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212.07 575.25 Td (Monetary ) Tj ET Q q 0 0 0 rg BT 253.62 575.25 Td (Union ) Tj ET Q q 0 0 0 rg BT 281.29 575.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 319.53 575.25 Td (to ) Tj ET Q q 0 0 0 rg BT 329.98 575.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.87 575.25 Td (T) Tj ET Q q 0 0 0 rg BT 349.88 575.25 Td (r) Tj ET Q q 0 0 0 rg BT 353.40 575.25 Td (eaty ) Tj ET Q q 0 0 0 rg BT 372.73 575.25 Td (on ) Tj ET Q q 0 0 0 rg BT 385.41 575.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.30 575.25 Td (Functioning ) Tj ET Q q 0 0 0 rg BT 451.86 575.25 Td (of ) Tj ET Q q 0 0 0 rg BT 462.31 575.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.20 575.25 Td (Eur) Tj ET Q q 0 0 0 rg BT 491.83 575.25 Td (opean ) Tj ET Q q 0 0 0 rg BT 518.94 575.25 Td (Union, ) Tj ET Q q 0 0 0 rg BT 549.12 575.25 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 563.25 Td (amended, ) Tj ET Q q 0 0 0 rg BT 95.39 563.25 Td (and ) Tj ET Q q 0 0 0 rg BT 113.18 563.25 Td (all ) Tj ET Q q 0 0 0 rg BT 126.52 563.25 Td (r) Tj ET Q q 0 0 0 rg BT 130.04 563.25 Td (efer) Tj ET Q q 0 0 0 rg BT 145.22 563.25 Td (ences ) Tj ET Q q 0 0 0 rg BT 170.22 563.25 Td (to ) Tj ET Q q 0 0 0 rg BT 180.78 563.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 206.36 563.25 Td (Dollars, ) Tj ET Q q 0 0 0 rg BT 247.77 563.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 273.34 563.25 Td (Dollar) Tj ET Q q 0 0 0 rg BT 298.90 563.25 Td (, ) Tj ET Q q 0 0 0 rg BT 309.76 563.25 Td (U.S.$ ) Tj ET Q q 0 0 0 rg BT 345.89 563.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.68 563.25 Td ($ ) Tj ET Q q 0 0 0 rg BT 382.59 563.25 Td (r) Tj ET Q q 0 0 0 rg BT 386.11 563.25 Td (efer ) Tj ET Q q 0 0 0 rg BT 404.45 563.25 Td (to ) Tj ET Q q 0 0 0 rg BT 415.02 563.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.02 563.25 Td (curr) Tj ET Q q 0 0 0 rg BT 446.87 563.25 Td (ency ) Tj ET Q q 0 0 0 rg BT 467.98 563.25 Td (of ) Tj ET Q q 0 0 0 rg BT 478.55 563.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.55 563.25 Td (United ) Tj ET Q q 0 0 0 rg BT 523.56 563.25 Td (States ) Tj ET Q q 0 0 0 rg BT 550.24 563.25 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 551.25 Td (America ) Tj ET Q q 0 0 0 rg BT 90.38 551.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 105.10 551.25 Td (United ) Tj ET Q q 0 0 0 rg BT 140.38 551.25 Td (States\). ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 527.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 527.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 123.06 527.25 Td (totals ) Tj ET Q q 0 0 0 rg BT 147.78 527.25 Td (in ) Tj ET Q q 0 0 0 rg BT 158.06 527.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.78 527.25 Td (tables ) Tj ET Q q 0 0 0 rg BT 199.17 527.25 Td (included ) Tj ET Q q 0 0 0 rg BT 236.10 527.25 Td (in ) Tj ET Q q 0 0 0 rg BT 246.38 527.25 Td (this ) Tj ET Q q 0 0 0 rg BT 263.33 527.25 Td (Interim ) Tj ET Q q 0 0 0 rg BT 295.26 527.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 324.98 527.25 Td (may ) Tj ET Q q 0 0 0 rg BT 344.14 527.25 Td (not ) Tj ET Q q 0 0 0 rg BT 359.42 527.25 Td (add ) Tj ET Q q 0 0 0 rg BT 376.92 527.25 Td (due ) Tj ET Q q 0 0 0 rg BT 393.86 527.25 Td (to ) Tj ET Q q 0 0 0 rg BT 404.14 527.25 Td (r) Tj ET Q q 0 0 0 rg BT 407.66 527.25 Td (ounding.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 503.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 503.25 Td (The financial data in Results of Operations is pr) Tj ET Q q 0 0 0 rg BT 294.09 503.25 Td (esented in millions of Eur) Tj ET Q q 0 0 0 rg BT 396.48 503.25 Td (o, while the per) Tj ET Q q 0 0 0 rg BT 458.33 503.25 Td (centages pr) Tj ET Q q 0 0 0 rg BT 504.33 503.25 Td (esented ar) Tj ET Q q 0 0 0 rg BT 545.34 503.25 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 491.25 Td (calculated using the underlying figur) Tj ET Q q 0 0 0 rg BT 201.94 491.25 Td (es in thousands of Eur) Tj ET Q q 0 0 0 rg BT 291.02 491.25 Td (o.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 467.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 467.25 Td (This ) Tj ET Q q 0 0 0 rg BT 109.73 467.25 Td (Interim ) Tj ET Q q 0 0 0 rg BT 141.67 467.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 171.39 467.25 Td (is ) Tj ET Q q 0 0 0 rg BT 180.56 467.25 Td (unaudited.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.30 419.25 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 276.32 419.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 299.94 419.25 Td (ANAL) Tj ET Q q 0 0 0 rg BT 327.35 419.25 Td (YSIS OF) Tj ET Q q 0 0 0 rg BT 365.61 419.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 424.22 419.25 Td ( CONDITION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.60 407.25 Td (AND RESUL) Tj ET Q q 0 0 0 rg BT 286.19 407.25 Td (TS OF) Tj ET Q q 0 0 0 rg BT 314.44 407.25 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 351.20 407.25 Td (TIONS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 383.25 Td (Highlights) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 359.25 Td (Consolidated Income Statement Data) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 282.75 362.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 282.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 282.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 282.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 282.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 254.75 362.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 254.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 254.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 254.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 254.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 226.75 362.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 226.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 226.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 226.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 226.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 198.75 362.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 198.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 198.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 198.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 198.75 67.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 311.75 m 486.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 311.75 m 490.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 311.75 m 557.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 311.75 m 486.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 297.75 m 486.5 297.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 311.75 m 490.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 311.75 m 557.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 297.75 m 557.5 297.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.90 325.20 Td (For) Tj ET Q q 0 0 0 rg BT 450.73 325.20 Td ( the thr) Tj ET Q q 0 0 0 rg BT 479.06 325.20 Td (ee months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.30 316.20 Td (Mar) Tj ET Q q 0 0 0 rg BT 487.13 316.20 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.50 302.20 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.50 302.20 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 273.21 Td (Net revenues ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 273.21 Td (831) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 273.21 Td (821) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 259.21 Td (EBIT) Tj ET Q q 0 0 0 rg BT 75.83 259.21 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 259.21 Td (210) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 259.21 Td (177) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 245.21 Td (Profit before taxes ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 245.21 Td (206) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 245.21 Td (173) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 231.21 Td (Net profit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 231.21 Td (149) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 231.21 Td (124) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 217.21 Td (Net profit attributable to:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 80.00 203.20 Td (Owners of the par) Tj ET Q q 0 0 0 rg BT 144.92 203.20 Td (ent ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.50 203.20 Td (148) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.50 203.20 Td (124) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 80.00 189.20 Td (Non-contr) Tj ET Q q 0 0 0 rg BT 116.66 189.20 Td (olling inter) Tj ET Q q 0 0 0 rg BT 156.58 189.20 Td (ests ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.50 189.20 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 189.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 175.21 Td (Basic and diluted earnings per common share \(\) ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 234.95 179.29 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.25 175.21 Td (0.78) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 175.21 Td (0.65) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 159.25 Td (_____________________________) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 149.65 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 72.00 149.65 Td (See ) Tj ET Q q 0 0 0 rg BT 85.62 149.65 Td (Note ) Tj ET Q q 0 0 0 rg BT 103.26 149.65 Td (13 ) Tj ET Q q 0 0 0 rg BT 113.78 149.65 Td ("Earnings ) Tj ET Q q 0 0 0 rg BT 149.00 149.65 Td (per ) Tj ET Q q 0 0 0 rg BT 162.18 149.65 Td (shar) Tj ET Q q 0 0 0 rg BT 176.11 149.65 Td (e" ) Tj ET Q q 0 0 0 rg BT 185.54 149.65 Td (to ) Tj ET Q q 0 0 0 rg BT 194.29 149.65 Td (the ) Tj ET Q q 0 0 0 rg BT 206.59 149.65 Td (Interim ) Tj ET Q q 0 0 0 rg BT 232.66 149.65 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 270.73 149.65 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 315.92 149.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 349.55 149.65 Td (Statements ) Tj ET Q q 0 0 0 rg BT 386.73 149.65 Td (for ) Tj ET Q q 0 0 0 rg BT 398.59 149.65 Td (the ) Tj ET Q q 0 0 0 rg BT 410.89 149.65 Td (calculation ) Tj ET Q q 0 0 0 rg BT 449.40 149.65 Td (of ) Tj ET Q q 0 0 0 rg BT 458.15 149.65 Td (basic ) Tj ET Q q 0 0 0 rg BT 477.56 149.65 Td (and ) Tj ET Q q 0 0 0 rg BT 492.08 149.65 Td (diluted ) Tj ET Q q 0 0 0 rg BT 516.82 149.65 Td (earnings ) Tj ET Q q 0 0 0 rg BT 547.34 149.65 Td (per ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 140.05 Td (common ) Tj ET Q q 0 0 0 rg BT 101.11 140.05 Td (shar) Tj ET Q q 0 0 0 rg BT 115.04 140.05 Td (e.) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 41.20 Td (3) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 731.25 Td (Consolidated Statement of Financial Position Data ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 666.75 300.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 666.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 666.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 666.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 638.75 300.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 638.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 638.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 638.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 610.75 300.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 610.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 610.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 610.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 582.75 300.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 582.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 582.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 582.75 100.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 694.75 m 453.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 694.75 m 557.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 694.75 m 453.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 680.75 m 453.5 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 694.75 m 557.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 680.75 m 557.5 680.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 377.45 699.20 Td (At Mar) Tj ET Q q 0 0 0 rg BT 406.10 699.20 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.95 699.20 Td (At December) Tj ET Q q 0 0 0 rg BT 525.59 699.20 Td ( 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 394.00 685.20 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 498.00 685.20 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.60 671.21 Td (\( million\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 657.21 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.50 657.21 Td (743) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 657.21 Td (648) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 643.21 Td (T) Tj ET Q q 0 0 0 rg BT 60.87 643.21 Td (otal assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.75 643.21 Td (4,361) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 643.21 Td (4,141) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 629.21 Td (Debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.75 629.21 Td (1,822) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 629.21 Td (1,806) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 615.21 Td (T) Tj ET Q q 0 0 0 rg BT 60.87 615.21 Td (otal equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.50 615.21 Td (898) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 615.21 Td (784) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 601.20 Td (Equity attributable to owners of the par) Tj ET Q q 0 0 0 rg BT 210.66 601.20 Td (ent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.50 601.20 Td (894) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.50 601.20 Td (779) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 587.20 Td (Non-contr) Tj ET Q q 0 0 0 rg BT 104.66 587.20 Td (olling inter) Tj ET Q q 0 0 0 rg BT 144.58 587.20 Td (ests) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.50 587.20 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.50 587.20 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 573.21 Td (Share capital) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 573.21 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 573.21 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 559.21 Td (Common shares issued and outstanding \(in thousands of shares\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.75 559.21 Td (188,646) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 559.21 Td (188,954) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 511.45 Td (Other Statistical Information) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 487.45 Td (Shipments) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 435.95 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 435.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 435.95 184.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 405.95 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 405.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 405.95 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 405.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 405.95 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 405.95 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 405.95 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 405.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 405.95 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 375.95 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 375.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 375.95 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 375.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 375.95 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 375.95 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 375.95 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 375.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 375.95 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 345.95 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 345.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 345.95 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 345.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 345.95 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 345.95 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 345.95 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 345.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 345.95 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 315.95 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 315.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 315.95 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 315.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 315.95 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 315.95 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 315.95 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 315.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 315.95 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 285.95 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 285.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 285.95 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 285.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 285.95 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 285.95 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 285.95 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 285.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 285.95 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 255.95 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 255.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 255.95 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 255.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 255.95 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 255.95 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 255.95 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 255.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 255.95 42.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 449.95000000000005 m 414.5 449.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 449.95000000000005 m 418.5 449.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 449.95000000000005 m 460.5 449.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 449.95000000000005 m 469.5 449.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 449.95000000000005 m 511.5 449.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 449.95000000000005 m 515.5 449.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 449.95000000000005 m 557.5 449.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 449.95000000000005 m 414.5 449.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 435.95000000000005 m 414.5 435.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 449.95000000000005 m 418.5 449.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 449.95000000000005 m 460.5 449.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 435.95000000000005 m 460.5 435.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 449.95000000000005 m 469.5 449.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 449.95000000000005 m 511.5 449.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 435.95000000000005 m 511.5 435.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 449.95000000000005 m 515.5 449.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 449.95000000000005 m 557.5 449.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 435.95000000000005 m 557.5 435.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 315.95000000000005 m 414.5 315.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 300.95000000000005 m 414.5 300.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 315.95000000000005 m 460.5 315.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 300.95000000000005 m 460.5 300.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 315.95000000000005 m 511.5 315.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 300.95000000000005 m 511.5 300.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 315.95000000000005 m 557.5 315.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 300.95000000000005 m 557.5 300.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 255.95000000000005 m 414.5 255.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 241.95000000000005 m 414.5 241.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 239.95000000000005 m 414.5 239.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 255.95000000000005 m 460.5 255.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 241.95000000000005 m 460.5 241.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 239.95000000000005 m 460.5 239.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 255.95000000000005 m 511.5 255.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 241.95000000000005 m 511.5 241.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 239.95000000000005 m 511.5 239.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 255.95000000000005 m 557.5 255.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 241.95000000000005 m 557.5 241.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 239.95000000000005 m 557.5 239.95000000000005 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 454.41 Td (\(Number of cars and % of total cars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.10 454.40 Td (For) Tj ET Q q 0 0 0 rg BT 406.93 454.40 Td ( the thr) Tj ET Q q 0 0 0 rg BT 435.26 454.40 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 518.34 454.40 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 384.50 440.40 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.50 440.40 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.00 440.40 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.50 440.40 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 425.40 Td (EMEA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 410.41 Td (UK) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 410.41 Td (281) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.25 410.41 Td (13.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.50 410.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 410.41 Td (254) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 410.41 Td (12.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 410.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 395.41 Td (Germany) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 395.41 Td (204) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 395.41 Td (9.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.50 395.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 395.41 Td (196) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 395.41 Td (9.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 395.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 380.41 Td (Italy) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 380.41 Td (1) Tj ET Q q 0 0 0 rg BT 402.00 380.41 Td (19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 380.41 Td (5.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.50 380.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 380.41 Td (103) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 380.41 Td (5.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 380.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 365.41 Td (France) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 365.41 Td (101) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 365.41 Td (4.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.50 365.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 365.41 Td (92) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 365.41 Td (4.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 365.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 350.41 Td (Switzerland) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.00 350.41 Td (97) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 350.41 Td (4.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.50 350.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 350.41 Td (94) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 350.41 Td (4.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 350.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 335.41 Td (Middle East) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 99.74 339.49 Td ( \(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.00 335.41 Td (58) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 335.41 Td (2.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.50 335.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 335.41 Td (1) Tj ET Q q 0 0 0 rg BT 499.00 335.41 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 335.41 Td (5.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 335.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 320.41 Td (Rest of EMEA) Tj ET Q q 0 0 0 rg BT 109.00 320.41 Td ( ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 111.25 324.49 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 320.41 Td (243) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.25 320.41 Td (1) Tj ET Q q 0 0 0 rg BT 439.75 320.41 Td (1.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.50 320.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 320.41 Td (181) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 320.41 Td (9.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 320.41 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 305.40 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 305.40 Td (otal EMEA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 390.75 305.40 Td (1,103) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.25 305.40 Td (51.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.00 305.40 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.75 305.40 Td (1,034) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.25 305.40 Td (51.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.00 305.40 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 290.41 Td (Americas ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 92.73 294.49 Td (\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 290.41 Td (569) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.25 290.41 Td (26.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.50 290.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 290.41 Td (545) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 290.41 Td (27.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 290.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 275.41 Td (China, Hong Kong and ) Tj ET Q q 0 0 0 rg BT 141.58 275.41 Td (T) Tj ET Q q 0 0 0 rg BT 146.45 275.41 Td (aiwan \(on a combined basis\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 275.41 Td (183) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.75 275.41 Td (8.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.50 275.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 275.41 Td (161) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 275.41 Td (8.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 275.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 260.41 Td (Rest of ) Tj ET Q q 0 0 0 rg BT 83.50 260.41 Td (AP) Tj ET Q q 0 0 0 rg BT 94.18 260.41 Td (AC ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 108.93 264.49 Td (\(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 260.41 Td (273) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.25 260.41 Td (12.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.50 260.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 260.41 Td (263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 260.41 Td (13.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 260.41 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 245.40 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 245.40 Td (otal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 390.75 245.40 Td (2,128) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.75 245.40 Td (100.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.00 245.40 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.75 245.40 Td (2,003) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 527.75 245.40 Td (100.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.00 245.40 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 229.45 Td (_____________________________) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 219.85 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 67.50 219.85 Td (Middle East mainly includes the United ) Tj ET Q q 0 0 0 rg BT 196.22 219.85 Td (Arab Emirates, Saudi ) Tj ET Q q 0 0 0 rg BT 267.18 219.85 Td (Arabia, Bahrain, Lebanon, Qatar) Tj ET Q q 0 0 0 rg BT 373.86 219.85 Td (, Oman and Kuwait.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 210.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 67.50 210.25 Td (Rest of EMEA) Tj ET Q q 0 0 0 rg BT 112.68 210.25 Td ( includes ) Tj ET Q q 0 0 0 rg BT 143.19 210.25 Td (Africa and the other Eur) Tj ET Q q 0 0 0 rg BT 221.55 210.25 Td (opean markets not separately identified.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 200.65 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 67.50 200.65 Td (Americas includes the United States of ) Tj ET Q q 0 0 0 rg BT 193.11 200.65 Td (America, Canada, Mexico, the Caribbean and Central and South ) Tj ET Q q 0 0 0 rg BT 403.61 200.65 Td (America.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 191.05 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 67.50 191.05 Td (Rest of ) Tj ET Q q 0 0 0 rg BT 91.35 191.05 Td (AP) Tj ET Q q 0 0 0 rg BT 100.09 191.05 Td (AC mainly includes Japan, ) Tj ET Q q 0 0 0 rg BT 188.16 191.05 Td (Australia, Singapor) Tj ET Q q 0 0 0 rg BT 250.98 191.05 Td (e, Indonesia and South Kor) Tj ET Q q 0 0 0 rg BT 338.45 191.05 Td (ea.) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 41.20 Td (4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 731.10 Td (A) Tj ET Q q 0 0 0 rg BT 59.56 731.10 Td (verage number of employees for the period) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 680.60 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 680.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 680.60 89.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 680.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 680.60 89.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 694.6 m 464.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 694.6 m 464.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 680.6 m 464.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 694.6 m 557.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 680.6 m 557.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 680.6 m 464.5 680.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 394.10 699.05 Td (For) Tj ET Q q 0 0 0 rg BT 407.93 699.05 Td ( the thr) Tj ET Q q 0 0 0 rg BT 436.26 699.05 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 519.34 699.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.50 685.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 503.50 685.05 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 670.06 Td (A) Tj ET Q q 0 0 0 rg BT 61.83 670.06 Td (verage number of employees for the period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.35 670.06 Td (3,472) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.35 670.06 Td (3,317) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 618.10 Td (Share ) Tj ET Q q 0 0 0 rg BT 80.95 618.10 Td (buyback ) Tj ET Q q 0 0 0 rg BT 117.89 618.10 Td (program) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 594.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 594.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 594.10 Td (On ) Tj ET Q q 0 0 0 rg BT 104.47 594.10 Td (February ) Tj ET Q q 0 0 0 rg BT 142.83 594.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 152.58 594.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 174.83 594.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.30 594.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 230.44 594.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 276.01 594.10 Td (its ) Tj ET Q q 0 0 0 rg BT 287.71 594.10 Td (intention ) Tj ET Q q 0 0 0 rg BT 325.51 594.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.54 594.10 Td (launch ) Tj ET Q q 0 0 0 rg BT 364.45 594.10 Td (a ) Tj ET Q q 0 0 0 rg BT 371.14 594.10 Td (share ) Tj ET Q q 0 0 0 rg BT 394.49 594.10 Td (buyback ) Tj ET Q q 0 0 0 rg BT 430.62 594.10 Td (program. ) Tj ET Q q 0 0 0 rg BT 469.09 594.10 Td (The ) Tj ET Q q 0 0 0 rg BT 486.89 594.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 528.03 594.10 Td (expects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.87 582.10 Td (program ) Tj ET Q q 0 0 0 rg BT 105.41 582.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.85 582.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 148.50 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.37 582.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 209.34 582.10 Td (from ) Tj ET Q q 0 0 0 rg BT 231.43 582.10 Td (time ) Tj ET Q q 0 0 0 rg BT 251.86 582.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.30 582.10 Td (time ) Tj ET Q q 0 0 0 rg BT 282.73 582.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.72 582.10 Td (up ) Tj ET Q q 0 0 0 rg BT 306.38 582.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.81 582.10 Td (100 ) Tj ET Q q 0 0 0 rg BT 339.47 582.10 Td (million ) Tj ET Q q 0 0 0 rg BT 371.02 582.10 Td (in ) Tj ET Q q 0 0 0 rg BT 381.46 582.10 Td (common ) Tj ET Q q 0 0 0 rg BT 419.11 582.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 449.06 582.10 Td (The ) Tj ET Q q 0 0 0 rg BT 467.27 582.10 Td (program ) Tj ET Q q 0 0 0 rg BT 503.80 582.10 Td (is ) Tj ET Q q 0 0 0 rg BT 513.13 582.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 550.22 582.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 570.10 Td (optimize ) Tj ET Q q 0 0 0 rg BT 91.09 570.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.41 570.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 134.16 570.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 171.25 570.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.68 570.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.00 570.10 Td (Company) Tj ET Q q 0 0 0 rg BT 234.24 570.10 Td (. ) Tj ET Q q 0 0 0 rg BT 238.84 570.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 267.60 570.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 318.01 570.10 Td (may ) Tj ET Q q 0 0 0 rg BT 337.33 570.10 Td (be ) Tj ET Q q 0 0 0 rg BT 348.87 570.10 Td (used ) Tj ET Q q 0 0 0 rg BT 369.30 570.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.18 570.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 400.72 570.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.04 570.10 Td (Company) Tj ET Q q 0 0 0 rg BT 456.70 570.10 Td (s ) Tj ET Q q 0 0 0 rg BT 462.70 570.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 509.24 570.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 538.56 570.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.51 558.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 95.79 558.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 134.74 558.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 154.25 558.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 193.74 558.10 Td (in ) Tj ET Q q 0 0 0 rg BT 203.81 558.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 228.60 558.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 255.89 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.40 558.10 Td (program, ) Tj ET Q q 0 0 0 rg BT 309.06 558.10 Td (as ) Tj ET Q q 0 0 0 rg BT 319.69 558.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.31 558.10 Td (March ) Tj ET Q q 0 0 0 rg BT 358.70 558.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 373.49 558.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 398.28 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.79 558.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 453.97 558.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 496.79 558.10 Td (an ) Tj ET Q q 0 0 0 rg BT 508.52 558.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 549.68 558.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 546.10 Td (190,600 ) Tj ET Q q 0 0 0 rg BT 88.88 546.10 Td (common ) Tj ET Q q 0 0 0 rg BT 126.26 546.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 153.64 546.10 Td (on ) Tj ET Q q 0 0 0 rg BT 166.02 546.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.62 546.10 Td (New ) Tj ET Q q 0 0 0 rg BT 201.54 546.10 Td (Y) Tj ET Q q 0 0 0 rg BT 207.76 546.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 223.47 546.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 248.63 546.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 290.44 546.10 Td (\(NYSE\) ) Tj ET Q q 0 0 0 rg BT 325.60 546.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.42 546.10 Td (an ) Tj ET Q q 0 0 0 rg BT 354.24 546.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 395.49 546.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.21 546.10 Td (1) Tj ET Q q 0 0 0 rg BT 410.83 546.10 Td (17,256 ) Tj ET Q q 0 0 0 rg BT 440.72 546.10 Td (common ) Tj ET Q q 0 0 0 rg BT 478.10 546.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 505.47 546.10 Td (on ) Tj ET Q q 0 0 0 rg BT 517.86 546.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.46 546.10 Td (Italian ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 534.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 81.29 534.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 125.23 534.10 Td (\(MT) Tj ET Q q 0 0 0 rg BT 142.75 534.10 Td (A\), ) Tj ET Q q 0 0 0 rg BT 160.32 534.10 Td (for ) Tj ET Q q 0 0 0 rg BT 176.49 534.10 Td (an ) Tj ET Q q 0 0 0 rg BT 190.44 534.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 233.81 534.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.66 534.10 Td (307,856 ) Tj ET Q q 0 0 0 rg BT 283.67 534.10 Td (common ) Tj ET Q q 0 0 0 rg BT 323.17 534.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 352.68 534.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 397.73 534.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.68 534.10 Td (a ) Tj ET Q q 0 0 0 rg BT 425.63 534.10 Td (total ) Tj ET Q q 0 0 0 rg BT 447.91 534.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 491.29 534.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 549.67 534.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 522.10 Td (30,056,649. ) Tj ET Q q 0 0 0 rg BT 108.78 522.10 Td (As ) Tj ET Q q 0 0 0 rg BT 122.83 522.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.09 522.10 Td (March ) Tj ET Q q 0 0 0 rg BT 163.11 522.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 178.54 522.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 201.47 522.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.62 522.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 258.44 522.10 Td (held ) Tj ET Q q 0 0 0 rg BT 278.58 522.10 Td (5,277,481 ) Tj ET Q q 0 0 0 rg BT 321.51 522.10 Td (common ) Tj ET Q q 0 0 0 rg BT 359.44 522.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 387.36 522.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.07 522.10 Td (treasury) Tj ET Q q 0 0 0 rg BT 429.62 522.10 Td (, ) Tj ET Q q 0 0 0 rg BT 435.05 522.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.42 522.10 Td (in ) Tj ET Q q 0 0 0 rg BT 463.13 522.10 Td (total ) Tj ET Q q 0 0 0 rg BT 483.83 522.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.98 522.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 540.79 522.10 Td (held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 510.10 Td (2.1) Tj ET Q q 0 0 0 rg BT 66.13 510.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 73.63 510.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 105.55 510.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.38 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.10 510.10 Td (total ) Tj ET Q q 0 0 0 rg BT 151.37 510.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 178.87 510.10 Td (share ) Tj ET Q q 0 0 0 rg BT 202.47 510.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 231.62 510.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.90 510.10 Td (treasury) Tj ET Q q 0 0 0 rg BT 273.46 510.10 Td (, ) Tj ET Q q 0 0 0 rg BT 278.46 510.10 Td (including ) Tj ET Q q 0 0 0 rg BT 318.73 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.45 510.10 Td (common ) Tj ET Q q 0 0 0 rg BT 370.94 510.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 398.43 510.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.37 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.09 510.10 Td (special ) Tj ET Q q 0 0 0 rg BT 460.35 510.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 488.41 510.10 Td (shares.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 486.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 486.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 486.10 Td (See) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 104.44 486.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.94 486.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 128.33 486.10 Td (20 ) Tj ET Q q 0 0 0 rg BT 140.83 486.10 Td (Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.05 486.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.55 486.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.83 486.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.55 486.10 Td (Interim ) Tj ET Q q 0 0 0 rg BT 237.48 486.10 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 284.42 486.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 339.69 486.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 379.40 486.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 425.79 486.10 Td (for ) Tj ET Q q 0 0 0 rg BT 439.95 486.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 482.44 486.10 Td (details.) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 41.20 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 731.25 Td (Forward-Looking Statements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 96.00 707.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 142.48 707.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 185.07 707.25 Td (in ) Tj ET Q q 0 0 0 rg BT 196.00 707.25 Td (this ) Tj ET Q q 0 0 0 rg BT 213.61 707.25 Td (r) Tj ET Q q 0 0 0 rg BT 217.13 707.25 Td (eport, ) Tj ET Q q 0 0 0 rg BT 243.89 707.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 294.82 707.25 Td (those ) Tj ET Q q 0 0 0 rg BT 319.09 707.25 Td (r) Tj ET Q q 0 0 0 rg BT 322.61 707.25 Td (egar) Tj ET Q q 0 0 0 rg BT 340.57 707.25 Td (ding ) Tj ET Q q 0 0 0 rg BT 361.50 707.25 Td (our ) Tj ET Q q 0 0 0 rg BT 378.55 707.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 414.48 707.25 Td (or ) Tj ET Q q 0 0 0 rg BT 426.53 707.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 464.13 707.25 Td (futur) Tj ET Q q 0 0 0 rg BT 483.21 707.25 Td (e ) Tj ET Q q 0 0 0 rg BT 490.80 707.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 545.05 707.25 Td (ar) Tj ET Q q 0 0 0 rg BT 553.57 707.25 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 695.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 86.42 695.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 128.04 695.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 179.12 695.25 Td (that ) Tj ET Q q 0 0 0 rg BT 197.97 695.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 231.27 695.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 253.46 695.25 Td (and ) Tj ET Q q 0 0 0 rg BT 271.75 695.25 Td (uncertainties. ) Tj ET Q q 0 0 0 rg BT 329.76 695.25 Td (In ) Tj ET Q q 0 0 0 rg BT 341.39 695.25 Td (some ) Tj ET Q q 0 0 0 rg BT 365.24 695.25 Td (cases, ) Tj ET Q q 0 0 0 rg BT 392.70 695.25 Td (wor) Tj ET Q q 0 0 0 rg BT 407.89 695.25 Td (ds ) Tj ET Q q 0 0 0 rg BT 420.08 695.25 Td (such ) Tj ET Q q 0 0 0 rg BT 441.70 695.25 Td (as ) Tj ET Q q 0 0 0 rg BT 453.89 695.25 Td (may) Tj ET Q q 0 0 0 rg BT 475.56 695.25 Td (, 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396.05 Td (to ) Tj ET Q q 0 0 0 rg BT 171.52 396.05 Td (successfully ) Tj ET Q q 0 0 0 rg BT 222.06 396.05 Td (carry ) Tj ET Q q 0 0 0 rg BT 246.48 396.05 Td (out ) Tj ET Q q 0 0 0 rg BT 262.03 396.05 Td (our ) Tj ET Q q 0 0 0 rg BT 278.69 396.05 Td (gr) Tj ET Q q 0 0 0 rg BT 287.21 396.05 Td (owth ) Tj ET Q q 0 0 0 rg BT 309.42 396.05 Td (strategy ) Tj ET Q q 0 0 0 rg BT 344.41 396.05 Td (and, ) Tj ET Q q 0 0 0 rg BT 364.68 396.05 Td (particularly) Tj ET Q q 0 0 0 rg BT 411.90 396.05 Td (, ) Tj ET Q q 0 0 0 rg BT 417.17 396.05 Td (our ) Tj ET Q q 0 0 0 rg BT 433.83 396.05 Td (ability ) Tj ET Q q 0 0 0 rg BT 462.14 396.05 Td (to ) Tj ET Q q 0 0 0 rg BT 472.69 396.05 Td (gr) Tj ET Q q 0 0 0 rg BT 481.21 396.05 Td (ow ) Tj ET Q q 0 0 0 rg BT 495.65 396.05 Td (our ) Tj ET Q q 0 0 0 rg BT 512.31 396.05 Td (pr) Tj ET Q q 0 0 0 rg BT 520.83 396.05 Td (esence ) Tj ET Q q 0 0 0 rg BT 550.24 396.05 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 384.05 Td (emer) Tj ET Q q 0 0 0 rg BT 135.62 384.05 Td (ging ) Tj ET Q q 0 0 0 rg BT 155.90 384.05 Td (market ) Tj ET Q q 0 0 0 rg BT 186.17 384.05 Td (countries; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.00 366.05 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 366.05 Td (our ) Tj ET Q q 0 0 0 rg BT 132.39 366.05 Td (ability ) Tj ET Q q 0 0 0 rg BT 160.44 366.05 Td (to ) Tj ET Q q 0 0 0 rg BT 170.72 366.05 Td (service ) Tj ET Q q 0 0 0 rg BT 201.54 366.05 Td (and ) Tj ET Q q 0 0 0 rg BT 219.04 366.05 Td (r) Tj ET Q q 0 0 0 rg BT 222.56 366.05 Td (efinance ) Tj ET Q q 0 0 0 rg BT 258.93 366.05 Td (our ) Tj ET Q q 0 0 0 rg BT 275.32 366.05 Td (debt;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.00 348.05 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 348.05 Td (competition ) Tj ET Q q 0 0 0 rg BT 165.71 348.05 Td (in ) Tj ET Q q 0 0 0 rg BT 175.99 348.05 Td (the ) Tj ET Q q 0 0 0 rg BT 190.71 348.05 Td (luxury ) Tj ET Q q 0 0 0 rg BT 218.75 348.05 Td (performance ) Tj ET Q q 0 0 0 rg BT 272.35 348.05 Td (automobile ) Tj ET Q q 0 0 0 rg BT 319.85 348.05 Td (industry; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.00 330.05 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 330.05 Td (r) Tj ET Q q 0 0 0 rg BT 119.52 330.05 Td (eliance ) Tj ET Q q 0 0 0 rg BT 150.64 330.05 Td (upon ) Tj ET Q q 0 0 0 rg BT 172.88 330.05 Td (a ) Tj ET Q q 0 0 0 rg BT 180.12 330.05 Td (number ) Tj ET Q q 0 0 0 rg BT 212.92 330.05 Td (of ) Tj ET Q q 0 0 0 rg BT 222.94 330.05 Td (key ) Tj ET Q q 0 0 0 rg BT 238.50 330.05 Td (members ) Tj ET Q q 0 0 0 rg BT 276.85 330.05 Td (of ) Tj ET Q q 0 0 0 rg BT 286.87 330.05 Td (executive ) Tj ET Q q 0 0 0 rg BT 326.30 330.05 Td (management ) Tj ET Q q 0 0 0 rg BT 379.64 330.05 Td (and ) Tj ET Q q 0 0 0 rg BT 396.89 330.05 Td (employees, ) Tj ET Q q 0 0 0 rg BT 443.28 330.05 Td (and ) Tj ET Q q 0 0 0 rg BT 460.52 330.05 Td (the ) Tj ET Q q 0 0 0 rg BT 474.98 330.05 Td (ability ) Tj ET Q q 0 0 0 rg BT 502.77 330.05 Td (of ) Tj ET Q q 0 0 0 rg BT 512.80 330.05 Td (our ) Tj ET Q q 0 0 0 rg BT 528.93 330.05 Td (curr) Tj ET Q q 0 0 0 rg BT 545.78 330.05 Td (ent ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 318.05 Td (management ) Tj ET Q q 0 0 0 rg BT 169.60 318.05 Td (team ) Tj ET Q q 0 0 0 rg BT 191.54 318.05 Td (to ) Tj ET Q q 0 0 0 rg BT 201.82 318.05 Td (operate ) Tj ET Q q 0 0 0 rg BT 234.86 318.05 Td (and ) Tj ET Q q 0 0 0 rg BT 252.36 318.05 Td (manage ) Tj ET Q q 0 0 0 rg BT 286.52 318.05 Td (effectively; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.00 300.05 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 300.05 Td (the ) Tj ET Q q 0 0 0 rg BT 130.72 300.05 Td (performance ) Tj ET Q q 0 0 0 rg BT 184.32 300.05 Td (of ) Tj ET Q q 0 0 0 rg BT 194.59 300.05 Td (our ) Tj ET Q q 0 0 0 rg BT 210.99 300.05 Td (dealer ) Tj ET Q q 0 0 0 rg BT 239.03 300.05 Td (network ) Tj ET Q q 0 0 0 rg BT 273.75 300.05 Td (on ) Tj ET Q q 0 0 0 rg BT 286.25 300.05 Td (which ) Tj ET Q q 0 0 0 rg BT 312.64 300.05 Td (we ) Tj ET Q q 0 0 0 rg BT 326.24 300.05 Td (depend ) Tj ET Q q 0 0 0 rg BT 357.62 300.05 Td (for ) Tj ET Q q 0 0 0 rg BT 371.79 300.05 Td (sales ) Tj ET Q q 0 0 0 rg BT 394.29 300.05 Td (and ) Tj ET Q q 0 0 0 rg BT 411.79 300.05 Td (services; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.00 282.05 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 282.05 Td (incr) Tj ET Q q 0 0 0 rg BT 131.74 282.05 Td (eases ) Tj ET Q q 0 0 0 rg BT 155.90 282.05 Td (in ) Tj ET Q q 0 0 0 rg BT 166.18 282.05 Td (costs, ) Tj ET Q q 0 0 0 rg BT 191.18 282.05 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 238.69 282.05 Td (of ) Tj ET Q q 0 0 0 rg BT 248.96 282.05 Td (supply ) Tj ET Q q 0 0 0 rg BT 277.57 282.05 Td (or ) Tj ET Q q 0 0 0 rg BT 288.96 282.05 Td (shortages ) Tj ET Q q 0 0 0 rg BT 330.36 282.05 Td (of ) Tj ET Q q 0 0 0 rg BT 340.63 282.05 Td (components ) Tj ET Q q 0 0 0 rg BT 390.90 282.05 Td (and ) Tj ET Q q 0 0 0 rg BT 408.40 282.05 Td (raw ) Tj ET Q q 0 0 0 rg BT 426.46 282.05 Td (materials; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.00 264.05 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 264.05 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 163.51 264.05 Td (at ) Tj ET Q q 0 0 0 rg BT 173.79 264.05 Td (our ) Tj ET Q q 0 0 0 rg BT 190.18 264.05 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 251.57 264.05 Td (facilities ) Tj ET Q q 0 0 0 rg BT 288.50 264.05 Td (in ) Tj ET Q q 0 0 0 rg BT 298.78 264.05 Td (Maranello ) Tj ET Q q 0 0 0 rg BT 343.50 264.05 Td (and ) Tj ET Q q 0 0 0 rg BT 361.00 264.05 Td (Modena; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.00 246.05 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 246.05 Td (our ) Tj ET Q q 0 0 0 rg BT 132.70 246.05 Td (ability ) Tj ET Q q 0 0 0 rg BT 161.06 246.05 Td (to ) Tj ET Q q 0 0 0 rg BT 171.64 246.05 Td (pr) Tj ET Q q 0 0 0 rg BT 180.16 246.05 Td (ovide ) Tj ET Q q 0 0 0 rg BT 204.62 246.05 Td (or ) Tj ET Q q 0 0 0 rg BT 216.32 246.05 Td (arrange ) Tj ET Q q 0 0 0 rg BT 251.35 246.05 Td (for ) Tj ET Q q 0 0 0 rg BT 265.83 246.05 Td (adequate ) Tj ET Q q 0 0 0 rg BT 305.29 246.05 Td (access ) Tj ET Q q 0 0 0 rg BT 334.19 246.05 Td (to ) Tj ET Q q 0 0 0 rg BT 344.78 246.05 Td (financing ) Tj ET Q q 0 0 0 rg BT 385.36 246.05 Td (for ) Tj ET Q q 0 0 0 rg BT 399.84 246.05 Td (our ) Tj ET Q q 0 0 0 rg BT 416.53 246.05 Td (dealers ) Tj ET Q q 0 0 0 rg BT 448.78 246.05 Td (and ) Tj ET Q q 0 0 0 rg BT 466.59 246.05 Td (clients, ) Tj ET Q q 0 0 0 rg BT 498.00 246.05 Td (and ) Tj ET Q q 0 0 0 rg BT 515.80 246.05 Td (associated ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 234.05 Td (risks; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.00 216.05 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 216.05 Td (the ) Tj ET Q q 0 0 0 rg BT 130.72 216.05 Td (performance ) Tj ET Q q 0 0 0 rg BT 184.32 216.05 Td (of ) Tj ET Q q 0 0 0 rg BT 194.59 216.05 Td (our ) Tj ET Q q 0 0 0 rg BT 210.99 216.05 Td (licensees ) Tj ET Q q 0 0 0 rg BT 249.58 216.05 Td (for ) Tj ET Q q 0 0 0 rg BT 263.75 216.05 Td (Ferrari-branded ) Tj ET Q q 0 0 0 rg BT 332.91 216.05 Td (pr) Tj ET Q q 0 0 0 rg BT 341.43 216.05 Td (oducts; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.00 198.05 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 198.05 Td (our ) Tj ET Q q 0 0 0 rg BT 132.45 198.05 Td (ability ) Tj ET Q q 0 0 0 rg BT 160.56 198.05 Td (to ) Tj ET Q q 0 0 0 rg BT 170.90 198.05 Td (pr) Tj ET Q q 0 0 0 rg BT 179.42 198.05 Td (otect ) Tj ET Q q 0 0 0 rg BT 201.41 198.05 Td (our ) Tj ET Q q 0 0 0 rg BT 217.86 198.05 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 265.40 198.05 Td (pr) Tj ET Q q 0 0 0 rg BT 273.92 198.05 Td (operty ) Tj ET Q q 0 0 0 rg BT 302.03 198.05 Td (rights ) Tj ET Q q 0 0 0 rg BT 327.93 198.05 Td (and ) Tj ET Q q 0 0 0 rg BT 345.49 198.05 Td (to ) Tj ET Q q 0 0 0 rg BT 355.82 198.05 Td (avoid ) Tj ET Q q 0 0 0 rg BT 380.60 198.05 Td (infringing ) Tj ET Q q 0 0 0 rg BT 423.16 198.05 Td (on ) Tj ET Q q 0 0 0 rg BT 435.72 198.05 Td (the ) Tj ET Q q 0 0 0 rg BT 450.50 198.05 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 498.04 198.05 Td (pr) Tj ET Q q 0 0 0 rg BT 506.56 198.05 Td (operty ) Tj ET Q q 0 0 0 rg BT 534.67 198.05 Td (rights ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 186.05 Td (of ) Tj ET Q q 0 0 0 rg BT 126.28 186.05 Td (others; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.00 168.05 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 168.05 Td (pr) Tj ET Q q 0 0 0 rg BT 124.52 168.05 Td (oduct ) Tj ET Q q 0 0 0 rg BT 149.24 168.05 Td (r) Tj ET Q q 0 0 0 rg BT 152.76 168.05 Td (ecalls, ) Tj ET Q q 0 0 0 rg BT 181.08 168.05 Td (liability ) Tj ET Q q 0 0 0 rg BT 214.69 168.05 Td (claims ) Tj ET Q q 0 0 0 rg BT 243.30 168.05 Td (and ) Tj ET Q q 0 0 0 rg BT 260.80 168.05 Td (pr) Tj ET Q q 0 0 0 rg BT 269.32 168.05 Td (oduct ) Tj ET Q q 0 0 0 rg BT 294.04 168.05 Td (warranties; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.00 150.05 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 150.05 Td (our ) Tj ET Q q 0 0 0 rg BT 132.39 150.05 Td (continued ) Tj ET Q q 0 0 0 rg BT 174.33 150.05 Td (compliance ) Tj ET Q q 0 0 0 rg BT 222.92 150.05 Td (with ) Tj ET Q q 0 0 0 rg BT 242.65 150.05 Td (customs ) Tj ET Q q 0 0 0 rg BT 277.37 150.05 Td (r) Tj ET Q q 0 0 0 rg BT 280.89 150.05 Td (egulations ) Tj ET Q q 0 0 0 rg BT 325.05 150.05 Td (of ) Tj ET Q q 0 0 0 rg BT 335.33 150.05 Td (various ) Tj ET Q q 0 0 0 rg BT 367.83 150.05 Td (jurisdictions; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.00 132.05 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 132.05 Td (labor ) Tj ET Q q 0 0 0 rg BT 140.17 132.05 Td (r) Tj ET Q q 0 0 0 rg BT 143.69 132.05 Td (elations ) Tj ET Q q 0 0 0 rg BT 177.86 132.05 Td (and ) Tj ET Q q 0 0 0 rg BT 195.36 132.05 Td (collective ) Tj ET Q q 0 0 0 rg BT 236.16 132.05 Td (bar) Tj ET Q q 0 0 0 rg BT 249.68 132.05 Td (gaining ) Tj ET Q q 0 0 0 rg BT 282.74 132.05 Td (agr) Tj ET Q q 0 0 0 rg BT 296.26 132.05 Td (eements; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.00 114.05 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 114.05 Td (exchange ) Tj ET Q q 0 0 0 rg BT 156.25 114.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 174.86 114.05 Td (fluctuations, ) Tj ET Q q 0 0 0 rg BT 227.08 114.05 Td (inter) Tj ET Q q 0 0 0 rg BT 245.60 114.05 Td (est ) Tj ET Q q 0 0 0 rg BT 259.21 114.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 277.82 114.05 Td (changes, ) Tj ET Q q 0 0 0 rg BT 315.58 114.05 Td (cr) Tj ET Q q 0 0 0 rg BT 323.54 114.05 Td (edit ) Tj ET Q q 0 0 0 rg BT 341.04 114.05 Td (risk ) Tj ET Q q 0 0 0 rg BT 358.54 114.05 Td (and ) Tj ET Q q 0 0 0 rg BT 376.04 114.05 Td (other ) Tj ET Q q 0 0 0 rg BT 399.65 114.05 Td (market ) Tj ET Q q 0 0 0 rg BT 429.92 114.05 Td (risks; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.00 96.05 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 96.05 Td (changes ) Tj ET Q q 0 0 0 rg BT 150.71 96.05 Td (in ) Tj ET Q q 0 0 0 rg BT 160.42 96.05 Td (tax, ) Tj ET Q q 0 0 0 rg BT 177.08 96.05 Td (tariff ) Tj ET Q q 0 0 0 rg BT 199.02 96.05 Td (or ) Tj ET Q q 0 0 0 rg BT 209.85 96.05 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 233.46 96.05 Td (policies ) Tj ET Q q 0 0 0 rg BT 266.50 96.05 Td (and ) Tj ET Q q 0 0 0 rg BT 283.44 96.05 Td (r) Tj ET Q q 0 0 0 rg BT 286.96 96.05 Td (egulatory) Tj ET Q q 0 0 0 rg BT 324.73 96.05 Td (, ) Tj ET Q q 0 0 0 rg BT 329.17 96.05 Td (political ) Tj ET Q q 0 0 0 rg BT 364.44 96.05 Td (and ) Tj ET Q q 0 0 0 rg BT 381.38 96.05 Td (labor ) Tj ET Q q 0 0 0 rg BT 404.98 96.05 Td (conditions ) Tj ET Q q 0 0 0 rg BT 448.59 96.05 Td (in ) Tj ET Q q 0 0 0 rg BT 458.30 96.05 Td (the ) Tj ET Q q 0 0 0 rg BT 472.46 96.05 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 524.40 96.05 Td (in ) Tj ET Q q 0 0 0 rg BT 534.12 96.05 Td (which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 84.05 Td (we ) Tj ET Q q 0 0 0 rg BT 129.69 84.05 Td (operate, ) Tj ET Q q 0 0 0 rg BT 165.31 84.05 Td (including ) Tj ET Q q 0 0 0 rg BT 205.66 84.05 Td (possible ) Tj ET Q q 0 0 0 rg BT 241.02 84.05 Td (futur) Tj ET Q q 0 0 0 rg BT 260.10 84.05 Td (e ) Tj ET Q q 0 0 0 rg BT 267.11 84.05 Td (bans ) Tj ET Q q 0 0 0 rg BT 288.58 84.05 Td (of ) Tj ET Q q 0 0 0 rg BT 298.94 84.05 Td (combustion ) Tj ET Q q 0 0 0 rg BT 347.63 84.05 Td (engine ) Tj ET Q q 0 0 0 rg BT 376.86 84.05 Td (cars ) Tj ET Q q 0 0 0 rg BT 396.66 84.05 Td (in ) Tj ET Q q 0 0 0 rg BT 407.02 84.05 Td (cities ) Tj ET Q q 0 0 0 rg BT 430.70 84.05 Td (and ) Tj ET Q q 0 0 0 rg BT 448.28 84.05 Td (the ) Tj ET Q q 0 0 0 rg BT 463.07 84.05 Td (potential ) Tj ET Q q 0 0 0 rg BT 501.20 84.05 Td (advent ) Tj ET Q q 0 0 0 rg BT 530.43 84.05 Td (of ) Tj ET Q q 0 0 0 rg BT 540.79 84.05 Td (self-) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 72.05 Td (driving ) Tj ET Q q 0 0 0 rg BT 147.39 72.05 Td (technologies; ) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 41.20 Td (6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.00 731.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 731.10 Td (our ) Tj ET Q q 0 0 0 rg BT 131.70 731.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 159.06 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 168.65 731.10 Td (ensur) Tj ET Q q 0 0 0 rg BT 190.50 731.10 Td (e ) Tj ET Q q 0 0 0 rg BT 196.75 731.10 Td (that ) Tj ET Q q 0 0 0 rg BT 214.12 731.10 Td (our ) Tj ET Q q 0 0 0 rg BT 229.82 731.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 275.78 731.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 303.70 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.51 731.10 Td (r) Tj ET Q q 0 0 0 rg BT 324.03 731.10 Td (epr) Tj ET Q q 0 0 0 rg BT 336.99 731.10 Td (esentatives ) Tj ET Q q 0 0 0 rg BT 382.67 731.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 413.36 731.10 Td (with ) Tj ET Q q 0 0 0 rg BT 432.39 731.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 476.42 731.10 Td (law ) Tj ET Q q 0 0 0 rg BT 492.68 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.49 731.10 Td (r) Tj ET Q q 0 0 0 rg BT 513.01 731.10 Td (egulations; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.00 713.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.72 713.10 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 171.53 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.81 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 198.20 713.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 240.14 713.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 279.29 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.56 713.10 Td (pr) Tj ET Q q 0 0 0 rg BT 298.08 713.10 Td (otect ) Tj ET Q q 0 0 0 rg BT 320.02 713.10 Td (us ) Tj ET Q q 0 0 0 rg BT 331.41 713.10 Td (against ) Tj ET Q q 0 0 0 rg BT 363.36 713.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 401.41 713.10 Td (losses; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.00 695.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 695.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 154.05 695.10 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 190.43 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.71 695.10 Td (inter) Tj ET Q q 0 0 0 rg BT 219.23 695.10 Td (est ) Tj ET Q q 0 0 0 rg BT 232.84 695.10 Td (due ) Tj ET Q q 0 0 0 rg BT 249.77 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.05 695.10 Td (dir) Tj ET Q q 0 0 0 rg BT 271.35 695.10 Td (ector ) Tj ET Q q 0 0 0 rg BT 294.40 695.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.90 695.10 Td (officer ) Tj ET Q q 0 0 0 rg BT 340.50 695.10 Td (overlaps ) Tj ET Q q 0 0 0 rg BT 377.44 695.10 Td (with ) Tj ET Q q 0 0 0 rg BT 397.17 695.10 Td (our ) Tj ET Q q 0 0 0 rg BT 413.56 695.10 Td (lar) Tj ET Q q 0 0 0 rg BT 424.86 695.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 443.47 695.10 Td (shar) Tj ET Q q 0 0 0 rg BT 460.88 695.10 Td (eholders; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.00 677.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 132.52 677.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 160.70 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.10 677.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 209.29 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.13 677.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 267.31 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.94 677.10 Td (efficient ) Tj ET Q q 0 0 0 rg BT 319.77 677.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 361.28 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.69 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 388.21 677.10 Td (information ) Tj ET Q q 0 0 0 rg BT 438.06 677.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 484.56 677.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 520.24 677.10 Td (including ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 665.10 Td (our ) Tj ET Q q 0 0 0 rg BT 132.39 665.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 160.44 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.72 665.10 Td (defend ) Tj ET Q q 0 0 0 rg BT 199.88 665.10 Td (fr) Tj ET Q q 0 0 0 rg BT 206.18 665.10 Td (om ) Tj ET Q q 0 0 0 rg BT 220.90 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.61 665.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 253.11 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.39 665.10 Td (cyberattacks ) Tj ET Q q 0 0 0 rg BT 316.42 665.10 Td (on ) Tj ET Q q 0 0 0 rg BT 328.92 665.10 Td (our ) Tj ET Q q 0 0 0 rg BT 345.32 665.10 Td (in-vehicle ) Tj ET Q q 0 0 0 rg BT 387.24 665.10 Td (technology; ) Tj ET Q q 0 0 0 rg BT 436.94 665.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.00 647.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.00 647.10 Td (other ) Tj ET Q q 0 0 0 rg BT 139.61 647.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 169.89 647.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 210.72 647.10 Td (elsewher) Tj ET Q q 0 0 0 rg BT 245.89 647.10 Td (e ) Tj ET Q q 0 0 0 rg BT 252.83 647.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.11 647.10 Td (this ) Tj ET Q q 0 0 0 rg BT 280.06 647.10 Td (document. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 96.00 625.10 Td (W) Tj ET Q q 0 0 0 rg BT 103.41 625.10 Td (e ) Tj ET Q q 0 0 0 rg BT 110.90 625.10 Td (expr) Tj ET Q q 0 0 0 rg BT 128.29 625.10 Td (essly ) Tj ET Q q 0 0 0 rg BT 150.78 625.10 Td (disclaim ) Tj ET Q q 0 0 0 rg BT 187.71 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.76 625.10 Td (do ) Tj ET Q q 0 0 0 rg BT 218.81 625.10 Td (not ) Tj ET Q q 0 0 0 rg BT 234.63 625.10 Td (assume ) Tj ET Q q 0 0 0 rg BT 267.12 625.10 Td (any ) Tj ET Q q 0 0 0 rg BT 284.61 625.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 318.76 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.59 625.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 376.51 625.10 Td (with ) Tj ET Q q 0 0 0 rg BT 396.78 625.10 Td (any ) Tj ET Q q 0 0 0 rg BT 414.27 625.10 Td (inaccuracies ) Tj ET Q q 0 0 0 rg BT 468.41 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.23 625.10 Td (any ) Tj ET Q q 0 0 0 rg BT 496.72 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.54 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.81 625.10 Td (forwar) Tj ET Q q 0 0 0 rg BT 549.67 625.10 Td (d-) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 613.10 Td (looking ) Tj ET Q q 0 0 0 rg BT 86.05 613.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 130.33 613.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.17 613.10 Td (this ) Tj ET Q q 0 0 0 rg BT 156.68 613.10 Td (document ) Tj ET Q q 0 0 0 rg BT 197.61 613.10 Td (or ) Tj ET Q q 0 0 0 rg BT 208.56 613.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.40 613.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 264.33 613.10 Td (with ) Tj ET Q q 0 0 0 rg BT 283.62 613.10 Td (any ) Tj ET Q q 0 0 0 rg BT 300.12 613.10 Td (use ) Tj ET Q q 0 0 0 rg BT 315.51 613.10 Td (by ) Tj ET Q q 0 0 0 rg BT 327.01 613.10 Td (any ) Tj ET Q q 0 0 0 rg BT 343.50 613.10 Td (thir) Tj ET Q q 0 0 0 rg BT 357.58 613.10 Td (d ) Tj ET Q q 0 0 0 rg BT 364.64 613.10 Td (party ) Tj ET Q q 0 0 0 rg BT 387.81 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.65 613.10 Td (such ) Tj ET Q q 0 0 0 rg BT 418.04 613.10 Td (forwar) Tj ET Q q 0 0 0 rg BT 444.90 613.10 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 485.28 613.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 531.91 613.10 Td (Actual ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 601.10 Td (r) Tj ET Q q 0 0 0 rg BT 57.52 601.10 Td (esults ) Tj ET Q q 0 0 0 rg BT 82.57 601.10 Td (could ) Tj ET Q q 0 0 0 rg BT 107.05 601.10 Td (differ ) Tj ET Q q 0 0 0 rg BT 130.99 601.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 174.36 601.10 Td (fr) Tj ET Q q 0 0 0 rg BT 180.66 601.10 Td (om ) Tj ET Q q 0 0 0 rg BT 195.15 601.10 Td (those ) Tj ET Q q 0 0 0 rg BT 218.53 601.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 265.79 601.10 Td (in ) Tj ET Q q 0 0 0 rg BT 275.84 601.10 Td (such ) Tj ET Q q 0 0 0 rg BT 296.44 601.10 Td (forwar) Tj ET Q q 0 0 0 rg BT 323.30 601.10 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 363.89 601.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 410.88 601.10 Td (W) Tj ET Q q 0 0 0 rg BT 418.29 601.10 Td (e ) Tj ET Q q 0 0 0 rg BT 425.00 601.10 Td (do ) Tj ET Q q 0 0 0 rg BT 437.27 601.10 Td (not ) Tj ET Q q 0 0 0 rg BT 452.32 601.10 Td (undertake ) Tj ET Q q 0 0 0 rg BT 494.57 601.10 Td (an ) Tj ET Q q 0 0 0 rg BT 506.84 601.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 550.22 601.10 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 589.10 Td (update ) Tj ET Q q 0 0 0 rg BT 83.72 589.10 Td (or ) Tj ET Q q 0 0 0 rg BT 95.11 589.10 Td (r) Tj ET Q q 0 0 0 rg BT 98.63 589.10 Td (evise ) Tj ET Q q 0 0 0 rg BT 121.11 589.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 155.83 589.10 Td (any ) Tj ET Q q 0 0 0 rg BT 172.76 589.10 Td (forwar) Tj ET Q q 0 0 0 rg BT 199.63 589.10 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 240.45 589.10 Td (statements.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 41.20 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 731.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 102.89 731.25 Td ( Financial Measur) Tj ET Q q 0 0 0 rg BT 180.48 731.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 707.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 707.25 Td (W) Tj ET Q q 0 0 0 rg BT 98.64 707.25 Td (e ) Tj ET Q q 0 0 0 rg BT 107.47 707.25 Td (monitor ) Tj ET Q q 0 0 0 rg BT 143.53 707.25 Td (and ) Tj ET Q q 0 0 0 rg BT 162.36 707.25 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 200.06 707.25 Td (our ) Tj ET Q q 0 0 0 rg BT 217.79 707.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 259.95 707.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.78 707.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 318.15 707.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 373.07 707.25 Td (using ) Tj ET Q q 0 0 0 rg BT 399.13 707.25 Td (several ) Tj ET Q q 0 0 0 rg BT 431.84 707.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 477.03 707.25 Td ( ) Tj ET Q q 0 0 0 rg BT 481.42 707.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 520.79 707.25 Td (measures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 695.25 Td (including: ) Tj ET Q q 0 0 0 rg BT 96.31 695.25 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 136.84 695.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 174.71 695.25 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 215.24 695.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 253.10 695.25 Td (EBIT) Tj ET Q q 0 0 0 rg BT 274.58 695.25 Td (, ) Tj ET Q q 0 0 0 rg BT 278.45 695.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 316.31 695.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 332.51 695.25 Td (Profit, ) Tj ET Q q 0 0 0 rg BT 359.16 695.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 397.02 695.25 Td (Basic ) Tj ET Q q 0 0 0 rg BT 421.00 695.25 Td (and ) Tj ET Q q 0 0 0 rg BT 437.19 695.25 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 468.95 695.25 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 506.25 695.25 Td (per ) Tj ET Q q 0 0 0 rg BT 520.78 695.25 Td (Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 683.25 Td (Share, ) Tj ET Q q 0 0 0 rg BT 82.17 683.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 99.50 683.25 Td (Debt, ) Tj ET Q q 0 0 0 rg BT 124.34 683.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 141.68 683.25 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 182.90 683.25 Td (Debt, ) Tj ET Q q 0 0 0 rg BT 207.74 683.25 Td (Free ) Tj ET Q q 0 0 0 rg BT 228.40 683.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 251.30 683.25 Td (Flow ) Tj ET Q q 0 0 0 rg BT 274.76 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 292.10 683.25 Td (Free ) Tj ET Q q 0 0 0 rg BT 312.76 683.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 335.66 683.25 Td (Flow ) Tj ET Q q 0 0 0 rg BT 359.12 683.25 Td (from ) Tj ET Q q 0 0 0 rg BT 381.46 683.25 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 422.04 683.25 Td (Activities, ) Tj ET Q q 0 0 0 rg BT 466.32 683.25 Td (as ) Tj ET Q q 0 0 0 rg BT 477.55 683.25 Td (well ) Tj ET Q q 0 0 0 rg BT 497.66 683.25 Td (as ) Tj ET Q q 0 0 0 rg BT 508.89 683.25 Td (a ) Tj ET Q q 0 0 0 rg BT 516.23 683.25 Td (number ) Tj ET Q q 0 0 0 rg BT 549.67 683.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 91.88 671.25 Td (metrics ) Tj ET Q q 0 0 0 rg BT 124.21 671.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 165.43 671.25 Td (on ) Tj ET Q q 0 0 0 rg BT 178.33 671.25 Td (a ) Tj ET Q q 0 0 0 rg BT 185.67 671.25 Td (constant ) Tj ET Q q 0 0 0 rg BT 221.90 671.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 259.77 671.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 284.96 671.25 Td (W) Tj ET Q q 0 0 0 rg BT 293.60 671.25 Td (e ) Tj ET Q q 0 0 0 rg BT 300.94 671.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 332.71 671.25 Td (that ) Tj ET Q q 0 0 0 rg BT 350.61 671.25 Td (these ) Tj ET Q q 0 0 0 rg BT 374.05 671.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 419.24 671.25 Td ( ) Tj ET Q q 0 0 0 rg BT 422.14 671.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 460.02 671.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 500.13 671.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 533.58 671.25 Td (useful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 659.25 Td (and ) Tj ET Q q 0 0 0 rg BT 70.91 659.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 105.58 659.25 Td (information ) Tj ET Q q 0 0 0 rg BT 155.25 659.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 196.04 659.25 Td (our ) Tj ET Q q 0 0 0 rg BT 211.83 659.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 264.82 659.25 Td (and ) Tj ET Q q 0 0 0 rg BT 281.73 659.25 Td (our ) Tj ET Q q 0 0 0 rg BT 297.53 659.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 325.55 659.25 Td (to ) Tj ET Q q 0 0 0 rg BT 335.79 659.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 362.70 659.25 Td (our ) Tj ET Q q 0 0 0 rg BT 378.50 659.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 415.95 659.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 468.94 659.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.84 659.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 523.29 659.25 Td (position. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 647.25 Td (They ) Tj ET Q q 0 0 0 rg BT 77.39 647.25 Td (also ) Tj ET Q q 0 0 0 rg BT 96.34 647.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 129.73 647.25 Td (us ) Tj ET Q q 0 0 0 rg BT 141.47 647.25 Td (with ) Tj ET Q q 0 0 0 rg BT 162.09 647.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 211.57 647.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 251.62 647.25 Td (that ) Tj ET Q q 0 0 0 rg BT 269.46 647.25 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 307.28 647.25 Td (management) Tj ET Q q 0 0 0 rg BT 361.15 647.25 Td (s ) Tj ET Q q 0 0 0 rg BT 367.88 647.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 396.28 647.25 Td (to ) Tj ET Q q 0 0 0 rg BT 406.90 647.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 440.85 647.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 488.67 647.25 Td (trends, ) Tj ET Q q 0 0 0 rg BT 518.45 647.25 Td (as ) Tj ET Q q 0 0 0 rg BT 529.62 647.25 Td (well ) Tj ET Q q 0 0 0 rg BT 549.68 647.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 635.25 Td (make ) Tj ET Q q 0 0 0 rg BT 78.95 635.25 Td (decisions ) Tj ET Q q 0 0 0 rg BT 119.45 635.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 161.06 635.25 Td (future ) Tj ET Q q 0 0 0 rg BT 188.23 635.25 Td (spending, ) Tj ET Q q 0 0 0 rg BT 230.13 635.25 Td (resource ) Tj ET Q q 0 0 0 rg BT 267.29 635.25 Td (allocations ) Tj ET Q q 0 0 0 rg BT 313.90 635.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.63 635.25 Td (other ) Tj ET Q q 0 0 0 rg BT 355.46 635.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 403.74 635.25 Td (decisions. ) Tj ET Q q 0 0 0 rg BT 446.51 635.25 Td (While ) Tj ET Q q 0 0 0 rg BT 474.23 635.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 505.30 635.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 545.79 635.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 623.25 Td (widely ) Tj ET Q q 0 0 0 rg BT 83.60 623.25 Td (used ) Tj ET Q q 0 0 0 rg BT 104.31 623.25 Td (in ) Tj ET Q q 0 0 0 rg BT 114.47 623.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.06 623.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 164.22 623.25 Td (in ) Tj ET Q q 0 0 0 rg BT 174.38 623.25 Td (which ) Tj ET Q q 0 0 0 rg BT 201.20 623.25 Td (we ) Tj ET Q q 0 0 0 rg BT 215.24 623.25 Td (operate, ) Tj ET Q q 0 0 0 rg BT 249.54 623.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.14 623.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 301.50 623.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 341.09 623.25 Td (we ) Tj ET Q q 0 0 0 rg BT 355.13 623.25 Td (use ) Tj ET Q q 0 0 0 rg BT 370.84 623.25 Td (may ) Tj ET Q q 0 0 0 rg BT 390.44 623.25 Td (not ) Tj ET Q q 0 0 0 rg BT 405.60 623.25 Td (be ) Tj ET Q q 0 0 0 rg BT 417.42 623.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 466.44 623.25 Td (to ) Tj ET Q q 0 0 0 rg BT 476.60 623.25 Td (other ) Tj ET Q q 0 0 0 rg BT 499.52 623.25 Td (similarly ) Tj ET Q q 0 0 0 rg BT 537.45 623.25 Td (titled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 611.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 94.12 611.25 Td (used ) Tj ET Q q 0 0 0 rg BT 115.37 611.25 Td (by ) Tj ET Q q 0 0 0 rg BT 128.29 611.25 Td (other ) Tj ET Q q 0 0 0 rg BT 151.75 611.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 197.44 611.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 213.68 611.25 Td (are ) Tj ET Q q 0 0 0 rg BT 228.81 611.25 Td (they ) Tj ET Q q 0 0 0 rg BT 248.94 611.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 286.29 611.25 Td (to ) Tj ET Q q 0 0 0 rg BT 296.99 611.25 Td (be ) Tj ET Q q 0 0 0 rg BT 309.34 611.25 Td (substitutes ) Tj ET Q q 0 0 0 rg BT 354.49 611.25 Td (for ) Tj ET Q q 0 0 0 rg BT 369.07 611.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 409.19 611.25 Td (of ) Tj ET Q q 0 0 0 rg BT 420.44 611.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 458.34 611.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 511.78 611.25 Td (or ) Tj ET Q q 0 0 0 rg BT 523.02 611.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 599.25 Td (position ) Tj ET Q q 0 0 0 rg BT 88.73 599.25 Td (as ) Tj ET Q q 0 0 0 rg BT 99.56 599.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 137.03 599.25 Td (in ) Tj ET Q q 0 0 0 rg BT 147.31 599.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 194.77 599.25 Td (with ) Tj ET Q q 0 0 0 rg BT 215.05 599.25 Td (IFRS.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 575.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 88.26 575.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.76 575.25 Td (and ) Tj ET Q q 0 0 0 rg BT 108.08 575.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 145.57 575.25 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 551.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 551.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 126.11 551.25 Td ( ) Tj ET Q q 0 0 0 rg BT 128.36 551.25 Td (is ) Tj ET Q q 0 0 0 rg BT 137.27 551.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 169.51 551.25 Td (as ) Tj ET Q q 0 0 0 rg BT 180.08 551.25 Td (net ) Tj ET Q q 0 0 0 rg BT 194.55 551.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 219.01 551.25 Td (before ) Tj ET Q q 0 0 0 rg BT 246.80 551.25 Td (income ) Tj ET Q q 0 0 0 rg BT 278.48 551.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 292.94 551.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 329.90 551.25 Td (net ) Tj ET Q q 0 0 0 rg BT 344.36 551.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 381.59 551.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 419.94 551.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.62 551.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 488.29 551.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.97 551.25 Td (amortization. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 539.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 92.04 539.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 128.15 539.25 Td ( ) Tj ET Q q 0 0 0 rg BT 130.08 539.25 Td (is ) Tj ET Q q 0 0 0 rg BT 138.68 539.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 170.59 539.25 Td (as ) Tj ET Q q 0 0 0 rg BT 180.85 539.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 216.96 539.25 Td ( ) Tj ET Q q 0 0 0 rg BT 218.89 539.25 Td (as ) Tj ET Q q 0 0 0 rg BT 229.15 539.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 264.41 539.25 Td (for ) Tj ET Q q 0 0 0 rg BT 278.00 539.25 Td (income ) Tj ET Q q 0 0 0 rg BT 309.36 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.73 539.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 350.16 539.25 Td (which ) Tj ET Q q 0 0 0 rg BT 376.53 539.25 Td (are ) Tj ET Q q 0 0 0 rg BT 390.67 539.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 434.81 539.25 Td (in ) Tj ET Q q 0 0 0 rg BT 444.52 539.25 Td (nature, ) Tj ET Q q 0 0 0 rg BT 473.93 539.25 Td (but ) Tj ET Q q 0 0 0 rg BT 488.64 539.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 526.10 539.25 Td (to ) Tj ET Q q 0 0 0 rg BT 535.81 539.25 Td (occur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 527.25 Td (infrequently) Tj ET Q q 0 0 0 rg BT 102.22 527.25 Td (. ) Tj ET Q q 0 0 0 rg BT 106.53 527.25 Td (The ) Tj ET Q q 0 0 0 rg BT 124.03 527.25 Td (following ) Tj ET Q q 0 0 0 rg BT 164.86 527.25 Td (table ) Tj ET Q q 0 0 0 rg BT 186.25 527.25 Td (sets ) Tj ET Q q 0 0 0 rg BT 203.20 527.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 224.59 527.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.75 527.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 284.57 527.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.85 527.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 330.96 527.25 Td ( ) Tj ET Q q 0 0 0 rg BT 332.91 527.25 Td (and ) Tj ET Q q 0 0 0 rg BT 348.86 527.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 386.92 527.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 423.03 527.25 Td ( ) Tj ET Q q 0 0 0 rg BT 424.98 527.25 Td (for ) Tj ET Q q 0 0 0 rg BT 438.59 527.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.76 527.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.74 527.25 Td ( ) Tj ET Q q 0 0 0 rg BT 474.69 527.25 Td (months ) Tj ET Q q 0 0 0 rg BT 506.09 527.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.92 527.25 Td (March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 515.25 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 515.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.98 515.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.98 515.25 Td ( ) Tj ET Q q 0 0 0 rg BT 89.46 515.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.38 515.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.38 515.25 Td (, ) Tj ET Q q 0 0 0 rg BT 129.36 515.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.27 515.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 181.19 515.25 Td (a ) Tj ET Q q 0 0 0 rg BT 187.11 515.25 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 243.57 515.25 Td (of ) Tj ET Q q 0 0 0 rg BT 253.38 515.25 Td (these ) Tj ET Q q 0 0 0 rg BT 275.40 515.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 320.59 515.25 Td ( ) Tj ET Q q 0 0 0 rg BT 322.07 515.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 360.75 515.25 Td (to ) Tj ET Q q 0 0 0 rg BT 370.01 515.25 Td (net ) Tj ET Q q 0 0 0 rg BT 383.71 515.25 Td (profit. ) Tj ET Q q 0 0 0 rg BT 409.90 515.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 446.01 515.25 Td ( ) Tj ET Q q 0 0 0 rg BT 447.49 515.25 Td (is ) Tj ET Q q 0 0 0 rg BT 455.64 515.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 495.44 515.25 Td (by ) Tj ET Q q 0 0 0 rg BT 506.92 515.25 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 503.25 Td (to ) Tj ET Q q 0 0 0 rg BT 65.25 503.25 Td (aid ) Tj ET Q q 0 0 0 rg BT 80.95 503.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 120.53 503.25 Td (in ) Tj ET Q q 0 0 0 rg BT 131.79 503.25 Td (their ) Tj ET Q q 0 0 0 rg BT 153.59 503.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 189.28 503.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.09 503.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.78 503.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 270.78 503.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.59 503.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.28 503.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 327.31 503.25 Td (and ) Tj ET Q q 0 0 0 rg BT 345.23 503.25 Td (to ) Tj ET Q q 0 0 0 rg BT 356.48 503.25 Td (assist ) Tj ET Q q 0 0 0 rg BT 381.63 503.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 421.21 503.25 Td (in ) Tj ET Q q 0 0 0 rg BT 432.47 503.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.16 503.25 Td (comparison ) Tj ET Q q 0 0 0 rg BT 498.29 503.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.10 503.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.79 503.25 Td (Group) Tj ET Q q 0 0 0 rg BT 554.12 503.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 491.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 107.86 491.25 Td (with ) Tj ET Q q 0 0 0 rg BT 128.99 491.25 Td (that ) Tj ET Q q 0 0 0 rg BT 147.32 491.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.00 491.25 Td (other ) Tj ET Q q 0 0 0 rg BT 182.88 491.25 Td (companies. ) Tj ET Q q 0 0 0 rg BT 230.75 491.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 270.20 491.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 306.31 491.25 Td ( ) Tj ET Q q 0 0 0 rg BT 309.65 491.25 Td (is ) Tj ET Q q 0 0 0 rg BT 319.67 491.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 361.32 491.25 Td (to ) Tj ET Q q 0 0 0 rg BT 372.44 491.25 Td (demonstrate ) Tj ET Q q 0 0 0 rg BT 424.66 491.25 Td (how ) Tj ET Q q 0 0 0 rg BT 445.22 491.25 Td (the ) Tj ET Q q 0 0 0 rg BT 460.78 491.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 507.45 491.25 Td (business ) Tj ET Q q 0 0 0 rg BT 544.68 491.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 479.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 98.39 479.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 120.58 479.25 Td (to ) Tj ET Q q 0 0 0 rg BT 131.10 479.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.06 479.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 176.02 479.25 Td (of ) Tj ET Q q 0 0 0 rg BT 187.09 479.25 Td (the ) Tj ET Q q 0 0 0 rg BT 202.06 479.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 238.13 479.25 Td (items, ) Tj ET Q q 0 0 0 rg BT 265.04 479.25 Td (which ) Tj ET Q q 0 0 0 rg BT 292.22 479.25 Td (may ) Tj ET Q q 0 0 0 rg BT 312.19 479.25 Td (obscure ) Tj ET Q q 0 0 0 rg BT 346.03 479.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 392.10 479.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 445.37 479.25 Td (and ) Tj ET Q q 0 0 0 rg BT 462.55 479.25 Td (impair ) Tj ET Q q 0 0 0 rg BT 491.40 479.25 Td (comparability ) Tj ET Q q 0 0 0 rg BT 549.68 479.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 467.25 Td (results ) Tj ET Q q 0 0 0 rg BT 82.61 467.25 Td (between ) Tj ET Q q 0 0 0 rg BT 118.42 467.25 Td (periods.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.00 401.75 345.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 401.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 401.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 401.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.00 373.75 345.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 373.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 373.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 373.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.00 345.75 345.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 345.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 345.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 345.75 77.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 430.75 m 476 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 430.75 m 480 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 430.75 m 557 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 430.75 m 476 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 416.75 m 476 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 430.75 m 480 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 430.75 m 557 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 416.75 m 557 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 416.75 m 476 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 416.75 m 557 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 331.75 m 476 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 331.75 m 557 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 331.75 m 476 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 318.75 m 476 318.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 316.75 m 476 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 331.75 m 557 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 318.75 m 557 318.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 316.75 m 557 316.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.60 436.15 Td (For) Tj ET Q q 0 0 0 rg BT 419.43 436.15 Td ( the thr) Tj ET Q q 0 0 0 rg BT 447.76 436.15 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 530.84 436.15 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.00 421.20 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.00 421.20 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.10 406.21 Td (\( million\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.50 392.21 Td (Net profit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 392.21 Td (149) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.00 392.21 Td (124) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.50 378.21 Td (Income tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.50 378.21 Td (57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.50 378.21 Td (49) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.50 364.21 Td (Net financial expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 364.21 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 364.21 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.50 350.21 Td (Amortization and depreciation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.50 350.21 Td (62) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.50 350.21 Td (65) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.50 336.20 Td (EBITDA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.00 336.20 Td (272) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.00 336.20 Td (242) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.50 322.20 Td (Adjusted EBITDA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.00 322.20 Td (272) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.00 322.20 Td (242) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 294.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 91.50 294.25 Td (EBIT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 270.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 270.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 128.06 270.25 Td (EBIT) Tj ET Q q 0 0 0 rg BT 150.10 270.25 Td ( ) Tj ET Q q 0 0 0 rg BT 152.05 270.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 194.55 270.25 Td (EBIT) Tj ET Q q 0 0 0 rg BT 216.58 270.25 Td ( ) Tj ET Q q 0 0 0 rg BT 218.54 270.25 Td (as ) Tj ET Q q 0 0 0 rg BT 228.82 270.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 264.10 270.25 Td (for ) Tj ET Q q 0 0 0 rg BT 277.72 270.25 Td (income ) Tj ET Q q 0 0 0 rg BT 309.10 270.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.50 270.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 349.95 270.25 Td (which ) Tj ET Q q 0 0 0 rg BT 376.34 270.25 Td (are ) Tj ET Q q 0 0 0 rg BT 390.51 270.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 434.67 270.25 Td (in ) Tj ET Q q 0 0 0 rg BT 444.41 270.25 Td (nature, ) Tj ET Q q 0 0 0 rg BT 473.85 270.25 Td (but ) Tj ET Q q 0 0 0 rg BT 488.58 270.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 526.06 270.25 Td (to ) Tj ET Q q 0 0 0 rg BT 535.80 270.25 Td (occur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 258.25 Td (infrequently) Tj ET Q q 0 0 0 rg BT 102.22 258.25 Td (. ) Tj ET Q q 0 0 0 rg BT 106.86 258.25 Td (W) Tj ET Q q 0 0 0 rg BT 115.50 258.25 Td (e ) Tj ET Q q 0 0 0 rg BT 122.24 258.25 Td (present ) Tj ET Q q 0 0 0 rg BT 153.43 258.25 Td (such ) Tj ET Q q 0 0 0 rg BT 174.06 258.25 Td (information ) Tj ET Q q 0 0 0 rg BT 223.58 258.25 Td (in ) Tj ET Q q 0 0 0 rg BT 233.67 258.25 Td (order ) Tj ET Q q 0 0 0 rg BT 257.07 258.25 Td (to ) Tj ET Q q 0 0 0 rg BT 267.16 258.25 Td (present ) Tj ET Q q 0 0 0 rg BT 298.34 258.25 Td (how ) Tj ET Q q 0 0 0 rg BT 317.87 258.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.39 258.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 378.02 258.25 Td (business ) Tj ET Q q 0 0 0 rg BT 414.22 258.25 Td (has ) Tj ET Q q 0 0 0 rg BT 429.85 258.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 473.81 258.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 495.55 258.25 Td (to ) Tj ET Q q 0 0 0 rg BT 505.64 258.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.16 258.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 549.68 258.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 246.25 Td (such ) Tj ET Q q 0 0 0 rg BT 74.37 246.25 Td (items, ) Tj ET Q q 0 0 0 rg BT 100.58 246.25 Td (which ) Tj ET Q q 0 0 0 rg BT 127.05 246.25 Td (may ) Tj ET Q q 0 0 0 rg BT 146.31 246.25 Td (obscure ) Tj ET Q q 0 0 0 rg BT 179.45 246.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 224.81 246.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 277.38 246.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.86 246.25 Td (impair ) Tj ET Q q 0 0 0 rg BT 322.00 246.25 Td (comparability ) Tj ET Q q 0 0 0 rg BT 379.58 246.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.95 246.25 Td (results ) Tj ET Q q 0 0 0 rg BT 418.09 246.25 Td (between ) Tj ET Q q 0 0 0 rg BT 453.45 246.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.71 246.25 Td (periods. ) Tj ET Q q 0 0 0 rg BT 501.54 246.25 Td (The ) Tj ET Q q 0 0 0 rg BT 519.13 246.25 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 234.25 Td (table ) Tj ET Q q 0 0 0 rg BT 75.93 234.25 Td (sets ) Tj ET Q q 0 0 0 rg BT 93.43 234.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 115.37 234.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.09 234.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 176.46 234.25 Td (of ) Tj ET Q q 0 0 0 rg BT 186.73 234.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 225.34 234.25 Td (EBIT) Tj ET Q q 0 0 0 rg BT 247.38 234.25 Td ( ) Tj ET Q q 0 0 0 rg BT 249.88 234.25 Td (for ) Tj ET Q q 0 0 0 rg BT 264.04 234.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.76 234.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.74 234.25 Td ( ) Tj ET Q q 0 0 0 rg BT 301.24 234.25 Td (months ) Tj ET Q q 0 0 0 rg BT 333.19 234.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.57 234.25 Td (March ) Tj ET Q q 0 0 0 rg BT 388.17 234.25 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.67 234.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.17 234.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.17 234.25 Td ( ) Tj ET Q q 0 0 0 rg BT 425.67 234.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.60 234.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.60 234.25 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 159.75 348.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 159.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 159.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 159.75 76.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 188.75 m 477.5 188.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 188.75 m 481.5 188.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 188.75 m 557.5 188.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 188.75 m 477.5 188.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 174.75 m 477.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 188.75 m 481.5 188.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 188.75 m 557.5 188.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 174.75 m 557.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 174.75 m 477.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 174.75 m 557.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 145.75 m 477.5 145.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 132.75 m 477.5 132.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 130.75 m 477.5 130.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 145.75 m 557.5 145.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 132.75 m 557.5 132.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 130.75 m 557.5 130.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 413.85 202.20 Td (For) Tj ET Q q 0 0 0 rg BT 427.68 202.20 Td ( the thr) Tj ET Q q 0 0 0 rg BT 456.01 202.20 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 539.09 202.20 Td (ch) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.35 193.20 Td (31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.00 179.20 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.00 179.20 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.60 164.21 Td (\( million\)) Tj ET Q BT /F2 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 156.30 21.43 -8.04 re f /GS0 gs q 0 0 0 rg BT 56.00 150.20 Td (EBIT) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.50 150.20 Td (210) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.50 150.20 Td (177) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 136.20 Td (Adjusted EBIT) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.50 136.20 Td (210) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.50 136.20 Td (177) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 41.20 Td (8) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 731.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 91.50 731.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 107.88 731.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 117.51 731.10 Td (ofit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 707.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 707.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 128.81 707.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 145.96 707.10 Td (Profit ) Tj ET Q q 0 0 0 rg BT 171.44 707.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 214.68 707.10 Td (net ) Tj ET Q q 0 0 0 rg BT 229.60 707.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 254.53 707.10 Td (as ) Tj ET Q q 0 0 0 rg BT 265.56 707.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 301.59 707.10 Td (for ) Tj ET Q q 0 0 0 rg BT 315.96 707.10 Td (income ) Tj ET Q q 0 0 0 rg BT 348.10 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.24 707.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 387.94 707.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 406.20 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.23 707.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 432.15 707.10 Td (ef) Tj ET Q q 0 0 0 rg BT 439.74 707.10 Td (fect\), ) Tj ET Q q 0 0 0 rg BT 463.26 707.10 Td (which ) Tj ET Q q 0 0 0 rg BT 490.41 707.10 Td (are ) Tj ET Q q 0 0 0 rg BT 505.32 707.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 550.23 707.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 695.10 Td (nature, ) Tj ET Q q 0 0 0 rg BT 84.52 695.10 Td (but ) Tj ET Q q 0 0 0 rg BT 100.34 695.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 138.91 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.73 695.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 174.98 695.10 Td (infrequently) Tj ET Q q 0 0 0 rg BT 223.20 695.10 Td (. ) Tj ET Q q 0 0 0 rg BT 228.52 695.10 Td (W) Tj ET Q q 0 0 0 rg BT 237.16 695.10 Td (e ) Tj ET Q q 0 0 0 rg BT 244.64 695.10 Td (present ) Tj ET Q q 0 0 0 rg BT 276.55 695.10 Td (such ) Tj ET Q q 0 0 0 rg BT 297.92 695.10 Td (information ) Tj ET Q q 0 0 0 rg BT 348.17 695.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.99 695.10 Td (order ) Tj ET Q q 0 0 0 rg BT 383.13 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.95 695.10 Td (present ) Tj ET Q q 0 0 0 rg BT 425.87 695.10 Td (how ) Tj ET Q q 0 0 0 rg BT 446.13 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.38 695.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 507.75 695.10 Td (business ) Tj ET Q q 0 0 0 rg BT 544.68 695.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 683.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 98.46 683.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 120.70 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.29 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.32 683.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 176.34 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.48 683.10 Td (such ) Tj ET Q q 0 0 0 rg BT 208.62 683.10 Td (items, ) Tj ET Q q 0 0 0 rg BT 235.60 683.10 Td (which ) Tj ET Q q 0 0 0 rg BT 262.85 683.10 Td (may ) Tj ET Q q 0 0 0 rg BT 282.87 683.10 Td (obscure ) Tj ET Q q 0 0 0 rg BT 316.78 683.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 362.92 683.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 416.25 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 433.50 683.10 Td (impair ) Tj ET Q q 0 0 0 rg BT 462.41 683.10 Td (comparability ) Tj ET Q q 0 0 0 rg BT 520.76 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.90 683.10 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.10 Td (between ) Tj ET Q q 0 0 0 rg BT 89.58 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.07 671.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 138.11 671.10 Td (The ) Tj ET Q q 0 0 0 rg BT 155.93 671.10 Td (following ) Tj ET Q q 0 0 0 rg BT 197.08 671.10 Td (table ) Tj ET Q q 0 0 0 rg BT 218.78 671.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 236.05 671.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 257.76 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.24 671.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 318.38 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.47 671.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 366.85 671.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 383.56 671.10 Td (Profit ) Tj ET Q q 0 0 0 rg BT 408.60 671.10 Td (for ) Tj ET Q q 0 0 0 rg BT 422.53 671.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.02 671.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 671.10 Td ( ) Tj ET Q q 0 0 0 rg BT 459.27 671.10 Td (months ) Tj ET Q q 0 0 0 rg BT 490.99 671.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.13 671.10 Td (March ) Tj ET Q q 0 0 0 rg BT 545.50 671.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 671.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 659.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 659.10 Td ( ) Tj ET Q q 0 0 0 rg BT 76.50 659.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.44 659.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.44 659.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 585.60 348.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 585.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 585.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 585.60 76.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 613.6 m 477.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 613.6 m 481.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 613.6 m 557.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 613.6 m 477.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 599.6 m 477.5 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 613.6 m 481.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 613.6 m 557.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 599.6 m 557.5 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 599.6 m 477.5 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 599.6 m 557.5 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 571.6 m 477.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 558.6 m 477.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 556.6 m 477.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 571.6 m 557.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 558.6 m 557.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 556.6 m 557.5 556.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 413.85 628.00 Td (For) Tj ET Q q 0 0 0 rg BT 427.68 628.00 Td ( the thr) Tj ET Q q 0 0 0 rg BT 456.01 628.00 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 539.09 628.00 Td (ch) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.35 619.00 Td (31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.00 604.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.00 604.05 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.60 590.06 Td (\( million\)) Tj ET Q BT /F2 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 582.15 39.82 -8.04 re f /GS0 gs q 0 0 0 rg BT 56.00 576.05 Td (Net pr) Tj ET Q q 0 0 0 rg BT 80.58 576.05 Td (ofit ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.50 576.05 Td (149) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.50 576.05 Td (124) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 562.05 Td (Adjusted Net Pr) Tj ET Q q 0 0 0 rg BT 118.33 562.05 Td (ofit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.50 562.05 Td (149) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.50 562.05 Td (124) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 534.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 91.50 534.10 Td (Basic ) Tj ET Q q 0 0 0 rg BT 116.21 534.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.71 534.10 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 166.21 534.10 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 205.38 534.10 Td (per ) Tj ET Q q 0 0 0 rg BT 221.21 534.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 259.82 534.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 278.34 534.10 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 510.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 510.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 129.17 510.10 Td (Basic ) Tj ET Q q 0 0 0 rg BT 154.45 510.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.95 510.10 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 205.00 510.10 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 243.61 510.10 Td (per ) Tj ET Q q 0 0 0 rg BT 259.44 510.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 299.72 510.10 Td (Share ) Tj ET Q q 0 0 0 rg BT 325.55 510.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 369.15 510.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 406.09 510.10 Td (per ) Tj ET Q q 0 0 0 rg BT 421.92 510.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 448.58 510.10 Td (as ) Tj ET Q q 0 0 0 rg BT 459.97 510.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 496.35 510.10 Td (for ) Tj ET Q q 0 0 0 rg BT 511.07 510.10 Td (income ) Tj ET Q q 0 0 0 rg BT 543.57 510.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 498.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 76.01 498.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 93.56 498.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.90 498.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 118.12 498.10 Td (ef) Tj ET Q q 0 0 0 rg BT 125.71 498.10 Td (fect\), ) Tj ET Q q 0 0 0 rg BT 148.53 498.10 Td (which ) Tj ET Q q 0 0 0 rg BT 174.98 498.10 Td (are ) Tj ET Q q 0 0 0 rg BT 189.19 498.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 233.41 498.10 Td (in ) Tj ET Q q 0 0 0 rg BT 243.19 498.10 Td (nature, ) Tj ET Q q 0 0 0 rg BT 272.69 498.10 Td (but ) Tj ET Q q 0 0 0 rg BT 287.47 498.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 325.01 498.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.80 498.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 359.01 498.10 Td (infrequently) Tj ET Q q 0 0 0 rg BT 407.23 498.10 Td (. ) Tj ET Q q 0 0 0 rg BT 411.59 498.10 Td (W) Tj ET Q q 0 0 0 rg BT 420.23 498.10 Td (e ) Tj ET Q q 0 0 0 rg BT 426.68 498.10 Td (present ) Tj ET Q q 0 0 0 rg BT 457.56 498.10 Td (such ) Tj ET Q q 0 0 0 rg BT 477.90 498.10 Td (information ) Tj ET Q q 0 0 0 rg BT 527.12 498.10 Td (in ) Tj ET Q q 0 0 0 rg BT 536.90 498.10 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 486.10 Td (to ) Tj ET Q q 0 0 0 rg BT 65.79 486.10 Td (present ) Tj ET Q q 0 0 0 rg BT 98.67 486.10 Td (how ) Tj ET Q q 0 0 0 rg BT 119.90 486.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.13 486.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 183.47 486.10 Td (business ) Tj ET Q q 0 0 0 rg BT 221.37 486.10 Td (has ) Tj ET Q q 0 0 0 rg BT 238.71 486.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 284.36 486.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 307.81 486.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.60 486.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.82 486.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 367.04 486.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.38 486.10 Td (such ) Tj ET Q q 0 0 0 rg BT 401.72 486.10 Td (items, ) Tj ET Q q 0 0 0 rg BT 429.90 486.10 Td (which ) Tj ET Q q 0 0 0 rg BT 458.34 486.10 Td (may ) Tj ET Q q 0 0 0 rg BT 479.57 486.10 Td (obscure ) Tj ET Q q 0 0 0 rg BT 514.68 486.10 Td (underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 474.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 106.72 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.35 474.10 Td (impair ) Tj ET Q q 0 0 0 rg BT 151.65 474.10 Td (comparability ) Tj ET Q q 0 0 0 rg BT 209.38 474.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.91 474.10 Td (results ) Tj ET Q q 0 0 0 rg BT 248.21 474.10 Td (between ) Tj ET Q q 0 0 0 rg BT 283.72 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.13 474.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 332.11 474.10 Td (The ) Tj ET Q q 0 0 0 rg BT 349.85 474.10 Td (following ) Tj ET Q q 0 0 0 rg BT 390.93 474.10 Td (table ) Tj ET Q q 0 0 0 rg BT 412.56 474.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 429.75 474.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 451.39 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.80 474.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 511.86 474.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.90 474.10 Td (Adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 462.10 Td (Basic ) Tj ET Q q 0 0 0 rg BT 78.72 462.10 Td (and ) Tj ET Q q 0 0 0 rg BT 95.66 462.10 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 128.15 462.10 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 166.20 462.10 Td (per ) Tj ET Q q 0 0 0 rg BT 181.47 462.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 221.19 462.10 Td (Share ) Tj ET Q q 0 0 0 rg BT 246.46 462.10 Td (for ) Tj ET Q q 0 0 0 rg BT 260.62 462.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.34 462.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.32 462.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.82 462.10 Td (months ) Tj ET Q q 0 0 0 rg BT 329.77 462.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 462.10 Td (March ) Tj ET Q q 0 0 0 rg BT 384.75 462.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.25 462.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.75 462.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.75 462.10 Td ( ) Tj ET Q q 0 0 0 rg BT 422.25 462.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.19 462.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.19 462.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 61.00 386.60 283.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 386.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 386.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 386.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 386.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 386.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 61.00 356.60 283.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 356.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 356.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 356.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 356.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 356.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 61.00 326.60 283.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 326.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 326.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 326.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 326.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 326.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 61.00 286.60 283.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 286.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 286.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 286.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 286.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 286.60 67.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 416.6 m 479 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 416.6 m 483 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 416.6 m 550 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 416.6 m 479 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 401.6 m 479 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 416.6 m 483 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 416.6 m 550 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 401.6 m 550 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 401.6 m 479 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 401.6 m 550 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 356.6 m 479 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 356.6 m 550 356.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.90 430.05 Td (For) Tj ET Q q 0 0 0 rg BT 444.81 430.05 Td ( the thr) Tj ET Q q 0 0 0 rg BT 473.14 430.05 Td (ee months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.30 421.05 Td (Mar) Tj ET Q q 0 0 0 rg BT 481.21 421.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 439.50 406.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.00 406.05 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.60 391.06 Td (\( million\)) Tj ET Q BT /F2 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 63.50 382.15 189.07 -8.04 re f /GS0 gs q 0 0 0 rg BT 63.50 376.05 Td (Net pr) Tj ET Q q 0 0 0 rg BT 88.08 376.05 Td (ofit attributable to owners of the Company) Tj ET Q BT /F2 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 358.60 382.15 33.75 -8.04 re f /GS0 gs q 0 0 0 rg BT 358.60 376.05 Td ( million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.00 376.05 Td (148) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.00 376.05 Td (124) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 361.05 Td (Adjusted pr) Tj ET Q q 0 0 0 rg BT 109.59 361.05 Td (ofit attributable to owners of the Company) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.60 361.05 Td ( million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.00 361.05 Td (148) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.00 361.05 Td (124) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 331.06 Td (W) Tj ET Q q 0 0 0 rg BT 71.27 331.06 Td (eighted average number of common shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.25 331.06 Td (thousand) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 331.06 Td (188,846) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.25 331.06 Td (188,948) Tj ET Q BT /F2 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 63.50 322.15 165.42 -8.04 re f /GS0 gs q 0 0 0 rg BT 63.50 316.05 Td (Adjusted basic earnings per) Tj ET Q q 0 0 0 rg BT 170.59 316.05 Td ( common shar) Tj ET Q q 0 0 0 rg BT 224.93 316.05 Td (e) Tj ET Q BT /F2 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 373.25 322.15 4.50 -8.04 re f /GS0 gs q 0 0 0 rg BT 373.25 316.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.75 316.05 Td (0.78) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.75 316.05 Td (0.65) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 300.06 Td (W) Tj ET Q q 0 0 0 rg BT 71.27 300.06 Td (eighted average number of common shares for diluted earnings per ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 291.06 Td (common share ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.25 291.06 Td (thousand) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 291.06 Td (189,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.25 291.06 Td (189,758) Tj ET Q BT /F2 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 63.50 282.15 175.18 -8.04 re f /GS0 gs q 0 0 0 rg BT 63.50 276.05 Td (Adjusted diluted earnings per) Tj ET Q q 0 0 0 rg BT 178.10 276.05 Td ( common shar) Tj ET Q q 0 0 0 rg BT 232.43 276.05 Td (e ) Tj ET Q BT /F1 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 238.68 286.37 6.82 -8.04 re f /GS0 gs BT /F1 5.85 Tf ET q 0 0 0 rg BT 238.68 280.13 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 373.25 282.15 4.50 -8.04 re f /GS0 gs q 0 0 0 rg BT 373.25 276.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.75 276.05 Td (0.78) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.75 276.05 Td (0.65) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 260.10 Td (_____________________________) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 250.50 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 72.00 250.50 Td (For ) Tj ET Q q 0 0 0 rg BT 85.43 250.50 Td (the ) Tj ET Q q 0 0 0 rg BT 96.63 250.50 Td (thr) Tj ET Q q 0 0 0 rg BT 105.66 250.50 Td (ee ) Tj ET Q q 0 0 0 rg BT 114.19 250.50 Td (months ) Tj ET Q q 0 0 0 rg BT 138.73 250.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 159.26 250.50 Td (Mar) Tj ET Q q 0 0 0 rg BT 172.74 250.50 Td (ch ) Tj ET Q q 0 0 0 rg BT 181.71 250.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 193.14 250.50 Td (2018, ) Tj ET Q q 0 0 0 rg BT 212.57 250.50 Td (the ) Tj ET Q q 0 0 0 rg BT 223.77 250.50 Td (weighted ) Tj ET Q q 0 0 0 rg BT 254.07 250.50 Td (average ) Tj ET Q q 0 0 0 rg BT 281.27 250.50 Td (number ) Tj ET Q q 0 0 0 rg BT 307.13 250.50 Td (of ) Tj ET Q q 0 0 0 rg BT 314.78 250.50 Td (shar) Tj ET Q q 0 0 0 rg BT 328.71 250.50 Td (es ) Tj ET Q q 0 0 0 rg BT 336.80 250.50 Td (for ) Tj ET Q q 0 0 0 rg BT 347.56 250.50 Td (diluted ) Tj ET Q q 0 0 0 rg BT 371.21 250.50 Td (earnings ) Tj ET Q q 0 0 0 rg BT 400.63 250.50 Td (per ) Tj ET Q q 0 0 0 rg BT 412.72 250.50 Td (shar) Tj ET Q q 0 0 0 rg BT 426.65 250.50 Td (e ) Tj ET Q q 0 0 0 rg BT 431.63 250.50 Td (was ) Tj ET Q q 0 0 0 rg BT 445.50 250.50 Td (incr) Tj ET Q q 0 0 0 rg BT 458.09 250.50 Td (eased ) Tj ET Q q 0 0 0 rg BT 477.73 250.50 Td (to ) Tj ET Q q 0 0 0 rg BT 485.38 250.50 Td (take ) Tj ET Q q 0 0 0 rg BT 500.13 250.50 Td (into ) Tj ET Q q 0 0 0 rg BT 514.00 250.50 Td (consideration ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 240.90 Td (the ) Tj ET Q q 0 0 0 rg BT 83.77 240.90 Td (theor) Tj ET Q q 0 0 0 rg BT 100.36 240.90 Td (etical ) Tj ET Q q 0 0 0 rg BT 120.13 240.90 Td (effect ) Tj ET Q q 0 0 0 rg BT 139.45 240.90 Td (of ) Tj ET Q q 0 0 0 rg BT 147.68 240.90 Td (the ) Tj ET Q q 0 0 0 rg BT 159.45 240.90 Td (potential ) Tj ET Q q 0 0 0 rg BT 189.89 240.90 Td (common ) Tj ET Q q 0 0 0 rg BT 219.00 240.90 Td (shar) Tj ET Q q 0 0 0 rg BT 232.93 240.90 Td (es ) Tj ET Q q 0 0 0 rg BT 241.59 240.90 Td (that ) Tj ET Q q 0 0 0 rg BT 256.04 240.90 Td (would ) Tj ET Q q 0 0 0 rg BT 277.59 240.90 Td (be ) Tj ET Q q 0 0 0 rg BT 287.14 240.90 Td (issued ) Tj ET Q q 0 0 0 rg BT 309.14 240.90 Td (for ) Tj ET Q q 0 0 0 rg BT 320.48 240.90 Td (the ) Tj ET Q q 0 0 0 rg BT 332.25 240.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 353.80 240.90 Td (incentive ) Tj ET Q q 0 0 0 rg BT 384.67 240.90 Td (pr) Tj ET Q q 0 0 0 rg BT 391.49 240.90 Td (ogram.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 228.30 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 228.30 Td (For ) Tj ET Q q 0 0 0 rg BT 85.43 228.30 Td (the ) Tj ET Q q 0 0 0 rg BT 96.63 228.30 Td (thr) Tj ET Q q 0 0 0 rg BT 105.66 228.30 Td (ee ) Tj ET Q q 0 0 0 rg BT 114.19 228.30 Td (months ) Tj ET Q q 0 0 0 rg BT 138.73 228.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 159.26 228.30 Td (Mar) Tj ET Q q 0 0 0 rg BT 172.74 228.30 Td (ch ) Tj ET Q q 0 0 0 rg BT 181.71 228.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 193.14 228.30 Td (2017, ) Tj ET Q q 0 0 0 rg BT 212.57 228.30 Td (the ) Tj ET Q q 0 0 0 rg BT 223.77 228.30 Td (weighted ) Tj ET Q q 0 0 0 rg BT 254.07 228.30 Td (average ) Tj ET Q q 0 0 0 rg BT 281.27 228.30 Td (number ) Tj ET Q q 0 0 0 rg BT 307.13 228.30 Td (of ) Tj ET Q q 0 0 0 rg BT 314.78 228.30 Td (shar) Tj ET Q q 0 0 0 rg BT 328.71 228.30 Td (es ) Tj ET Q q 0 0 0 rg BT 336.80 228.30 Td (for ) Tj ET Q q 0 0 0 rg BT 347.56 228.30 Td (diluted ) Tj ET Q q 0 0 0 rg BT 371.21 228.30 Td (earnings ) Tj ET Q q 0 0 0 rg BT 400.63 228.30 Td (per ) Tj ET Q q 0 0 0 rg BT 412.72 228.30 Td (shar) Tj ET Q q 0 0 0 rg BT 426.65 228.30 Td (e ) Tj ET Q q 0 0 0 rg BT 431.63 228.30 Td (was ) Tj ET Q q 0 0 0 rg BT 445.50 228.30 Td (incr) Tj ET Q q 0 0 0 rg BT 458.09 228.30 Td (eased ) Tj ET Q q 0 0 0 rg BT 477.73 228.30 Td (to ) Tj ET Q q 0 0 0 rg BT 485.38 228.30 Td (take ) Tj ET Q q 0 0 0 rg BT 500.13 228.30 Td (into ) Tj ET Q q 0 0 0 rg BT 514.00 228.30 Td (consideration ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 218.70 Td (the ) Tj ET Q q 0 0 0 rg BT 83.85 218.70 Td (theor) Tj ET Q q 0 0 0 rg BT 100.44 218.70 Td (etical ) Tj ET Q q 0 0 0 rg BT 120.29 218.70 Td (effect ) Tj ET Q q 0 0 0 rg BT 139.70 218.70 Td (of ) Tj ET Q q 0 0 0 rg BT 148.00 218.70 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 157.63 218.70 Td (the ) Tj ET Q q 0 0 0 rg BT 169.49 218.70 Td (potential ) Tj ET Q q 0 0 0 rg BT 200.01 218.70 Td (common ) Tj ET Q q 0 0 0 rg BT 229.20 218.70 Td (shar) Tj ET Q q 0 0 0 rg BT 243.13 218.70 Td (es ) Tj ET Q q 0 0 0 rg BT 251.87 218.70 Td (that ) Tj ET Q q 0 0 0 rg BT 266.40 218.70 Td (would ) Tj ET Q q 0 0 0 rg BT 288.04 218.70 Td (be ) Tj ET Q q 0 0 0 rg BT 297.67 218.70 Td (issued ) Tj ET Q q 0 0 0 rg BT 319.75 218.70 Td (for ) Tj ET Q q 0 0 0 rg BT 331.17 218.70 Td (the ) Tj ET Q q 0 0 0 rg BT 343.02 218.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 364.65 218.70 Td (incentive ) Tj ET Q q 0 0 0 rg BT 395.60 218.70 Td (pr) Tj ET Q q 0 0 0 rg BT 402.42 218.70 Td (ogram ) Tj ET Q q 0 0 0 rg BT 425.39 218.70 Td (and ) Tj ET Q q 0 0 0 rg BT 439.47 218.70 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 451.32 218.70 Td (the ) Tj ET Q q 0 0 0 rg BT 463.18 218.70 Td (potential ) Tj ET Q q 0 0 0 rg BT 493.70 218.70 Td (common ) Tj ET Q q 0 0 0 rg BT 522.89 218.70 Td (shar) Tj ET Q q 0 0 0 rg BT 536.82 218.70 Td (es ) Tj ET Q q 0 0 0 rg BT 545.56 218.70 Td (that ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 209.10 Td (would ) Tj ET Q q 0 0 0 rg BT 93.56 209.10 Td (be ) Tj ET Q q 0 0 0 rg BT 103.11 209.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 125.11 209.10 Td (for ) Tj ET Q q 0 0 0 rg BT 136.45 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.22 209.10 Td (Non-Executive ) Tj ET Q q 0 0 0 rg BT 197.30 209.10 Td (Dir) Tj ET Q q 0 0 0 rg BT 208.12 209.10 Td (ectors' ) Tj ET Q q 0 0 0 rg BT 231.38 209.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 277.82 209.10 Td (agr) Tj ET Q q 0 0 0 rg BT 288.64 209.10 Td (eement.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 196.50 Td ( ) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 41.20 Td (9) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 731.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 70.39 731.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 92.33 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.83 731.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 126.21 731.10 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 168.16 731.10 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.60 731.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 707.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 707.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 107.31 707.10 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 148.51 707.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 170.82 707.10 Td (is ) Tj ET Q q 0 0 0 rg BT 180.36 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.44 707.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 229.97 707.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 266.16 707.10 Td (used ) Tj ET Q q 0 0 0 rg BT 287.36 707.10 Td (by ) Tj ET Q q 0 0 0 rg BT 300.23 707.10 Td (us ) Tj ET Q q 0 0 0 rg BT 311.99 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.64 707.10 Td (analyze ) Tj ET Q q 0 0 0 rg BT 356.04 707.10 Td (our ) Tj ET Q q 0 0 0 rg BT 372.25 707.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 410.10 707.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 446.83 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.14 707.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 493.66 707.10 Td (structure, ) Tj ET Q q 0 0 0 rg BT 534.02 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 551.33 707.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 695.10 Td (one ) Tj ET Q q 0 0 0 rg BT 71.20 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.29 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.27 695.10 Td (key ) Tj ET Q q 0 0 0 rg BT 114.46 695.10 Td (indicators, ) Tj ET Q q 0 0 0 rg BT 159.16 695.10 Td (together ) Tj ET Q q 0 0 0 rg BT 194.68 695.10 Td (with ) Tj ET Q q 0 0 0 rg BT 215.22 695.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 232.42 695.10 Td (Debt, ) Tj ET Q q 0 0 0 rg BT 257.12 695.10 Td (we ) Tj ET Q q 0 0 0 rg BT 271.54 695.10 Td (use ) Tj ET Q q 0 0 0 rg BT 287.63 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.17 695.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 334.24 695.10 Td (our ) Tj ET Q q 0 0 0 rg BT 350.33 695.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 388.07 695.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 425.36 695.10 Td (These ) Tj ET Q q 0 0 0 rg BT 452.00 695.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 491.97 695.10 Td (are ) Tj ET Q q 0 0 0 rg BT 506.93 695.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 548.01 695.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 683.10 Td (management ) Tj ET Q q 0 0 0 rg BT 107.85 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.39 683.10 Td (aid ) Tj ET Q q 0 0 0 rg BT 133.37 683.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 172.24 683.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.78 683.10 Td (their ) Tj ET Q q 0 0 0 rg BT 203.87 683.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 238.85 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.94 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.92 683.10 Td (Group) Tj ET Q q 0 0 0 rg BT 293.25 683.10 Td (s ) Tj ET Q q 0 0 0 rg BT 299.91 683.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 337.65 683.10 Td (position ) Tj ET Q q 0 0 0 rg BT 372.64 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.84 683.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 427.58 683.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 480.87 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.07 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.61 683.10 Td (compare ) Tj ET Q q 0 0 0 rg BT 545.80 683.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.10 Td (Group's ) Tj ET Q q 0 0 0 rg BT 87.83 671.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 125.39 671.10 Td (position ) Tj ET Q q 0 0 0 rg BT 160.21 671.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.23 671.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 214.79 671.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 267.90 671.10 Td (with ) Tj ET Q q 0 0 0 rg BT 288.26 671.10 Td (that ) Tj ET Q q 0 0 0 rg BT 305.84 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.76 671.10 Td (other ) Tj ET Q q 0 0 0 rg BT 339.89 671.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 387.74 671.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 404.76 671.10 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 445.67 671.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 467.69 671.10 Td (is ) Tj ET Q q 0 0 0 rg BT 476.95 671.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 509.52 671.10 Td (as ) Tj ET Q q 0 0 0 rg BT 520.43 671.10 Td (total ) Tj ET Q q 0 0 0 rg BT 540.79 671.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 659.10 Td (less ) Tj ET Q q 0 0 0 rg BT 72.86 659.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 94.48 659.10 Td (and ) Tj ET Q q 0 0 0 rg BT 112.77 659.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 134.40 659.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 183.79 659.10 Td (\(Net ) Tj ET Q q 0 0 0 rg BT 205.42 659.10 Td (Debt\), ) Tj ET Q q 0 0 0 rg BT 234.54 659.10 Td (further ) Tj ET Q q 0 0 0 rg BT 265.61 659.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 302.79 659.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.42 659.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 349.37 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.44 659.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 397.07 659.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 429.81 659.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.99 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.07 659.10 Td (self-liquidating ) Tj ET Q q 0 0 0 rg BT 523.02 659.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 647.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 102.80 647.10 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 144.12 647.10 Td (which ) Tj ET Q q 0 0 0 rg BT 172.38 647.10 Td (is ) Tj ET Q q 0 0 0 rg BT 182.88 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.92 647.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 231.64 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.79 647.10 Td (our ) Tj ET Q q 0 0 0 rg BT 260.95 647.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 309.75 647.10 Td (from ) Tj ET Q q 0 0 0 rg BT 333.01 647.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 374.60 647.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 414.53 647.10 Td (that ) Tj ET Q q 0 0 0 rg BT 433.35 647.10 Td (we ) Tj ET Q q 0 0 0 rg BT 448.84 647.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 470.99 647.10 Td (with ) Tj ET Q q 0 0 0 rg BT 492.60 647.10 Td (external ) Tj ET Q q 0 0 0 rg BT 528.63 647.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 549.67 647.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 635.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 111.48 635.10 Td (loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 611.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 611.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.18 611.10 Td (following ) Tj ET Q q 0 0 0 rg BT 149.71 611.10 Td (table ) Tj ET Q q 0 0 0 rg BT 171.78 611.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 189.41 611.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 211.49 611.10 Td (a ) Tj ET Q q 0 0 0 rg BT 218.56 611.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 276.18 611.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.14 611.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 304.22 611.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 326.29 611.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.37 611.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 360.44 611.10 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 401.41 611.10 Td (Debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.48 611.10 Td (at ) Tj ET Q q 0 0 0 rg BT 433.33 611.10 Td (March ) Tj ET Q q 0 0 0 rg BT 462.07 611.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.57 611.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.21 611.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.21 611.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.84 611.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.92 611.10 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 599.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 599.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 599.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 599.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 531.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 531.60 126.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 531.60 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 531.60 126.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 501.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 501.60 126.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 501.60 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 501.60 126.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 461.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 461.60 126.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 461.60 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 461.60 126.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 561.6 m 419.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 561.6 m 431.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 561.6 m 557.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 546.6 m 419.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 546.6 m 557.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 501.6 m 419.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 501.6 m 419.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 486.6 m 419.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 501.6 m 557.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 486.6 m 557.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 486.6 m 419.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 486.6 m 557.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 461.6 m 419.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 447.6 m 419.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 445.6 m 419.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 461.6 m 557.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 447.6 m 557.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 445.6 m 557.5 445.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 331.30 566.05 Td (At Mar) Tj ET Q q 0 0 0 rg BT 362.12 566.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.95 566.05 Td (At December) Tj ET Q q 0 0 0 rg BT 512.59 566.05 Td ( 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 347.00 551.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.00 551.05 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.60 536.06 Td (\( million\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 521.06 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.50 521.06 Td (743) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 521.06 Td (648) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 506.06 Td (Financial liabilities with third parties) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.75 506.06 Td (\(1,822) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.00 506.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 506.06 Td (\(1,806) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 506.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 491.05 Td (Net Debt) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 392.75 491.05 Td (\(1,079) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 416.00 491.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.75 491.05 Td (\(1,158) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.00 491.05 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 475.06 Td (Funded portion of the self-liquidating financial receivables ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 466.06 Td (portfolio) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.50 466.06 Td (666) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 466.06 Td (685) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 451.05 Td (Net Industrial Debt) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.50 451.05 Td (\(413) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 416.00 451.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.50 451.05 Td (\(473) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.00 451.05 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 423.10 Td (Fr) Tj ET Q q 0 0 0 rg BT 63.63 423.10 Td (ee ) Tj ET Q q 0 0 0 rg BT 75.01 423.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 98.07 423.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 121.12 423.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.62 423.10 Td (Fr) Tj ET Q q 0 0 0 rg BT 148.25 423.10 Td (ee ) Tj ET Q q 0 0 0 rg BT 159.63 423.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 182.69 423.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 205.75 423.10 Td (fr) Tj ET Q q 0 0 0 rg BT 212.05 423.10 Td (om ) Tj ET Q q 0 0 0 rg BT 226.77 423.10 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 268.54 423.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 411.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 399.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 399.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 110.44 399.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 133.12 399.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 156.36 399.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.47 399.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 193.92 399.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 216.59 399.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 239.83 399.10 Td (from ) Tj ET Q q 0 0 0 rg BT 261.94 399.10 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 302.35 399.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 343.91 399.10 Td (are ) Tj ET Q q 0 0 0 rg BT 358.79 399.10 Td (two ) Tj ET Q q 0 0 0 rg BT 376.47 399.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.48 399.10 Td (our ) Tj ET Q q 0 0 0 rg BT 403.48 399.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 437.81 399.10 Td (key ) Tj ET Q q 0 0 0 rg BT 454.93 399.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 508.13 399.10 Td (indicators ) Tj ET Q q 0 0 0 rg BT 550.23 399.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 387.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 89.18 387.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.25 387.10 Td (Group) Tj ET Q q 0 0 0 rg BT 131.58 387.10 Td (s ) Tj ET Q q 0 0 0 rg BT 137.33 387.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 192.08 387.10 Td (These ) Tj ET Q q 0 0 0 rg BT 217.82 387.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 256.89 387.10 Td (are ) Tj ET Q q 0 0 0 rg BT 270.96 387.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 311.13 387.10 Td (by ) Tj ET Q q 0 0 0 rg BT 322.99 387.10 Td (management ) Tj ET Q q 0 0 0 rg BT 375.94 387.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.58 387.10 Td (aid ) Tj ET Q q 0 0 0 rg BT 399.66 387.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 437.63 387.10 Td (in ) Tj ET Q q 0 0 0 rg BT 447.26 387.10 Td (their ) Tj ET Q q 0 0 0 rg BT 467.45 387.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 501.53 387.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.72 387.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.79 387.10 Td (Group) Tj ET Q q 0 0 0 rg BT 554.12 387.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 375.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 90.65 375.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 142.84 375.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.94 375.10 Td (to ) Tj ET Q q 0 0 0 rg BT 168.39 375.10 Td (compare ) Tj ET Q q 0 0 0 rg BT 204.48 375.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.37 375.10 Td (Group) Tj ET Q q 0 0 0 rg BT 246.70 375.10 Td (s ) Tj ET Q q 0 0 0 rg BT 252.25 375.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 288.90 375.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 341.09 375.10 Td (with ) Tj ET Q q 0 0 0 rg BT 360.54 375.10 Td (that ) Tj ET Q q 0 0 0 rg BT 377.20 375.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.20 375.10 Td (other ) Tj ET Q q 0 0 0 rg BT 409.41 375.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 456.34 375.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 475.78 375.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 497.45 375.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 519.68 375.10 Td (is ) Tj ET Q q 0 0 0 rg BT 528.01 375.10 Td (defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 363.10 Td (as ) Tj ET Q q 0 0 0 rg BT 64.69 363.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 84.83 363.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 109.41 363.10 Td (from ) Tj ET Q q 0 0 0 rg BT 131.21 363.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 171.34 363.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 209.80 363.10 Td (less ) Tj ET Q q 0 0 0 rg BT 227.16 363.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 247.30 363.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 271.88 363.10 Td (used ) Tj ET Q q 0 0 0 rg BT 292.57 363.10 Td (in ) Tj ET Q q 0 0 0 rg BT 302.72 363.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 341.74 363.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 382.71 363.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 402.84 363.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 425.20 363.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 448.13 363.10 Td (from ) Tj ET Q q 0 0 0 rg BT 469.93 363.10 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 510.09 363.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 551.34 363.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 351.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 86.29 351.10 Td (as ) Tj ET Q q 0 0 0 rg BT 96.93 351.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 117.01 351.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 139.32 351.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 162.19 351.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 197.83 351.10 Td (for ) Tj ET Q q 0 0 0 rg BT 211.80 351.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.32 351.10 Td (change ) Tj ET Q q 0 0 0 rg BT 256.95 351.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.04 351.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.56 351.10 Td (self-liquidating ) Tj ET Q q 0 0 0 rg BT 344.97 351.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 382.26 351.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 429.54 351.10 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 469.35 351.10 Td (which ) Tj ET Q q 0 0 0 rg BT 496.09 351.10 Td (is ) Tj ET Q q 0 0 0 rg BT 505.07 351.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.60 351.10 Td (change ) Tj ET Q q 0 0 0 rg BT 550.23 351.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 337.90 Td (our ) Tj ET Q q 0 0 0 rg BT 69.38 337.90 Td (receivables ) Tj ET Q q 0 0 0 rg BT 116.40 337.90 Td (from ) Tj ET Q q 0 0 0 rg BT 137.89 337.90 Td (financing ) Tj ET Q q 0 0 0 rg BT 177.70 337.90 Td (activities) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 213.80 337.90 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.81 337.90 Td (The ) Tj ET Q q 0 0 0 rg BT 236.40 337.90 Td (following ) Tj ET Q q 0 0 0 rg BT 277.34 337.90 Td (table ) Tj ET Q q 0 0 0 rg BT 298.82 337.90 Td (sets ) Tj ET Q q 0 0 0 rg BT 315.87 337.90 Td (forth ) Tj ET Q q 0 0 0 rg BT 337.36 337.90 Td (our ) Tj ET Q q 0 0 0 rg BT 352.74 337.90 Td (Free ) Tj ET Q q 0 0 0 rg BT 372.56 337.90 Td (Cash ) Tj ET Q q 0 0 0 rg BT 394.61 337.90 Td (Flow ) Tj ET Q q 0 0 0 rg BT 417.22 337.90 Td (and ) Tj ET Q q 0 0 0 rg BT 433.71 337.90 Td (Free ) Tj ET Q q 0 0 0 rg BT 453.53 337.90 Td (Cash ) Tj ET Q q 0 0 0 rg BT 475.58 337.90 Td (Flow ) Tj ET Q q 0 0 0 rg BT 498.19 337.90 Td (from ) Tj ET Q q 0 0 0 rg BT 519.68 337.90 Td (Industrial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 325.90 Td (Activities ) Tj ET Q q 0 0 0 rg BT 95.38 325.90 Td (for ) Tj ET Q q 0 0 0 rg BT 109.54 325.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.26 325.90 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.24 325.90 Td ( ) Tj ET Q q 0 0 0 rg BT 146.74 325.90 Td (months ) Tj ET Q q 0 0 0 rg BT 178.69 325.90 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.07 325.90 Td (March ) Tj ET Q q 0 0 0 rg BT 233.67 325.90 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.17 325.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.67 325.90 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.67 325.90 Td ( ) Tj ET Q q 0 0 0 rg BT 271.17 325.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.11 325.90 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.11 325.90 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 261.40 289.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 261.40 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 261.40 97.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 261.40 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 261.40 102.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 233.40 289.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 233.40 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 233.40 97.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 233.40 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 233.40 102.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 205.40 289.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 205.40 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 205.40 97.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 205.40 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 205.40 102.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 289.4 m 447.5 289.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 289.4 m 455.5 289.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 289.4 m 557.5 289.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 289.4 m 447.5 289.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 275.4 m 447.5 275.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 289.4 m 455.5 289.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 289.4 m 557.5 289.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 275.4 m 557.5 275.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 275.4 m 447.5 275.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 275.4 m 557.5 275.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 233.39999999999998 m 447.5 233.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 219.39999999999998 m 447.5 219.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 233.39999999999998 m 557.5 233.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 219.39999999999998 m 557.5 219.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 205.39999999999998 m 447.5 205.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 192.39999999999998 m 447.5 192.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 190.39999999999998 m 447.5 190.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 205.39999999999998 m 557.5 205.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 192.39999999999998 m 557.5 192.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 190.39999999999998 m 557.5 190.39999999999998 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.60 293.85 Td (For) Tj ET Q q 0 0 0 rg BT 395.43 293.85 Td ( the thr) Tj ET Q q 0 0 0 rg BT 423.76 293.85 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 506.84 293.85 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.50 279.85 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 497.00 279.85 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.10 265.86 Td (\( million\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 251.86 Td (Cash flows from operating activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 251.86 Td (210) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 251.86 Td (142) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 237.86 Td (Cash flows used in investing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.50 237.86 Td (\(121) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.00 237.86 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.00 237.86 Td (\(64) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 237.86 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 223.85 Td (Fr) Tj ET Q q 0 0 0 rg BT 65.33 223.85 Td (ee Cash Flow) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.00 223.85 Td (89) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.00 223.85 Td (78) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 209.86 Td (Change in the self-liquidating financial receivables portfolio) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 209.86 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 209.86 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 209.86 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 195.85 Td (Fr) Tj ET Q q 0 0 0 rg BT 65.33 195.85 Td (ee Cash Flow fr) Tj ET Q q 0 0 0 rg BT 125.40 195.85 Td (om Industrial ) Tj ET Q q 0 0 0 rg BT 179.92 195.85 Td (Activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.00 195.85 Td (95) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.00 195.85 Td (76) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 167.90 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 167.90 Td (Cash ) Tj ET Q q 0 0 0 rg BT 112.23 167.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 136.67 167.90 Td (used ) Tj ET Q q 0 0 0 rg BT 157.23 167.90 Td (in ) Tj ET Q q 0 0 0 rg BT 167.23 167.90 Td (investing ) Tj ET Q q 0 0 0 rg BT 206.12 167.90 Td (activities ) Tj ET Q q 0 0 0 rg BT 244.45 167.90 Td (for ) Tj ET Q q 0 0 0 rg BT 258.33 167.90 Td (the ) Tj ET Q q 0 0 0 rg BT 272.78 167.90 Td (three ) Tj ET Q q 0 0 0 rg BT 294.99 167.90 Td (months ) Tj ET Q q 0 0 0 rg BT 326.66 167.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 352.76 167.90 Td (March ) Tj ET Q q 0 0 0 rg BT 381.09 167.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 395.81 167.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 418.04 167.90 Td (are ) Tj ET Q q 0 0 0 rg BT 432.47 167.90 Td (net ) Tj ET Q q 0 0 0 rg BT 446.91 167.90 Td (of ) Tj ET Q q 0 0 0 rg BT 457.47 167.90 Td (8 ) Tj ET Q q 0 0 0 rg BT 469.69 167.90 Td (million ) Tj ET Q q 0 0 0 rg BT 500.81 167.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 538.57 167.90 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 155.90 Td (exercising ) Tj ET Q q 0 0 0 rg BT 97.59 155.90 Td (the ) Tj ET Q q 0 0 0 rg BT 112.31 155.90 Td (Delta ) Tj ET Q q 0 0 0 rg BT 136.29 155.90 Td (T) Tj ET Q q 0 0 0 rg BT 141.70 155.90 Td (opco ) Tj ET Q q 0 0 0 rg BT 163.63 155.90 Td (option.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 131.90 Td (Constant ) Tj ET Q q 0 0 0 rg BT 92.62 131.90 Td (Curr) Tj ET Q q 0 0 0 rg BT 111.70 131.90 Td (ency ) Tj ET Q q 0 0 0 rg BT 132.52 131.90 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 107.90 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 107.90 Td (The ) Tj ET Q q 0 0 0 rg BT 108.83 107.90 Td (Results ) Tj ET Q q 0 0 0 rg BT 146.00 107.90 Td (of ) Tj ET Q q 0 0 0 rg BT 157.61 107.90 Td (Operations ) Tj ET Q q 0 0 0 rg BT 209.21 107.90 Td (discussion ) Tj ET Q q 0 0 0 rg BT 254.16 107.90 Td (below ) Tj ET Q q 0 0 0 rg BT 281.88 107.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 318.49 107.90 Td (information ) Tj ET Q q 0 0 0 rg BT 368.99 107.90 Td (about ) Tj ET Q q 0 0 0 rg BT 394.49 107.90 Td (our ) Tj ET Q q 0 0 0 rg BT 411.10 107.90 Td (net ) Tj ET Q q 0 0 0 rg BT 426.60 107.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 465.42 107.90 Td (on ) Tj ET Q q 0 0 0 rg BT 478.70 107.90 Td (a ) Tj ET Q q 0 0 0 rg BT 486.42 107.90 Td (constant ) Tj ET Q q 0 0 0 rg BT 523.03 107.90 Td (currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 95.90 Td (basis. ) Tj ET Q q 0 0 0 rg BT 79.71 95.90 Td (W) Tj ET Q q 0 0 0 rg BT 88.34 95.90 Td (e ) Tj ET Q q 0 0 0 rg BT 96.24 95.90 Td (use ) Tj ET Q q 0 0 0 rg BT 113.03 95.90 Td (this ) Tj ET Q q 0 0 0 rg BT 130.93 95.90 Td (information ) Tj ET Q q 0 0 0 rg BT 181.60 95.90 Td (to ) Tj ET Q q 0 0 0 rg BT 192.84 95.90 Td (assess ) Tj ET Q q 0 0 0 rg BT 220.74 95.90 Td (how ) Tj ET Q q 0 0 0 rg BT 241.42 95.90 Td (the ) Tj ET Q q 0 0 0 rg BT 257.09 95.90 Td (underlying ) Tj ET Q q 0 0 0 rg BT 303.87 95.90 Td (business ) Tj ET Q q 0 0 0 rg BT 341.22 95.90 Td (has ) Tj ET Q q 0 0 0 rg BT 358.01 95.90 Td (performed ) Tj ET Q q 0 0 0 rg BT 403.11 95.90 Td (independent ) Tj ET Q q 0 0 0 rg BT 455.44 95.90 Td (of ) Tj ET Q q 0 0 0 rg BT 467.23 95.90 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 517.90 95.90 Td (in ) Tj ET Q q 0 0 0 rg BT 529.13 95.90 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 83.90 Td (currency ) Tj ET Q q 0 0 0 rg BT 91.39 83.90 Td (exchange ) Tj ET Q q 0 0 0 rg BT 131.57 83.90 Td (rates. ) Tj ET Q q 0 0 0 rg BT 155.19 83.90 Td (W) Tj ET Q q 0 0 0 rg BT 163.82 83.90 Td (e ) Tj ET Q q 0 0 0 rg BT 170.68 83.90 Td (calculate ) Tj ET Q q 0 0 0 rg BT 208.63 83.90 Td (constant ) Tj ET Q q 0 0 0 rg BT 244.37 83.90 Td (currency ) Tj ET Q q 0 0 0 rg BT 281.77 83.90 Td (by ) Tj ET Q q 0 0 0 rg BT 294.18 83.90 Td (applying ) Tj ET Q q 0 0 0 rg BT 331.60 83.90 Td (the ) Tj ET Q q 0 0 0 rg BT 346.23 83.90 Td (prior) Tj ET Q q 0 0 0 rg BT 365.47 83.90 Td (-period ) Tj ET Q q 0 0 0 rg BT 396.77 83.90 Td (average ) Tj ET Q q 0 0 0 rg BT 430.27 83.90 Td (foreign ) Tj ET Q q 0 0 0 rg BT 461.56 83.90 Td (currency ) Tj ET Q q 0 0 0 rg BT 498.96 83.90 Td (exchange ) Tj ET Q q 0 0 0 rg BT 539.13 83.90 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 71.90 Td (to ) Tj ET Q q 0 0 0 rg BT 64.00 71.90 Td (current ) Tj ET Q q 0 0 0 rg BT 94.54 71.90 Td (period ) Tj ET Q q 0 0 0 rg BT 122.32 71.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 159.52 71.90 Td (data ) Tj ET Q q 0 0 0 rg BT 178.40 71.90 Td (expressed ) Tj ET Q q 0 0 0 rg BT 220.06 71.90 Td (in ) Tj ET Q q 0 0 0 rg BT 230.06 71.90 Td (local ) Tj ET Q q 0 0 0 rg BT 251.72 71.90 Td (currency ) Tj ET Q q 0 0 0 rg BT 288.92 71.90 Td (in ) Tj ET Q q 0 0 0 rg BT 298.93 71.90 Td (which ) Tj ET Q q 0 0 0 rg BT 325.59 71.90 Td (the ) Tj ET Q q 0 0 0 rg BT 340.03 71.90 Td (relevant ) Tj ET Q q 0 0 0 rg BT 374.46 71.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 411.67 71.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 456.10 71.90 Td (are ) Tj ET Q q 0 0 0 rg BT 470.54 71.90 Td (denominated, ) Tj ET Q q 0 0 0 rg BT 526.91 71.90 Td (in ) Tj ET Q q 0 0 0 rg BT 536.92 71.90 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 59.90 Td (to ) Tj ET Q q 0 0 0 rg BT 63.65 59.90 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 102.72 59.90 Td (the ) Tj ET Q q 0 0 0 rg BT 116.81 59.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 145.89 59.90 Td (of ) Tj ET Q q 0 0 0 rg BT 156.09 59.90 Td (foreign ) Tj ET Q q 0 0 0 rg BT 186.84 59.90 Td (currency ) Tj ET Q q 0 0 0 rg BT 223.68 59.90 Td (exchange ) Tj ET Q q 0 0 0 rg BT 263.30 59.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 280.16 59.90 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 329.24 59.90 Td (\(see ) Tj ET Q q 0 0 0 rg BT 347.21 59.90 Td (Note ) Tj ET Q q 0 0 0 rg BT 368.51 59.90 Td (5 ) Tj ET Q q 0 0 0 rg BT 375.38 59.90 Td (Other ) Tj ET Q q 0 0 0 rg BT 404.46 59.90 Td (Information ) Tj ET Q q 0 0 0 rg BT 458.53 59.90 Td (to ) Tj ET Q q 0 0 0 rg BT 468.18 59.90 Td (the ) Tj ET Q q 0 0 0 rg BT 482.26 59.90 Td (Interim ) Tj ET Q q 0 0 0 rg BT 513.57 59.90 Td (Condensed ) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 41.20 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 731.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 110.46 731.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 151.35 731.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 198.92 731.10 Td (included ) Tj ET Q q 0 0 0 rg BT 237.04 731.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.50 731.10 Td (this ) Tj ET Q q 0 0 0 rg BT 266.63 731.10 Td (Interim ) Tj ET Q q 0 0 0 rg BT 299.75 731.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 330.65 731.10 Td (for ) Tj ET Q q 0 0 0 rg BT 345.99 731.10 Td (information ) Tj ET Q q 0 0 0 rg BT 396.89 731.10 Td (on ) Tj ET Q q 0 0 0 rg BT 410.57 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.48 731.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 459.04 731.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 497.70 731.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 539.13 731.10 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 719.10 Td (applied\). ) Tj ET Q q 0 0 0 rg BT 91.30 719.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 131.70 719.10 Td (we ) Tj ET Q q 0 0 0 rg BT 145.97 719.10 Td (do ) Tj ET Q q 0 0 0 rg BT 158.59 719.10 Td (not ) Tj ET Q q 0 0 0 rg BT 173.98 719.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 205.47 719.10 Td (that ) Tj ET Q q 0 0 0 rg BT 223.08 719.10 Td (these ) Tj ET Q q 0 0 0 rg BT 246.25 719.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 286.07 719.10 Td (are ) Tj ET Q q 0 0 0 rg BT 300.89 719.10 Td (a ) Tj ET Q q 0 0 0 rg BT 307.95 719.10 Td (substitute ) Tj ET Q q 0 0 0 rg BT 348.90 719.10 Td (for ) Tj ET Q q 0 0 0 rg BT 363.18 719.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 390.03 719.10 Td ( ) Tj ET Q q 0 0 0 rg BT 392.65 719.10 Td (measures, ) Tj ET Q q 0 0 0 rg BT 434.97 719.10 Td (we ) Tj ET Q q 0 0 0 rg BT 449.25 719.10 Td (do ) Tj ET Q q 0 0 0 rg BT 461.86 719.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 493.35 719.10 Td (that ) Tj ET Q q 0 0 0 rg BT 510.96 719.10 Td (such ) Tj ET Q q 0 0 0 rg BT 531.91 719.10 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 707.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 97.74 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.26 707.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 145.77 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.41 707.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 197.69 707.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 249.20 707.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 284.05 707.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 328.35 707.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 357.09 707.10 Td (information ) Tj ET Q q 0 0 0 rg BT 408.60 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.69 707.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 461.10 707.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 503.72 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.24 707.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 695.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 107.02 695.10 Td (on ) Tj ET Q q 0 0 0 rg BT 119.52 695.10 Td (a ) Tj ET Q q 0 0 0 rg BT 126.46 695.10 Td (local ) Tj ET Q q 0 0 0 rg BT 148.39 695.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 185.87 695.10 Td (basis. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 671.10 Td (For ) Tj ET Q q 0 0 0 rg BT 106.44 671.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 145.36 671.10 Td (if ) Tj ET Q q 0 0 0 rg BT 154.02 671.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.00 671.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 181.33 671.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 206.65 671.10 Td (with ) Tj ET Q q 0 0 0 rg BT 226.98 671.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 247.31 671.10 Td (Dollar ) Tj ET Q q 0 0 0 rg BT 275.41 671.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 318.50 671.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 356.02 671.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 393.54 671.10 Td (net ) Tj ET Q q 0 0 0 rg BT 408.31 671.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 446.39 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.27 671.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 477.60 671.10 Td ($100 ) Tj ET Q q 0 0 0 rg BT 500.15 671.10 Td (million ) Tj ET Q q 0 0 0 rg BT 531.59 671.10 Td (for ) Tj ET Q q 0 0 0 rg BT 545.80 671.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 659.10 Td (three ) Tj ET Q q 0 0 0 rg BT 75.99 659.10 Td (months ) Tj ET Q q 0 0 0 rg BT 107.45 659.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 133.34 659.10 Td (March ) Tj ET Q q 0 0 0 rg BT 161.45 659.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 175.96 659.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 197.96 659.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.41 659.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 238.92 659.10 Td (we ) Tj ET Q q 0 0 0 rg BT 252.59 659.10 Td (would ) Tj ET Q q 0 0 0 rg BT 279.60 659.10 Td (have ) Tj ET Q q 0 0 0 rg BT 300.49 659.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 335.81 659.10 Td (81.4 ) Tj ET Q q 0 0 0 rg BT 360.32 659.10 Td (million ) Tj ET Q q 0 0 0 rg BT 391.22 659.10 Td (in ) Tj ET Q q 0 0 0 rg BT 401.01 659.10 Td (net ) Tj ET Q q 0 0 0 rg BT 415.24 659.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 452.78 659.10 Td (for ) Tj ET Q q 0 0 0 rg BT 466.45 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.68 659.10 Td (three ) Tj ET Q q 0 0 0 rg BT 502.67 659.10 Td (months ) Tj ET Q q 0 0 0 rg BT 534.13 659.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 647.10 Td (March ) Tj ET Q q 0 0 0 rg BT 83.09 647.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 98.58 647.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 121.56 647.10 Td (\(using ) Tj ET Q q 0 0 0 rg BT 149.55 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.76 647.10 Td (average ) Tj ET Q q 0 0 0 rg BT 198.83 647.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 239.57 647.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 257.54 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.86 647.10 Td (1.2292 ) Tj ET Q q 0 0 0 rg BT 299.35 647.10 Td (for ) Tj ET Q q 0 0 0 rg BT 314.00 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.21 647.10 Td (three ) Tj ET Q q 0 0 0 rg BT 352.18 647.10 Td (months ) Tj ET Q q 0 0 0 rg BT 384.62 647.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 411.48 647.10 Td (March ) Tj ET Q q 0 0 0 rg BT 440.57 647.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 456.06 647.10 Td (2018\), ) Tj ET Q q 0 0 0 rg BT 484.87 647.10 Td (or ) Tj ET Q q 0 0 0 rg BT 496.19 647.10 Td (a ) Tj ET Q q 0 0 0 rg BT 503.62 647.10 Td (12.5 ) Tj ET Q q 0 0 0 rg BT 529.11 647.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 635.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 90.89 635.10 Td (over ) Tj ET Q q 0 0 0 rg BT 111.13 635.10 Td (93.9 ) Tj ET Q q 0 0 0 rg BT 136.10 635.10 Td (million ) Tj ET Q q 0 0 0 rg BT 167.46 635.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.71 635.10 Td (net ) Tj ET Q q 0 0 0 rg BT 192.40 635.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 230.41 635.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 266.20 635.10 Td (for ) Tj ET Q q 0 0 0 rg BT 280.33 635.10 Td (three ) Tj ET Q q 0 0 0 rg BT 302.79 635.10 Td (months ) Tj ET Q q 0 0 0 rg BT 334.71 635.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 361.06 635.10 Td (March ) Tj ET Q q 0 0 0 rg BT 389.63 635.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 404.60 635.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 427.07 635.10 Td (\(using ) Tj ET Q q 0 0 0 rg BT 454.55 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.23 635.10 Td (average ) Tj ET Q q 0 0 0 rg BT 502.79 635.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 543.02 635.10 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.62 623.10 Td (1.0648 ) Tj ET Q q 0 0 0 rg BT 94.41 623.10 Td (for ) Tj ET Q q 0 0 0 rg BT 108.36 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.87 623.10 Td (three ) Tj ET Q q 0 0 0 rg BT 145.14 623.10 Td (months ) Tj ET Q q 0 0 0 rg BT 176.88 623.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 203.05 623.10 Td (March ) Tj ET Q q 0 0 0 rg BT 231.44 623.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 246.23 623.10 Td (2017\). ) Tj ET Q q 0 0 0 rg BT 274.18 623.10 Td (The ) Tj ET Q q 0 0 0 rg BT 292.02 623.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 327.63 623.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 364.90 623.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 416.06 623.10 Td (would ) Tj ET Q q 0 0 0 rg BT 443.35 623.10 Td (translate ) Tj ET Q q 0 0 0 rg BT 479.51 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.02 623.10 Td (net ) Tj ET Q q 0 0 0 rg BT 508.53 623.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 546.35 623.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.58 611.10 Td (three ) Tj ET Q q 0 0 0 rg BT 90.92 611.10 Td (months ) Tj ET Q q 0 0 0 rg BT 122.73 611.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 148.97 611.10 Td (March ) Tj ET Q q 0 0 0 rg BT 177.43 611.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 192.29 611.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 214.65 611.10 Td (using ) Tj ET Q q 0 0 0 rg BT 238.68 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.26 611.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 284.50 611.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 321.83 611.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 361.95 611.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 383.19 611.10 Td (for ) Tj ET Q q 0 0 0 rg BT 397.21 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.79 611.10 Td (three ) Tj ET Q q 0 0 0 rg BT 434.13 611.10 Td (months ) Tj ET Q q 0 0 0 rg BT 465.94 611.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 492.18 611.10 Td (March ) Tj ET Q q 0 0 0 rg BT 520.64 611.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 535.50 611.10 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 599.10 Td (and ) Tj ET Q q 0 0 0 rg BT 70.94 599.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 109.52 599.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 143.67 599.10 Td (that ) Tj ET Q q 0 0 0 rg BT 161.17 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.88 599.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 221.71 599.10 Td (net ) Tj ET Q q 0 0 0 rg BT 236.43 599.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 274.46 599.10 Td (on ) Tj ET Q q 0 0 0 rg BT 286.96 599.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.90 599.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 329.73 599.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 367.20 599.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 389.70 599.10 Td (were ) Tj ET Q q 0 0 0 rg BT 411.63 599.10 Td (unchanged ) Tj ET Q q 0 0 0 rg BT 457.45 599.10 Td (from ) Tj ET Q q 0 0 0 rg BT 479.39 599.10 Td (period ) Tj ET Q q 0 0 0 rg BT 507.43 599.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.71 599.10 Td (period.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.20 30.20 Td (1) Tj ET Q q 0 0 0 rg BT 305.75 30.20 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 742.25 Td (Results of Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 712.85 Td (Thr) Tj ET Q q 0 0 0 rg BT 70.49 712.85 Td (ee) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.37 712.85 Td ( ) Tj ET Q q 0 0 0 rg BT 81.87 712.85 Td (months ) Tj ET Q q 0 0 0 rg BT 116.04 712.85 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.10 712.85 Td (Mar) Tj ET Q q 0 0 0 rg BT 162.80 712.85 Td (ch31, ) Tj ET Q q 0 0 0 rg BT 190.30 712.85 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.30 712.85 Td ( ) Tj ET Q q 0 0 0 rg BT 212.80 712.85 Td (compar) Tj ET Q q 0 0 0 rg BT 245.39 712.85 Td (ed ) Tj ET Q q 0 0 0 rg BT 257.89 712.85 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.72 712.85 Td (thr) Tj ET Q q 0 0 0 rg BT 281.87 712.85 Td (ee ) Tj ET Q q 0 0 0 rg BT 293.24 712.85 Td (months ) Tj ET Q q 0 0 0 rg BT 327.42 712.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 355.48 712.85 Td (Mar) Tj ET Q q 0 0 0 rg BT 374.18 712.85 Td (ch ) Tj ET Q q 0 0 0 rg BT 386.68 712.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 401.68 712.85 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.68 712.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 688.85 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 688.85 Td (The ) Tj ET Q q 0 0 0 rg BT 107.99 688.85 Td (following ) Tj ET Q q 0 0 0 rg BT 149.33 688.85 Td (is ) Tj ET Q q 0 0 0 rg BT 158.45 688.85 Td (a ) Tj ET Q q 0 0 0 rg BT 165.33 688.85 Td (discussion ) Tj ET Q q 0 0 0 rg BT 209.45 688.85 Td (of ) Tj ET Q q 0 0 0 rg BT 220.23 688.85 Td (the ) Tj ET Q q 0 0 0 rg BT 234.89 688.85 Td (results ) Tj ET Q q 0 0 0 rg BT 263.45 688.85 Td (of ) Tj ET Q q 0 0 0 rg BT 274.23 688.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 318.33 688.85 Td (for ) Tj ET Q q 0 0 0 rg BT 332.44 688.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.10 688.85 Td (three ) Tj ET Q q 0 0 0 rg BT 369.54 688.85 Td (months ) Tj ET Q q 0 0 0 rg BT 401.43 688.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 427.76 688.85 Td (March ) Tj ET Q q 0 0 0 rg BT 456.30 688.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 471.25 688.85 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.25 688.85 Td ( ) Tj ET Q q 0 0 0 rg BT 493.70 688.85 Td (compared ) Tj ET Q q 0 0 0 rg BT 535.57 688.85 Td (to ) Tj ET Q q 0 0 0 rg BT 545.80 688.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 676.85 Td (three ) Tj ET Q q 0 0 0 rg BT 77.08 676.85 Td (months ) Tj ET Q q 0 0 0 rg BT 109.63 676.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 136.60 676.85 Td (March ) Tj ET Q q 0 0 0 rg BT 165.80 676.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 181.40 676.85 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.40 676.85 Td (. ) Tj ET Q q 0 0 0 rg BT 206.77 676.85 Td (The ) Tj ET Q q 0 0 0 rg BT 225.42 676.85 Td (presentation ) Tj ET Q q 0 0 0 rg BT 277.39 676.85 Td (includes ) Tj ET Q q 0 0 0 rg BT 313.81 676.85 Td (line ) Tj ET Q q 0 0 0 rg BT 331.91 676.85 Td (items ) Tj ET Q q 0 0 0 rg BT 356.67 676.85 Td (as ) Tj ET Q q 0 0 0 rg BT 368.10 676.85 Td (a ) Tj ET Q q 0 0 0 rg BT 375.63 676.85 Td (percentage ) Tj ET Q q 0 0 0 rg BT 422.03 676.85 Td (of ) Tj ET Q q 0 0 0 rg BT 433.46 676.85 Td (net ) Tj ET Q q 0 0 0 rg BT 448.78 676.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 487.41 676.85 Td (for ) Tj ET Q q 0 0 0 rg BT 502.17 676.85 Td (the ) Tj ET Q q 0 0 0 rg BT 517.48 676.85 Td (respective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 664.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 85.94 664.85 Td (presented ) Tj ET Q q 0 0 0 rg BT 126.75 664.85 Td (to ) Tj ET Q q 0 0 0 rg BT 137.03 664.85 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 174.51 664.85 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 242.54 664.85 Td (comparisons.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 55.00 586.35 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 586.35 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 586.35 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 586.35 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 586.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 586.35 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 586.35 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 586.35 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.00 556.35 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 556.35 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 556.35 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 556.35 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 556.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 556.35 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 556.35 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 556.35 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.00 526.35 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 526.35 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 526.35 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 526.35 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 526.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 526.35 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 526.35 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 526.35 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.00 496.35 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 496.35 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 496.35 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 496.35 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 496.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 496.35 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 496.35 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 496.35 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.00 466.35 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 466.35 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 466.35 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 466.35 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 466.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 466.35 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 466.35 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 466.35 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.00 436.35 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 436.35 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 436.35 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 436.35 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 436.35 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 436.35 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 436.35 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 436.35 67.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 627.35 m 330 627.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 627.35 m 336 627.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 627.35 m 408 627.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 627.35 m 413 627.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 627.35 m 481 627.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 627.35 m 489 627.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 627.35 m 556 627.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 601.35 m 330 601.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 601.35 m 408 601.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 601.35 m 481 601.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 601.35 m 556 601.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 586.35 m 330 586.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 586.35 m 336 586.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 586.35 m 408 586.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 586.35 m 413 586.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 586.35 m 481 586.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 586.35 m 489 586.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 586.35 m 556 586.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 496.35 m 408 496.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 496.35 m 481 496.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 496.35 m 556 496.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 496.35 m 330 496.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 496.35 m 481 496.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 466.35 m 330 466.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 466.35 m 408 466.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 466.35 m 481 466.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 466.35 m 556 466.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 466.35 m 330 466.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 466.35 m 481 466.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 436.35 m 330 436.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 436.35 m 481 436.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 436.35 m 330 436.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 422.35 m 330 422.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 420.35 m 330 420.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 436.35 m 408 436.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 422.35 m 408 422.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 420.35 m 408 420.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 436.35 m 481 436.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 422.35 m 481 422.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 420.35 m 481 420.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 436.35 m 556 436.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 422.35 m 556 422.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 420.35 m 556 420.35 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.10 631.80 Td (For) Tj ET Q q 0 0 0 rg BT 350.93 631.80 Td ( the thr) Tj ET Q q 0 0 0 rg BT 379.26 631.80 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 462.34 631.80 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 287.00 605.80 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.45 614.80 Td (Per) Tj ET Q q 0 0 0 rg BT 358.77 614.80 Td (centage of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 347.45 605.80 Td (net r) Tj ET Q q 0 0 0 rg BT 365.53 605.80 Td (evenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.50 605.80 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.95 614.80 Td (Per) Tj ET Q q 0 0 0 rg BT 509.27 614.80 Td (centage of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 497.95 605.80 Td (net r) Tj ET Q q 0 0 0 rg BT 516.03 605.80 Td (evenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.25 590.81 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 577.61 Td (Net revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.00 575.81 Td (831) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 575.81 Td (100.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.00 575.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.00 575.81 Td (821) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 575.81 Td (100.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 575.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 562.61 Td (Cost of sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.00 560.81 Td (391) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 560.81 Td (47.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.00 560.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.00 560.81 Td (398) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 560.81 Td (48.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 560.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 547.61 Td (Selling, general and administrative costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.50 545.81 Td (66) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.75 545.81 Td (8.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.00 545.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.50 545.81 Td (73) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 545.81 Td (8.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 545.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 532.61 Td (Research and development costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.00 530.81 Td (173) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 530.81 Td (20.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.00 530.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.00 530.81 Td (172) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 530.81 Td (21.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 530.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 517.61 Td (Other \(income\)/expenses, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.00 515.81 Td (\(9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.50 515.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.75 515.81 Td (\(1.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.00 515.81 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 515.81 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 515.81 Td (0.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 515.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 500.81 Td (Result from investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.50 500.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 500.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.00 500.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 500.81 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 500.81 Td (0.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 500.81 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.50 487.75 Td (EBIT) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 313.00 485.80 Td (210) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.25 485.80 Td (25.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.50 485.80 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.00 485.80 Td (177) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.75 485.80 Td (21.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.50 485.80 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 472.61 Td (Net financial expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.00 470.81 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.75 470.81 Td (0.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.00 470.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 470.81 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 470.81 Td (0.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 470.81 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.50 457.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 66.83 457.75 Td (ofit befor) Tj ET Q q 0 0 0 rg BT 102.40 457.75 Td (e taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 313.00 455.80 Td (206) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.25 455.80 Td (24.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.50 455.80 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.00 455.80 Td (173) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.75 455.80 Td (21.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.50 455.80 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 442.61 Td (Income tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.50 440.81 Td (57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.75 440.81 Td (6.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.00 440.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.50 440.81 Td (49) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 440.81 Td (6.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 440.81 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.50 427.75 Td (Net pr) Tj ET Q q 0 0 0 rg BT 82.08 427.75 Td (ofit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 313.00 425.80 Td (149) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.25 425.80 Td (17.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.50 425.80 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.00 425.80 Td (124) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.75 425.80 Td (15.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.50 425.80 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 397.85 Td (Net r) Tj ET Q q 0 0 0 rg BT 75.75 397.85 Td (evenues) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 328.35 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 328.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 328.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 328.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 328.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 328.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 328.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 328.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 328.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 328.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 328.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 328.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 328.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 300.35 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 300.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 300.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 300.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 300.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 300.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 300.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 300.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 300.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 300.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 300.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 300.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 300.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 272.35 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 272.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 272.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 272.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 272.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 272.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 272.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 272.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 272.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 272.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 272.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 272.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 272.35 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 373.35 m 263.5 373.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 373.35 m 267.5 373.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 373.35 m 322.5 373.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 373.35 m 326.5 373.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 373.35 m 381.5 373.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 373.35 m 385.5 373.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 373.35 m 440.5 373.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 373.35 m 499.5 373.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 373.35 m 503.5 373.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 373.35 m 558.5 373.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 373.35 m 263.5 373.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 341.35 m 263.5 341.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 373.35 m 322.5 373.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 341.35 m 322.5 341.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 373.35 m 381.5 373.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 341.35 m 381.5 341.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 373.35 m 440.5 373.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 341.35 m 440.5 341.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 341.35 m 499.5 341.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 341.35 m 503.5 341.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 341.35 m 558.5 341.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 341.35 m 263.5 341.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 341.35 m 322.5 341.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 341.35 m 381.5 341.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 341.35 m 440.5 341.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 272.35 m 263.5 272.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 272.35 m 381.5 272.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 272.35 m 263.5 272.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 259.35 m 263.5 259.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 257.35 m 263.5 257.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 272.35 m 322.5 272.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 259.35 m 322.5 259.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 257.35 m 322.5 257.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 272.35 m 381.5 272.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 259.35 m 381.5 259.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 257.35 m 381.5 257.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 272.35 m 440.5 272.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 259.35 m 440.5 259.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 257.35 m 440.5 257.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 272.35 m 499.5 272.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 259.35 m 499.5 259.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 257.35 m 499.5 257.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 272.35 m 558.5 272.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 259.35 m 558.5 259.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 257.35 m 558.5 257.35 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 377.80 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 252.10 377.80 Td (For) Tj ET Q q 0 0 0 rg BT 265.93 377.80 Td ( the thr) Tj ET Q q 0 0 0 rg BT 294.26 377.80 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 377.34 377.80 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.40 377.80 Td (Incr) Tj ET Q q 0 0 0 rg BT 479.73 377.80 Td (ease/\(Decr) Tj ET Q q 0 0 0 rg BT 519.54 377.80 Td (ease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.50 345.80 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.30 363.80 Td (Per) Tj ET Q q 0 0 0 rg BT 286.62 363.80 Td (centage ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 354.80 Td (of net ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.55 345.80 Td (r) Tj ET Q q 0 0 0 rg BT 281.38 345.80 Td (evenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.50 345.80 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.30 363.80 Td (Per) Tj ET Q q 0 0 0 rg BT 404.62 363.80 Td (centage ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.60 354.80 Td (of net ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.55 345.80 Td (r) Tj ET Q q 0 0 0 rg BT 399.38 345.80 Td (evenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.60 345.80 Td (2018 vs. 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.25 332.61 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 318.81 Td (Cars and spare parts) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 129.73 322.89 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.50 318.81 Td (612) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.25 318.81 Td (73.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 318.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 318.81 Td (581) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.25 318.81 Td (70.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 318.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 318.81 Td (31) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 318.81 Td (5.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 318.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 304.81 Td (Engines) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 86.00 308.89 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 304.81 Td (77) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.75 304.81 Td (9.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 304.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 304.81 Td (104) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.25 304.81 Td (12.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 304.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 304.81 Td (\(27) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 304.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 304.81 Td (\(26.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 304.81 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 290.81 Td (Sponsorship, commercial and brand) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 186.47 294.89 Td (\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.50 290.81 Td (125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.25 290.81 Td (15.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 290.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 290.81 Td (123) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.25 290.81 Td (14.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 290.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 290.81 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 290.81 Td (2.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 290.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 276.81 Td (Other) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 77.49 280.89 Td (\(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 276.81 Td (17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.75 276.81 Td (2.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 276.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 276.81 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.75 276.81 Td (1.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 276.81 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 276.81 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 276.81 Td (34.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 276.81 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 262.80 Td (T) Tj ET Q q 0 0 0 rg BT 62.18 262.80 Td (otal net r) Tj ET Q q 0 0 0 rg BT 97.00 262.80 Td (evenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 246.50 263.30 Td (831) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 292.75 262.80 Td (100.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 313.00 262.80 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.50 263.30 Td (821) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.75 262.80 Td (100.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.00 262.80 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.00 262.80 Td (10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.25 262.80 Td (1.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 262.80 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 54.00 248.05 Td (_________________________________) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 238.45 Td (\(1\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 238.45 Td (Includes ) Tj ET Q q 0 0 0 rg BT 101.28 238.45 Td (the ) Tj ET Q q 0 0 0 rg BT 113.23 238.45 Td (net ) Tj ET Q q 0 0 0 rg BT 125.19 238.45 Td (r) Tj ET Q q 0 0 0 rg BT 128.00 238.45 Td (evenues ) Tj ET Q q 0 0 0 rg BT 155.50 238.45 Td (generated ) Tj ET Q q 0 0 0 rg BT 189.67 238.45 Td (fr) Tj ET Q q 0 0 0 rg BT 194.71 238.45 Td (om ) Tj ET Q q 0 0 0 rg BT 206.66 238.45 Td (shipments ) Tj ET Q q 0 0 0 rg BT 240.84 238.45 Td (of ) Tj ET Q q 0 0 0 rg BT 249.25 238.45 Td (our ) Tj ET Q q 0 0 0 rg BT 262.54 238.45 Td (cars, ) Tj ET Q q 0 0 0 rg BT 280.50 238.45 Td (including ) Tj ET Q q 0 0 0 rg BT 312.89 238.45 Td (any ) Tj ET Q q 0 0 0 rg BT 326.63 238.45 Td (personalization ) Tj ET Q q 0 0 0 rg BT 378.59 238.45 Td (net ) Tj ET Q q 0 0 0 rg BT 390.54 238.45 Td (r) Tj ET Q q 0 0 0 rg BT 393.36 238.45 Td (evenues ) Tj ET Q q 0 0 0 rg BT 420.85 238.45 Td (generated ) Tj ET Q q 0 0 0 rg BT 455.02 238.45 Td (on ) Tj ET Q q 0 0 0 rg BT 465.20 238.45 Td (these ) Tj ET Q q 0 0 0 rg BT 483.82 238.45 Td (cars ) Tj ET Q q 0 0 0 rg BT 499.77 238.45 Td (and ) Tj ET Q q 0 0 0 rg BT 513.95 238.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 532.13 238.45 Td (of ) Tj ET Q q 0 0 0 rg BT 540.54 238.45 Td (spar) Tj ET Q q 0 0 0 rg BT 554.46 238.45 Td (e ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 228.85 Td (parts. ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 219.25 Td (\(2\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 219.25 Td (Includes ) Tj ET Q q 0 0 0 rg BT 101.36 219.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.39 219.25 Td (net ) Tj ET Q q 0 0 0 rg BT 125.42 219.25 Td (r) Tj ET Q q 0 0 0 rg BT 128.24 219.25 Td (evenues ) Tj ET Q q 0 0 0 rg BT 155.81 219.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 190.06 219.25 Td (fr) Tj ET Q q 0 0 0 rg BT 195.10 219.25 Td (om ) Tj ET Q q 0 0 0 rg BT 207.13 219.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.16 219.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 234.31 219.25 Td (of ) Tj ET Q q 0 0 0 rg BT 242.79 219.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 269.48 219.25 Td (to ) Tj ET Q q 0 0 0 rg BT 277.96 219.25 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 309.11 219.25 Td (for ) Tj ET Q q 0 0 0 rg BT 320.70 219.25 Td (use ) Tj ET Q q 0 0 0 rg BT 333.63 219.25 Td (in ) Tj ET Q q 0 0 0 rg BT 342.11 219.25 Td (their ) Tj ET Q q 0 0 0 rg BT 359.47 219.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 375.51 219.25 Td (and ) Tj ET Q q 0 0 0 rg BT 389.77 219.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.80 219.25 Td (r) Tj ET Q q 0 0 0 rg BT 404.61 219.25 Td (evenues ) Tj ET Q q 0 0 0 rg BT 432.19 219.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 466.43 219.25 Td (fr) Tj ET Q q 0 0 0 rg BT 471.47 219.25 Td (om ) Tj ET Q q 0 0 0 rg BT 483.51 219.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.54 219.25 Td (r) Tj ET Q q 0 0 0 rg BT 498.36 219.25 Td (ental ) Tj ET Q q 0 0 0 rg BT 516.61 219.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.09 219.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 551.79 219.25 Td (to ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 209.65 Td (other ) Tj ET Q q 0 0 0 rg BT 90.89 209.65 Td (Formula ) Tj ET Q q 0 0 0 rg BT 120.89 209.65 Td (1 ) Tj ET Q q 0 0 0 rg BT 126.89 209.65 Td (racing ) Tj ET Q q 0 0 0 rg BT 149.77 209.65 Td (teams.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 200.05 Td (\(3\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 200.05 Td (Includes ) Tj ET Q q 0 0 0 rg BT 101.81 200.05 Td (net ) Tj ET Q q 0 0 0 rg BT 114.29 200.05 Td (r) Tj ET Q q 0 0 0 rg BT 117.11 200.05 Td (evenues ) Tj ET Q q 0 0 0 rg BT 145.13 200.05 Td (earned ) Tj ET Q q 0 0 0 rg BT 170.05 200.05 Td (by ) Tj ET Q q 0 0 0 rg BT 180.31 200.05 Td (our ) Tj ET Q q 0 0 0 rg BT 194.13 200.05 Td (Formula ) Tj ET Q q 0 0 0 rg BT 224.84 200.05 Td (1 ) Tj ET Q q 0 0 0 rg BT 231.54 200.05 Td (racing ) Tj ET Q q 0 0 0 rg BT 255.14 200.05 Td (team ) Tj ET Q q 0 0 0 rg BT 273.39 200.05 Td (thr) Tj ET Q q 0 0 0 rg BT 282.43 200.05 Td (ough ) Tj ET Q q 0 0 0 rg BT 301.14 200.05 Td (sponsorship ) Tj ET Q q 0 0 0 rg BT 342.52 200.05 Td (agr) Tj ET Q q 0 0 0 rg BT 353.34 200.05 Td (eements ) Tj ET Q q 0 0 0 rg BT 381.81 200.05 Td (and ) Tj ET Q q 0 0 0 rg BT 396.52 200.05 Td (our ) Tj ET Q q 0 0 0 rg BT 410.34 200.05 Td (shar) Tj ET Q q 0 0 0 rg BT 424.27 200.05 Td (e ) Tj ET Q q 0 0 0 rg BT 430.53 200.05 Td (of ) Tj ET Q q 0 0 0 rg BT 439.46 200.05 Td (the ) Tj ET Q q 0 0 0 rg BT 451.94 200.05 Td (Formula ) Tj ET Q q 0 0 0 rg BT 482.64 200.05 Td (1 ) Tj ET Q q 0 0 0 rg BT 489.35 200.05 Td (W) Tj ET Q q 0 0 0 rg BT 495.28 200.05 Td (orld ) Tj ET Q q 0 0 0 rg BT 511.32 200.05 Td (Championship ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 190.45 Td (commer) Tj ET Q q 0 0 0 rg BT 97.47 190.45 Td (cial ) Tj ET Q q 0 0 0 rg BT 111.47 190.45 Td (r) Tj ET Q q 0 0 0 rg BT 114.29 190.45 Td (evenues ) Tj ET Q q 0 0 0 rg BT 141.60 190.45 Td (and ) Tj ET Q q 0 0 0 rg BT 155.60 190.45 Td (net ) Tj ET Q q 0 0 0 rg BT 167.38 190.45 Td (r) Tj ET Q q 0 0 0 rg BT 170.19 190.45 Td (evenues ) Tj ET Q q 0 0 0 rg BT 197.51 190.45 Td (generated ) Tj ET Q q 0 0 0 rg BT 231.50 190.45 Td (thr) Tj ET Q q 0 0 0 rg BT 240.54 190.45 Td (ough ) Tj ET Q q 0 0 0 rg BT 258.54 190.45 Td (the ) Tj ET Q q 0 0 0 rg BT 270.31 190.45 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 296.31 190.45 Td (brand, ) Tj ET Q q 0 0 0 rg BT 319.42 190.45 Td (including ) Tj ET Q q 0 0 0 rg BT 351.64 190.45 Td (mer) Tj ET Q q 0 0 0 rg BT 363.79 190.45 Td (chandising, ) Tj ET Q q 0 0 0 rg BT 402.89 190.45 Td (licensing ) Tj ET Q q 0 0 0 rg BT 433.78 190.45 Td (and ) Tj ET Q q 0 0 0 rg BT 447.78 190.45 Td (r) Tj ET Q q 0 0 0 rg BT 450.59 190.45 Td (oyalty ) Tj ET Q q 0 0 0 rg BT 472.14 190.45 Td (income.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 179.65 Td (\(4\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 72.00 179.65 Td (Primarily ) Tj ET Q q 0 0 0 rg BT 104.65 179.65 Td (includes ) Tj ET Q q 0 0 0 rg BT 132.85 179.65 Td (inter) Tj ET Q q 0 0 0 rg BT 147.66 179.65 Td (est ) Tj ET Q q 0 0 0 rg BT 158.09 179.65 Td (income ) Tj ET Q q 0 0 0 rg BT 182.73 179.65 Td (generated ) Tj ET Q q 0 0 0 rg BT 216.26 179.65 Td (by ) Tj ET Q q 0 0 0 rg BT 225.35 179.65 Td (the ) Tj ET Q q 0 0 0 rg BT 236.66 179.65 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 262.20 179.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 294.85 179.65 Td (Services ) Tj ET Q q 0 0 0 rg BT 323.04 179.65 Td (activities ) Tj ET Q q 0 0 0 rg BT 353.46 179.65 Td (and ) Tj ET Q q 0 0 0 rg BT 367.00 179.65 Td (net ) Tj ET Q q 0 0 0 rg BT 378.31 179.65 Td (r) Tj ET Q q 0 0 0 rg BT 381.13 179.65 Td (evenues ) Tj ET Q q 0 0 0 rg BT 407.99 179.65 Td (fr) Tj ET Q q 0 0 0 rg BT 413.03 179.65 Td (om ) Tj ET Q q 0 0 0 rg BT 424.34 179.65 Td (the ) Tj ET Q q 0 0 0 rg BT 435.66 179.65 Td (management ) Tj ET Q q 0 0 0 rg BT 478.08 179.65 Td (of ) Tj ET Q q 0 0 0 rg BT 485.84 179.65 Td (the ) Tj ET Q q 0 0 0 rg BT 497.15 179.65 Td (Mugello ) Tj ET Q q 0 0 0 rg BT 525.35 179.65 Td (racetrack.) Tj ET Q BT /F3 9.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 72.00 168.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 156.85 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 156.85 Td (Net ) Tj ET Q q 0 0 0 rg BT 106.65 156.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 144.40 156.85 Td (for ) Tj ET Q q 0 0 0 rg BT 158.28 156.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.71 156.85 Td (three ) Tj ET Q q 0 0 0 rg BT 194.90 156.85 Td (months ) Tj ET Q q 0 0 0 rg BT 226.57 156.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 252.66 156.85 Td (March ) Tj ET Q q 0 0 0 rg BT 280.97 156.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 295.68 156.85 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.68 156.85 Td ( ) Tj ET Q q 0 0 0 rg BT 317.90 156.85 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.54 156.85 Td (831 ) Tj ET Q q 0 0 0 rg BT 361.75 156.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.64 156.85 Td (, ) Tj ET Q q 0 0 0 rg BT 395.36 156.85 Td (an ) Tj ET Q q 0 0 0 rg BT 407.01 156.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 441.98 156.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.52 156.85 Td (10 ) Tj ET Q q 0 0 0 rg BT 469.73 156.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.62 156.85 Td (, ) Tj ET Q q 0 0 0 rg BT 503.34 156.85 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.88 156.85 Td (1.3 ) Tj ET Q q 0 0 0 rg BT 528.59 156.85 Td (percent) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 144.85 Td (\(an ) Tj ET Q q 0 0 0 rg BT 69.27 144.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 104.52 144.85 Td (of ) Tj ET Q q 0 0 0 rg BT 115.35 144.85 Td (6.3 ) Tj ET Q q 0 0 0 rg BT 130.35 144.85 Td (percent ) Tj ET Q q 0 0 0 rg BT 162.28 144.85 Td (on ) Tj ET Q q 0 0 0 rg BT 174.78 144.85 Td (a ) Tj ET Q q 0 0 0 rg BT 181.71 144.85 Td (constant ) Tj ET Q q 0 0 0 rg BT 217.54 144.85 Td (currency ) Tj ET Q q 0 0 0 rg BT 255.02 144.85 Td (basis\), ) Tj ET Q q 0 0 0 rg BT 283.35 144.85 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.28 144.85 Td (821 ) Tj ET Q q 0 0 0 rg BT 327.78 144.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.68 144.85 Td ( ) Tj ET Q q 0 0 0 rg BT 359.18 144.85 Td (for ) Tj ET Q q 0 0 0 rg BT 373.34 144.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.05 144.85 Td (three ) Tj ET Q q 0 0 0 rg BT 410.54 144.85 Td (months ) Tj ET Q q 0 0 0 rg BT 442.49 144.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 468.86 144.85 Td (March ) Tj ET Q q 0 0 0 rg BT 497.46 144.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 512.46 144.85 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.46 144.85 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 120.85 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 120.85 Td (The ) Tj ET Q q 0 0 0 rg BT 107.73 120.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 142.67 120.85 Td (in ) Tj ET Q q 0 0 0 rg BT 152.64 120.85 Td (net ) Tj ET Q q 0 0 0 rg BT 167.04 120.85 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 207.27 120.85 Td (including ) Tj ET Q q 0 0 0 rg BT 247.23 120.85 Td (the ) Tj ET Q q 0 0 0 rg BT 261.63 120.85 Td (negative ) Tj ET Q q 0 0 0 rg BT 297.69 120.85 Td (impact ) Tj ET Q q 0 0 0 rg BT 327.09 120.85 Td (of ) Tj ET Q q 0 0 0 rg BT 337.60 120.85 Td (foreign ) Tj ET Q q 0 0 0 rg BT 368.67 120.85 Td (currency) Tj ET Q q 0 0 0 rg BT 402.99 120.85 Td (, ) Tj ET Q q 0 0 0 rg BT 407.68 120.85 Td (was ) Tj ET Q q 0 0 0 rg BT 425.42 120.85 Td (attributable ) Tj ET Q q 0 0 0 rg BT 473.14 120.85 Td (to ) Tj ET Q q 0 0 0 rg BT 483.11 120.85 Td (the ) Tj ET Q q 0 0 0 rg BT 497.51 120.85 Td (combination ) Tj ET Q q 0 0 0 rg BT 549.69 120.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 108.85 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 66.51 108.85 Td (a ) Tj ET Q q 0 0 0 rg BT 74.01 108.85 Td (31 ) Tj ET Q q 0 0 0 rg BT 92.08 108.85 Td (million ) Tj ET Q q 0 0 0 rg BT 124.04 108.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 159.86 108.85 Td (in ) Tj ET Q q 0 0 0 rg BT 170.71 108.85 Td (cars ) Tj ET Q q 0 0 0 rg BT 189.87 108.85 Td (and ) Tj ET Q q 0 0 0 rg BT 207.38 108.85 Td (spare ) Tj ET Q q 0 0 0 rg BT 231.55 108.85 Td (parts ) Tj ET Q q 0 0 0 rg BT 254.05 108.85 Td (net ) Tj ET Q q 0 0 0 rg BT 269.34 108.85 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 310.44 108.85 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 325.73 108.85 Td (a ) Tj ET Q q 0 0 0 rg BT 333.23 108.85 Td (4 ) Tj ET Q q 0 0 0 rg BT 346.30 108.85 Td (million ) Tj ET Q q 0 0 0 rg BT 378.26 108.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 414.08 108.85 Td (in ) Tj ET Q q 0 0 0 rg BT 424.93 108.85 Td (other ) Tj ET Q q 0 0 0 rg BT 448.54 108.85 Td (net ) Tj ET Q q 0 0 0 rg BT 463.83 108.85 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 504.93 108.85 Td (and ) Tj ET Q q 0 0 0 rg BT 522.44 108.85 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 540.50 108.85 Td (a ) Tj ET Q q 0 0 0 rg BT 548.01 108.85 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 96.85 Td (million ) Tj ET Q q 0 0 0 rg BT 85.57 96.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 121.00 96.85 Td (in ) Tj ET Q q 0 0 0 rg BT 131.46 96.85 Td (sponsorship, ) Tj ET Q q 0 0 0 rg BT 184.43 96.85 Td (commercial ) Tj ET Q q 0 0 0 rg BT 234.30 96.85 Td (and ) Tj ET Q q 0 0 0 rg BT 251.42 96.85 Td (brand ) Tj ET Q q 0 0 0 rg BT 276.87 96.85 Td (net ) Tj ET Q q 0 0 0 rg BT 291.77 96.85 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 332.48 96.85 Td (partially ) Tj ET Q q 0 0 0 rg BT 368.48 96.85 Td (of) Tj ET Q q 0 0 0 rg BT 376.63 96.85 Td (fset ) Tj ET Q q 0 0 0 rg BT 393.75 96.85 Td (by ) Tj ET Q q 0 0 0 rg BT 406.43 96.85 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 423.55 96.85 Td (a ) Tj ET Q q 0 0 0 rg BT 430.67 96.85 Td (27 ) Tj ET Q q 0 0 0 rg BT 448.35 96.85 Td (million ) Tj ET Q q 0 0 0 rg BT 479.92 96.85 Td (decrease ) Tj ET Q q 0 0 0 rg BT 517.01 96.85 Td (in ) Tj ET Q q 0 0 0 rg BT 527.47 96.85 Td (engines ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 84.85 Td (net ) Tj ET Q q 0 0 0 rg BT 68.72 84.85 Td (revenues.) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 30.20 Td (12) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 742.25 Td (Cars ) Tj ET Q q 0 0 0 rg BT 75.95 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 94.01 742.25 Td (spare ) Tj ET Q q 0 0 0 rg BT 118.74 742.25 Td (parts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 718.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 107.21 718.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 145.51 718.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 187.14 718.25 Td (from ) Tj ET Q q 0 0 0 rg BT 209.35 718.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 228.22 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 245.42 718.25 Td (spare ) Tj ET Q q 0 0 0 rg BT 269.29 718.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 291.50 718.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.70 718.25 Td (612 ) Tj ET Q q 0 0 0 rg BT 336.46 718.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.36 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 368.13 718.25 Td (for ) Tj ET Q q 0 0 0 rg BT 382.55 718.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.54 718.25 Td (three ) Tj ET Q q 0 0 0 rg BT 420.29 718.25 Td (months ) Tj ET Q q 0 0 0 rg BT 452.51 718.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 479.16 718.25 Td (March ) Tj ET Q q 0 0 0 rg BT 508.02 718.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 523.29 718.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.29 718.25 Td (, ) Tj ET Q q 0 0 0 rg BT 548.56 718.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 706.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 90.26 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.09 706.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.59 706.25 Td (31 ) Tj ET Q q 0 0 0 rg BT 124.10 706.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.99 706.25 Td (, ) Tj ET Q q 0 0 0 rg BT 158.99 706.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.83 706.25 Td (5.2 ) Tj ET Q q 0 0 0 rg BT 186.83 706.25 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.25 706.25 Td (, ) Tj ET Q q 0 0 0 rg BT 222.26 706.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.20 706.25 Td (581 ) Tj ET Q q 0 0 0 rg BT 268.70 706.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.59 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 301.10 706.25 Td (for ) Tj ET Q q 0 0 0 rg BT 316.26 706.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.98 706.25 Td (three ) Tj ET Q q 0 0 0 rg BT 355.47 706.25 Td (months ) Tj ET Q q 0 0 0 rg BT 388.42 706.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 415.80 706.25 Td (March ) Tj ET Q q 0 0 0 rg BT 445.40 706.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 461.41 706.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.41 706.25 Td (. ) Tj ET Q q 0 0 0 rg BT 487.16 706.25 Td (The ) Tj ET Q q 0 0 0 rg BT 506.21 706.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 542.46 706.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 694.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 101.97 694.25 Td (to ) Tj ET Q q 0 0 0 rg BT 112.18 694.25 Td (a ) Tj ET Q q 0 0 0 rg BT 119.06 694.25 Td (36 ) Tj ET Q q 0 0 0 rg BT 136.49 694.25 Td (million ) Tj ET Q q 0 0 0 rg BT 167.82 694.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 203.00 694.25 Td (in ) Tj ET Q q 0 0 0 rg BT 213.22 694.25 Td (net ) Tj ET Q q 0 0 0 rg BT 227.87 694.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 265.84 694.25 Td (from ) Tj ET Q q 0 0 0 rg BT 287.71 694.25 Td (range ) Tj ET Q q 0 0 0 rg BT 312.35 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 329.22 694.25 Td (special ) Tj ET Q q 0 0 0 rg BT 359.42 694.25 Td (series ) Tj ET Q q 0 0 0 rg BT 384.63 694.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 403.16 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.03 694.25 Td (spare ) Tj ET Q q 0 0 0 rg BT 443.56 694.25 Td (parts, ) Tj ET Q q 0 0 0 rg BT 467.94 694.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 503.69 694.25 Td (of) Tj ET Q q 0 0 0 rg BT 511.84 694.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 528.71 694.25 Td (by ) Tj ET Q q 0 0 0 rg BT 541.15 694.25 Td (a ) Tj ET Q q 0 0 0 rg BT 548.02 694.25 Td (5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 682.25 Td (million ) Tj ET Q q 0 0 0 rg BT 85.39 682.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 122.31 682.25 Td (in ) Tj ET Q q 0 0 0 rg BT 132.58 682.25 Td (net ) Tj ET Q q 0 0 0 rg BT 147.30 682.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 185.34 682.25 Td (from ) Tj ET Q q 0 0 0 rg BT 207.28 682.25 Td (supercars ) Tj ET Q q 0 0 0 rg BT 247.54 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 264.47 682.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 295.30 682.25 Td (edition ) Tj ET Q q 0 0 0 rg BT 325.58 682.25 Td (cars. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 658.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.67 658.25 Td (36 ) Tj ET Q q 0 0 0 rg BT 124.79 658.25 Td (million ) Tj ET Q q 0 0 0 rg BT 155.80 658.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 190.68 658.25 Td (in ) Tj ET Q q 0 0 0 rg BT 200.58 658.25 Td (net ) Tj ET Q q 0 0 0 rg BT 214.92 658.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 252.58 658.25 Td (from ) Tj ET Q q 0 0 0 rg BT 274.14 658.25 Td (range ) Tj ET Q q 0 0 0 rg BT 298.46 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.02 658.25 Td (special ) Tj ET Q q 0 0 0 rg BT 344.91 658.25 Td (series ) Tj ET Q q 0 0 0 rg BT 369.80 658.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 388.02 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.58 658.25 Td (spare ) Tj ET Q q 0 0 0 rg BT 427.80 658.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 449.36 658.25 Td (was ) Tj ET Q q 0 0 0 rg BT 467.03 658.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 512.48 658.25 Td (attributable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 64.17 646.25 Td (an ) Tj ET Q q 0 0 0 rg BT 76.01 646.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 111.16 646.25 Td (in ) Tj ET Q q 0 0 0 rg BT 121.33 646.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 164.28 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.01 646.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 235.16 646.25 Td (130 ) Tj ET Q q 0 0 0 rg BT 252.55 646.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 271.05 646.25 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 316.21 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.82 646.25 Td (LaFerrari ) Tj ET Q q 0 0 0 rg BT 370.44 646.25 Td (Aperta\) ) Tj ET Q q 0 0 0 rg BT 403.37 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.20 646.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 454.26 646.25 Td (mix, ) Tj ET Q q 0 0 0 rg BT 474.72 646.25 Td (along ) Tj ET Q q 0 0 0 rg BT 499.33 646.25 Td (with ) Tj ET Q q 0 0 0 rg BT 519.50 646.25 Td (a ) Tj ET Q q 0 0 0 rg BT 526.33 646.25 Td (positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 634.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 104.58 634.25 Td (from ) Tj ET Q q 0 0 0 rg BT 125.72 634.25 Td (personalization ) Tj ET Q q 0 0 0 rg BT 188.51 634.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 227.98 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.12 634.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 274.15 634.25 Td (increases, ) Tj ET Q q 0 0 0 rg BT 315.00 634.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 350.02 634.25 Td (of) Tj ET Q q 0 0 0 rg BT 358.17 634.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 374.31 634.25 Td (by ) Tj ET Q q 0 0 0 rg BT 386.01 634.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 421.59 634.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 452.16 634.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 488.84 634.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 528.30 634.25 Td (impact. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 622.25 Td (Shipments ) Tj ET Q q 0 0 0 rg BT 98.84 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 109.60 622.25 Td (V12 ) Tj ET Q q 0 0 0 rg BT 129.43 622.25 Td (range ) Tj ET Q q 0 0 0 rg BT 154.26 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 171.31 622.25 Td (special ) Tj ET Q q 0 0 0 rg BT 201.69 622.25 Td (series ) Tj ET Q q 0 0 0 rg BT 227.07 622.25 Td (models ) Tj ET Q q 0 0 0 rg BT 258.57 622.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 298.94 622.25 Td (by ) Tj ET Q q 0 0 0 rg BT 311.56 622.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 371.93 622.25 Td (27 ) Tj ET Q q 0 0 0 rg BT 384.54 622.25 Td (percent, ) Tj ET Q q 0 0 0 rg BT 419.08 622.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 458.91 622.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 507.06 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 517.45 622.25 Td (shipments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 65.06 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 80.01 610.25 Td (812Superfast, ) Tj ET Q q 0 0 0 rg BT 138.00 610.25 Td (which ) Tj ET Q q 0 0 0 rg BT 165.17 610.25 Td (commenced ) Tj ET Q q 0 0 0 rg BT 216.21 610.25 Td (in ) Tj ET Q q 0 0 0 rg BT 226.72 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.67 610.25 Td (third ) Tj ET Q q 0 0 0 rg BT 263.28 610.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 294.33 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.39 610.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 330.62 610.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 366.67 610.25 Td (of) Tj ET Q q 0 0 0 rg BT 374.82 610.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 391.98 610.25 Td (by ) Tj ET Q q 0 0 0 rg BT 404.71 610.25 Td (a ) Tj ET Q q 0 0 0 rg BT 411.88 610.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 449.02 610.25 Td (in ) Tj ET Q q 0 0 0 rg BT 459.53 610.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 502.82 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.88 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.82 610.25 Td (F12tdf, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 598.25 Td (which ) Tj ET Q q 0 0 0 rg BT 81.34 598.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 116.46 598.25 Td (its ) Tj ET Q q 0 0 0 rg BT 128.80 598.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 160.04 598.25 Td (series ) Tj ET Q q 0 0 0 rg BT 185.70 598.25 Td (run ) Tj ET Q q 0 0 0 rg BT 201.93 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 212.61 598.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 238.01 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 255.35 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.47 598.25 Td (F12berlinetta, ) Tj ET Q q 0 0 0 rg BT 329.19 598.25 Td (which ) Tj ET Q q 0 0 0 rg BT 356.53 598.25 Td (was ) Tj ET Q q 0 0 0 rg BT 374.98 598.25 Td (phased-out ) Tj ET Q q 0 0 0 rg BT 421.76 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 432.44 598.25 Td (2017. ) Tj ET Q q 0 0 0 rg BT 457.84 598.25 Td (Shipments ) Tj ET Q q 0 0 0 rg BT 502.96 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.99 598.25 Td (V8 ) Tj ET Q q 0 0 0 rg BT 529.11 598.25 Td (models ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 586.25 Td (were ) Tj ET Q q 0 0 0 rg BT 76.73 586.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 130.59 586.25 Td (in ) Tj ET Q q 0 0 0 rg BT 141.67 586.25 Td (line ) Tj ET Q q 0 0 0 rg BT 159.97 586.25 Td (with ) Tj ET Q q 0 0 0 rg BT 181.06 586.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 203.80 586.25 Td (year) Tj ET Q q 0 0 0 rg BT 220.61 586.25 Td (, ) Tj ET Q q 0 0 0 rg BT 226.41 586.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 257.49 586.25 Td (due ) Tj ET Q q 0 0 0 rg BT 275.23 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 286.31 586.25 Td (an ) Tj ET Q q 0 0 0 rg BT 299.06 586.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 335.12 586.25 Td (in ) Tj ET Q q 0 0 0 rg BT 346.20 586.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 390.06 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 401.70 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.22 586.25 Td (488 ) Tj ET Q q 0 0 0 rg BT 435.52 586.25 Td (family ) Tj ET Q q 0 0 0 rg BT 464.93 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.67 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 498.19 586.25 Td (GTC4Lusso ) Tj ET Q q 0 0 0 rg BT 550.15 586.25 Td (T) Tj ET Q q 0 0 0 rg BT 555.52 586.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 574.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 89.82 574.25 Td (of) Tj ET Q q 0 0 0 rg BT 97.97 574.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 114.91 574.25 Td (by ) Tj ET Q q 0 0 0 rg BT 127.41 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.13 574.25 Td (phase ) Tj ET Q q 0 0 0 rg BT 167.39 574.25 Td (out ) Tj ET Q q 0 0 0 rg BT 182.67 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.50 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.22 574.25 Td (California ) Tj ET Q q 0 0 0 rg BT 251.08 574.25 Td (T) Tj ET Q q 0 0 0 rg BT 256.45 574.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 550.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.13 550.25 Td (36 ) Tj ET Q q 0 0 0 rg BT 125.72 550.25 Td (million ) Tj ET Q q 0 0 0 rg BT 157.19 550.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 192.53 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 202.90 550.25 Td (net ) Tj ET Q q 0 0 0 rg BT 217.70 550.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 255.82 550.25 Td (from ) Tj ET Q q 0 0 0 rg BT 277.85 550.25 Td (range ) Tj ET Q q 0 0 0 rg BT 302.64 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.66 550.25 Td (special ) Tj ET Q q 0 0 0 rg BT 350.01 550.25 Td (series ) Tj ET Q q 0 0 0 rg BT 375.37 550.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 394.05 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.07 550.25 Td (spare ) Tj ET Q q 0 0 0 rg BT 434.76 550.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 456.78 550.25 Td (was ) Tj ET Q q 0 0 0 rg BT 474.92 550.25 Td (due ) Tj ET Q q 0 0 0 rg BT 491.94 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 502.31 550.25 Td (an ) Tj ET Q q 0 0 0 rg BT 514.33 550.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 549.67 550.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 538.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 66.13 538.25 Td (39 ) Tj ET Q q 0 0 0 rg BT 83.82 538.25 Td (million ) Tj ET Q q 0 0 0 rg BT 115.41 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 125.88 538.25 Td (EMEA, ) Tj ET Q q 0 0 0 rg BT 159.40 538.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 174.31 538.25 Td (6 ) Tj ET Q q 0 0 0 rg BT 187.00 538.25 Td (million ) Tj ET Q q 0 0 0 rg BT 218.58 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 229.05 538.25 Td (China, ) Tj ET Q q 0 0 0 rg BT 258.13 538.25 Td (Hong ) Tj ET Q q 0 0 0 rg BT 283.04 538.25 Td (Kong ) Tj ET Q q 0 0 0 rg BT 307.96 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 324.89 538.25 Td (T) Tj ET Q q 0 0 0 rg BT 330.30 538.25 Td (aiwan ) Tj ET Q q 0 0 0 rg BT 356.87 538.25 Td (\(on ) Tj ET Q q 0 0 0 rg BT 372.89 538.25 Td (a ) Tj ET Q q 0 0 0 rg BT 380.02 538.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 422.15 538.25 Td (basis\), ) Tj ET Q q 0 0 0 rg BT 450.67 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 467.80 538.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 485.49 538.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 498.18 538.25 Td (million ) Tj ET Q q 0 0 0 rg BT 529.77 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 540.24 538.25 Td (Rest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 64.28 526.25 Td (AP) Tj ET Q q 0 0 0 rg BT 76.14 526.25 Td (AC, ) Tj ET Q q 0 0 0 rg BT 95.04 526.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 130.86 526.25 Td (of) Tj ET Q q 0 0 0 rg BT 139.00 526.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 155.94 526.25 Td (by ) Tj ET Q q 0 0 0 rg BT 168.44 526.25 Td (a ) Tj ET Q q 0 0 0 rg BT 175.38 526.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 192.32 526.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 209.82 526.25 Td (million ) Tj ET Q q 0 0 0 rg BT 241.21 526.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 278.13 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 287.85 526.25 Td (Americas.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 502.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.00 502.25 Td (39 ) Tj ET Q q 0 0 0 rg BT 125.45 502.25 Td (million ) Tj ET Q q 0 0 0 rg BT 156.79 502.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 192.00 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 202.23 502.25 Td (EMEA) Tj ET Q q 0 0 0 rg BT 230.00 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 232.46 502.25 Td (net ) Tj ET Q q 0 0 0 rg BT 247.12 502.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 285.11 502.25 Td (was ) Tj ET Q q 0 0 0 rg BT 303.12 502.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 342.78 502.25 Td (due ) Tj ET Q q 0 0 0 rg BT 359.67 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 369.90 502.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 408.99 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 419.78 502.25 Td (19 ) Tj ET Q q 0 0 0 rg BT 437.23 502.25 Td (million ) Tj ET Q q 0 0 0 rg BT 468.57 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 478.80 502.25 Td (Italy) Tj ET Q q 0 0 0 rg BT 496.47 502.25 Td (, ) Tj ET Q q 0 0 0 rg BT 501.43 502.25 Td (19 ) Tj ET Q q 0 0 0 rg BT 518.88 502.25 Td (million ) Tj ET Q q 0 0 0 rg BT 550.22 502.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 490.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 78.92 490.25 Td (EMEA, ) Tj ET Q q 0 0 0 rg BT 111.90 490.25 Td (8 ) Tj ET Q q 0 0 0 rg BT 124.06 490.25 Td (million ) Tj ET Q q 0 0 0 rg BT 155.10 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 165.03 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.40 490.25 Td (UK, ) Tj ET Q q 0 0 0 rg BT 198.50 490.25 Td (5 ) Tj ET Q q 0 0 0 rg BT 210.65 490.25 Td (million ) Tj ET Q q 0 0 0 rg BT 241.69 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 251.62 490.25 Td (Germany) Tj ET Q q 0 0 0 rg BT 288.18 490.25 Td (, ) Tj ET Q q 0 0 0 rg BT 292.83 490.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 304.98 490.25 Td (million ) Tj ET Q q 0 0 0 rg BT 336.03 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 345.96 490.25 Td (France, ) Tj ET Q q 0 0 0 rg BT 377.82 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 394.41 490.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 406.56 490.25 Td (million ) Tj ET Q q 0 0 0 rg BT 437.61 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 447.54 490.25 Td (Switzerland, ) Tj ET Q q 0 0 0 rg BT 499.95 490.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 535.42 490.25 Td (of) Tj ET Q q 0 0 0 rg BT 543.57 490.25 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 478.25 Td (by ) Tj ET Q q 0 0 0 rg BT 66.76 478.25 Td (a ) Tj ET Q q 0 0 0 rg BT 73.96 478.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 111.13 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 122.22 478.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 139.98 478.25 Td (million ) Tj ET Q q 0 0 0 rg BT 171.63 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 182.16 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.14 478.25 Td (Middle ) Tj ET Q q 0 0 0 rg BT 228.79 478.25 Td (East ) Tj ET Q q 0 0 0 rg BT 248.76 478.25 Td (due ) Tj ET Q q 0 0 0 rg BT 265.96 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 276.50 478.25 Td (a ) Tj ET Q q 0 0 0 rg BT 283.69 478.25 Td (reallocation ) Tj ET Q q 0 0 0 rg BT 333.65 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.74 478.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 388.05 478.25 Td (triggered ) Tj ET Q q 0 0 0 rg BT 426.91 478.25 Td (by ) Tj ET Q q 0 0 0 rg BT 439.66 478.25 Td (tough ) Tj ET Q q 0 0 0 rg BT 465.20 478.25 Td (market ) Tj ET Q q 0 0 0 rg BT 495.72 478.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 542.45 478.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 466.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 89.53 466.25 Td (was ) Tj ET Q q 0 0 0 rg BT 107.86 466.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 147.84 466.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 196.15 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 206.71 466.25 Td (an ) Tj ET Q q 0 0 0 rg BT 218.92 466.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 254.45 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 265.00 466.25 Td (shipments, ) Tj ET Q q 0 0 0 rg BT 310.83 466.25 Td (including ) Tj ET Q q 0 0 0 rg BT 351.38 466.25 Td (double-digit ) Tj ET Q q 0 0 0 rg BT 403.04 466.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 434.14 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 444.70 466.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 488.03 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 498.58 466.25 Td (Rest ) Tj ET Q q 0 0 0 rg BT 519.14 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 530.24 466.25 Td (EMEA) Tj ET Q q 0 0 0 rg BT 558.02 466.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 70.69 454.25 Td (Italy) Tj ET Q q 0 0 0 rg BT 88.37 454.25 Td (, ) Tj ET Q q 0 0 0 rg BT 93.12 454.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 132.59 454.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 160.39 454.25 Td (by ) Tj ET Q q 0 0 0 rg BT 172.65 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.12 454.25 Td (812Superfast ) Tj ET Q q 0 0 0 rg BT 242.14 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.84 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.31 454.25 Td (488 ) Tj ET Q q 0 0 0 rg BT 290.56 454.25 Td (family) Tj ET Q q 0 0 0 rg BT 316.02 454.25 Td (, ) Tj ET Q q 0 0 0 rg BT 320.77 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 337.46 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 347.50 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 361.97 454.25 Td (UK, ) Tj ET Q q 0 0 0 rg BT 381.17 454.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 420.63 454.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 448.44 454.25 Td (by ) Tj ET Q q 0 0 0 rg BT 460.69 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 475.16 454.25 Td (488 ) Tj ET Q q 0 0 0 rg BT 492.42 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 509.11 454.25 Td (GTC4Lusso ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 442.25 Td (families, ) Tj ET Q q 0 0 0 rg BT 91.21 442.25 Td (along ) Tj ET Q q 0 0 0 rg BT 115.93 442.25 Td (with ) Tj ET Q q 0 0 0 rg BT 136.21 442.25 Td (a ) Tj ET Q q 0 0 0 rg BT 143.15 442.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 173.40 442.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 224.78 442.25 Td (from ) Tj ET Q q 0 0 0 rg BT 246.72 442.25 Td (personalization ) Tj ET Q q 0 0 0 rg BT 310.31 442.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 350.58 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 367.52 442.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 398.34 442.25 Td (increases.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 418.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.33 418.25 Td (6 ) Tj ET Q q 0 0 0 rg BT 119.10 418.25 Td (million ) Tj ET Q q 0 0 0 rg BT 149.77 418.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 184.31 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 193.86 418.25 Td (China, ) Tj ET Q q 0 0 0 rg BT 222.03 418.25 Td (Hong ) Tj ET Q q 0 0 0 rg BT 246.03 418.25 Td (Kong ) Tj ET Q q 0 0 0 rg BT 270.03 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 286.12 418.25 Td (T) Tj ET Q q 0 0 0 rg BT 291.53 418.25 Td (aiwan ) Tj ET Q q 0 0 0 rg BT 317.19 418.25 Td (\(on ) Tj ET Q q 0 0 0 rg BT 332.29 418.25 Td (a ) Tj ET Q q 0 0 0 rg BT 338.51 418.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 379.72 418.25 Td (basis\) ) Tj ET Q q 0 0 0 rg BT 404.83 418.25 Td (net ) Tj ET Q q 0 0 0 rg BT 418.83 418.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 456.14 418.25 Td (was ) Tj ET Q q 0 0 0 rg BT 473.48 418.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 512.47 418.25 Td (attributable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 64.53 406.25 Td (an ) Tj ET Q q 0 0 0 rg BT 76.71 406.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 112.22 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 122.75 406.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 166.05 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.24 406.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 217.65 406.25 Td (mix, ) Tj ET Q q 0 0 0 rg BT 238.46 406.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 274.53 406.25 Td (of) Tj ET Q q 0 0 0 rg BT 282.68 406.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 299.86 406.25 Td (by ) Tj ET Q q 0 0 0 rg BT 312.61 406.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 349.23 406.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 380.86 406.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 418.58 406.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 459.09 406.25 Td (impact. ) Tj ET Q q 0 0 0 rg BT 491.55 406.25 Td (In ) Tj ET Q q 0 0 0 rg BT 502.63 406.25 Td (particular) Tj ET Q q 0 0 0 rg BT 540.54 406.25 Td (, ) Tj ET Q q 0 0 0 rg BT 545.79 406.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 394.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 89.25 394.25 Td (in ) Tj ET Q q 0 0 0 rg BT 99.53 394.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 142.59 394.25 Td (was ) Tj ET Q q 0 0 0 rg BT 160.64 394.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 188.69 394.25 Td (by ) Tj ET Q q 0 0 0 rg BT 201.19 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 215.90 394.25 Td (812Superfast ) Tj ET Q q 0 0 0 rg BT 271.17 394.25 Td (as ) Tj ET Q q 0 0 0 rg BT 282.00 394.25 Td (well ) Tj ET Q q 0 0 0 rg BT 301.72 394.25 Td (as ) Tj ET Q q 0 0 0 rg BT 312.55 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.27 394.25 Td (488 ) Tj ET Q q 0 0 0 rg BT 344.77 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 361.71 394.25 Td (GTC4Lusso ) Tj ET Q q 0 0 0 rg BT 413.10 394.25 Td (families.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 369.05 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 369.05 Td (The ) Tj ET Q q 0 0 0 rg BT 108.00 369.05 Td (1 ) Tj ET Q q 0 0 0 rg BT 120.45 369.05 Td (million ) Tj ET Q q 0 0 0 rg BT 151.79 369.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 187.00 369.05 Td (in ) Tj ET Q q 0 0 0 rg BT 197.23 369.05 Td (Rest ) Tj ET Q q 0 0 0 rg BT 217.46 369.05 Td (of ) Tj ET Q q 0 0 0 rg BT 227.70 369.05 Td (AP) Tj ET Q q 0 0 0 rg BT 239.56 369.05 Td (AC ) Tj ET Q q 0 0 0 rg BT 255.90 369.05 Td (net ) Tj ET Q q 0 0 0 rg BT 270.57 369.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 308.56 369.05 Td (was ) Tj ET Q q 0 0 0 rg BT 326.56 369.05 Td (attributable ) Tj ET Q q 0 0 0 rg BT 374.55 369.05 Td (to ) Tj ET Q q 0 0 0 rg BT 384.78 369.05 Td (an ) Tj ET Q q 0 0 0 rg BT 396.67 369.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 431.88 369.05 Td (in ) Tj ET Q q 0 0 0 rg BT 442.11 369.05 Td (net ) Tj ET Q q 0 0 0 rg BT 456.77 369.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 494.76 369.05 Td (in ) Tj ET Q q 0 0 0 rg BT 504.45 369.05 Td (Australia ) Tj ET Q q 0 0 0 rg BT 543.56 369.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 357.05 Td (Japan, ) Tj ET Q q 0 0 0 rg BT 81.81 357.05 Td (partially ) Tj ET Q q 0 0 0 rg BT 117.68 357.05 Td (of) Tj ET Q q 0 0 0 rg BT 125.83 357.05 Td (fset ) Tj ET Q q 0 0 0 rg BT 142.82 357.05 Td (by ) Tj ET Q q 0 0 0 rg BT 155.36 357.05 Td (a ) Tj ET Q q 0 0 0 rg BT 162.35 357.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 199.31 357.05 Td (in ) Tj ET Q q 0 0 0 rg BT 209.63 357.05 Td (net ) Tj ET Q q 0 0 0 rg BT 224.40 357.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 262.48 357.05 Td (in ) Tj ET Q q 0 0 0 rg BT 272.80 357.05 Td (other ) Tj ET Q q 0 0 0 rg BT 295.90 357.05 Td (Rest ) Tj ET Q q 0 0 0 rg BT 316.22 357.05 Td (of ) Tj ET Q q 0 0 0 rg BT 326.54 357.05 Td (AP) Tj ET Q q 0 0 0 rg BT 338.40 357.05 Td (AC. ) Tj ET Q q 0 0 0 rg BT 357.16 357.05 Td (The ) Tj ET Q q 0 0 0 rg BT 375.25 357.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 410.55 357.05 Td (in ) Tj ET Q q 0 0 0 rg BT 420.87 357.05 Td (Japan ) Tj ET Q q 0 0 0 rg BT 446.19 357.05 Td (and ) Tj ET Q q 0 0 0 rg BT 462.61 357.05 Td (Australia ) Tj ET Q q 0 0 0 rg BT 501.81 357.05 Td (was ) Tj ET Q q 0 0 0 rg BT 519.91 357.05 Td (driven ) Tj ET Q q 0 0 0 rg BT 548.00 357.05 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 345.05 Td (positive ) Tj ET Q q 0 0 0 rg BT 87.59 345.05 Td (volume ) Tj ET Q q 0 0 0 rg BT 119.50 345.05 Td (and ) Tj ET Q q 0 0 0 rg BT 135.86 345.05 Td (mix, ) Tj ET Q q 0 0 0 rg BT 155.84 345.05 Td (as ) Tj ET Q q 0 0 0 rg BT 166.09 345.05 Td (well ) Tj ET Q q 0 0 0 rg BT 185.22 345.05 Td (as ) Tj ET Q q 0 0 0 rg BT 195.48 345.05 Td (positive ) Tj ET Q q 0 0 0 rg BT 229.06 345.05 Td (contribution ) Tj ET Q q 0 0 0 rg BT 279.86 345.05 Td (from ) Tj ET Q q 0 0 0 rg BT 301.22 345.05 Td (our ) Tj ET Q q 0 0 0 rg BT 316.47 345.05 Td (personalization ) Tj ET Q q 0 0 0 rg BT 379.48 345.05 Td (programs, ) Tj ET Q q 0 0 0 rg BT 421.67 345.05 Td (partially ) Tj ET Q q 0 0 0 rg BT 456.91 345.05 Td (of) Tj ET Q q 0 0 0 rg BT 465.06 345.05 Td (fset ) Tj ET Q q 0 0 0 rg BT 481.42 345.05 Td (by ) Tj ET Q q 0 0 0 rg BT 493.34 345.05 Td (negative ) Tj ET Q q 0 0 0 rg BT 529.13 345.05 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 333.05 Td (currency ) Tj ET Q q 0 0 0 rg BT 91.48 333.05 Td (exchange ) Tj ET Q q 0 0 0 rg BT 131.73 333.05 Td (impact.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 309.05 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 309.05 Td (The ) Tj ET Q q 0 0 0 rg BT 108.17 309.05 Td (10 ) Tj ET Q q 0 0 0 rg BT 125.79 309.05 Td (million ) Tj ET Q q 0 0 0 rg BT 157.30 309.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 194.34 309.05 Td (in ) Tj ET Q q 0 0 0 rg BT 204.16 309.05 Td (Americas ) Tj ET Q q 0 0 0 rg BT 245.10 309.05 Td (net ) Tj ET Q q 0 0 0 rg BT 259.94 309.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 298.10 309.05 Td (was ) Tj ET Q q 0 0 0 rg BT 316.27 309.05 Td (primarily ) Tj ET Q q 0 0 0 rg BT 356.11 309.05 Td (attributable ) Tj ET Q q 0 0 0 rg BT 404.27 309.05 Td (to ) Tj ET Q q 0 0 0 rg BT 414.67 309.05 Td (negative ) Tj ET Q q 0 0 0 rg BT 451.16 309.05 Td (foreign ) Tj ET Q q 0 0 0 rg BT 482.66 309.05 Td (currency ) Tj ET Q q 0 0 0 rg BT 520.26 309.05 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 297.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 83.71 297.05 Td (partially ) Tj ET Q q 0 0 0 rg BT 119.53 297.05 Td (of) Tj ET Q q 0 0 0 rg BT 127.68 297.05 Td (fset ) Tj ET Q q 0 0 0 rg BT 144.62 297.05 Td (by ) Tj ET Q q 0 0 0 rg BT 157.12 297.05 Td (positive ) Tj ET Q q 0 0 0 rg BT 191.29 297.05 Td (mix, ) Tj ET Q q 0 0 0 rg BT 211.84 297.05 Td (driven ) Tj ET Q q 0 0 0 rg BT 239.89 297.05 Td (by ) Tj ET Q q 0 0 0 rg BT 252.39 297.05 Td (the ) Tj ET Q q 0 0 0 rg BT 267.11 297.05 Td (812Superfast, ) Tj ET Q q 0 0 0 rg BT 324.87 297.05 Td (as ) Tj ET Q q 0 0 0 rg BT 335.70 297.05 Td (well ) Tj ET Q q 0 0 0 rg BT 355.42 297.05 Td (as ) Tj ET Q q 0 0 0 rg BT 366.25 297.05 Td (our ) Tj ET Q q 0 0 0 rg BT 382.08 297.05 Td (personalization ) Tj ET Q q 0 0 0 rg BT 445.67 297.05 Td (programs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 273.05 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 273.05 Td (The ) Tj ET Q q 0 0 0 rg BT 107.76 273.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 144.39 273.05 Td (in ) Tj ET Q q 0 0 0 rg BT 154.38 273.05 Td (net ) Tj ET Q q 0 0 0 rg BT 168.81 273.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 206.56 273.05 Td (from ) Tj ET Q q 0 0 0 rg BT 228.22 273.05 Td (supercars ) Tj ET Q q 0 0 0 rg BT 268.19 273.05 Td (and ) Tj ET Q q 0 0 0 rg BT 284.84 273.05 Td (limited ) Tj ET Q q 0 0 0 rg BT 315.39 273.05 Td (edition ) Tj ET Q q 0 0 0 rg BT 345.38 273.05 Td (cars ) Tj ET Q q 0 0 0 rg BT 363.69 273.05 Td (was ) Tj ET Q q 0 0 0 rg BT 381.46 273.05 Td (attributable ) Tj ET Q q 0 0 0 rg BT 429.21 273.05 Td (to ) Tj ET Q q 0 0 0 rg BT 439.20 273.05 Td (a ) Tj ET Q q 0 0 0 rg BT 445.85 273.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 482.48 273.05 Td (in ) Tj ET Q q 0 0 0 rg BT 492.47 273.05 Td (shipments ) Tj ET Q q 0 0 0 rg BT 535.24 273.05 Td (of ) Tj ET Q q 0 0 0 rg BT 545.79 273.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 261.05 Td (LaFerrari ) Tj ET Q q 0 0 0 rg BT 93.70 261.05 Td (Aperta, ) Tj ET Q q 0 0 0 rg BT 125.91 261.05 Td (which ) Tj ET Q q 0 0 0 rg BT 152.85 261.05 Td (is ) Tj ET Q q 0 0 0 rg BT 162.02 261.05 Td (about ) Tj ET Q q 0 0 0 rg BT 186.73 261.05 Td (to ) Tj ET Q q 0 0 0 rg BT 197.01 261.05 Td (finish ) Tj ET Q q 0 0 0 rg BT 222.29 261.05 Td (its ) Tj ET Q q 0 0 0 rg BT 234.24 261.05 Td (limited ) Tj ET Q q 0 0 0 rg BT 265.07 261.05 Td (series ) Tj ET Q q 0 0 0 rg BT 290.34 261.05 Td (run.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 237.05 Td (Engines) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 213.05 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 213.05 Td (Net ) Tj ET Q q 0 0 0 rg BT 106.83 213.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 144.75 213.05 Td (generated ) Tj ET Q q 0 0 0 rg BT 186.01 213.05 Td (from ) Tj ET Q q 0 0 0 rg BT 207.83 213.05 Td (engines ) Tj ET Q q 0 0 0 rg BT 240.77 213.05 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.59 213.05 Td (77 ) Tj ET Q q 0 0 0 rg BT 279.98 213.05 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.87 213.05 Td ( ) Tj ET Q q 0 0 0 rg BT 311.26 213.05 Td (for ) Tj ET Q q 0 0 0 rg BT 325.31 213.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.91 213.05 Td (three ) Tj ET Q q 0 0 0 rg BT 362.29 213.05 Td (months ) Tj ET Q q 0 0 0 rg BT 394.12 213.05 Td (ended ) Tj ET Q q 0 0 0 rg BT 420.39 213.05 Td (March ) Tj ET Q q 0 0 0 rg BT 448.88 213.05 Td (31, ) Tj ET Q q 0 0 0 rg BT 463.77 213.05 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.77 213.05 Td (, ) Tj ET Q q 0 0 0 rg BT 488.66 213.05 Td (a ) Tj ET Q q 0 0 0 rg BT 495.48 213.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 532.29 213.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.01 213.05 Td (27 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 201.05 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.89 201.05 Td (, ) Tj ET Q q 0 0 0 rg BT 87.43 201.05 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.81 201.05 Td (26.5 ) Tj ET Q q 0 0 0 rg BT 117.35 201.05 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.77 201.05 Td (, ) Tj ET Q q 0 0 0 rg BT 151.32 201.05 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.80 201.05 Td (104 ) Tj ET Q q 0 0 0 rg BT 194.84 201.05 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.73 201.05 Td ( ) Tj ET Q q 0 0 0 rg BT 225.77 201.05 Td (for ) Tj ET Q q 0 0 0 rg BT 239.48 201.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.73 201.05 Td (three ) Tj ET Q q 0 0 0 rg BT 275.76 201.05 Td (months ) Tj ET Q q 0 0 0 rg BT 307.25 201.05 Td (ended ) Tj ET Q q 0 0 0 rg BT 333.17 201.05 Td (March ) Tj ET Q q 0 0 0 rg BT 361.31 201.05 Td (31, ) Tj ET Q q 0 0 0 rg BT 375.86 201.05 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.86 201.05 Td (. ) Tj ET Q q 0 0 0 rg BT 400.25 201.05 Td (The ) Tj ET Q q 0 0 0 rg BT 417.84 201.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 454.30 201.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.67 201.05 Td (27 ) Tj ET Q q 0 0 0 rg BT 481.71 201.05 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.60 201.05 Td ( ) Tj ET Q q 0 0 0 rg BT 512.65 201.05 Td (was ) Tj ET Q q 0 0 0 rg BT 530.24 201.05 Td (mainly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 189.05 Td (attributable ) Tj ET Q q 0 0 0 rg BT 101.94 189.05 Td (to ) Tj ET Q q 0 0 0 rg BT 112.12 189.05 Td (a ) Tj ET Q q 0 0 0 rg BT 118.96 189.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 155.77 189.05 Td (in ) Tj ET Q q 0 0 0 rg BT 165.95 189.05 Td (net ) Tj ET Q q 0 0 0 rg BT 180.57 189.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 218.51 189.05 Td (generated ) Tj ET Q q 0 0 0 rg BT 259.77 189.05 Td (from ) Tj ET Q q 0 0 0 rg BT 281.61 189.05 Td (the ) Tj ET Q q 0 0 0 rg BT 296.23 189.05 Td (sale ) Tj ET Q q 0 0 0 rg BT 314.18 189.05 Td (of ) Tj ET Q q 0 0 0 rg BT 324.91 189.05 Td (engines ) Tj ET Q q 0 0 0 rg BT 357.86 189.05 Td (to ) Tj ET Q q 0 0 0 rg BT 368.04 189.05 Td (Maserati, ) Tj ET Q q 0 0 0 rg BT 407.93 189.05 Td (driven ) Tj ET Q q 0 0 0 rg BT 435.87 189.05 Td (by ) Tj ET Q q 0 0 0 rg BT 448.28 189.05 Td (a ) Tj ET Q q 0 0 0 rg BT 455.12 189.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 491.93 189.05 Td (in ) Tj ET Q q 0 0 0 rg BT 502.11 189.05 Td (the ) Tj ET Q q 0 0 0 rg BT 516.73 189.05 Td (number ) Tj ET Q q 0 0 0 rg BT 549.68 189.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 177.05 Td (engines ) Tj ET Q q 0 0 0 rg BT 87.22 177.05 Td (shipped ) Tj ET Q q 0 0 0 rg BT 121.00 177.05 Td (in ) Tj ET Q q 0 0 0 rg BT 131.45 177.05 Td (the ) Tj ET Q q 0 0 0 rg BT 146.34 177.05 Td (first ) Tj ET Q q 0 0 0 rg BT 165.12 177.05 Td (quarter ) Tj ET Q q 0 0 0 rg BT 196.11 177.05 Td (of ) Tj ET Q q 0 0 0 rg BT 207.11 177.05 Td (2018 ) Tj ET Q q 0 0 0 rg BT 229.78 177.05 Td (compared ) Tj ET Q q 0 0 0 rg BT 271.88 177.05 Td (to ) Tj ET Q q 0 0 0 rg BT 282.33 177.05 Td (the ) Tj ET Q q 0 0 0 rg BT 297.22 177.05 Td (first ) Tj ET Q q 0 0 0 rg BT 316.00 177.05 Td (quarter ) Tj ET Q q 0 0 0 rg BT 346.99 177.05 Td (of ) Tj ET Q q 0 0 0 rg BT 357.99 177.05 Td (2017 ) Tj ET Q q 0 0 0 rg BT 380.66 177.05 Td (due ) Tj ET Q q 0 0 0 rg BT 397.77 177.05 Td (to ) Tj ET Q q 0 0 0 rg BT 408.22 177.05 Td (lower ) Tj ET Q q 0 0 0 rg BT 433.67 177.05 Td (engine ) Tj ET Q q 0 0 0 rg BT 462.99 177.05 Td (volumes ) Tj ET Q q 0 0 0 rg BT 499.55 177.05 Td (and ) Tj ET Q q 0 0 0 rg BT 516.66 177.05 Td (a ) Tj ET Q q 0 0 0 rg BT 523.77 177.05 Td (dif) Tj ET Q q 0 0 0 rg BT 534.70 177.05 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 165.05 Td (production ) Tj ET Q q 0 0 0 rg BT 99.83 165.05 Td (schedule. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 141.05 Td (Sponsorship, ) Tj ET Q q 0 0 0 rg BT 110.14 141.05 Td (commercial ) Tj ET Q q 0 0 0 rg BT 160.96 141.05 Td (and ) Tj ET Q q 0 0 0 rg BT 179.02 141.05 Td (brand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 117.05 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 117.05 Td (Net ) Tj ET Q q 0 0 0 rg BT 106.28 117.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 143.67 117.05 Td (generated ) Tj ET Q q 0 0 0 rg BT 184.38 117.05 Td (from ) Tj ET Q q 0 0 0 rg BT 205.66 117.05 Td (sponsorship, ) Tj ET Q q 0 0 0 rg BT 257.79 117.05 Td (commercial ) Tj ET Q q 0 0 0 rg BT 306.83 117.05 Td (agreements ) Tj ET Q q 0 0 0 rg BT 354.21 117.05 Td (and ) Tj ET Q q 0 0 0 rg BT 370.49 117.05 Td (brand ) Tj ET Q q 0 0 0 rg BT 395.11 117.05 Td (management ) Tj ET Q q 0 0 0 rg BT 448.04 117.05 Td (activities ) Tj ET Q q 0 0 0 rg BT 485.99 117.05 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.26 117.05 Td (125 ) Tj ET Q q 0 0 0 rg BT 529.11 117.05 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 117.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 105.05 Td (for ) Tj ET Q q 0 0 0 rg BT 68.36 105.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.28 105.05 Td (three ) Tj ET Q q 0 0 0 rg BT 105.96 105.05 Td (months ) Tj ET Q q 0 0 0 rg BT 138.11 105.05 Td (ended ) Tj ET Q q 0 0 0 rg BT 164.69 105.05 Td (March ) Tj ET Q q 0 0 0 rg BT 193.49 105.05 Td (31, ) Tj ET Q q 0 0 0 rg BT 208.69 105.05 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.69 105.05 Td (, ) Tj ET Q q 0 0 0 rg BT 233.89 105.05 Td (an ) Tj ET Q q 0 0 0 rg BT 246.03 105.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 281.48 105.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.51 105.05 Td (2 ) Tj ET Q q 0 0 0 rg BT 305.21 105.05 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.10 105.05 Td (, ) Tj ET Q q 0 0 0 rg BT 339.30 105.05 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.33 105.05 Td (2.3 ) Tj ET Q q 0 0 0 rg BT 365.53 105.05 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.96 105.05 Td (, ) Tj ET Q q 0 0 0 rg BT 400.16 105.05 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.30 105.05 Td (123 ) Tj ET Q q 0 0 0 rg BT 445.00 105.05 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.89 105.05 Td ( ) Tj ET Q q 0 0 0 rg BT 476.59 105.05 Td (for ) Tj ET Q q 0 0 0 rg BT 490.95 105.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.87 105.05 Td (three ) Tj ET Q q 0 0 0 rg BT 528.55 105.05 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 93.05 Td (ended ) Tj ET Q q 0 0 0 rg BT 79.79 93.05 Td (March ) Tj ET Q q 0 0 0 rg BT 107.80 93.05 Td (31, ) Tj ET Q q 0 0 0 rg BT 122.21 93.05 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.21 93.05 Td (. ) Tj ET Q q 0 0 0 rg BT 146.48 93.05 Td (The ) Tj ET Q q 0 0 0 rg BT 163.94 93.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 198.60 93.05 Td (was ) Tj ET Q q 0 0 0 rg BT 216.06 93.05 Td (primarily ) Tj ET Q q 0 0 0 rg BT 255.19 93.05 Td (related ) Tj ET Q q 0 0 0 rg BT 284.30 93.05 Td (to ) Tj ET Q q 0 0 0 rg BT 293.99 93.05 Td (an ) Tj ET Q q 0 0 0 rg BT 305.34 93.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 340.00 93.05 Td (in ) Tj ET Q q 0 0 0 rg BT 349.69 93.05 Td (net ) Tj ET Q q 0 0 0 rg BT 363.82 93.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 401.27 93.05 Td (from ) Tj ET Q q 0 0 0 rg BT 422.62 93.05 Td (sponsorship ) Tj ET Q q 0 0 0 rg BT 472.31 93.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 509.76 93.05 Td (and ) Tj ET Q q 0 0 0 rg BT 526.11 93.05 Td (a ) Tj ET Q q 0 0 0 rg BT 532.46 93.05 Td (higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 81.05 Td (2017 ) Tj ET Q q 0 0 0 rg BT 76.50 81.05 Td (championship ) Tj ET Q q 0 0 0 rg BT 135.10 81.05 Td (ranking ) Tj ET Q q 0 0 0 rg BT 168.15 81.05 Td (compared ) Tj ET Q q 0 0 0 rg BT 210.07 81.05 Td (to ) Tj ET Q q 0 0 0 rg BT 220.35 81.05 Td (2016, ) Tj ET Q q 0 0 0 rg BT 245.35 81.05 Td (partially ) Tj ET Q q 0 0 0 rg BT 281.17 81.05 Td (of) Tj ET Q q 0 0 0 rg BT 289.32 81.05 Td (fset ) Tj ET Q q 0 0 0 rg BT 306.26 81.05 Td (by ) Tj ET Q q 0 0 0 rg BT 318.76 81.05 Td (negative ) Tj ET Q q 0 0 0 rg BT 355.13 81.05 Td (foreign ) Tj ET Q q 0 0 0 rg BT 386.51 81.05 Td (exchange ) Tj ET Q q 0 0 0 rg BT 426.76 81.05 Td (impact.) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 30.20 Td (13) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 742.25 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 718.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 115.68 718.25 Td (net ) Tj ET Q q 0 0 0 rg BT 130.80 718.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 169.24 718.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.58 718.25 Td (17 ) Tj ET Q q 0 0 0 rg BT 209.48 718.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.38 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 241.28 718.25 Td (for ) Tj ET Q q 0 0 0 rg BT 255.85 718.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.97 718.25 Td (three ) Tj ET Q q 0 0 0 rg BT 293.87 718.25 Td (months ) Tj ET Q q 0 0 0 rg BT 326.22 718.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 353.00 718.25 Td (March ) Tj ET Q q 0 0 0 rg BT 382.01 718.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 397.42 718.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.42 718.25 Td (, ) Tj ET Q q 0 0 0 rg BT 422.82 718.25 Td (an ) Tj ET Q q 0 0 0 rg BT 435.17 718.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 470.83 718.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.07 718.25 Td (4 ) Tj ET Q q 0 0 0 rg BT 494.97 718.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.86 718.25 Td (, ) Tj ET Q q 0 0 0 rg BT 529.27 718.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.51 718.25 Td (34.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 706.25 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.42 706.25 Td (, ) Tj ET Q q 0 0 0 rg BT 88.42 706.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.36 706.25 Td (13 ) Tj ET Q q 0 0 0 rg BT 127.86 706.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.75 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 159.25 706.25 Td (for ) Tj ET Q q 0 0 0 rg BT 173.41 706.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.13 706.25 Td (three ) Tj ET Q q 0 0 0 rg BT 210.62 706.25 Td (months ) Tj ET Q q 0 0 0 rg BT 242.56 706.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 268.94 706.25 Td (March ) Tj ET Q q 0 0 0 rg BT 297.54 706.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 312.54 706.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.54 706.25 Td (, ) Tj ET Q q 0 0 0 rg BT 337.54 706.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 377.25 706.25 Td (due ) Tj ET Q q 0 0 0 rg BT 394.19 706.25 Td (to ) Tj ET Q q 0 0 0 rg BT 404.47 706.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 441.95 706.25 Td (services.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 670.25 Td (Cost ) Tj ET Q q 0 0 0 rg BT 75.94 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 86.77 670.25 Td (sales) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 587.75 142.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.50 587.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.50 587.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 587.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 587.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 587.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 587.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 587.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 587.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 587.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 587.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 587.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 587.75 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200.5 633.75 m 255.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 633.75 m 259.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 633.75 m 318.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 633.75 m 322.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 633.75 m 377.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 633.75 m 381.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 633.75 m 440.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 633.75 m 499.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 633.75 m 503.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 633.75 m 558.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200.5 633.75 m 255.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200.5 601.75 m 255.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 633.75 m 318.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 601.75 m 318.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 633.75 m 377.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 601.75 m 377.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 633.75 m 440.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 601.75 m 440.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 601.75 m 499.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 601.75 m 503.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 601.75 m 558.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200.5 601.75 m 255.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 601.75 m 318.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 601.75 m 377.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 601.75 m 440.5 601.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 248.10 638.20 Td (For) Tj ET Q q 0 0 0 rg BT 261.93 638.20 Td ( the thr) Tj ET Q q 0 0 0 rg BT 290.26 638.20 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 373.34 638.20 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.40 638.20 Td (Incr) Tj ET Q q 0 0 0 rg BT 479.73 638.20 Td (ease/\(Decr) Tj ET Q q 0 0 0 rg BT 519.54 638.20 Td (ease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 218.50 606.20 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 262.45 615.20 Td (Per) Tj ET Q q 0 0 0 rg BT 275.77 615.20 Td (centage of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 264.45 606.20 Td (net r) Tj ET Q q 0 0 0 rg BT 282.53 606.20 Td (evenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 340.50 606.20 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 384.45 615.20 Td (Per) Tj ET Q q 0 0 0 rg BT 397.77 615.20 Td (centage of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.45 606.20 Td (net r) Tj ET Q q 0 0 0 rg BT 404.53 606.20 Td (evenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.60 606.20 Td (2018 vs. 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.25 592.21 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 578.21 Td (Cost of sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 238.50 578.21 Td (391) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.75 578.21 Td (47.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.50 578.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.50 578.21 Td (398) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.75 578.21 Td (48.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 578.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 578.21 Td (\(7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 578.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 578.21 Td (\(1.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 578.21 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 562.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 550.25 Td (Cost ) Tj ET Q q 0 0 0 rg BT 111.21 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 122.42 550.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 144.73 550.25 Td (for ) Tj ET Q q 0 0 0 rg BT 159.26 550.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.35 550.25 Td (three ) Tj ET Q q 0 0 0 rg BT 197.21 550.25 Td (months ) Tj ET Q q 0 0 0 rg BT 229.53 550.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 256.28 550.25 Td (March ) Tj ET Q q 0 0 0 rg BT 285.26 550.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 300.63 550.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.63 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 323.50 550.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.93 550.25 Td (391 ) Tj ET Q q 0 0 0 rg BT 364.80 550.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.69 550.25 Td (, ) Tj ET Q q 0 0 0 rg BT 399.07 550.25 Td (a ) Tj ET Q q 0 0 0 rg BT 406.38 550.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 443.67 550.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.87 550.25 Td (7 ) Tj ET Q q 0 0 0 rg BT 467.74 550.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.64 550.25 Td (, ) Tj ET Q q 0 0 0 rg BT 502.01 550.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.21 550.25 Td (1.7 ) Tj ET Q q 0 0 0 rg BT 528.59 550.25 Td (percent) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 538.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.90 538.25 Td (398 ) Tj ET Q q 0 0 0 rg BT 98.36 538.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.25 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 129.71 538.25 Td (for ) Tj ET Q q 0 0 0 rg BT 143.83 538.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.51 538.25 Td (three ) Tj ET Q q 0 0 0 rg BT 180.96 538.25 Td (months ) Tj ET Q q 0 0 0 rg BT 212.87 538.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 239.21 538.25 Td (March ) Tj ET Q q 0 0 0 rg BT 267.76 538.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 282.73 538.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.73 538.25 Td (. ) Tj ET Q q 0 0 0 rg BT 307.14 538.25 Td (As ) Tj ET Q q 0 0 0 rg BT 320.72 538.25 Td (a ) Tj ET Q q 0 0 0 rg BT 327.62 538.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 373.38 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.17 538.25 Td (net ) Tj ET Q q 0 0 0 rg BT 398.85 538.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 439.35 538.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 457.92 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 468.71 538.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 490.61 538.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.62 538.25 Td (47.0 ) Tj ET Q q 0 0 0 rg BT 528.58 538.25 Td (percent) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 526.25 Td (for ) Tj ET Q q 0 0 0 rg BT 68.16 526.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.88 526.25 Td (three ) Tj ET Q q 0 0 0 rg BT 105.36 526.25 Td (months ) Tj ET Q q 0 0 0 rg BT 137.31 526.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 163.69 526.25 Td (March ) Tj ET Q q 0 0 0 rg BT 192.29 526.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 207.29 526.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.29 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.79 526.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 271.71 526.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.99 526.25 Td (48.5 ) Tj ET Q q 0 0 0 rg BT 301.99 526.25 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.41 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 333.91 526.25 Td (for ) Tj ET Q q 0 0 0 rg BT 348.07 526.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.79 526.25 Td (three ) Tj ET Q q 0 0 0 rg BT 385.27 526.25 Td (months ) Tj ET Q q 0 0 0 rg BT 417.22 526.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 443.60 526.25 Td (March ) Tj ET Q q 0 0 0 rg BT 472.20 526.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 487.20 526.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.20 526.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 502.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.37 502.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 145.61 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 156.21 502.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 175.15 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 186.30 502.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 208.56 502.25 Td (was ) Tj ET Q q 0 0 0 rg BT 226.94 502.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 266.98 502.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 315.34 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 325.94 502.25 Td (a ) Tj ET Q q 0 0 0 rg BT 333.21 502.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 370.44 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 381.05 502.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 403.87 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.03 502.25 Td (17 ) Tj ET Q q 0 0 0 rg BT 432.85 502.25 Td (million ) Tj ET Q q 0 0 0 rg BT 464.57 502.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 492.94 502.25 Td (by ) Tj ET Q q 0 0 0 rg BT 505.76 502.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 531.36 502.25 Td (engine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 490.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 90.51 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.56 490.25 Td (a ) Tj ET Q q 0 0 0 rg BT 114.62 490.25 Td (dif) Tj ET Q q 0 0 0 rg BT 125.55 490.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 151.48 490.25 Td (production ) Tj ET Q q 0 0 0 rg BT 197.43 490.25 Td (schedule ) Tj ET Q q 0 0 0 rg BT 235.03 490.25 Td (with ) Tj ET Q q 0 0 0 rg BT 255.43 490.25 Td (Maserati, ) Tj ET Q q 0 0 0 rg BT 295.53 490.25 Td (as ) Tj ET Q q 0 0 0 rg BT 306.48 490.25 Td (well ) Tj ET Q q 0 0 0 rg BT 326.31 490.25 Td (as ) Tj ET Q q 0 0 0 rg BT 337.26 490.25 Td (supporting ) Tj ET Q q 0 0 0 rg BT 382.66 490.25 Td (activities, ) Tj ET Q q 0 0 0 rg BT 423.88 490.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 459.82 490.25 Td (of) Tj ET Q q 0 0 0 rg BT 467.97 490.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 485.02 490.25 Td (by ) Tj ET Q q 0 0 0 rg BT 497.64 490.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 538.01 490.25 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 478.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 82.33 478.25 Td (million ) Tj ET Q q 0 0 0 rg BT 113.72 478.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 141.77 478.25 Td (by ) Tj ET Q q 0 0 0 rg BT 154.27 478.25 Td (an ) Tj ET Q q 0 0 0 rg BT 166.21 478.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 201.46 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 211.74 478.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 248.13 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 265.06 478.25 Td (personalization ) Tj ET Q q 0 0 0 rg BT 328.65 478.25 Td (programs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 442.25 Td (Selling, ) Tj ET Q q 0 0 0 rg BT 87.90 442.25 Td (general ) Tj ET Q q 0 0 0 rg BT 122.05 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 140.67 442.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 205.39 442.25 Td (costs) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 371.75 150.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 371.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 371.75 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 371.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 371.75 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 371.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 371.75 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 371.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 371.75 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 371.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 371.75 51.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 371.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 371.75 51.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 417.75 m 263.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 417.75 m 267.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 417.75 m 326.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 417.75 m 330.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 417.75 m 385.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 417.75 m 389.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 417.75 m 448.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 417.75 m 503.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 417.75 m 507.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 417.75 m 558.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 417.75 m 263.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 385.75 m 263.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 417.75 m 326.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 385.75 m 326.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 417.75 m 385.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 385.75 m 385.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 417.75 m 448.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 385.75 m 448.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 385.75 m 503.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 385.75 m 507.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 385.75 m 558.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 385.75 m 263.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 385.75 m 326.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 385.75 m 385.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 385.75 m 448.5 385.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 256.10 422.20 Td (For) Tj ET Q q 0 0 0 rg BT 269.93 422.20 Td ( the thr) Tj ET Q q 0 0 0 rg BT 298.26 422.20 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 381.34 422.20 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.40 422.20 Td (Incr) Tj ET Q q 0 0 0 rg BT 483.73 422.20 Td (ease/\(Decr) Tj ET Q q 0 0 0 rg BT 523.54 422.20 Td (ease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.50 390.20 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.45 399.20 Td (Per) Tj ET Q q 0 0 0 rg BT 283.77 399.20 Td (centage of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 272.45 390.20 Td (net r) Tj ET Q q 0 0 0 rg BT 290.53 390.20 Td (evenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 348.50 390.20 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 392.45 399.20 Td (Per) Tj ET Q q 0 0 0 rg BT 405.77 399.20 Td (centage of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 394.45 390.20 Td (net r) Tj ET Q q 0 0 0 rg BT 412.53 390.20 Td (evenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.60 390.20 Td (2018 vs. 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.25 376.21 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 362.21 Td (Selling, general and administrative ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 353.21 Td (costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 353.21 Td (66) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.25 353.21 Td (8.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.50 353.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.00 353.21 Td (73) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.25 353.21 Td (8.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 353.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.50 353.21 Td (\(7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 353.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 353.21 Td (\(8.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 353.21 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 318.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 318.25 Td (Selling, ) Tj ET Q q 0 0 0 rg BT 123.46 318.25 Td (general ) Tj ET Q q 0 0 0 rg BT 155.52 318.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.58 318.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 232.42 318.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 255.05 318.25 Td (for ) Tj ET Q q 0 0 0 rg BT 269.33 318.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.18 318.25 Td (three ) Tj ET Q q 0 0 0 rg BT 306.79 318.25 Td (months ) Tj ET Q q 0 0 0 rg BT 338.87 318.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 365.38 318.25 Td (March ) Tj ET Q q 0 0 0 rg BT 394.10 318.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 409.23 318.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.23 318.25 Td ( ) Tj ET Q q 0 0 0 rg BT 431.86 318.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.92 318.25 Td (66 ) Tj ET Q q 0 0 0 rg BT 471.55 318.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.44 318.25 Td (, ) Tj ET Q q 0 0 0 rg BT 505.57 318.25 Td (a ) Tj ET Q q 0 0 0 rg BT 512.63 318.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 549.67 318.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 306.25 Td (7 ) Tj ET Q q 0 0 0 rg BT 65.91 306.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.80 306.25 Td (, ) Tj ET Q q 0 0 0 rg BT 99.21 306.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.46 306.25 Td (8.5 ) Tj ET Q q 0 0 0 rg BT 123.87 306.25 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.29 306.25 Td (, ) Tj ET Q q 0 0 0 rg BT 157.70 306.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.05 306.25 Td (73 ) Tj ET Q q 0 0 0 rg BT 195.97 306.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.86 306.25 Td ( ) Tj ET Q q 0 0 0 rg BT 226.77 306.25 Td (for ) Tj ET Q q 0 0 0 rg BT 240.34 306.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.47 306.25 Td (three ) Tj ET Q q 0 0 0 rg BT 276.37 306.25 Td (months ) Tj ET Q q 0 0 0 rg BT 307.73 306.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 333.51 306.25 Td (March ) Tj ET Q q 0 0 0 rg BT 361.52 306.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 375.94 306.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.94 306.25 Td (. ) Tj ET Q q 0 0 0 rg BT 399.93 306.25 Td (As ) Tj ET Q q 0 0 0 rg BT 412.95 306.25 Td (a ) Tj ET Q q 0 0 0 rg BT 419.30 306.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 464.51 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.75 306.25 Td (net ) Tj ET Q q 0 0 0 rg BT 488.88 306.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 528.83 306.25 Td (selling, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 294.25 Td (general ) Tj ET Q q 0 0 0 rg BT 86.06 294.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.14 294.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 162.99 294.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 185.63 294.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.69 294.25 Td (8.0 ) Tj ET Q q 0 0 0 rg BT 222.83 294.25 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.26 294.25 Td ( ) Tj ET Q q 0 0 0 rg BT 254.90 294.25 Td (for ) Tj ET Q q 0 0 0 rg BT 269.20 294.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.05 294.25 Td (three ) Tj ET Q q 0 0 0 rg BT 306.68 294.25 Td (months ) Tj ET Q q 0 0 0 rg BT 338.76 294.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 365.28 294.25 Td (March ) Tj ET Q q 0 0 0 rg BT 394.02 294.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 409.16 294.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.16 294.25 Td ( ) Tj ET Q q 0 0 0 rg BT 431.80 294.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 473.86 294.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.28 294.25 Td (8.8 ) Tj ET Q q 0 0 0 rg BT 499.42 294.25 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.84 294.25 Td ( ) Tj ET Q q 0 0 0 rg BT 531.48 294.25 Td (for ) Tj ET Q q 0 0 0 rg BT 545.78 294.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 282.25 Td (three ) Tj ET Q q 0 0 0 rg BT 76.49 282.25 Td (months ) Tj ET Q q 0 0 0 rg BT 108.43 282.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 134.81 282.25 Td (March ) Tj ET Q q 0 0 0 rg BT 163.41 282.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 178.41 282.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.41 282.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 258.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 258.25 Td (The ) Tj ET Q q 0 0 0 rg BT 109.55 258.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 147.98 258.25 Td (in ) Tj ET Q q 0 0 0 rg BT 159.76 258.25 Td (selling, ) Tj ET Q q 0 0 0 rg BT 192.94 258.25 Td (general ) Tj ET Q q 0 0 0 rg BT 226.37 258.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.81 258.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 306.03 258.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 330.04 258.25 Td (was ) Tj ET Q q 0 0 0 rg BT 349.60 258.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 390.82 258.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 440.36 258.25 Td (to ) Tj ET Q q 0 0 0 rg BT 452.15 258.25 Td (a ) Tj ET Q q 0 0 0 rg BT 460.59 258.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 499.01 258.25 Td (in ) Tj ET Q q 0 0 0 rg BT 510.80 258.25 Td (share-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 246.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 112.04 246.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 146.75 246.25 Td (related ) Tj ET Q q 0 0 0 rg BT 176.45 246.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.73 246.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 214.22 246.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 253.38 246.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 273.09 246.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 319.45 246.25 Td (for ) Tj ET Q q 0 0 0 rg BT 333.61 246.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.33 246.25 Td (three ) Tj ET Q q 0 0 0 rg BT 370.82 246.25 Td (months ) Tj ET Q q 0 0 0 rg BT 402.76 246.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 429.14 246.25 Td (March ) Tj ET Q q 0 0 0 rg BT 457.74 246.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 472.74 246.25 Td (2017.) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 30.20 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 742.25 Td (Resear) Tj ET Q q 0 0 0 rg BT 83.25 742.25 Td (ch and development costs) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 671.75 150.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 671.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 671.75 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 671.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 671.75 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 671.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 671.75 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 671.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 671.75 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 671.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 671.75 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 671.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 671.75 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 625.75 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 625.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 625.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 625.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 625.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 625.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 625.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 625.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 625.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 625.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 625.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 625.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 625.75 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 717.75 m 263.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 717.75 m 267.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 717.75 m 322.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 717.75 m 326.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 717.75 m 381.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 717.75 m 385.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 717.75 m 440.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 717.75 m 499.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 717.75 m 503.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 717.75 m 558.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 717.75 m 263.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 685.75 m 263.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 717.75 m 322.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 685.75 m 322.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 717.75 m 381.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 685.75 m 381.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 717.75 m 440.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 685.75 m 440.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 685.75 m 499.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 685.75 m 503.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 685.75 m 558.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 685.75 m 263.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 685.75 m 322.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 685.75 m 381.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 685.75 m 440.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 625.75 m 263.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 612.75 m 263.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 610.75 m 263.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 625.75 m 322.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 612.75 m 322.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 610.75 m 322.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 625.75 m 381.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 612.75 m 381.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 610.75 m 381.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 625.75 m 440.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 612.75 m 440.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 610.75 m 440.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 625.75 m 499.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 612.75 m 499.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 610.75 m 499.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 625.75 m 558.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 612.75 m 558.5 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 610.75 m 558.5 610.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 252.10 722.20 Td (For) Tj ET Q q 0 0 0 rg BT 265.93 722.20 Td ( the thr) Tj ET Q q 0 0 0 rg BT 294.26 722.20 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 377.34 722.20 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.40 722.20 Td (Incr) Tj ET Q q 0 0 0 rg BT 479.73 722.20 Td (ease/\(Decr) Tj ET Q q 0 0 0 rg BT 519.54 722.20 Td (ease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.50 690.20 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.30 708.20 Td (Per) Tj ET Q q 0 0 0 rg BT 286.62 708.20 Td (centage ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 699.20 Td (of net ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.55 690.20 Td (r) Tj ET Q q 0 0 0 rg BT 281.38 690.20 Td (evenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.50 690.20 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.30 708.20 Td (Per) Tj ET Q q 0 0 0 rg BT 404.62 708.20 Td (centage ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.60 699.20 Td (of net ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.55 690.20 Td (r) Tj ET Q q 0 0 0 rg BT 399.38 690.20 Td (evenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.60 690.20 Td (2018 vs. 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 268.25 676.21 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 662.21 Td (Research and development costs ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 653.21 Td (expensed during the period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.50 653.21 Td (149) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.25 653.21 Td (17.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 653.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 653.21 Td (146) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.25 653.21 Td (17.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 653.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 653.21 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 653.21 Td (2.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 653.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 639.21 Td (Amortization of capitalized ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 630.21 Td (development costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.00 630.21 Td (24) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.75 630.21 Td (2.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 630.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 630.21 Td (26) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.75 630.21 Td (3.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 630.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 630.21 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 630.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 630.21 Td (\(9.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 630.21 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 616.20 Td (Resear) Tj ET Q q 0 0 0 rg BT 83.32 616.20 Td (ch and development costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 246.50 616.20 Td (173) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 297.25 616.20 Td (20.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 313.00 616.20 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.50 616.20 Td (172) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.25 616.20 Td (21.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.00 616.20 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.50 616.20 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.25 616.20 Td (0.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 616.20 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 588.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 588.25 Td (Research ) Tj ET Q q 0 0 0 rg BT 129.88 588.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.54 588.25 Td (development ) Tj ET Q q 0 0 0 rg BT 202.42 588.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 225.65 588.25 Td (for ) Tj ET Q q 0 0 0 rg BT 240.54 588.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.99 588.25 Td (three ) Tj ET Q q 0 0 0 rg BT 279.21 588.25 Td (months ) Tj ET Q q 0 0 0 rg BT 311.88 588.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 338.99 588.25 Td (March ) Tj ET Q q 0 0 0 rg BT 368.32 588.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 384.05 588.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.05 588.25 Td ( ) Tj ET Q q 0 0 0 rg BT 407.28 588.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.94 588.25 Td (173 ) Tj ET Q q 0 0 0 rg BT 453.17 588.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.06 588.25 Td (, ) Tj ET Q q 0 0 0 rg BT 487.79 588.25 Td (an ) Tj ET Q q 0 0 0 rg BT 500.46 588.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 536.44 588.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.00 588.25 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 576.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.89 576.25 Td (, ) Tj ET Q q 0 0 0 rg BT 87.44 576.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.81 576.25 Td (0.3 ) Tj ET Q q 0 0 0 rg BT 112.36 576.25 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.78 576.25 Td (, ) Tj ET Q q 0 0 0 rg BT 146.33 576.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.81 576.25 Td (172 ) Tj ET Q q 0 0 0 rg BT 189.86 576.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.75 576.25 Td ( ) Tj ET Q q 0 0 0 rg BT 220.80 576.25 Td (for ) Tj ET Q q 0 0 0 rg BT 234.50 576.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.77 576.25 Td (three ) Tj ET Q q 0 0 0 rg BT 270.80 576.25 Td (months ) Tj ET Q q 0 0 0 rg BT 302.29 576.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 328.21 576.25 Td (March ) Tj ET Q q 0 0 0 rg BT 356.36 576.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 370.90 576.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.90 576.25 Td (. ) Tj ET Q q 0 0 0 rg BT 395.00 576.25 Td (As ) Tj ET Q q 0 0 0 rg BT 408.16 576.25 Td (a ) Tj ET Q q 0 0 0 rg BT 414.64 576.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 459.99 576.25 Td (of ) Tj ET Q q 0 0 0 rg BT 470.36 576.25 Td (net ) Tj ET Q q 0 0 0 rg BT 484.63 576.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 524.71 576.25 Td (research ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 564.25 Td (and ) Tj ET Q q 0 0 0 rg BT 70.47 564.25 Td (development ) Tj ET Q q 0 0 0 rg BT 124.14 564.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 146.17 564.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.63 564.25 Td (20.8 ) Tj ET Q q 0 0 0 rg BT 187.16 564.25 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.58 564.25 Td ( ) Tj ET Q q 0 0 0 rg BT 218.61 564.25 Td (for ) Tj ET Q q 0 0 0 rg BT 232.30 564.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.54 564.25 Td (three ) Tj ET Q q 0 0 0 rg BT 268.55 564.25 Td (months ) Tj ET Q q 0 0 0 rg BT 300.03 564.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 325.94 564.25 Td (March ) Tj ET Q q 0 0 0 rg BT 354.06 564.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 368.59 564.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.59 564.25 Td ( ) Tj ET Q q 0 0 0 rg BT 390.62 564.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 432.07 564.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.88 564.25 Td (21.0 ) Tj ET Q q 0 0 0 rg BT 461.40 564.25 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.83 564.25 Td ( ) Tj ET Q q 0 0 0 rg BT 492.85 564.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.54 564.25 Td (three ) Tj ET Q q 0 0 0 rg BT 528.56 564.25 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 552.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 80.38 552.25 Td (March ) Tj ET Q q 0 0 0 rg BT 108.98 552.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 123.98 552.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.98 552.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 530.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 530.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.60 530.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 142.40 530.25 Td (in ) Tj ET Q q 0 0 0 rg BT 152.22 530.25 Td (research ) Tj ET Q q 0 0 0 rg BT 187.58 530.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.06 530.25 Td (development ) Tj ET Q q 0 0 0 rg BT 257.76 530.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 279.81 530.25 Td (during ) Tj ET Q q 0 0 0 rg BT 307.97 530.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.23 530.25 Td (period ) Tj ET Q q 0 0 0 rg BT 349.83 530.25 Td (was ) Tj ET Q q 0 0 0 rg BT 367.43 530.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 395.02 530.25 Td (by ) Tj ET Q q 0 0 0 rg BT 407.07 530.25 Td (development ) Tj ET Q q 0 0 0 rg BT 460.77 530.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 482.82 530.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 518.18 530.25 Td (to ) Tj ET Q q 0 0 0 rg BT 528.01 530.25 Td (support ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 518.25 Td (product ) Tj ET Q q 0 0 0 rg BT 87.17 518.25 Td (range ) Tj ET Q q 0 0 0 rg BT 112.00 518.25 Td (and ) Tj ET Q q 0 0 0 rg BT 129.06 518.25 Td (components ) Tj ET Q q 0 0 0 rg BT 180.00 518.25 Td (innovation ) Tj ET Q q 0 0 0 rg BT 225.40 518.25 Td (for ) Tj ET Q q 0 0 0 rg BT 239.68 518.25 Td (hybrid ) Tj ET Q q 0 0 0 rg BT 268.41 518.25 Td (technology) Tj ET Q q 0 0 0 rg BT 312.19 518.25 Td (, ) Tj ET Q q 0 0 0 rg BT 317.31 518.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 353.25 518.25 Td (of) Tj ET Q q 0 0 0 rg BT 361.40 518.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 378.46 518.25 Td (by ) Tj ET Q q 0 0 0 rg BT 391.08 518.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 416.47 518.25 Td (research ) Tj ET Q q 0 0 0 rg BT 452.40 518.25 Td (and ) Tj ET Q q 0 0 0 rg BT 469.46 518.25 Td (development ) Tj ET Q q 0 0 0 rg BT 523.73 518.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 546.35 518.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 506.25 Td (Formula ) Tj ET Q q 0 0 0 rg BT 90.39 506.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 97.89 506.25 Td (activities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 470.25 Td (Other) Tj ET Q q 0 0 0 rg BT 79.37 470.25 Td ( \(income\)/expenses) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 395.75 196.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 395.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 395.75 71.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 395.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 395.75 71.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 395.75 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 395.75 6.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 395.75 71.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 395.75 6.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 395.75 71.00 -17.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 436.75 m 325.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 436.75 m 329.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 436.75 m 400.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 436.75 m 404.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 436.75 m 481.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 436.75 m 487.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 436.75 m 558.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 436.75 m 325.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 408.75 m 325.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 436.75 m 400.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 408.75 m 400.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 408.75 m 481.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 408.75 m 487.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 408.75 m 558.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 408.75 m 325.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 408.75 m 400.5 408.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 263.85 450.20 Td (For) Tj ET Q q 0 0 0 rg BT 277.68 450.20 Td ( the thr) Tj ET Q q 0 0 0 rg BT 306.01 450.20 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 389.09 450.20 Td (ch) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.35 441.20 Td (31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.40 441.20 Td (Incr) Tj ET Q q 0 0 0 rg BT 462.73 441.20 Td (ease/\(Decr) Tj ET Q q 0 0 0 rg BT 502.54 441.20 Td (ease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 280.50 413.20 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 355.50 413.20 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.60 413.20 Td (2018 vs. 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.25 400.01 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 383.21 Td (Other \(income\)/expenses, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 383.21 Td (\(9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.00 383.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.50 383.21 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.00 383.21 Td (\(1) Tj ET Q q 0 0 0 rg BT 473.50 383.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 383.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.95 383.21 Td (n.m.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 357.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 357.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 115.80 357.25 Td (\(income\)/expenses, ) Tj ET Q q 0 0 0 rg BT 196.31 357.25 Td (net ) Tj ET Q q 0 0 0 rg BT 211.56 357.25 Td (for ) Tj ET Q q 0 0 0 rg BT 226.25 357.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 357.25 Td (three ) Tj ET Q q 0 0 0 rg BT 264.52 357.25 Td (months ) Tj ET Q q 0 0 0 rg BT 297.00 357.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 323.91 357.25 Td (March ) Tj ET Q q 0 0 0 rg BT 353.05 357.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 368.58 357.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.58 357.25 Td ( ) Tj ET Q q 0 0 0 rg BT 391.61 357.25 Td (included ) Tj ET Q q 0 0 0 rg BT 429.08 357.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 441.55 357.25 Td (other ) Tj ET Q q 0 0 0 rg BT 465.13 357.25 Td (income ) Tj ET Q q 0 0 0 rg BT 497.60 357.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.96 357.25 Td (1) Tj ET Q q 0 0 0 rg BT 518.59 357.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 526.63 357.25 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 345.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 84.37 345.25 Td (due ) Tj ET Q q 0 0 0 rg BT 101.41 345.25 Td (to ) Tj ET Q q 0 0 0 rg BT 111.79 345.25 Td (a ) Tj ET Q q 0 0 0 rg BT 118.83 345.25 Td (pronouncement ) Tj ET Q q 0 0 0 rg BT 183.63 345.25 Td (on ) Tj ET Q q 0 0 0 rg BT 196.23 345.25 Td (a ) Tj ET Q q 0 0 0 rg BT 203.27 345.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 225.31 345.25 Td (year) Tj ET Q q 0 0 0 rg BT 242.89 345.25 Td () Tj ET Q q 0 0 0 rg BT 245.67 345.25 Td (s ) Tj ET Q q 0 0 0 rg BT 252.16 345.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 274.19 345.25 Td (dispute ) Tj ET Q q 0 0 0 rg BT 305.68 345.25 Td (and ) Tj ET Q q 0 0 0 rg BT 322.72 345.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 337.53 345.25 Td (other ) Tj ET Q q 0 0 0 rg BT 360.68 345.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 399.38 345.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.31 345.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 422.91 345.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 456.90 345.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 487.27 345.25 Td (related ) Tj ET Q q 0 0 0 rg BT 517.08 345.25 Td (to ) Tj ET Q q 0 0 0 rg BT 527.45 345.25 Td (indirect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 333.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 77.05 333.25 Td (and ) Tj ET Q q 0 0 0 rg BT 93.99 333.25 Td (other ) Tj ET Q q 0 0 0 rg BT 117.03 333.25 Td (miscellaneous ) Tj ET Q q 0 0 0 rg BT 176.18 333.25 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 311.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 311.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 115.68 311.25 Td (\(income\)/expenses, ) Tj ET Q q 0 0 0 rg BT 196.06 311.25 Td (net ) Tj ET Q q 0 0 0 rg BT 211.19 311.25 Td (for ) Tj ET Q q 0 0 0 rg BT 225.77 311.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.90 311.25 Td (three ) Tj ET Q q 0 0 0 rg BT 263.79 311.25 Td (months ) Tj ET Q q 0 0 0 rg BT 296.15 311.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 322.94 311.25 Td (March ) Tj ET Q q 0 0 0 rg BT 351.96 311.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 367.37 311.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.37 311.25 Td ( ) Tj ET Q q 0 0 0 rg BT 390.28 311.25 Td (included ) Tj ET Q q 0 0 0 rg BT 427.63 311.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 439.98 311.25 Td (other ) Tj ET Q q 0 0 0 rg BT 463.44 311.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 502.45 311.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.69 311.25 Td (4 ) Tj ET Q q 0 0 0 rg BT 526.60 311.25 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 299.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 83.78 299.25 Td (related ) Tj ET Q q 0 0 0 rg BT 112.99 299.25 Td (to ) Tj ET Q q 0 0 0 rg BT 122.78 299.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 162.57 299.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.01 299.25 Td (indirect ) Tj ET Q q 0 0 0 rg BT 211.56 299.25 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 236.62 299.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 271.95 299.25 Td (of) Tj ET Q q 0 0 0 rg BT 280.10 299.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 296.54 299.25 Td (by ) Tj ET Q q 0 0 0 rg BT 308.55 299.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 322.78 299.25 Td (other ) Tj ET Q q 0 0 0 rg BT 345.33 299.25 Td (income ) Tj ET Q q 0 0 0 rg BT 376.77 299.25 Td (of ) Tj ET Q q 0 0 0 rg BT 387.11 299.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 399.12 299.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 432.52 299.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 462.30 299.25 Td (related ) Tj ET Q q 0 0 0 rg BT 491.51 299.25 Td (to ) Tj ET Q q 0 0 0 rg BT 501.30 299.25 Td (rental ) Tj ET Q q 0 0 0 rg BT 526.07 299.25 Td (income, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 287.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 77.61 287.25 Td (on ) Tj ET Q q 0 0 0 rg BT 90.11 287.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 125.39 287.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.22 287.25 Td (property) Tj ET Q q 0 0 0 rg BT 169.44 287.25 Td (, ) Tj ET Q q 0 0 0 rg BT 174.44 287.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 196.94 287.25 Td (and ) Tj ET Q q 0 0 0 rg BT 213.88 287.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 258.59 287.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.53 287.25 Td (other ) Tj ET Q q 0 0 0 rg BT 298.58 287.25 Td (miscellaneous ) Tj ET Q q 0 0 0 rg BT 357.73 287.25 Td (income.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 243.25 Td (EBIT) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 172.75 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.50 172.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.50 172.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 172.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 172.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 172.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 172.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 172.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 172.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 172.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 172.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 172.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 172.75 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 218.75 m 263.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 218.75 m 267.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 218.75 m 322.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 218.75 m 326.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 218.75 m 381.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 218.75 m 385.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 218.75 m 440.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 218.75 m 499.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 218.75 m 503.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 218.75 m 558.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 218.75 m 263.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 186.75 m 263.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 218.75 m 322.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 186.75 m 322.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 218.75 m 381.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 186.75 m 381.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 218.75 m 440.5 218.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 186.75 m 440.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 186.75 m 499.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 186.75 m 503.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 186.75 m 558.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 186.75 m 263.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 186.75 m 322.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 186.75 m 381.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 186.75 m 440.5 186.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 252.10 223.20 Td (For) Tj ET Q q 0 0 0 rg BT 265.93 223.20 Td ( the thr) Tj ET Q q 0 0 0 rg BT 294.26 223.20 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 377.34 223.20 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.40 223.20 Td (Incr) Tj ET Q q 0 0 0 rg BT 479.73 223.20 Td (ease/\(Decr) Tj ET Q q 0 0 0 rg BT 519.54 223.20 Td (ease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.50 191.20 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.30 209.20 Td (Per) Tj ET Q q 0 0 0 rg BT 286.62 209.20 Td (centage ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.60 200.20 Td (of net ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.55 191.20 Td (r) Tj ET Q q 0 0 0 rg BT 281.38 191.20 Td (evenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.50 191.20 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.30 209.20 Td (Per) Tj ET Q q 0 0 0 rg BT 404.62 209.20 Td (centage ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.60 200.20 Td (of net ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.55 191.20 Td (r) Tj ET Q q 0 0 0 rg BT 399.38 191.20 Td (evenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.60 191.20 Td (2018 vs. 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.25 177.21 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 163.21 Td (EBIT) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.50 163.21 Td (210) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 163.21 Td (25.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 163.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 163.21 Td (177) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.75 163.21 Td (21.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 163.21 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 163.21 Td (33) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 163.21 Td (18.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 163.21 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 128.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 128.25 Td (EBIT) Tj ET Q q 0 0 0 rg BT 112.04 128.25 Td ( ) Tj ET Q q 0 0 0 rg BT 114.49 128.25 Td (for ) Tj ET Q q 0 0 0 rg BT 128.61 128.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.29 128.25 Td (three ) Tj ET Q q 0 0 0 rg BT 165.73 128.25 Td (months ) Tj ET Q q 0 0 0 rg BT 197.63 128.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 223.97 128.25 Td (March ) Tj ET Q q 0 0 0 rg BT 252.52 128.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 267.48 128.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.48 128.25 Td ( ) Tj ET Q q 0 0 0 rg BT 289.94 128.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.95 128.25 Td (210 ) Tj ET Q q 0 0 0 rg BT 330.41 128.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 128.25 Td (, ) Tj ET Q q 0 0 0 rg BT 364.26 128.25 Td (an ) Tj ET Q q 0 0 0 rg BT 376.15 128.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 411.36 128.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 128.25 Td (33 ) Tj ET Q q 0 0 0 rg BT 439.61 128.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.50 128.25 Td (, ) Tj ET Q q 0 0 0 rg BT 473.46 128.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.25 128.25 Td (18.5 ) Tj ET Q q 0 0 0 rg BT 504.20 128.25 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.63 128.25 Td (, ) Tj ET Q q 0 0 0 rg BT 538.58 128.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 116.25 Td (177 ) Tj ET Q q 0 0 0 rg BT 76.34 116.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.23 116.25 Td ( ) Tj ET Q q 0 0 0 rg BT 107.58 116.25 Td (for ) Tj ET Q q 0 0 0 rg BT 121.58 116.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.14 116.25 Td (three ) Tj ET Q q 0 0 0 rg BT 158.47 116.25 Td (months ) Tj ET Q q 0 0 0 rg BT 190.26 116.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 216.48 116.25 Td (March ) Tj ET Q q 0 0 0 rg BT 244.92 116.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 259.76 116.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.76 116.25 Td (. ) Tj ET Q q 0 0 0 rg BT 284.09 116.25 Td (As ) Tj ET Q q 0 0 0 rg BT 297.54 116.25 Td (a ) Tj ET Q q 0 0 0 rg BT 304.33 116.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 349.97 116.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.64 116.25 Td (net ) Tj ET Q q 0 0 0 rg BT 375.20 116.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 415.58 116.25 Td (EBIT) Tj ET Q q 0 0 0 rg BT 437.62 116.25 Td ( ) Tj ET Q q 0 0 0 rg BT 439.96 116.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.85 116.25 Td (25.3 ) Tj ET Q q 0 0 0 rg BT 477.70 116.25 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.12 116.25 Td ( ) Tj ET Q q 0 0 0 rg BT 509.46 116.25 Td (for ) Tj ET Q q 0 0 0 rg BT 523.47 116.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.03 116.25 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 104.25 Td (months ) Tj ET Q q 0 0 0 rg BT 85.95 104.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 112.33 104.25 Td (March ) Tj ET Q q 0 0 0 rg BT 140.92 104.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 155.92 104.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.92 104.25 Td ( ) Tj ET Q q 0 0 0 rg BT 178.42 104.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 220.35 104.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.63 104.25 Td (21.6 ) Tj ET Q q 0 0 0 rg BT 250.63 104.25 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.05 104.25 Td ( ) Tj ET Q q 0 0 0 rg BT 282.55 104.25 Td (for ) Tj ET Q q 0 0 0 rg BT 296.71 104.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.43 104.25 Td (three ) Tj ET Q q 0 0 0 rg BT 333.91 104.25 Td (months ) Tj ET Q q 0 0 0 rg BT 365.86 104.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 392.24 104.25 Td (March ) Tj ET Q q 0 0 0 rg BT 420.84 104.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 435.84 104.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.84 104.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 82.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.50 82.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 144.21 82.25 Td (in ) Tj ET Q q 0 0 0 rg BT 154.95 82.25 Td (EBIT) Tj ET Q q 0 0 0 rg BT 176.98 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 179.94 82.25 Td (was ) Tj ET Q q 0 0 0 rg BT 198.45 82.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 238.62 82.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 287.11 82.25 Td (to ) Tj ET Q q 0 0 0 rg BT 297.85 82.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 310.24 82.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 344.86 82.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 377.81 82.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 407.98 82.25 Td (of ) Tj ET Q q 0 0 0 rg BT 419.27 82.25 Td (24 ) Tj ET Q q 0 0 0 rg BT 437.23 82.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 471.57 82.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 486.75 82.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 527.46 82.25 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 70.25 Td (mix ) Tj ET Q q 0 0 0 rg BT 72.50 70.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.78 70.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 101.73 70.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 136.07 70.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 154.01 70.25 Td (a ) Tj ET Q q 0 0 0 rg BT 161.39 70.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 198.75 70.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.03 70.25 Td (7 ) Tj ET Q q 0 0 0 rg BT 222.98 70.25 Td (million ) Tj ET Q q 0 0 0 rg BT 254.82 70.25 Td (in ) Tj ET Q q 0 0 0 rg BT 265.54 70.25 Td (selling, ) Tj ET Q q 0 0 0 rg BT 297.65 70.25 Td (general ) Tj ET Q q 0 0 0 rg BT 330.02 70.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.41 70.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 407.56 70.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 430.51 70.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.89 70.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 465.28 70.25 Td (26 ) Tj ET Q q 0 0 0 rg BT 483.23 70.25 Td (million ) Tj ET Q q 0 0 0 rg BT 515.06 70.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.34 70.25 Td (positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 58.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 105.22 58.25 Td (from ) Tj ET Q q 0 0 0 rg BT 127.00 58.25 Td (other ) Tj ET Q q 0 0 0 rg BT 149.88 58.25 Td (supporting ) Tj ET Q q 0 0 0 rg BT 195.00 58.25 Td (activities, ) Tj ET Q q 0 0 0 rg BT 235.94 58.25 Td (which ) Tj ET Q q 0 0 0 rg BT 262.72 58.25 Td (were ) Tj ET Q q 0 0 0 rg BT 284.48 58.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 320.14 58.25 Td (of) Tj ET Q q 0 0 0 rg BT 328.29 58.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 345.07 58.25 Td (by ) Tj ET Q q 0 0 0 rg BT 357.41 58.25 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 371.41 58.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 407.62 58.25 Td (net ) Tj ET Q q 0 0 0 rg BT 422.17 58.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 453.39 58.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 490.70 58.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 530.80 58.25 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 46.25 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 46.25 Td (38 ) Tj ET Q q 0 0 0 rg BT 82.33 46.25 Td (million ) Tj ET Q q 0 0 0 rg BT 113.72 46.25 Td (and ) Tj ET Q q 0 0 0 rg BT 130.66 46.25 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 147.60 46.25 Td (an ) Tj ET Q q 0 0 0 rg BT 159.54 46.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 194.79 46.25 Td (in ) Tj ET Q q 0 0 0 rg BT 205.07 46.25 Td (research ) Tj ET Q q 0 0 0 rg BT 240.88 46.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.81 46.25 Td (development ) Tj ET Q q 0 0 0 rg BT 311.96 46.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 334.46 46.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.29 46.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 357.79 46.25 Td (million.) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 30.20 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.77 730.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 143.66 730.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 176.88 730.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 207.31 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.86 730.10 Td (24 ) Tj ET Q q 0 0 0 rg BT 237.08 730.10 Td (million ) Tj ET Q q 0 0 0 rg BT 269.20 730.10 Td (was ) Tj ET Q q 0 0 0 rg BT 287.97 730.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 336.73 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.73 730.10 Td (an ) Tj ET Q q 0 0 0 rg BT 360.40 730.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 396.37 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.37 730.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 451.15 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.71 730.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 523.69 730.10 Td (130 ) Tj ET Q q 0 0 0 rg BT 541.91 730.10 Td (cars ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 718.10 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 100.59 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.63 718.10 Td (LaFerrari ) Tj ET Q q 0 0 0 rg BT 157.37 718.10 Td (Aperta\), ) Tj ET Q q 0 0 0 rg BT 194.23 718.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 223.60 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 237.43 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.47 718.10 Td (812Superfast ) Tj ET Q q 0 0 0 rg BT 310.06 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.33 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.37 718.10 Td (488 ) Tj ET Q q 0 0 0 rg BT 363.20 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.46 718.10 Td (GTC4Lusso ) Tj ET Q q 0 0 0 rg BT 434.18 718.10 Td (families, ) Tj ET Q q 0 0 0 rg BT 472.72 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 484.87 718.10 Td (well ) Tj ET Q q 0 0 0 rg BT 505.91 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 518.07 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 526.33 718.10 Td (positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 706.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 105.67 706.10 Td (from ) Tj ET Q q 0 0 0 rg BT 127.89 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 144.01 706.10 Td (personalization ) Tj ET Q q 0 0 0 rg BT 207.89 706.10 Td (programs. ) Tj ET Q q 0 0 0 rg BT 250.74 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 269.08 706.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 303.53 706.10 Td (product ) Tj ET Q q 0 0 0 rg BT 336.86 706.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 355.21 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.32 706.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 384.11 706.10 Td (million ) Tj ET Q q 0 0 0 rg BT 415.79 706.10 Td (was ) Tj ET Q q 0 0 0 rg BT 434.13 706.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 474.13 706.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 522.45 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.02 706.10 Td (strong ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 694.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 107.02 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.85 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 133.50 694.10 Td (V12 ) Tj ET Q q 0 0 0 rg BT 153.22 694.10 Td (models ) Tj ET Q q 0 0 0 rg BT 184.61 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.55 694.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 232.37 694.10 Td (increases.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 658.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 71.49 658.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 111.22 658.10 Td (expenses) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 596.60 228.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 596.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 596.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 596.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 596.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 596.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 596.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 596.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 596.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 624.6 m 351.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 624.6 m 355.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 624.6 m 420.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 624.6 m 424.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 624.6 m 489.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 624.6 m 493.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 624.6 m 558.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 624.6 m 351.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 610.6 m 351.5 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 624.6 m 420.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 610.6 m 420.5 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 610.6 m 489.5 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 610.6 m 493.5 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 610.6 m 558.5 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 610.6 m 351.5 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 610.6 m 420.5 610.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.90 638.05 Td (For) Tj ET Q q 0 0 0 rg BT 315.73 638.05 Td ( the thr) Tj ET Q q 0 0 0 rg BT 344.06 638.05 Td (ee months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.30 629.05 Td (Mar) Tj ET Q q 0 0 0 rg BT 352.13 629.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.40 629.05 Td (Incr) Tj ET Q q 0 0 0 rg BT 469.73 629.05 Td (ease/\(Decr) Tj ET Q q 0 0 0 rg BT 509.54 629.05 Td (ease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 309.50 615.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 378.50 615.05 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.60 615.05 Td (2018 vs. 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.25 601.06 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 587.06 Td (Net financial expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.50 587.06 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.50 587.06 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.00 587.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.95 587.06 Td (n.m.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 571.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 559.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 559.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 106.99 559.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 144.52 559.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 183.17 559.10 Td (for ) Tj ET Q q 0 0 0 rg BT 197.38 559.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.15 559.10 Td (three ) Tj ET Q q 0 0 0 rg BT 234.69 559.10 Td (months ) Tj ET Q q 0 0 0 rg BT 266.69 559.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 293.12 559.10 Td (March ) Tj ET Q q 0 0 0 rg BT 321.77 559.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 336.82 559.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.82 559.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.37 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.36 559.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 398.91 559.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.89 559.10 Td (4 ) Tj ET Q q 0 0 0 rg BT 433.44 559.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.33 559.10 Td (. ) Tj ET Q q 0 0 0 rg BT 467.38 559.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 484.37 559.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 521.90 559.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 547.10 Td (for ) Tj ET Q q 0 0 0 rg BT 68.32 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.20 547.10 Td (three ) Tj ET Q q 0 0 0 rg BT 105.85 547.10 Td (months ) Tj ET Q q 0 0 0 rg BT 137.96 547.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 164.49 547.10 Td (March ) Tj ET Q q 0 0 0 rg BT 193.25 547.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 208.41 547.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 233.58 547.10 Td (were ) Tj ET Q q 0 0 0 rg BT 255.67 547.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 295.54 547.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 343.74 547.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.18 547.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 386.27 547.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 425.03 547.10 Td (on ) Tj ET Q q 0 0 0 rg BT 437.69 547.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 460.07 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.17 547.10 Td (in ) Tj ET Q q 0 0 0 rg BT 487.61 547.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 528.58 547.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 535.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 92.60 535.10 Td (on ) Tj ET Q q 0 0 0 rg BT 105.10 535.10 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 133.99 535.10 Td (as ) Tj ET Q q 0 0 0 rg BT 144.82 535.10 Td (well ) Tj ET Q q 0 0 0 rg BT 164.54 535.10 Td (as ) Tj ET Q q 0 0 0 rg BT 175.37 535.10 Td (net ) Tj ET Q q 0 0 0 rg BT 190.08 535.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 221.46 535.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 261.71 535.10 Td (losses.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 499.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 88.16 499.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 103.99 499.10 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 487.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 423.60 232.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 423.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 423.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 423.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 423.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 423.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 423.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 423.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 453.6 m 350.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 453.6 m 354.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 453.6 m 419.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 453.6 m 488.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 453.6 m 492.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 453.6 m 557.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 453.6 m 350.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 438.6 m 350.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 453.6 m 419.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 438.6 m 419.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 438.6 m 488.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 438.6 m 492.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 438.6 m 557.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 438.6 m 350.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 438.6 m 419.5 438.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 300.90 467.05 Td (For) Tj ET Q q 0 0 0 rg BT 314.73 467.05 Td ( the thr) Tj ET Q q 0 0 0 rg BT 343.06 467.05 Td (ee months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.30 458.05 Td (Mar) Tj ET Q q 0 0 0 rg BT 351.13 458.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.40 458.05 Td (Incr) Tj ET Q q 0 0 0 rg BT 468.73 458.05 Td (ease/\(Decr) Tj ET Q q 0 0 0 rg BT 508.54 458.05 Td (ease\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 308.50 443.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 377.50 443.05 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.60 443.05 Td (2018 vs. 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.25 428.06 Td (\( million, except percentages\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 413.06 Td (Income tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.00 413.06 Td (57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 413.06 Td (49) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 413.06 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 413.06 Td (15.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 413.06 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 387.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 387.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 122.89 387.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 138.02 387.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 173.13 387.10 Td (for ) Tj ET Q q 0 0 0 rg BT 187.70 387.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.82 387.10 Td (three ) Tj ET Q q 0 0 0 rg BT 225.71 387.10 Td (months ) Tj ET Q q 0 0 0 rg BT 258.07 387.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 284.85 387.10 Td (March ) Tj ET Q q 0 0 0 rg BT 313.86 387.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 329.26 387.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.26 387.10 Td ( ) Tj ET Q q 0 0 0 rg BT 352.17 387.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.63 387.10 Td (57 ) Tj ET Q q 0 0 0 rg BT 388.53 387.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.43 387.10 Td (, ) Tj ET Q q 0 0 0 rg BT 422.83 387.10 Td (an ) Tj ET Q q 0 0 0 rg BT 435.18 387.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 470.84 387.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.08 387.10 Td (8 ) Tj ET Q q 0 0 0 rg BT 494.98 387.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.87 387.10 Td (, ) Tj ET Q q 0 0 0 rg BT 529.28 387.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.52 387.10 Td (15.9) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 375.10 Td (percent, ) Tj ET Q q 0 0 0 rg BT 89.50 375.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.52 375.10 Td (49 ) Tj ET Q q 0 0 0 rg BT 131.10 375.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 375.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.58 375.10 Td (for ) Tj ET Q q 0 0 0 rg BT 178.82 375.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.61 375.10 Td (three ) Tj ET Q q 0 0 0 rg BT 218.18 375.10 Td (months ) Tj ET Q q 0 0 0 rg BT 251.21 375.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 278.67 375.10 Td (March ) Tj ET Q q 0 0 0 rg BT 308.35 375.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 324.43 375.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.43 375.10 Td (. ) Tj ET Q q 0 0 0 rg BT 350.25 375.10 Td (The ) Tj ET Q q 0 0 0 rg BT 369.38 375.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 405.71 375.10 Td (in ) Tj ET Q q 0 0 0 rg BT 417.07 375.10 Td (income ) Tj ET Q q 0 0 0 rg BT 450.08 375.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 465.88 375.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 501.67 375.10 Td (was ) Tj ET Q q 0 0 0 rg BT 520.80 375.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 363.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 101.48 363.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.20 363.10 Td (an ) Tj ET Q q 0 0 0 rg BT 122.58 363.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 157.27 363.10 Td (in ) Tj ET Q q 0 0 0 rg BT 166.99 363.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 191.15 363.10 Td (before ) Tj ET Q q 0 0 0 rg BT 218.63 363.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 243.61 363.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 278.88 363.10 Td (of) Tj ET Q q 0 0 0 rg BT 287.02 363.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 303.40 363.10 Td (by ) Tj ET Q q 0 0 0 rg BT 315.35 363.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 357.28 363.10 Td (deductions ) Tj ET Q q 0 0 0 rg BT 402.54 363.10 Td (due ) Tj ET Q q 0 0 0 rg BT 418.92 363.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.64 363.10 Td (an ) Tj ET Q q 0 0 0 rg BT 440.02 363.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 474.72 363.10 Td (in ) Tj ET Q q 0 0 0 rg BT 484.43 363.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.59 363.10 Td (cap ) Tj ET Q q 0 0 0 rg BT 514.41 363.10 Td (for ) Tj ET Q q 0 0 0 rg BT 528.01 363.10 Td (eligible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 351.10 Td (research ) Tj ET Q q 0 0 0 rg BT 89.71 351.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.56 351.10 Td (development ) Tj ET Q q 0 0 0 rg BT 160.62 351.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 183.03 351.10 Td (as ) Tj ET Q q 0 0 0 rg BT 193.77 351.10 Td (well ) Tj ET Q q 0 0 0 rg BT 213.39 351.10 Td (as ) Tj ET Q q 0 0 0 rg BT 224.13 351.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 266.53 351.10 Td (deductions ) Tj ET Q q 0 0 0 rg BT 312.27 351.10 Td (for ) Tj ET Q q 0 0 0 rg BT 326.33 351.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.96 351.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 392.79 351.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.53 351.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 426.48 351.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 454.72 351.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.91 351.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 512.28 351.10 Td (with ) Tj ET Q q 0 0 0 rg BT 532.46 351.10 Td (Italian ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 339.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 68.72 339.10 Td (legislation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 317.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.42 317.10 Td (ef) Tj ET Q q 0 0 0 rg BT 116.01 317.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 146.09 317.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 161.18 317.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 179.04 317.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 197.47 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.67 317.10 Td (IRAP\) ) Tj ET Q q 0 0 0 rg BT 237.66 317.10 Td (was ) Tj ET Q q 0 0 0 rg BT 256.09 317.10 Td (23.3 ) Tj ET Q q 0 0 0 rg BT 276.46 317.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 308.76 317.10 Td (for ) Tj ET Q q 0 0 0 rg BT 323.30 317.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.39 317.10 Td (three ) Tj ET Q q 0 0 0 rg BT 361.25 317.10 Td (months ) Tj ET Q q 0 0 0 rg BT 393.58 317.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 420.33 317.10 Td (March ) Tj ET Q q 0 0 0 rg BT 449.31 317.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 464.68 317.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.68 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.56 317.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 529.86 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.51 317.10 Td (23.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 305.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 85.92 305.10 Td (for ) Tj ET Q q 0 0 0 rg BT 100.08 305.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.80 305.10 Td (three ) Tj ET Q q 0 0 0 rg BT 137.29 305.10 Td (months ) Tj ET Q q 0 0 0 rg BT 169.23 305.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 195.61 305.10 Td (March ) Tj ET Q q 0 0 0 rg BT 224.21 305.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 239.21 305.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.21 305.10 Td (.) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 30.20 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 742.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 96.52 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.14 742.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 149.31 742.25 Td (Resour) Tj ET Q q 0 0 0 rg BT 179.68 742.25 Td (ces) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 718.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 93.72 718.25 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 694.25 Td (W) Tj ET Q q 0 0 0 rg BT 98.64 694.25 Td (e ) Tj ET Q q 0 0 0 rg BT 105.32 694.25 Td (require ) Tj ET Q q 0 0 0 rg BT 135.87 694.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 172.01 694.25 Td (in ) Tj ET Q q 0 0 0 rg BT 182.03 694.25 Td (order ) Tj ET Q q 0 0 0 rg BT 205.37 694.25 Td (to ) Tj ET Q q 0 0 0 rg BT 215.39 694.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 237.06 694.25 Td (our ) Tj ET Q q 0 0 0 rg BT 252.63 694.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 299.32 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.00 694.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 336.57 694.25 Td (our ) Tj ET Q q 0 0 0 rg BT 352.14 694.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 390.77 694.25 Td (Short-term ) Tj ET Q q 0 0 0 rg BT 436.34 694.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 472.47 694.25 Td (is ) Tj ET Q q 0 0 0 rg BT 481.38 694.25 Td (required ) Tj ET Q q 0 0 0 rg BT 516.94 694.25 Td (to ) Tj ET Q q 0 0 0 rg BT 526.96 694.25 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 682.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 71.12 682.25 Td (materials, ) Tj ET Q q 0 0 0 rg BT 112.40 682.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 133.96 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 150.53 682.25 Td (components ) Tj ET Q q 0 0 0 rg BT 200.98 682.25 Td (for ) Tj ET Q q 0 0 0 rg BT 214.77 682.25 Td (car ) Tj ET Q q 0 0 0 rg BT 229.11 682.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 277.06 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.63 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 303.53 682.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 323.99 682.25 Td (selling, ) Tj ET Q q 0 0 0 rg BT 355.28 682.25 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 417.12 682.25 Td (research ) Tj ET Q q 0 0 0 rg BT 452.55 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 469.12 682.25 Td (development, ) Tj ET Q q 0 0 0 rg BT 525.40 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 541.96 682.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 670.25 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 95.75 670.25 Td (In ) Tj ET Q q 0 0 0 rg BT 107.22 670.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 143.14 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 154.07 670.25 Td (our ) Tj ET Q q 0 0 0 rg BT 170.55 670.25 Td (general ) Tj ET Q q 0 0 0 rg BT 203.12 670.25 Td (working ) Tj ET Q q 0 0 0 rg BT 239.59 670.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 269.39 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 286.98 670.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 335.10 670.25 Td (needs, ) Tj ET Q q 0 0 0 rg BT 363.52 670.25 Td (we ) Tj ET Q q 0 0 0 rg BT 378.33 670.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 407.57 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 418.49 670.25 Td (use ) Tj ET Q q 0 0 0 rg BT 434.97 670.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 455.88 670.25 Td (for ) Tj ET Q q 0 0 0 rg BT 470.69 670.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 500.49 670.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 554.73 670.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 658.25 Td (support ) Tj ET Q q 0 0 0 rg BT 86.41 658.25 Td (our ) Tj ET Q q 0 0 0 rg BT 102.14 658.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 136.21 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 153.06 658.25 Td (future ) Tj ET Q q 0 0 0 rg BT 179.34 658.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 218.51 658.25 Td (W) Tj ET Q q 0 0 0 rg BT 227.15 658.25 Td (e ) Tj ET Q q 0 0 0 rg BT 233.99 658.25 Td (make ) Tj ET Q q 0 0 0 rg BT 258.06 658.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 287.11 658.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 337.29 658.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 367.47 658.25 Td (in ) Tj ET Q q 0 0 0 rg BT 377.66 658.25 Td (Italy) Tj ET Q q 0 0 0 rg BT 395.33 658.25 Td (, ) Tj ET Q q 0 0 0 rg BT 400.24 658.25 Td (for ) Tj ET Q q 0 0 0 rg BT 414.31 658.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 456.15 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 466.33 658.25 Td (introduce ) Tj ET Q q 0 0 0 rg BT 506.50 658.25 Td (new ) Tj ET Q q 0 0 0 rg BT 525.57 658.25 Td (products, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 646.25 Td (enhance ) Tj ET Q q 0 0 0 rg BT 88.33 646.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 148.22 646.25 Td (ef) Tj ET Q q 0 0 0 rg BT 155.81 646.25 Td (ficiency) Tj ET Q q 0 0 0 rg BT 187.36 646.25 Td (, ) Tj ET Q q 0 0 0 rg BT 191.44 646.25 Td (improve ) Tj ET Q q 0 0 0 rg BT 226.34 646.25 Td (capacity) Tj ET Q q 0 0 0 rg BT 259.00 646.25 Td (, ) Tj ET Q q 0 0 0 rg BT 263.08 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 279.09 646.25 Td (for ) Tj ET Q q 0 0 0 rg BT 292.33 646.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 344.43 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 360.45 646.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 419.79 646.25 Td (compliance. ) Tj ET Q q 0 0 0 rg BT 469.95 646.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 487.08 646.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 515.31 646.25 Td (expenditure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 64.37 634.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 86.97 634.25 Td (is ) Tj ET Q q 0 0 0 rg BT 96.23 634.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 134.36 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 144.73 634.25 Td (be ) Tj ET Q q 0 0 0 rg BT 156.76 634.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 217.12 634.25 Td (550 ) Tj ET Q q 0 0 0 rg BT 239.71 634.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 273.70 634.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 313.50 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.87 634.25 Td (support ) Tj ET Q q 0 0 0 rg BT 356.47 634.25 Td (continuous ) Tj ET Q q 0 0 0 rg BT 402.95 634.25 Td (product ) Tj ET Q q 0 0 0 rg BT 436.09 634.25 Td (range ) Tj ET Q q 0 0 0 rg BT 460.89 634.25 Td (renewal ) Tj ET Q q 0 0 0 rg BT 495.13 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.16 634.25 Td (research ) Tj ET Q q 0 0 0 rg BT 548.06 634.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 622.25 Td (development ) Tj ET Q q 0 0 0 rg BT 107.08 622.25 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 155.72 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 164.93 622.25 Td (transition ) Tj ET Q q 0 0 0 rg BT 204.14 622.25 Td (our ) Tj ET Q q 0 0 0 rg BT 218.90 622.25 Td (product ) Tj ET Q q 0 0 0 rg BT 250.88 622.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 287.31 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 296.52 622.25 Td (hybrid ) Tj ET Q q 0 0 0 rg BT 324.06 622.25 Td (technology) Tj ET Q q 0 0 0 rg BT 367.85 622.25 Td (. ) Tj ET Q q 0 0 0 rg BT 371.67 622.25 Td (W) Tj ET Q q 0 0 0 rg BT 380.31 622.25 Td (e ) Tj ET Q q 0 0 0 rg BT 386.18 622.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 404.83 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 414.05 622.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 433.81 622.25 Td (our ) Tj ET Q q 0 0 0 rg BT 448.57 622.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 476.66 622.25 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 525.29 622.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 610.25 Td (with ) Tj ET Q q 0 0 0 rg BT 74.28 610.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 94.55 610.25 Td (from ) Tj ET Q q 0 0 0 rg BT 116.49 610.25 Td (our ) Tj ET Q q 0 0 0 rg BT 132.32 610.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 172.58 610.25 Td (activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 586.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 108.63 586.25 Td (business ) Tj ET Q q 0 0 0 rg BT 145.59 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.10 586.25 Td (results ) Tj ET Q q 0 0 0 rg BT 192.29 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 203.69 586.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 248.42 586.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 280.37 586.25 Td (on ) Tj ET Q q 0 0 0 rg BT 293.44 586.25 Td (our ) Tj ET Q q 0 0 0 rg BT 309.85 586.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 338.47 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 349.32 586.25 Td (achieve ) Tj ET Q q 0 0 0 rg BT 382.93 586.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 413.21 586.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 455.17 586.25 Td (car ) Tj ET Q q 0 0 0 rg BT 470.45 586.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 510.19 586.25 Td (volumes. ) Tj ET Q q 0 0 0 rg BT 549.43 586.25 Td (W) Tj ET Q q 0 0 0 rg BT 558.07 586.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 574.25 Td (have ) Tj ET Q q 0 0 0 rg BT 75.17 574.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 119.68 574.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 142.52 574.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 164.81 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 181.54 574.25 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 222.42 574.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 256.92 574.25 Td (in ) Tj ET Q q 0 0 0 rg BT 267.00 574.25 Td (our ) Tj ET Q q 0 0 0 rg BT 282.62 574.25 Td (car ) Tj ET Q q 0 0 0 rg BT 297.12 574.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 336.08 574.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 372.26 574.25 Td (can ) Tj ET Q q 0 0 0 rg BT 388.43 574.25 Td (have ) Tj ET Q q 0 0 0 rg BT 409.60 574.25 Td (a ) Tj ET Q q 0 0 0 rg BT 416.33 574.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 460.84 574.25 Td (ef) Tj ET Q q 0 0 0 rg BT 468.43 574.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 485.71 574.25 Td (on ) Tj ET Q q 0 0 0 rg BT 498.00 574.25 Td (profitability ) Tj ET Q q 0 0 0 rg BT 548.06 574.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 562.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 87.24 562.25 Td (. ) Tj ET Q q 0 0 0 rg BT 91.12 562.25 Td (W) Tj ET Q q 0 0 0 rg BT 99.76 562.25 Td (e ) Tj ET Q q 0 0 0 rg BT 105.68 562.25 Td (centrally ) Tj ET Q q 0 0 0 rg BT 142.14 562.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 174.72 562.25 Td (our ) Tj ET Q q 0 0 0 rg BT 189.53 562.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 228.78 562.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 248.03 562.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 303.10 562.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 338.48 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 354.40 562.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 373.65 562.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 393.47 562.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 447.15 562.25 Td (with ) Tj ET Q q 0 0 0 rg BT 466.41 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.11 562.25 Td (objective ) Tj ET Q q 0 0 0 rg BT 518.25 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 528.06 562.25 Td (ensuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 550.25 Td (ef) Tj ET Q q 0 0 0 rg BT 61.59 550.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 91.29 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 108.23 550.25 Td (ef) Tj ET Q q 0 0 0 rg BT 115.82 550.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 143.87 550.25 Td (management ) Tj ET Q q 0 0 0 rg BT 197.46 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 208.29 550.25 Td (our ) Tj ET Q q 0 0 0 rg BT 224.12 550.25 Td (funds. ) Tj ET Q q 0 0 0 rg BT 251.17 550.25 Td (W) Tj ET Q q 0 0 0 rg BT 259.80 550.25 Td (e ) Tj ET Q q 0 0 0 rg BT 266.74 550.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 298.12 550.25 Td (that ) Tj ET Q q 0 0 0 rg BT 315.62 550.25 Td (our ) Tj ET Q q 0 0 0 rg BT 331.45 550.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 351.72 550.25 Td (generation ) Tj ET Q q 0 0 0 rg BT 396.42 550.25 Td (together ) Tj ET Q q 0 0 0 rg BT 431.69 550.25 Td (with ) Tj ET Q q 0 0 0 rg BT 451.97 550.25 Td (our ) Tj ET Q q 0 0 0 rg BT 467.80 550.25 Td (current ) Tj ET Q q 0 0 0 rg BT 498.62 550.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 535.02 550.25 Td (will ) Tj ET Q q 0 0 0 rg BT 553.07 550.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 538.25 Td (suf) Tj ET Q q 0 0 0 rg BT 66.04 538.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 94.08 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 104.36 538.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 126.29 538.25 Td (our ) Tj ET Q q 0 0 0 rg BT 142.13 538.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 189.07 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 206.01 538.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 226.84 538.25 Td (our ) Tj ET Q q 0 0 0 rg BT 242.67 538.25 Td (business ) Tj ET Q q 0 0 0 rg BT 279.06 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.00 538.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 325.15 538.25 Td (expenditures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 514.25 Td (See ) Tj ET Q q 0 0 0 rg BT 106.94 514.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 121.66 514.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 143.60 514.25 Td (Debt ) Tj ET Q q 0 0 0 rg BT 165.54 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.04 514.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 199.43 514.25 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 241.38 514.25 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.38 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 268.88 514.25 Td (section ) Tj ET Q q 0 0 0 rg BT 299.70 514.25 Td (below ) Tj ET Q q 0 0 0 rg BT 326.64 514.25 Td (for ) Tj ET Q q 0 0 0 rg BT 340.80 514.25 Td (further ) Tj ET Q q 0 0 0 rg BT 370.51 514.25 Td (details ) Tj ET Q q 0 0 0 rg BT 399.11 514.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 432.15 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 442.43 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.15 514.25 Td (Group's ) Tj ET Q q 0 0 0 rg BT 490.89 514.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 524.14 514.25 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 490.25 Td (Cyclical ) Tj ET Q q 0 0 0 rg BT 89.82 490.25 Td (Nature ) Tj ET Q q 0 0 0 rg BT 121.21 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.04 490.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 151.22 490.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 174.84 490.25 Td (Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 466.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 466.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 107.66 466.25 Td (working ) Tj ET Q q 0 0 0 rg BT 143.09 466.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 171.84 466.25 Td (is ) Tj ET Q q 0 0 0 rg BT 180.62 466.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 211.04 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 220.93 466.25 Td (month ) Tj ET Q q 0 0 0 rg BT 248.59 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 258.47 466.25 Td (month ) Tj ET Q q 0 0 0 rg BT 286.13 466.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 335.44 466.25 Td (due ) Tj ET Q q 0 0 0 rg BT 351.99 466.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 364.37 466.25 Td (among ) Tj ET Q q 0 0 0 rg BT 393.69 466.25 Td (others, ) Tj ET Q q 0 0 0 rg BT 422.73 466.25 Td (production ) Tj ET Q q 0 0 0 rg BT 468.16 466.25 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 506.65 466.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 538.74 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.18 466.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 454.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 92.01 454.25 Td (services ) Tj ET Q q 0 0 0 rg BT 127.25 454.25 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 167.78 454.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 196.93 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 208.29 454.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 223.54 454.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 264.90 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.38 454.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 312.06 454.25 Td (expenditure. ) Tj ET Q q 0 0 0 rg BT 364.80 454.25 Td (In ) Tj ET Q q 0 0 0 rg BT 376.16 454.25 Td (particular) Tj ET Q q 0 0 0 rg BT 414.07 454.25 Td (, ) Tj ET Q q 0 0 0 rg BT 419.60 454.25 Td (our ) Tj ET Q q 0 0 0 rg BT 435.97 454.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 477.33 454.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 503.69 454.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 539.47 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 454.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 442.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 86.17 442.25 Td (leading ) Tj ET Q q 0 0 0 rg BT 118.33 442.25 Td (up ) Tj ET Q q 0 0 0 rg BT 131.06 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 141.56 442.25 Td (launches ) Tj ET Q q 0 0 0 rg BT 179.28 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.34 442.25 Td (new ) Tj ET Q q 0 0 0 rg BT 209.73 442.25 Td (models, ) Tj ET Q q 0 0 0 rg BT 243.84 442.25 Td (during ) Tj ET Q q 0 0 0 rg BT 272.68 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.62 442.25 Td (phase-out ) Tj ET Q q 0 0 0 rg BT 329.23 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.29 442.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 362.45 442.25 Td (models ) Tj ET Q q 0 0 0 rg BT 394.07 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.24 442.25 Td (at ) Tj ET Q q 0 0 0 rg BT 421.18 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.13 442.25 Td (end ) Tj ET Q q 0 0 0 rg BT 453.29 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 464.35 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.30 442.25 Td (second ) Tj ET Q q 0 0 0 rg BT 509.79 442.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 540.84 442.25 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 430.25 Td (our ) Tj ET Q q 0 0 0 rg BT 69.83 430.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 110.66 430.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 136.48 430.25 Td (are ) Tj ET Q q 0 0 0 rg BT 151.19 430.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 179.23 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 189.51 430.25 Td (support ) Tj ET Q q 0 0 0 rg BT 222.01 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.73 430.25 Td (summer ) Tj ET Q q 0 0 0 rg BT 271.45 430.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 293.94 430.25 Td (shutdown.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 406.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.43 406.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 143.75 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 153.97 406.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 176.41 406.25 Td (also ) Tj ET Q q 0 0 0 rg BT 194.40 406.25 Td (af) Tj ET Q q 0 0 0 rg BT 201.99 406.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 222.75 406.25 Td (our ) Tj ET Q q 0 0 0 rg BT 237.97 406.25 Td (working ) Tj ET Q q 0 0 0 rg BT 273.19 406.25 Td (capital. ) Tj ET Q q 0 0 0 rg BT 304.09 406.25 Td (W) Tj ET Q q 0 0 0 rg BT 312.73 406.25 Td (e ) Tj ET Q q 0 0 0 rg BT 319.05 406.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 335.38 406.25 Td (our ) Tj ET Q q 0 0 0 rg BT 350.60 406.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 373.03 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 382.70 406.25 Td (two ) Tj ET Q q 0 0 0 rg BT 399.58 406.25 Td (advances. ) Tj ET Q q 0 0 0 rg BT 440.62 406.25 Td (In ) Tj ET Q q 0 0 0 rg BT 450.83 406.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 475.22 406.25 Td (we ) Tj ET Q q 0 0 0 rg BT 488.77 406.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 507.87 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.98 406.25 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 394.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 86.75 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 97.30 394.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 119.52 394.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 142.29 394.25 Td (as ) Tj ET Q q 0 0 0 rg BT 152.84 394.25 Td (well ) Tj ET Q q 0 0 0 rg BT 172.27 394.25 Td (as ) Tj ET Q q 0 0 0 rg BT 182.82 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.26 394.25 Td (first ) Tj ET Q q 0 0 0 rg BT 215.58 394.25 Td (advance ) Tj ET Q q 0 0 0 rg BT 250.56 394.25 Td (in ) Tj ET Q q 0 0 0 rg BT 260.56 394.25 Td (relation ) Tj ET Q q 0 0 0 rg BT 293.32 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 303.31 394.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 325.53 394.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 348.30 394.25 Td (in ) Tj ET Q q 0 0 0 rg BT 358.30 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.73 394.25 Td (second ) Tj ET Q q 0 0 0 rg BT 402.72 394.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 430.64 394.25 Td (, ) Tj ET Q q 0 0 0 rg BT 435.35 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 452.01 394.25 Td (we ) Tj ET Q q 0 0 0 rg BT 465.89 394.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 485.33 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.76 394.25 Td (second ) Tj ET Q q 0 0 0 rg BT 529.75 394.25 Td (advance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 64.26 382.25 Td (relation ) Tj ET Q q 0 0 0 rg BT 97.28 382.25 Td (to ) Tj ET Q q 0 0 0 rg BT 107.54 382.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 130.02 382.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 153.04 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 163.30 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.00 382.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 204.92 382.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 232.68 382.25 Td (. ) Tj ET Q q 0 0 0 rg BT 237.66 382.25 Td (In ) Tj ET Q q 0 0 0 rg BT 248.47 382.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 273.45 382.25 Td (we ) Tj ET Q q 0 0 0 rg BT 287.59 382.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 316.16 382.25 Td (to ) Tj ET Q q 0 0 0 rg BT 326.42 382.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 343.34 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.03 382.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 401.05 382.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 434.07 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.88 382.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 467.35 382.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 490.38 382.25 Td (as ) Tj ET Q q 0 0 0 rg BT 501.19 382.25 Td (well ) Tj ET Q q 0 0 0 rg BT 520.89 382.25 Td (as ) Tj ET Q q 0 0 0 rg BT 531.70 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 546.39 382.25 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 370.25 Td (advance ) Tj ET Q q 0 0 0 rg BT 88.37 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.76 370.25 Td (relation ) Tj ET Q q 0 0 0 rg BT 129.92 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 139.31 370.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 160.93 370.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 183.09 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 192.48 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.32 370.25 Td (second ) Tj ET Q q 0 0 0 rg BT 235.70 370.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 263.62 370.25 Td (, ) Tj ET Q q 0 0 0 rg BT 267.73 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 283.78 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 293.18 370.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 309.23 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.06 370.25 Td (second ) Tj ET Q q 0 0 0 rg BT 352.45 370.25 Td (advance ) Tj ET Q q 0 0 0 rg BT 386.82 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 396.76 370.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 418.38 370.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 440.54 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 449.93 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 463.76 370.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 489.82 370.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 519.75 370.25 Td (\(excluding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 358.25 Td (any ) Tj ET Q q 0 0 0 rg BT 70.94 358.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 105.10 358.25 Td (ef) Tj ET Q q 0 0 0 rg BT 112.69 358.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 134.07 358.25 Td (from ) Tj ET Q q 0 0 0 rg BT 156.01 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.72 358.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 207.66 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.49 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.20 358.25 Td (Group) Tj ET Q q 0 0 0 rg BT 261.53 358.25 Td (s ) Tj ET Q q 0 0 0 rg BT 267.93 358.25 Td (application ) Tj ET Q q 0 0 0 rg BT 314.85 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 325.13 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.85 358.25 Td (patent ) Tj ET Q q 0 0 0 rg BT 366.78 358.25 Td (box ) Tj ET Q q 0 0 0 rg BT 384.28 358.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 399.00 358.25 Td (regime ) Tj ET Q q 0 0 0 rg BT 429.26 358.25 Td (in ) Tj ET Q q 0 0 0 rg BT 439.54 358.25 Td (Italy\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 334.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 108.09 334.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 137.28 334.25 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 187.02 334.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 241.76 334.25 Td (are, ) Tj ET Q q 0 0 0 rg BT 259.01 334.25 Td (among ) Tj ET Q q 0 0 0 rg BT 288.76 334.25 Td (others, ) Tj ET Q q 0 0 0 rg BT 318.24 334.25 Td (influenced ) Tj ET Q q 0 0 0 rg BT 362.98 334.25 Td (by ) Tj ET Q q 0 0 0 rg BT 375.52 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 390.28 334.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 418.93 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.80 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.56 334.25 Td (launch ) Tj ET Q q 0 0 0 rg BT 473.75 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 484.62 334.25 Td (new ) Tj ET Q q 0 0 0 rg BT 503.82 334.25 Td (models ) Tj ET Q q 0 0 0 rg BT 535.24 334.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 554.72 334.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 322.25 Td (particular) Tj ET Q q 0 0 0 rg BT 91.91 322.25 Td (, ) Tj ET Q q 0 0 0 rg BT 96.88 322.25 Td (our ) Tj ET Q q 0 0 0 rg BT 112.67 322.25 Td (development ) Tj ET Q q 0 0 0 rg BT 166.79 322.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 189.26 322.25 Td (peak ) Tj ET Q q 0 0 0 rg BT 210.60 322.25 Td (in ) Tj ET Q q 0 0 0 rg BT 220.85 322.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 252.76 322.25 Td (when ) Tj ET Q q 0 0 0 rg BT 276.88 322.25 Td (we ) Tj ET Q q 0 0 0 rg BT 291.01 322.25 Td (develop ) Tj ET Q q 0 0 0 rg BT 325.13 322.25 Td (a ) Tj ET Q q 0 0 0 rg BT 332.04 322.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 376.72 322.25 Td (number ) Tj ET Q q 0 0 0 rg BT 409.73 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 420.53 322.25 Td (new ) Tj ET Q q 0 0 0 rg BT 439.66 322.25 Td (models ) Tj ET Q q 0 0 0 rg BT 471.01 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 481.26 322.25 Td (renew ) Tj ET Q q 0 0 0 rg BT 508.15 322.25 Td (or ) Tj ET Q q 0 0 0 rg BT 518.95 322.25 Td (refresh ) Tj ET Q q 0 0 0 rg BT 549.18 322.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 310.25 Td (product ) Tj ET Q q 0 0 0 rg BT 86.27 310.25 Td (range. ) Tj ET Q q 0 0 0 rg BT 112.69 310.25 Td (Going ) Tj ET Q q 0 0 0 rg BT 139.41 310.25 Td (forward, ) Tj ET Q q 0 0 0 rg BT 175.29 310.25 Td (our ) Tj ET Q q 0 0 0 rg BT 190.34 310.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 218.71 310.25 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 267.63 310.25 Td (will ) Tj ET Q q 0 0 0 rg BT 284.91 310.25 Td (also ) Tj ET Q q 0 0 0 rg BT 302.73 310.25 Td (be ) Tj ET Q q 0 0 0 rg BT 313.89 310.25 Td (influenced ) Tj ET Q q 0 0 0 rg BT 357.81 310.25 Td (by ) Tj ET Q q 0 0 0 rg BT 369.54 310.25 Td (research ) Tj ET Q q 0 0 0 rg BT 404.56 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.72 310.25 Td (development ) Tj ET Q q 0 0 0 rg BT 474.09 310.25 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 523.01 310.25 Td (to ) Tj ET Q q 0 0 0 rg BT 532.51 310.25 Td (support ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 298.25 Td (product ) Tj ET Q q 0 0 0 rg BT 86.66 298.25 Td (range ) Tj ET Q q 0 0 0 rg BT 110.99 298.25 Td (expansion. ) Tj ET Q q 0 0 0 rg BT 156.15 298.25 Td (In ) Tj ET Q q 0 0 0 rg BT 166.59 298.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 188.71 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 205.26 298.25 Td (future ) Tj ET Q q 0 0 0 rg BT 231.26 298.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 262.81 298.25 Td (we ) Tj ET Q q 0 0 0 rg BT 276.59 298.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 304.80 298.25 Td (that ) Tj ET Q q 0 0 0 rg BT 321.91 298.25 Td (our ) Tj ET Q q 0 0 0 rg BT 337.35 298.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 362.79 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.24 298.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 402.01 298.25 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 451.32 298.25 Td (will ) Tj ET Q q 0 0 0 rg BT 469.00 298.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 503.87 298.25 Td (as ) Tj ET Q q 0 0 0 rg BT 514.31 298.25 Td (we ) Tj ET Q q 0 0 0 rg BT 528.09 298.25 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 286.25 Td (our ) Tj ET Q q 0 0 0 rg BT 69.68 286.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 115.92 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 126.05 286.25 Td (hybrid ) Tj ET Q q 0 0 0 rg BT 154.51 286.25 Td (technology) Tj ET Q q 0 0 0 rg BT 198.29 286.25 Td (. ) Tj ET Q q 0 0 0 rg BT 203.15 286.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 234.38 286.25 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 283.93 286.25 Td (is ) Tj ET Q q 0 0 0 rg BT 292.96 286.25 Td (also ) Tj ET Q q 0 0 0 rg BT 311.42 286.25 Td (influenced ) Tj ET Q q 0 0 0 rg BT 355.97 286.25 Td (by ) Tj ET Q q 0 0 0 rg BT 368.33 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.89 286.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 411.36 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 422.04 286.25 Td (research ) Tj ET Q q 0 0 0 rg BT 457.70 286.25 Td (and ) Tj ET Q q 0 0 0 rg BT 474.49 286.25 Td (development ) Tj ET Q q 0 0 0 rg BT 528.50 286.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 550.85 286.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 274.25 Td (our ) Tj ET Q q 0 0 0 rg BT 69.83 274.25 Td (Formula ) Tj ET Q q 0 0 0 rg BT 106.22 274.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 113.72 274.25 Td (activities, ) Tj ET Q q 0 0 0 rg BT 154.82 274.25 Td (for ) Tj ET Q q 0 0 0 rg BT 168.98 274.25 Td (which ) Tj ET Q q 0 0 0 rg BT 195.91 274.25 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 245.62 274.25 Td (is ) Tj ET Q q 0 0 0 rg BT 254.79 274.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 294.49 274.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 322.54 274.25 Td (in ) Tj ET Q q 0 0 0 rg BT 332.81 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.53 274.25 Td (first ) Tj ET Q q 0 0 0 rg BT 366.14 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.08 274.25 Td (last ) Tj ET Q q 0 0 0 rg BT 399.46 274.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 430.28 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 441.11 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.83 274.25 Td (year) Tj ET Q q 0 0 0 rg BT 472.48 274.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 250.25 Td (W) Tj ET Q q 0 0 0 rg BT 98.64 250.25 Td (e ) Tj ET Q q 0 0 0 rg BT 105.28 250.25 Td (tend ) Tj ET Q q 0 0 0 rg BT 124.70 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.69 250.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 174.09 250.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 205.16 250.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 241.80 250.25 Td (for ) Tj ET Q q 0 0 0 rg BT 255.66 250.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 273.96 250.25 Td (between ) Tj ET Q q 0 0 0 rg BT 309.48 250.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 321.69 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 338.33 250.25 Td (40 ) Tj ET Q q 0 0 0 rg BT 350.54 250.25 Td (days ) Tj ET Q q 0 0 0 rg BT 371.07 250.25 Td (after ) Tj ET Q q 0 0 0 rg BT 391.59 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.01 250.25 Td (car ) Tj ET Q q 0 0 0 rg BT 420.42 250.25 Td (is ) Tj ET Q q 0 0 0 rg BT 429.30 250.25 Td (shipped ) Tj ET Q q 0 0 0 rg BT 462.61 250.25 Td (\(except ) Tj ET Q q 0 0 0 rg BT 494.24 250.25 Td (when ) Tj ET Q q 0 0 0 rg BT 518.11 250.25 Td (we ) Tj ET Q q 0 0 0 rg BT 531.97 250.25 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 238.25 Td (dealer ) Tj ET Q q 0 0 0 rg BT 80.96 238.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 121.27 238.25 Td (or ) Tj ET Q q 0 0 0 rg BT 132.13 238.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 148.56 238.25 Td (invoices ) Tj ET Q q 0 0 0 rg BT 184.42 238.25 Td (to ) Tj ET Q q 0 0 0 rg BT 194.74 238.25 Td (a ) Tj ET Q q 0 0 0 rg BT 201.72 238.25 Td (factor\), ) Tj ET Q q 0 0 0 rg BT 233.40 238.25 Td (while ) Tj ET Q q 0 0 0 rg BT 258.16 238.25 Td (we ) Tj ET Q q 0 0 0 rg BT 272.36 238.25 Td (tend ) Tj ET Q q 0 0 0 rg BT 292.12 238.25 Td (to ) Tj ET Q q 0 0 0 rg BT 302.43 238.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 319.41 238.25 Td (most ) Tj ET Q q 0 0 0 rg BT 341.40 238.25 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 380.04 238.25 Td (between ) Tj ET Q q 0 0 0 rg BT 415.90 238.25 Td (90 ) Tj ET Q q 0 0 0 rg BT 428.44 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.42 238.25 Td (105 ) Tj ET Q q 0 0 0 rg BT 462.96 238.25 Td (days ) Tj ET Q q 0 0 0 rg BT 483.82 238.25 Td (after ) Tj ET Q q 0 0 0 rg BT 504.68 238.25 Td (we ) Tj ET Q q 0 0 0 rg BT 518.88 238.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 550.28 238.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 226.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 71.19 226.25 Td (materials ) Tj ET Q q 0 0 0 rg BT 110.03 226.25 Td (or ) Tj ET Q q 0 0 0 rg BT 120.56 226.25 Td (components. ) Tj ET Q q 0 0 0 rg BT 173.09 226.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 222.99 226.25 Td (, ) Tj ET Q q 0 0 0 rg BT 227.69 226.25 Td (we ) Tj ET Q q 0 0 0 rg BT 241.54 226.25 Td (also ) Tj ET Q q 0 0 0 rg BT 259.85 226.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 290.90 226.25 Td (advance ) Tj ET Q q 0 0 0 rg BT 325.85 226.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 366.37 226.25 Td (from ) Tj ET Q q 0 0 0 rg BT 388.01 226.25 Td (our ) Tj ET Q q 0 0 0 rg BT 403.53 226.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 448.77 226.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 478.74 226.25 Td (for ) Tj ET Q q 0 0 0 rg BT 492.60 226.25 Td (our ) Tj ET Q q 0 0 0 rg BT 508.12 226.25 Td (supercars ) Tj ET Q q 0 0 0 rg BT 548.07 226.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 214.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 85.15 214.25 Td (edition ) Tj ET Q q 0 0 0 rg BT 115.74 214.25 Td (cars. ) Tj ET Q q 0 0 0 rg BT 136.95 214.25 Td (W) Tj ET Q q 0 0 0 rg BT 145.59 214.25 Td (e ) Tj ET Q q 0 0 0 rg BT 152.84 214.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 190.65 214.25 Td (suf) Tj ET Q q 0 0 0 rg BT 202.69 214.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 231.05 214.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 272.19 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 283.33 214.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 301.14 214.25 Td (materials ) Tj ET Q q 0 0 0 rg BT 340.61 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.86 214.25 Td (components ) Tj ET Q q 0 0 0 rg BT 409.00 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 419.60 214.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 448.51 214.25 Td (continuity ) Tj ET Q q 0 0 0 rg BT 491.88 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.03 214.25 Td (our ) Tj ET Q q 0 0 0 rg BT 519.18 214.25 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 202.25 Td (lines ) Tj ET Q q 0 0 0 rg BT 74.76 202.25 Td (but ) Tj ET Q q 0 0 0 rg BT 89.41 202.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 124.05 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.25 202.25 Td (most ) Tj ET Q q 0 0 0 rg BT 155.58 202.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 172.44 202.25 Td (materials ) Tj ET Q q 0 0 0 rg BT 210.97 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 227.28 202.25 Td (components ) Tj ET Q q 0 0 0 rg BT 277.48 202.25 Td (takes ) Tj ET Q q 0 0 0 rg BT 299.90 202.25 Td (place ) Tj ET Q q 0 0 0 rg BT 322.87 202.25 Td (monthly ) Tj ET Q q 0 0 0 rg BT 358.08 202.25 Td (or ) Tj ET Q q 0 0 0 rg BT 368.28 202.25 Td (more ) Tj ET Q q 0 0 0 rg BT 390.70 202.25 Td (frequently ) Tj ET Q q 0 0 0 rg BT 433.67 202.25 Td (in ) Tj ET Q q 0 0 0 rg BT 443.32 202.25 Td (order ) Tj ET Q q 0 0 0 rg BT 466.29 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 475.95 202.25 Td (minimize ) Tj ET Q q 0 0 0 rg BT 515.59 202.25 Td (inventories. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 190.25 Td (The ) Tj ET Q q 0 0 0 rg BT 71.77 190.25 Td (manufacture ) Tj ET Q q 0 0 0 rg BT 123.97 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.52 190.25 Td (one ) Tj ET Q q 0 0 0 rg BT 151.19 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 161.74 190.25 Td (our ) Tj ET Q q 0 0 0 rg BT 177.30 190.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 195.62 190.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 232.84 190.25 Td (takes ) Tj ET Q q 0 0 0 rg BT 255.61 190.25 Td (between ) Tj ET Q q 0 0 0 rg BT 291.15 190.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 303.38 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 320.04 190.25 Td (45 ) Tj ET Q q 0 0 0 rg BT 332.27 190.25 Td (days, ) Tj ET Q q 0 0 0 rg BT 355.32 190.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 399.21 190.25 Td (on ) Tj ET Q q 0 0 0 rg BT 411.43 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.87 190.25 Td (level ) Tj ET Q q 0 0 0 rg BT 447.53 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.09 190.25 Td (automation ) Tj ET Q q 0 0 0 rg BT 505.30 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 515.86 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 530.30 190.25 Td (relevant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 178.25 Td (production ) Tj ET Q q 0 0 0 rg BT 99.40 178.25 Td (line, ) Tj ET Q q 0 0 0 rg BT 118.96 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 135.47 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.76 178.25 Td (car ) Tj ET Q q 0 0 0 rg BT 164.03 178.25 Td (is ) Tj ET Q q 0 0 0 rg BT 172.77 178.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 212.05 178.25 Td (shipped ) Tj ET Q q 0 0 0 rg BT 245.23 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 255.07 178.25 Td (our ) Tj ET Q q 0 0 0 rg BT 270.47 178.25 Td (dealers ) Tj ET Q q 0 0 0 rg BT 300.86 178.25 Td (three ) Tj ET Q q 0 0 0 rg BT 322.92 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 332.76 178.25 Td (six ) Tj ET Q q 0 0 0 rg BT 346.50 178.25 Td (days ) Tj ET Q q 0 0 0 rg BT 366.91 178.25 Td (following ) Tj ET Q q 0 0 0 rg BT 407.86 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.15 178.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 469.21 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.61 178.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 527.51 178.25 Td (although ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 166.25 Td (to ) Tj ET Q q 0 0 0 rg BT 64.01 166.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 92.35 166.25 Td (prompt ) Tj ET Q q 0 0 0 rg BT 123.47 166.25 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 164.58 166.25 Td (in ) Tj ET Q q 0 0 0 rg BT 174.59 166.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 204.03 166.25 Td (regions ) Tj ET Q q 0 0 0 rg BT 235.70 166.25 Td (we ) Tj ET Q q 0 0 0 rg BT 249.60 166.25 Td (may ) Tj ET Q q 0 0 0 rg BT 269.05 166.25 Td (warehouse ) Tj ET Q q 0 0 0 rg BT 314.04 166.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 332.38 166.25 Td (in ) Tj ET Q q 0 0 0 rg BT 342.39 166.25 Td (local ) Tj ET Q q 0 0 0 rg BT 364.06 166.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 397.95 166.25 Td (for ) Tj ET Q q 0 0 0 rg BT 411.85 166.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 439.63 166.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 471.30 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 481.87 166.25 Td (time. ) Tj ET Q q 0 0 0 rg BT 503.88 166.25 Td (As ) Tj ET Q q 0 0 0 rg BT 517.23 166.25 Td (a ) Tj ET Q q 0 0 0 rg BT 523.91 166.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 550.86 166.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 154.25 Td (tend ) Tj ET Q q 0 0 0 rg BT 73.80 154.25 Td (to ) Tj ET Q q 0 0 0 rg BT 84.16 154.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 115.61 154.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 152.63 154.25 Td (for ) Tj ET Q q 0 0 0 rg BT 166.87 154.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 185.56 154.25 Td (shipped ) Tj ET Q q 0 0 0 rg BT 219.25 154.25 Td (before ) Tj ET Q q 0 0 0 rg BT 247.37 154.25 Td (we ) Tj ET Q q 0 0 0 rg BT 261.62 154.25 Td (are ) Tj ET Q q 0 0 0 rg BT 276.41 154.25 Td (required ) Tj ET Q q 0 0 0 rg BT 312.31 154.25 Td (to ) Tj ET Q q 0 0 0 rg BT 322.67 154.25 Td (make ) Tj ET Q q 0 0 0 rg BT 346.91 154.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 383.93 154.25 Td (for ) Tj ET Q q 0 0 0 rg BT 398.17 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.97 154.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 430.55 154.25 Td (material ) Tj ET Q q 0 0 0 rg BT 465.89 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.91 154.25 Td (components ) Tj ET Q q 0 0 0 rg BT 533.82 154.25 Td (used ) Tj ET Q q 0 0 0 rg BT 554.74 154.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 142.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 114.81 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.53 142.25 Td (cars.) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 30.20 Td (17) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 742.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 77.62 742.25 Td (Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 718.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.71 718.25 Td (following ) Tj ET Q q 0 0 0 rg BT 148.76 718.25 Td (table ) Tj ET Q q 0 0 0 rg BT 170.35 718.25 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 220.28 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.66 718.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 254.59 718.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 278.97 718.25 Td (from/\(used ) Tj ET Q q 0 0 0 rg BT 325.01 718.25 Td (in\) ) Tj ET Q q 0 0 0 rg BT 338.28 718.25 Td (operating, ) Tj ET Q q 0 0 0 rg BT 380.71 718.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 419.54 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.14 718.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 476.06 718.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 514.32 718.25 Td (for ) Tj ET Q q 0 0 0 rg BT 528.14 718.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.52 718.25 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 706.25 Td (months ) Tj ET Q q 0 0 0 rg BT 86.93 706.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 114.30 706.25 Td (March ) Tj ET Q q 0 0 0 rg BT 143.88 706.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 159.87 706.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.87 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 183.36 706.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.28 706.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.28 706.25 Td (. ) Tj ET Q q 0 0 0 rg BT 227.27 706.25 Td (For ) Tj ET Q q 0 0 0 rg BT 244.64 706.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 288.12 706.25 Td (details ) Tj ET Q q 0 0 0 rg BT 317.71 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.53 706.25 Td (our ) Tj ET Q q 0 0 0 rg BT 346.34 706.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 367.60 706.25 Td (flows, ) Tj ET Q q 0 0 0 rg BT 395.81 706.25 Td (see ) Tj ET Q q 0 0 0 rg BT 412.06 706.25 Td (our ) Tj ET Q q 0 0 0 rg BT 428.88 706.25 Td (Interim ) Tj ET Q q 0 0 0 rg BT 461.80 706.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 509.72 706.25 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 694.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 93.71 694.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 140.09 694.25 Td (included ) Tj ET Q q 0 0 0 rg BT 177.03 694.25 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 219.50 694.25 Td (in ) Tj ET Q q 0 0 0 rg BT 229.78 694.25 Td (this ) Tj ET Q q 0 0 0 rg BT 246.73 694.25 Td (Interim ) Tj ET Q q 0 0 0 rg BT 278.66 694.25 Td (Report.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.75 640.75 304.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 640.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 640.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 640.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.75 612.75 304.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 612.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 612.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 612.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.75 584.75 304.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 584.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 584.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 584.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.75 556.75 304.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 556.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 556.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 556.75 100.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 669.75 m 457.75 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.75 669.75 m 461.75 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 669.75 m 561.75 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 669.75 m 457.75 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 655.75 m 457.75 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 669.75 m 561.75 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 655.75 m 561.75 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 655.75 m 457.75 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 655.75 m 561.75 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 570.75 m 457.75 570.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 556.75 m 457.75 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 570.75 m 561.75 570.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 556.75 m 561.75 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 556.75 m 457.75 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 543.75 m 457.75 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 541.75 m 457.75 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 556.75 m 561.75 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 543.75 m 561.75 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 541.75 m 561.75 541.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 674.61 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.35 674.20 Td (For) Tj ET Q q 0 0 0 rg BT 401.18 674.20 Td ( the thr) Tj ET Q q 0 0 0 rg BT 429.51 674.20 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 512.59 674.20 Td (ch 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 660.61 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.25 660.20 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.25 660.20 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 645.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.85 645.21 Td (\( million\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.25 631.20 Td (Cash and cash equivalents at the beginning of the period) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.75 631.20 Td (648) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.75 631.20 Td (458) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 617.21 Td (Cash flows from operating activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 617.21 Td (210) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.75 617.21 Td (142) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 603.21 Td (Cash flows used in investing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 603.21 Td (\(121) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.25 603.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.25 603.21 Td (\(64) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.25 603.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 589.21 Td (Cash flows from financing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.75 589.21 Td (7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.25 589.21 Td (35) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 575.21 Td (T) Tj ET Q q 0 0 0 rg BT 61.43 575.21 Td (ranslation exchange dif) Tj ET Q q 0 0 0 rg BT 145.23 575.21 Td (ferences) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.75 575.21 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.25 575.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.75 575.21 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.25 575.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.25 561.20 Td (T) Tj ET Q q 0 0 0 rg BT 61.43 561.20 Td (otal change in cash and cash equivalents) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.25 561.20 Td (95) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.75 561.20 Td (1) Tj ET Q q 0 0 0 rg BT 549.25 561.20 Td (1) Tj ET Q q 0 0 0 rg BT 553.75 561.20 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.25 547.20 Td (Cash and cash equivalents at the end of the period) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.75 547.70 Td (743) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.75 547.70 Td (569) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 519.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 519.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 133.43 519.25 Td (Activities ) Tj ET Q q 0 0 0 rg BT 173.13 519.25 Td (- ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 178.96 519.25 Td (Thr) Tj ET Q q 0 0 0 rg BT 193.05 519.25 Td (ee ) Tj ET Q q 0 0 0 rg BT 204.42 519.25 Td (Months ) Tj ET Q q 0 0 0 rg BT 236.92 519.25 Td (Ended ) Tj ET Q q 0 0 0 rg BT 264.97 519.25 Td (Mar) Tj ET Q q 0 0 0 rg BT 281.82 519.25 Td (ch ) Tj ET Q q 0 0 0 rg BT 293.76 519.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 308.76 519.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.76 519.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 495.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 495.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 108.20 495.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 128.61 495.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 153.48 495.25 Td (from ) Tj ET Q q 0 0 0 rg BT 175.57 495.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 215.98 495.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 254.72 495.25 Td (for ) Tj ET Q q 0 0 0 rg BT 269.03 495.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.89 495.25 Td (three ) Tj ET Q q 0 0 0 rg BT 306.52 495.25 Td (months ) Tj ET Q q 0 0 0 rg BT 338.62 495.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 365.14 495.25 Td (March ) Tj ET Q q 0 0 0 rg BT 393.89 495.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 409.03 495.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.03 495.25 Td ( ) Tj ET Q q 0 0 0 rg BT 431.68 495.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.75 495.25 Td (210 ) Tj ET Q q 0 0 0 rg BT 476.40 495.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.29 495.25 Td (, ) Tj ET Q q 0 0 0 rg BT 510.44 495.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 550.30 495.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 483.25 Td (result ) Tj ET Q q 0 0 0 rg BT 78.72 483.25 Td (of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 459.25 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 459.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 114.06 459.25 Td (before ) Tj ET Q q 0 0 0 rg BT 141.43 459.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 163.82 459.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.98 459.25 Td (206 ) Tj ET Q q 0 0 0 rg BT 195.82 459.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.71 459.25 Td ( ) Tj ET Q q 0 0 0 rg BT 226.55 459.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 261.72 459.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.21 459.25 Td (62 ) Tj ET Q q 0 0 0 rg BT 292.05 459.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.94 459.25 Td ( ) Tj ET Q q 0 0 0 rg BT 322.78 459.25 Td (for ) Tj ET Q q 0 0 0 rg BT 336.28 459.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 387.54 459.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.82 459.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 456.19 459.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 492.74 459.25 Td (9 ) Tj ET Q q 0 0 0 rg BT 504.58 459.25 Td (million ) Tj ET Q q 0 0 0 rg BT 535.31 459.25 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 447.25 Td (to ) Tj ET Q q 0 0 0 rg BT 100.28 447.25 Td (other ) Tj ET Q q 0 0 0 rg BT 123.33 447.25 Td (net ) Tj ET Q q 0 0 0 rg BT 138.04 447.25 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 176.64 447.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 215.24 447.25 Td (and ) Tj ET Q q 0 0 0 rg BT 232.18 447.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 276.35 447.25 Td (as ) Tj ET Q q 0 0 0 rg BT 287.18 447.25 Td (well ) Tj ET Q q 0 0 0 rg BT 306.89 447.25 Td (as ) Tj ET Q q 0 0 0 rg BT 317.72 447.25 Td (4 ) Tj ET Q q 0 0 0 rg BT 330.22 447.25 Td (million ) Tj ET Q q 0 0 0 rg BT 361.62 447.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.45 447.25 Td (net ) Tj ET Q q 0 0 0 rg BT 387.16 447.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 419.09 447.25 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 435.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 423.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 423.25 Td (These ) Tj ET Q q 0 0 0 rg BT 116.38 423.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 136.65 423.25 Td (inflows ) Tj ET Q q 0 0 0 rg BT 169.15 423.25 Td (were ) Tj ET Q q 0 0 0 rg BT 191.07 423.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 226.89 423.25 Td (of) Tj ET Q q 0 0 0 rg BT 235.04 423.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 251.98 423.25 Td (by:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 399.25 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 399.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 107.28 399.25 Td (million ) Tj ET Q q 0 0 0 rg BT 138.46 399.25 Td (related ) Tj ET Q q 0 0 0 rg BT 167.94 399.25 Td (to ) Tj ET Q q 0 0 0 rg BT 178.00 399.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 198.05 399.25 Td (absorbed ) Tj ET Q q 0 0 0 rg BT 236.43 399.25 Td (from ) Tj ET Q q 0 0 0 rg BT 258.15 399.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.65 399.25 Td (net ) Tj ET Q q 0 0 0 rg BT 287.15 399.25 Td (change ) Tj ET Q q 0 0 0 rg BT 317.74 399.25 Td (in ) Tj ET Q q 0 0 0 rg BT 327.80 399.25 Td (inventories, ) Tj ET Q q 0 0 0 rg BT 377.02 399.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 399.29 399.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 446.54 399.25 Td (and ) Tj ET Q q 0 0 0 rg BT 463.26 399.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 485.53 399.25 Td (payables, ) Tj ET Q q 0 0 0 rg BT 525.29 399.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 387.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 118.20 387.25 Td (by ) Tj ET Q q 0 0 0 rg BT 130.84 387.25 Td (an ) Tj ET Q q 0 0 0 rg BT 142.93 387.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 178.33 387.25 Td (in ) Tj ET Q q 0 0 0 rg BT 188.76 387.25 Td (inventories ) Tj ET Q q 0 0 0 rg BT 235.84 387.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.82 387.25 Td (38 ) Tj ET Q q 0 0 0 rg BT 264.47 387.25 Td (million ) Tj ET Q q 0 0 0 rg BT 296.01 387.25 Td (and ) Tj ET Q q 0 0 0 rg BT 313.10 387.25 Td (an ) Tj ET Q q 0 0 0 rg BT 325.19 387.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 360.59 387.25 Td (in ) Tj ET Q q 0 0 0 rg BT 371.02 387.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 393.65 387.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 441.27 387.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.25 387.25 Td (16 ) Tj ET Q q 0 0 0 rg BT 469.90 387.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 503.94 387.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 539.91 387.25 Td (of) Tj ET Q q 0 0 0 rg BT 548.06 387.25 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 375.25 Td (by ) Tj ET Q q 0 0 0 rg BT 102.50 375.25 Td (an ) Tj ET Q q 0 0 0 rg BT 114.44 375.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 149.69 375.25 Td (in ) Tj ET Q q 0 0 0 rg BT 159.97 375.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 182.46 375.25 Td (payables ) Tj ET Q q 0 0 0 rg BT 219.94 375.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.77 375.25 Td (24 ) Tj ET Q q 0 0 0 rg BT 248.27 375.25 Td (million;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 351.25 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 351.25 Td (18 ) Tj ET Q q 0 0 0 rg BT 107.79 351.25 Td (million ) Tj ET Q q 0 0 0 rg BT 139.46 351.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 172.79 351.25 Td (to ) Tj ET Q q 0 0 0 rg BT 183.35 351.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 203.91 351.25 Td (absorbed ) Tj ET Q q 0 0 0 rg BT 242.79 351.25 Td (by ) Tj ET Q q 0 0 0 rg BT 255.58 351.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.58 351.25 Td (net ) Tj ET Q q 0 0 0 rg BT 285.58 351.25 Td (change ) Tj ET Q q 0 0 0 rg BT 316.68 351.25 Td (in ) Tj ET Q q 0 0 0 rg BT 327.25 351.25 Td (other ) Tj ET Q q 0 0 0 rg BT 350.58 351.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 391.13 351.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 417.25 351.25 Td (and ) Tj ET Q q 0 0 0 rg BT 434.47 351.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 476.97 351.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 516.97 351.25 Td (attributable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 339.25 Td (to ) Tj ET Q q 0 0 0 rg BT 100.28 339.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.00 339.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 151.93 339.25 Td (of ) Tj ET Q q 0 0 0 rg BT 162.76 339.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 204.13 339.25 Td (bonuses;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 315.25 Td (\(iii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 315.25 Td (8 ) Tj ET Q q 0 0 0 rg BT 102.50 315.25 Td (million ) Tj ET Q q 0 0 0 rg BT 133.89 315.25 Td (related ) Tj ET Q q 0 0 0 rg BT 163.59 315.25 Td (to ) Tj ET Q q 0 0 0 rg BT 173.87 315.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 194.14 315.25 Td (absorbed ) Tj ET Q q 0 0 0 rg BT 232.74 315.25 Td (from ) Tj ET Q q 0 0 0 rg BT 254.68 315.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 302.15 315.25 Td (from ) Tj ET Q q 0 0 0 rg BT 324.09 315.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 364.35 315.25 Td (activities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 291.25 Td (\(iv\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 291.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 107.50 291.25 Td (million ) Tj ET Q q 0 0 0 rg BT 138.89 291.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.72 291.25 Td (net ) Tj ET Q q 0 0 0 rg BT 164.44 291.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 196.36 291.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 218.86 291.25 Td (paid; ) Tj ET Q q 0 0 0 rg BT 241.36 291.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 267.25 Td (\(v\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 267.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 102.50 267.25 Td (million ) Tj ET Q q 0 0 0 rg BT 133.89 267.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.72 267.25 Td (income ) Tj ET Q q 0 0 0 rg BT 176.66 267.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 199.70 267.25 Td (paid.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 231.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 231.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 133.43 231.25 Td (Activities ) Tj ET Q q 0 0 0 rg BT 173.13 231.25 Td (- ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 178.96 231.25 Td (Thr) Tj ET Q q 0 0 0 rg BT 193.05 231.25 Td (ee ) Tj ET Q q 0 0 0 rg BT 204.42 231.25 Td (Months ) Tj ET Q q 0 0 0 rg BT 236.92 231.25 Td (Ended ) Tj ET Q q 0 0 0 rg BT 264.97 231.25 Td (Mar) Tj ET Q q 0 0 0 rg BT 281.82 231.25 Td (ch ) Tj ET Q q 0 0 0 rg BT 293.76 231.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 308.76 231.25 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 328.76 231.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 197.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 197.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 108.20 197.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 128.61 197.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 153.48 197.25 Td (from ) Tj ET Q q 0 0 0 rg BT 175.57 197.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 215.98 197.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 254.72 197.25 Td (for ) Tj ET Q q 0 0 0 rg BT 269.03 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.89 197.25 Td (three ) Tj ET Q q 0 0 0 rg BT 306.52 197.25 Td (months ) Tj ET Q q 0 0 0 rg BT 338.62 197.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 365.14 197.25 Td (March ) Tj ET Q q 0 0 0 rg BT 393.89 197.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 409.03 197.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 431.68 197.25 Td (were ) Tj ET Q q 0 0 0 rg BT 453.75 197.25 Td (142 ) Tj ET Q q 0 0 0 rg BT 476.40 197.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 510.44 197.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 550.30 197.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 185.25 Td (result ) Tj ET Q q 0 0 0 rg BT 78.72 185.25 Td (of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 161.25 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 161.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 115.56 161.25 Td (before ) Tj ET Q q 0 0 0 rg BT 144.44 161.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 168.32 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.00 161.25 Td (173 ) Tj ET Q q 0 0 0 rg BT 203.34 161.25 Td (million ) Tj ET Q q 0 0 0 rg BT 235.57 161.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 272.24 161.25 Td (for ) Tj ET Q q 0 0 0 rg BT 287.24 161.25 Td (65 ) Tj ET Q q 0 0 0 rg BT 305.58 161.25 Td (million ) Tj ET Q q 0 0 0 rg BT 337.81 161.25 Td (for ) Tj ET Q q 0 0 0 rg BT 352.81 161.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 405.57 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 423.35 161.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 477.23 161.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 515.28 161.25 Td (27 ) Tj ET Q q 0 0 0 rg BT 533.62 161.25 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 149.25 Td (related ) Tj ET Q q 0 0 0 rg BT 118.62 149.25 Td (to ) Tj ET Q q 0 0 0 rg BT 127.81 149.25 Td (other ) Tj ET Q q 0 0 0 rg BT 149.78 149.25 Td (net ) Tj ET Q q 0 0 0 rg BT 163.41 149.25 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 200.92 149.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 240.94 149.25 Td (result ) Tj ET Q q 0 0 0 rg BT 264.57 149.25 Td (from ) Tj ET Q q 0 0 0 rg BT 285.42 149.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 334.61 149.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.47 149.25 Td (net ) Tj ET Q q 0 0 0 rg BT 364.10 149.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 386.63 149.25 Td (on ) Tj ET Q q 0 0 0 rg BT 398.04 149.25 Td (disposals ) Tj ET Q q 0 0 0 rg BT 436.13 149.25 Td (of ) Tj ET Q q 0 0 0 rg BT 445.87 149.25 Td (property) Tj ET Q q 0 0 0 rg BT 479.10 149.25 Td (, ) Tj ET Q q 0 0 0 rg BT 483.02 149.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 504.43 149.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.28 149.25 Td (equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 137.25 Td (and ) Tj ET Q q 0 0 0 rg BT 106.94 137.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 149.43 137.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 177.76 137.25 Td (4 ) Tj ET Q q 0 0 0 rg BT 190.26 137.25 Td (million ) Tj ET Q q 0 0 0 rg BT 221.65 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 232.48 137.25 Td (net ) Tj ET Q q 0 0 0 rg BT 247.20 137.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 279.12 137.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 301.62 137.25 Td (and ) Tj ET Q q 0 0 0 rg BT 318.56 137.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 331.06 137.25 Td (million ) Tj ET Q q 0 0 0 rg BT 362.45 137.25 Td (in ) Tj ET Q q 0 0 0 rg BT 372.73 137.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 416.90 137.25 Td (recognized; ) Tj ET Q q 0 0 0 rg BT 466.04 137.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 113.25 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 113.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 102.50 113.25 Td (million ) Tj ET Q q 0 0 0 rg BT 133.89 113.25 Td (related ) Tj ET Q q 0 0 0 rg BT 163.59 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 173.87 113.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 194.14 113.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 235.50 113.25 Td (by ) Tj ET Q q 0 0 0 rg BT 248.00 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.72 113.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 299.63 113.25 Td (in ) Tj ET Q q 0 0 0 rg BT 309.91 113.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 357.38 113.25 Td (from ) Tj ET Q q 0 0 0 rg BT 379.32 113.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 419.58 113.25 Td (activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 89.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 89.25 Td (These ) Tj ET Q q 0 0 0 rg BT 116.38 89.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 136.65 89.25 Td (inflows ) Tj ET Q q 0 0 0 rg BT 169.15 89.25 Td (were ) Tj ET Q q 0 0 0 rg BT 191.07 89.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 226.89 89.25 Td (of) Tj ET Q q 0 0 0 rg BT 235.04 89.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 251.98 89.25 Td (by:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 65.25 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 65.25 Td (58 ) Tj ET Q q 0 0 0 rg BT 107.79 65.25 Td (million ) Tj ET Q q 0 0 0 rg BT 139.46 65.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 172.79 65.25 Td (to ) Tj ET Q q 0 0 0 rg BT 183.35 65.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 203.91 65.25 Td (absorbed ) Tj ET Q q 0 0 0 rg BT 242.79 65.25 Td (by ) Tj ET Q q 0 0 0 rg BT 255.58 65.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.58 65.25 Td (net ) Tj ET Q q 0 0 0 rg BT 285.58 65.25 Td (change ) Tj ET Q q 0 0 0 rg BT 316.68 65.25 Td (in ) Tj ET Q q 0 0 0 rg BT 327.25 65.25 Td (other ) Tj ET Q q 0 0 0 rg BT 350.58 65.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 391.13 65.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 417.25 65.25 Td (and ) Tj ET Q q 0 0 0 rg BT 434.47 65.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 476.97 65.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 516.97 65.25 Td (attributable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 53.25 Td (to ) Tj ET Q q 0 0 0 rg BT 100.28 53.25 Td (an ) Tj ET Q q 0 0 0 rg BT 112.22 53.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 147.47 53.25 Td (in ) Tj ET Q q 0 0 0 rg BT 157.75 53.25 Td (other ) Tj ET Q q 0 0 0 rg BT 180.80 53.25 Td (current ) Tj ET Q q 0 0 0 rg BT 211.61 53.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 237.44 53.25 Td (and ) Tj ET Q q 0 0 0 rg BT 254.38 53.25 Td (a ) Tj ET Q q 0 0 0 rg BT 261.32 53.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 298.23 53.25 Td (in ) Tj ET Q q 0 0 0 rg BT 308.51 53.25 Td (other ) Tj ET Q q 0 0 0 rg BT 331.56 53.25 Td (liabilities;) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 30.20 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 730.10 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 730.10 Td (53 ) Tj ET Q q 0 0 0 rg BT 107.28 730.10 Td (million ) Tj ET Q q 0 0 0 rg BT 138.46 730.10 Td (related ) Tj ET Q q 0 0 0 rg BT 167.94 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.00 730.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 198.05 730.10 Td (absorbed ) Tj ET Q q 0 0 0 rg BT 236.43 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 258.15 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.65 730.10 Td (net ) Tj ET Q q 0 0 0 rg BT 287.15 730.10 Td (change ) Tj ET Q q 0 0 0 rg BT 317.74 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.80 730.10 Td (inventories, ) Tj ET Q q 0 0 0 rg BT 377.02 730.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 399.29 730.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 446.54 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.26 730.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 485.53 730.10 Td (payables, ) Tj ET Q q 0 0 0 rg BT 525.29 730.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 718.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 118.20 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 130.84 718.10 Td (an ) Tj ET Q q 0 0 0 rg BT 142.93 718.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 178.33 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 188.76 718.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 211.40 718.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 259.02 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.00 718.10 Td (34 ) Tj ET Q q 0 0 0 rg BT 287.64 718.10 Td (million ) Tj ET Q q 0 0 0 rg BT 319.18 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.27 718.10 Td (an ) Tj ET Q q 0 0 0 rg BT 348.36 718.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 383.76 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.19 718.10 Td (inventories ) Tj ET Q q 0 0 0 rg BT 441.27 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.25 718.10 Td (36 ) Tj ET Q q 0 0 0 rg BT 469.90 718.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 503.94 718.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 539.91 718.10 Td (of) Tj ET Q q 0 0 0 rg BT 548.06 718.10 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 102.50 706.10 Td (an ) Tj ET Q q 0 0 0 rg BT 114.44 706.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 149.69 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 159.97 706.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 182.46 706.10 Td (payables ) Tj ET Q q 0 0 0 rg BT 219.94 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.77 706.10 Td (17 ) Tj ET Q q 0 0 0 rg BT 248.27 706.10 Td (million;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 682.10 Td (\(iii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 682.10 Td (1) Tj ET Q q 0 0 0 rg BT 99.63 682.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 107.13 682.10 Td (million ) Tj ET Q q 0 0 0 rg BT 138.52 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.35 682.10 Td (net ) Tj ET Q q 0 0 0 rg BT 164.07 682.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 195.99 682.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 218.49 682.10 Td (paid; ) Tj ET Q q 0 0 0 rg BT 240.99 682.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 658.10 Td (\(iv\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 658.10 Td (8 ) Tj ET Q q 0 0 0 rg BT 102.50 658.10 Td (million ) Tj ET Q q 0 0 0 rg BT 133.89 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.72 658.10 Td (income ) Tj ET Q q 0 0 0 rg BT 176.66 658.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 199.70 658.10 Td (paid.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 624.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 624.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 128.97 624.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 168.68 624.10 Td (- ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 174.51 624.10 Td (Thr) Tj ET Q q 0 0 0 rg BT 188.59 624.10 Td (ee ) Tj ET Q q 0 0 0 rg BT 199.97 624.10 Td (Months ) Tj ET Q q 0 0 0 rg BT 232.47 624.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 260.52 624.10 Td (Mar) Tj ET Q q 0 0 0 rg BT 277.37 624.10 Td (ch ) Tj ET Q q 0 0 0 rg BT 289.31 624.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 304.31 624.10 Td (2018) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 602.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 108.72 602.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 129.65 602.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 155.03 602.10 Td (used ) Tj ET Q q 0 0 0 rg BT 176.53 602.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.47 602.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 227.30 602.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 266.56 602.10 Td (for ) Tj ET Q q 0 0 0 rg BT 281.39 602.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.77 602.10 Td (three ) Tj ET Q q 0 0 0 rg BT 319.92 602.10 Td (months ) Tj ET Q q 0 0 0 rg BT 352.53 602.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 379.57 602.10 Td (March ) Tj ET Q q 0 0 0 rg BT 408.83 602.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 424.50 602.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.50 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 447.66 602.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.25 602.10 Td (121 ) Tj ET Q q 0 0 0 rg BT 493.42 602.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.31 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 525.47 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 543.08 602.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 590.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 98.06 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.80 590.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 120.65 590.10 Td (62 ) Tj ET Q q 0 0 0 rg BT 138.06 590.10 Td (million ) Tj ET Q q 0 0 0 rg BT 169.36 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.10 590.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 219.17 590.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.36 590.10 Td (property) Tj ET Q q 0 0 0 rg BT 262.59 590.10 Td (, ) Tj ET Q q 0 0 0 rg BT 267.49 590.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 289.90 590.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.75 590.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 353.87 590.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 393.49 590.10 Td (related ) Tj ET Q q 0 0 0 rg BT 423.10 590.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.28 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.91 590.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 470.31 590.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.16 590.10 Td (machinery ) Tj ET Q q 0 0 0 rg BT 531.77 590.10 Td (for ) Tj ET Q q 0 0 0 rg BT 545.84 590.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 578.10 Td (models, ) Tj ET Q q 0 0 0 rg BT 88.87 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.79 578.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 122.49 578.10 Td (59 ) Tj ET Q q 0 0 0 rg BT 140.97 578.10 Td (million ) Tj ET Q q 0 0 0 rg BT 173.35 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.16 578.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 225.31 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.57 578.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 280.04 578.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 309.36 578.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 340.61 578.10 Td (related ) Tj ET Q q 0 0 0 rg BT 371.30 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.56 578.10 Td (externally ) Tj ET Q q 0 0 0 rg BT 426.02 578.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 463.93 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.85 578.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 523.65 578.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 566.10 Td (development ) Tj ET Q q 0 0 0 rg BT 109.23 566.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 135.32 566.10 Td (For ) Tj ET Q q 0 0 0 rg BT 152.79 566.10 Td (a ) Tj ET Q q 0 0 0 rg BT 160.81 566.10 Td (detailed ) Tj ET Q q 0 0 0 rg BT 196.05 566.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 231.85 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.76 566.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 284.01 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.37 566.10 Td (property) Tj ET Q q 0 0 0 rg BT 328.60 566.10 Td (, ) Tj ET Q q 0 0 0 rg BT 334.68 566.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 358.26 566.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.28 566.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 422.07 566.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.09 566.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 483.67 566.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 510.58 566.10 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 526.93 566.10 Td (Capital ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 554.10 Td (Expenditur) Tj ET Q q 0 0 0 rg BT 98.06 554.10 Td (es.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 530.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 530.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 128.97 530.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 168.68 530.10 Td (- ) Tj ET Q q 0 0 0 rg BT 174.51 530.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 177.01 530.10 Td (Thr) Tj ET Q q 0 0 0 rg BT 191.09 530.10 Td (ee ) Tj ET Q q 0 0 0 rg BT 202.47 530.10 Td (Months ) Tj ET Q q 0 0 0 rg BT 234.97 530.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 263.02 530.10 Td (Mar) Tj ET Q q 0 0 0 rg BT 279.87 530.10 Td (ch ) Tj ET Q q 0 0 0 rg BT 291.81 530.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 306.81 530.10 Td (2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 506.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 506.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 108.98 506.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 130.18 506.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 155.83 506.10 Td (used ) Tj ET Q q 0 0 0 rg BT 177.58 506.10 Td (in ) Tj ET Q q 0 0 0 rg BT 188.79 506.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 228.88 506.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 268.41 506.10 Td (for ) Tj ET Q q 0 0 0 rg BT 283.50 506.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.14 506.10 Td (three ) Tj ET Q q 0 0 0 rg BT 322.55 506.10 Td (months ) Tj ET Q q 0 0 0 rg BT 355.43 506.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 382.73 506.10 Td (March ) Tj ET Q q 0 0 0 rg BT 412.26 506.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 428.19 506.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 451.62 506.10 Td (were ) Tj ET Q q 0 0 0 rg BT 474.47 506.10 Td (64 ) Tj ET Q q 0 0 0 rg BT 492.90 506.10 Td (million ) Tj ET Q q 0 0 0 rg BT 525.22 506.10 Td (and ) Tj ET Q q 0 0 0 rg BT 543.09 506.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 494.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 98.06 494.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.80 494.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 120.65 494.10 Td (41 ) Tj ET Q q 0 0 0 rg BT 138.06 494.10 Td (million ) Tj ET Q q 0 0 0 rg BT 169.36 494.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.10 494.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 219.17 494.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.36 494.10 Td (property) Tj ET Q q 0 0 0 rg BT 262.59 494.10 Td (, ) Tj ET Q q 0 0 0 rg BT 267.49 494.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 289.90 494.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.75 494.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 353.87 494.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 393.49 494.10 Td (related ) Tj ET Q q 0 0 0 rg BT 423.10 494.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.28 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.91 494.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 470.31 494.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.16 494.10 Td (machinery ) Tj ET Q q 0 0 0 rg BT 531.77 494.10 Td (for ) Tj ET Q q 0 0 0 rg BT 545.84 494.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 482.10 Td (models, ) Tj ET Q q 0 0 0 rg BT 88.87 482.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.79 482.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 122.49 482.10 Td (32 ) Tj ET Q q 0 0 0 rg BT 140.97 482.10 Td (million ) Tj ET Q q 0 0 0 rg BT 173.35 482.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.16 482.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 225.31 482.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.57 482.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 280.04 482.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 309.36 482.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 340.61 482.10 Td (related ) Tj ET Q q 0 0 0 rg BT 371.30 482.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.56 482.10 Td (externally ) Tj ET Q q 0 0 0 rg BT 426.02 482.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 463.93 482.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.85 482.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 523.65 482.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 470.10 Td (development ) Tj ET Q q 0 0 0 rg BT 108.15 470.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 133.15 470.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 168.97 470.10 Td (of) Tj ET Q q 0 0 0 rg BT 177.12 470.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 194.05 470.10 Td (by ) Tj ET Q q 0 0 0 rg BT 206.55 470.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 224.05 470.10 Td (8 ) Tj ET Q q 0 0 0 rg BT 236.55 470.10 Td (million ) Tj ET Q q 0 0 0 rg BT 267.94 470.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.77 470.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 316.80 470.10 Td (from ) Tj ET Q q 0 0 0 rg BT 338.74 470.10 Td (exercising ) Tj ET Q q 0 0 0 rg BT 382.33 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.05 470.10 Td (Delta ) Tj ET Q q 0 0 0 rg BT 421.02 470.10 Td (T) Tj ET Q q 0 0 0 rg BT 426.43 470.10 Td (opco ) Tj ET Q q 0 0 0 rg BT 448.37 470.10 Td (option ) Tj ET Q q 0 0 0 rg BT 476.43 470.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.36 470.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 510.30 470.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 522.80 470.10 Td (million ) Tj ET Q q 0 0 0 rg BT 554.19 470.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 458.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 92.33 458.10 Td (from ) Tj ET Q q 0 0 0 rg BT 114.55 458.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 150.12 458.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.24 458.10 Td (property) Tj ET Q q 0 0 0 rg BT 194.47 458.10 Td (, ) Tj ET Q q 0 0 0 rg BT 199.76 458.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 222.54 458.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.77 458.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 287.27 458.10 Td (For ) Tj ET Q q 0 0 0 rg BT 303.95 458.10 Td (a ) Tj ET Q q 0 0 0 rg BT 311.18 458.10 Td (detailed ) Tj ET Q q 0 0 0 rg BT 345.62 458.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 380.63 458.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.75 458.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 431.20 458.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.77 458.10 Td (property) Tj ET Q q 0 0 0 rg BT 475.00 458.10 Td (, ) Tj ET Q q 0 0 0 rg BT 480.29 458.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 503.07 458.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.30 458.10 Td (equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 446.10 Td (and ) Tj ET Q q 0 0 0 rg BT 70.94 446.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 113.43 446.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 139.26 446.10 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 154.53 446.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 192.59 446.10 Td (Expenditur) Tj ET Q q 0 0 0 rg BT 236.66 446.10 Td (es.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 422.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 422.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 133.42 422.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 173.13 422.10 Td (- ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 178.96 422.10 Td (Thr) Tj ET Q q 0 0 0 rg BT 193.04 422.10 Td (ee ) Tj ET Q q 0 0 0 rg BT 204.42 422.10 Td (Months ) Tj ET Q q 0 0 0 rg BT 236.92 422.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 264.97 422.10 Td (Mar) Tj ET Q q 0 0 0 rg BT 281.82 422.10 Td (ch ) Tj ET Q q 0 0 0 rg BT 293.75 422.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 308.75 422.10 Td (2018) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 398.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 398.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 107.42 398.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 127.05 398.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 151.13 398.10 Td (from ) Tj ET Q q 0 0 0 rg BT 172.44 398.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 212.07 398.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 250.03 398.10 Td (for ) Tj ET Q q 0 0 0 rg BT 263.55 398.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.63 398.10 Td (three ) Tj ET Q q 0 0 0 rg BT 299.48 398.10 Td (months ) Tj ET Q q 0 0 0 rg BT 330.80 398.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 356.54 398.10 Td (March ) Tj ET Q q 0 0 0 rg BT 384.50 398.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 398.86 398.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.86 398.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.73 398.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.02 398.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 453.89 398.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.78 398.10 Td (, ) Tj ET Q q 0 0 0 rg BT 487.14 398.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 526.22 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.30 398.10 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 386.10 Td (of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 362.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 83.94 362.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 362.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 107.50 362.10 Td (million ) Tj ET Q q 0 0 0 rg BT 138.89 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.72 362.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 187.76 362.10 Td (net ) Tj ET Q q 0 0 0 rg BT 202.48 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.31 362.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 261.90 362.10 Td (related ) Tj ET Q q 0 0 0 rg BT 291.60 362.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.88 362.10 Td (our ) Tj ET Q q 0 0 0 rg BT 317.71 362.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 358.54 362.10 Td (securitization ) Tj ET Q q 0 0 0 rg BT 414.90 362.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 455.17 362.10 Td (in ) Tj ET Q q 0 0 0 rg BT 465.45 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.17 362.10 Td (U.S.; ) Tj ET Q q 0 0 0 rg BT 503.23 362.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 338.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 86.72 338.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 338.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 102.50 338.10 Td (million ) Tj ET Q q 0 0 0 rg BT 133.89 338.10 Td (related ) Tj ET Q q 0 0 0 rg BT 163.59 338.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.87 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.59 338.10 Td (net ) Tj ET Q q 0 0 0 rg BT 203.31 338.10 Td (change ) Tj ET Q q 0 0 0 rg BT 234.12 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.40 338.10 Td (other ) Tj ET Q q 0 0 0 rg BT 267.45 338.10 Td (debt; ) Tj ET Q q 0 0 0 rg BT 289.94 338.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 325.76 338.10 Td (of) Tj ET Q q 0 0 0 rg BT 333.91 338.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 350.85 338.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 314.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 89.50 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 314.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 107.50 314.10 Td (million ) Tj ET Q q 0 0 0 rg BT 138.89 314.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 158.61 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 168.89 314.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 214.69 314.10 Td (common ) Tj ET Q q 0 0 0 rg BT 252.19 314.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 279.68 314.10 Td (under ) Tj ET Q q 0 0 0 rg BT 304.95 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.66 314.10 Td (Company) Tj ET Q q 0 0 0 rg BT 361.33 314.10 Td (s ) Tj ET Q q 0 0 0 rg BT 367.72 314.10 Td (share ) Tj ET Q q 0 0 0 rg BT 391.32 314.10 Td (buyback ) Tj ET Q q 0 0 0 rg BT 427.70 314.10 Td (program.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 290.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 290.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 133.42 290.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 173.13 290.10 Td (- ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 178.96 290.10 Td (Thr) Tj ET Q q 0 0 0 rg BT 193.04 290.10 Td (ee ) Tj ET Q q 0 0 0 rg BT 204.42 290.10 Td (Months ) Tj ET Q q 0 0 0 rg BT 236.92 290.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 264.97 290.10 Td (Mar) Tj ET Q q 0 0 0 rg BT 281.82 290.10 Td (ch ) Tj ET Q q 0 0 0 rg BT 293.75 290.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 308.75 290.10 Td (2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 266.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 266.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 108.48 266.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 129.17 266.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 154.31 266.10 Td (from ) Tj ET Q q 0 0 0 rg BT 176.68 266.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 217.36 266.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 256.39 266.10 Td (for ) Tj ET Q q 0 0 0 rg BT 270.97 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.11 266.10 Td (three ) Tj ET Q q 0 0 0 rg BT 309.02 266.10 Td (months ) Tj ET Q q 0 0 0 rg BT 341.39 266.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 368.19 266.10 Td (March ) Tj ET Q q 0 0 0 rg BT 397.21 266.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 412.64 266.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 435.56 266.10 Td (were ) Tj ET Q q 0 0 0 rg BT 457.92 266.10 Td (35 ) Tj ET Q q 0 0 0 rg BT 475.84 266.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 510.15 266.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 550.29 266.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 254.10 Td (result ) Tj ET Q q 0 0 0 rg BT 78.72 254.10 Td (of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 230.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 83.94 230.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 230.10 Td (28 ) Tj ET Q q 0 0 0 rg BT 107.50 230.10 Td (million ) Tj ET Q q 0 0 0 rg BT 138.89 230.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.72 230.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 187.76 230.10 Td (net ) Tj ET Q q 0 0 0 rg BT 202.48 230.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.31 230.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 261.90 230.10 Td (related ) Tj ET Q q 0 0 0 rg BT 291.60 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.88 230.10 Td (our ) Tj ET Q q 0 0 0 rg BT 317.71 230.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 358.54 230.10 Td (securitization ) Tj ET Q q 0 0 0 rg BT 414.90 230.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 455.17 230.10 Td (in ) Tj ET Q q 0 0 0 rg BT 465.45 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.17 230.10 Td (U.S.; ) Tj ET Q q 0 0 0 rg BT 503.23 230.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 206.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 86.72 206.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 206.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 102.50 206.10 Td (million ) Tj ET Q q 0 0 0 rg BT 133.89 206.10 Td (related ) Tj ET Q q 0 0 0 rg BT 163.59 206.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.87 206.10 Td (net ) Tj ET Q q 0 0 0 rg BT 188.59 206.10 Td (change ) Tj ET Q q 0 0 0 rg BT 219.40 206.10 Td (in ) Tj ET Q q 0 0 0 rg BT 229.68 206.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 277.73 206.10 Td (from ) Tj ET Q q 0 0 0 rg BT 299.67 206.10 Td (banks; ) Tj ET Q q 0 0 0 rg BT 328.28 206.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 364.10 206.10 Td (of) Tj ET Q q 0 0 0 rg BT 372.25 206.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 389.19 206.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 182.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 89.50 182.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 182.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 102.50 182.10 Td (million ) Tj ET Q q 0 0 0 rg BT 133.89 182.10 Td (related ) Tj ET Q q 0 0 0 rg BT 163.59 182.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.87 182.10 Td (net ) Tj ET Q q 0 0 0 rg BT 188.59 182.10 Td (change ) Tj ET Q q 0 0 0 rg BT 219.40 182.10 Td (in ) Tj ET Q q 0 0 0 rg BT 229.68 182.10 Td (other ) Tj ET Q q 0 0 0 rg BT 252.73 182.10 Td (debt.) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 30.20 Td (19) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 730.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 86.50 730.10 Td (Expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 706.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 120.82 706.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 173.86 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 188.01 706.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 219.93 706.10 Td (as ) Tj ET Q q 0 0 0 rg BT 230.20 706.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 249.91 706.10 Td (outflows ) Tj ET Q q 0 0 0 rg BT 286.85 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 303.79 706.10 Td (result ) Tj ET Q q 0 0 0 rg BT 327.95 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.67 706.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 376.27 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.99 706.10 Td (property) Tj ET Q q 0 0 0 rg BT 419.22 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 423.66 706.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 445.60 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.98 706.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 506.13 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.51 706.10 Td (intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 694.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 82.18 694.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 113.41 694.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 166.85 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 180.86 694.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.42 694.10 Td (three ) Tj ET Q q 0 0 0 rg BT 217.75 694.10 Td (months ) Tj ET Q q 0 0 0 rg BT 249.55 694.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 275.77 694.10 Td (March ) Tj ET Q q 0 0 0 rg BT 304.22 694.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 319.07 694.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.07 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.42 694.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.19 694.10 Td (121 ) Tj ET Q q 0 0 0 rg BT 385.54 694.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.43 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 416.78 694.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.57 694.10 Td (73 ) Tj ET Q q 0 0 0 rg BT 450.91 694.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.80 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.15 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 496.16 694.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.72 694.10 Td (three ) Tj ET Q q 0 0 0 rg BT 533.06 694.10 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 682.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 80.38 682.10 Td (March ) Tj ET Q q 0 0 0 rg BT 108.98 682.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 123.98 682.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.98 682.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 658.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.38 658.10 Td (following ) Tj ET Q q 0 0 0 rg BT 148.11 658.10 Td (table ) Tj ET Q q 0 0 0 rg BT 169.38 658.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 186.22 658.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 207.49 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 213.77 658.10 Td (breakdown ) Tj ET Q q 0 0 0 rg BT 260.03 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.20 658.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 298.69 658.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 351.62 658.10 Td (by ) Tj ET Q q 0 0 0 rg BT 363.46 658.10 Td (category ) Tj ET Q q 0 0 0 rg BT 399.72 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 413.22 658.10 Td (each ) Tj ET Q q 0 0 0 rg BT 433.37 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.54 658.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.59 658.10 Td (three ) Tj ET Q q 0 0 0 rg BT 479.41 658.10 Td (months ) Tj ET Q q 0 0 0 rg BT 510.70 658.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 536.41 658.10 Td (March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 646.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 69.00 646.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 646.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.44 646.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.44 646.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.75 592.60 304.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 592.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 592.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 592.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.75 562.60 304.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 562.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 562.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 562.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.75 532.60 304.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 532.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 532.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 532.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.75 502.60 304.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 502.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 502.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 502.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.75 472.60 304.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 472.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 472.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 472.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.75 442.60 304.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 442.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 442.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 442.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 621.6 m 457.75 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.75 621.6 m 461.75 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 621.6 m 561.75 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 621.6 m 457.75 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 607.6 m 457.75 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 621.6 m 561.75 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 607.6 m 561.75 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 607.6 m 457.75 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 607.6 m 561.75 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 547.6 m 457.75 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 532.6 m 457.75 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 547.6 m 561.75 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 532.6 m 561.75 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 457.6 m 457.75 457.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 442.6 m 457.75 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 457.6 m 561.75 457.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 442.6 m 561.75 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 428.6 m 457.75 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 426.6 m 457.75 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 442.6 m 561.75 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 428.6 m 561.75 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 426.6 m 561.75 426.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.35 626.05 Td (For) Tj ET Q q 0 0 0 rg BT 401.18 626.05 Td ( the thr) Tj ET Q q 0 0 0 rg BT 429.51 626.05 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 512.59 626.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.25 612.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.25 612.05 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.85 597.06 Td (\( million\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.25 582.05 Td (Intangible assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 567.06 Td (Externally acquired and internally generated development costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 567.06 Td (57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.25 567.06 Td (30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 552.06 Td (Patents, concessions and licenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.75 552.06 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.75 552.06 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.25 537.05 Td (T) Tj ET Q q 0 0 0 rg BT 61.43 537.05 Td (otal intangible assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.25 537.05 Td (59) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.25 537.05 Td (32) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.25 522.05 Td (Pr) Tj ET Q q 0 0 0 rg BT 65.58 522.05 Td (operty) Tj ET Q q 0 0 0 rg BT 90.07 522.05 Td (, plant and equipment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 507.06 Td (Industrial buildings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.75 507.06 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.75 507.06 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 492.06 Td (Plant, machinery and equipment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 492.06 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.25 492.06 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 477.06 Td (Other assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 477.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.75 477.06 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 462.06 Td (Advances and assets under construction) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 462.06 Td (47) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.25 462.06 Td (26) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.25 447.05 Td (T) Tj ET Q q 0 0 0 rg BT 61.43 447.05 Td (otal pr) Tj ET Q q 0 0 0 rg BT 87.01 447.05 Td (operty) Tj ET Q q 0 0 0 rg BT 111.51 447.05 Td (, plant and equipment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.25 447.05 Td (62) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.25 447.05 Td (41) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.25 432.05 Td (T) Tj ET Q q 0 0 0 rg BT 61.43 432.05 Td (otal capital expenditur) Tj ET Q q 0 0 0 rg BT 148.26 432.05 Td (es) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.75 432.05 Td (121) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.25 432.05 Td (73) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 404.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 97.60 404.10 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 404.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 380.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 380.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 108.37 380.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 137.83 380.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 191.74 380.10 Td (in ) Tj ET Q q 0 0 0 rg BT 202.33 380.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 245.14 380.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 271.28 380.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.53 380.10 Td (59 ) Tj ET Q q 0 0 0 rg BT 311.34 380.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.23 380.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.05 380.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.30 380.10 Td (32 ) Tj ET Q q 0 0 0 rg BT 378.12 380.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.01 380.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.82 380.10 Td (for ) Tj ET Q q 0 0 0 rg BT 424.30 380.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.33 380.10 Td (three ) Tj ET Q q 0 0 0 rg BT 462.13 380.10 Td (months ) Tj ET Q q 0 0 0 rg BT 494.39 380.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 521.09 380.10 Td (March ) Tj ET Q q 0 0 0 rg BT 550.00 380.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 368.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 368.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.15 368.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.74 368.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.74 368.10 Td (, ) Tj ET Q q 0 0 0 rg BT 120.39 368.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 168.06 368.10 Td (, ) Tj ET Q q 0 0 0 rg BT 173.71 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.08 368.10 Td (most ) Tj ET Q q 0 0 0 rg BT 211.68 368.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 257.04 368.10 Td (component ) Tj ET Q q 0 0 0 rg BT 304.63 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.11 368.10 Td (which ) Tj ET Q q 0 0 0 rg BT 343.70 368.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 372.94 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.87 368.10 Td (externally ) Tj ET Q q 0 0 0 rg BT 427.01 368.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 464.58 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.17 368.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 523.64 368.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 356.10 Td (development ) Tj ET Q q 0 0 0 rg BT 108.40 356.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 131.15 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.34 356.10 Td (information ) Tj ET Q q 0 0 0 rg BT 198.31 356.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 251.60 356.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 276.85 356.10 Td (In ) Tj ET Q q 0 0 0 rg BT 287.93 356.10 Td (particular) Tj ET Q q 0 0 0 rg BT 325.84 356.10 Td (, ) Tj ET Q q 0 0 0 rg BT 331.09 356.10 Td (we ) Tj ET Q q 0 0 0 rg BT 345.51 356.10 Td (make ) Tj ET Q q 0 0 0 rg BT 369.91 356.10 Td (such ) Tj ET Q q 0 0 0 rg BT 390.99 356.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 441.52 356.10 Td (to ) Tj ET Q q 0 0 0 rg BT 452.05 356.10 Td (support ) Tj ET Q q 0 0 0 rg BT 484.80 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.77 356.10 Td (development ) Tj ET Q q 0 0 0 rg BT 554.17 356.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 344.10 Td (our ) Tj ET Q q 0 0 0 rg BT 68.60 344.10 Td (current ) Tj ET Q q 0 0 0 rg BT 98.19 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.90 344.10 Td (future ) Tj ET Q q 0 0 0 rg BT 139.05 344.10 Td (product ) Tj ET Q q 0 0 0 rg BT 170.87 344.10 Td (of) Tj ET Q q 0 0 0 rg BT 179.02 344.10 Td (fering. ) Tj ET Q q 0 0 0 rg BT 206.57 344.10 Td (The ) Tj ET Q q 0 0 0 rg BT 223.39 344.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 267.97 344.10 Td (development ) Tj ET Q q 0 0 0 rg BT 320.89 344.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 342.17 344.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 380.65 344.10 Td (include ) Tj ET Q q 0 0 0 rg BT 411.35 344.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 449.28 344.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 470.55 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.26 344.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 526.41 344.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 332.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 86.45 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.13 332.10 Td (engineering, ) Tj ET Q q 0 0 0 rg BT 147.74 332.10 Td (design ) Tj ET Q q 0 0 0 rg BT 175.75 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.09 332.10 Td (development ) Tj ET Q q 0 0 0 rg BT 245.65 332.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 278.65 332.10 Td (on ) Tj ET Q q 0 0 0 rg BT 290.55 332.10 Td (content ) Tj ET Q q 0 0 0 rg BT 321.89 332.10 Td (enhancement ) Tj ET Q q 0 0 0 rg BT 376.54 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.78 332.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 420.35 332.10 Td (cars ) Tj ET Q q 0 0 0 rg BT 438.35 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.69 332.10 Td (new ) Tj ET Q q 0 0 0 rg BT 473.26 332.10 Td (models. ) Tj ET Q q 0 0 0 rg BT 506.41 332.10 Td (W) Tj ET Q q 0 0 0 rg BT 515.05 332.10 Td (e ) Tj ET Q q 0 0 0 rg BT 521.39 332.10 Td (constantly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 320.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 82.36 320.10 Td (in ) Tj ET Q q 0 0 0 rg BT 94.62 320.10 Td (product ) Tj ET Q q 0 0 0 rg BT 129.64 320.10 Td (development ) Tj ET Q q 0 0 0 rg BT 185.76 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.02 320.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 228.59 320.10 Td (we ) Tj ET Q q 0 0 0 rg BT 244.73 320.10 Td (can ) Tj ET Q q 0 0 0 rg BT 263.08 320.10 Td (quickly ) Tj ET Q q 0 0 0 rg BT 297.55 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.47 320.10 Td (ef) Tj ET Q q 0 0 0 rg BT 324.05 320.10 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 361.85 320.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 397.99 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.24 320.10 Td (market ) Tj ET Q q 0 0 0 rg BT 442.48 320.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 478.61 320.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 508.63 320.10 Td (technological ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 308.10 Td (breakthroughs ) Tj ET Q q 0 0 0 rg BT 113.71 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.65 308.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.92 308.10 Td (order ) Tj ET Q q 0 0 0 rg BT 164.52 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.80 308.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 212.29 308.10 Td (our ) Tj ET Q q 0 0 0 rg BT 228.12 308.10 Td (position ) Tj ET Q q 0 0 0 rg BT 262.85 308.10 Td (at ) Tj ET Q q 0 0 0 rg BT 272.56 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.28 308.10 Td (top ) Tj ET Q q 0 0 0 rg BT 302.56 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.39 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.11 308.10 Td (luxury ) Tj ET Q q 0 0 0 rg BT 356.71 308.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 409.74 308.10 Td (sports ) Tj ET Q q 0 0 0 rg BT 436.13 308.10 Td (cars ) Tj ET Q q 0 0 0 rg BT 454.73 308.10 Td (market.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 296.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 284.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 284.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.13 284.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 141.47 284.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.84 284.10 Td (externally ) Tj ET Q q 0 0 0 rg BT 192.41 284.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 228.42 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.44 284.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 284.35 284.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 324.80 284.10 Td (development ) Tj ET Q q 0 0 0 rg BT 378.04 284.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 399.62 284.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 430.63 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.44 284.10 Td (gradual ) Tj ET Q q 0 0 0 rg BT 476.01 284.10 Td (introduction ) Tj ET Q q 0 0 0 rg BT 526.48 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 536.40 284.10 Td (hybrid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 272.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 101.96 272.10 Td (in ) Tj ET Q q 0 0 0 rg BT 113.27 272.10 Td (both ) Tj ET Q q 0 0 0 rg BT 134.57 272.10 Td (our ) Tj ET Q q 0 0 0 rg BT 151.43 272.10 Td (sports ) Tj ET Q q 0 0 0 rg BT 178.85 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.81 272.10 Td (GT) Tj ET Q q 0 0 0 rg BT 209.96 272.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.49 272.10 Td (cars. ) Tj ET Q q 0 0 0 rg BT 235.36 272.10 Td (W) Tj ET Q q 0 0 0 rg BT 244.00 272.10 Td (e ) Tj ET Q q 0 0 0 rg BT 251.96 272.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 284.36 272.10 Td (hybrid ) Tj ET Q q 0 0 0 rg BT 314.00 272.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 361.96 272.10 Td (will ) Tj ET Q q 0 0 0 rg BT 381.04 272.10 Td (be ) Tj ET Q q 0 0 0 rg BT 394.00 272.10 Td (key ) Tj ET Q q 0 0 0 rg BT 411.97 272.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.28 272.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 465.69 272.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 511.99 272.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 260.10 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 92.73 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.13 260.10 Td (our ) Tj ET Q q 0 0 0 rg BT 119.09 260.10 Td (sports ) Tj ET Q q 0 0 0 rg BT 145.61 260.10 Td (car ) Tj ET Q q 0 0 0 rg BT 160.44 260.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 206.11 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.18 260.10 Td (will ) Tj ET Q q 0 0 0 rg BT 241.36 260.10 Td (also ) Tj ET Q q 0 0 0 rg BT 260.10 260.10 Td (help ) Tj ET Q q 0 0 0 rg BT 279.94 260.10 Td (us ) Tj ET Q q 0 0 0 rg BT 291.46 260.10 Td (capture ) Tj ET Q q 0 0 0 rg BT 323.51 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.36 260.10 Td (preferences ) Tj ET Q q 0 0 0 rg BT 387.06 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.01 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.86 260.10 Td (urban, ) Tj ET Q q 0 0 0 rg BT 440.75 260.10 Td (af) Tj ET Q q 0 0 0 rg BT 448.34 260.10 Td (fluent ) Tj ET Q q 0 0 0 rg BT 474.29 260.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 519.68 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.64 260.10 Td (GT) Tj ET Q q 0 0 0 rg BT 543.79 260.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.41 260.10 Td (cars ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 248.10 Td (whom ) Tj ET Q q 0 0 0 rg BT 81.50 248.10 Td (we ) Tj ET Q q 0 0 0 rg BT 95.66 248.10 Td (are ) Tj ET Q q 0 0 0 rg BT 110.37 248.10 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 161.74 248.10 Td (tar) Tj ET Q q 0 0 0 rg BT 172.11 248.10 Td (geting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 224.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 224.10 Td (For ) Tj ET Q q 0 0 0 rg BT 106.94 224.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.20 224.10 Td (three ) Tj ET Q q 0 0 0 rg BT 145.23 224.10 Td (months ) Tj ET Q q 0 0 0 rg BT 177.73 224.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 204.65 224.10 Td (March ) Tj ET Q q 0 0 0 rg BT 233.80 224.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 249.35 224.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.35 224.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.39 224.10 Td (we ) Tj ET Q q 0 0 0 rg BT 287.10 224.10 Td (invested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.47 224.10 Td (57 ) Tj ET Q q 0 0 0 rg BT 341.52 224.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.41 224.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.46 224.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.28 224.10 Td (externally ) Tj ET Q q 0 0 0 rg BT 427.31 224.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 464.78 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.27 224.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 523.63 224.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 212.10 Td (development ) Tj ET Q q 0 0 0 rg BT 107.75 212.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 132.35 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.78 212.10 Td (which ) Tj ET Q q 0 0 0 rg BT 169.31 212.10 Td (41 ) Tj ET Q q 0 0 0 rg BT 186.41 212.10 Td (million ) Tj ET Q q 0 0 0 rg BT 217.40 212.10 Td (related ) Tj ET Q q 0 0 0 rg BT 246.70 212.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.58 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.90 212.10 Td (development ) Tj ET Q q 0 0 0 rg BT 324.64 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.07 212.10 Td (models ) Tj ET Q q 0 0 0 rg BT 366.06 212.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.94 212.10 Td (be ) Tj ET Q q 0 0 0 rg BT 387.47 212.10 Td (launched ) Tj ET Q q 0 0 0 rg BT 425.67 212.10 Td (in ) Tj ET Q q 0 0 0 rg BT 435.54 212.10 Td (future ) Tj ET Q q 0 0 0 rg BT 461.52 212.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 487.21 212.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 504.31 212.10 Td (million ) Tj ET Q q 0 0 0 rg BT 535.30 212.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 200.10 Td (to ) Tj ET Q q 0 0 0 rg BT 64.28 200.10 Td (components ) Tj ET Q q 0 0 0 rg BT 115.10 200.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.04 200.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 144.54 200.10 Td (million ) Tj ET Q q 0 0 0 rg BT 175.93 200.10 Td (related ) Tj ET Q q 0 0 0 rg BT 205.64 200.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.91 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.63 200.10 Td (development ) Tj ET Q q 0 0 0 rg BT 284.78 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.61 200.10 Td (models ) Tj ET Q q 0 0 0 rg BT 327.00 200.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.28 200.10 Td (our ) Tj ET Q q 0 0 0 rg BT 353.11 200.10 Td (current ) Tj ET Q q 0 0 0 rg BT 383.92 200.10 Td (product ) Tj ET Q q 0 0 0 rg BT 416.97 200.10 Td (portfolio.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 176.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 176.10 Td (For ) Tj ET Q q 0 0 0 rg BT 106.94 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.20 176.10 Td (three ) Tj ET Q q 0 0 0 rg BT 145.23 176.10 Td (months ) Tj ET Q q 0 0 0 rg BT 177.73 176.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 204.65 176.10 Td (March ) Tj ET Q q 0 0 0 rg BT 233.80 176.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 249.35 176.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 272.39 176.10 Td (we ) Tj ET Q q 0 0 0 rg BT 287.10 176.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 323.47 176.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 341.52 176.10 Td (million ) Tj ET Q q 0 0 0 rg BT 373.46 176.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.28 176.10 Td (externally ) Tj ET Q q 0 0 0 rg BT 427.31 176.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 464.78 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.27 176.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 523.63 176.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 164.10 Td (development ) Tj ET Q q 0 0 0 rg BT 108.00 164.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 132.85 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.53 164.10 Td (which ) Tj ET Q q 0 0 0 rg BT 170.31 164.10 Td (22 ) Tj ET Q q 0 0 0 rg BT 187.66 164.10 Td (million ) Tj ET Q q 0 0 0 rg BT 218.90 164.10 Td (related ) Tj ET Q q 0 0 0 rg BT 248.45 164.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.58 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.15 164.10 Td (development ) Tj ET Q q 0 0 0 rg BT 327.14 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.82 164.10 Td (models ) Tj ET Q q 0 0 0 rg BT 369.06 164.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.19 164.10 Td (be ) Tj ET Q q 0 0 0 rg BT 390.97 164.10 Td (launched ) Tj ET Q q 0 0 0 rg BT 429.42 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.54 164.10 Td (future ) Tj ET Q q 0 0 0 rg BT 465.77 164.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 491.71 164.10 Td (5 ) Tj ET Q q 0 0 0 rg BT 504.06 164.10 Td (million ) Tj ET Q q 0 0 0 rg BT 535.30 164.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 152.10 Td (to ) Tj ET Q q 0 0 0 rg BT 64.28 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.00 152.10 Td (development ) Tj ET Q q 0 0 0 rg BT 133.15 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.98 152.10 Td (models ) Tj ET Q q 0 0 0 rg BT 175.36 152.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.64 152.10 Td (our ) Tj ET Q q 0 0 0 rg BT 201.47 152.10 Td (current ) Tj ET Q q 0 0 0 rg BT 232.29 152.10 Td (product ) Tj ET Q q 0 0 0 rg BT 265.33 152.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 302.83 152.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.77 152.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 332.27 152.10 Td (million ) Tj ET Q q 0 0 0 rg BT 363.66 152.10 Td (related ) Tj ET Q q 0 0 0 rg BT 393.36 152.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.64 152.10 Td (components.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 128.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 63.63 128.10 Td (operty) Tj ET Q q 0 0 0 rg BT 88.62 128.10 Td (, ) Tj ET Q q 0 0 0 rg BT 93.62 128.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 116.68 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.18 128.10 Td (equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 104.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 104.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 107.79 104.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 136.67 104.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 190.00 104.10 Td (in ) Tj ET Q q 0 0 0 rg BT 200.01 104.10 Td (property) Tj ET Q q 0 0 0 rg BT 233.24 104.10 Td (, ) Tj ET Q q 0 0 0 rg BT 237.97 104.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 260.20 104.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.87 104.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 321.32 104.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.98 104.10 Td (62 ) Tj ET Q q 0 0 0 rg BT 360.21 104.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.11 104.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.34 104.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.01 104.10 Td (41 ) Tj ET Q q 0 0 0 rg BT 425.25 104.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.14 104.10 Td ( ) Tj ET Q q 0 0 0 rg BT 456.37 104.10 Td (for ) Tj ET Q q 0 0 0 rg BT 470.27 104.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.72 104.10 Td (three ) Tj ET Q q 0 0 0 rg BT 506.94 104.10 Td (months ) Tj ET Q q 0 0 0 rg BT 538.62 104.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 92.10 Td (March ) Tj ET Q q 0 0 0 rg BT 82.60 92.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 97.60 92.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.60 92.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.10 92.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.04 92.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.04 92.10 Td (, ) Tj ET Q q 0 0 0 rg BT 162.04 92.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 209.70 92.10 Td (.) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 30.20 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 742.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 109.47 742.10 Td (most ) Tj ET Q q 0 0 0 rg BT 132.83 742.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 178.96 742.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 230.65 742.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 271.76 742.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 297.88 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.57 742.10 Td (plant, ) Tj ET Q q 0 0 0 rg BT 335.98 742.10 Td (machinery ) Tj ET Q q 0 0 0 rg BT 382.10 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.45 742.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 449.08 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.43 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.13 742.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 521.35 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.05 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 550.29 742.10 Td (car ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 730.10 Td (production ) Tj ET Q q 0 0 0 rg BT 99.60 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.30 730.10 Td (engine ) Tj ET Q q 0 0 0 rg BT 145.23 730.10 Td (assembly ) Tj ET Q q 0 0 0 rg BT 184.72 730.10 Td (lines. ) Tj ET Q q 0 0 0 rg BT 208.38 730.10 Td (Investments ) Tj ET Q q 0 0 0 rg BT 258.97 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.02 730.10 Td (plant, ) Tj ET Q q 0 0 0 rg BT 293.79 730.10 Td (machinery ) Tj ET Q q 0 0 0 rg BT 338.26 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.97 730.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 399.45 730.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 441.15 730.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.20 730.10 Td (14 ) Tj ET Q q 0 0 0 rg BT 468.47 730.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.36 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.63 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.34 730.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 533.61 730.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 68.16 718.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.88 718.10 Td (three ) Tj ET Q q 0 0 0 rg BT 105.36 718.10 Td (months ) Tj ET Q q 0 0 0 rg BT 137.31 718.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 163.69 718.10 Td (March ) Tj ET Q q 0 0 0 rg BT 192.29 718.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 207.29 718.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.29 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 229.79 718.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.72 718.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.72 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 271.72 718.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 319.39 718.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 696.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 696.10 Td (For ) Tj ET Q q 0 0 0 rg BT 105.30 696.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.93 696.10 Td (three ) Tj ET Q q 0 0 0 rg BT 140.33 696.10 Td (months ) Tj ET Q q 0 0 0 rg BT 171.19 696.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 196.47 696.10 Td (March ) Tj ET Q q 0 0 0 rg BT 223.98 696.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 237.90 696.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.90 696.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.31 696.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 308.49 696.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.68 696.10 Td (plant, ) Tj ET Q q 0 0 0 rg BT 341.59 696.10 Td (machinery ) Tj ET Q q 0 0 0 rg BT 385.20 696.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.05 696.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 444.67 696.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.41 696.10 Td (14 ) Tj ET Q q 0 0 0 rg BT 470.83 696.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.72 696.10 Td ( ) Tj ET Q q 0 0 0 rg BT 501.13 696.10 Td (were ) Tj ET Q q 0 0 0 rg BT 521.97 696.10 Td (composed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 684.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.69 684.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 77.04 684.10 Td (million ) Tj ET Q q 0 0 0 rg BT 108.29 684.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 153.97 684.10 Td (related ) Tj ET Q q 0 0 0 rg BT 183.52 684.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.66 684.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 233.79 684.10 Td (tools ) Tj ET Q q 0 0 0 rg BT 255.59 684.10 Td (needed ) Tj ET Q q 0 0 0 rg BT 286.26 684.10 Td (for ) Tj ET Q q 0 0 0 rg BT 300.28 684.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.85 684.10 Td (production ) Tj ET Q q 0 0 0 rg BT 360.53 684.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.22 684.10 Td (cars, ) Tj ET Q q 0 0 0 rg BT 392.17 684.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 404.53 684.10 Td (million ) Tj ET Q q 0 0 0 rg BT 435.78 684.10 Td (related ) Tj ET Q q 0 0 0 rg BT 465.34 684.10 Td (to ) Tj ET Q q 0 0 0 rg BT 475.47 684.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.04 684.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 540.17 684.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.31 684.10 Td (car ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 672.10 Td (production ) Tj ET Q q 0 0 0 rg BT 100.23 672.10 Td (lines, ) Tj ET Q q 0 0 0 rg BT 124.53 672.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 137.44 672.10 Td (million ) Tj ET Q q 0 0 0 rg BT 169.24 672.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.48 672.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 231.16 672.10 Td (related ) Tj ET Q q 0 0 0 rg BT 261.27 672.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.96 672.10 Td (our ) Tj ET Q q 0 0 0 rg BT 288.20 672.10 Td (personalization ) Tj ET Q q 0 0 0 rg BT 352.20 672.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 392.88 672.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.22 672.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 423.13 672.10 Td (million ) Tj ET Q q 0 0 0 rg BT 454.93 672.10 Td (related ) Tj ET Q q 0 0 0 rg BT 485.04 672.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.73 672.10 Td (engine ) Tj ET Q q 0 0 0 rg BT 525.30 672.10 Td (assembly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 660.10 Td (lines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 638.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 638.10 Td (For ) Tj ET Q q 0 0 0 rg BT 105.30 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.93 638.10 Td (three ) Tj ET Q q 0 0 0 rg BT 140.33 638.10 Td (months ) Tj ET Q q 0 0 0 rg BT 171.19 638.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 196.47 638.10 Td (March ) Tj ET Q q 0 0 0 rg BT 223.98 638.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 237.90 638.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 259.31 638.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 308.49 638.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.68 638.10 Td (plant, ) Tj ET Q q 0 0 0 rg BT 341.59 638.10 Td (machinery ) Tj ET Q q 0 0 0 rg BT 385.20 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.05 638.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 444.67 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.41 638.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 470.83 638.10 Td (million ) Tj ET Q q 0 0 0 rg BT 501.13 638.10 Td (were ) Tj ET Q q 0 0 0 rg BT 521.97 638.10 Td (composed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.69 626.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 77.04 626.10 Td (million ) Tj ET Q q 0 0 0 rg BT 108.29 626.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 153.97 626.10 Td (related ) Tj ET Q q 0 0 0 rg BT 183.52 626.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.66 626.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 233.79 626.10 Td (tools ) Tj ET Q q 0 0 0 rg BT 255.59 626.10 Td (needed ) Tj ET Q q 0 0 0 rg BT 286.26 626.10 Td (for ) Tj ET Q q 0 0 0 rg BT 300.28 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.85 626.10 Td (production ) Tj ET Q q 0 0 0 rg BT 360.53 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.22 626.10 Td (cars, ) Tj ET Q q 0 0 0 rg BT 392.17 626.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 404.53 626.10 Td (million ) Tj ET Q q 0 0 0 rg BT 435.78 626.10 Td (related ) Tj ET Q q 0 0 0 rg BT 465.34 626.10 Td (to ) Tj ET Q q 0 0 0 rg BT 475.47 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.04 626.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 540.17 626.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.31 626.10 Td (car ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 614.10 Td (production ) Tj ET Q q 0 0 0 rg BT 100.09 614.10 Td (lines, ) Tj ET Q q 0 0 0 rg BT 124.23 614.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 137.00 614.10 Td (million ) Tj ET Q q 0 0 0 rg BT 168.65 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.74 614.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 230.27 614.10 Td (related ) Tj ET Q q 0 0 0 rg BT 260.24 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.78 614.10 Td (our ) Tj ET Q q 0 0 0 rg BT 286.87 614.10 Td (personalization ) Tj ET Q q 0 0 0 rg BT 350.72 614.10 Td (programs, ) Tj ET Q q 0 0 0 rg BT 393.75 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.95 614.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 423.71 614.10 Td (million ) Tj ET Q q 0 0 0 rg BT 455.36 614.10 Td (related ) Tj ET Q q 0 0 0 rg BT 485.33 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.87 614.10 Td (engine ) Tj ET Q q 0 0 0 rg BT 525.28 614.10 Td (assembly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 602.10 Td (lines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 580.10 Td (Advances ) Tj ET Q q 0 0 0 rg BT 132.34 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.70 580.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 175.94 580.10 Td (under ) Tj ET Q q 0 0 0 rg BT 201.63 580.10 Td (construction, ) Tj ET Q q 0 0 0 rg BT 256.47 580.10 Td (which ) Tj ET Q q 0 0 0 rg BT 283.83 580.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 326.18 580.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.87 580.10 Td (47 ) Tj ET Q q 0 0 0 rg BT 354.79 580.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.68 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 386.59 580.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.95 580.10 Td (26 ) Tj ET Q q 0 0 0 rg BT 421.86 580.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.75 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.67 580.10 Td (for ) Tj ET Q q 0 0 0 rg BT 468.24 580.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.37 580.10 Td (three ) Tj ET Q q 0 0 0 rg BT 506.27 580.10 Td (months ) Tj ET Q q 0 0 0 rg BT 538.64 580.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 568.10 Td (March ) Tj ET Q q 0 0 0 rg BT 83.42 568.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 99.25 568.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.25 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.57 568.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.33 568.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.33 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.66 568.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 211.32 568.10 Td (, ) Tj ET Q q 0 0 0 rg BT 217.14 568.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 257.68 568.10 Td (related ) Tj ET Q q 0 0 0 rg BT 288.21 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.31 568.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 350.41 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.51 568.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 402.61 568.10 Td (tools ) Tj ET Q q 0 0 0 rg BT 425.38 568.10 Td (needed ) Tj ET Q q 0 0 0 rg BT 457.02 568.10 Td (for ) Tj ET Q q 0 0 0 rg BT 472.00 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.54 568.10 Td (production ) Tj ET Q q 0 0 0 rg BT 534.19 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 545.85 568.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 556.10 Td (models ) Tj ET Q q 0 0 0 rg BT 85.39 556.10 Td (as ) Tj ET Q q 0 0 0 rg BT 96.22 556.10 Td (well ) Tj ET Q q 0 0 0 rg BT 115.93 556.10 Td (as ) Tj ET Q q 0 0 0 rg BT 126.76 556.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 177.04 556.10 Td (for ) Tj ET Q q 0 0 0 rg BT 191.20 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.91 556.10 Td (new ) Tj ET Q q 0 0 0 rg BT 225.07 556.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 254.78 556.10 Td (Design ) Tj ET Q q 0 0 0 rg BT 285.61 556.10 Td (Centre.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 532.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 70.94 532.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 92.88 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.94 532.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 127.88 532.10 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 171.51 532.10 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 510.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 510.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 106.67 510.10 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 147.23 510.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 168.90 510.10 Td (is ) Tj ET Q q 0 0 0 rg BT 177.80 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.25 510.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 226.13 510.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 261.68 510.10 Td (used ) Tj ET Q q 0 0 0 rg BT 282.24 510.10 Td (by ) Tj ET Q q 0 0 0 rg BT 294.47 510.10 Td (us ) Tj ET Q q 0 0 0 rg BT 305.60 510.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.61 510.10 Td (analyze ) Tj ET Q q 0 0 0 rg BT 348.37 510.10 Td (our ) Tj ET Q q 0 0 0 rg BT 363.93 510.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 401.14 510.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 437.24 510.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.91 510.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 482.79 510.10 Td (structure, ) Tj ET Q q 0 0 0 rg BT 522.50 510.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.17 510.10 Td (is ) Tj ET Q q 0 0 0 rg BT 548.08 510.10 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 498.10 Td (of ) Tj ET Q q 0 0 0 rg BT 66.24 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.36 498.10 Td (key ) Tj ET Q q 0 0 0 rg BT 100.70 498.10 Td (indicators, ) Tj ET Q q 0 0 0 rg BT 146.54 498.10 Td (together ) Tj ET Q q 0 0 0 rg BT 183.21 498.10 Td (with ) Tj ET Q q 0 0 0 rg BT 204.90 498.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 223.24 498.10 Td (Debt, ) Tj ET Q q 0 0 0 rg BT 249.09 498.10 Td (we ) Tj ET Q q 0 0 0 rg BT 264.65 498.10 Td (use ) Tj ET Q q 0 0 0 rg BT 281.89 498.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.58 498.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 330.80 498.10 Td (our ) Tj 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0 rg BT 448.92 474.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 471.19 474.10 Td (is ) Tj ET Q q 0 0 0 rg BT 480.70 474.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 513.52 474.10 Td (as ) Tj ET Q q 0 0 0 rg BT 524.68 474.10 Td (total ) Tj ET Q q 0 0 0 rg BT 545.29 474.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 462.10 Td (less ) Tj ET Q q 0 0 0 rg BT 70.39 462.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 89.55 462.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.39 462.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 124.55 462.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 171.48 462.10 Td (\(Net ) Tj ET Q q 0 0 0 rg BT 190.64 462.10 Td (Debt\), ) Tj ET Q q 0 0 0 rg BT 217.31 462.10 Td (further ) Tj ET Q q 0 0 0 rg BT 245.91 462.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 280.62 462.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.80 462.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 322.28 462.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.89 462.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 365.05 462.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 395.33 462.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.06 462.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.67 462.10 Td (self-liquidating ) Tj ET Q q 0 0 0 rg BT 481.16 462.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 517.53 462.10 Td (receivables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 450.10 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 93.59 450.10 Td (which ) Tj ET Q q 0 0 0 rg BT 120.12 450.10 Td (is ) Tj ET Q q 0 0 0 rg BT 128.88 450.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.20 450.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 174.18 450.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.60 450.10 Td (our ) Tj ET Q q 0 0 0 rg BT 200.02 450.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 247.09 450.10 Td (from ) Tj ET Q q 0 0 0 rg BT 268.62 450.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 308.48 450.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 346.67 450.10 Td (that ) Tj ET Q q 0 0 0 rg BT 363.76 450.10 Td (we ) Tj ET Q q 0 0 0 rg BT 377.51 450.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 397.94 450.10 Td (with ) Tj ET Q q 0 0 0 rg BT 417.81 450.10 Td (external ) Tj ET Q q 0 0 0 rg BT 452.10 450.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 471.42 450.10 Td (or ) Tj ET Q q 0 0 0 rg BT 481.84 450.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 538.91 450.10 Td (loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 426.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 426.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.54 426.10 Td (The ) Tj ET Q q 0 0 0 rg BT 110.83 426.10 Td (following ) Tj ET Q q 0 0 0 rg BT 152.46 426.10 Td (table ) Tj ET Q q 0 0 0 rg BT 174.63 426.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 192.37 426.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 214.55 426.10 Td (a ) Tj ET Q q 0 0 0 rg BT 221.73 426.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 279.45 426.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.52 426.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 307.70 426.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 329.88 426.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.06 426.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 364.23 426.10 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 405.30 426.10 Td (Debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.48 426.10 Td (at ) Tj ET Q q 0 0 0 rg BT 437.44 426.10 Td (March ) Tj ET Q q 0 0 0 rg BT 466.28 426.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.78 426.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.52 426.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.52 426.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.26 426.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.44 426.10 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 414.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 414.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 414.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 414.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.75 349.60 304.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 349.60 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 349.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 349.60 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.75 321.60 304.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 321.60 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 321.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 321.60 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.75 293.60 304.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 293.60 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 293.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 293.60 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.75 265.60 304.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 265.60 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 265.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 265.60 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.75 237.60 304.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 237.60 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 237.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 237.60 100.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 377.6 m 457.75 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 377.6 m 561.75 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 377.6 m 457.75 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 363.6 m 457.75 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 377.6 m 561.75 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 363.6 m 561.75 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 363.6 m 457.75 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 363.6 m 561.75 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 335.6 m 561.75 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 335.6 m 457.75 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 265.6 m 457.75 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 265.6 m 561.75 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 251.60000000000002 m 561.75 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 251.60000000000002 m 457.75 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 251.60000000000002 m 561.75 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 237.60000000000002 m 457.75 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 223.60000000000002 m 457.75 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 237.60000000000002 m 561.75 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 223.60000000000002 m 561.75 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 210.60000000000002 m 457.75 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 208.60000000000002 m 457.75 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 210.60000000000002 m 561.75 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 208.60000000000002 m 561.75 208.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.70 382.05 Td (At Mar) Tj ET Q q 0 0 0 rg BT 412.27 382.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.20 382.05 Td (At December) Tj ET Q q 0 0 0 rg BT 529.84 382.05 Td ( 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.25 368.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.25 368.05 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.85 354.06 Td (\( million\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 340.06 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 340.06 Td (743) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.75 340.06 Td (648) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.25 326.05 Td (T) Tj ET Q q 0 0 0 rg BT 61.43 326.05 Td (otal liquidity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.75 326.05 Td (743) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.75 326.05 Td (648) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 312.06 Td (Bonds) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 312.06 Td (\(1,189) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.25 312.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.00 312.06 Td (\(1,194) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.25 312.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 298.06 Td (Securitizations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 298.06 Td (\(573) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.25 298.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.75 298.06 Td (\(556) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.25 298.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 284.06 Td (Borrowings from banks) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.25 284.06 Td (\(37) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.25 284.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.25 284.06 Td (\(38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.25 284.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 270.06 Td (Other debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.25 270.06 Td (\(23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.25 270.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.25 270.06 Td (\(18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.25 270.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.25 256.05 Td (T) Tj ET Q q 0 0 0 rg BT 61.43 256.05 Td (otal debt) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.00 256.05 Td (\(1,822) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.25 256.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.00 256.05 Td (\(1,806) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.25 256.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.25 242.05 Td (Net Debt) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.00 242.05 Td (\(1,079) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.25 242.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.00 242.05 Td (\(1,158) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.25 242.05 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 228.06 Td (Funded portion of the self-liquidating financial receivables portfolio) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 228.06 Td (666) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.75 228.06 Td (685) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.25 214.05 Td (Net Industrial Debt) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.75 214.05 Td (\(413) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.25 214.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.75 214.05 Td (\(473) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.25 214.05 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 186.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 77.06 186.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.56 186.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 115.39 186.10 Td (equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 162.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 162.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 113.11 162.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.65 162.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 151.53 162.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 200.18 162.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 242.72 162.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.61 162.10 Td (743 ) Tj ET Q q 0 0 0 rg BT 276.72 162.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.61 162.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.72 162.10 Td (at ) Tj ET Q q 0 0 0 rg BT 319.04 162.10 Td (March ) Tj ET Q q 0 0 0 rg BT 348.25 162.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.75 162.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.85 162.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.85 162.10 Td ( ) Tj ET Q q 0 0 0 rg BT 386.96 162.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 429.49 162.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.38 162.10 Td (648 ) Tj ET Q q 0 0 0 rg BT 463.49 162.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.38 162.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.49 162.10 Td (at ) Tj ET Q q 0 0 0 rg BT 505.81 162.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.00 162.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 150.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 150.10 Td (. ) Tj ET Q q 0 0 0 rg BT 78.54 150.10 Td (The ) Tj ET Q q 0 0 0 rg BT 96.29 150.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 131.24 150.10 Td (in ) Tj ET Q q 0 0 0 rg BT 141.22 150.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 161.19 150.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.83 150.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 197.79 150.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 245.54 150.10 Td (was ) Tj ET Q q 0 0 0 rg BT 263.29 150.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 302.70 150.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 330.44 150.10 Td (by ) Tj ET Q q 0 0 0 rg BT 342.64 150.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 362.61 150.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 384.81 150.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 407.57 150.10 Td (from ) Tj ET Q q 0 0 0 rg BT 429.21 150.10 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 469.25 150.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 510.33 150.10 Td (and ) Tj ET Q q 0 0 0 rg BT 526.97 150.10 Td (proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 138.10 Td (from ) Tj ET Q q 0 0 0 rg BT 76.16 138.10 Td (our ) Tj ET Q q 0 0 0 rg BT 92.22 138.10 Td (securitization ) Tj ET Q q 0 0 0 rg BT 148.81 138.10 Td (programs, ) Tj ET Q q 0 0 0 rg BT 191.80 138.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 227.84 138.10 Td (of) Tj ET Q q 0 0 0 rg BT 235.99 138.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 253.15 138.10 Td (by ) Tj ET Q q 0 0 0 rg BT 265.88 138.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 322.47 138.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 342.41 138.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.92 138.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 398.95 138.10 Td (common ) Tj ET Q q 0 0 0 rg BT 436.66 138.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 464.38 138.10 Td (under ) Tj ET Q q 0 0 0 rg BT 489.87 138.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.81 138.10 Td (share ) Tj ET Q q 0 0 0 rg BT 528.63 138.10 Td (buyback ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 126.10 Td (program. ) Tj ET Q q 0 0 0 rg BT 92.88 126.10 Td (See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 109.82 126.10 Td (Fr) Tj ET Q q 0 0 0 rg BT 125.01 126.10 Td (ee ) Tj ET Q q 0 0 0 rg BT 136.38 126.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 159.44 126.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 182.50 126.10 Td (fr) Tj ET Q q 0 0 0 rg BT 188.80 126.10 Td (om ) Tj ET Q q 0 0 0 rg BT 203.52 126.10 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 245.29 126.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.06 126.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.56 126.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 307.50 126.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 336.12 126.10 Td (Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.13 126.10 Td ( ) Tj ET Q q 0 0 0 rg BT 368.63 126.10 Td (for ) Tj ET Q q 0 0 0 rg BT 382.79 126.10 Td (further ) Tj ET Q q 0 0 0 rg BT 412.50 126.10 Td (details.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 114.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 102.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 102.10 Td (Approximately ) Tj ET Q q 0 0 0 rg BT 152.48 102.10 Td (76% ) Tj ET Q q 0 0 0 rg BT 172.75 102.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.01 102.10 Td (our ) Tj ET Q q 0 0 0 rg BT 198.28 102.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 217.99 102.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.36 102.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 254.07 102.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 301.55 102.10 Td (were ) Tj ET Q q 0 0 0 rg BT 322.92 102.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 376.50 102.10 Td (in ) Tj ET Q q 0 0 0 rg BT 386.22 102.10 Td (Euro ) Tj ET Q q 0 0 0 rg BT 407.60 102.10 Td (at ) Tj ET Q q 0 0 0 rg BT 416.75 102.10 Td (March ) Tj ET Q q 0 0 0 rg BT 444.79 102.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 459.22 102.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 481.16 102.10 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 544.19 102.10 Td (67% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 90.10 Td (at ) Tj ET Q q 0 0 0 rg BT 64.25 90.10 Td (December ) Tj ET Q q 0 0 0 rg BT 108.36 90.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 123.89 90.10 Td (2017\). ) Tj ET Q q 0 0 0 rg BT 152.75 90.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 171.33 90.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 192.13 90.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.60 90.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 230.40 90.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 278.97 90.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 333.65 90.10 Td (in ) Tj ET Q q 0 0 0 rg BT 344.46 90.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 388.57 90.10 Td (other ) Tj ET Q q 0 0 0 rg BT 412.15 90.10 Td (than ) Tj ET Q q 0 0 0 rg BT 432.39 90.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.64 90.10 Td (Euro ) Tj ET Q q 0 0 0 rg BT 470.11 90.10 Td (are ) Tj ET Q q 0 0 0 rg BT 485.35 90.10 Td (available ) Tj ET Q q 0 0 0 rg BT 524.46 90.10 Td (mostly ) Tj ET Q q 0 0 0 rg BT 554.72 90.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 78.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 83.94 78.10 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 111.96 78.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.14 78.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 159.08 78.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 209.03 78.10 Td (which ) Tj ET Q q 0 0 0 rg BT 236.21 78.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 268.37 78.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.88 78.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 302.16 78.10 Td (other ) Tj ET Q q 0 0 0 rg BT 325.44 78.10 Td (than ) Tj ET Q q 0 0 0 rg BT 345.39 78.10 Td (Europe. ) Tj ET Q q 0 0 0 rg BT 379.51 78.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 402.24 78.10 Td (held ) Tj ET Q q 0 0 0 rg BT 422.20 78.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.71 78.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 462.65 78.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 502.04 78.10 Td (may ) Tj ET Q q 0 0 0 rg BT 522.00 78.10 Td (be ) Tj ET Q q 0 0 0 rg BT 534.17 78.10 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 66.10 Td (to ) Tj ET Q q 0 0 0 rg BT 63.11 66.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 94.99 66.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 140.76 66.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 183.75 66.10 Td (on ) Tj ET Q q 0 0 0 rg BT 195.08 66.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.63 66.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 259.41 66.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.53 66.10 Td (which ) Tj ET Q q 0 0 0 rg BT 294.30 66.10 Td (these ) Tj ET Q q 0 0 0 rg BT 316.18 66.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 364.73 66.10 Td (operate. ) Tj ET Q q 0 0 0 rg BT 397.99 66.10 Td (In ) Tj ET Q q 0 0 0 rg BT 407.66 66.10 Td (particular) Tj ET Q q 0 0 0 rg BT 445.57 66.10 Td (, ) Tj ET Q q 0 0 0 rg BT 449.41 66.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 468.51 66.10 Td (held ) Tj ET Q q 0 0 0 rg BT 487.06 66.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.18 66.10 Td (China ) Tj ET Q q 0 0 0 rg BT 521.40 66.10 Td (\(including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 54.10 Td (in ) Tj ET Q q 0 0 0 rg BT 63.67 54.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 94.44 54.10 Td (currencies\), ) Tj ET Q q 0 0 0 rg BT 143.25 54.10 Td (which ) Tj ET Q q 0 0 0 rg BT 169.58 54.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 210.91 54.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.58 54.10 Td (82 ) Tj ET Q q 0 0 0 rg BT 237.47 54.10 Td (million ) Tj ET Q q 0 0 0 rg BT 268.26 54.10 Td (at ) Tj ET Q q 0 0 0 rg BT 277.37 54.10 Td (March ) Tj ET Q q 0 0 0 rg BT 305.36 54.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 319.76 54.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 341.65 54.10 Td (\(66 ) Tj ET Q q 0 0 0 rg BT 361.87 54.10 Td (million ) Tj ET Q q 0 0 0 rg BT 392.66 54.10 Td (at ) Tj ET Q q 0 0 0 rg BT 401.77 54.10 Td (December ) Tj ET Q q 0 0 0 rg BT 444.75 54.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 459.14 54.10 Td (2017\), ) Tj ET Q q 0 0 0 rg BT 486.86 54.10 Td (is ) Tj ET Q q 0 0 0 rg BT 495.43 54.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 525.65 54.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.32 54.10 Td (certain ) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 30.20 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 742.10 Td (repatriation ) Tj ET Q q 0 0 0 rg BT 103.09 742.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 150.53 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.97 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 188.20 742.10 Td (only ) Tj ET Q q 0 0 0 rg BT 208.98 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 221.42 742.10 Td (repatriated ) Tj ET Q q 0 0 0 rg BT 267.17 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 278.51 742.10 Td (dividends. ) Tj ET Q q 0 0 0 rg BT 322.90 742.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 350.34 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 363.35 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 379.68 742.10 Td (review) Tj ET Q q 0 0 0 rg BT 406.24 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 411.74 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 426.41 742.10 Td (do ) Tj ET Q q 0 0 0 rg BT 439.41 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 455.20 742.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 494.29 742.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 526.17 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 544.17 742.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 730.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 87.04 730.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 133.97 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 155.35 730.10 Td (an ) Tj ET Q q 0 0 0 rg BT 167.29 730.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 200.32 730.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 230.04 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 242.54 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 258.37 730.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 286.42 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.70 730.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 318.63 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 334.46 730.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 370.85 730.10 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.26 706.10 Td (following ) Tj ET Q q 0 0 0 rg BT 149.85 706.10 Td (table ) Tj ET Q q 0 0 0 rg BT 172.00 706.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 189.71 706.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 211.86 706.10 Td (an ) Tj ET Q q 0 0 0 rg BT 224.00 706.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 258.93 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.97 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.90 706.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 328.69 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.18 706.10 Td (which ) Tj ET Q q 0 0 0 rg BT 366.33 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 382.37 706.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 402.85 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.00 706.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 440.47 706.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 488.73 706.10 Td (were ) Tj ET Q q 0 0 0 rg BT 510.86 706.10 Td (denominated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 694.10 Td (at ) Tj ET Q q 0 0 0 rg BT 63.72 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.43 694.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 101.48 694.10 Td (presented.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.75 641.60 304.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 641.60 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 641.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 641.60 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.75 613.60 304.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 613.60 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 613.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 613.60 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.75 585.60 304.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 585.60 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 585.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 585.60 100.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 669.6 m 457.75 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 669.6 m 561.75 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 669.6 m 457.75 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 655.6 m 457.75 655.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 669.6 m 561.75 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 655.6 m 561.75 655.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 655.6 m 457.75 655.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 655.6 m 561.75 655.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 571.6 m 457.75 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 558.6 m 457.75 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 556.6 m 457.75 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 571.6 m 561.75 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 558.6 m 561.75 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 556.6 m 561.75 556.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.70 674.05 Td (At Mar) Tj ET Q q 0 0 0 rg BT 412.27 674.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.20 674.05 Td (At December) Tj ET Q q 0 0 0 rg BT 529.84 674.05 Td ( 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.25 660.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.25 660.05 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.85 646.06 Td (\( million\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 632.06 Td (Euro) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 632.06 Td (565) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.75 632.06 Td (435) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 618.06 Td (Chinese ) Tj ET Q q 0 0 0 rg BT 87.16 618.06 Td (Y) Tj ET Q q 0 0 0 rg BT 92.66 618.06 Td (uan) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 618.06 Td (78) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.25 618.06 Td (62) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 604.06 Td (U.S. Dollar) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 604.06 Td (61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.25 604.06 Td (88) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 590.06 Td (Japanese ) Tj ET Q q 0 0 0 rg BT 90.15 590.06 Td (Y) Tj ET Q q 0 0 0 rg BT 95.75 590.06 Td (en) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 590.06 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.25 590.06 Td (26) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 576.06 Td (Other currencies) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 576.06 Td (29) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.25 576.06 Td (37) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.25 562.05 Td (T) Tj ET Q q 0 0 0 rg BT 61.43 562.05 Td (otal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.75 562.05 Td (743) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.75 562.05 Td (648) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 534.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 534.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 112.25 534.10 Td (collected ) Tj ET Q q 0 0 0 rg BT 150.58 534.10 Td (from ) Tj ET Q q 0 0 0 rg BT 172.27 534.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.73 534.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 230.08 534.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.66 534.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 287.88 534.10 Td (or ) Tj ET Q q 0 0 0 rg BT 298.45 534.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 319.59 534.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.17 534.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 355.18 534.10 Td (pledged ) Tj ET Q q 0 0 0 rg BT 389.08 534.10 Td (as ) Tj ET Q q 0 0 0 rg BT 399.66 534.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 439.10 534.10 Td (is ) Tj ET Q q 0 0 0 rg BT 448.02 534.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 478.59 534.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.62 534.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 518.07 534.10 Td (restrictions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 522.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 94.88 522.10 Td (its ) Tj ET Q q 0 0 0 rg BT 106.90 522.10 Td (use ) Tj ET Q q 0 0 0 rg BT 122.80 522.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.80 522.10 Td (is ) Tj ET Q q 0 0 0 rg BT 149.04 522.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 194.93 522.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 226.93 522.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.27 522.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 262.05 522.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 300.16 522.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.16 522.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 349.16 522.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.06 522.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.85 522.10 Td (funding. ) Tj ET Q q 0 0 0 rg BT 411.02 522.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 433.59 522.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 453.92 522.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 495.93 522.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.27 522.10 Td (26 ) Tj ET Q q 0 0 0 rg BT 523.84 522.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.30 522.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 510.10 Td (March ) Tj ET Q q 0 0 0 rg BT 82.60 510.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.10 510.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.60 510.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.60 510.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.10 510.10 Td (\(28 ) Tj ET Q q 0 0 0 rg BT 140.93 510.10 Td (million ) Tj ET Q q 0 0 0 rg BT 172.32 510.10 Td (at ) Tj ET Q q 0 0 0 rg BT 182.04 510.10 Td (December ) Tj ET Q q 0 0 0 rg BT 225.62 510.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 240.62 510.10 Td (2017\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 476.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 90 474.7669921875 m 185.7421875 474.7669921875 l s q 0 0 0 rg BT 90.00 476.10 Td (T) Tj ET Q q 0 0 0 rg BT 94.64 476.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 112.70 476.10 Td (available ) Tj ET Q q 0 0 0 rg BT 152.41 476.10 Td (liquidity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 464.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 452.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 452.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 108.31 452.10 Td (total ) Tj ET Q q 0 0 0 rg BT 128.83 452.10 Td (available ) Tj ET Q q 0 0 0 rg BT 167.68 452.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 204.32 452.10 Td (\(defined ) Tj ET Q q 0 0 0 rg BT 240.39 452.10 Td (as ) Tj ET Q q 0 0 0 rg BT 251.47 452.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 272.00 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.19 452.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 309.71 452.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 358.01 452.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 377.43 452.10 Td (undrawn ) Tj ET Q q 0 0 0 rg BT 415.18 452.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 460.70 452.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 486.22 452.10 Td (lines\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.19 452.10 Td (at ) Tj ET Q q 0 0 0 rg BT 521.16 452.10 Td (March ) Tj ET Q q 0 0 0 rg BT 550.01 452.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 440.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 440.10 Td ( ) Tj ET Q q 0 0 0 rg BT 76.50 440.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.55 440.10 Td (1,243 ) Tj ET Q q 0 0 0 rg BT 124.55 440.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.44 440.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.94 440.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.27 440.10 Td (1,148 ) Tj ET Q q 0 0 0 rg BT 189.27 440.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.17 440.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.67 440.10 Td (at ) Tj ET Q q 0 0 0 rg BT 230.38 440.10 Td (December ) Tj ET Q q 0 0 0 rg BT 273.97 440.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.47 440.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.97 440.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.97 440.10 Td (\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 416.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 416.10 Td (The following table summarizes our total available liquidity:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.25 360.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.25 360.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.25 360.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.25 360.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.25 330.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.25 330.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.25 330.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.25 330.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.25 390.6 m 458.25 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.25 390.6 m 462.25 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.25 390.6 m 562.25 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.25 390.6 m 458.25 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.25 375.6 m 458.25 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.25 390.6 m 562.25 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.25 375.6 m 562.25 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.25 375.6 m 458.25 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.25 375.6 m 562.25 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.25 330.6 m 458.25 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.25 316.6 m 458.25 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.25 314.6 m 458.25 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.25 330.6 m 562.25 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.25 316.6 m 562.25 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.25 314.6 m 562.25 314.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.05 395.05 Td (At Mar) Tj ET Q q 0 0 0 rg BT 413.87 395.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.70 395.05 Td (At December) Tj ET Q q 0 0 0 rg BT 530.34 395.05 Td ( 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.75 380.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.75 380.05 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.35 365.06 Td (\( million\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.75 350.06 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.25 350.06 Td (743) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.25 350.06 Td (648) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.75 335.06 Td (Undrawn committed credit lines) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.25 335.06 Td (500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.25 335.06 Td (500) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.75 320.05 Td (T) Tj ET Q q 0 0 0 rg BT 60.93 320.05 Td (otal available liquidity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.50 320.05 Td (1,243) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.50 320.05 Td (1,148) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 292.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 292.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.05 292.10 Td (undrawn ) Tj ET Q q 0 0 0 rg BT 145.54 292.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 190.81 292.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 216.07 292.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 237.46 292.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 266.05 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.33 292.10 Td (a ) Tj ET Q q 0 0 0 rg BT 283.27 292.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 324.09 292.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 349.36 292.10 Td (facility) Tj ET Q q 0 0 0 rg BT 377.03 292.10 Td (. ) Tj ET Q q 0 0 0 rg BT 382.03 292.10 Td (See ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 398.96 292.10 Td (The ) Tj ET Q q 0 0 0 rg BT 422.03 292.10 Td (Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.69 292.10 Td ( ) Tj ET Q q 0 0 0 rg BT 461.19 292.10 Td (below ) Tj ET Q q 0 0 0 rg BT 488.13 292.10 Td (for ) Tj ET Q q 0 0 0 rg BT 502.29 292.10 Td (further ) Tj ET Q q 0 0 0 rg BT 531.99 292.10 Td (details.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 268.10 Td (Borr) Tj ET Q q 0 0 0 rg BT 72.52 268.10 Td (owings ) Tj ET Q q 0 0 0 rg BT 103.36 268.10 Td (fr) Tj ET Q q 0 0 0 rg BT 109.66 268.10 Td (om ) Tj ET Q q 0 0 0 rg BT 124.38 268.10 Td (banks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 246.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 246.10 Td (Borrowings ) Tj ET Q q 0 0 0 rg BT 138.85 246.10 Td (from ) Tj ET Q q 0 0 0 rg BT 159.92 246.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 184.87 246.10 Td (at ) Tj ET Q q 0 0 0 rg BT 193.72 246.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 236.44 246.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 258.07 246.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 287.47 246.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 311.30 246.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.71 246.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 357.31 246.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 396.16 246.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.12 246.10 Td (FFS ) Tj ET Q q 0 0 0 rg BT 424.43 246.10 Td (Inc ) Tj ET Q q 0 0 0 rg BT 438.82 246.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.23 246.10 Td (support ) Tj ET Q q 0 0 0 rg BT 479.86 246.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.70 246.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 530.31 246.10 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 234.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 101.27 234.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.83 234.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.73 234.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 171.16 234.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 183.72 234.10 Td (28 ) Tj ET Q q 0 0 0 rg BT 201.84 234.10 Td (million ) Tj ET Q q 0 0 0 rg BT 233.85 234.10 Td (\(29 ) Tj ET Q q 0 0 0 rg BT 255.30 234.10 Td (million ) Tj ET Q q 0 0 0 rg BT 287.31 234.10 Td (at ) Tj ET Q q 0 0 0 rg BT 297.64 234.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 356.85 234.10 Td (2017\) ) Tj ET Q q 0 0 0 rg BT 383.29 234.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 416.96 234.10 Td (to ) Tj ET Q q 0 0 0 rg BT 427.85 234.10 Td (a ) Tj ET Q q 0 0 0 rg BT 435.41 234.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 456.31 234.10 Td (Dollar ) Tj ET Q q 0 0 0 rg BT 484.98 234.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 539.75 234.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 222.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 85.32 222.10 Td (for ) Tj ET Q q 0 0 0 rg BT 99.97 222.10 Td (up ) Tj ET Q q 0 0 0 rg BT 112.97 222.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.74 222.10 Td ($50 ) Tj ET Q q 0 0 0 rg BT 141.74 222.10 Td (million ) Tj ET Q q 0 0 0 rg BT 173.62 222.10 Td (\(drawn ) Tj ET Q q 0 0 0 rg BT 204.94 222.10 Td (down ) Tj ET Q q 0 0 0 rg BT 230.16 222.10 Td (for ) Tj ET Q q 0 0 0 rg BT 244.81 222.10 Td ($35 ) Tj ET Q q 0 0 0 rg BT 262.81 222.10 Td (million ) Tj ET Q q 0 0 0 rg BT 294.70 222.10 Td (at ) Tj ET Q q 0 0 0 rg BT 304.91 222.10 Td (March ) Tj ET Q q 0 0 0 rg BT 334.00 222.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 349.50 222.10 Td (2018\) ) Tj ET Q q 0 0 0 rg BT 375.82 222.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.26 222.10 Td (bearing ) Tj ET Q q 0 0 0 rg BT 426.24 222.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 458.67 222.10 Td (at ) Tj ET Q q 0 0 0 rg BT 468.88 222.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 501.88 222.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 521.54 222.10 Td (a ) Tj ET Q q 0 0 0 rg BT 528.98 222.10 Td (range ) Tj ET Q q 0 0 0 rg BT 554.18 222.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 210.10 Td (between ) Tj ET Q q 0 0 0 rg BT 90.22 210.10 Td (65 ) Tj ET Q q 0 0 0 rg BT 103.12 210.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.46 210.10 Td (75 ) Tj ET Q q 0 0 0 rg BT 133.37 210.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 156.27 210.10 Td (points; ) Tj ET Q q 0 0 0 rg BT 186.40 210.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 201.52 210.10 Td (other ) Tj ET Q q 0 0 0 rg BT 224.97 210.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 273.42 210.10 Td (from ) Tj ET Q q 0 0 0 rg BT 295.76 210.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 322.00 210.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.23 210.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 346.13 210.10 Td (million ) Tj ET Q q 0 0 0 rg BT 377.93 210.10 Td (\(9 ) Tj ET Q q 0 0 0 rg BT 394.16 210.10 Td (million ) Tj ET Q q 0 0 0 rg BT 425.95 210.10 Td (at ) Tj ET Q q 0 0 0 rg BT 436.07 210.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 495.06 210.10 Td (2017\) ) Tj ET Q q 0 0 0 rg BT 521.29 210.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 554.74 210.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 198.10 Td (various ) Tj ET Q q 0 0 0 rg BT 85.94 198.10 Td (short ) Tj ET Q q 0 0 0 rg BT 108.44 198.10 Td (and ) Tj ET Q q 0 0 0 rg BT 125.38 198.10 Td (medium ) Tj ET Q q 0 0 0 rg BT 160.65 198.10 Td (term ) Tj ET Q q 0 0 0 rg BT 181.48 198.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 206.74 198.10 Td (facilities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 174.10 Td (The ) Tj ET Q q 0 0 0 rg BT 71.50 174.10 Td (Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 152.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 152.10 Td (On ) Tj ET Q q 0 0 0 rg BT 103.97 152.10 Td (November ) Tj ET Q q 0 0 0 rg BT 147.92 152.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 162.17 152.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 186.42 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.39 152.10 Td (Company) Tj ET Q q 0 0 0 rg BT 238.62 152.10 Td (, ) Tj ET Q q 0 0 0 rg BT 242.87 152.10 Td (as ) Tj ET Q q 0 0 0 rg BT 252.95 152.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 291.35 152.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.53 152.10 Td (guarantor) Tj ET Q q 0 0 0 rg BT 345.45 152.10 Td (, ) Tj ET Q q 0 0 0 rg BT 349.70 152.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.88 152.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 394.83 152.10 Td (other ) Tj ET Q q 0 0 0 rg BT 417.13 152.10 Td (members ) Tj ET Q q 0 0 0 rg BT 455.53 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.61 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.58 152.10 Td (Group, ) Tj ET Q q 0 0 0 rg BT 509.38 152.10 Td (as ) Tj ET Q q 0 0 0 rg BT 519.45 152.10 Td (borrowers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 140.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 86.12 140.10 Td (into ) Tj ET Q q 0 0 0 rg BT 104.38 140.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.51 140.10 Td (2.5 ) Tj ET Q q 0 0 0 rg BT 131.71 140.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 160.52 140.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 191.54 140.10 Td (with ) Tj ET Q q 0 0 0 rg BT 212.02 140.10 Td (a ) Tj ET Q q 0 0 0 rg BT 219.15 140.10 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 259.61 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.64 140.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 296.67 140.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 314.91 140.10 Td (Facility\). ) Tj ET Q q 0 0 0 rg BT 362.27 140.10 Td (At ) Tj ET Q q 0 0 0 rg BT 374.97 140.10 Td (inception, ) Tj ET Q q 0 0 0 rg BT 417.38 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.30 140.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 465.55 140.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 509.90 140.10 Td (a ) Tj ET Q q 0 0 0 rg BT 517.04 140.10 Td (bridge ) Tj ET Q q 0 0 0 rg BT 545.28 140.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 65.32 128.10 Td (500 ) Tj ET Q q 0 0 0 rg BT 88.30 128.10 Td (million ) Tj ET Q q 0 0 0 rg BT 120.18 128.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 138.71 128.10 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 173.35 128.10 Td (Loan\), ) Tj ET Q q 0 0 0 rg BT 207.15 128.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.58 128.10 Td (term ) Tj ET Q q 0 0 0 rg BT 235.89 128.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 256.09 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.41 128.10 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 297.89 128.10 Td (million ) Tj ET Q q 0 0 0 rg BT 329.77 128.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 348.30 128.10 Td (T) Tj ET Q q 0 0 0 rg BT 358.15 128.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 376.69 128.10 Td (Loan\) ) Tj ET Q q 0 0 0 rg BT 407.99 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 425.41 128.10 Td (a ) Tj ET Q q 0 0 0 rg BT 432.84 128.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 474.15 128.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 499.90 128.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 531.20 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 542.52 128.10 Td (500 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 116.10 Td (million ) Tj ET Q q 0 0 0 rg BT 85.39 116.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 103.44 116.10 Td (RCF\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 92.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 92.10 Td (In ) Tj ET Q q 0 0 0 rg BT 101.90 92.10 Td (December ) Tj ET Q q 0 0 0 rg BT 146.55 92.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 170.11 92.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.89 92.10 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 216.68 92.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 240.79 92.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.54 92.10 Td (T) Tj ET Q q 0 0 0 rg BT 263.95 92.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 283.06 92.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 307.17 92.10 Td (were ) Tj ET Q q 0 0 0 rg BT 330.17 92.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 352.62 92.10 Td (drawn ) Tj ET Q q 0 0 0 rg BT 381.18 92.10 Td (down ) Tj ET Q q 0 0 0 rg BT 406.96 92.10 Td (for ) Tj ET Q q 0 0 0 rg BT 422.19 92.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.97 92.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 477.09 92.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.99 92.10 Td (repaying ) Tj ET Q q 0 0 0 rg BT 527.54 92.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 80.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 93.72 80.10 Td (with ) Tj ET Q q 0 0 0 rg BT 114.00 80.10 Td (FCA, ) Tj ET Q q 0 0 0 rg BT 138.45 80.10 Td (including ) Tj ET Q q 0 0 0 rg BT 178.72 80.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.44 80.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 212.34 80.10 Td ( ) Tj ET Q q 0 0 0 rg BT 214.84 80.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 236.78 80.10 Td (that ) Tj ET Q q 0 0 0 rg BT 254.27 80.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 297.32 80.10 Td (as ) Tj ET Q q 0 0 0 rg BT 308.15 80.10 Td (a ) Tj ET Q q 0 0 0 rg BT 315.08 80.10 Td (result ) Tj ET Q q 0 0 0 rg BT 339.80 80.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.63 80.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.35 80.10 Td (Restructuring.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 50.70 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 50.70 Td (In ) Tj ET Q q 0 0 0 rg BT 100.06 50.70 Td (March ) Tj ET Q q 0 0 0 rg BT 127.89 50.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 152.13 50.70 Td (the ) Tj ET Q q 0 0 0 rg BT 166.08 50.70 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 195.02 50.70 Td (Loan ) Tj ET Q q 0 0 0 rg BT 217.30 50.70 Td (was ) Tj ET Q q 0 0 0 rg BT 234.59 50.70 Td (fully ) Tj ET Q q 0 0 0 rg BT 255.21 50.70 Td (repaid, ) Tj ET Q q 0 0 0 rg BT 284.42 50.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 323.37 50.70 Td (using ) Tj ET Q q 0 0 0 rg BT 346.77 50.70 Td (the ) Tj ET Q q 0 0 0 rg BT 360.72 50.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 397.99 50.70 Td (from ) Tj ET Q q 0 0 0 rg BT 419.16 50.70 Td (the ) Tj ET Q q 0 0 0 rg BT 433.11 50.70 Td (2023 ) Tj ET Q q 0 0 0 rg BT 454.84 50.70 Td (Bond ) Tj ET Q q 0 0 0 rg BT 478.25 50.70 Td (\(see ) Tj ET Q q 0 0 0 rg BT 496.08 50.70 Td (Bonds ) Tj ET Q q 0 0 0 rg BT 532.25 50.70 Td (below\).) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 30.20 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 730.10 Td (In ) Tj ET Q q 0 0 0 rg BT 100.43 730.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 122.53 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.07 730.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 161.17 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.48 730.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 216.47 730.10 Td (made ) Tj ET Q q 0 0 0 rg BT 240.22 730.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 282.31 730.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 322.73 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.27 730.10 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 379.70 730.10 Td (prepayments, ) Tj ET Q q 0 0 0 rg BT 435.39 730.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 465.26 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.14 730.10 Td (part ) Tj ET Q q 0 0 0 rg BT 492.78 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 512.66 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.98 730.10 Td (proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.55 718.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 102.05 718.10 Td (Bond, ) Tj ET Q q 0 0 0 rg BT 128.72 718.10 Td (described ) Tj ET Q q 0 0 0 rg BT 169.53 718.10 Td (under ) Tj ET Q q 0 0 0 rg BT 194.80 718.10 Td (Bonds ) Tj ET Q q 0 0 0 rg BT 231.74 718.10 Td (below) Tj ET Q q 0 0 0 rg BT 255.53 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 260.53 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.81 718.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 292.19 718.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 316.90 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.44 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 336.85 718.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 354.89 718.10 Td (Loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 694.10 Td (At ) Tj ET Q q 0 0 0 rg BT 102.68 694.10 Td (March ) Tj ET Q q 0 0 0 rg BT 131.46 694.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 146.64 694.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 169.32 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.44 694.10 Td (at ) Tj ET Q q 0 0 0 rg BT 196.34 694.10 Td (December ) Tj ET Q q 0 0 0 rg BT 240.10 694.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 255.28 694.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 277.96 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.86 694.10 Td (RCF ) Tj ET Q q 0 0 0 rg BT 314.44 694.10 Td (was ) Tj ET Q q 0 0 0 rg BT 332.68 694.10 Td (undrawn. ) Tj ET Q q 0 0 0 rg BT 372.85 694.10 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 411.63 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.64 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.53 694.10 Td (RCF ) Tj ET Q q 0 0 0 rg BT 459.12 694.10 Td (may ) Tj ET Q q 0 0 0 rg BT 479.01 694.10 Td (be ) Tj ET Q q 0 0 0 rg BT 491.13 694.10 Td (used ) Tj ET Q q 0 0 0 rg BT 512.14 694.10 Td (from ) Tj ET Q q 0 0 0 rg BT 534.26 694.10 Td (time ) Tj ET Q q 0 0 0 rg BT 554.72 694.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 682.10 Td (time ) Tj ET Q q 0 0 0 rg BT 74.51 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 88.91 682.10 Td (general ) Tj ET Q q 0 0 0 rg BT 121.07 682.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 161.56 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.73 682.10 Td (working ) Tj ET Q q 0 0 0 rg BT 214.80 682.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 244.19 682.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 282.48 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.54 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.50 682.10 Td (Group. ) Tj ET Q q 0 0 0 rg BT 339.09 682.10 Td (The ) Tj ET Q q 0 0 0 rg BT 357.37 682.10 Td (RCF ) Tj ET Q q 0 0 0 rg BT 379.01 682.10 Td (has ) Tj ET Q q 0 0 0 rg BT 395.08 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 402.25 682.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 438.87 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.94 682.10 Td (five ) Tj ET Q q 0 0 0 rg BT 468.22 682.10 Td (years ) Tj ET Q q 0 0 0 rg BT 492.06 682.10 Td (from ) Tj ET Q q 0 0 0 rg BT 514.23 682.10 Td (inception ) Tj ET Q q 0 0 0 rg BT 554.18 682.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.72 670.10 Td (Facility) Tj ET Q q 0 0 0 rg BT 98.62 670.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 658.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 646.10 Td (Bonds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 624.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 624.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 112.50 624.10 Td (Bond) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 600.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 600.10 Td (On ) Tj ET Q q 0 0 0 rg BT 104.36 600.10 Td (March ) Tj ET Q q 0 0 0 rg BT 132.60 600.10 Td (16, ) Tj ET Q q 0 0 0 rg BT 147.24 600.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 171.88 600.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.24 600.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 227.26 600.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 254.40 600.10 Td (1.5 ) Tj ET Q q 0 0 0 rg BT 269.04 600.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 300.61 600.10 Td (coupon ) Tj ET Q q 0 0 0 rg BT 332.19 600.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 355.44 600.10 Td (due ) Tj ET Q q 0 0 0 rg BT 372.01 600.10 Td (March ) Tj ET Q q 0 0 0 rg BT 400.25 600.10 Td (2023, ) Tj ET Q q 0 0 0 rg BT 424.89 600.10 Td (having ) Tj ET Q q 0 0 0 rg BT 454.25 600.10 Td (a ) Tj ET Q q 0 0 0 rg BT 460.83 600.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 498.51 600.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.98 600.10 Td (500 ) Tj ET Q q 0 0 0 rg BT 531.12 600.10 Td (million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 588.10 Td (The ) Tj ET Q q 0 0 0 rg BT 71.94 588.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 94.33 588.10 Td (was ) Tj ET Q q 0 0 0 rg BT 112.28 588.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 139.67 588.10 Td (at ) Tj ET Q q 0 0 0 rg BT 149.28 588.10 Td (a ) Tj ET Q q 0 0 0 rg BT 156.11 588.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 192.39 588.10 Td (for ) Tj ET Q q 0 0 0 rg BT 206.44 588.10 Td (an ) Tj ET Q q 0 0 0 rg BT 218.27 588.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 240.67 588.10 Td (price ) Tj ET Q q 0 0 0 rg BT 263.04 588.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.77 588.10 Td (98.977 ) Tj ET Q q 0 0 0 rg BT 303.66 588.10 Td (percent, ) Tj ET Q q 0 0 0 rg BT 337.97 588.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 375.36 588.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.53 588.10 Td (net ) Tj ET Q q 0 0 0 rg BT 400.14 588.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 438.07 588.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.79 588.10 Td (490.7 ) Tj ET Q q 0 0 0 rg BT 478.69 588.10 Td (million ) Tj ET Q q 0 0 0 rg BT 509.97 588.10 Td (after ) Tj ET Q q 0 0 0 rg BT 530.68 588.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.29 588.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 576.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 90.43 576.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.41 576.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 143.83 576.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 168.69 576.10 Td (The ) Tj ET Q q 0 0 0 rg BT 186.78 576.10 Td (net ) Tj ET Q q 0 0 0 rg BT 201.55 576.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 239.63 576.10 Td (were ) Tj ET Q q 0 0 0 rg BT 261.60 576.10 Td (used, ) Tj ET Q q 0 0 0 rg BT 284.97 576.10 Td (together ) Tj ET Q q 0 0 0 rg BT 320.28 576.10 Td (with ) Tj ET Q q 0 0 0 rg BT 340.60 576.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 383.14 576.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 403.45 576.10 Td (held ) Tj ET Q q 0 0 0 rg BT 423.21 576.10 Td (by ) Tj ET Q q 0 0 0 rg BT 435.75 576.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.52 576.10 Td (Company) Tj ET Q q 0 0 0 rg BT 488.75 576.10 Td (, ) Tj ET Q q 0 0 0 rg BT 493.80 576.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.12 576.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 525.55 576.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 550.30 576.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 564.10 Td (500 ) Tj ET Q q 0 0 0 rg BT 76.06 564.10 Td (million ) Tj ET Q q 0 0 0 rg BT 107.01 564.10 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 136.28 564.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 158.89 564.10 Td (under ) Tj ET Q q 0 0 0 rg BT 183.71 564.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.99 564.10 Td (Facility) Tj ET Q q 0 0 0 rg BT 227.89 564.10 Td (. ) Tj ET Q q 0 0 0 rg BT 232.30 564.10 Td (The ) Tj ET Q q 0 0 0 rg BT 249.91 564.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 271.96 564.10 Td (is ) Tj ET Q q 0 0 0 rg BT 280.69 564.10 Td (unrated ) Tj ET Q q 0 0 0 rg BT 312.74 564.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.23 564.10 Td (was ) Tj ET Q q 0 0 0 rg BT 346.84 564.10 Td (admitted ) Tj ET Q q 0 0 0 rg BT 383.89 564.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.73 564.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 424.11 564.10 Td (on ) Tj ET Q q 0 0 0 rg BT 436.17 564.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.44 564.10 Td (regulated ) Tj ET Q q 0 0 0 rg BT 489.70 564.10 Td (market ) Tj ET Q q 0 0 0 rg BT 519.52 564.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.91 564.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.19 564.10 Td (Irish ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 552.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 79.10 552.10 Td (Exchange. ) Tj ET Q q 0 0 0 rg BT 123.18 552.10 Td (The ) Tj ET Q q 0 0 0 rg BT 141.05 552.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 173.37 552.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 222.36 552.10 Td (at ) Tj ET Q q 0 0 0 rg BT 231.90 552.10 Td (March ) Tj ET Q q 0 0 0 rg BT 260.33 552.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 275.15 552.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 297.47 552.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.13 552.10 Td (493.6 ) Tj ET Q q 0 0 0 rg BT 337.95 552.10 Td (million ) Tj ET Q q 0 0 0 rg BT 369.17 552.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 404.82 552.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 438.23 552.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 469.98 552.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.64 552.10 Td (0.3 ) Tj ET Q q 0 0 0 rg BT 500.46 552.10 Td (million ) Tj ET Q q 0 0 0 rg BT 531.68 552.10 Td (\(498.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 540.10 Td (million ) Tj ET Q q 0 0 0 rg BT 85.39 540.10 Td (including ) Tj ET Q q 0 0 0 rg BT 125.67 540.10 Td (5.9 ) Tj ET Q q 0 0 0 rg BT 145.67 540.10 Td (million ) Tj ET Q q 0 0 0 rg BT 177.06 540.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.89 540.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 221.47 540.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 253.40 540.10 Td (at ) Tj ET Q q 0 0 0 rg BT 263.12 540.10 Td (December ) Tj ET Q q 0 0 0 rg BT 306.71 540.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 321.71 540.10 Td (2017\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 516.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 516.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 112.50 516.10 Td (Bond) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 492.10 Td (On ) Tj ET Q q 0 0 0 rg BT 104.77 492.10 Td (November ) Tj ET Q q 0 0 0 rg BT 149.53 492.10 Td (16, ) Tj ET Q q 0 0 0 rg BT 164.59 492.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 189.64 492.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.41 492.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 245.85 492.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 273.40 492.10 Td (0.25 ) Tj ET Q q 0 0 0 rg BT 293.45 492.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 325.43 492.10 Td (coupon ) Tj ET Q q 0 0 0 rg BT 357.42 492.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 381.08 492.10 Td (due ) Tj ET Q q 0 0 0 rg BT 398.07 492.10 Td (January ) Tj ET Q q 0 0 0 rg BT 431.73 492.10 Td (2021, ) Tj ET Q q 0 0 0 rg BT 456.78 492.10 Td (having ) Tj ET Q q 0 0 0 rg BT 486.55 492.10 Td (a ) Tj ET Q q 0 0 0 rg BT 493.54 492.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 531.63 492.10 Td (of ) Tj ET Q q 0 0 0 rg BT 542.52 492.10 Td (700 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 480.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 87.64 480.10 Td (The ) Tj ET Q q 0 0 0 rg BT 105.60 480.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 128.03 480.10 Td (was ) Tj ET Q q 0 0 0 rg BT 146.00 480.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 173.42 480.10 Td (at ) Tj ET Q q 0 0 0 rg BT 183.06 480.10 Td (a ) Tj ET Q q 0 0 0 rg BT 189.92 480.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 226.22 480.10 Td (for ) Tj ET Q q 0 0 0 rg BT 240.31 480.10 Td (an ) Tj ET Q q 0 0 0 rg BT 252.16 480.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 274.59 480.10 Td (price ) Tj ET Q q 0 0 0 rg BT 296.99 480.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.74 480.10 Td (99.557 ) Tj ET Q q 0 0 0 rg BT 337.66 480.10 Td (percent, ) Tj ET Q q 0 0 0 rg BT 372.01 480.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 409.42 480.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.62 480.10 Td (net ) Tj ET Q q 0 0 0 rg BT 434.26 480.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 472.22 480.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.97 480.10 Td (694.2 ) Tj ET Q q 0 0 0 rg BT 512.89 480.10 Td (million ) Tj ET Q q 0 0 0 rg BT 544.20 480.10 Td (after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 468.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.41 468.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 87.81 468.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 123.89 468.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.52 468.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 176.59 468.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 201.12 468.10 Td (The ) Tj ET Q q 0 0 0 rg BT 218.85 468.10 Td (net ) Tj ET Q q 0 0 0 rg BT 233.26 468.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 270.99 468.10 Td (were ) Tj ET Q q 0 0 0 rg BT 292.61 468.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 332.01 468.10 Td (used ) Tj ET Q q 0 0 0 rg BT 352.53 468.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.50 468.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 386.89 468.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.14 468.10 Td (T) Tj ET Q q 0 0 0 rg BT 406.55 468.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 424.29 468.10 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 449.37 468.10 Td (The ) Tj ET Q q 0 0 0 rg BT 467.10 468.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 489.29 468.10 Td (is ) Tj ET Q q 0 0 0 rg BT 498.15 468.10 Td (unrated ) Tj ET Q q 0 0 0 rg BT 530.33 468.10 Td (and ) Tj ET Q q 0 0 0 rg BT 546.96 468.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 456.10 Td (admitted ) Tj ET Q q 0 0 0 rg BT 91.64 456.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.07 456.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 133.04 456.10 Td (on ) Tj ET Q q 0 0 0 rg BT 145.69 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.56 456.10 Td (regulated ) Tj ET Q q 0 0 0 rg BT 200.41 456.10 Td (market ) Tj ET Q q 0 0 0 rg BT 230.82 456.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.80 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.66 456.10 Td (Irish ) Tj ET Q q 0 0 0 rg BT 277.64 456.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 303.07 456.10 Td (Exchange. ) Tj ET Q q 0 0 0 rg BT 347.45 456.10 Td (The ) Tj ET Q q 0 0 0 rg BT 365.65 456.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 398.29 456.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 447.60 456.10 Td (at ) Tj ET Q q 0 0 0 rg BT 457.47 456.10 Td (March ) Tj ET Q q 0 0 0 rg BT 486.22 456.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 501.37 456.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 524.02 456.10 Td (of ) Tj ET Q q 0 0 0 rg BT 535.00 456.10 Td (695.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 444.10 Td (million ) Tj ET Q q 0 0 0 rg BT 84.65 444.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 119.74 444.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 152.58 444.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 183.78 444.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.87 444.10 Td (0.4 ) Tj ET Q q 0 0 0 rg BT 213.13 444.10 Td (million ) Tj ET Q q 0 0 0 rg BT 243.78 444.10 Td (\(694.6 ) Tj ET Q q 0 0 0 rg BT 276.37 444.10 Td (million ) Tj ET Q q 0 0 0 rg BT 307.02 444.10 Td (including ) Tj ET Q q 0 0 0 rg BT 346.55 444.10 Td (0.2 ) Tj ET Q q 0 0 0 rg BT 365.81 444.10 Td (million ) Tj ET Q q 0 0 0 rg BT 396.47 444.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.56 444.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 439.40 444.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 470.59 444.10 Td (at ) Tj ET Q q 0 0 0 rg BT 479.57 444.10 Td (December ) Tj ET Q q 0 0 0 rg BT 522.42 444.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 536.68 444.10 Td (2017\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 408.10 Td (Securitizations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 386.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 386.10 Td (Starting ) Tj ET Q q 0 0 0 rg BT 123.39 386.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.90 386.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 157.12 386.10 Td (FFS ) Tj ET Q q 0 0 0 rg BT 175.53 386.10 Td (Inc ) Tj ET Q q 0 0 0 rg BT 190.03 386.10 Td (has ) Tj ET Q q 0 0 0 rg BT 205.08 386.10 Td (pursued ) Tj ET Q q 0 0 0 rg BT 238.47 386.10 Td (a ) Tj ET Q q 0 0 0 rg BT 244.63 386.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 278.02 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.07 386.10 Td (self-financing, ) Tj ET Q q 0 0 0 rg BT 347.83 386.10 Td (further ) Tj ET Q q 0 0 0 rg BT 376.76 386.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 413.47 386.10 Td (dependency ) Tj ET Q q 0 0 0 rg BT 462.95 386.10 Td (on ) Tj ET Q q 0 0 0 rg BT 474.68 386.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 531.39 386.10 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 374.10 Td (and ) Tj ET Q q 0 0 0 rg BT 70.94 374.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 114.53 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.25 374.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 160.64 374.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.47 374.10 Td (self-liquidating ) Tj ET Q q 0 0 0 rg BT 235.06 374.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 254.78 374.10 Td (with ) Tj ET Q q 0 0 0 rg BT 275.06 374.10 Td (various ) Tj ET Q q 0 0 0 rg BT 307.00 374.10 Td (securitization ) Tj ET Q q 0 0 0 rg BT 363.37 374.10 Td (transactions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 344.70 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 344.70 Td (On ) Tj ET Q q 0 0 0 rg BT 105.46 344.70 Td (January ) Tj ET Q q 0 0 0 rg BT 139.79 344.70 Td (19, ) Tj ET Q q 0 0 0 rg BT 155.53 344.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 181.27 344.70 Td (FFS ) Tj ET Q q 0 0 0 rg BT 201.19 344.70 Td (Inc ) Tj ET Q q 0 0 0 rg BT 217.19 344.70 Td (entered ) Tj ET Q q 0 0 0 rg BT 249.85 344.70 Td (into ) Tj ET Q q 0 0 0 rg BT 268.64 344.70 Td (a ) Tj ET Q q 0 0 0 rg BT 276.32 344.70 Td (revolving ) Tj ET Q q 0 0 0 rg BT 317.88 344.70 Td (securitization ) Tj ET Q q 0 0 0 rg BT 374.98 344.70 Td (program ) Tj ET Q q 0 0 0 rg BT 412.10 344.70 Td (for ) Tj ET Q q 0 0 0 rg BT 426.99 344.70 Td (funding ) Tj ET Q q 0 0 0 rg BT 461.34 344.70 Td (of ) Tj ET Q q 0 0 0 rg BT 472.91 344.70 Td (up ) Tj ET Q q 0 0 0 rg BT 486.14 344.70 Td (to ) Tj ET Q q 0 0 0 rg BT 497.16 344.70 Td ($250 ) Tj ET Q q 0 0 0 rg BT 520.39 344.70 Td (million ) Tj ET Q q 0 0 0 rg BT 552.52 344.70 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 332.70 Td (pledging ) Tj ET Q q 0 0 0 rg BT 90.89 332.70 Td (retail ) Tj ET Q q 0 0 0 rg BT 113.32 332.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.19 332.70 Td (receivables ) Tj ET Q q 0 0 0 rg BT 197.05 332.70 Td (in ) Tj ET Q q 0 0 0 rg BT 206.72 332.70 Td (the ) Tj ET Q q 0 0 0 rg BT 220.83 332.70 Td (United ) Tj ET Q q 0 0 0 rg BT 249.94 332.70 Td (States ) Tj ET Q q 0 0 0 rg BT 275.72 332.70 Td (as ) Tj ET Q q 0 0 0 rg BT 285.94 332.70 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 327.53 332.70 Td (In ) Tj ET Q q 0 0 0 rg BT 337.75 332.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 362.14 332.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 399.57 332.70 Td (from ) Tj ET Q q 0 0 0 rg BT 420.90 332.70 Td (the ) Tj ET Q q 0 0 0 rg BT 435.00 332.70 Td (first ) Tj ET Q q 0 0 0 rg BT 453.00 332.70 Td (sale ) Tj ET Q q 0 0 0 rg BT 470.44 332.70 Td (of ) Tj ET Q q 0 0 0 rg BT 480.66 332.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 517.53 332.70 Td (receivables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 320.70 Td (were ) Tj ET Q q 0 0 0 rg BT 75.34 320.70 Td ($242 ) Tj ET Q q 0 0 0 rg BT 97.25 320.70 Td (million ) Tj ET Q q 0 0 0 rg BT 128.05 320.70 Td (and ) Tj ET Q q 0 0 0 rg BT 144.40 320.70 Td (were ) Tj ET Q q 0 0 0 rg BT 165.73 320.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 204.85 320.70 Td (used ) Tj ET Q q 0 0 0 rg BT 225.09 320.70 Td (to ) Tj ET Q q 0 0 0 rg BT 234.78 320.70 Td (repay ) Tj ET Q q 0 0 0 rg BT 258.90 320.70 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 315.79 320.70 Td (loans. ) Tj ET Q q 0 0 0 rg BT 341.17 320.70 Td (The ) Tj ET Q q 0 0 0 rg BT 358.62 320.70 Td (funding ) Tj ET Q q 0 0 0 rg BT 391.64 320.70 Td (limit ) Tj ET Q q 0 0 0 rg BT 412.44 320.70 Td (of ) Tj ET Q q 0 0 0 rg BT 422.68 320.70 Td (the ) Tj ET Q q 0 0 0 rg BT 436.81 320.70 Td (program ) Tj ET Q q 0 0 0 rg BT 472.59 320.70 Td (has ) Tj ET Q q 0 0 0 rg BT 487.83 320.70 Td (been ) Tj ET Q q 0 0 0 rg BT 508.62 320.70 Td (progressively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 308.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 94.95 308.70 Td (over ) Tj ET Q q 0 0 0 rg BT 115.92 308.70 Td (time, ) Tj ET Q q 0 0 0 rg BT 139.39 308.70 Td (including ) Tj ET Q q 0 0 0 rg BT 180.36 308.70 Td (to ) Tj ET Q q 0 0 0 rg BT 191.34 308.70 Td ($275 ) Tj ET Q q 0 0 0 rg BT 214.54 308.70 Td (million ) Tj ET Q q 0 0 0 rg BT 246.63 308.70 Td (on ) Tj ET Q q 0 0 0 rg BT 259.83 308.70 Td (December ) Tj ET Q q 0 0 0 rg BT 304.11 308.70 Td (16, ) Tj ET Q q 0 0 0 rg BT 319.81 308.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 345.50 308.70 Td (to ) Tj ET Q q 0 0 0 rg BT 356.48 308.70 Td ($325 ) Tj ET Q q 0 0 0 rg BT 379.68 308.70 Td (million ) Tj ET Q q 0 0 0 rg BT 411.77 308.70 Td (on ) Tj ET Q q 0 0 0 rg BT 424.97 308.70 Td (July ) Tj ET Q q 0 0 0 rg BT 444.83 308.70 Td (14, ) Tj ET Q q 0 0 0 rg BT 460.53 308.70 Td (2017, ) Tj ET Q q 0 0 0 rg BT 486.23 308.70 Td (to ) Tj ET Q q 0 0 0 rg BT 497.21 308.70 Td ($350 ) Tj ET Q q 0 0 0 rg BT 520.41 308.70 Td (million ) Tj ET Q q 0 0 0 rg BT 552.50 308.70 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 296.70 Td (December ) Tj ET Q q 0 0 0 rg BT 97.69 296.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 112.80 296.70 Td (2017, ) Tj ET Q q 0 0 0 rg BT 137.91 296.70 Td (and ) Tj ET Q q 0 0 0 rg BT 154.95 296.70 Td (to ) Tj ET Q q 0 0 0 rg BT 165.34 296.70 Td ($375 ) Tj ET Q q 0 0 0 rg BT 187.95 296.70 Td (million ) Tj ET Q q 0 0 0 rg BT 219.44 296.70 Td (on ) Tj ET Q q 0 0 0 rg BT 232.05 296.70 Td (March ) Tj ET Q q 0 0 0 rg BT 260.76 296.70 Td (14, ) Tj ET Q q 0 0 0 rg BT 275.87 296.70 Td (2018. ) Tj ET Q q 0 0 0 rg BT 300.78 296.70 Td (The ) Tj ET Q q 0 0 0 rg BT 318.94 296.70 Td (notes ) Tj ET Q q 0 0 0 rg BT 342.65 296.70 Td (bear ) Tj ET Q q 0 0 0 rg BT 362.47 296.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 394.51 296.70 Td (at ) Tj ET Q q 0 0 0 rg BT 404.33 296.70 Td (a ) Tj ET Q q 0 0 0 rg BT 411.38 296.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 428.97 296.70 Td (per ) Tj ET Q q 0 0 0 rg BT 444.35 296.70 Td (annum ) Tj ET Q q 0 0 0 rg BT 474.17 296.70 Td (equal ) Tj ET Q q 0 0 0 rg BT 498.44 296.70 Td (to ) Tj ET Q q 0 0 0 rg BT 508.82 296.70 Td (the ) Tj ET Q q 0 0 0 rg BT 523.65 296.70 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 284.70 Td (of ) Tj ET Q q 0 0 0 rg BT 64.94 284.70 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 97.54 284.70 Td (plus ) Tj ET Q q 0 0 0 rg BT 116.82 284.70 Td (a ) Tj ET Q q 0 0 0 rg BT 123.86 284.70 Td (mar) Tj ET Q q 0 0 0 rg BT 139.23 284.70 Td (gin ) Tj ET Q q 0 0 0 rg BT 154.62 284.70 Td (of ) Tj ET Q q 0 0 0 rg BT 165.55 284.70 Td (65 ) Tj ET Q q 0 0 0 rg BT 178.16 284.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 200.76 284.70 Td (points. ) Tj ET Q q 0 0 0 rg BT 230.32 284.70 Td ( ) Tj ET Q q 0 0 0 rg BT 232.35 284.70 Td (At ) Tj ET Q q 0 0 0 rg BT 244.96 284.70 Td (March ) Tj ET Q q 0 0 0 rg BT 273.66 284.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 288.77 284.70 Td (2018 ) Tj ET Q q 0 0 0 rg BT 311.37 284.70 Td (total ) Tj ET Q q 0 0 0 rg BT 331.75 284.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 369.90 284.70 Td (from ) Tj ET Q q 0 0 0 rg BT 391.94 284.70 Td (the ) Tj ET Q q 0 0 0 rg BT 406.77 284.70 Td (sales ) Tj ET Q q 0 0 0 rg BT 428.81 284.70 Td (of ) Tj ET Q q 0 0 0 rg BT 439.75 284.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 477.33 284.70 Td (receivables ) Tj ET Q q 0 0 0 rg BT 524.91 284.70 Td (under ) Tj ET Q q 0 0 0 rg BT 550.29 284.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 272.70 Td (program ) Tj ET Q q 0 0 0 rg BT 90.46 272.70 Td (were ) Tj ET Q q 0 0 0 rg BT 112.47 272.70 Td ($368 ) Tj ET Q q 0 0 0 rg BT 135.05 272.70 Td (million ) Tj ET Q q 0 0 0 rg BT 166.52 272.70 Td (\($325 ) Tj ET Q q 0 0 0 rg BT 192.43 272.70 Td (million ) Tj ET Q q 0 0 0 rg BT 223.90 272.70 Td (at ) Tj ET Q q 0 0 0 rg BT 233.70 272.70 Td (December ) Tj ET Q q 0 0 0 rg BT 277.36 272.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 292.44 272.70 Td (2017\). ) Tj ET Q q 0 0 0 rg BT 320.67 272.70 Td (The ) Tj ET Q q 0 0 0 rg BT 338.80 272.70 Td (securitization ) Tj ET Q q 0 0 0 rg BT 395.24 272.70 Td (agreement ) Tj ET Q q 0 0 0 rg BT 439.47 272.70 Td (requires ) Tj ET Q q 0 0 0 rg BT 474.25 272.70 Td (the ) Tj ET Q q 0 0 0 rg BT 489.05 272.70 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 542.16 272.70 Td (of ) Tj ET Q q 0 0 0 rg BT 553.07 272.70 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 260.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 85.93 260.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 103.42 260.70 Td (cap.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 236.70 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 236.70 Td (On ) Tj ET Q q 0 0 0 rg BT 105.40 236.70 Td (October ) Tj ET Q q 0 0 0 rg BT 140.78 236.70 Td (20, ) Tj ET Q q 0 0 0 rg BT 156.46 236.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 182.14 236.70 Td (FFS ) Tj ET Q q 0 0 0 rg BT 202.00 236.70 Td (Inc ) Tj ET Q q 0 0 0 rg BT 217.95 236.70 Td (entered ) Tj ET Q q 0 0 0 rg BT 250.55 236.70 Td (into ) Tj ET Q q 0 0 0 rg BT 269.28 236.70 Td (a ) Tj ET Q q 0 0 0 rg BT 276.90 236.70 Td (revolving ) Tj ET Q q 0 0 0 rg BT 318.40 236.70 Td (securitization ) Tj ET Q q 0 0 0 rg BT 375.45 236.70 Td (program ) Tj ET Q q 0 0 0 rg BT 412.50 236.70 Td (for ) Tj ET Q q 0 0 0 rg BT 427.34 236.70 Td (funding ) Tj ET Q q 0 0 0 rg BT 461.63 236.70 Td (of ) Tj ET Q q 0 0 0 rg BT 473.13 236.70 Td (up ) Tj ET Q q 0 0 0 rg BT 486.31 236.70 Td (to ) Tj ET Q q 0 0 0 rg BT 497.27 236.70 Td ($200 ) Tj ET Q q 0 0 0 rg BT 520.45 236.70 Td (million ) Tj ET Q q 0 0 0 rg BT 552.52 236.70 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 224.70 Td (pledging ) Tj ET Q q 0 0 0 rg BT 90.48 224.70 Td (leasing ) Tj ET Q q 0 0 0 rg BT 120.28 224.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 156.75 224.70 Td (receivables ) Tj ET Q q 0 0 0 rg BT 203.20 224.70 Td (in ) Tj ET Q q 0 0 0 rg BT 212.46 224.70 Td (the ) Tj ET Q q 0 0 0 rg BT 226.16 224.70 Td (United ) Tj ET Q q 0 0 0 rg BT 254.86 224.70 Td (States ) Tj ET Q q 0 0 0 rg BT 280.23 224.70 Td (as ) Tj ET Q q 0 0 0 rg BT 290.04 224.70 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 331.22 224.70 Td (In ) Tj ET Q q 0 0 0 rg BT 341.03 224.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 365.01 224.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 402.03 224.70 Td (from ) Tj ET Q q 0 0 0 rg BT 422.95 224.70 Td (the ) Tj ET Q q 0 0 0 rg BT 436.65 224.70 Td (first ) Tj ET Q q 0 0 0 rg BT 454.24 224.70 Td (sale ) Tj ET Q q 0 0 0 rg BT 471.27 224.70 Td (of ) Tj ET Q q 0 0 0 rg BT 481.08 224.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 517.54 224.70 Td (receivables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 212.70 Td (were ) Tj ET Q q 0 0 0 rg BT 76.05 212.70 Td ($175 ) Tj ET Q q 0 0 0 rg BT 98.67 212.70 Td (million ) Tj ET Q q 0 0 0 rg BT 130.18 212.70 Td (and ) Tj ET Q q 0 0 0 rg BT 147.23 212.70 Td (were ) Tj ET Q q 0 0 0 rg BT 169.28 212.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 209.11 212.70 Td (used ) Tj ET Q q 0 0 0 rg BT 230.06 212.70 Td (to ) Tj ET Q q 0 0 0 rg BT 240.46 212.70 Td (repay ) Tj ET Q q 0 0 0 rg BT 265.28 212.70 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 285.68 212.70 Td (Dollar ) Tj ET Q q 0 0 0 rg BT 313.85 212.70 Td (denominated ) Tj ET Q q 0 0 0 rg BT 368.12 212.70 Td (bank ) Tj ET Q q 0 0 0 rg BT 390.18 212.70 Td (borrowings. ) Tj ET Q q 0 0 0 rg BT 440.85 212.70 Td (On ) Tj ET Q q 0 0 0 rg BT 455.11 212.70 Td (April ) Tj ET Q q 0 0 0 rg BT 478.84 212.70 Td (21, ) Tj ET Q q 0 0 0 rg BT 493.95 212.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 516.57 212.70 Td (the ) Tj ET Q q 0 0 0 rg BT 531.41 212.70 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 200.70 Td (limit ) Tj ET Q q 0 0 0 rg BT 76.49 200.70 Td (of ) Tj ET Q q 0 0 0 rg BT 88.42 200.70 Td (the ) Tj ET Q q 0 0 0 rg BT 104.23 200.70 Td (program ) Tj ET Q q 0 0 0 rg BT 141.71 200.70 Td (was ) Tj ET Q q 0 0 0 rg BT 160.86 200.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 202.21 200.70 Td (to ) Tj ET Q q 0 0 0 rg BT 213.59 200.70 Td ($225 ) Tj ET Q q 0 0 0 rg BT 237.19 200.70 Td (million ) Tj ET Q q 0 0 0 rg BT 269.68 200.70 Td (and ) Tj ET Q q 0 0 0 rg BT 287.72 200.70 Td (this ) Tj ET Q q 0 0 0 rg BT 305.76 200.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 339.36 200.70 Td (remained ) Tj ET Q q 0 0 0 rg BT 380.16 200.70 Td (unchanged ) Tj ET Q q 0 0 0 rg BT 427.07 200.70 Td (in ) Tj ET Q q 0 0 0 rg BT 438.45 200.70 Td (the ) Tj ET Q q 0 0 0 rg BT 454.26 200.70 Td (renewal ) Tj ET Q q 0 0 0 rg BT 489.51 200.70 Td (of ) Tj ET Q q 0 0 0 rg BT 501.44 200.70 Td (the ) Tj ET Q q 0 0 0 rg BT 517.25 200.70 Td (program ) Tj ET Q q 0 0 0 rg BT 554.73 200.70 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 188.70 Td (September ) Tj ET Q q 0 0 0 rg BT 99.38 188.70 Td (2017. ) Tj ET Q q 0 0 0 rg BT 124.30 188.70 Td (The ) Tj ET Q q 0 0 0 rg BT 142.47 188.70 Td (notes ) Tj ET Q q 0 0 0 rg BT 166.19 188.70 Td (bear ) Tj ET Q q 0 0 0 rg BT 186.01 188.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 218.06 188.70 Td (at ) Tj ET Q q 0 0 0 rg BT 227.89 188.70 Td (a ) Tj ET Q q 0 0 0 rg BT 234.94 188.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 252.54 188.70 Td (per ) Tj ET Q q 0 0 0 rg BT 267.93 188.70 Td (annum ) Tj ET Q q 0 0 0 rg BT 297.76 188.70 Td (equal ) Tj ET Q q 0 0 0 rg BT 322.03 188.70 Td (to ) Tj ET Q q 0 0 0 rg BT 332.42 188.70 Td (the ) Tj ET Q q 0 0 0 rg BT 347.25 188.70 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 388.73 188.70 Td (of ) Tj ET Q q 0 0 0 rg BT 399.68 188.70 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 432.29 188.70 Td (plus ) Tj ET Q q 0 0 0 rg BT 451.57 188.70 Td (a ) Tj ET Q q 0 0 0 rg BT 458.63 188.70 Td (mar) Tj ET Q q 0 0 0 rg BT 473.99 188.70 Td (gin ) Tj ET Q q 0 0 0 rg BT 489.39 188.70 Td (of ) Tj ET Q q 0 0 0 rg BT 500.33 188.70 Td (65 ) Tj ET Q q 0 0 0 rg BT 512.95 188.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 535.56 188.70 Td (points. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 176.70 Td (At ) Tj ET Q q 0 0 0 rg BT 66.40 176.70 Td (March ) Tj ET Q q 0 0 0 rg BT 94.91 176.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 109.81 176.70 Td (2018, ) Tj ET Q q 0 0 0 rg BT 134.72 176.70 Td (total ) Tj ET Q q 0 0 0 rg BT 154.90 176.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 192.84 176.70 Td (from ) Tj ET Q q 0 0 0 rg BT 214.68 176.70 Td (the ) Tj ET Q q 0 0 0 rg BT 229.30 176.70 Td (sales ) Tj ET Q q 0 0 0 rg BT 251.15 176.70 Td (of ) Tj ET Q q 0 0 0 rg BT 261.88 176.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 299.27 176.70 Td (receivables ) Tj ET Q q 0 0 0 rg BT 346.64 176.70 Td (under ) Tj ET Q q 0 0 0 rg BT 371.81 176.70 Td (the ) Tj ET Q q 0 0 0 rg BT 386.44 176.70 Td (program ) Tj ET Q q 0 0 0 rg BT 422.72 176.70 Td (were ) Tj ET Q q 0 0 0 rg BT 444.55 176.70 Td ($219 ) Tj ET Q q 0 0 0 rg BT 466.96 176.70 Td (million ) Tj ET Q q 0 0 0 rg BT 498.25 176.70 Td (\($222 ) Tj ET Q q 0 0 0 rg BT 523.99 176.70 Td (million ) Tj ET Q q 0 0 0 rg BT 555.28 176.70 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 164.70 Td (December ) Tj ET Q q 0 0 0 rg BT 97.58 164.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 112.58 164.70 Td (2017\).The ) Tj ET Q q 0 0 0 rg BT 156.46 164.70 Td (securitization ) Tj ET Q q 0 0 0 rg BT 212.83 164.70 Td (agreement ) Tj ET Q q 0 0 0 rg BT 256.97 164.70 Td (requires ) Tj ET Q q 0 0 0 rg BT 291.68 164.70 Td (the ) Tj ET Q q 0 0 0 rg BT 306.39 164.70 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 359.42 164.70 Td (of ) Tj ET Q q 0 0 0 rg BT 370.25 164.70 Td (an ) Tj ET Q q 0 0 0 rg BT 382.19 164.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 414.12 164.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 431.61 164.70 Td (cap.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 135.30 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 135.30 Td (On ) Tj ET Q q 0 0 0 rg BT 104.93 135.30 Td (December ) Tj ET Q q 0 0 0 rg BT 148.73 135.30 Td (28, ) Tj ET Q q 0 0 0 rg BT 163.94 135.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 189.15 135.30 Td (FFS ) Tj ET Q q 0 0 0 rg BT 208.54 135.30 Td (Inc ) Tj ET Q q 0 0 0 rg BT 224.02 135.30 Td (entered ) Tj ET Q q 0 0 0 rg BT 256.15 135.30 Td (into ) Tj ET Q q 0 0 0 rg BT 274.42 135.30 Td (a ) Tj ET Q q 0 0 0 rg BT 281.57 135.30 Td (revolving ) Tj ET Q q 0 0 0 rg BT 322.60 135.30 Td (securitization ) Tj ET Q q 0 0 0 rg BT 379.18 135.30 Td (program ) Tj ET Q q 0 0 0 rg BT 415.77 135.30 Td (for ) Tj ET Q q 0 0 0 rg BT 430.14 135.30 Td (funding ) Tj ET Q q 0 0 0 rg BT 463.96 135.30 Td (of ) Tj ET Q q 0 0 0 rg BT 475.00 135.30 Td (up ) Tj ET Q q 0 0 0 rg BT 487.71 135.30 Td (to ) Tj ET Q q 0 0 0 rg BT 498.19 135.30 Td ($120 ) Tj ET Q q 0 0 0 rg BT 520.90 135.30 Td (million ) Tj ET Q q 0 0 0 rg BT 552.50 135.30 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 123.30 Td (pledging ) Tj ET Q q 0 0 0 rg BT 91.79 123.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 117.35 123.30 Td (lines ) Tj ET Q q 0 0 0 rg BT 139.04 123.30 Td (to ) Tj ET Q q 0 0 0 rg BT 149.61 123.30 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 179.62 123.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 222.96 123.30 Td (secured ) Tj ET Q q 0 0 0 rg BT 256.29 123.30 Td (by ) Tj ET Q q 0 0 0 rg BT 269.09 123.30 Td (personal ) Tj ET Q q 0 0 0 rg BT 305.76 123.30 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 337.43 123.30 Td (collections ) Tj ET Q q 0 0 0 rg BT 383.55 123.30 Td (and ) Tj ET Q q 0 0 0 rg BT 400.79 123.30 Td (personal ) Tj ET Q q 0 0 0 rg BT 437.46 123.30 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 483.01 123.30 Td (in ) Tj ET Q q 0 0 0 rg BT 493.58 123.30 Td (the ) Tj ET Q q 0 0 0 rg BT 508.60 123.30 Td (United ) Tj ET Q q 0 0 0 rg BT 538.61 123.30 Td (States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 111.30 Td (as ) Tj ET Q q 0 0 0 rg BT 65.32 111.30 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 108.01 111.30 Td (In ) Tj ET Q q 0 0 0 rg BT 119.33 111.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 144.82 111.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 183.35 111.30 Td (from ) Tj ET Q q 0 0 0 rg BT 205.78 111.30 Td (the ) Tj ET Q q 0 0 0 rg BT 220.98 111.30 Td (first ) Tj ET Q q 0 0 0 rg BT 240.08 111.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 258.62 111.30 Td (of ) Tj ET Q q 0 0 0 rg BT 269.94 111.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 307.91 111.30 Td (receivables ) Tj ET Q q 0 0 0 rg BT 355.88 111.30 Td (were ) Tj ET Q q 0 0 0 rg BT 378.29 111.30 Td ($64 ) Tj ET Q q 0 0 0 rg BT 396.29 111.30 Td (million ) Tj ET Q q 0 0 0 rg BT 428.17 111.30 Td (and ) Tj ET Q q 0 0 0 rg BT 445.60 111.30 Td (were ) Tj ET Q q 0 0 0 rg BT 468.02 111.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 508.22 111.30 Td (used ) Tj ET Q q 0 0 0 rg BT 529.54 111.30 Td (to ) Tj ET Q q 0 0 0 rg BT 540.31 111.30 Td (repay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 99.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 74.37 99.30 Td (Dollar ) Tj ET Q q 0 0 0 rg BT 102.50 99.30 Td (denominated ) Tj ET Q q 0 0 0 rg BT 156.74 99.30 Td (bank ) Tj ET Q q 0 0 0 rg BT 178.77 99.30 Td (borrowings. ) Tj ET Q q 0 0 0 rg BT 229.41 99.30 Td (On ) Tj ET Q q 0 0 0 rg BT 244.21 99.30 Td (December ) Tj ET Q q 0 0 0 rg BT 287.88 99.30 Td (20, ) Tj ET Q q 0 0 0 rg BT 302.97 99.30 Td (2017, ) Tj ET Q q 0 0 0 rg BT 328.06 99.30 Td (the ) Tj ET Q q 0 0 0 rg BT 342.86 99.30 Td (funding ) Tj ET Q q 0 0 0 rg BT 376.56 99.30 Td (limit ) Tj ET Q q 0 0 0 rg BT 398.04 99.30 Td (was ) Tj ET Q q 0 0 0 rg BT 416.17 99.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 456.52 99.30 Td (to ) Tj ET Q q 0 0 0 rg BT 466.88 99.30 Td ($135 ) Tj ET Q q 0 0 0 rg BT 489.47 99.30 Td (million. ) Tj ET Q q 0 0 0 rg BT 523.26 99.30 Td (The ) Tj ET Q q 0 0 0 rg BT 541.39 99.30 Td (notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 87.30 Td (bear ) Tj ET Q q 0 0 0 rg BT 74.05 87.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 106.33 87.30 Td (at ) Tj ET Q q 0 0 0 rg BT 116.39 87.30 Td (a ) Tj ET Q q 0 0 0 rg BT 123.68 87.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 141.51 87.30 Td (per ) Tj ET Q q 0 0 0 rg BT 157.12 87.30 Td (annum ) Tj ET Q q 0 0 0 rg BT 187.19 87.30 Td (equal ) Tj ET Q q 0 0 0 rg BT 211.69 87.30 Td (to ) Tj ET Q q 0 0 0 rg BT 222.31 87.30 Td (the ) Tj ET Q q 0 0 0 rg BT 237.37 87.30 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 279.08 87.30 Td (of ) Tj ET Q q 0 0 0 rg BT 290.26 87.30 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 323.10 87.30 Td (plus ) Tj ET Q q 0 0 0 rg BT 342.62 87.30 Td (a ) Tj ET Q q 0 0 0 rg BT 349.90 87.30 Td (mar) Tj ET Q q 0 0 0 rg BT 365.27 87.30 Td (gin ) Tj ET Q q 0 0 0 rg BT 380.89 87.30 Td (of ) Tj ET Q q 0 0 0 rg BT 392.07 87.30 Td (120 ) Tj ET Q q 0 0 0 rg BT 409.92 87.30 Td (basis ) Tj ET Q q 0 0 0 rg BT 432.76 87.30 Td (points. ) Tj ET Q q 0 0 0 rg BT 462.55 87.30 Td ( ) Tj ET Q q 0 0 0 rg BT 464.77 87.30 Td (At ) Tj ET Q q 0 0 0 rg BT 477.62 87.30 Td (March ) Tj ET Q q 0 0 0 rg BT 506.56 87.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 521.91 87.30 Td (2018 ) Tj ET Q q 0 0 0 rg BT 544.75 87.30 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 75.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 91.78 75.30 Td (from ) Tj ET Q q 0 0 0 rg BT 113.45 75.30 Td (the ) Tj ET Q q 0 0 0 rg BT 127.91 75.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 149.59 75.30 Td (of ) Tj ET Q q 0 0 0 rg BT 160.15 75.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 197.37 75.30 Td (receivables ) Tj ET Q q 0 0 0 rg BT 244.58 75.30 Td (under ) Tj ET Q q 0 0 0 rg BT 269.59 75.30 Td (the ) Tj ET Q q 0 0 0 rg BT 284.05 75.30 Td (program ) Tj ET Q q 0 0 0 rg BT 320.16 75.30 Td (were ) Tj ET Q q 0 0 0 rg BT 341.83 75.30 Td ($1) Tj ET Q q 0 0 0 rg BT 351.46 75.30 Td (19 ) Tj ET Q q 0 0 0 rg BT 363.70 75.30 Td (million ) Tj ET Q q 0 0 0 rg BT 394.83 75.30 Td (\($120 ) Tj ET Q q 0 0 0 rg BT 420.40 75.30 Td (million ) Tj ET Q q 0 0 0 rg BT 451.53 75.30 Td (at ) Tj ET Q q 0 0 0 rg BT 460.98 75.30 Td (December ) Tj ET Q q 0 0 0 rg BT 504.31 75.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 519.04 75.30 Td (2017\). ) Tj ET Q q 0 0 0 rg BT 546.95 75.30 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 63.30 Td (securitization ) Tj ET Q q 0 0 0 rg BT 110.37 63.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 154.51 63.30 Td (does ) Tj ET Q q 0 0 0 rg BT 175.34 63.30 Td (not ) Tj ET Q q 0 0 0 rg BT 190.62 63.30 Td (require ) Tj ET Q q 0 0 0 rg BT 221.43 63.30 Td (an ) Tj ET Q q 0 0 0 rg BT 233.37 63.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 265.30 63.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 282.79 63.30 Td (cap.) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 30.20 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 742.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 112.25 742.10 Td (collected ) Tj ET Q q 0 0 0 rg BT 150.58 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 172.27 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.73 742.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 230.08 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.66 742.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 287.88 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 298.45 742.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 319.59 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.17 742.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 355.18 742.10 Td (pledged ) Tj ET Q q 0 0 0 rg BT 389.08 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 399.66 742.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 439.10 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 448.02 742.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 478.59 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.62 742.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 518.07 742.10 Td (restrictions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 730.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 94.88 730.10 Td (its ) Tj ET Q q 0 0 0 rg BT 106.90 730.10 Td (use ) Tj ET Q q 0 0 0 rg BT 122.80 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.80 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 149.04 730.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 194.93 730.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 226.93 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.27 730.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 262.05 730.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 300.16 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.16 730.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 349.16 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.06 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.85 730.10 Td (funding. ) Tj ET Q q 0 0 0 rg BT 411.02 730.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 433.59 730.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 453.92 730.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 495.93 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.27 730.10 Td (26 ) Tj ET Q q 0 0 0 rg BT 523.84 730.10 Td (million ) Tj ET Q q 0 0 0 rg BT 555.30 730.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 718.10 Td (March ) Tj ET Q q 0 0 0 rg BT 82.60 718.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 97.60 718.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 120.10 718.10 Td (\(28 ) Tj ET Q q 0 0 0 rg BT 140.93 718.10 Td (million ) Tj ET Q q 0 0 0 rg BT 172.32 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 182.04 718.10 Td (December ) Tj ET Q q 0 0 0 rg BT 225.62 718.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 240.62 718.10 Td (2017\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 676.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 79.83 676.10 Td (debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 654.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 654.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 115.27 654.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 134.99 654.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 165.26 654.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 193.85 654.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.13 654.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 237.74 654.10 Td (for ) Tj ET Q q 0 0 0 rg BT 251.90 654.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 292.16 654.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 330.76 654.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.59 654.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.31 654.10 Td (Group.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 620.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 75.94 620.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 99.56 620.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 123.18 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.24 620.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 163.18 620.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 186.80 620.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 210.42 620.10 Td (from ) Tj ET Q q 0 0 0 rg BT 232.92 620.10 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 276.18 620.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 596.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 596.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 110.70 596.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 133.63 596.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 157.12 596.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.48 596.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 195.18 596.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 218.11 596.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 241.60 596.10 Td (from ) Tj ET Q q 0 0 0 rg BT 263.97 596.10 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 304.57 596.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 346.38 596.10 Td (are ) Tj ET Q q 0 0 0 rg BT 361.52 596.10 Td (two ) Tj ET Q q 0 0 0 rg BT 379.45 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.71 596.10 Td (our ) Tj ET Q q 0 0 0 rg BT 406.97 596.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 441.55 596.10 Td (key ) Tj ET Q q 0 0 0 rg BT 458.92 596.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 512.37 596.10 Td (indicators ) Tj ET Q q 0 0 0 rg BT 554.73 596.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 584.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 89.48 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.86 584.10 Td (Group) Tj ET Q q 0 0 0 rg BT 132.19 584.10 Td (s ) Tj ET Q q 0 0 0 rg BT 138.25 584.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 193.28 584.10 Td (These ) Tj ET Q q 0 0 0 rg BT 219.32 584.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 258.70 584.10 Td (are ) Tj ET Q q 0 0 0 rg BT 273.07 584.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 313.55 584.10 Td (by ) Tj ET Q q 0 0 0 rg BT 325.72 584.10 Td (management ) Tj ET Q q 0 0 0 rg BT 378.97 584.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.91 584.10 Td (aid ) Tj ET Q q 0 0 0 rg BT 403.30 584.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 441.57 584.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.51 584.10 Td (their ) Tj ET Q q 0 0 0 rg BT 472.01 584.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 506.39 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.88 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.27 584.10 Td (Group's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 572.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 90.95 572.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 143.45 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.86 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.61 572.10 Td (compare ) Tj ET Q q 0 0 0 rg BT 206.01 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.20 572.10 Td (Group's ) Tj ET Q q 0 0 0 rg BT 253.41 572.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 290.37 572.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 342.86 572.10 Td (with ) Tj ET Q q 0 0 0 rg BT 362.61 572.10 Td (that ) Tj ET Q q 0 0 0 rg BT 379.58 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.88 572.10 Td (other ) Tj ET Q q 0 0 0 rg BT 412.40 572.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 459.64 572.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 479.38 572.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 501.35 572.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 523.89 572.10 Td (is ) Tj ET Q q 0 0 0 rg BT 532.53 572.10 Td (defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 560.10 Td (as ) Tj ET Q q 0 0 0 rg BT 64.93 560.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 85.30 560.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 110.13 560.10 Td (from ) Tj ET Q q 0 0 0 rg BT 132.17 560.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 172.54 560.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 211.24 560.10 Td (less ) Tj ET Q q 0 0 0 rg BT 228.84 560.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 249.21 560.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 274.03 560.10 Td (used ) Tj ET Q q 0 0 0 rg BT 294.97 560.10 Td (in ) Tj ET Q q 0 0 0 rg BT 305.35 560.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 344.62 560.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 385.82 560.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 406.19 560.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 428.79 560.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 451.95 560.10 Td (from ) Tj ET Q q 0 0 0 rg BT 474.00 560.10 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 514.35 560.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 555.83 560.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 548.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 86.53 548.10 Td (as ) Tj ET Q q 0 0 0 rg BT 97.41 548.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 117.72 548.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 140.27 548.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 163.38 548.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 199.25 548.10 Td (for ) Tj ET Q q 0 0 0 rg BT 213.46 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.22 548.10 Td (change ) Tj ET Q q 0 0 0 rg BT 259.08 548.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.41 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.17 548.10 Td (self-liquidating ) Tj ET Q q 0 0 0 rg BT 347.81 548.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 385.34 548.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 432.86 548.10 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 472.90 548.10 Td (which ) Tj ET Q q 0 0 0 rg BT 499.88 548.10 Td (is ) Tj ET Q q 0 0 0 rg BT 509.10 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.86 548.10 Td (change ) Tj ET Q q 0 0 0 rg BT 554.73 548.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 536.10 Td (our ) Tj ET Q q 0 0 0 rg BT 69.65 536.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 116.94 536.10 Td (from ) Tj ET Q q 0 0 0 rg BT 138.70 536.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 178.78 536.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 219.53 536.10 Td (The ) Tj ET Q q 0 0 0 rg BT 237.40 536.10 Td (following ) Tj ET Q q 0 0 0 rg BT 278.60 536.10 Td (table ) Tj ET Q q 0 0 0 rg BT 300.36 536.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 317.68 536.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 339.43 536.10 Td (our ) Tj ET Q q 0 0 0 rg BT 355.08 536.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 375.17 536.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 397.49 536.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 420.37 536.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.13 536.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 457.22 536.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 479.54 536.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 502.42 536.10 Td (from ) Tj ET Q q 0 0 0 rg BT 524.17 536.10 Td (Industrial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 524.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 95.38 524.10 Td (for ) Tj ET Q q 0 0 0 rg BT 109.54 524.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.26 524.10 Td (three ) Tj ET Q q 0 0 0 rg BT 146.74 524.10 Td (months ) Tj ET Q q 0 0 0 rg BT 178.69 524.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 205.07 524.10 Td (March ) Tj ET Q q 0 0 0 rg BT 233.67 524.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.17 524.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.67 524.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.67 524.10 Td ( ) Tj ET Q q 0 0 0 rg BT 271.17 524.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.11 524.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.11 524.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.25 459.60 303.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.25 459.60 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.25 459.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.25 459.60 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.25 431.60 303.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.25 431.60 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.25 431.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.25 431.60 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.25 403.60 303.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.25 403.60 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.25 403.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.25 403.60 101.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.25 487.6 m 457.25 487.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.25 487.6 m 461.25 487.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 487.6 m 562.25 487.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.25 487.6 m 457.25 487.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.25 473.6 m 457.25 473.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 487.6 m 562.25 487.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 473.6 m 562.25 473.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.25 431.6 m 457.25 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.25 417.6 m 457.25 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 431.6 m 562.25 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 417.6 m 562.25 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.25 403.6 m 457.25 403.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.25 390.6 m 457.25 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.25 388.6 m 457.25 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 403.6 m 562.25 403.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 390.6 m 562.25 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.25 388.6 m 562.25 388.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.85 492.05 Td (For) Tj ET Q q 0 0 0 rg BT 400.68 492.05 Td ( the thr) Tj ET Q q 0 0 0 rg BT 429.01 492.05 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 512.09 492.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 397.25 478.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.25 478.05 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.35 464.06 Td (\( million\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.75 450.06 Td (Cash flows from operating activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.25 450.06 Td (210) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.25 450.06 Td (142) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.75 436.06 Td (Cash flows used in investing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.25 436.06 Td (\(121) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.75 436.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.75 436.06 Td (\(64) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.75 436.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.75 422.05 Td (Fr) Tj ET Q q 0 0 0 rg BT 65.08 422.05 Td (ee Cash Flow) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.75 422.05 Td (89) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.75 422.05 Td (78) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.75 408.06 Td (Change in the self-liquidating financial receivables portfolio) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 408.06 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.25 408.06 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.75 408.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.75 394.05 Td (Fr) Tj ET Q q 0 0 0 rg BT 65.08 394.05 Td (ee Cash Flow fr) Tj ET Q q 0 0 0 rg BT 125.15 394.05 Td (om Industrial ) Tj ET Q q 0 0 0 rg BT 179.67 394.05 Td (Activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.75 394.05 Td (95) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.75 394.05 Td (76) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 366.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 366.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 112.45 366.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 137.12 366.10 Td (used ) Tj ET Q q 0 0 0 rg BT 157.90 366.10 Td (in ) Tj ET Q q 0 0 0 rg BT 168.13 366.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 207.25 366.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 245.79 366.10 Td (for ) Tj ET Q q 0 0 0 rg BT 259.91 366.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.57 366.10 Td (three ) Tj ET Q q 0 0 0 rg BT 297.01 366.10 Td (months ) Tj ET Q q 0 0 0 rg BT 328.91 366.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 355.23 366.10 Td (March ) Tj ET Q q 0 0 0 rg BT 383.78 366.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 398.73 366.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 421.18 366.10 Td (are ) Tj ET Q q 0 0 0 rg BT 435.84 366.10 Td (net ) Tj ET Q q 0 0 0 rg BT 450.51 366.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.29 366.10 Td (8 ) Tj ET Q q 0 0 0 rg BT 473.74 366.10 Td (million ) Tj ET Q q 0 0 0 rg BT 505.08 366.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 543.07 366.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 354.10 Td (exercising ) Tj ET Q q 0 0 0 rg BT 97.59 354.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.31 354.10 Td (Delta ) Tj ET Q q 0 0 0 rg BT 136.29 354.10 Td (T) Tj ET Q q 0 0 0 rg BT 141.70 354.10 Td (opco ) Tj ET Q q 0 0 0 rg BT 163.63 354.10 Td (option.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 330.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 330.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 110.53 330.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 133.29 330.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 156.61 330.10 Td (for ) Tj ET Q q 0 0 0 rg BT 171.03 330.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.01 330.10 Td (three ) Tj ET Q q 0 0 0 rg BT 208.75 330.10 Td (months ) Tj ET Q q 0 0 0 rg BT 240.96 330.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 267.60 330.10 Td (March ) Tj ET Q q 0 0 0 rg BT 296.46 330.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.96 330.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.72 330.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.72 330.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.48 330.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.79 330.10 Td (89 ) Tj ET Q q 0 0 0 rg BT 370.55 330.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.44 330.10 Td (, ) Tj ET Q q 0 0 0 rg BT 404.70 330.10 Td (an ) Tj ET Q q 0 0 0 rg BT 416.90 330.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 452.42 330.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.51 330.10 Td (1) Tj ET Q q 0 0 0 rg BT 473.14 330.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 480.90 330.10 Td (million ) Tj ET Q q 0 0 0 rg BT 512.55 330.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.73 330.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 318.10 Td (78 ) Tj ET Q q 0 0 0 rg BT 71.41 318.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.30 318.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.71 318.10 Td (for ) Tj ET Q q 0 0 0 rg BT 116.78 318.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.41 318.10 Td (three ) Tj ET Q q 0 0 0 rg BT 153.80 318.10 Td (months ) Tj ET Q q 0 0 0 rg BT 185.66 318.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 211.95 318.10 Td (March ) Tj ET Q q 0 0 0 rg BT 240.46 318.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.96 318.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.36 318.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.36 318.10 Td (. ) Tj ET Q q 0 0 0 rg BT 280.27 318.10 Td (For ) Tj ET Q q 0 0 0 rg BT 296.58 318.10 Td (an ) Tj ET Q q 0 0 0 rg BT 308.42 318.10 Td (explanation ) Tj ET Q q 0 0 0 rg BT 357.48 318.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.22 318.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.85 318.10 Td (drivers ) Tj ET Q q 0 0 0 rg BT 413.03 318.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.22 318.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 443.39 318.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 465.80 318.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 488.78 318.10 Td (see ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 503.95 318.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 532.49 318.10 Td (Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 318.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 306.10 Td (above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 282.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 282.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 110.39 282.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 133.02 282.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 156.20 282.10 Td (from ) Tj ET Q q 0 0 0 rg BT 178.27 282.10 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 218.64 282.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 260.14 282.10 Td (for ) Tj ET Q q 0 0 0 rg BT 274.43 282.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.27 282.10 Td (three ) Tj ET Q q 0 0 0 rg BT 311.88 282.10 Td (months ) Tj ET Q q 0 0 0 rg BT 343.95 282.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 370.45 282.10 Td (March ) Tj ET Q q 0 0 0 rg BT 399.18 282.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.68 282.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.30 282.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.30 282.10 Td ( ) Tj ET Q q 0 0 0 rg BT 436.93 282.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.10 282.10 Td (95 ) Tj ET Q q 0 0 0 rg BT 472.73 282.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.62 282.10 Td (, ) Tj ET Q q 0 0 0 rg BT 506.74 282.10 Td (an ) Tj ET Q q 0 0 0 rg BT 518.81 282.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 554.18 282.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 270.10 Td (19 ) Tj ET Q q 0 0 0 rg BT 71.06 270.10 Td (million ) Tj ET Q q 0 0 0 rg BT 102.01 270.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 143.49 270.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.33 270.10 Td (76 ) Tj ET Q q 0 0 0 rg BT 170.38 270.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.28 270.10 Td ( ) Tj ET Q q 0 0 0 rg BT 201.33 270.10 Td (for ) Tj ET Q q 0 0 0 rg BT 215.05 270.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.33 270.10 Td (three ) Tj ET Q q 0 0 0 rg BT 251.37 270.10 Td (months ) Tj ET Q q 0 0 0 rg BT 282.88 270.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 308.81 270.10 Td (March ) Tj ET Q q 0 0 0 rg BT 336.97 270.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.47 270.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.53 270.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.53 270.10 Td (. ) Tj ET Q q 0 0 0 rg BT 375.94 270.10 Td (The ) Tj ET Q q 0 0 0 rg BT 393.54 270.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 428.35 270.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.19 270.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 458.02 270.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 480.07 270.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 502.69 270.10 Td (from ) Tj ET Q q 0 0 0 rg BT 524.19 270.10 Td (Industrial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 258.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 94.60 258.10 Td (was ) Tj ET Q q 0 0 0 rg BT 111.87 258.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 150.80 258.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 198.06 258.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.55 258.10 Td (an ) Tj ET Q q 0 0 0 rg BT 218.71 258.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 253.18 258.10 Td (in ) Tj ET Q q 0 0 0 rg BT 262.30 258.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 300.13 258.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 336.24 258.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.96 258.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.11 258.10 Td (a ) Tj ET Q q 0 0 0 rg BT 360.27 258.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 396.40 258.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.90 258.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 425.39 258.10 Td (absorbed ) Tj ET Q q 0 0 0 rg BT 463.21 258.10 Td (from ) Tj ET Q q 0 0 0 rg BT 484.36 258.10 Td (net ) Tj ET Q q 0 0 0 rg BT 498.30 258.10 Td (working ) Tj ET Q q 0 0 0 rg BT 533.35 258.10 Td (capital, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 246.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 89.82 246.10 Td (of) Tj ET Q q 0 0 0 rg BT 97.97 246.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 114.91 246.10 Td (by ) Tj ET Q q 0 0 0 rg BT 127.41 246.10 Td (an ) Tj ET Q q 0 0 0 rg BT 139.35 246.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 174.60 246.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.88 246.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 214.03 246.10 Td (expenditures.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 210.10 Td (Outlook) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 186.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 76.50 186.10 Td (Outlook ) Tj ET Q q 0 0 0 rg BT 111.78 186.10 Td (confirmed:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 156.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 156.70 Td (Shipments ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.0784313725490196 0.07450980392156863 0.07450980392156863 rg BT 134.73 156.70 Td (> 9,000 including supercars) 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 72.00 139.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.0784313725490196 0.07450980392156863 0.07450980392156863 rg BT 90.00 139.30 Td (Net revenues > 3.4 billion) 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 72.00 121.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.0784313725490196 0.07450980392156863 0.07450980392156863 rg BT 90.00 121.90 Td (Adjusted EBITDA) Tj ET Q q 0.0784313725490196 0.07450980392156863 0.07450980392156863 rg BT 164.72 121.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL /GS0 gs q 5.49 0 0 10.09 167.22 119.74 cm /I8 Do Q q 0 0 0 rg BT 172.71 121.90 Td ( ) Tj ET Q q 0 0 0 rg BT 175.21 121.90 Td (1.1 ) Tj ET Q q 0 0 0 rg BT 195.21 121.90 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 104.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 104.50 Td (Net ) Tj ET Q q 0 0 0 rg BT 107.16 104.50 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 148.22 104.50 Td (Debt ) Tj ET Q q 0 0 0 rg BT 170.38 104.50 Td (< ) Tj ET Q q 0 0 0 rg BT 178.75 104.50 Td (400 ) Tj ET Q q 0 0 0 rg BT 201.47 104.50 Td (million ) Tj ET Q q 0 0 0 rg BT 233.09 104.50 Td (including ) Tj ET Q q 0 0 0 rg BT 273.59 104.50 Td (a ) Tj ET Q q 0 0 0 rg BT 280.75 104.50 Td (dividend ) Tj ET Q q 0 0 0 rg BT 318.48 104.50 Td (distribution ) Tj ET Q q 0 0 0 rg BT 367.31 104.50 Td (to ) Tj ET Q q 0 0 0 rg BT 377.82 104.50 Td (the ) Tj ET Q q 0 0 0 rg BT 392.76 104.50 Td (holders ) Tj ET Q q 0 0 0 rg BT 424.93 104.50 Td (of ) Tj ET Q q 0 0 0 rg BT 435.98 104.50 Td (common ) Tj ET Q q 0 0 0 rg BT 473.70 104.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 501.42 104.50 Td (and ) Tj ET Q q 0 0 0 rg BT 518.58 104.50 Td (excluding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 87.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 127.49 87.10 Td (share ) Tj ET Q q 0 0 0 rg BT 151.09 87.10 Td (repurchases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 69.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 69.70 Td (Capital Expenditures ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.0784313725490196 0.07450980392156863 0.07450980392156863 rg BT 176.65 69.70 Td (~ 550 million) Tj ET Q endstream endobj 59 0 obj <><><><><><>] /Rotate 0 /Contents 60 0 R>> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.85 719.25 Td (INTERIM CONSOLIDA) Tj ET Q q 0 0 0 rg BT 295.18 719.25 Td (TED INCOME ST) Tj ET Q q 0 0 0 rg BT 374.45 719.25 Td (A) Tj ET Q q 0 0 0 rg BT 380.93 719.25 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 424.09 719.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 707.25 Td (for) Tj ET Q q 0 0 0 rg BT 206.09 707.25 Td ( the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.42 707.25 Td (thr) Tj ET Q q 0 0 0 rg BT 237.57 707.25 Td (ee) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.44 707.25 Td ( months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.18 707.25 Td (Mar) Tj ET Q q 0 0 0 rg BT 329.88 707.25 Td (ch 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.88 707.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.38 707.25 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.38 707.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 707.25 Td (2017) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 518.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 518.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 518.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 518.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 490.35 293.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 490.35 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 490.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 490.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 490.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 490.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 462.35 293.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 462.35 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 462.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 462.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 462.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 462.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 434.35 293.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 434.35 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 434.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 434.35 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 434.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 434.35 80.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 656.35 m 473.5 656.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 656.35 m 477.5 656.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 656.35 m 557.5 656.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 642.35 m 389.5 642.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 656.35 m 473.5 656.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 642.35 m 473.5 642.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 656.35 m 557.5 656.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 642.35 m 557.5 642.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 546.35 m 473.5 546.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 546.35 m 557.5 546.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 518.35 m 473.5 518.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 518.35 m 557.5 518.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 490.35 m 473.5 490.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 490.35 m 557.5 490.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 477.35 m 473.5 477.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 475.35 m 473.5 475.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 477.35 m 557.5 477.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 475.35 m 557.5 475.35 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.10 660.80 Td (For) Tj ET Q q 0 0 0 rg BT 417.01 660.80 Td ( the thr) Tj ET Q q 0 0 0 rg BT 445.34 660.80 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 528.42 660.80 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 358.50 646.80 Td (Note) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.00 646.80 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.00 646.80 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.35 634.30 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 620.81 Td (Net revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.25 620.81 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 620.81 Td (831,004) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 620.81 Td (820,600) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 606.81 Td (Cost of sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.25 606.81 Td (7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 606.81 Td (390,778) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 606.81 Td (397,693) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 592.81 Td (Selling, general and administrative costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.25 592.81 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 592.81 Td (66,374) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 592.81 Td (72,577) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 578.81 Td (Research and development costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.25 578.81 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 578.81 Td (172,643) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 578.81 Td (172,163) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 564.81 Td (Other \(income\)/expenses, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 564.81 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.75 564.81 Td (\(8,808) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.00 564.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 564.81 Td (1,630) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 551.61 Td (Result from investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.00 550.81 Td (\(87) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.00 550.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 550.81 Td (602) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 536.80 Td (EBIT) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.75 536.80 Td (209,930) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 536.80 Td (177,139) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 522.81 Td (Net financial expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 522.81 Td (1) Tj ET Q q 0 0 0 rg BT 367.50 522.81 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.75 522.81 Td (4,338) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 522.81 Td (3,538) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 508.80 Td (Pr) Tj ET Q q 0 0 0 rg BT 65.41 508.80 Td (ofit befor) Tj ET Q q 0 0 0 rg BT 100.98 508.80 Td (e taxes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.75 508.80 Td (205,592) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 508.80 Td (173,601) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 494.81 Td (Income tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 494.81 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 494.81 Td (57,258) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 494.81 Td (49,395) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 480.80 Td (Net pr) Tj ET Q q 0 0 0 rg BT 80.58 480.80 Td (ofit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.75 480.80 Td (148,334) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 480.80 Td (124,206) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 466.80 Td (Net pr) Tj ET Q q 0 0 0 rg BT 80.58 466.80 Td (ofit attributable to:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 452.80 Td (Owners of the par) Tj ET Q q 0 0 0 rg BT 127.08 452.80 Td (ent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.75 452.80 Td (147,635) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.75 452.80 Td (123,666) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 438.80 Td (Non-contr) Tj ET Q q 0 0 0 rg BT 98.66 438.80 Td (olling inter) Tj ET Q q 0 0 0 rg BT 138.58 438.80 Td (ests) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.50 438.80 Td (699) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.50 438.80 Td (540) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 409.80 Td (Basic and diluted earnings per) Tj ET Q q 0 0 0 rg BT 172.85 409.80 Td ( common shar) Tj ET Q q 0 0 0 rg BT 227.19 409.80 Td (e \(in \)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 409.81 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.25 409.81 Td (0.78) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 409.81 Td (0.65) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 69.85 Td (The accompanying notes are an integral part of the Interim Condensed Consolidated Financial Statements.) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 297.65 41.20 Td (F-2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 731.25 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 731.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.85 719.25 Td (INTERIM CONSOLIDA) Tj ET Q q 0 0 0 rg BT 241.18 719.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 275.73 719.25 Td (A) Tj ET Q q 0 0 0 rg BT 282.21 719.25 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 325.37 719.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 341.38 719.25 Td ( COMPREHENSIVE INCOME ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 707.25 Td (for) Tj ET Q q 0 0 0 rg BT 206.09 707.25 Td ( the thr) Tj ET Q q 0 0 0 rg BT 237.57 707.25 Td (ee months ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.18 707.25 Td (Mar) Tj ET Q q 0 0 0 rg BT 329.88 707.25 Td (ch 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.88 707.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.38 707.25 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.38 707.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 707.25 Td (2017) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 695.25 Td (\(Unaudited\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 629.35 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 629.35 30.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 629.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 629.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 629.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 629.35 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 591.35 306.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 591.35 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 591.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 591.35 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 591.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 591.35 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 561.35 306.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 561.35 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 561.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 561.35 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 561.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 561.35 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 522.35 306.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 522.35 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 522.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 522.35 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 522.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 522.35 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 492.35 306.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 492.35 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 492.35 4.00 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389.5 642.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 656.35 m 473.5 656.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 642.35 m 473.5 642.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 656.35 m 557.5 656.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 642.35 m 557.5 642.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 546.35 m 473.5 546.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 546.35 m 557.5 546.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 522.35 m 473.5 522.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 522.35 m 557.5 522.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 507.35 m 473.5 507.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 507.35 m 557.5 507.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 493.35 m 473.5 493.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 491.35 m 473.5 491.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 493.35 m 557.5 493.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 491.35 m 557.5 491.35 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.10 660.80 Td (For) Tj ET Q q 0 0 0 rg BT 417.01 660.80 Td ( the thr) Tj ET Q q 0 0 0 rg BT 445.34 660.80 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 528.42 660.80 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.00 646.80 Td (Note) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.00 646.80 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.00 646.80 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.85 633.60 Td (\( thousand\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 619.80 Td (Net pr) Tj ET Q q 0 0 0 rg BT 80.58 619.80 Td (ofit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.75 619.80 Td (148,334) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 619.80 Td (124,206) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 604.81 Td (Items that may be reclassified to the consolidated income statement in subsequent) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 595.81 Td (periods:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 580.81 Td (\(Losses\)/Gains on cash flow hedging instruments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.50 580.81 Td (20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.75 580.81 Td (\(5,370) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.00 580.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 580.81 Td (13,632) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 565.81 Td (Exchange dif) Tj ET Q q 0 0 0 rg BT 109.65 565.81 Td (ferences on translating foreign operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.50 565.81 Td (20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.75 565.81 Td (\(1,638) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.00 565.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.50 565.81 Td (\(827) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 565.81 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 550.81 Td (Related tax impact) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.50 550.81 Td (20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.75 550.81 Td (1,498) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 550.81 Td (\(3,803) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 550.81 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 535.80 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 535.80 Td (otal items that may be r) Tj ET Q q 0 0 0 rg BT 152.24 535.80 Td (eclassified to the consolidated income statement in) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 526.80 Td (subsequent periods) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.75 526.80 Td (\(5,510) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.00 526.80 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.75 526.80 Td (9,002) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 511.80 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 511.80 Td (otal other) Tj ET Q q 0 0 0 rg BT 98.25 511.80 Td ( compr) Tj ET Q q 0 0 0 rg BT 125.33 511.80 Td (ehensive \(losses\)/income, net of tax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.50 511.81 Td (20) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.75 511.80 Td (\(5,510) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.00 511.80 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.75 511.80 Td (9,002) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 496.80 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 496.80 Td (otal compr) Tj ET Q q 0 0 0 rg BT 102.75 496.80 Td (ehensive income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.75 496.80 Td (142,824) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 496.80 Td (133,208) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 481.80 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 481.80 Td (otal compr) Tj ET Q q 0 0 0 rg BT 102.75 481.80 Td (ehensive income attributable to:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 466.80 Td (Owners of the par) Tj ET Q q 0 0 0 rg BT 127.08 466.80 Td (ent) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.75 466.80 Td (142,100) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.75 466.80 Td (132,698) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 62.00 451.80 Td (Non-contr) Tj ET Q q 0 0 0 rg BT 98.66 451.80 Td (olling inter) Tj ET Q q 0 0 0 rg BT 138.58 451.80 Td (ests) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.50 451.80 Td (724) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.50 451.80 Td (510) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 63.85 Td (The accompanying notes are an integral part of the Interim Condensed Consolidated Financial Statements.) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 297.65 41.20 Td (F-3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 731.25 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 731.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.20 719.25 Td (INTERIM CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.53 719.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 289.08 719.25 Td (A) Tj ET Q q 0 0 0 rg BT 295.56 719.25 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 338.72 719.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 354.73 719.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 413.35 719.25 Td ( POSITION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.15 707.25 Td (at Mar) Tj ET Q q 0 0 0 rg BT 240.68 707.25 Td (ch31, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.18 707.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.30 707.25 Td (at December) Tj ET Q q 0 0 0 rg BT 363.25 707.25 Td (31, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.75 707.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 695.25 Td (\(Unaudited\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 622.35 296.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 622.35 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 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428 189.75 m 487 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 187.75 m 487 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 202.75 m 550 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 189.75 m 550 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 187.75 m 550 187.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.40 675.20 Td (For) Tj ET Q q 0 0 0 rg BT 451.31 675.20 Td ( the thr) Tj ET Q q 0 0 0 rg BT 479.64 675.20 Td (ee months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.80 666.20 Td (Mar) Tj ET Q q 0 0 0 rg BT 487.71 666.20 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.00 653.20 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.00 653.20 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.85 642.01 Td (\( thousand\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 628.20 Td (Cash and cash equivalents at beginning of the period) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.25 628.20 Td (647,706) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.25 628.20 Td (457,784) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 614.20 Td (Cash flows fr) Tj ET Q q 0 0 0 rg BT 114.42 614.20 Td (om operating activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 600.21 Td (Profit before taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.25 600.21 Td (205,592) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.25 600.21 Td (173,601) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 586.21 Td (Amortization and depreciation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.75 586.21 Td (62,444) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.75 586.21 Td (64,758) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 572.21 Td (Provision \(releases\) / accruals) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 572.21 Td (\(3,754) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.50 572.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.00 572.21 Td (953) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 558.21 Td (Net finance costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.25 558.21 Td (4,338) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 558.21 Td (3,538) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 544.21 Td (Other non-cash expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.75 544.21 Td (12,742) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.75 544.21 Td (26,893) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 530.21 Td (Net gains on disposal of property) Tj ET Q q 0 0 0 rg BT 188.64 530.21 Td (, plant and equipment and intangible assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.50 530.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.00 530.21 Td (\(373) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 530.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 516.21 Td (Change in inventories) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.75 516.21 Td (\(37,624) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.50 516.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.75 516.21 Td (\(36,249) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 516.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 502.21 Td (Change in trade receivables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.75 502.21 Td (\(15,604) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.50 502.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.75 502.21 Td (\(33,891) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 502.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 488.21 Td (Change in trade payables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.75 488.21 Td (23,587) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.75 488.21 Td (16,890) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 474.21 Td (Change in receivables from financing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 474.21 Td (\(8,030) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.50 474.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 474.21 Td (2,474) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 460.21 Td (Change in other operating assets and liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.75 460.21 Td (\(18,551) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.50 460.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.75 460.21 Td (\(58,468) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 460.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 446.21 Td (Finance income received) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.00 446.21 Td (679) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 446.21 Td (3,135) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 432.21 Td (Finance costs paid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.75 432.21 Td (\(12,700) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.50 432.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.75 432.21 Td (\(13,880) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 432.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 418.21 Td (Income tax paid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 418.21 Td (\(3,426) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.50 418.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.25 418.21 Td (\(8,375) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 418.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 404.20 Td (T) Tj ET Q q 0 0 0 rg BT 69.09 404.20 Td (otal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.25 404.20 Td (209,693) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.25 404.20 Td (141,006) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 390.20 Td (Cash flows used in investing activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 376.21 Td (Investments in property) Tj ET Q q 0 0 0 rg BT 154.69 376.21 Td (, plant and equipment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.75 376.21 Td (\(62,096) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.50 376.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.75 376.21 Td (\(40,523) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 376.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 362.21 Td (Investments in intangible assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.75 362.21 Td (\(58,923) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.50 362.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.75 362.21 Td (\(32,136) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 362.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 348.21 Td (Proceeds from the sale of property) Tj ET Q q 0 0 0 rg BT 193.12 348.21 Td (, plant and equipment and intangible assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.00 348.21 Td (448) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.00 348.21 Td (383) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 333.21 Td (Proceeds from exercising the Delta ) Tj ET Q q 0 0 0 rg BT 198.04 333.21 Td (T) Tj ET Q q 0 0 0 rg BT 202.91 333.21 Td (opco option) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.50 333.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 333.21 Td (8,307) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 319.20 Td (T) Tj ET Q q 0 0 0 rg BT 69.09 319.20 Td (otal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.25 319.20 Td (\(120,571) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 483.50 319.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.75 319.20 Td (\(63,969) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.50 319.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 305.20 Td (Cash flows fr) Tj ET Q q 0 0 0 rg BT 114.34 305.20 Td (om financing activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 291.21 Td (Net change in borrowings from banks) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.50 291.21 Td (\(84) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.50 291.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 291.21 Td (9,309) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 277.21 Td (Proceeds from securitizations, net of repayments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.75 277.21 Td (31,292) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.75 277.21 Td (27,769) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 263.21 Td (Net change in other debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.25 263.21 Td (5,577) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.25 263.21 Td (\(1,791) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 263.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 249.21 Td (Share buyback) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.75 249.21 Td (\(30,131) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.50 249.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.50 249.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 235.20 Td (T) Tj ET Q q 0 0 0 rg BT 69.09 235.20 Td (otal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.25 235.20 Td (6,654) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 521.75 235.20 Td (35,287) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 221.21 Td (T) Tj ET Q q 0 0 0 rg BT 74.68 221.21 Td (ranslation exchange dif) Tj ET Q q 0 0 0 rg BT 158.48 221.21 Td (ferences) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.00 221.21 Td (\(452) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.50 221.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.00 221.21 Td (\(781) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 221.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 207.20 Td (T) Tj ET Q q 0 0 0 rg BT 69.09 207.20 Td (otal change in cash and cash equivalents) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.75 207.20 Td (95,324) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.25 207.20 Td (1) Tj ET Q q 0 0 0 rg BT 521.75 207.20 Td (1) Tj ET Q q 0 0 0 rg BT 526.25 207.20 Td (1,543) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 193.20 Td (Cash and cash equivalents at end of the period) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.25 193.20 Td (743,030) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.25 193.20 Td (569,327) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 150.85 Td (The accompanying notes are an integral part of the Interim Condensed Consolidated Financial Statements.) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 297.65 30.20 Td (F-5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.60 742.25 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 334.31 742.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.50 730.25 Td (INTERIM CONSOLIDA) Tj ET Q q 0 0 0 rg BT 250.83 730.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 285.38 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 291.86 730.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 356.78 730.25 Td ( CHANGES IN EQUITY) Tj ET Q q 0 0 0 rg BT 463.92 730.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.25 718.25 Td (for) Tj ET Q q 0 0 0 rg BT 203.84 718.25 Td ( the thr) Tj ET Q q 0 0 0 rg BT 235.32 718.25 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 327.63 718.25 Td (ch 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.63 718.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.13 718.25 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.13 718.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.25 718.25 Td (2017) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.90 706.25 Td (\(Unaudited\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.25 613.35 106.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.25 613.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.25 613.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.25 613.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.25 613.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.25 613.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.25 613.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.25 613.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.25 613.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.25 613.35 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.25 613.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.25 613.35 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.25 613.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.25 613.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.25 613.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.25 613.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.25 587.35 106.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.25 587.35 44.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.25 587.35 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.25 587.35 44.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.25 587.35 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.25 587.35 44.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.25 587.35 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.25 587.35 44.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.25 587.35 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.25 587.35 63.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.25 587.35 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.25 587.35 47.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.25 587.35 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.25 587.35 44.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.25 587.35 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.25 587.35 44.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.25 552.35 106.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.25 552.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.25 552.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.25 552.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.25 552.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.25 552.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.25 552.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.25 552.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.25 552.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.25 552.35 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.25 552.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.25 552.35 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.25 552.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.25 552.35 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.25 552.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.25 552.35 44.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.25 668.35 m 199.25 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.25 668.35 m 203.25 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.25 668.35 m 247.25 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.25 668.35 m 251.25 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.25 668.35 m 295.25 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.25 668.35 m 299.25 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 668.35 m 343.25 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.25 668.35 m 347.25 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.25 668.35 m 410.25 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.25 625.35 m 199.25 625.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.25 625.35 m 247.25 625.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.25 625.35 m 295.25 625.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 625.35 m 343.25 625.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.25 625.35 m 410.25 625.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.25 668.35 m 461.25 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.25 625.35 m 461.25 625.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.25 668.35 m 509.25 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.25 625.35 m 509.25 625.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.25 668.35 m 557.25 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.25 625.35 m 557.25 625.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.25 552.35 m 199.25 552.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.25 540.35 m 199.25 540.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.25 538.35 m 199.25 538.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.25 552.35 m 247.25 552.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.25 540.35 m 247.25 540.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.25 538.35 m 247.25 538.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.25 552.35 m 295.25 552.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.25 540.35 m 295.25 540.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.25 538.35 m 295.25 538.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 552.35 m 343.25 552.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 540.35 m 343.25 540.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.25 538.35 m 343.25 538.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.25 552.35 m 410.25 552.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.25 540.35 m 410.25 540.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.25 538.35 m 410.25 538.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.25 552.35 m 461.25 552.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.25 540.35 m 461.25 540.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.25 538.35 m 461.25 538.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.25 552.35 m 509.25 552.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.25 540.35 m 509.25 540.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.25 538.35 m 509.25 538.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.25 552.35 m 557.25 552.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.25 540.35 m 557.25 540.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.25 538.35 m 557.25 538.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.80 649.03 Td (Shar) Tj ET Q q 0 0 0 rg BT 183.18 649.03 Td (e) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 165.15 641.03 Td (capital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.40 657.03 Td (Retained ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.05 649.03 Td (earnings ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 208.25 641.03 Td (and other) Tj ET Q q 0 0 0 rg BT 241.22 641.03 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.80 633.03 Td (r) Tj ET Q q 0 0 0 rg BT 214.21 633.03 Td (eserves) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.70 653.03 Td (Cash flow) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.75 645.03 Td (hedge) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.35 637.03 Td (r) Tj ET Q q 0 0 0 rg BT 263.83 637.03 Td (eserve) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.35 653.03 Td (Curr) Tj ET Q q 0 0 0 rg BT 321.61 653.03 Td (ency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.05 645.03 Td (translation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.15 637.03 Td (differ) Tj ET Q q 0 0 0 rg BT 321.18 637.03 Td (ences) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.55 653.03 Td (Remeasur) Tj ET Q q 0 0 0 rg BT 385.13 653.03 Td (ement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.25 645.03 Td (of defined) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.35 637.03 Td (benefit plans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.65 660.43 Td (Equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.80 652.43 Td (attributable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.65 644.43 Td (to owners) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.55 636.43 Td (of the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.95 628.43 Td (par) Tj ET Q q 0 0 0 rg BT 437.88 628.43 Td (ent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.30 653.03 Td (Non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.15 645.03 Td (contr) Tj ET Q q 0 0 0 rg BT 486.29 645.03 Td (olling) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.35 637.03 Td (inter) Tj ET Q q 0 0 0 rg BT 488.72 637.03 Td (ests) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.00 645.03 Td (T) Tj ET Q q 0 0 0 rg BT 530.60 645.03 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.60 617.30 Td (\( thousand\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.75 604.58 Td (At December) Tj ET Q q 0 0 0 rg BT 96.76 604.58 Td ( 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 178.00 604.58 Td (2,504) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.00 604.58 Td (302,336) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.35 604.58 Td (\(18,780) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.05 604.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.00 604.58 Td (46,823) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.35 604.58 Td (\(7,888) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.05 604.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.00 604.58 Td (324,995) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.00 604.58 Td (4,810) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 604.58 Td (329,805) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.75 591.60 Td (Net profit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.05 591.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 218.00 591.60 Td (123,666) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.05 591.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.05 591.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.05 591.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.00 591.60 Td (123,666) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.00 591.60 Td (540) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.00 591.60 Td (124,206) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.75 579.30 Td (Other comprehensive income/) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.75 571.30 Td (\(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.05 571.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.05 571.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.00 571.60 Td (9,829) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.35 571.60 Td (\(797) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.05 571.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.05 571.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.00 571.60 Td (9,032) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.35 571.60 Td (\(30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.05 571.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.00 571.60 Td (9,002) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.75 556.60 Td (Share-based compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.05 556.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.00 556.60 Td (17,959) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.05 556.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.05 556.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.05 556.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.00 556.60 Td (17,959) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.05 556.58 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.00 556.60 Td (17,959) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.75 543.58 Td (At Mar) Tj ET Q q 0 0 0 rg BT 77.15 543.58 Td (ch 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 178.00 543.58 Td (2,504) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.00 543.58 Td (443,961) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.35 543.58 Td (\(8,951) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.05 543.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.00 543.58 Td (46,026) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.35 543.58 Td (\(7,888) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.05 543.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.00 543.58 Td (475,652) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.00 543.58 Td (5,320) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 543.58 Td (480,972) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.25 425.75 107.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 156.25 425.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.25 425.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.25 425.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.25 425.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.25 425.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.25 425.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.25 425.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.25 425.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.25 425.75 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.25 425.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.25 425.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.25 425.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.25 425.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.25 425.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.25 425.75 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.25 399.75 107.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 156.25 399.75 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.25 399.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.25 399.75 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.25 399.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.25 399.75 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.25 399.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.25 399.75 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.25 399.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.25 399.75 63.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.25 399.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.25 399.75 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.25 399.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.25 399.75 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.25 399.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.25 399.75 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.25 365.75 107.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 156.25 365.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.25 365.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.25 365.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.25 365.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.25 365.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.25 365.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.25 365.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.25 365.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.25 365.75 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.25 365.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.25 365.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.25 365.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.25 365.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.25 365.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.25 365.75 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.25 339.75 107.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 156.25 339.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.25 339.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.25 339.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.25 339.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.25 339.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.25 339.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.25 339.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.25 339.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.25 339.75 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.25 339.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.25 339.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.25 339.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.25 339.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.25 339.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.25 339.75 43.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 156.25 482.75 m 200.25 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.25 482.75 m 248.25 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.25 482.75 m 296.25 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.25 482.75 m 344.25 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.25 482.75 m 411.25 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 156.25 482.75 m 200.25 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 156.25 437.75 m 200.25 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200.25 482.75 m 204.25 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.25 482.75 m 248.25 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.25 437.75 m 248.25 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.25 482.75 m 252.25 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.25 482.75 m 296.25 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.25 437.75 m 296.25 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.25 482.75 m 300.25 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.25 482.75 m 344.25 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.25 437.75 m 344.25 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 482.75 m 348.25 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.25 482.75 m 411.25 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.25 437.75 m 411.25 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.25 482.75 m 462.25 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.25 437.75 m 462.25 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.25 482.75 m 510.25 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.25 437.75 m 510.25 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.25 482.75 m 557.25 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.25 437.75 m 557.25 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 156.25 339.75 m 200.25 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.25 339.75 m 248.25 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.25 339.75 m 296.25 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.25 339.75 m 344.25 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.25 339.75 m 411.25 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.25 339.75 m 462.25 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.25 339.75 m 510.25 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.25 339.75 m 557.25 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 156.25 339.75 m 200.25 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 156.25 327.75 m 200.25 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 156.25 325.75 m 200.25 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.25 339.75 m 248.25 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.25 327.75 m 248.25 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.25 325.75 m 248.25 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.25 339.75 m 296.25 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.25 327.75 m 296.25 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.25 325.75 m 296.25 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.25 339.75 m 344.25 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.25 327.75 m 344.25 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.25 325.75 m 344.25 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.25 339.75 m 411.25 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.25 327.75 m 411.25 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.25 325.75 m 411.25 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.25 339.75 m 462.25 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.25 327.75 m 462.25 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.25 325.75 m 462.25 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.25 339.75 m 510.25 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.25 327.75 m 510.25 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.25 325.75 m 510.25 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.25 339.75 m 557.25 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.25 327.75 m 557.25 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.25 325.75 m 557.25 325.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 167.80 462.43 Td (Shar) Tj ET Q q 0 0 0 rg BT 184.18 462.43 Td (e) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.15 454.43 Td (capital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.40 470.43 Td (Retained ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 211.05 462.43 Td (earnings ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.25 454.43 Td (and other) Tj ET Q q 0 0 0 rg BT 242.22 454.43 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 211.80 446.43 Td (r) Tj ET Q q 0 0 0 rg BT 215.21 446.43 Td (eserves) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.70 466.43 Td (Cash flow) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.75 458.43 Td (hedge) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.35 450.43 Td (r) Tj ET Q q 0 0 0 rg BT 264.83 450.43 Td (eserve) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.35 466.43 Td (Curr) Tj ET Q q 0 0 0 rg BT 322.61 466.43 Td (ency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.05 458.43 Td (translation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.15 450.43 Td (differ) Tj ET Q q 0 0 0 rg BT 322.18 450.43 Td (ences) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.55 466.43 Td (Remeasur) Tj ET Q q 0 0 0 rg BT 386.13 466.43 Td (ement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.25 458.43 Td (of defined) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.35 450.43 Td (benefit plans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.65 474.43 Td (Equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.80 466.43 Td (attributable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.65 458.43 Td (to owners) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.55 450.43 Td (of the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.95 442.43 Td (par) Tj ET Q q 0 0 0 rg BT 438.88 442.43 Td (ent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.30 466.43 Td (Non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.15 458.43 Td (contr) Tj ET Q q 0 0 0 rg BT 487.29 458.43 Td (olling) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.35 450.43 Td (inter) Tj ET Q q 0 0 0 rg BT 489.72 450.43 Td (ests) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.50 458.43 Td (T) Tj ET Q q 0 0 0 rg BT 531.10 458.43 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.60 429.70 Td (\( thousand\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.75 416.98 Td (At December) Tj ET Q q 0 0 0 rg BT 96.76 416.98 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 179.00 416.98 Td (2,504) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.00 416.98 Td (746,341) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.40 416.98 Td (6,434) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.40 416.98 Td (31,814) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.70 416.98 Td (\(8,415) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.40 416.98 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.00 416.98 Td (778,678) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.40 416.98 Td (5,258) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 416.98 Td (783,936) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.75 404.00 Td (Net profit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.05 404.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 219.00 404.00 Td (147,635) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.40 404.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.40 404.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.40 404.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.00 404.00 Td (147,635) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.40 404.00 Td (699) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.00 404.00 Td (148,334) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.75 391.00 Td (Other comprehensive income/) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.75 383.00 Td (\(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.05 383.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.05 383.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.70 383.00 Td (\(3,872) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.40 383.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.70 383.00 Td (\(1,663) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.40 383.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.40 383.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.35 383.00 Td (\(5,535) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.05 383.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.40 383.00 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.35 383.00 Td (\(5,510) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.05 383.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.75 370.00 Td (Dividends) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.05 370.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.05 370.00 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.40 369.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.40 369.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.40 369.32 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.05 370.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.70 370.00 Td (\(2,039) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.40 370.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.35 370.00 Td (\(2,039) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.05 370.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.75 357.00 Td (Share-based compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.05 357.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 227.00 357.00 Td (3,523) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.40 357.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.40 357.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.40 357.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.00 357.00 Td (3,523) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.40 357.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.00 357.00 Td (3,523) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.75 344.00 Td (Share buyback) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 99.07 347.63 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.05 344.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.35 344.00 Td (\(30,131) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.05 344.00 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.40 343.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.40 343.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.40 343.32 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.35 344.00 Td (\(30,131) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.05 344.00 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.40 343.32 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.35 344.00 Td (\(30,131) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.05 344.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.75 330.98 Td (At Mar) Tj ET Q q 0 0 0 rg BT 77.15 330.98 Td (ch 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 179.00 330.98 Td (2,504) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.00 330.98 Td (867,368) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.40 330.98 Td (2,562) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.40 330.98 Td (30,151) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.70 330.98 Td (\(8,415) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.40 330.98 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.00 330.98 Td (894,170) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.40 330.98 Td (3,943) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 330.98 Td (898,1) Tj ET Q q 0 0 0 rg BT 546.00 330.98 Td (13) Tj ET Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 308.05 Td (\(1\) Relates to the shar) Tj ET Q q 0 0 0 rg BT 120.30 308.05 Td (e buyback pr) Tj ET Q q 0 0 0 rg BT 161.32 308.05 Td (ogram implemented by the Gr) Tj ET Q q 0 0 0 rg BT 257.00 308.05 Td (oup. See Note 21 Equity for additional details.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.75 47.65 Td (The accompanying notes are an integral part of the Interim Condensed Consolidated Financial Statements. ) Tj ET Q endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 297.65 32.20 Td (F-6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.85 701.25 Td (FERRARI N.V) Tj ET Q q 0 0 0 rg BT 336.56 701.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.20 689.25 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 143.42 689.25 Td (T) Tj ET Q q 0 0 0 rg BT 149.91 689.25 Td (O ) Tj ET Q q 0 0 0 rg BT 160.01 689.25 Td (THE INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 356.24 689.25 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 435.42 689.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 449.41 689.25 Td (A) Tj ET Q q 0 0 0 rg BT 455.89 689.25 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.60 677.25 Td (A) Tj ET Q q 0 0 0 rg BT 119.08 677.25 Td (T) Tj ET Q q 0 0 0 rg BT 125.57 677.25 Td ( ) Tj ET Q q 0 0 0 rg BT 127.52 677.25 Td (AND FOR ) Tj ET Q q 0 0 0 rg BT 175.11 677.25 Td (THE ) Tj ET Q q 0 0 0 rg BT 198.55 677.25 Td (THREE MONTHS ENDED ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.51 677.25 Td (MARCH 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.39 677.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.89 677.25 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.89 677.25 Td ( ) Tj ET Q q 0 0 0 rg BT 398.84 677.25 Td (AND MARCH 31, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 653.25 Td (1. BACKGROUND ) Tj ET Q q 0 0 0 rg BT 144.28 653.25 Td (AND BASIS OF) Tj ET Q q 0 0 0 rg BT 213.37 653.25 Td ( PRESENT) Tj ET Q q 0 0 0 rg BT 261.25 653.25 Td (A) Tj ET Q q 0 0 0 rg BT 267.73 653.25 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 629.25 Td (Background) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 605.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 119.42 605.25 Td (is ) Tj ET Q q 0 0 0 rg BT 128.31 605.25 Td (among ) Tj ET Q q 0 0 0 rg BT 157.74 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.18 605.25 Td (world) Tj ET Q q 0 0 0 rg BT 198.29 605.25 Td (s ) Tj ET Q q 0 0 0 rg BT 204.39 605.25 Td (leading ) Tj ET Q q 0 0 0 rg BT 236.04 605.25 Td (luxury ) Tj ET Q q 0 0 0 rg BT 264.37 605.25 Td (brands. ) Tj ET Q q 0 0 0 rg BT 295.59 605.25 Td (The ) Tj ET Q q 0 0 0 rg BT 313.35 605.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 351.67 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.21 605.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 391.64 605.25 Td (N.V) Tj ET Q q 0 0 0 rg BT 407.29 605.25 Td (. ) Tj ET Q q 0 0 0 rg BT 412.01 605.25 Td (\(herein ) Tj ET Q q 0 0 0 rg BT 442.54 605.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 476.39 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 486.39 605.25 Td (as ) Tj ET Q q 0 0 0 rg BT 496.93 605.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 535.24 605.25 Td (or ) Tj ET Q q 0 0 0 rg BT 545.78 605.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 593.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 103.31 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.30 593.25 Td (together ) Tj ET Q q 0 0 0 rg BT 153.62 593.25 Td (with ) Tj ET Q q 0 0 0 rg BT 172.95 593.25 Td (its ) Tj ET Q q 0 0 0 rg BT 183.94 593.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 232.71 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.48 593.25 Td (Group\) ) Tj ET Q q 0 0 0 rg BT 285.79 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 301.78 593.25 Td (its ) Tj ET Q q 0 0 0 rg BT 312.77 593.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 361.54 593.25 Td (are ) Tj ET Q q 0 0 0 rg BT 375.30 593.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 407.95 593.25 Td (on ) Tj ET Q q 0 0 0 rg BT 419.50 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.27 593.25 Td (design, ) Tj ET Q q 0 0 0 rg BT 463.42 593.25 Td (engineering, ) Tj ET Q q 0 0 0 rg BT 514.68 593.25 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 581.25 Td (and ) Tj ET Q q 0 0 0 rg BT 71.35 581.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 89.82 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 101.06 581.25 Td (luxury ) Tj ET Q q 0 0 0 rg BT 130.08 581.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 183.52 581.25 Td (sports ) Tj ET Q q 0 0 0 rg BT 210.33 581.25 Td (cars. ) Tj ET Q q 0 0 0 rg BT 231.63 581.25 Td (The ) Tj ET Q q 0 0 0 rg BT 250.09 581.25 Td (cars ) Tj ET Q q 0 0 0 rg BT 269.11 581.25 Td (are ) Tj ET Q q 0 0 0 rg BT 284.23 581.25 Td (designed, ) Tj ET Q q 0 0 0 rg BT 325.19 581.25 Td (engineered ) Tj ET Q q 0 0 0 rg BT 371.97 581.25 Td (and ) Tj ET Q q 0 0 0 rg BT 389.32 581.25 Td (produced ) Tj ET Q q 0 0 0 rg BT 429.44 581.25 Td (in ) Tj ET Q q 0 0 0 rg BT 440.14 581.25 Td (Maranello ) Tj ET Q q 0 0 0 rg BT 484.15 581.25 Td (and ) Tj ET Q q 0 0 0 rg BT 501.50 581.25 Td (Modena, ) Tj ET Q q 0 0 0 rg BT 539.68 581.25 Td (Italy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 71.53 569.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 91.29 569.25 Td (in ) Tj ET Q q 0 0 0 rg BT 102.17 569.25 Td (more ) Tj ET Q q 0 0 0 rg BT 125.81 569.25 Td (than ) Tj ET Q q 0 0 0 rg BT 146.12 569.25 Td (60 ) Tj ET Q q 0 0 0 rg BT 159.21 569.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 193.96 569.25 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 239.82 569.25 Td (through ) Tj ET Q q 0 0 0 rg BT 274.02 569.25 Td (a ) Tj ET Q q 0 0 0 rg BT 281.55 569.25 Td (network ) Tj ET Q q 0 0 0 rg BT 317.42 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.84 569.25 Td (165 ) Tj ET Q q 0 0 0 rg BT 346.93 569.25 Td (authorized ) Tj ET Q q 0 0 0 rg BT 392.23 569.25 Td (dealers ) Tj ET Q q 0 0 0 rg BT 423.64 569.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 464.49 569.25 Td (187 ) Tj ET Q q 0 0 0 rg BT 482.59 569.25 Td (points ) Tj ET Q q 0 0 0 rg BT 510.13 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 521.55 569.25 Td (sale. ) Tj ET Q q 0 0 0 rg BT 542.47 569.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 557.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 84.39 557.25 Td (brand ) Tj ET Q q 0 0 0 rg BT 110.35 557.25 Td (is ) Tj ET Q q 0 0 0 rg BT 120.21 557.25 Td (licensed ) Tj ET Q q 0 0 0 rg BT 156.16 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 167.13 557.25 Td (a ) Tj ET Q q 0 0 0 rg BT 174.75 557.25 Td (selected ) Tj ET Q q 0 0 0 rg BT 210.14 557.25 Td (number ) Tj ET Q q 0 0 0 rg BT 243.88 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.39 557.25 Td (producers ) Tj ET Q q 0 0 0 rg BT 298.01 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.63 557.25 Td (retailers ) Tj ET Q q 0 0 0 rg BT 351.02 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.54 557.25 Td (luxury ) Tj ET Q q 0 0 0 rg BT 391.84 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.46 557.25 Td (lifestyle ) Tj ET Q q 0 0 0 rg BT 444.86 557.25 Td (goods, ) Tj ET Q q 0 0 0 rg BT 474.44 557.25 Td (with ) Tj ET Q q 0 0 0 rg BT 495.41 557.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 525.80 557.25 Td (branded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 545.25 Td (merchandise ) Tj ET Q q 0 0 0 rg BT 106.69 545.25 Td (also ) Tj ET Q q 0 0 0 rg BT 124.96 545.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 143.79 545.25 Td (through ) Tj ET Q q 0 0 0 rg BT 177.06 545.25 Td (a ) Tj ET Q q 0 0 0 rg BT 183.66 545.25 Td (network ) Tj ET Q q 0 0 0 rg BT 218.58 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 229.07 545.25 Td (18 ) Tj ET Q q 0 0 0 rg BT 241.23 545.25 Td (Ferrari-owned ) Tj ET Q q 0 0 0 rg BT 300.59 545.25 Td (stores ) Tj ET Q q 0 0 0 rg BT 326.08 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 342.68 545.25 Td (26 ) Tj ET Q q 0 0 0 rg BT 354.84 545.25 Td (franchised ) Tj ET Q q 0 0 0 rg BT 398.64 545.25 Td (stores ) Tj ET Q q 0 0 0 rg BT 424.13 545.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 467.40 545.25 Td (6 ) Tj ET Q q 0 0 0 rg BT 474.56 545.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 503.92 545.25 Td (Store ) Tj ET Q q 0 0 0 rg BT 527.19 545.25 Td (Junior\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 533.25 Td (as ) Tj ET Q q 0 0 0 rg BT 65.05 533.25 Td (well ) Tj ET Q q 0 0 0 rg BT 84.98 533.25 Td (as ) Tj ET Q q 0 0 0 rg BT 96.03 533.25 Td (on ) Tj ET Q q 0 0 0 rg BT 108.74 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.68 533.25 Td (Group) Tj ET Q q 0 0 0 rg BT 152.01 533.25 Td (s ) Tj ET Q q 0 0 0 rg BT 158.61 533.25 Td (website. ) Tj ET Q q 0 0 0 rg BT 194.18 533.25 Td (T) Tj ET Q q 0 0 0 rg BT 199.59 533.25 Td (o ) Tj ET Q q 0 0 0 rg BT 207.31 533.25 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 245.00 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.93 533.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 278.19 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.24 533.25 Td (new ) Tj ET Q q 0 0 0 rg BT 308.62 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.77 533.25 Td (used ) Tj ET Q q 0 0 0 rg BT 346.82 533.25 Td (cars, ) Tj ET Q q 0 0 0 rg BT 368.13 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.07 533.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 411.33 533.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 448.49 533.25 Td (various ) Tj ET Q q 0 0 0 rg BT 480.64 533.25 Td (forms ) Tj ET Q q 0 0 0 rg BT 506.69 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 517.74 533.25 Td (financing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 521.25 Td (through ) Tj ET Q q 0 0 0 rg BT 89.40 521.25 Td (cooperation ) Tj ET Q q 0 0 0 rg BT 140.90 521.25 Td (and ) Tj ET Q q 0 0 0 rg BT 159.64 521.25 Td (other ) Tj ET Q q 0 0 0 rg BT 184.48 521.25 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 236.81 521.25 Td (to ) Tj ET Q q 0 0 0 rg BT 248.88 521.25 Td (both ) Tj ET Q q 0 0 0 rg BT 270.96 521.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 301.36 521.25 Td (and ) Tj ET Q q 0 0 0 rg BT 320.09 521.25 Td (dealers. ) Tj ET Q q 0 0 0 rg BT 355.21 521.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 386.71 521.25 Td (also ) Tj ET Q q 0 0 0 rg BT 407.11 521.25 Td (participates ) Tj ET Q q 0 0 0 rg BT 457.50 521.25 Td (in ) Tj ET Q q 0 0 0 rg BT 469.57 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 486.09 521.25 Td (Formula ) Tj ET Q q 0 0 0 rg BT 524.27 521.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 533.26 521.25 Td (W) Tj ET Q q 0 0 0 rg BT 541.89 521.25 Td (orld ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 509.25 Td (Championship ) Tj ET Q q 0 0 0 rg BT 116.35 509.25 Td (through ) Tj ET Q q 0 0 0 rg BT 151.47 509.25 Td (Scuderia ) Tj ET Q q 0 0 0 rg BT 190.46 509.25 Td (Ferrari. ) Tj ET Q q 0 0 0 rg BT 223.89 509.25 Td (The ) Tj ET Q q 0 0 0 rg BT 243.45 509.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 283.56 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 295.90 509.25 Td (Scuderia ) Tj ET Q q 0 0 0 rg BT 334.90 509.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 366.12 509.25 Td (are ) Tj ET Q q 0 0 0 rg BT 382.34 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.57 509.25 Td (core ) Tj ET Q q 0 0 0 rg BT 419.79 509.25 Td (element ) Tj ET Q q 0 0 0 rg BT 455.45 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.79 509.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 499.01 509.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 543.56 509.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 497.25 Td (promotional ) Tj ET Q q 0 0 0 rg BT 106.05 497.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 145.31 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 162.92 497.25 Td (an ) Tj ET Q q 0 0 0 rg BT 175.52 497.25 Td (important ) Tj ET Q q 0 0 0 rg BT 217.57 497.25 Td (source ) Tj ET Q q 0 0 0 rg BT 246.83 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.33 497.25 Td (innovation ) Tj ET Q q 0 0 0 rg BT 304.27 497.25 Td (supporting ) Tj ET Q q 0 0 0 rg BT 350.21 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.59 497.25 Td (technological ) Tj ET Q q 0 0 0 rg BT 422.62 497.25 Td (advancement ) Tj ET Q q 0 0 0 rg BT 478.54 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.03 497.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 520.41 497.25 Td (sport ) Tj ET Q q 0 0 0 rg BT 543.57 497.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 485.25 Td (street ) Tj ET Q q 0 0 0 rg BT 78.16 485.25 Td (cars.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 465.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 465.25 Td (References ) Tj ET Q q 0 0 0 rg BT 136.23 465.25 Td (to ) Tj ET Q q 0 0 0 rg BT 145.83 465.25 Td (the ) Tj ET Q q 0 0 0 rg BT 159.86 465.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 200.56 465.25 Td (in ) Tj ET Q q 0 0 0 rg BT 210.16 465.25 Td (these ) Tj ET Q q 0 0 0 rg BT 232.52 465.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 263.22 465.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 307.24 465.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 359.60 465.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 396.40 465.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 440.42 465.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 461.11 465.25 Td (to ) Tj ET Q q 0 0 0 rg BT 470.70 465.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 499.73 465.25 Td (N.V) Tj ET Q q 0 0 0 rg BT 515.38 465.25 Td (. ) Tj ET Q q 0 0 0 rg BT 519.70 465.25 Td (\(formerly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 453.25 Td (named ) Tj ET Q q 0 0 0 rg BT 83.30 453.25 Td (FE ) Tj ET Q q 0 0 0 rg BT 97.61 453.25 Td (New ) Tj ET Q q 0 0 0 rg BT 119.13 453.25 Td (N.V) Tj ET Q q 0 0 0 rg BT 134.79 453.25 Td (.\) ) Tj ET Q q 0 0 0 rg BT 143.26 453.25 Td (following ) Tj ET Q q 0 0 0 rg BT 184.79 453.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.64 453.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 245.05 453.25 Td (and ) Tj ET Q q 0 0 0 rg BT 262.13 453.25 Td (to ) Tj ET Q q 0 0 0 rg BT 272.55 453.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 302.40 453.25 Td (N.V) Tj ET Q q 0 0 0 rg BT 318.05 453.25 Td (.) Tj ET Q q 0 0 0 rg BT 323.33 453.25 Td (s ) Tj ET Q q 0 0 0 rg BT 329.86 453.25 Td (predecessor ) Tj ET Q q 0 0 0 rg BT 379.70 453.25 Td (\(formerly ) Tj ET Q q 0 0 0 rg BT 420.66 453.25 Td (named ) Tj ET Q q 0 0 0 rg BT 449.96 453.25 Td (New ) Tj ET Q q 0 0 0 rg BT 471.48 453.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 509.68 453.25 Td (Netherlands ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 441.25 Td (N.V) Tj ET Q q 0 0 0 rg BT 69.65 441.25 Td (.\), ) Tj ET Q q 0 0 0 rg BT 80.48 441.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 102.42 441.25 Td (to ) Tj ET Q q 0 0 0 rg BT 112.70 441.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.42 441.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 174.91 441.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.74 441.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.46 441.25 Td (Separation.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 409.25 Td (2. ) Tj ET Q q 0 0 0 rg BT 68.45 409.25 Td (AUTHORIZA) Tj ET Q q 0 0 0 rg BT 129.38 409.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 170.96 409.25 Td ( INTERIM CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 346.08 409.25 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 425.25 409.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 439.24 409.25 Td (A) Tj ET Q q 0 0 0 rg BT 445.72 409.25 Td (TEMENTS ) Tj ET Q q 0 0 0 rg BT 496.57 409.25 Td (AND ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 397.25 Td (COMPLIANCE ) Tj ET Q q 0 0 0 rg BT 125.76 397.25 Td (WITH INTERNA) Tj ET Q q 0 0 0 rg BT 201.98 397.25 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 240.88 397.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 299.50 397.25 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 336.65 397.25 Td (TING ST) Tj ET Q q 0 0 0 rg BT 376.20 397.25 Td (ANDARDS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 385.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 373.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 373.25 Td (These ) Tj ET Q q 0 0 0 rg BT 116.52 373.25 Td (Interim ) Tj ET Q q 0 0 0 rg BT 148.60 373.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 195.69 373.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 251.11 373.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 290.97 373.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 337.50 373.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.47 373.25 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 378.33 373.25 Td (N.V) Tj ET Q q 0 0 0 rg BT 393.98 373.25 Td (. ) Tj ET Q q 0 0 0 rg BT 399.13 373.25 Td (were ) Tj ET Q q 0 0 0 rg BT 421.20 373.25 Td (authorized ) Tj ET Q q 0 0 0 rg BT 466.05 373.25 Td (for ) Tj ET Q q 0 0 0 rg BT 480.36 373.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 516.88 373.25 Td (on ) Tj ET Q q 0 0 0 rg BT 529.53 373.25 Td (May ) Tj ET Q q 0 0 0 rg BT 550.50 373.25 Td (3, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 361.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 79.04 361.25 Td (and ) Tj ET Q q 0 0 0 rg BT 96.02 361.25 Td (have ) Tj ET Q q 0 0 0 rg BT 117.44 361.25 Td (been ) Tj ET Q q 0 0 0 rg BT 138.86 361.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 176.38 361.25 Td (in ) Tj ET Q q 0 0 0 rg BT 186.70 361.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 234.21 361.25 Td (with ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 254.53 361.25 Td (IAS ) Tj ET Q q 0 0 0 rg BT 271.51 361.25 Td (34 ) Tj ET Q q 0 0 0 rg BT 284.05 361.25 Td (- ) Tj ET Q q 0 0 0 rg BT 289.93 361.25 Td (Interim ) Tj ET Q q 0 0 0 rg BT 321.91 361.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 363.33 361.25 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.33 361.25 Td (. ) Tj ET Q q 0 0 0 rg BT 408.19 361.25 Td (The ) Tj ET Q q 0 0 0 rg BT 426.28 361.25 Td (Interim ) Tj ET Q q 0 0 0 rg BT 458.25 361.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 505.23 361.25 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 349.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 93.33 349.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 139.32 349.25 Td (should ) Tj ET Q q 0 0 0 rg BT 168.10 349.25 Td (be ) Tj ET Q q 0 0 0 rg BT 179.66 349.25 Td (read ) Tj ET Q q 0 0 0 rg BT 198.98 349.25 Td (in ) Tj ET Q q 0 0 0 rg BT 208.87 349.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 258.19 349.25 Td (with ) Tj ET Q q 0 0 0 rg BT 278.08 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.41 349.25 Td (Group) Tj ET Q q 0 0 0 rg BT 320.74 349.25 Td (s ) Tj ET Q q 0 0 0 rg BT 326.75 349.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 379.40 349.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 416.50 349.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 460.82 349.25 Td (at ) Tj ET Q q 0 0 0 rg BT 470.15 349.25 Td (and ) Tj ET Q q 0 0 0 rg BT 486.71 349.25 Td (for ) Tj ET Q q 0 0 0 rg BT 500.48 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.81 349.25 Td (year ) Tj ET Q q 0 0 0 rg BT 534.13 349.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 337.25 Td (December ) Tj ET Q q 0 0 0 rg BT 98.48 337.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 114.37 337.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 137.77 337.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 156.71 337.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 217.32 337.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 257.92 337.25 Td (Statements\), ) Tj ET Q q 0 0 0 rg BT 315.47 337.25 Td (which ) Tj ET Q q 0 0 0 rg BT 343.30 337.25 Td (have ) Tj ET Q q 0 0 0 rg BT 365.58 337.25 Td (been ) Tj ET Q q 0 0 0 rg BT 387.85 337.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 426.22 337.25 Td (in ) Tj ET Q q 0 0 0 rg BT 437.39 337.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 485.75 337.25 Td (with ) Tj ET Q q 0 0 0 rg BT 506.92 337.25 Td (International ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 325.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 94.69 325.25 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 138.15 325.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 181.06 325.25 Td (\(IFRS\) ) Tj ET Q q 0 0 0 rg BT 221.20 325.25 Td (as ) Tj ET Q q 0 0 0 rg BT 233.00 325.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 261.47 325.25 Td (by ) Tj ET Q q 0 0 0 rg BT 274.95 325.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.64 325.25 Td (International ) Tj ET Q q 0 0 0 rg BT 344.43 325.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 394.56 325.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 437.47 325.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 465.38 325.25 Td (\(IASB\) ) Tj ET Q q 0 0 0 rg BT 507.18 325.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.09 325.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 549.69 325.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 313.25 Td (endorsed ) Tj ET Q q 0 0 0 rg BT 92.96 313.25 Td (by ) Tj ET Q q 0 0 0 rg BT 105.82 313.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.90 313.25 Td (European ) Tj ET Q q 0 0 0 rg BT 162.08 313.25 Td (Union. ) Tj ET Q q 0 0 0 rg BT 192.24 313.25 Td (The ) Tj ET Q q 0 0 0 rg BT 210.65 313.25 Td (designation ) Tj ET Q q 0 0 0 rg BT 259.61 313.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 283.60 313.25 Td (also ) Tj ET Q q 0 0 0 rg BT 302.57 313.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 338.76 313.25 Td (International ) Tj ET Q q 0 0 0 rg BT 392.08 313.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 441.60 313.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 483.90 313.25 Td (\(IAS\) ) Tj ET Q q 0 0 0 rg BT 518.41 313.25 Td (as ) Tj ET Q q 0 0 0 rg BT 529.60 313.25 Td (well ) Tj ET Q q 0 0 0 rg BT 549.68 313.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 301.25 Td (all ) Tj ET Q q 0 0 0 rg BT 66.19 301.25 Td (the ) Tj ET Q q 0 0 0 rg BT 80.60 301.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 140.55 301.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.08 301.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.49 301.25 Td (International ) Tj ET Q q 0 0 0 rg BT 218.77 301.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 258.18 301.25 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 300.36 301.25 Td (Interpretations ) Tj ET Q q 0 0 0 rg BT 360.87 301.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 407.50 301.25 Td (\(IFRIC ) Tj ET Q q 0 0 0 rg BT 447.46 301.25 Td (and ) Tj ET Q q 0 0 0 rg BT 464.10 301.25 Td (SIC\). ) Tj ET Q q 0 0 0 rg BT 496.40 301.25 Td (The ) Tj ET Q q 0 0 0 rg BT 514.14 301.25 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 289.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 87.84 289.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 122.23 289.25 Td (are ) Tj ET Q q 0 0 0 rg BT 137.17 289.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 179.89 289.25 Td (with ) Tj ET Q q 0 0 0 rg BT 200.41 289.25 Td (those ) Tj ET Q q 0 0 0 rg BT 224.25 289.25 Td (used ) Tj ET Q q 0 0 0 rg BT 245.31 289.25 Td (at ) Tj ET Q q 0 0 0 rg BT 255.26 289.25 Td (December ) Tj ET Q q 0 0 0 rg BT 299.08 289.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 314.31 289.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 339.55 289.25 Td (except ) Tj ET Q q 0 0 0 rg BT 368.37 289.25 Td (as ) Tj ET Q q 0 0 0 rg BT 379.44 289.25 Td (described ) Tj ET Q q 0 0 0 rg BT 420.49 289.25 Td (in ) Tj ET Q q 0 0 0 rg BT 431.00 289.25 Td (the ) Tj ET Q q 0 0 0 rg BT 445.95 289.25 Td (section ) Tj ET Q q 0 0 0 rg BT 477.01 289.25 Td (New ) Tj ET Q q 0 0 0 rg BT 503.06 289.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 543.56 289.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 277.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 107.04 277.25 Td (ef) Tj ET Q q 0 0 0 rg BT 114.63 277.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 144.33 277.25 Td (from ) Tj ET Q q 0 0 0 rg BT 166.27 277.25 Td (January ) Tj ET Q q 0 0 0 rg BT 199.87 277.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 209.87 277.25 Td (2018.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 241.25 Td (3. ) Tj ET Q q 0 0 0 rg BT 64.00 241.25 Td ( ) Tj ET Q q 0 0 0 rg BT 66.50 241.25 Td ( ) Tj ET Q q 0 0 0 rg BT 69.00 241.25 Td (BASIS ) Tj ET Q q 0 0 0 rg BT 100.41 241.25 Td (OF) Tj ET Q q 0 0 0 rg BT 113.92 241.25 Td ( ) Tj ET Q q 0 0 0 rg BT 116.42 241.25 Td (PREP) Tj ET Q q 0 0 0 rg BT 141.79 241.25 Td (ARA) Tj ET Q q 0 0 0 rg BT 162.71 241.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 190.77 241.25 Td (FOR ) Tj ET Q q 0 0 0 rg BT 214.38 241.25 Td (INTERIM ) Tj ET Q q 0 0 0 rg BT 261.89 241.25 Td (CONDENSED ) Tj ET Q q 0 0 0 rg BT 327.17 241.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 387.00 241.25 Td (TED ) Tj ET Q q 0 0 0 rg BT 410.06 241.25 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 466.18 241.25 Td ( ) Tj ET Q q 0 0 0 rg BT 468.68 241.25 Td (ST) Tj ET Q q 0 0 0 rg BT 480.17 241.25 Td (A) Tj ET Q q 0 0 0 rg BT 486.65 241.25 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 229.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 217.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 217.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.75 217.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 155.49 217.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.03 217.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.45 217.25 Td (Interim ) Tj ET Q q 0 0 0 rg BT 212.09 217.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 258.74 217.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 313.72 217.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 353.14 217.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 399.23 217.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 433.64 217.25 Td (management ) Tj ET Q q 0 0 0 rg BT 486.94 217.25 Td (to ) Tj ET Q q 0 0 0 rg BT 496.92 217.25 Td (make ) Tj ET Q q 0 0 0 rg BT 520.79 217.25 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 205.25 Td (and ) Tj ET Q q 0 0 0 rg BT 70.31 205.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 121.62 205.25 Td (that ) Tj ET Q q 0 0 0 rg BT 138.48 205.25 Td (af) Tj ET Q q 0 0 0 rg BT 146.07 205.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 162.93 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.01 205.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 212.19 205.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 247.95 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.15 205.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 298.05 205.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 338.52 205.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 366.21 205.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 405.30 205.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.60 205.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 464.02 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.22 205.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 518.30 205.25 Td (liabilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 193.25 Td (If ) Tj ET Q q 0 0 0 rg BT 63.46 193.25 Td (in ) Tj ET Q q 0 0 0 rg BT 74.05 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 89.07 193.25 Td (future ) Tj ET Q q 0 0 0 rg BT 115.75 193.25 Td (such ) Tj ET Q q 0 0 0 rg BT 136.88 193.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 176.90 193.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.14 193.25 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 248.89 193.25 Td (which ) Tj ET Q q 0 0 0 rg BT 276.14 193.25 Td (are ) Tj ET Q q 0 0 0 rg BT 291.15 193.25 Td (based ) Tj ET Q q 0 0 0 rg BT 316.72 193.25 Td (on ) Tj ET Q q 0 0 0 rg BT 329.53 193.25 Td (management) Tj ET Q q 0 0 0 rg BT 383.39 193.25 Td (s ) Tj ET Q q 0 0 0 rg BT 390.09 193.25 Td (best ) Tj ET Q q 0 0 0 rg BT 409.00 193.25 Td (judgment ) Tj ET Q q 0 0 0 rg BT 449.58 193.25 Td (at ) Tj ET Q q 0 0 0 rg BT 459.60 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.62 193.25 Td (date ) Tj ET Q q 0 0 0 rg BT 494.08 193.25 Td (of ) Tj ET Q q 0 0 0 rg BT 505.21 193.25 Td (these ) Tj ET Q q 0 0 0 rg BT 528.57 193.25 Td (Interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 181.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 101.15 181.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 156.63 181.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 196.56 181.25 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 245.65 181.25 Td (deviate ) Tj ET Q q 0 0 0 rg BT 277.23 181.25 Td (from ) Tj ET Q q 0 0 0 rg BT 299.38 181.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.31 181.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 340.90 181.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 402.75 181.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.68 181.25 Td (original ) Tj ET Q q 0 0 0 rg BT 451.49 181.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 491.42 181.25 Td (and ) Tj ET Q q 0 0 0 rg BT 508.56 181.25 Td (assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 169.25 Td (will ) Tj ET Q q 0 0 0 rg BT 71.81 169.25 Td (be ) Tj ET Q q 0 0 0 rg BT 83.50 169.25 Td (modified ) Tj ET Q q 0 0 0 rg BT 121.85 169.25 Td (as ) Tj ET Q q 0 0 0 rg BT 132.43 169.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 180.22 169.25 Td (in ) Tj ET Q q 0 0 0 rg BT 190.25 169.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.71 169.25 Td (period ) Tj ET Q q 0 0 0 rg BT 232.51 169.25 Td (in ) Tj ET Q q 0 0 0 rg BT 242.54 169.25 Td (which ) Tj ET Q q 0 0 0 rg BT 269.23 169.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.70 169.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 342.59 169.25 Td (change. ) Tj ET Q q 0 0 0 rg BT 375.66 169.25 Td (Reference ) Tj ET Q q 0 0 0 rg BT 418.43 169.25 Td (should ) Tj ET Q q 0 0 0 rg BT 447.35 169.25 Td (be ) Tj ET Q q 0 0 0 rg BT 459.04 169.25 Td (made ) Tj ET Q q 0 0 0 rg BT 482.95 169.25 Td (to ) Tj ET Q q 0 0 0 rg BT 492.97 169.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.44 169.25 Td (section ) Tj ET Q q 0 0 0 rg BT 538.02 169.25 Td (Use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 157.25 Td (of ) Tj ET Q q 0 0 0 rg BT 65.05 157.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 109.43 157.25 Td (in ) Tj ET Q q 0 0 0 rg BT 119.93 157.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.87 157.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 190.37 157.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 230.31 157.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 276.92 157.25 Td (for ) Tj ET Q q 0 0 0 rg BT 291.30 157.25 Td (a ) Tj ET Q q 0 0 0 rg BT 298.46 157.25 Td (detailed ) Tj ET Q q 0 0 0 rg BT 332.84 157.25 Td (description ) Tj ET Q q 0 0 0 rg BT 380.00 157.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.05 157.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.99 157.25 Td (more ) Tj ET Q q 0 0 0 rg BT 429.26 157.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 474.20 157.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 514.14 157.25 Td (procedures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 145.25 Td (used ) Tj ET Q q 0 0 0 rg BT 74.83 145.25 Td (by ) Tj ET Q q 0 0 0 rg BT 87.33 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 102.05 145.25 Td (Group.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 121.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 121.25 Td (Moreover) Tj ET Q q 0 0 0 rg BT 129.03 121.25 Td (, ) Tj ET Q q 0 0 0 rg BT 135.07 121.25 Td (in ) Tj ET Q q 0 0 0 rg BT 146.39 121.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 194.89 121.25 Td (with ) Tj ET Q q 0 0 0 rg BT 216.21 121.25 Td (IAS ) Tj ET Q q 0 0 0 rg BT 235.86 121.25 Td (34, ) Tj ET Q q 0 0 0 rg BT 251.90 121.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 282.64 121.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 323.39 121.25 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 373.30 121.25 Td (in ) Tj ET Q q 0 0 0 rg BT 384.62 121.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 426.47 121.25 Td (those ) Tj ET Q q 0 0 0 rg BT 451.12 121.25 Td (of ) Tj ET Q q 0 0 0 rg BT 462.99 121.25 Td (a ) Tj ET Q q 0 0 0 rg BT 470.97 121.25 Td (more ) Tj ET Q q 0 0 0 rg BT 495.05 121.25 Td (complex ) Tj ET Q q 0 0 0 rg BT 533.03 121.25 Td (nature ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 109.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 94.57 109.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 126.25 109.25 Td (such ) Tj ET Q q 0 0 0 rg BT 146.83 109.25 Td (as ) Tj ET Q q 0 0 0 rg BT 157.41 109.25 Td (any ) Tj ET Q q 0 0 0 rg BT 174.10 109.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 222.45 109.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.03 109.25 Td (non-current ) Tj ET Q q 0 0 0 rg BT 281.93 109.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 310.01 109.25 Td (are ) Tj ET Q q 0 0 0 rg BT 324.47 109.25 Td (only ) Tj ET Q q 0 0 0 rg BT 344.50 109.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 374.50 109.25 Td (out ) Tj ET Q q 0 0 0 rg BT 389.53 109.25 Td (in ) Tj ET Q q 0 0 0 rg BT 399.56 109.25 Td (full ) Tj ET Q q 0 0 0 rg BT 415.70 109.25 Td (during ) Tj ET Q q 0 0 0 rg BT 444.06 109.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.53 109.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 506.31 109.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.89 109.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.36 109.25 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 97.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 90.42 97.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 136.56 97.25 Td (when ) Tj ET Q q 0 0 0 rg BT 159.66 97.25 Td (all ) Tj ET Q q 0 0 0 rg BT 171.09 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.74 97.25 Td (information ) Tj ET Q q 0 0 0 rg BT 233.38 97.25 Td (required ) Tj ET Q q 0 0 0 rg BT 268.13 97.25 Td (is ) Tj ET Q q 0 0 0 rg BT 276.24 97.25 Td (available, ) Tj ET Q q 0 0 0 rg BT 316.26 97.25 Td (other ) Tj ET Q q 0 0 0 rg BT 338.24 97.25 Td (than ) Tj ET Q q 0 0 0 rg BT 356.89 97.25 Td (in ) Tj ET Q q 0 0 0 rg BT 366.11 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.76 97.25 Td (event ) Tj ET Q q 0 0 0 rg BT 402.85 97.25 Td (that ) Tj ET Q q 0 0 0 rg BT 419.28 97.25 Td (there ) Tj ET Q q 0 0 0 rg BT 440.70 97.25 Td (are ) Tj ET Q q 0 0 0 rg BT 454.34 97.25 Td (indications ) Tj ET Q q 0 0 0 rg BT 499.66 97.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.42 97.25 Td (impairment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 85.25 Td (when ) Tj ET Q q 0 0 0 rg BT 77.94 85.25 Td (an ) Tj ET Q q 0 0 0 rg BT 89.65 85.25 Td (immediate ) Tj ET Q q 0 0 0 rg BT 134.14 85.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 180.86 85.25 Td (is ) Tj ET Q q 0 0 0 rg BT 189.80 85.25 Td (necessary) Tj ET Q q 0 0 0 rg BT 228.02 85.25 Td (. ) Tj ET Q q 0 0 0 rg BT 232.80 85.25 Td (In ) Tj ET Q q 0 0 0 rg BT 243.41 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.90 85.25 Td (same ) Tj ET Q q 0 0 0 rg BT 280.73 85.25 Td (way) Tj ET Q q 0 0 0 rg BT 296.74 85.25 Td (, ) Tj ET Q q 0 0 0 rg BT 301.51 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.01 85.25 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 352.71 85.25 Td (valuations ) Tj ET Q q 0 0 0 rg BT 396.09 85.25 Td (that ) Tj ET Q q 0 0 0 rg BT 413.36 85.25 Td (are ) Tj ET Q q 0 0 0 rg BT 427.85 85.25 Td (required ) Tj ET Q q 0 0 0 rg BT 463.44 85.25 Td (for ) Tj ET Q q 0 0 0 rg BT 477.38 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.87 85.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 549.69 85.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 73.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 95.16 73.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 125.22 73.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 169.18 73.25 Td (are ) Tj ET Q q 0 0 0 rg BT 183.68 73.25 Td (also ) Tj ET Q q 0 0 0 rg BT 202.08 73.25 Td (usually ) Tj ET Q q 0 0 0 rg BT 233.26 73.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 263.31 73.25 Td (out ) Tj ET Q q 0 0 0 rg BT 278.38 73.25 Td (during ) Tj ET Q q 0 0 0 rg BT 306.78 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.29 73.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 369.11 73.25 Td (of ) Tj ET Q q 0 0 0 rg BT 379.74 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.25 73.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 423.19 73.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 476.03 73.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 513.30 73.25 Td (statements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 61.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 81.50 61.25 Td (in ) Tj ET Q q 0 0 0 rg BT 91.78 61.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.50 61.25 Td (event ) Tj ET Q q 0 0 0 rg BT 130.65 61.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.48 61.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 186.19 61.25 Td (market ) Tj ET Q q 0 0 0 rg BT 216.46 61.25 Td (fluctuation, ) Tj ET Q q 0 0 0 rg BT 264.78 61.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 284.49 61.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 337.54 61.25 Td (or ) Tj ET Q q 0 0 0 rg BT 348.37 61.25 Td (curtailments ) Tj ET Q q 0 0 0 rg BT 400.29 61.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.23 61.25 Td (settlements.) Tj ET Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 297.65 32.20 Td (F-7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 713.25 Td (New ) Tj ET Q q 0 0 0 rg BT 75.38 713.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 120.12 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.74 713.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 195.68 713.25 Td (effective ) Tj ET Q q 0 0 0 rg BT 233.71 713.25 Td (fr) Tj ET Q q 0 0 0 rg BT 241.29 713.25 Td (om ) Tj ET Q q 0 0 0 rg BT 257.13 713.25 Td (January1, ) Tj ET Q q 0 0 0 rg BT 305.19 713.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 689.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.05 689.25 Td (following ) Tj ET Q q 0 0 0 rg BT 149.43 689.25 Td (new ) Tj ET Q q 0 0 0 rg BT 168.59 689.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 208.86 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 225.80 689.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 278.84 689.25 Td (ef) Tj ET Q q 0 0 0 rg BT 286.43 689.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 316.13 689.25 Td (from ) Tj ET Q q 0 0 0 rg BT 338.07 689.25 Td (January1, ) Tj ET Q q 0 0 0 rg BT 381.67 689.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 404.17 689.25 Td (were ) Tj ET Q q 0 0 0 rg BT 426.10 689.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 460.25 689.25 Td (by ) Tj ET Q q 0 0 0 rg BT 472.75 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.47 689.25 Td (Group.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 665.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 79.29 665.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 91.79 665.25 Td (- ) Tj ET Q q 0 0 0 rg BT 97.62 665.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 135.67 665.25 Td (from ) Tj ET Q q 0 0 0 rg BT 158.17 665.25 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 200.68 665.25 Td (with ) Tj ET Q q 0 0 0 rg BT 220.97 665.25 Td (Customers) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.87 665.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 641.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 113.48 641.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 125.84 641.25 Td (applies ) Tj ET Q q 0 0 0 rg BT 156.52 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 166.66 641.25 Td (all ) Tj ET Q q 0 0 0 rg BT 179.01 641.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 216.90 641.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 246.48 641.25 Td (from ) Tj ET Q q 0 0 0 rg BT 268.27 641.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 306.72 641.25 Td (with ) Tj ET Q q 0 0 0 rg BT 326.86 641.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 369.76 641.25 Td (\(unless ) Tj ET Q q 0 0 0 rg BT 400.45 641.25 Td (those ) Tj ET Q q 0 0 0 rg BT 423.92 641.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 462.37 641.25 Td (are ) Tj ET Q q 0 0 0 rg BT 476.93 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 487.07 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.64 641.25 Td (scope ) Tj ET Q q 0 0 0 rg BT 526.77 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 537.46 641.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.25 Td (standards\) ) Tj ET Q q 0 0 0 rg BT 98.13 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.60 629.25 Td (replaces ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 151.39 629.25 Td (IAS ) Tj ET Q q 0 0 0 rg BT 168.86 629.25 Td (18 ) Tj ET Q q 0 0 0 rg BT 181.89 629.25 Td (- ) Tj ET Q q 0 0 0 rg BT 188.25 629.25 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.12 629.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.65 629.25 Td (IAS ) Tj ET Q q 0 0 0 rg BT 245.12 629.25 Td (1) Tj ET Q q 0 0 0 rg BT 249.38 629.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 257.41 629.25 Td (- ) Tj ET Q q 0 0 0 rg BT 263.77 629.25 Td (Construction ) Tj ET Q q 0 0 0 rg BT 319.03 629.25 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.48 629.25 Td ( ) Tj ET Q q 0 0 0 rg BT 361.51 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.98 629.25 Td (related ) Tj ET Q q 0 0 0 rg BT 409.21 629.25 Td (interpretations. ) Tj ET Q q 0 0 0 rg BT 472.29 629.25 Td (The ) Tj ET Q q 0 0 0 rg BT 490.87 629.25 Td (core ) Tj ET Q q 0 0 0 rg BT 511.10 629.25 Td (principle ) Tj ET Q q 0 0 0 rg BT 549.68 629.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 77.36 617.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 89.59 617.25 Td (is ) Tj ET Q q 0 0 0 rg BT 98.49 617.25 Td (that ) Tj ET Q q 0 0 0 rg BT 115.72 617.25 Td (an ) Tj ET Q q 0 0 0 rg BT 127.40 617.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 152.40 617.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 197.39 617.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 231.27 617.25 Td (to ) Tj ET Q q 0 0 0 rg BT 241.28 617.25 Td (depict ) Tj ET Q q 0 0 0 rg BT 267.95 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.40 617.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 315.17 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.74 617.25 Td (promised ) Tj ET Q q 0 0 0 rg BT 365.19 617.25 Td (goods ) Tj ET Q q 0 0 0 rg BT 391.31 617.25 Td (or ) Tj ET Q q 0 0 0 rg BT 401.88 617.25 Td (services ) Tj ET Q q 0 0 0 rg BT 436.32 617.25 Td (to ) Tj ET Q q 0 0 0 rg BT 446.33 617.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 489.11 617.25 Td (in ) Tj ET Q q 0 0 0 rg BT 499.12 617.25 Td (an ) Tj ET Q q 0 0 0 rg BT 510.79 617.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 543.02 617.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 85.95 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.69 605.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 157.09 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.83 605.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 197.13 605.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 229.64 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 239.95 605.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 271.34 605.25 Td (in ) Tj ET Q q 0 0 0 rg BT 281.64 605.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 321.92 605.25 Td (for ) Tj ET Q q 0 0 0 rg BT 336.11 605.25 Td (those ) Tj ET Q q 0 0 0 rg BT 359.74 605.25 Td (goods ) Tj ET Q q 0 0 0 rg BT 386.16 605.25 Td (or ) Tj ET Q q 0 0 0 rg BT 397.01 605.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 434.06 605.25 Td (The ) Tj ET Q q 0 0 0 rg BT 452.14 605.25 Td (new ) Tj ET Q q 0 0 0 rg BT 471.32 605.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 507.73 605.25 Td (establishes ) Tj ET Q q 0 0 0 rg BT 553.58 605.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 593.25 Td (five ) Tj ET Q q 0 0 0 rg BT 71.28 593.25 Td (step ) Tj ET Q q 0 0 0 rg BT 89.12 593.25 Td (model ) Tj ET Q q 0 0 0 rg BT 115.85 593.25 Td (to ) Tj ET Q q 0 0 0 rg BT 125.36 593.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 165.95 593.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 199.33 593.25 Td (in ) Tj ET Q q 0 0 0 rg BT 208.84 593.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 255.54 593.25 Td (with ) Tj ET Q q 0 0 0 rg BT 275.05 593.25 Td (this ) Tj ET Q q 0 0 0 rg BT 291.23 593.25 Td (core ) Tj ET Q q 0 0 0 rg BT 310.17 593.25 Td (principle. ) Tj ET Q q 0 0 0 rg BT 349.81 593.25 Td (The ) Tj ET Q q 0 0 0 rg BT 367.09 593.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 394.38 593.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 427.77 593.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 450.62 593.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 462.35 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.52 593.25 Td (related ) Tj ET Q q 0 0 0 rg BT 507.46 593.25 Td (amendments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 581.25 Td (using ) Tj ET Q q 0 0 0 rg BT 77.95 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 92.44 581.25 Td (modified ) Tj ET Q q 0 0 0 rg BT 130.82 581.25 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 184.74 581.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 223.66 581.25 Td (with ) Tj ET Q q 0 0 0 rg BT 243.72 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.21 581.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 304.92 581.25 Td (ef) Tj ET Q q 0 0 0 rg BT 312.50 581.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 329.77 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.37 581.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 365.98 581.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 403.25 581.25 Td (\(if ) Tj ET Q q 0 0 0 rg BT 414.97 581.25 Td (any\) ) Tj ET Q q 0 0 0 rg BT 435.01 581.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 481.15 581.25 Td (at ) Tj ET Q q 0 0 0 rg BT 490.64 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 505.14 581.25 Td (date ) Tj ET Q q 0 0 0 rg BT 524.07 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 534.68 581.25 Td (initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.25 Td (application ) Tj ET Q q 0 0 0 rg BT 100.67 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.25 569.25 Td (January ) Tj ET Q q 0 0 0 rg BT 144.60 569.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 154.34 569.25 Td (2018. ) Tj ET Q q 0 0 0 rg BT 178.93 569.25 Td (The ) Tj ET Q q 0 0 0 rg BT 196.72 569.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 224.52 569.25 Td (analyzed ) Tj ET Q q 0 0 0 rg BT 262.29 569.25 Td (each ) Tj ET Q q 0 0 0 rg BT 282.86 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.43 569.25 Td (its ) Tj ET Q q 0 0 0 rg BT 305.13 569.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 339.02 569.25 Td (streams ) Tj ET Q q 0 0 0 rg BT 371.81 569.25 Td (by ) Tj ET Q q 0 0 0 rg BT 384.06 569.25 Td (applying ) Tj ET Q q 0 0 0 rg BT 421.30 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.76 569.25 Td (five-step ) Tj ET Q q 0 0 0 rg BT 472.99 569.25 Td (model ) Tj ET Q q 0 0 0 rg BT 500.23 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 516.92 569.25 Td (concluded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 557.25 Td (that ) Tj ET Q q 0 0 0 rg BT 71.59 557.25 Td (its ) Tj ET Q q 0 0 0 rg BT 83.63 557.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 130.10 557.25 Td (for ) Tj ET Q q 0 0 0 rg BT 144.36 557.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 178.60 557.25 Td (under ) Tj ET Q q 0 0 0 rg BT 203.96 557.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 227.68 557.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 240.27 557.25 Td (did ) Tj ET Q q 0 0 0 rg BT 255.65 557.25 Td (not ) Tj ET Q q 0 0 0 rg BT 271.02 557.25 Td (result ) Tj ET Q q 0 0 0 rg BT 295.83 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 306.21 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.02 557.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 369.16 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.08 557.25 Td (a ) Tj ET Q q 0 0 0 rg BT 387.12 557.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 434.14 557.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 480.62 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 490.99 557.25 Td (opening ) Tj ET Q q 0 0 0 rg BT 525.80 557.25 Td (retained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 545.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 90.91 545.25 Td (under ) Tj ET Q q 0 0 0 rg BT 116.71 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.97 545.25 Td (modified ) Tj ET Q q 0 0 0 rg BT 171.10 545.25 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 225.78 545.25 Td (approach, ) Tj ET Q q 0 0 0 rg BT 267.96 545.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 284.32 545.25 Td (did ) Tj ET Q q 0 0 0 rg BT 300.14 545.25 Td (it ) Tj ET Q q 0 0 0 rg BT 308.73 545.25 Td (have ) Tj ET Q q 0 0 0 rg BT 330.64 545.25 Td (a ) Tj ET Q q 0 0 0 rg BT 338.11 545.25 Td (material ) Tj ET Q q 0 0 0 rg BT 373.91 545.25 Td (ef) Tj ET Q q 0 0 0 rg BT 381.50 545.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 399.52 545.25 Td (on ) Tj ET Q q 0 0 0 rg BT 412.55 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.80 545.25 Td (Company) Tj ET Q q 0 0 0 rg BT 469.47 545.25 Td (s ) Tj ET Q q 0 0 0 rg BT 476.39 545.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 514.41 545.25 Td (position ) Tj ET Q q 0 0 0 rg BT 549.67 545.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 533.25 Td (results ) Tj ET Q q 0 0 0 rg BT 82.61 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.44 533.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 137.41 533.25 Td (The ) Tj ET Q q 0 0 0 rg BT 155.46 533.25 Td (Group) Tj ET Q q 0 0 0 rg BT 183.79 533.25 Td (s ) Tj ET Q q 0 0 0 rg BT 190.18 533.25 Td (updated ) Tj ET Q q 0 0 0 rg BT 224.34 533.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 258.48 533.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 304.85 533.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 332.35 533.25 Td (is ) Tj ET Q q 0 0 0 rg BT 341.52 533.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 379.57 533.25 Td (below) Tj ET Q q 0 0 0 rg BT 403.36 533.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 509.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 128.05 509.25 Td (recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 485.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.31 485.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 136.63 485.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 171.05 485.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 194.94 485.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 207.70 485.25 Td (using ) Tj ET Q q 0 0 0 rg BT 232.14 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 247.12 485.25 Td (modified ) Tj ET Q q 0 0 0 rg BT 285.99 485.25 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 340.39 485.25 Td (method ) Tj ET Q q 0 0 0 rg BT 373.15 485.25 Td (as ) Tj ET Q q 0 0 0 rg BT 384.25 485.25 Td (applied ) Tj ET Q q 0 0 0 rg BT 416.45 485.25 Td (to ) Tj ET Q q 0 0 0 rg BT 426.99 485.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 466.41 485.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 505.27 485.25 Td (that ) Tj ET Q q 0 0 0 rg BT 523.03 485.25 Td (were ) Tj ET Q q 0 0 0 rg BT 545.23 485.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 98.59 473.25 Td (as ) Tj ET Q q 0 0 0 rg BT 109.87 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 121.14 473.25 Td (January ) Tj ET Q q 0 0 0 rg BT 155.18 473.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 165.63 473.25 Td (2018. ) Tj ET Q q 0 0 0 rg BT 190.42 473.25 Td (As ) Tj ET Q q 0 0 0 rg BT 204.48 473.25 Td (a ) Tj ET Q q 0 0 0 rg BT 211.86 473.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 239.52 473.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 277.44 473.25 Td (information ) Tj ET Q q 0 0 0 rg BT 327.60 473.25 Td (for ) Tj ET Q q 0 0 0 rg BT 342.20 473.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 381.80 473.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 414.18 473.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 457.12 473.25 Td (after ) Tj ET Q q 0 0 0 rg BT 478.38 473.25 Td (January ) Tj ET Q q 0 0 0 rg BT 512.42 473.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 522.86 473.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 545.81 473.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 461.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 96.20 461.25 Td (under ) Tj ET Q q 0 0 0 rg BT 122.86 461.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 147.87 461.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 164.26 461.25 Td (while ) Tj ET Q q 0 0 0 rg BT 190.36 461.25 Td (comparative ) Tj ET Q q 0 0 0 rg BT 243.67 461.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 282.53 461.25 Td (information ) Tj ET Q q 0 0 0 rg BT 333.63 461.25 Td (has ) Tj ET Q q 0 0 0 rg BT 350.85 461.25 Td (not ) Tj ET Q q 0 0 0 rg BT 367.52 461.25 Td (been ) Tj ET Q q 0 0 0 rg BT 390.28 461.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 427.49 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.82 461.25 Td (continues ) Tj ET Q q 0 0 0 rg BT 488.03 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 499.70 461.25 Td (be ) Tj ET Q q 0 0 0 rg BT 513.02 461.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 550.22 461.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 449.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 101.46 449.25 Td (with ) Tj ET Q q 0 0 0 rg BT 121.74 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.46 449.25 Td (Group) Tj ET Q q 0 0 0 rg BT 164.79 449.25 Td (s ) Tj ET Q q 0 0 0 rg BT 171.18 449.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 210.89 449.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 257.26 449.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 284.76 449.25 Td (for ) Tj ET Q q 0 0 0 rg BT 298.92 449.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 333.06 449.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 381.10 449.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 403.04 449.25 Td (to ) Tj ET Q q 0 0 0 rg BT 413.32 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.04 449.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 465.53 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 476.36 449.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 499.99 449.25 Td (15.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 425.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 127.24 425.25 Td (is ) Tj ET Q q 0 0 0 rg BT 136.17 425.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 182.29 425.25 Td (when ) Tj ET Q q 0 0 0 rg BT 206.21 425.25 Td (control ) Tj ET Q q 0 0 0 rg BT 236.79 425.25 Td (over ) Tj ET Q q 0 0 0 rg BT 256.82 425.25 Td (a ) Tj ET Q q 0 0 0 rg BT 263.52 425.25 Td (product ) Tj ET Q q 0 0 0 rg BT 296.32 425.25 Td (or ) Tj ET Q q 0 0 0 rg BT 306.91 425.25 Td (service ) Tj ET Q q 0 0 0 rg BT 337.49 425.25 Td (is ) Tj ET Q q 0 0 0 rg BT 346.41 425.25 Td (transferred ) Tj ET Q q 0 0 0 rg BT 391.98 425.25 Td (to ) Tj ET Q q 0 0 0 rg BT 402.01 425.25 Td (a ) Tj ET Q q 0 0 0 rg BT 408.71 425.25 Td (customer) Tj ET Q q 0 0 0 rg BT 444.81 425.25 Td (. ) Tj ET Q q 0 0 0 rg BT 449.57 425.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 486.82 425.25 Td (is ) Tj ET Q q 0 0 0 rg BT 495.74 425.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 536.32 425.25 Td (at ) Tj ET Q q 0 0 0 rg BT 545.79 425.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 413.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 100.43 413.25 Td (price ) Tj ET Q q 0 0 0 rg BT 122.98 413.25 Td (which ) Tj ET Q q 0 0 0 rg BT 149.98 413.25 Td (is ) Tj ET Q q 0 0 0 rg BT 159.21 413.25 Td (based ) Tj ET Q q 0 0 0 rg BT 184.53 413.25 Td (on ) Tj ET Q q 0 0 0 rg BT 197.09 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.87 413.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 244.43 413.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.32 413.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 311.75 413.25 Td (that ) Tj ET Q q 0 0 0 rg BT 329.30 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.08 413.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 372.19 413.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 404.74 413.25 Td (to ) Tj ET Q q 0 0 0 rg BT 415.08 413.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 446.50 413.25 Td (in ) Tj ET Q q 0 0 0 rg BT 456.84 413.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 497.15 413.25 Td (for ) Tj ET Q q 0 0 0 rg BT 511.37 413.25 Td (transferring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 68.43 401.25 Td (promised ) Tj ET Q q 0 0 0 rg BT 107.85 401.25 Td (goods ) Tj ET Q q 0 0 0 rg BT 133.95 401.25 Td (or ) Tj ET Q q 0 0 0 rg BT 144.49 401.25 Td (services ) Tj ET Q q 0 0 0 rg BT 178.90 401.25 Td (to ) Tj ET Q q 0 0 0 rg BT 188.89 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.32 401.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 242.18 401.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.83 401.25 Td (excludes ) Tj ET Q q 0 0 0 rg BT 296.02 401.25 Td (any ) Tj ET Q q 0 0 0 rg BT 312.67 401.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 334.32 401.25 Td (incentives ) Tj ET Q q 0 0 0 rg BT 377.07 401.25 Td (as ) Tj ET Q q 0 0 0 rg BT 387.60 401.25 Td (well ) Tj ET Q q 0 0 0 rg BT 407.03 401.25 Td (as ) Tj ET Q q 0 0 0 rg BT 417.57 401.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 440.32 401.25 Td (collected ) Tj ET Q q 0 0 0 rg BT 478.62 401.25 Td (from ) Tj ET Q q 0 0 0 rg BT 500.27 401.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 543.02 401.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 389.25 Td (are ) Tj ET Q q 0 0 0 rg BT 68.75 389.25 Td (remitted ) Tj ET Q q 0 0 0 rg BT 104.61 389.25 Td (to ) Tj ET Q q 0 0 0 rg BT 114.93 389.25 Td (government ) Tj ET Q q 0 0 0 rg BT 165.24 389.25 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 212.31 389.25 Td (The ) Tj ET Q q 0 0 0 rg BT 230.39 389.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 276.81 389.25 Td (price ) Tj ET Q q 0 0 0 rg BT 299.33 389.25 Td (will ) Tj ET Q q 0 0 0 rg BT 317.43 389.25 Td (include ) Tj ET Q q 0 0 0 rg BT 349.41 389.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 389.16 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.03 389.25 Td (variable ) Tj ET Q q 0 0 0 rg BT 434.78 389.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 491.19 389.25 Td (to ) Tj ET Q q 0 0 0 rg BT 501.51 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.27 389.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 543.24 389.25 Td (it ) Tj ET Q q 0 0 0 rg BT 551.34 389.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 377.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 91.28 377.25 Td (that ) Tj ET Q q 0 0 0 rg BT 108.56 377.25 Td (a ) Tj ET Q q 0 0 0 rg BT 115.29 377.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 159.79 377.25 Td (reversal ) Tj ET Q q 0 0 0 rg BT 193.73 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.35 377.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 238.28 377.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 284.43 377.25 Td (will ) Tj ET Q q 0 0 0 rg BT 302.28 377.25 Td (not ) Tj ET Q q 0 0 0 rg BT 317.35 377.25 Td (occur) Tj ET Q q 0 0 0 rg BT 339.00 377.25 Td (. ) Tj ET Q q 0 0 0 rg BT 343.63 377.25 Td (The ) Tj ET Q q 0 0 0 rg BT 361.47 377.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 389.31 377.25 Td (enters ) Tj ET Q q 0 0 0 rg BT 415.48 377.25 Td (into ) Tj ET Q q 0 0 0 rg BT 433.32 377.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 471.71 377.25 Td (that ) Tj ET Q q 0 0 0 rg BT 488.99 377.25 Td (may ) Tj ET Q q 0 0 0 rg BT 508.50 377.25 Td (include ) Tj ET Q q 0 0 0 rg BT 540.22 377.25 Td (both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 365.25 Td (products ) Tj ET Q q 0 0 0 rg BT 90.94 365.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.88 365.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 145.08 365.25 Td (which ) Tj ET Q q 0 0 0 rg BT 172.02 365.25 Td (are ) Tj ET Q q 0 0 0 rg BT 186.73 365.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 226.43 365.25 Td (capable ) Tj ET Q q 0 0 0 rg BT 259.46 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 270.29 365.25 Td (being ) Tj ET Q q 0 0 0 rg BT 295.01 365.25 Td (distinct ) Tj ET Q q 0 0 0 rg BT 326.95 365.25 Td (and ) Tj ET Q q 0 0 0 rg BT 343.89 365.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 386.92 365.25 Td (for ) Tj ET Q q 0 0 0 rg BT 401.08 365.25 Td (as ) Tj ET Q q 0 0 0 rg BT 411.92 365.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 447.17 365.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 500.19 365.25 Td (obligations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 341.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.16 341.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 136.33 341.25 Td (generates ) Tj ET Q q 0 0 0 rg BT 176.70 341.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 210.96 341.25 Td (from ) Tj ET Q q 0 0 0 rg BT 233.01 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 247.84 341.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 266.00 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.95 341.25 Td (cars, ) Tj ET Q q 0 0 0 rg BT 298.16 341.25 Td (spare ) Tj ET Q q 0 0 0 rg BT 321.88 341.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 343.93 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 360.98 341.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 394.14 341.25 Td (as ) Tj ET Q q 0 0 0 rg BT 405.09 341.25 Td (well ) Tj ET Q q 0 0 0 rg BT 424.92 341.25 Td (as ) Tj ET Q q 0 0 0 rg BT 435.86 341.25 Td (from ) Tj ET Q q 0 0 0 rg BT 457.92 341.25 Td (sponsorship, ) Tj ET Q q 0 0 0 rg BT 510.82 341.25 Td (commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 71.23 329.25 Td (brand ) Tj ET Q q 0 0 0 rg BT 96.79 329.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 137.98 329.25 Td (The ) Tj ET Q q 0 0 0 rg BT 156.31 329.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 184.66 329.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 222.43 329.25 Td (for ) Tj ET Q q 0 0 0 rg BT 236.88 329.25 Td (a ) Tj ET Q q 0 0 0 rg BT 244.11 329.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 279.10 329.25 Td (with ) Tj ET Q q 0 0 0 rg BT 299.67 329.25 Td (a ) Tj ET Q q 0 0 0 rg BT 306.90 329.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 346.35 329.25 Td (when ) Tj ET Q q 0 0 0 rg BT 370.80 329.25 Td (there ) Tj ET Q q 0 0 0 rg BT 393.57 329.25 Td (is ) Tj ET Q q 0 0 0 rg BT 403.03 329.25 Td (a ) Tj ET Q q 0 0 0 rg BT 410.26 329.25 Td (legally ) Tj ET Q q 0 0 0 rg BT 440.27 329.25 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 489.69 329.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 524.68 329.25 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 68.55 317.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 96.43 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 113.20 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.75 317.25 Td (customer) Tj ET Q q 0 0 0 rg BT 164.00 317.25 Td (, ) Tj ET Q q 0 0 0 rg BT 168.84 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.38 317.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 208.49 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.16 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.70 317.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 262.69 317.25 Td (are ) Tj ET Q q 0 0 0 rg BT 277.23 317.25 Td (identified, ) Tj ET Q q 0 0 0 rg BT 320.38 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 334.93 317.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 369.46 317.25 Td (has ) Tj ET Q q 0 0 0 rg BT 385.13 317.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 434.65 317.25 Td (substance, ) Tj ET Q q 0 0 0 rg BT 478.36 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 495.13 317.25 Td (collectability ) Tj ET Q q 0 0 0 rg BT 549.67 317.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 68.72 305.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 103.42 305.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 159.79 305.25 Td (is ) Tj ET Q q 0 0 0 rg BT 168.96 305.25 Td (probable. ) Tj ET Q q 0 0 0 rg BT 208.95 305.25 Td (Payments ) Tj ET Q q 0 0 0 rg BT 250.33 305.25 Td (from ) Tj ET Q q 0 0 0 rg BT 272.27 305.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 315.32 305.25 Td (are ) Tj ET Q q 0 0 0 rg BT 330.03 305.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 367.52 305.25 Td (due ) Tj ET Q q 0 0 0 rg BT 384.45 305.25 Td (within ) Tj ET Q q 0 0 0 rg BT 412.51 305.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 425.01 305.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.95 305.25 Td (40 ) Tj ET Q q 0 0 0 rg BT 454.45 305.25 Td (days ) Tj ET Q q 0 0 0 rg BT 475.28 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 486.11 305.25 Td (invoicing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 281.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 281.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.73 281.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 135.46 281.25 Td (does ) Tj ET Q q 0 0 0 rg BT 155.97 281.25 Td (not ) Tj ET Q q 0 0 0 rg BT 170.93 281.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 211.98 281.25 Td (any ) Tj ET Q q 0 0 0 rg BT 228.60 281.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 254.11 281.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 297.38 281.25 Td (with ) Tj ET Q q 0 0 0 rg BT 317.34 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.74 281.25 Td (incremental ) Tj ET Q q 0 0 0 rg BT 381.12 281.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 403.30 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.82 281.25 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 453.77 281.25 Td (a ) Tj ET Q q 0 0 0 rg BT 460.39 281.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 494.77 281.25 Td (with ) Tj ET Q q 0 0 0 rg BT 514.73 281.25 Td (a ) Tj ET Q q 0 0 0 rg BT 521.35 281.25 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 269.25 Td (that ) Tj ET Q q 0 0 0 rg BT 71.43 269.25 Td (are ) Tj ET Q q 0 0 0 rg BT 86.08 269.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 124.05 269.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.26 269.25 Td (be ) Tj ET Q q 0 0 0 rg BT 146.14 269.25 Td (recovered. ) Tj ET Q q 0 0 0 rg BT 190.32 269.25 Td (The ) Tj ET Q q 0 0 0 rg BT 208.30 269.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 244.62 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.39 269.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 289.47 269.25 Td (is ) Tj ET Q q 0 0 0 rg BT 298.58 269.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 344.88 269.25 Td (at ) Tj ET Q q 0 0 0 rg BT 354.54 269.25 Td (a ) Tj ET Q q 0 0 0 rg BT 361.41 269.25 Td (point-in-time ) Tj ET Q q 0 0 0 rg BT 416.62 269.25 Td (or ) Tj ET Q q 0 0 0 rg BT 427.39 269.25 Td (over ) Tj ET Q q 0 0 0 rg BT 447.59 269.25 Td (a ) Tj ET Q q 0 0 0 rg BT 454.47 269.25 Td (period ) Tj ET Q q 0 0 0 rg BT 482.46 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.22 269.25 Td (one ) Tj ET Q q 0 0 0 rg BT 510.10 269.25 Td (year ) Tj ET Q q 0 0 0 rg BT 529.74 269.25 Td (or ) Tj ET Q q 0 0 0 rg BT 540.51 269.25 Td (less, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 71.47 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 86.71 257.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 115.29 257.25 Td (applies ) Tj ET Q q 0 0 0 rg BT 146.65 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.89 257.25 Td (practical ) Tj ET Q q 0 0 0 rg BT 199.34 257.25 Td (expedient ) Tj ET Q q 0 0 0 rg BT 241.24 257.25 Td (to ) Tj ET Q q 0 0 0 rg BT 252.05 257.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 293.94 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.19 257.25 Td (incremental ) Tj ET Q q 0 0 0 rg BT 359.41 257.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 382.44 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 393.80 257.25 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 434.60 257.25 Td (a ) Tj ET Q q 0 0 0 rg BT 442.07 257.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 477.30 257.25 Td (as ) Tj ET Q q 0 0 0 rg BT 488.66 257.25 Td (an ) Tj ET Q q 0 0 0 rg BT 501.13 257.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 536.36 257.25 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 245.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 89.82 245.25 Td (if ) Tj ET Q q 0 0 0 rg BT 98.42 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.14 245.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 166.18 245.25 Td (period ) Tj ET Q q 0 0 0 rg BT 194.22 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 205.05 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.77 245.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 241.71 245.25 Td (that ) Tj ET Q q 0 0 0 rg BT 259.21 245.25 Td (would ) Tj ET Q q 0 0 0 rg BT 286.71 245.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 328.08 245.25 Td (be ) Tj ET Q q 0 0 0 rg BT 340.02 245.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 386.38 245.25 Td (is ) Tj ET Q q 0 0 0 rg BT 395.55 245.25 Td (one ) Tj ET Q q 0 0 0 rg BT 412.49 245.25 Td (year ) Tj ET Q q 0 0 0 rg BT 432.20 245.25 Td (or ) Tj ET Q q 0 0 0 rg BT 443.03 245.25 Td (less.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 221.25 Td (Cars, ) Tj ET Q q 0 0 0 rg BT 78.45 221.25 Td (spar) Tj ET Q q 0 0 0 rg BT 95.87 221.25 Td (e ) Tj ET Q q 0 0 0 rg BT 102.80 221.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 125.87 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.37 221.25 Td (engines) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 197.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.17 197.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 130.23 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.18 197.25 Td (cars, ) Tj ET Q q 0 0 0 rg BT 162.40 197.25 Td (spare ) Tj ET Q q 0 0 0 rg BT 186.12 197.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 208.18 197.25 Td (and ) Tj ET Q q 0 0 0 rg BT 225.24 197.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 258.41 197.25 Td (have ) Tj ET Q q 0 0 0 rg BT 279.90 197.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 315.85 197.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 369.00 197.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 416.06 197.25 Td (that ) Tj ET Q q 0 0 0 rg BT 433.68 197.25 Td (include ) Tj ET Q q 0 0 0 rg BT 465.73 197.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 505.29 197.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 542.62 197.25 Td (or ) Tj ET Q q 0 0 0 rg BT 553.57 197.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 185.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 105.57 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.48 185.25 Td (products ) Tj ET Q q 0 0 0 rg BT 151.50 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.53 185.25 Td (services ) Tj ET Q q 0 0 0 rg BT 201.31 185.25 Td (as ) Tj ET Q q 0 0 0 rg BT 211.23 185.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 248.90 185.25 Td (may ) Tj ET Q q 0 0 0 rg BT 267.70 185.25 Td (include ) Tj ET Q q 0 0 0 rg BT 298.72 185.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 350.83 185.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 390.18 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 406.20 185.25 Td (extended ) Tj ET Q q 0 0 0 rg BT 443.87 185.25 Td (warranties ) Tj ET Q q 0 0 0 rg BT 487.10 185.25 Td (that ) Tj ET Q q 0 0 0 rg BT 503.68 185.25 Td (are ) Tj ET Q q 0 0 0 rg BT 517.47 185.25 Td (separately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 173.25 Td (priced ) Tj ET Q q 0 0 0 rg BT 82.06 173.25 Td (or ) Tj ET Q q 0 0 0 rg BT 93.46 173.25 Td (not ) Tj ET Q q 0 0 0 rg BT 109.31 173.25 Td (separately ) Tj ET Q q 0 0 0 rg BT 152.91 173.25 Td (priced. ) Tj ET Q q 0 0 0 rg BT 183.47 173.25 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 224.86 173.25 Td (may ) Tj ET Q q 0 0 0 rg BT 245.15 173.25 Td (also ) Tj ET Q q 0 0 0 rg BT 264.33 173.25 Td (include ) Tj ET Q q 0 0 0 rg BT 296.84 173.25 Td (variable ) Tj ET Q q 0 0 0 rg BT 332.11 173.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 389.05 173.25 Td (for ) Tj ET Q q 0 0 0 rg BT 403.79 173.25 Td (discounts ) Tj ET Q q 0 0 0 rg BT 444.63 173.25 Td (such ) Tj ET Q q 0 0 0 rg BT 466.04 173.25 Td (as ) Tj ET Q q 0 0 0 rg BT 477.44 173.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 499.95 173.25 Td (incentives ) Tj ET Q q 0 0 0 rg BT 543.56 173.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 161.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 106.59 161.25 Td (based ) Tj ET Q q 0 0 0 rg BT 131.42 161.25 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 165.71 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 182.21 161.25 Td (product ) Tj ET Q q 0 0 0 rg BT 214.82 161.25 Td (returns. ) Tj ET Q q 0 0 0 rg BT 247.00 161.25 Td (The ) Tj ET Q q 0 0 0 rg BT 264.62 161.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 282.79 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.18 161.25 Td (incentives ) Tj ET Q q 0 0 0 rg BT 335.79 161.25 Td (is ) Tj ET Q q 0 0 0 rg BT 344.52 161.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 384.91 161.25 Td (at ) Tj ET Q q 0 0 0 rg BT 394.19 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.47 161.25 Td (inception ) Tj ET Q q 0 0 0 rg BT 447.75 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.14 161.25 Td (a ) Tj ET Q q 0 0 0 rg BT 464.64 161.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 498.91 161.25 Td (at ) Tj ET Q q 0 0 0 rg BT 508.19 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 522.47 161.25 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 149.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 86.29 149.25 Td (that ) Tj ET Q q 0 0 0 rg BT 103.59 149.25 Td (will ) Tj ET Q q 0 0 0 rg BT 121.45 149.25 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 164.29 149.25 Td (be ) Tj ET Q q 0 0 0 rg BT 176.03 149.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 195.55 149.25 Td (and ) Tj ET Q q 0 0 0 rg BT 212.29 149.25 Td (is ) Tj ET Q q 0 0 0 rg BT 221.26 149.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 267.42 149.25 Td (as ) Tj ET Q q 0 0 0 rg BT 278.05 149.25 Td (a ) Tj ET Q q 0 0 0 rg BT 284.79 149.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 324.85 149.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.93 149.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 368.87 149.25 Td (at ) Tj ET Q q 0 0 0 rg BT 378.39 149.25 Td (the ) Tj ET Q q 0 0 0 rg BT 392.91 149.25 Td (time ) Tj ET Q q 0 0 0 rg BT 412.98 149.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.61 149.25 Td (the ) Tj ET Q q 0 0 0 rg BT 438.13 149.25 Td (sale. ) Tj ET Q q 0 0 0 rg BT 458.47 149.25 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 499.65 149.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 545.81 149.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 137.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 84.12 137.25 Td (to ) Tj ET Q q 0 0 0 rg BT 93.69 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 107.70 137.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 139.49 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.61 137.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 205.27 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.28 137.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 246.63 137.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 278.40 137.25 Td (to ) Tj ET Q q 0 0 0 rg BT 287.97 137.25 Td (receive. ) Tj ET Q q 0 0 0 rg BT 321.00 137.25 Td (The ) Tj ET Q q 0 0 0 rg BT 338.34 137.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 365.68 137.25 Td (allocates ) Tj ET Q q 0 0 0 rg BT 402.45 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.46 137.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 462.13 137.25 Td (price ) Tj ET Q q 0 0 0 rg BT 483.90 137.25 Td (to ) Tj ET Q q 0 0 0 rg BT 493.48 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.48 137.25 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 125.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 100.70 125.25 Td (based ) Tj ET Q q 0 0 0 rg BT 125.73 125.25 Td (on ) Tj ET Q q 0 0 0 rg BT 137.99 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.47 125.25 Td (stand ) Tj ET Q q 0 0 0 rg BT 175.84 125.25 Td (alone ) Tj ET Q q 0 0 0 rg BT 199.75 125.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 228.68 125.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 254.81 125.25 Td (\(SSP\) ) Tj ET Q q 0 0 0 rg BT 280.42 125.25 Td (for ) Tj ET Q q 0 0 0 rg BT 294.34 125.25 Td (each ) Tj ET Q q 0 0 0 rg BT 314.91 125.25 Td (obligation. ) Tj ET Q q 0 0 0 rg BT 360.06 125.25 Td (When ) Tj ET Q q 0 0 0 rg BT 386.20 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.67 125.25 Td (SSP) Tj ET Q q 0 0 0 rg BT 416.99 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 419.25 125.25 Td (does ) Tj ET Q q 0 0 0 rg BT 439.84 125.25 Td (not ) Tj ET Q q 0 0 0 rg BT 454.87 125.25 Td (exist, ) Tj ET Q q 0 0 0 rg BT 478.52 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.00 125.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 520.81 125.25 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 68.72 113.25 Td (SSP) Tj ET Q q 0 0 0 rg BT 85.03 113.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.53 113.25 Td (based ) Tj ET Q q 0 0 0 rg BT 112.80 113.25 Td (on ) Tj ET Q q 0 0 0 rg BT 125.30 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.02 113.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 175.84 113.25 Td (market ) Tj ET Q q 0 0 0 rg BT 206.10 113.25 Td (approach.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 89.25 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 131.30 89.25 Td (for ) Tj ET Q q 0 0 0 rg BT 145.37 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.01 89.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 177.97 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.72 89.25 Td (cars, ) Tj ET Q q 0 0 0 rg BT 209.74 89.25 Td (spare ) Tj ET Q q 0 0 0 rg BT 233.26 89.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 255.11 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 271.97 89.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 304.94 89.25 Td (are ) Tj ET Q q 0 0 0 rg BT 319.56 89.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 365.84 89.25 Td (at ) Tj ET Q q 0 0 0 rg BT 375.48 89.25 Td (a ) Tj ET Q q 0 0 0 rg BT 382.33 89.25 Td (point ) Tj ET Q q 0 0 0 rg BT 405.31 89.25 Td (in ) Tj ET Q q 0 0 0 rg BT 415.51 89.25 Td (time ) Tj ET Q q 0 0 0 rg BT 435.70 89.25 Td (when ) Tj ET Q q 0 0 0 rg BT 459.78 89.25 Td (control ) Tj ET Q q 0 0 0 rg BT 490.52 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.27 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.90 89.25 Td (cars, ) Tj ET Q q 0 0 0 rg BT 536.92 89.25 Td (spare ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 77.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 75.56 77.25 Td (or ) Tj ET Q q 0 0 0 rg BT 86.02 77.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 118.69 77.25 Td (are ) Tj ET Q q 0 0 0 rg BT 133.02 77.25 Td (transferred ) Tj ET Q q 0 0 0 rg BT 178.46 77.25 Td (to ) Tj ET Q q 0 0 0 rg BT 188.36 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 202.70 77.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 241.48 77.25 Td (based ) Tj ET Q q 0 0 0 rg BT 266.38 77.25 Td (on ) Tj ET Q q 0 0 0 rg BT 278.50 77.25 Td (shipping ) Tj ET Q q 0 0 0 rg BT 315.08 77.25 Td (terms, ) Tj ET Q q 0 0 0 rg BT 341.92 77.25 Td (which ) Tj ET Q q 0 0 0 rg BT 368.48 77.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 407.81 77.25 Td (corresponds ) Tj ET Q q 0 0 0 rg BT 458.26 77.25 Td (to ) Tj ET Q q 0 0 0 rg BT 468.16 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.50 77.25 Td (date ) Tj ET Q q 0 0 0 rg BT 501.28 77.25 Td (when ) Tj ET Q q 0 0 0 rg BT 525.07 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 539.41 77.25 Td (cars, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 65.25 Td (spare ) Tj ET Q q 0 0 0 rg BT 77.76 65.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 99.86 65.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.96 65.25 Td (engines ) Tj ET Q q 0 0 0 rg BT 150.17 65.25 Td (are ) Tj ET Q q 0 0 0 rg BT 165.04 65.25 Td (released ) Tj ET Q q 0 0 0 rg BT 200.46 65.25 Td (to ) Tj ET Q q 0 0 0 rg BT 210.90 65.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.78 65.25 Td (carrier ) Tj ET Q q 0 0 0 rg BT 254.53 65.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 302.74 65.25 Td (for ) Tj ET Q q 0 0 0 rg BT 317.06 65.25 Td (transporting ) Tj ET Q q 0 0 0 rg BT 368.05 65.25 Td (to ) Tj ET Q q 0 0 0 rg BT 378.49 65.25 Td (dealers ) Tj ET Q q 0 0 0 rg BT 409.46 65.25 Td (or ) Tj ET Q q 0 0 0 rg BT 420.46 65.25 Td (Maserati. ) Tj ET Q q 0 0 0 rg BT 460.61 65.25 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 502.15 65.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 535.35 65.25 Td (to ) Tj ET Q q 0 0 0 rg BT 545.79 65.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 53.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 108.06 53.25 Td (program ) Tj ET Q q 0 0 0 rg BT 145.46 53.25 Td (or ) Tj ET Q q 0 0 0 rg BT 157.32 53.25 Td (extended ) Tj ET Q q 0 0 0 rg BT 196.94 53.25 Td (warranty ) Tj ET Q q 0 0 0 rg BT 236.00 53.25 Td (are ) Tj ET Q q 0 0 0 rg BT 251.74 53.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 299.13 53.25 Td (over ) Tj ET Q q 0 0 0 rg BT 320.43 53.25 Td (time ) Tj ET Q q 0 0 0 rg BT 341.73 53.25 Td (as ) Tj ET Q q 0 0 0 rg BT 353.58 53.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.33 53.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 423.38 53.25 Td (program ) Tj ET Q q 0 0 0 rg BT 460.79 53.25 Td (or ) Tj ET Q q 0 0 0 rg BT 472.65 53.25 Td (extended ) Tj ET Q q 0 0 0 rg BT 512.27 53.25 Td (warranty ) Tj ET Q q 0 0 0 rg BT 551.33 53.25 Td (is ) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 297.65 32.20 Td (F-8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 713.10 Td (provided. ) Tj ET Q q 0 0 0 rg BT 94.62 713.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 136.07 713.10 Td (from ) Tj ET Q q 0 0 0 rg BT 158.08 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.87 713.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 202.12 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.02 713.10 Td (engines ) Tj ET Q q 0 0 0 rg BT 246.14 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.15 713.10 Td (related ) Tj ET Q q 0 0 0 rg BT 292.93 713.10 Td (services ) Tj ET Q q 0 0 0 rg BT 327.71 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.06 713.10 Td (other ) Tj ET Q q 0 0 0 rg BT 361.18 713.10 Td (Formula ) Tj ET Q q 0 0 0 rg BT 397.64 713.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 405.21 713.10 Td (racing ) Tj ET Q q 0 0 0 rg BT 432.77 713.10 Td (teams ) Tj ET Q q 0 0 0 rg BT 458.67 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 473.45 713.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 519.88 713.10 Td (over ) Tj ET Q q 0 0 0 rg BT 540.23 713.10 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 701.10 Td (on ) Tj ET Q q 0 0 0 rg BT 66.50 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 73.44 701.10 Td (time ) Tj ET Q q 0 0 0 rg BT 93.71 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.65 701.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 149.80 701.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 172.30 701.10 Td (when ) Tj ET Q q 0 0 0 rg BT 196.46 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.18 701.10 Td (services ) Tj ET Q q 0 0 0 rg BT 245.88 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 260.59 701.10 Td (provided.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 677.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 145.57 677.10 Td (has ) Tj ET Q q 0 0 0 rg BT 162.27 677.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 203.39 677.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 244.53 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 255.68 677.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 307.37 677.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 361.26 677.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 411.57 677.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 447.14 677.10 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 506.88 677.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 549.68 677.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 665.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 100.37 665.10 Td (price ) Tj ET Q q 0 0 0 rg BT 122.86 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.80 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.51 665.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 183.13 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.96 665.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 228.10 665.10 Td (recognition.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 641.10 Td (Sponsorship, ) Tj ET Q q 0 0 0 rg BT 108.45 641.10 Td (commer) Tj ET Q q 0 0 0 rg BT 140.29 641.10 Td (cial ) Tj ET Q q 0 0 0 rg BT 157.79 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.29 641.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 201.68 641.10 Td (activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 617.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 130.61 617.10 Td (from ) Tj ET Q q 0 0 0 rg BT 151.78 617.10 Td (sponsorship ) Tj ET Q q 0 0 0 rg BT 201.29 617.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 248.55 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 262.49 617.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 301.43 617.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 347.02 617.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 376.51 617.10 Td (over ) Tj ET Q q 0 0 0 rg BT 396.01 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.96 617.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 443.89 617.10 Td (term ) Tj ET Q q 0 0 0 rg BT 463.95 617.10 Td (as ) Tj ET Q q 0 0 0 rg BT 474.01 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.96 617.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 526.35 617.10 Td (benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.10 Td (from ) Tj ET Q q 0 0 0 rg BT 77.51 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.80 605.10 Td (service ) Tj ET Q q 0 0 0 rg BT 126.19 605.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 174.15 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.44 605.10 Td (service ) Tj ET Q q 0 0 0 rg BT 222.82 605.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 254.94 605.10 Td (For ) Tj ET Q q 0 0 0 rg BT 272.91 605.10 Td (sponsorship ) Tj ET Q q 0 0 0 rg BT 324.76 605.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 374.37 605.10 Td (that ) Tj ET Q q 0 0 0 rg BT 393.43 605.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 426.94 605.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 463.21 605.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 521.16 605.10 Td (based ) Tj ET Q q 0 0 0 rg BT 548.00 605.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 593.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 107.00 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.80 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.50 593.10 Td (racing ) Tj ET Q q 0 0 0 rg BT 159.96 593.10 Td (team, ) Tj ET Q q 0 0 0 rg BT 184.37 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.06 593.10 Td (related ) Tj ET Q q 0 0 0 rg BT 228.74 593.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 266.75 593.10 Td (are ) Tj ET Q q 0 0 0 rg BT 281.43 593.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 322.23 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.14 593.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 385.48 593.10 Td (over ) Tj ET Q q 0 0 0 rg BT 405.72 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.42 593.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 455.09 593.10 Td (period ) Tj ET Q q 0 0 0 rg BT 483.12 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.37 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.06 593.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 534.97 593.10 Td (that ) Tj ET Q q 0 0 0 rg BT 552.44 593.10 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 581.10 Td (is ) Tj ET Q q 0 0 0 rg BT 62.38 581.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 89.65 581.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 126.35 581.10 Td (that ) Tj ET Q q 0 0 0 rg BT 143.06 581.10 Td (a ) Tj ET Q q 0 0 0 rg BT 149.21 581.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 193.14 581.10 Td (reversal ) Tj ET Q q 0 0 0 rg BT 226.50 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.99 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.92 581.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 281.63 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.68 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.61 581.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 351.75 581.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 385.11 581.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 430.68 581.10 Td (will ) Tj ET Q q 0 0 0 rg BT 447.96 581.10 Td (not ) Tj ET Q q 0 0 0 rg BT 462.45 581.10 Td (occur) Tj ET Q q 0 0 0 rg BT 484.25 581.10 Td (, ) Tj ET Q q 0 0 0 rg BT 488.47 581.10 Td (which ) Tj ET Q q 0 0 0 rg BT 514.62 581.10 Td (is ) Tj ET Q q 0 0 0 rg BT 523.00 581.10 Td (typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.10 Td (when ) Tj ET Q q 0 0 0 rg BT 78.16 569.10 Td (it ) Tj ET Q q 0 0 0 rg BT 86.22 569.10 Td (is ) Tj ET Q q 0 0 0 rg BT 95.39 569.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 141.20 569.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 169.26 569.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 206.74 569.10 Td (that ) Tj ET Q q 0 0 0 rg BT 224.24 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.96 569.10 Td (related ) Tj ET Q q 0 0 0 rg BT 268.66 569.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 312.82 569.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 356.42 569.10 Td (with ) Tj ET Q q 0 0 0 rg BT 376.70 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.41 569.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 426.11 569.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 482.49 569.10 Td (will ) Tj ET Q q 0 0 0 rg BT 500.54 569.10 Td (be ) Tj ET Q q 0 0 0 rg BT 512.48 569.10 Td (achieved.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 545.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 132.75 545.10 Td (from ) Tj ET Q q 0 0 0 rg BT 156.06 545.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 207.14 545.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 247.11 545.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 288.20 545.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 314.27 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.93 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.02 545.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 381.43 545.10 Td (from ) Tj ET Q q 0 0 0 rg BT 404.74 545.10 Td (participating ) Tj ET Q q 0 0 0 rg BT 459.15 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 470.81 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.90 545.10 Td (Formula ) Tj ET Q q 0 0 0 rg BT 524.66 545.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 533.25 545.10 Td (W) Tj ET Q q 0 0 0 rg BT 541.89 545.10 Td (orld ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 533.10 Td (Championship. ) Tj ET Q q 0 0 0 rg BT 117.38 533.10 Td (The ) Tj ET Q q 0 0 0 rg BT 135.67 533.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 173.95 533.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 222.22 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 232.74 533.10 Td (each ) Tj ET Q q 0 0 0 rg BT 253.80 533.10 Td (racing ) Tj ET Q q 0 0 0 rg BT 281.53 533.10 Td (team ) Tj ET Q q 0 0 0 rg BT 303.70 533.10 Td (are ) Tj ET Q q 0 0 0 rg BT 318.65 533.10 Td (governed ) Tj ET Q q 0 0 0 rg BT 358.60 533.10 Td (by ) Tj ET Q q 0 0 0 rg BT 371.34 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 378.52 533.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 412.36 533.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 456.74 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.92 533.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 505.54 533.10 Td (upon, ) Tj ET Q q 0 0 0 rg BT 530.78 533.10 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 521.10 Td (other ) Tj ET Q q 0 0 0 rg BT 77.17 521.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 109.50 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.33 521.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 146.39 521.10 Td (year ) Tj ET Q q 0 0 0 rg BT 166.22 521.10 Td (ranking ) Tj ET Q q 0 0 0 rg BT 199.39 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.34 521.10 Td (each ) Tj ET Q q 0 0 0 rg BT 231.28 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.23 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.07 521.10 Td (racing ) Tj ET Q q 0 0 0 rg BT 284.67 521.10 Td (teams. ) Tj ET Q q 0 0 0 rg BT 313.12 521.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 354.62 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.57 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.41 521.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 430.22 521.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 468.94 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 483.77 521.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 530.26 521.10 Td (ratably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 509.10 Td (over ) Tj ET Q q 0 0 0 rg BT 74.27 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.99 509.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 123.69 509.10 Td (term.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 485.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 131.00 485.10 Td (from ) Tj ET Q q 0 0 0 rg BT 152.56 485.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 177.45 485.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 215.67 485.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 263.32 485.10 Td (where ) Tj ET Q q 0 0 0 rg BT 289.87 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.21 485.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 342.99 485.10 Td (has ) Tj ET Q q 0 0 0 rg BT 358.44 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 365.00 485.10 Td (right ) Tj ET Q q 0 0 0 rg BT 386.00 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.90 485.10 Td (access ) Tj ET Q q 0 0 0 rg BT 423.56 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.90 485.10 Td (Group) Tj ET Q q 0 0 0 rg BT 466.23 485.10 Td (s ) Tj ET Q q 0 0 0 rg BT 472.24 485.10 Td (brands ) Tj ET Q q 0 0 0 rg BT 501.02 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 511.47 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.81 485.10 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 90.14 473.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 131.84 473.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 178.52 473.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 219.66 473.10 Td (are ) Tj ET Q q 0 0 0 rg BT 234.68 473.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 281.36 473.10 Td (on ) Tj ET Q q 0 0 0 rg BT 294.17 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 301.42 473.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 352.56 473.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 375.37 473.10 Td (over ) Tj ET Q q 0 0 0 rg BT 395.95 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.99 473.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 446.00 473.10 Td (term. ) Tj ET Q q 0 0 0 rg BT 469.64 473.10 Td (Licensing ) Tj ET Q q 0 0 0 rg BT 511.89 473.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 550.24 473.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 461.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 83.12 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.47 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.71 461.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 151.63 461.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 198.51 461.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 239.86 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 255.09 461.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 301.97 461.10 Td (when ) Tj ET Q q 0 0 0 rg BT 326.66 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.90 461.10 Td (related ) Tj ET Q q 0 0 0 rg BT 372.12 461.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 416.81 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 432.04 461.10 Td (satisfied. ) Tj ET Q q 0 0 0 rg BT 470.88 461.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 512.78 461.10 Td (from ) Tj ET Q q 0 0 0 rg BT 535.25 461.10 Td (sales-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 449.10 Td (based ) Tj ET Q q 0 0 0 rg BT 79.27 449.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 117.87 449.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 165.90 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 180.61 449.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 226.97 449.10 Td (when ) Tj ET Q q 0 0 0 rg BT 251.13 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.85 449.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 287.79 449.10 Td (occur) Tj ET Q q 0 0 0 rg BT 309.44 449.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 425.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 144.70 425.10 Td (has ) Tj ET Q q 0 0 0 rg BT 160.53 425.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 200.79 425.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 241.06 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.34 425.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 302.16 425.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 336.86 425.10 Td (consideration.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 401.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 79.83 401.10 Td (r) Tj ET Q q 0 0 0 rg BT 83.35 401.10 Td (evenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 377.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 121.77 377.10 Td (income ) Tj ET Q q 0 0 0 rg BT 153.00 377.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 193.65 377.10 Td (by ) Tj ET Q q 0 0 0 rg BT 205.44 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 220.56 377.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 257.33 377.10 Td (service ) Tj ET Q q 0 0 0 rg BT 287.43 377.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 325.32 377.10 Td (from ) Tj ET Q q 0 0 0 rg BT 346.55 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.56 377.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 400.12 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.24 377.10 Td (client ) Tj ET Q q 0 0 0 rg BT 434.25 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.47 377.10 Td (dealer ) Tj ET Q q 0 0 0 rg BT 476.69 377.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 516.24 377.10 Td (is ) Tj ET Q q 0 0 0 rg BT 524.70 377.10 Td (reported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 365.10 Td (within ) Tj ET Q q 0 0 0 rg BT 82.06 365.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 120.09 365.10 Td (using ) Tj ET Q q 0 0 0 rg BT 144.26 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.98 365.10 Td (ef) Tj ET Q q 0 0 0 rg BT 166.57 365.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 196.27 365.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 228.20 365.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 245.69 365.10 Td (method ) Tj ET Q q 0 0 0 rg BT 278.18 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.12 365.10 Td (not ) Tj ET Q q 0 0 0 rg BT 310.40 365.10 Td (within ) Tj ET Q q 0 0 0 rg BT 338.46 365.10 Td (net ) Tj ET Q q 0 0 0 rg BT 353.17 365.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 390.66 365.10 Td (income/expenses.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 341.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 79.29 341.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 86.79 341.10 Td (- ) Tj ET Q q 0 0 0 rg BT 92.62 341.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 135.69 341.10 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 317.10 Td (The Group adopted ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 170.25 317.10 Td (IFRS 9 - Financial Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.23 317.10 Td (, the new standard includes a logical approach for:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 293.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.28 293.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 159.10 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.60 293.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 230.97 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.36 293.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 278.41 293.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 327.13 293.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 354.74 293.10 Td (by ) Tj ET Q q 0 0 0 rg BT 366.81 293.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 386.64 293.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 407.03 293.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 466.28 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.78 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.06 293.10 Td (business ) Tj ET Q q 0 0 0 rg BT 533.01 293.10 Td (model ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 281.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.28 281.10 Td (which ) Tj ET Q q 0 0 0 rg BT 127.22 281.10 Td (an ) Tj ET Q q 0 0 0 rg BT 139.16 281.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 161.09 281.10 Td (is ) Tj ET Q q 0 0 0 rg BT 170.26 281.10 Td (held;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 269.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 269.10 Td (a single expected loss impairment model for financial assets, and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 257.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 257.10 Td (a substantially reformed approach for hedge accounting. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 225.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 225.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.39 225.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 134.79 225.10 Td (analyzed ) Tj ET Q q 0 0 0 rg BT 172.17 225.10 Td (each ) Tj ET Q q 0 0 0 rg BT 192.33 225.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.51 225.10 Td (its ) Tj ET Q q 0 0 0 rg BT 213.81 225.10 Td (classes ) Tj ET Q q 0 0 0 rg BT 243.42 225.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.60 225.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 290.43 225.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 318.11 225.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 354.93 225.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 394.00 225.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.28 225.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 452.11 225.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 500.62 225.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.91 225.10 Td (concluded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 213.10 Td (that ) Tj ET Q q 0 0 0 rg BT 71.90 213.10 Td (its ) Tj ET Q q 0 0 0 rg BT 84.26 213.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 131.04 213.10 Td (for ) Tj ET Q q 0 0 0 rg BT 145.61 213.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 183.49 213.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 233.07 213.10 Td (under ) Tj ET Q q 0 0 0 rg BT 258.74 213.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 282.77 213.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 290.68 213.10 Td (does ) Tj ET Q q 0 0 0 rg BT 311.92 213.10 Td (not ) Tj ET Q q 0 0 0 rg BT 327.61 213.10 Td (result ) Tj ET Q q 0 0 0 rg BT 352.73 213.10 Td (in ) Tj ET Q q 0 0 0 rg BT 363.42 213.10 Td (material ) Tj ET Q q 0 0 0 rg BT 399.08 213.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 434.20 213.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 476.53 213.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.22 213.10 Td (its ) Tj ET Q q 0 0 0 rg BT 499.57 213.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 546.35 213.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 201.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 90.99 201.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 139.66 201.10 Td (under ) Tj ET Q q 0 0 0 rg BT 164.44 201.10 Td (IAS ) Tj ET Q q 0 0 0 rg BT 182.56 201.10 Td (39, ) Tj ET Q q 0 0 0 rg BT 197.07 201.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 237.66 201.10 Td (there ) Tj ET Q q 0 0 0 rg BT 259.65 201.10 Td (was ) Tj ET Q q 0 0 0 rg BT 277.21 201.10 Td (no ) Tj ET Q q 0 0 0 rg BT 289.22 201.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 318.44 201.10 Td (on ) Tj ET Q q 0 0 0 rg BT 330.45 201.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.68 201.10 Td (Group) Tj ET Q q 0 0 0 rg BT 373.01 201.10 Td (s ) Tj ET Q q 0 0 0 rg BT 378.91 201.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 431.46 201.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 468.45 201.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 512.67 201.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 534.67 201.10 Td (initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 189.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 92.19 189.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.72 189.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.14 189.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 156.21 189.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.85 189.10 Td (related ) Tj ET Q q 0 0 0 rg BT 204.25 189.10 Td (amendments. ) Tj ET Q q 0 0 0 rg BT 260.26 189.10 Td (The ) Tj ET Q q 0 0 0 rg BT 279.00 189.10 Td (Group) Tj ET Q q 0 0 0 rg BT 307.33 189.10 Td (s ) Tj ET Q q 0 0 0 rg BT 314.42 189.10 Td (updated ) Tj ET Q q 0 0 0 rg BT 349.28 189.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 387.46 189.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 437.32 189.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 484.39 189.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 512.58 189.10 Td (is ) Tj ET Q q 0 0 0 rg BT 522.45 189.10 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 177.10 Td (below) Tj ET Q q 0 0 0 rg BT 77.79 177.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 157.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 157.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 133.07 157.10 Td (instruments) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 133.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 63.63 133.10 Td (esentation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 109.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 109.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 121.99 109.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 158.42 109.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 183.20 109.10 Td (include ) Tj ET Q q 0 0 0 rg BT 214.08 109.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 235.51 109.10 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 284.43 109.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 330.85 109.10 Td (from ) Tj ET Q q 0 0 0 rg BT 351.73 109.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 390.94 109.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 430.99 109.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 472.41 109.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 508.84 109.10 Td (instruments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 97.10 Td (other ) Tj ET Q q 0 0 0 rg BT 77.05 97.10 Td (current ) Tj ET Q q 0 0 0 rg BT 107.86 97.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 145.34 97.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 171.17 97.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.11 97.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 208.38 97.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.32 97.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 245.59 97.10 Td (equivalents.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 73.10 Td (Investments ) Tj ET Q q 0 0 0 rg BT 141.68 73.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.48 73.10 Td (other ) Tj ET Q q 0 0 0 rg BT 183.38 73.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 221.71 73.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 248.40 73.10 Td (include ) Tj ET Q q 0 0 0 rg BT 281.19 73.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 332.32 73.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 376.21 73.10 Td (for ) Tj ET Q q 0 0 0 rg BT 391.22 73.10 Td (using ) Tj ET Q q 0 0 0 rg BT 416.25 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.82 73.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 460.17 73.10 Td (method ) Tj ET Q q 0 0 0 rg BT 493.52 73.10 Td (as ) Tj ET Q q 0 0 0 rg BT 505.21 73.10 Td (well ) Tj ET Q q 0 0 0 rg BT 525.78 73.10 Td (as ) Tj ET Q q 0 0 0 rg BT 537.47 73.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 61.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 94.26 61.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.20 61.10 Td (non-current ) Tj ET Q q 0 0 0 rg BT 160.35 61.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 197.83 61.10 Td (assets.) Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 297.65 32.20 Td (F-9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 713.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 129.97 713.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 169.95 713.10 Td (include ) Tj ET Q q 0 0 0 rg BT 202.15 713.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 222.12 713.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 252.65 713.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 292.63 713.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 328.71 713.10 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 357.87 713.10 Td (securitizations ) Tj ET Q q 0 0 0 rg BT 418.39 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.59 713.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 483.90 713.10 Td (from ) Tj ET Q q 0 0 0 rg BT 506.10 713.10 Td (banks\), ) Tj ET Q q 0 0 0 rg BT 538.02 713.10 Td (trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 701.10 Td (payables ) Tj ET Q q 0 0 0 rg BT 91.49 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.42 701.10 Td (other ) Tj ET Q q 0 0 0 rg BT 131.47 701.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 168.95 701.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 211.17 701.10 Td (which ) Tj ET Q q 0 0 0 rg BT 238.11 701.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 268.38 701.10 Td (include ) Tj ET Q q 0 0 0 rg BT 300.31 701.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 342.79 701.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 380.27 701.10 Td (instruments.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 677.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 84.18 677.10 Td (ement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 653.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 129.79 653.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 158.20 653.10 Td (other ) Tj ET Q q 0 0 0 rg BT 181.33 653.10 Td (than ) Tj ET Q q 0 0 0 rg BT 201.12 653.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 251.48 653.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 294.59 653.10 Td (for ) Tj ET Q q 0 0 0 rg BT 308.83 653.10 Td (using ) Tj ET Q q 0 0 0 rg BT 333.08 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.87 653.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 375.45 653.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 410.52 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.54 653.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 465.10 653.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 504.90 653.10 Td (are ) Tj ET Q q 0 0 0 rg BT 519.69 653.10 Td (measured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 64.28 641.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 111.74 641.10 Td (with ) Tj ET Q q 0 0 0 rg BT 132.02 641.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 155.64 641.10 Td (9.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 617.10 Td (Except ) Tj ET Q q 0 0 0 rg BT 119.53 617.10 Td (for ) Tj ET Q q 0 0 0 rg BT 132.96 617.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 182.51 617.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 224.81 617.10 Td (for ) Tj ET Q q 0 0 0 rg BT 238.24 617.10 Td (using ) Tj ET Q q 0 0 0 rg BT 261.68 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.67 617.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 302.43 617.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 336.70 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.68 617.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 378.01 617.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 410.88 617.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 449.86 617.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 486.61 617.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 511.71 617.10 Td (at ) Tj ET Q q 0 0 0 rg BT 520.70 617.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 536.35 617.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.10 Td (plus, ) Tj ET Q q 0 0 0 rg BT 75.67 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 85.95 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.67 605.10 Td (case ) Tj ET Q q 0 0 0 rg BT 120.37 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.20 605.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 168.68 605.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 194.51 605.10 Td (not ) Tj ET Q q 0 0 0 rg BT 209.79 605.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 250.61 605.10 Td (at ) Tj ET Q q 0 0 0 rg BT 260.32 605.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 276.70 605.10 Td (value ) Tj ET Q q 0 0 0 rg BT 300.86 605.10 Td (through ) Tj ET Q q 0 0 0 rg BT 334.46 605.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 359.18 605.10 Td (or ) Tj ET Q q 0 0 0 rg BT 370.01 605.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 390.57 605.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 436.94 605.10 Td (costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 581.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 119.34 581.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 168.68 581.10 Td (held ) Tj ET Q q 0 0 0 rg BT 188.57 581.10 Td (by ) Tj ET Q q 0 0 0 rg BT 201.25 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.14 581.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 244.37 581.10 Td (are ) Tj ET Q q 0 0 0 rg BT 259.25 581.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 305.79 581.10 Td (at ) Tj ET Q q 0 0 0 rg BT 315.68 581.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 332.24 581.10 Td (value ) Tj ET Q q 0 0 0 rg BT 356.57 581.10 Td (through ) Tj ET Q q 0 0 0 rg BT 390.35 581.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 415.24 581.10 Td (or ) Tj ET Q q 0 0 0 rg BT 426.25 581.10 Td (loss. ) Tj ET Q q 0 0 0 rg BT 446.79 581.10 Td (When ) Tj ET Q q 0 0 0 rg BT 473.35 581.10 Td (market ) Tj ET Q q 0 0 0 rg BT 503.79 581.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 530.34 581.10 Td (are ) Tj ET Q q 0 0 0 rg BT 545.22 581.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 87.22 569.10 Td (available, ) Tj ET Q q 0 0 0 rg BT 128.48 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.37 569.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 159.92 569.10 Td (value ) Tj ET Q q 0 0 0 rg BT 184.25 569.10 Td (is ) Tj ET Q q 0 0 0 rg BT 193.60 569.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 234.59 569.10 Td (using ) Tj ET Q q 0 0 0 rg BT 258.93 569.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 307.14 569.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 347.03 569.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 392.47 569.10 Td (\(e.g. ) Tj ET Q q 0 0 0 rg BT 412.91 569.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 458.91 569.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 479.35 569.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 500.36 569.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 535.25 569.10 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 557.10 Td (on ) Tj ET Q q 0 0 0 rg BT 66.50 557.10 Td (market ) Tj ET Q q 0 0 0 rg BT 96.76 557.10 Td (information ) Tj ET Q q 0 0 0 rg BT 146.48 557.10 Td (available ) Tj ET Q q 0 0 0 rg BT 185.06 557.10 Td (at ) Tj ET Q q 0 0 0 rg BT 194.78 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.50 557.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 242.53 557.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 265.58 557.10 Td (date\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 533.10 Td (T) Tj ET Q q 0 0 0 rg BT 95.76 533.10 Td (rade ) Tj ET Q q 0 0 0 rg BT 115.51 533.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 163.03 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.02 533.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 227.54 533.10 Td (from ) Tj ET Q q 0 0 0 rg BT 249.52 533.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 289.83 533.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 328.48 533.10 Td (are ) Tj ET Q q 0 0 0 rg BT 343.23 533.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 386.32 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.65 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.42 533.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 447.84 533.10 Td (course ) Tj ET Q q 0 0 0 rg BT 476.49 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.36 533.10 Td (business ) Tj ET Q q 0 0 0 rg BT 523.80 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 540.79 533.10 Td (held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 521.10 Td (within ) Tj ET Q q 0 0 0 rg BT 81.66 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 88.20 521.10 Td (business ) Tj ET Q q 0 0 0 rg BT 124.20 521.10 Td (model ) Tj ET Q q 0 0 0 rg BT 151.30 521.10 Td (with ) Tj ET Q q 0 0 0 rg BT 171.18 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.50 521.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 224.25 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.13 521.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 254.02 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.34 521.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 315.41 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 325.29 521.10 Td (order ) Tj ET Q q 0 0 0 rg BT 348.49 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.38 521.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 387.13 521.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 433.65 521.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 453.52 521.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 477.85 521.10 Td (that ) Tj ET Q q 0 0 0 rg BT 494.95 521.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 516.49 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.81 521.10 Td (solely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 509.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 95.34 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.69 509.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 145.24 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.70 509.10 Td (interest) Tj ET Q q 0 0 0 rg BT 194.72 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.73 509.10 Td (criterion ) Tj ET Q q 0 0 0 rg BT 234.62 509.10 Td (under ) Tj ET Q q 0 0 0 rg BT 260.40 509.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 284.54 509.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 295.06 509.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 334.16 509.10 Td (they ) Tj ET Q q 0 0 0 rg BT 354.39 509.10 Td (are ) Tj ET Q q 0 0 0 rg BT 369.61 509.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 410.94 509.10 Td (at ) Tj ET Q q 0 0 0 rg BT 421.17 509.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 464.17 509.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 483.29 509.10 Td (using ) Tj ET Q q 0 0 0 rg BT 507.98 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.21 509.10 Td (ef) Tj ET Q q 0 0 0 rg BT 530.80 509.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 497.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 86.00 497.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 103.55 497.10 Td (method. ) Tj ET Q q 0 0 0 rg BT 138.62 497.10 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 189.49 497.10 Td (with ) Tj ET Q q 0 0 0 rg BT 209.84 497.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 252.40 497.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 282.72 497.10 Td (than ) Tj ET Q q 0 0 0 rg BT 302.50 497.10 Td (one ) Tj ET Q q 0 0 0 rg BT 319.51 497.10 Td (year ) Tj ET Q q 0 0 0 rg BT 339.28 497.10 Td (are ) Tj ET Q q 0 0 0 rg BT 354.06 497.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 399.95 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.30 497.10 Td (present ) Tj ET Q q 0 0 0 rg BT 441.74 497.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 467.90 497.10 Td (Assessments ) Tj ET Q q 0 0 0 rg BT 521.58 497.10 Td (are ) Tj ET Q q 0 0 0 rg BT 536.35 497.10 Td (made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 485.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 92.21 485.10 Td (as ) Tj ET Q q 0 0 0 rg BT 102.66 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.56 485.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 146.88 485.10 Td (there ) Tj ET Q q 0 0 0 rg BT 168.99 485.10 Td (is ) Tj ET Q q 0 0 0 rg BT 177.77 485.10 Td (any ) Tj ET Q q 0 0 0 rg BT 194.33 485.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 233.10 485.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 270.75 485.10 Td (that ) Tj ET Q q 0 0 0 rg BT 287.86 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 294.42 485.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 331.52 485.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 353.07 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 363.52 485.10 Td (group ) Tj ET Q q 0 0 0 rg BT 388.97 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.42 485.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 436.52 485.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 461.97 485.10 Td (may ) Tj ET Q q 0 0 0 rg BT 481.30 485.10 Td (be ) Tj ET Q q 0 0 0 rg BT 492.86 485.10 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 533.02 485.10 Td (Under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 78.64 473.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 89.66 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 97.62 473.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 166.68 473.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 205.73 473.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 232.02 473.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 251.10 473.10 Td (model ) Tj ET Q q 0 0 0 rg BT 279.62 473.10 Td (must ) Tj ET Q q 0 0 0 rg BT 302.58 473.10 Td (be ) Tj ET Q q 0 0 0 rg BT 315.54 473.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 348.50 473.10 Td (when ) Tj ET Q q 0 0 0 rg BT 373.68 473.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 414.42 473.10 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 466.54 473.10 Td (In ) Tj ET Q q 0 0 0 rg BT 478.39 473.10 Td (making ) Tj ET Q q 0 0 0 rg BT 511.91 473.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 461.10 Td (assessments, ) Tj ET Q q 0 0 0 rg BT 107.64 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.67 461.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 151.03 461.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 182.17 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.20 461.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 233.89 461.10 Td (simplified ) Tj ET Q q 0 0 0 rg BT 277.25 461.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 316.71 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.30 461.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 363.43 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.46 461.10 Td (lifetime ) Tj ET Q q 0 0 0 rg BT 412.37 461.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 450.71 461.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 476.29 461.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 502.99 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.24 461.10 Td (considers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 449.10 Td (its ) Tj ET Q q 0 0 0 rg BT 66.23 449.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 106.22 449.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 131.76 449.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 150.10 449.10 Td (experience, ) Tj ET Q q 0 0 0 rg BT 198.68 449.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 234.78 449.10 Td (for ) Tj ET Q q 0 0 0 rg BT 249.22 449.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 317.54 449.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 347.52 449.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 381.39 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.95 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.94 449.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 434.71 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.82 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.81 449.10 Td (Group) Tj ET Q q 0 0 0 rg BT 489.14 449.10 Td (s ) Tj ET Q q 0 0 0 rg BT 495.81 449.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 543.56 449.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 437.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 95.37 437.10 Td (environment. ) Tj ET Q q 0 0 0 rg BT 150.91 437.10 Td (If ) Tj ET Q q 0 0 0 rg BT 160.07 437.10 Td (any ) Tj ET Q q 0 0 0 rg BT 177.01 437.10 Td (such ) Tj ET Q q 0 0 0 rg BT 197.84 437.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 235.88 437.10 Td (exists, ) Tj ET Q q 0 0 0 rg BT 263.65 437.10 Td (an ) Tj ET Q q 0 0 0 rg BT 275.59 437.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 324.19 437.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 342.25 437.10 Td (is ) Tj ET Q q 0 0 0 rg BT 351.42 437.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 397.78 437.10 Td (within ) Tj ET Q q 0 0 0 rg BT 425.84 437.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 463.32 437.10 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 413.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 130.01 413.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 172.53 413.10 Td (with ) Tj ET Q q 0 0 0 rg BT 193.12 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.13 413.10 Td (exception ) Tj ET Q q 0 0 0 rg BT 249.81 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.94 413.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 303.73 413.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 341.51 413.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 393.48 413.10 Td (are ) Tj ET Q q 0 0 0 rg BT 408.49 413.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 449.60 413.10 Td (at ) Tj ET Q q 0 0 0 rg BT 459.62 413.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 502.41 413.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 521.32 413.10 Td (using ) Tj ET Q q 0 0 0 rg BT 545.79 413.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 401.10 Td (ef) Tj ET Q q 0 0 0 rg BT 61.59 401.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 91.29 401.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 123.22 401.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 140.71 401.10 Td (method.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 377.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 98.70 377.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 136.75 377.10 Td (instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 353.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 136.06 353.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 174.90 353.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 225.42 353.10 Td (are ) Tj ET Q q 0 0 0 rg BT 241.49 353.10 Td (used ) Tj ET Q q 0 0 0 rg BT 263.67 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 279.19 353.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 321.92 353.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 358.00 353.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 397.41 353.10 Td (only ) Tj ET Q q 0 0 0 rg BT 419.04 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.68 353.10 Td (order ) Tj ET Q q 0 0 0 rg BT 455.64 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.27 353.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 497.78 353.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 536.61 353.10 Td (risks. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 341.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 98.01 341.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 134.79 341.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 183.26 341.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 213.40 341.10 Td (for ) Tj ET Q q 0 0 0 rg BT 226.86 341.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 252.54 341.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 298.22 341.10 Td (only ) Tj ET Q q 0 0 0 rg BT 317.81 341.10 Td (when ) Tj ET Q q 0 0 0 rg BT 341.27 341.10 Td (at ) Tj ET Q q 0 0 0 rg BT 350.29 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.32 341.10 Td (inception ) Tj ET Q q 0 0 0 rg BT 403.33 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.47 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.49 341.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 453.17 341.10 Td (there ) Tj ET Q q 0 0 0 rg BT 474.97 341.10 Td (is ) Tj ET Q q 0 0 0 rg BT 483.44 341.10 Td (formal ) Tj ET Q q 0 0 0 rg BT 511.90 341.10 Td (designation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 71.44 329.10 Td (documentation ) Tj ET Q q 0 0 0 rg BT 133.87 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.20 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.41 329.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 195.63 329.10 Td (relationship, ) Tj ET Q q 0 0 0 rg BT 248.34 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.56 329.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 290.43 329.10 Td (is ) Tj ET Q q 0 0 0 rg BT 300.10 329.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 338.63 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.41 329.10 Td (be ) Tj ET Q q 0 0 0 rg BT 361.85 329.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 390.41 329.10 Td (ef) Tj ET Q q 0 0 0 rg BT 397.99 329.10 Td (fective, ) Tj ET Q q 0 0 0 rg BT 430.70 329.10 Td (its ) Tj ET Q q 0 0 0 rg BT 443.14 329.10 Td (ef) Tj ET Q q 0 0 0 rg BT 450.73 329.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 498.15 329.10 Td (can ) Tj ET Q q 0 0 0 rg BT 515.03 329.10 Td (be ) Tj ET Q q 0 0 0 rg BT 527.47 329.10 Td (reliably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 317.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 94.82 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.75 317.10 Td (it ) Tj ET Q q 0 0 0 rg BT 119.81 317.10 Td (is ) Tj ET Q q 0 0 0 rg BT 128.98 317.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 157.04 317.10 Td (ef) Tj ET Q q 0 0 0 rg BT 164.63 317.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 194.33 317.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 240.71 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.43 317.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 292.91 317.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 332.07 317.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 364.00 317.10 Td (for ) Tj ET Q q 0 0 0 rg BT 378.17 317.10 Td (which ) Tj ET Q q 0 0 0 rg BT 405.10 317.10 Td (it ) Tj ET Q q 0 0 0 rg BT 413.16 317.10 Td (is ) Tj ET Q q 0 0 0 rg BT 422.33 317.10 Td (designated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 293.10 Td (All ) Tj ET Q q 0 0 0 rg BT 105.28 293.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 147.76 293.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 185.24 293.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 234.40 293.10 Td (are ) Tj ET Q q 0 0 0 rg BT 249.11 293.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 289.93 293.10 Td (at ) Tj ET Q q 0 0 0 rg BT 299.64 293.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 316.02 293.10 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 269.10 Td (When ) Tj ET Q q 0 0 0 rg BT 116.38 269.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 158.86 269.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 196.34 269.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 245.50 269.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 276.33 269.10 Td (for ) Tj ET Q q 0 0 0 rg BT 290.49 269.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 316.87 269.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 365.74 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.45 269.10 Td (following ) Tj ET Q q 0 0 0 rg BT 421.84 269.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 468.21 269.10 Td (treatments ) Tj ET Q q 0 0 0 rg BT 512.36 269.10 Td (apply:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 237.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 113.25 237.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 133.17 237.10 Td (hedges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.63 237.10 Td (- ) Tj ET Q q 0 0 0 rg BT 169.45 237.10 Td (Where ) Tj ET Q q 0 0 0 rg BT 198.79 237.10 Td (a ) Tj ET Q q 0 0 0 rg BT 205.92 237.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 248.59 237.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 286.26 237.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 331.72 237.10 Td (is ) Tj ET Q q 0 0 0 rg BT 341.08 237.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 386.54 237.10 Td (as ) Tj ET Q q 0 0 0 rg BT 397.56 237.10 Td (a ) Tj ET Q q 0 0 0 rg BT 404.69 237.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 431.26 237.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.28 237.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.18 237.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 495.97 237.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.44 237.10 Td (variability ) Tj ET Q q 0 0 0 rg BT 550.23 237.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 225.10 Td (future ) Tj ET Q q 0 0 0 rg BT 117.15 225.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 138.19 225.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 163.69 225.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.29 225.10 Td (a ) Tj ET Q q 0 0 0 rg BT 183.00 225.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 230.14 225.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 252.85 225.10 Td (or ) Tj ET Q q 0 0 0 rg BT 264.45 225.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 298.83 225.10 Td (or ) Tj ET Q q 0 0 0 rg BT 310.43 225.10 Td (a ) Tj ET Q q 0 0 0 rg BT 318.15 225.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 346.98 225.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 385.23 225.10 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 429.59 225.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 476.74 225.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.45 225.10 Td (could ) Tj ET Q q 0 0 0 rg BT 519.94 225.10 Td (af) Tj ET Q q 0 0 0 rg BT 527.52 225.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 545.78 225.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 213.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 144.34 213.10 Td (income ) Tj ET Q q 0 0 0 rg BT 177.58 213.10 Td (statement, ) Tj ET Q q 0 0 0 rg BT 222.20 213.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.22 213.10 Td (ef) Tj ET Q q 0 0 0 rg BT 245.80 213.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 276.81 213.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 309.49 213.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.63 213.10 Td (any ) Tj ET Q q 0 0 0 rg BT 339.86 213.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 360.88 213.10 Td (or ) Tj ET Q q 0 0 0 rg BT 373.01 213.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 392.38 213.10 Td (on ) Tj ET Q q 0 0 0 rg BT 406.18 213.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.19 213.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 465.97 213.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 504.76 213.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 551.33 213.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 201.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 137.78 201.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 172.24 201.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.93 201.10 Td (other ) Tj ET Q q 0 0 0 rg BT 208.39 201.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 272.84 201.10 Td (income/\(loss\). ) Tj ET Q q 0 0 0 rg BT 333.41 201.10 Td (The ) Tj ET Q q 0 0 0 rg BT 352.87 201.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 401.21 201.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 422.34 201.10 Td (or ) Tj ET Q q 0 0 0 rg BT 434.59 201.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 454.07 201.10 Td (is ) Tj ET Q q 0 0 0 rg BT 464.65 201.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 514.10 201.10 Td (from ) Tj ET Q q 0 0 0 rg BT 537.45 201.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 189.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 153.72 189.10 Td (income/\(loss\) ) Tj ET Q q 0 0 0 rg BT 211.34 189.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.30 189.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.71 189.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 291.43 189.10 Td (income ) Tj ET Q q 0 0 0 rg BT 324.05 189.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 365.56 189.10 Td (at ) Tj ET Q q 0 0 0 rg BT 375.96 189.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.36 189.10 Td (same ) Tj ET Q q 0 0 0 rg BT 415.10 189.10 Td (time ) Tj ET Q q 0 0 0 rg BT 436.06 189.10 Td (as ) Tj ET Q q 0 0 0 rg BT 447.57 189.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.98 189.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 505.03 189.10 Td (ef) Tj ET Q q 0 0 0 rg BT 512.62 189.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 530.79 189.10 Td (arising ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 177.10 Td (from ) Tj ET Q q 0 0 0 rg BT 111.94 177.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.65 177.10 Td (hedged ) Tj ET Q q 0 0 0 rg BT 158.02 177.10 Td (item ) Tj ET Q q 0 0 0 rg BT 178.29 177.10 Td (af) Tj ET Q q 0 0 0 rg BT 185.88 177.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 207.25 177.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.97 177.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 275.01 177.10 Td (income ) Tj ET Q q 0 0 0 rg BT 306.94 177.10 Td (statement. ) Tj ET Q q 0 0 0 rg BT 350.07 177.10 Td (The ) Tj ET Q q 0 0 0 rg BT 368.12 177.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 387.83 177.10 Td (or ) Tj ET Q q 0 0 0 rg BT 398.66 177.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 416.71 177.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 460.30 177.10 Td (with ) Tj ET Q q 0 0 0 rg BT 480.58 177.10 Td (a ) Tj ET Q q 0 0 0 rg BT 487.51 177.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 513.89 177.10 Td (or ) Tj ET Q q 0 0 0 rg BT 524.71 177.10 Td (part ) Tj ET Q q 0 0 0 rg BT 542.76 177.10 Td (of ) Tj ET Q q 0 0 0 rg BT 553.58 177.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 165.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 115.92 165.10 Td (that ) Tj ET Q q 0 0 0 rg BT 132.95 165.10 Td (has ) Tj ET Q q 0 0 0 rg BT 148.32 165.10 Td (become ) Tj ET Q q 0 0 0 rg BT 181.45 165.10 Td (inef) Tj ET Q q 0 0 0 rg BT 196.82 165.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 226.06 165.10 Td (is ) Tj ET Q q 0 0 0 rg BT 234.77 165.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 280.67 165.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.48 165.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.74 165.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 357.32 165.10 Td (income ) Tj ET Q q 0 0 0 rg BT 388.79 165.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 429.15 165.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 481.17 165.10 Td (within ) Tj ET Q q 0 0 0 rg BT 508.77 165.10 Td (net ) Tj ET Q q 0 0 0 rg BT 523.02 165.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 153.10 Td (income/\(expense\). ) Tj ET Q q 0 0 0 rg BT 166.24 153.10 Td (When ) Tj ET Q q 0 0 0 rg BT 192.99 153.10 Td (a ) Tj ET Q q 0 0 0 rg BT 200.30 153.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 235.39 153.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 281.03 153.10 Td (or ) Tj ET Q q 0 0 0 rg BT 292.23 153.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 318.98 153.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 369.06 153.10 Td (is ) Tj ET Q q 0 0 0 rg BT 378.61 153.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 424.24 153.10 Td (but ) Tj ET Q q 0 0 0 rg BT 439.89 153.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.97 153.10 Td (hedged ) Tj ET Q q 0 0 0 rg BT 486.72 153.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 533.46 153.10 Td (is ) Tj ET Q q 0 0 0 rg BT 543.01 153.10 Td (still ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 141.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 128.80 141.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.84 141.10 Td (occur) Tj ET Q q 0 0 0 rg BT 161.65 141.10 Td (, ) Tj ET Q q 0 0 0 rg BT 167.41 141.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.89 141.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 230.58 141.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 251.06 141.10 Td (or ) Tj ET Q q 0 0 0 rg BT 262.66 141.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 281.48 141.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 316.39 141.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.43 141.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.91 141.10 Td (point ) Tj ET Q q 0 0 0 rg BT 366.73 141.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.33 141.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 427.69 141.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 462.61 141.10 Td (in ) Tj ET Q q 0 0 0 rg BT 473.65 141.10 Td (other ) Tj ET Q q 0 0 0 rg BT 497.46 141.10 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 129.10 Td (income/\(loss\) ) Tj ET Q q 0 0 0 rg BT 147.23 129.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.47 129.10 Td (is ) Tj ET Q q 0 0 0 rg BT 173.94 129.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 220.61 129.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.18 129.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.20 129.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 299.54 129.10 Td (income ) Tj ET Q q 0 0 0 rg BT 331.78 129.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 372.90 129.10 Td (at ) Tj ET Q q 0 0 0 rg BT 382.92 129.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.93 129.10 Td (same ) Tj ET Q q 0 0 0 rg BT 421.28 129.10 Td (time ) Tj ET Q q 0 0 0 rg BT 441.85 129.10 Td (as ) Tj ET Q q 0 0 0 rg BT 452.98 129.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.00 129.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 514.13 129.10 Td (transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 117.10 Td (occurs. ) Tj ET Q q 0 0 0 rg BT 119.85 117.10 Td (If ) Tj ET Q q 0 0 0 rg BT 127.77 117.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.24 117.10 Td (hedged ) Tj ET Q q 0 0 0 rg BT 171.38 117.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 216.51 117.10 Td (is ) Tj ET Q q 0 0 0 rg BT 224.43 117.10 Td (no ) Tj ET Q q 0 0 0 rg BT 235.69 117.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 262.49 117.10 Td (probable, ) Tj ET Q q 0 0 0 rg BT 301.23 117.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.71 117.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 360.39 117.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 403.29 117.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 421.76 117.10 Td (or ) Tj ET Q q 0 0 0 rg BT 431.35 117.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 448.17 117.10 Td (held ) Tj ET Q q 0 0 0 rg BT 466.64 117.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.67 117.10 Td (other ) Tj ET Q q 0 0 0 rg BT 497.48 117.10 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 105.10 Td (income/\(loss\) ) Tj ET Q q 0 0 0 rg BT 146.93 105.10 Td (is ) Tj ET Q q 0 0 0 rg BT 156.10 105.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 202.47 105.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.74 105.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.46 105.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 280.50 105.10 Td (income ) Tj ET Q q 0 0 0 rg BT 312.44 105.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 353.26 105.10 Td (immediately) Tj ET Q q 0 0 0 rg BT 402.59 105.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 85.10 Td (The Group does not use fair value hedges or hedges of a net investment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 65.10 Td (If ) Tj ET Q q 0 0 0 rg BT 99.97 65.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 127.15 65.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 174.33 65.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 204.30 65.10 Td (be ) Tj ET Q q 0 0 0 rg BT 217.04 65.10 Td (applied, ) Tj ET Q q 0 0 0 rg BT 252.29 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.81 65.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 292.23 65.10 Td (or ) Tj ET Q q 0 0 0 rg BT 303.86 65.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 331.06 65.10 Td (from ) Tj ET Q q 0 0 0 rg BT 353.81 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.34 65.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 386.52 65.10 Td (value ) Tj ET Q q 0 0 0 rg BT 411.48 65.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 468.10 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.74 65.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 523.03 65.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 53.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 103.17 53.10 Td (are ) Tj ET Q q 0 0 0 rg BT 117.87 53.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 164.23 53.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 216.72 53.10 Td (within ) Tj ET Q q 0 0 0 rg BT 244.78 53.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 282.26 53.10 Td (expenses.) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-10) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 713.10 Td (T) Tj ET Q q 0 0 0 rg BT 59.01 713.10 Td (ransfers of financial assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 689.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.79 689.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 135.59 689.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 155.62 689.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 185.06 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.64 689.10 Td (its ) Tj ET Q q 0 0 0 rg BT 207.33 689.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 229.57 689.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 276.78 689.10 Td (through ) Tj ET Q q 0 0 0 rg BT 310.14 689.10 Td (factoring ) Tj ET Q q 0 0 0 rg BT 348.48 689.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 398.49 689.10 Td (without ) Tj ET Q q 0 0 0 rg BT 431.29 689.10 Td (recourse. ) Tj ET Q q 0 0 0 rg BT 469.90 689.10 Td (In ) Tj ET Q q 0 0 0 rg BT 480.48 689.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 518.00 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.46 689.10 Td (Group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 74.68 677.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 104.77 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.00 677.10 Td (its ) Tj ET Q q 0 0 0 rg BT 128.35 677.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 176.21 677.10 Td (from ) Tj ET Q q 0 0 0 rg BT 198.55 677.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 239.21 677.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 278.21 677.10 Td (under ) Tj ET Q q 0 0 0 rg BT 303.87 677.10 Td (securitization ) Tj ET Q q 0 0 0 rg BT 360.64 677.10 Td (programs. ) Tj ET Q q 0 0 0 rg BT 403.80 677.10 Td (Securitization ) Tj ET Q q 0 0 0 rg BT 462.24 677.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 512.90 677.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 545.79 677.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 665.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 73.88 665.10 Td (on ) Tj ET Q q 0 0 0 rg BT 85.72 665.10 Td (a ) Tj ET Q q 0 0 0 rg BT 91.99 665.10 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 146.02 665.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 170.36 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.52 665.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.80 665.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 223.61 665.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 270.42 665.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 307.25 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.86 665.10 Td (a ) Tj ET Q q 0 0 0 rg BT 323.13 665.10 Td (special ) Tj ET Q q 0 0 0 rg BT 352.73 665.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 386.23 665.10 Td (vehicle, ) Tj ET Q q 0 0 0 rg BT 419.43 665.10 Td (which ) Tj ET Q q 0 0 0 rg BT 445.71 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.32 665.10 Td (turn ) Tj ET Q q 0 0 0 rg BT 473.26 665.10 Td (finances ) Tj ET Q q 0 0 0 rg BT 508.42 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.47 665.10 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.88 653.10 Td (such ) Tj ET Q q 0 0 0 rg BT 85.75 653.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 123.28 653.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 170.80 653.10 Td (by ) Tj ET Q q 0 0 0 rg BT 183.34 653.10 Td (issuing ) Tj ET Q q 0 0 0 rg BT 214.23 653.10 Td (asset-backed ) Tj ET Q q 0 0 0 rg BT 267.86 653.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 308.17 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 318.49 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.26 653.10 Td (form ) Tj ET Q q 0 0 0 rg BT 355.24 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.12 653.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 389.77 653.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 417.87 653.10 Td (repayment ) Tj ET Q q 0 0 0 rg BT 462.62 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.50 653.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 511.59 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.57 653.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 89.27 641.10 Td (on ) Tj ET Q q 0 0 0 rg BT 101.77 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.49 641.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 136.75 641.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 161.48 641.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 202.84 641.10 Td (by ) Tj ET Q q 0 0 0 rg BT 215.34 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.05 641.10 Td (related ) Tj ET Q q 0 0 0 rg BT 259.76 641.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 297.24 641.10 Td (receivables.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 617.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.38 617.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 136.76 617.10 Td (derecognizes ) Tj ET Q q 0 0 0 rg BT 191.78 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.82 617.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 244.63 617.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 270.79 617.10 Td (when, ) Tj ET Q q 0 0 0 rg BT 297.78 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.05 617.10 Td (only ) Tj ET Q q 0 0 0 rg BT 335.65 617.10 Td (when, ) Tj ET Q q 0 0 0 rg BT 362.64 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.69 617.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 424.93 617.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 450.54 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.81 617.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 489.53 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.14 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.18 617.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 535.78 617.10 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 84.32 605.10 Td (from ) Tj ET Q q 0 0 0 rg BT 106.87 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.20 605.10 Td (related ) Tj ET Q q 0 0 0 rg BT 152.51 605.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 190.59 605.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 217.03 605.10 Td (are ) Tj ET Q q 0 0 0 rg BT 232.35 605.10 Td (no ) Tj ET Q q 0 0 0 rg BT 245.46 605.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 274.11 605.10 Td (held ) Tj ET Q q 0 0 0 rg BT 294.43 605.10 Td (or ) Tj ET Q q 0 0 0 rg BT 305.87 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.20 605.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 349.86 605.10 Td (has ) Tj ET Q q 0 0 0 rg BT 366.29 605.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 412.71 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.03 605.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 466.12 605.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 495.06 605.10 Td (In ) Tj ET Q q 0 0 0 rg BT 506.50 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.82 605.10 Td (case ) Tj ET Q q 0 0 0 rg BT 542.14 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 553.58 605.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 593.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 87.11 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.00 593.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 135.55 593.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 163.95 593.10 Td (if ) Tj ET Q q 0 0 0 rg BT 172.63 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.41 593.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 215.53 593.10 Td (transfers ) Tj ET Q q 0 0 0 rg BT 252.53 593.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 305.65 593.10 Td (all ) Tj ET Q q 0 0 0 rg BT 318.21 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.00 593.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 354.46 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.47 593.10 Td (rewards ) Tj ET Q q 0 0 0 rg BT 405.68 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.58 593.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 460.81 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.71 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.50 593.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 524.04 593.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 552.44 593.10 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 581.10 Td (derecognizes ) Tj ET Q q 0 0 0 rg BT 108.96 581.10 Td (such ) Tj ET Q q 0 0 0 rg BT 130.05 581.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 156.14 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.34 581.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 216.64 581.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 262.15 581.10 Td (as ) Tj ET Q q 0 0 0 rg BT 273.25 581.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 299.34 581.10 Td (or ) Tj ET Q q 0 0 0 rg BT 310.43 581.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 350.41 581.10 Td (any ) Tj ET Q q 0 0 0 rg BT 367.61 581.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 393.15 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.35 581.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 457.56 581.10 Td (created ) Tj ET Q q 0 0 0 rg BT 489.19 581.10 Td (or ) Tj ET Q q 0 0 0 rg BT 500.28 581.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 535.24 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 545.78 581.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.10 Td (transfer) Tj ET Q q 0 0 0 rg BT 83.99 569.10 Td (. ) Tj ET Q q 0 0 0 rg BT 89.39 569.10 Td (On ) Tj ET Q q 0 0 0 rg BT 104.52 569.10 Td (derecognition ) Tj ET Q q 0 0 0 rg BT 162.40 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.63 569.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 211.52 569.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 240.25 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.38 569.10 Td (dif) Tj ET Q q 0 0 0 rg BT 266.30 569.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 298.62 569.10 Td (between ) Tj ET Q q 0 0 0 rg BT 334.84 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.96 569.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 386.18 569.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 419.08 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.32 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.44 569.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 471.67 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.01 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.13 569.10 Td (consideration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 557.10 Td (received ) Tj ET Q q 0 0 0 rg BT 90.36 557.10 Td (or ) Tj ET Q q 0 0 0 rg BT 101.19 557.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 144.77 557.10 Td (for ) Tj ET Q q 0 0 0 rg BT 158.93 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.65 557.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 206.69 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.52 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.23 557.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 258.06 557.10 Td (is ) Tj ET Q q 0 0 0 rg BT 267.23 557.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 313.59 557.10 Td (within ) Tj ET Q q 0 0 0 rg BT 341.65 557.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 360.26 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.09 557.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 393.03 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.31 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.02 557.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 471.07 557.10 Td (income ) Tj ET Q q 0 0 0 rg BT 503.00 557.10 Td (statement.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 525.10 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 110.40 525.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.67 525.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 145.97 525.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 153.47 525.10 Td (- ) Tj ET Q q 0 0 0 rg BT 159.30 525.10 Td (Share-Based ) Tj ET Q q 0 0 0 rg BT 214.58 525.10 Td (Payment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 501.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 501.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.81 501.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 135.62 501.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 169.54 501.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 184.01 501.10 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 237.37 501.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.41 501.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 270.22 501.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 277.48 501.10 Td (- ) Tj ET Q q 0 0 0 rg BT 283.07 501.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 301.59 501.10 Td (e-Based ) Tj ET Q q 0 0 0 rg BT 336.06 501.10 Td (Payment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.04 501.10 Td (. ) Tj ET Q q 0 0 0 rg BT 375.64 501.10 Td (The ) Tj ET Q q 0 0 0 rg BT 393.45 501.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 446.25 501.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 479.06 501.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 533.52 501.10 Td (on ) Tj ET Q q 0 0 0 rg BT 545.78 501.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 489.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 100.40 489.10 Td (for ) Tj ET Q q 0 0 0 rg BT 114.59 489.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 126.56 489.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.30 489.10 Td (ef) Tj ET Q q 0 0 0 rg BT 148.89 489.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 170.29 489.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.15 489.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 212.57 489.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.53 489.10 Td (non-vesting ) Tj ET Q q 0 0 0 rg BT 279.28 489.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 323.47 489.10 Td (on ) Tj ET Q q 0 0 0 rg BT 336.00 489.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.75 489.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 406.58 489.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.44 489.10 Td (cash-settled ) Tj ET Q q 0 0 0 rg BT 467.17 489.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 516.90 489.10 Td (payments; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 477.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 68.98 477.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 118.93 477.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 156.13 477.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 206.65 477.10 Td (with ) Tj ET Q q 0 0 0 rg BT 227.19 477.10 Td (a ) Tj ET Q q 0 0 0 rg BT 234.39 477.10 Td (net ) Tj ET Q q 0 0 0 rg BT 249.37 477.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 293.23 477.10 Td (feature ) Tj ET Q q 0 0 0 rg BT 323.74 477.10 Td (for ) Tj ET Q q 0 0 0 rg BT 338.16 477.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 389.26 477.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 404.23 477.10 Td (obligations; ) Tj ET Q q 0 0 0 rg BT 454.21 477.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.41 477.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 489.17 477.10 Td (a ) Tj ET Q q 0 0 0 rg BT 496.37 477.10 Td (modification ) Tj ET Q q 0 0 0 rg BT 550.23 477.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 465.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.42 465.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 92.85 465.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.49 465.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 153.37 465.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.90 465.10 Td (a ) Tj ET Q q 0 0 0 rg BT 170.55 465.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 219.95 465.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 256.59 465.10 Td (that ) Tj ET Q q 0 0 0 rg BT 273.79 465.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 308.21 465.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.63 465.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 377.60 465.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.14 465.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.56 465.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 448.64 465.10 Td (from ) Tj ET Q q 0 0 0 rg BT 470.28 465.10 Td (cash-settled ) Tj ET Q q 0 0 0 rg BT 519.69 465.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.68 465.10 Td (equity-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 453.10 Td (settled. ) Tj ET Q q 0 0 0 rg BT 84.48 453.10 Td (The ) Tj ET Q q 0 0 0 rg BT 102.05 453.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 154.62 453.10 Td (are ) Tj ET Q q 0 0 0 rg BT 168.85 453.10 Td (ef) Tj ET Q q 0 0 0 rg BT 176.44 453.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 205.67 453.10 Td (for ) Tj ET Q q 0 0 0 rg BT 219.36 453.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 248.04 453.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 279.50 453.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 321.52 453.10 Td (on ) Tj ET Q q 0 0 0 rg BT 333.55 453.10 Td (or ) Tj ET Q q 0 0 0 rg BT 343.90 453.10 Td (after ) Tj ET Q q 0 0 0 rg BT 364.24 453.10 Td (January ) Tj ET Q q 0 0 0 rg BT 397.37 453.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 406.89 453.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 428.92 453.10 Td (with ) Tj ET Q q 0 0 0 rg BT 448.72 453.10 Td (early ) Tj ET Q q 0 0 0 rg BT 470.73 453.10 Td (application ) Tj ET Q q 0 0 0 rg BT 517.19 453.10 Td (permitted. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 441.10 Td (The ) Tj ET Q q 0 0 0 rg BT 71.07 441.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 98.14 441.10 Td (has ) Tj ET Q q 0 0 0 rg BT 112.98 441.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 143.94 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.67 441.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 209.73 441.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.03 441.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 267.75 441.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 303.70 441.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 352.98 441.10 Td (under ) Tj ET Q q 0 0 0 rg BT 377.27 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.00 441.10 Td (Group) Tj ET Q q 0 0 0 rg BT 419.33 441.10 Td (s ) Tj ET Q q 0 0 0 rg BT 424.74 441.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 451.26 441.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 489.42 441.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 508.16 441.10 Td (that ) Tj ET Q q 0 0 0 rg BT 524.67 441.10 Td (contains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 429.10 Td (a ) Tj ET Q q 0 0 0 rg BT 60.51 429.10 Td (net ) Tj ET Q q 0 0 0 rg BT 74.79 429.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 117.95 429.10 Td (feature ) Tj ET Q q 0 0 0 rg BT 147.78 429.10 Td (for ) Tj ET Q q 0 0 0 rg BT 161.50 429.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 211.90 429.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 226.19 429.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 275.20 429.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 312.26 429.10 Td (in ) Tj ET Q q 0 0 0 rg BT 322.11 429.10 Td (such ) Tj ET Q q 0 0 0 rg BT 342.50 429.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 392.33 429.10 Td (being ) Tj ET Q q 0 0 0 rg BT 416.62 429.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 456.45 429.10 Td (in ) Tj ET Q q 0 0 0 rg BT 466.29 429.10 Td (their ) Tj ET Q q 0 0 0 rg BT 486.68 429.10 Td (entirety ) Tj ET Q q 0 0 0 rg BT 519.29 429.10 Td (as ) Tj ET Q q 0 0 0 rg BT 529.69 429.10 Td (equity-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 417.10 Td (settled. ) Tj ET Q q 0 0 0 rg BT 84.92 417.10 Td (There ) Tj ET Q q 0 0 0 rg BT 110.74 417.10 Td (were ) Tj ET Q q 0 0 0 rg BT 132.67 417.10 Td (no ) Tj ET Q q 0 0 0 rg BT 145.17 417.10 Td (other ) Tj ET Q q 0 0 0 rg BT 168.21 417.10 Td (ef) Tj ET Q q 0 0 0 rg BT 175.80 417.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 197.18 417.10 Td (from ) Tj ET Q q 0 0 0 rg BT 219.12 417.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.83 417.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 271.33 417.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.16 417.10 Td (these ) Tj ET Q q 0 0 0 rg BT 305.21 417.10 Td (amendments.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 393.10 Td (IFRIC ) Tj ET Q q 0 0 0 rg BT 84.29 393.10 Td (Interpretation ) Tj ET Q q 0 0 0 rg BT 144.58 393.10 Td (22 ) Tj ET Q q 0 0 0 rg BT 157.08 393.10 Td (- ) Tj ET Q q 0 0 0 rg BT 162.91 393.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 198.75 393.10 Td (Currency ) Tj ET Q q 0 0 0 rg BT 240.14 393.10 Td (T) Tj ET Q q 0 0 0 rg BT 245.88 393.10 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 296.17 393.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.86 393.10 Td (Advance ) Tj ET Q q 0 0 0 rg BT 351.91 393.10 Td (Consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 381.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 369.10 Td (The ) Tj ET Q q 0 0 0 rg BT 71.23 369.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 98.46 369.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 131.79 369.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 145.69 369.10 Td (IFRIC ) Tj ET Q q 0 0 0 rg BT 172.91 369.10 Td (Interpr) Tj ET Q q 0 0 0 rg BT 200.87 369.10 Td (etation ) Tj ET Q q 0 0 0 rg BT 230.32 369.10 Td (22 ) Tj ET Q q 0 0 0 rg BT 242.00 369.10 Td (- ) Tj ET Q q 0 0 0 rg BT 247.01 369.10 Td (For) Tj ET Q q 0 0 0 rg BT 261.64 369.10 Td (eign ) Tj ET Q q 0 0 0 rg BT 280.53 369.10 Td (Curr) Tj ET Q q 0 0 0 rg BT 299.62 369.10 Td (ency ) Tj ET Q q 0 0 0 rg BT 319.61 369.10 Td (T) Tj ET Q q 0 0 0 rg BT 324.62 369.10 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 372.97 369.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.53 369.10 Td (Advance ) Tj ET Q q 0 0 0 rg BT 425.63 369.10 Td (Consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.85 369.10 Td (. ) Tj ET Q q 0 0 0 rg BT 486.91 369.10 Td (The ) Tj ET Q q 0 0 0 rg BT 504.14 369.10 Td (interpretation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 357.10 Td (addresses ) Tj ET Q q 0 0 0 rg BT 94.41 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.72 357.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 148.56 357.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 165.64 357.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.51 357.10 Td (use ) Tj ET Q q 0 0 0 rg BT 190.93 357.10 Td (in ) Tj ET Q q 0 0 0 rg BT 200.80 357.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 250.66 357.10 Td (that ) Tj ET Q q 0 0 0 rg BT 267.74 357.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 299.83 357.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 334.68 357.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 390.64 357.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 409.95 357.10 Td (or ) Tj ET Q q 0 0 0 rg BT 420.37 357.10 Td (received ) Tj ET Q q 0 0 0 rg BT 456.32 357.10 Td (in ) Tj ET Q q 0 0 0 rg BT 466.19 357.10 Td (a ) Tj ET Q q 0 0 0 rg BT 472.72 357.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 503.69 357.10 Td (currency) Tj ET Q q 0 0 0 rg BT 538.02 357.10 Td (. ) Tj ET Q q 0 0 0 rg BT 542.46 357.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 345.10 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 110.37 345.10 Td (is ) Tj ET Q q 0 0 0 rg BT 119.54 345.10 Td (ef) Tj ET Q q 0 0 0 rg BT 127.13 345.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 156.83 345.10 Td (on ) Tj ET Q q 0 0 0 rg BT 169.33 345.10 Td (or ) Tj ET Q q 0 0 0 rg BT 180.16 345.10 Td (after ) Tj ET Q q 0 0 0 rg BT 200.97 345.10 Td (January ) Tj ET Q q 0 0 0 rg BT 234.57 345.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 244.57 345.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 269.39 345.10 Td (There ) Tj ET Q q 0 0 0 rg BT 295.21 345.10 Td (was ) Tj ET Q q 0 0 0 rg BT 313.26 345.10 Td (no ) Tj ET Q q 0 0 0 rg BT 325.76 345.10 Td (ef) Tj ET Q q 0 0 0 rg BT 333.35 345.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 350.83 345.10 Td (from ) Tj ET Q q 0 0 0 rg BT 372.77 345.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.49 345.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 424.98 345.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.81 345.10 Td (this ) Tj ET Q q 0 0 0 rg BT 452.76 345.10 Td (interpretation.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 321.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 87.63 321.10 Td (Improvements ) Tj ET Q q 0 0 0 rg BT 149.02 321.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.30 321.10 Td (IFRSs ) Tj ET Q q 0 0 0 rg BT 188.48 321.10 Td (2014-2016 ) Tj ET Q q 0 0 0 rg BT 234.31 321.10 Td (Cycle) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 297.10 Td (The ) Tj ET Q q 0 0 0 rg BT 72.08 297.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 100.16 297.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 134.35 297.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 149.10 297.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 180.52 297.10 Td (Impr) Tj ET Q q 0 0 0 rg BT 199.59 297.10 Td (ovements ) Tj ET Q q 0 0 0 rg BT 239.33 297.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.64 297.10 Td (IFRSs ) Tj ET Q q 0 0 0 rg BT 276.61 297.10 Td (2014-2016 ) Tj ET Q q 0 0 0 rg BT 322.47 297.10 Td (Cycle) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.23 297.10 Td (. ) Tj ET Q q 0 0 0 rg BT 350.08 297.10 Td (The ) Tj ET Q q 0 0 0 rg BT 368.16 297.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 427.90 297.10 Td (has ) Tj ET Q q 0 0 0 rg BT 443.77 297.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 482.39 297.10 Td (two ) Tj ET Q q 0 0 0 rg BT 499.92 297.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 540.22 297.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 285.10 Td (ef) Tj ET Q q 0 0 0 rg BT 61.59 285.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 90.99 285.10 Td (date ) Tj ET Q q 0 0 0 rg BT 109.84 285.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.37 285.10 Td (January ) Tj ET Q q 0 0 0 rg BT 153.67 285.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 163.37 285.10 Td (2018: ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 188.35 285.10 Td (i\) ) Tj ET Q q 0 0 0 rg BT 196.66 285.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 219.41 285.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 226.60 285.10 Td (- ) Tj ET Q q 0 0 0 rg BT 232.13 285.10 Td (First-time ) Tj ET Q q 0 0 0 rg BT 274.17 285.10 Td (Adoption ) Tj ET Q q 0 0 0 rg BT 313.04 285.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.01 285.10 Td (International ) Tj ET Q q 0 0 0 rg BT 377.99 285.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 419.07 285.10 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 461.26 285.10 Td (Standar) Tj ET Q q 0 0 0 rg BT 492.56 285.10 Td (ds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 285.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 520.29 285.10 Td (ii\) ) Tj ET Q q 0 0 0 rg BT 531.38 285.10 Td (IAS ) Tj ET Q q 0 0 0 rg BT 548.02 285.10 Td (28 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 273.10 Td (- ) Tj ET Q q 0 0 0 rg BT 60.37 273.10 Td (Investments ) Tj ET Q q 0 0 0 rg BT 110.62 273.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.23 273.10 Td (Associates ) Tj ET Q q 0 0 0 rg BT 166.49 273.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.53 273.10 Td (Joint ) Tj ET Q q 0 0 0 rg BT 207.57 273.10 Td (V) Tj ET Q q 0 0 0 rg BT 212.57 273.10 Td (entur) Tj ET Q q 0 0 0 rg BT 233.31 273.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.64 273.10 Td (. ) Tj ET Q q 0 0 0 rg BT 246.96 273.10 Td (The ) Tj ET Q q 0 0 0 rg BT 265.55 273.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 319.13 273.10 Td (clarify) Tj ET Q q 0 0 0 rg BT 344.58 273.10 Td (, ) Tj ET Q q 0 0 0 rg BT 350.12 273.10 Td (correct ) Tj ET Q q 0 0 0 rg BT 380.92 273.10 Td (or ) Tj ET Q q 0 0 0 rg BT 392.29 273.10 Td (remove ) Tj ET Q q 0 0 0 rg BT 425.32 273.10 Td (redundant ) Tj ET Q q 0 0 0 rg BT 468.35 273.10 Td (wording ) Tj ET Q q 0 0 0 rg BT 504.72 273.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.55 273.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.81 273.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 261.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 77.62 261.10 Td (Standards. ) Tj ET Q q 0 0 0 rg BT 121.88 261.10 Td (There ) Tj ET Q q 0 0 0 rg BT 147.70 261.10 Td (was ) Tj ET Q q 0 0 0 rg BT 165.75 261.10 Td (no ) Tj ET Q q 0 0 0 rg BT 178.25 261.10 Td (ef) Tj ET Q q 0 0 0 rg BT 185.84 261.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 203.32 261.10 Td (from ) Tj ET Q q 0 0 0 rg BT 225.26 261.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.98 261.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 277.47 261.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.30 261.10 Td (these ) Tj ET Q q 0 0 0 rg BT 311.35 261.10 Td (amendments.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 225.10 Td (New ) Tj ET Q q 0 0 0 rg BT 75.38 225.10 Td (standards, ) Tj ET Q q 0 0 0 rg BT 122.62 225.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 179.56 225.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.18 225.10 Td (interpr) Tj ET Q q 0 0 0 rg BT 228.55 225.10 Td (etations ) Tj ET Q q 0 0 0 rg BT 264.38 225.10 Td (not ) Tj ET Q q 0 0 0 rg BT 280.77 225.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 296.04 225.10 Td (effective) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 201.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 201.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.68 201.10 Td (standards, ) Tj ET Q q 0 0 0 rg BT 150.09 201.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 202.77 201.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.34 201.10 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 279.24 201.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 306.37 201.10 Td (by ) Tj ET Q q 0 0 0 rg BT 318.51 201.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.86 201.10 Td (International ) Tj ET Q q 0 0 0 rg BT 385.61 201.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 434.41 201.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 475.98 201.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 502.56 201.10 Td (\(IASB\) ) Tj ET Q q 0 0 0 rg BT 543.01 201.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 189.10 Td (will ) Tj ET Q q 0 0 0 rg BT 72.06 189.10 Td (have ) Tj ET Q q 0 0 0 rg BT 93.43 189.10 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 138.70 189.10 Td (application ) Tj ET Q q 0 0 0 rg BT 185.63 189.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.90 189.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 218.40 189.10 Td (or ) Tj ET Q q 0 0 0 rg BT 229.23 189.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 276.17 189.10 Td (years ) Tj ET Q q 0 0 0 rg BT 299.77 189.10 Td (are ) Tj ET Q q 0 0 0 rg BT 314.48 189.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 338.64 189.10 Td (below:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 165.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 165.10 Td (In ) Tj ET Q q 0 0 0 rg BT 101.43 165.10 Td (January ) Tj ET Q q 0 0 0 rg BT 135.64 165.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 158.74 165.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.06 165.10 Td (IASB ) Tj ET Q q 0 0 0 rg BT 199.95 165.10 Td (issued ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 228.06 165.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 251.71 165.10 Td (16 ) Tj ET Q q 0 0 0 rg BT 264.81 165.10 Td (- ) Tj ET Q q 0 0 0 rg BT 271.25 165.10 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.47 165.10 Td ( ) Tj ET Q q 0 0 0 rg BT 301.57 165.10 Td (which ) Tj ET Q q 0 0 0 rg BT 329.12 165.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 347.22 165.10 Td (out ) Tj ET Q q 0 0 0 rg BT 363.10 165.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.42 165.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 420.96 165.10 Td (for ) Tj ET Q q 0 0 0 rg BT 435.73 165.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.05 165.10 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 502.19 165.10 Td (measurement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 153.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 105.66 153.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.89 153.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 166.23 153.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.36 153.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 204.02 153.10 Td (for ) Tj ET Q q 0 0 0 rg BT 218.48 153.10 Td (both ) Tj ET Q q 0 0 0 rg BT 239.05 153.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 268.49 153.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.06 153.10 Td (a ) Tj ET Q q 0 0 0 rg BT 286.29 153.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 321.29 153.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.52 153.10 Td (replaces ) Tj ET Q q 0 0 0 rg BT 374.07 153.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.07 153.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 426.30 153.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 452.97 153.10 Td (standard, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 492.14 153.10 Td (IAS ) Tj ET Q q 0 0 0 rg BT 509.37 153.10 Td (17 ) Tj ET Q q 0 0 0 rg BT 522.17 153.10 Td (- ) Tj ET Q q 0 0 0 rg BT 528.29 153.10 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.51 153.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 141.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 77.50 141.10 Td (16, ) Tj ET Q q 0 0 0 rg BT 92.38 141.10 Td (which ) Tj ET Q q 0 0 0 rg BT 119.20 141.10 Td (is ) Tj ET Q q 0 0 0 rg BT 128.25 141.10 Td (not ) Tj ET Q q 0 0 0 rg BT 143.41 141.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 186.88 141.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.04 141.10 Td (service ) Tj ET Q q 0 0 0 rg BT 227.74 141.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 268.71 141.10 Td (but ) Tj ET Q q 0 0 0 rg BT 283.87 141.10 Td (only ) Tj ET Q q 0 0 0 rg BT 304.03 141.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 347.50 141.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.65 141.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 383.91 141.10 Td (or ) Tj ET Q q 0 0 0 rg BT 394.62 141.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 416.99 141.10 Td (components ) Tj ET Q q 0 0 0 rg BT 467.69 141.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.40 141.10 Td (a ) Tj ET Q q 0 0 0 rg BT 485.22 141.10 Td (contract, ) Tj ET Q q 0 0 0 rg BT 522.31 141.10 Td (defines ) Tj ET Q q 0 0 0 rg BT 553.56 141.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 129.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 75.72 129.10 Td (as ) Tj ET Q q 0 0 0 rg BT 85.79 129.10 Td (a ) Tj ET Q q 0 0 0 rg BT 91.97 129.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 125.91 129.10 Td (that ) Tj ET Q q 0 0 0 rg BT 142.64 129.10 Td (conveys ) Tj ET Q q 0 0 0 rg BT 177.14 129.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.66 129.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.61 129.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 239.01 129.10 Td (\(lessee\) ) Tj ET Q q 0 0 0 rg BT 271.28 129.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.23 129.10 Td (right ) Tj ET Q q 0 0 0 rg BT 305.86 129.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.37 129.10 Td (use ) Tj ET Q q 0 0 0 rg BT 330.44 129.10 Td (an ) Tj ET Q q 0 0 0 rg BT 341.62 129.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 362.79 129.10 Td (for ) Tj ET Q q 0 0 0 rg BT 376.19 129.10 Td (a ) Tj ET Q q 0 0 0 rg BT 382.37 129.10 Td (period ) Tj ET Q q 0 0 0 rg BT 409.65 129.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.72 129.10 Td (time ) Tj ET Q q 0 0 0 rg BT 439.23 129.10 Td (in ) Tj ET Q q 0 0 0 rg BT 448.74 129.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 488.24 129.10 Td (for ) Tj ET Q q 0 0 0 rg BT 501.63 129.10 Td (consideration. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 117.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 77.73 117.10 Td (16 ) Tj ET Q q 0 0 0 rg BT 90.34 117.10 Td (eliminates ) Tj ET Q q 0 0 0 rg BT 134.04 117.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.86 117.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 204.23 117.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.17 117.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 241.65 117.10 Td (for ) Tj ET Q q 0 0 0 rg BT 255.92 117.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.74 117.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 297.22 117.10 Td (as ) Tj ET Q q 0 0 0 rg BT 308.16 117.10 Td (either ) Tj ET Q q 0 0 0 rg BT 333.53 117.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 373.90 117.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 400.38 117.10 Td (or ) Tj ET Q q 0 0 0 rg BT 411.32 117.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 443.35 117.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 469.83 117.10 Td (as ) Tj ET Q q 0 0 0 rg BT 480.77 117.10 Td (required ) Tj ET Q q 0 0 0 rg BT 516.69 117.10 Td (by ) Tj ET Q q 0 0 0 rg BT 529.30 117.10 Td (IAS ) Tj ET Q q 0 0 0 rg BT 548.02 117.10 Td (17 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 105.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 73.44 105.10 Td (instead, ) Tj ET Q q 0 0 0 rg BT 106.76 105.10 Td (introduces ) Tj ET Q q 0 0 0 rg BT 150.92 105.10 Td (a ) Tj ET Q q 0 0 0 rg BT 157.86 105.10 Td (single ) Tj ET Q q 0 0 0 rg BT 184.24 105.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 210.62 105.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 256.99 105.10 Td (model ) Tj ET Q q 0 0 0 rg BT 284.49 105.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 321.42 105.10 Td (a ) Tj ET Q q 0 0 0 rg BT 328.36 105.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 354.73 105.10 Td (is ) Tj ET Q q 0 0 0 rg BT 363.90 105.10 Td (required ) Tj ET Q q 0 0 0 rg BT 399.72 105.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.00 105.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 451.36 105.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 477.19 105.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.13 105.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 533.84 105.10 Td (for ) Tj ET Q q 0 0 0 rg BT 548.00 105.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 93.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 80.52 93.10 Td (with ) Tj ET Q q 0 0 0 rg BT 100.93 93.10 Td (a ) Tj ET Q q 0 0 0 rg BT 108.01 93.10 Td (term ) Tj ET Q q 0 0 0 rg BT 128.97 93.10 Td (that ) Tj ET Q q 0 0 0 rg BT 146.60 93.10 Td (is ) Tj ET Q q 0 0 0 rg BT 155.91 93.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 186.31 93.10 Td (than ) Tj ET Q q 0 0 0 rg BT 206.16 93.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 218.80 93.10 Td (months, ) Tj ET Q q 0 0 0 rg BT 253.38 93.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 281.02 93.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.88 93.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 341.84 93.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 363.92 93.10 Td (is ) Tj ET Q q 0 0 0 rg BT 373.23 93.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.19 93.10 Td (low ) Tj ET Q q 0 0 0 rg BT 401.83 93.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 428.63 93.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.70 93.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.12 93.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 497.62 93.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 549.68 93.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 81.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 76.83 81.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 103.00 81.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 146.37 81.10 Td (from ) Tj ET Q q 0 0 0 rg BT 168.65 81.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 200.93 81.10 Td (on ) Tj ET Q q 0 0 0 rg BT 213.77 81.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 236.60 81.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 276.66 81.10 Td (in ) Tj ET Q q 0 0 0 rg BT 287.28 81.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.33 81.10 Td (income ) Tj ET Q q 0 0 0 rg BT 334.61 81.10 Td (statement. ) Tj ET Q q 0 0 0 rg BT 377.65 81.10 Td (As ) Tj ET Q q 0 0 0 rg BT 391.60 81.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 415.57 81.10 Td (16 ) Tj ET Q q 0 0 0 rg BT 428.41 81.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 481.80 81.10 Td (carries ) Tj ET Q q 0 0 0 rg BT 511.29 81.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 545.78 81.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 69.10 Td (lessor ) Tj ET Q q 0 0 0 rg BT 79.97 69.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 126.48 69.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 181.32 69.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.74 69.10 Td (IAS ) Tj ET Q q 0 0 0 rg BT 210.49 69.10 Td (17, ) Tj ET Q q 0 0 0 rg BT 225.63 69.10 Td (a ) Tj ET Q q 0 0 0 rg BT 232.70 69.10 Td (lessor ) Tj ET Q q 0 0 0 rg BT 258.67 69.10 Td (will ) Tj ET Q q 0 0 0 rg BT 276.86 69.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 313.94 69.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.35 69.10 Td (classify ) Tj ET Q q 0 0 0 rg BT 357.54 69.10 Td (its ) Tj ET Q q 0 0 0 rg BT 369.62 69.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 396.14 69.10 Td (as ) Tj ET Q q 0 0 0 rg BT 407.11 69.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 447.51 69.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 474.02 69.10 Td (or ) Tj ET Q q 0 0 0 rg BT 484.99 69.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 517.06 69.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 543.57 69.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 57.10 Td (to ) Tj ET Q q 0 0 0 rg BT 64.03 57.10 Td (account ) Tj ET Q q 0 0 0 rg BT 97.38 57.10 Td (for ) Tj ET Q q 0 0 0 rg BT 111.30 57.10 Td (those ) Tj ET Q q 0 0 0 rg BT 134.66 57.10 Td (two ) Tj ET Q q 0 0 0 rg BT 151.92 57.10 Td (types ) Tj ET Q q 0 0 0 rg BT 175.28 57.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.87 57.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 212.00 57.10 Td (dif) Tj ET Q q 0 0 0 rg BT 222.93 57.10 Td (ferently) Tj ET Q q 0 0 0 rg BT 253.38 57.10 Td (. ) Tj ET Q q 0 0 0 rg BT 258.13 57.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 281.51 57.10 Td (16 ) Tj ET Q q 0 0 0 rg BT 293.77 57.10 Td (is ) Tj ET Q q 0 0 0 rg BT 302.69 57.10 Td (ef) Tj ET Q q 0 0 0 rg BT 310.28 57.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 339.74 57.10 Td (from ) Tj ET Q q 0 0 0 rg BT 361.43 57.10 Td (January ) Tj ET Q q 0 0 0 rg BT 394.79 57.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 404.54 57.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 426.80 57.10 Td (with ) Tj ET Q q 0 0 0 rg BT 446.83 57.10 Td (early ) Tj ET Q q 0 0 0 rg BT 469.07 57.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 506.32 57.10 Td (allowed ) Tj ET Q q 0 0 0 rg BT 540.24 57.10 Td (only ) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.85 32.20 Td (F-1) Tj ET Q q 0 0 0 rg BT 311.07 32.20 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 713.10 Td (if ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.05 713.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 84.54 713.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 96.48 713.10 Td (- ) Tj ET Q q 0 0 0 rg BT 101.75 713.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 137.55 713.10 Td (fr) Tj ET Q q 0 0 0 rg BT 143.85 713.10 Td (om ) Tj ET Q q 0 0 0 rg BT 158.01 713.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 199.40 713.10 Td (with ) Tj ET Q q 0 0 0 rg BT 218.56 713.10 Td (Customers ) Tj ET Q q 0 0 0 rg BT 263.29 713.10 Td (is) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.96 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 271.90 713.10 Td (also ) Tj ET Q q 0 0 0 rg BT 289.94 713.10 Td (applied. ) Tj ET Q q 0 0 0 rg BT 323.68 713.10 Td (The ) Tj ET Q q 0 0 0 rg BT 341.16 713.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 368.66 713.10 Td (will ) Tj ET Q q 0 0 0 rg BT 386.15 713.10 Td (not ) Tj ET Q q 0 0 0 rg BT 400.87 713.10 Td (early ) Tj ET Q q 0 0 0 rg BT 422.80 713.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 446.95 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.11 713.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 496.93 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.30 713.10 Td (is ) Tj ET Q q 0 0 0 rg BT 521.91 713.10 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 701.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 98.15 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.87 701.10 Td (method ) Tj ET Q q 0 0 0 rg BT 145.36 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.19 701.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 221.46 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.39 701.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 268.11 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.94 701.10 Td (adoption.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 677.10 Td (In ) Tj ET Q q 0 0 0 rg BT 102.76 677.10 Td (May ) Tj ET Q q 0 0 0 rg BT 125.51 677.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 149.94 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.59 677.10 Td (IASB ) Tj ET Q q 0 0 0 rg BT 193.80 677.10 Td (issued ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 223.22 677.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 248.20 677.10 Td (17 ) Tj ET Q q 0 0 0 rg BT 262.63 677.10 Td (- ) Tj ET Q q 0 0 0 rg BT 270.38 677.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 314.80 677.10 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.25 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 358.68 677.10 Td (whichestablishes ) Tj ET Q q 0 0 0 rg BT 433.37 677.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 477.23 677.10 Td (for ) Tj ET Q q 0 0 0 rg BT 493.31 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.96 677.10 Td (recognition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 665.10 Td (measurement, ) Tj ET Q q 0 0 0 rg BT 112.89 665.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 164.83 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.35 665.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 225.97 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.37 665.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 278.76 665.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 317.93 665.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 346.01 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 357.41 665.10 Td (well ) Tj ET Q q 0 0 0 rg BT 377.71 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 389.11 665.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 428.28 665.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 461.90 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.75 665.10 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 521.91 665.10 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 653.10 Td (held ) Tj ET Q q 0 0 0 rg BT 73.71 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.64 653.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 137.02 653.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 175.61 653.10 Td (with ) Tj ET Q q 0 0 0 rg BT 195.88 653.10 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 250.58 653.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 303.61 653.10 Td (features ) Tj ET Q q 0 0 0 rg BT 337.75 653.10 Td (issued. ) Tj ET Q q 0 0 0 rg BT 367.74 653.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 391.36 653.10 Td (17 ) Tj ET Q q 0 0 0 rg BT 403.85 653.10 Td (is ) Tj ET Q q 0 0 0 rg BT 413.02 653.10 Td (ef) Tj ET Q q 0 0 0 rg BT 420.60 653.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 450.30 653.10 Td (on ) Tj ET Q q 0 0 0 rg BT 462.79 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 473.62 653.10 Td (after ) Tj ET Q q 0 0 0 rg BT 494.43 653.10 Td (January ) Tj ET Q q 0 0 0 rg BT 528.02 653.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 538.02 653.10 Td (2021 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.10 Td (with ) Tj ET Q q 0 0 0 rg BT 74.23 641.10 Td (early ) Tj ET Q q 0 0 0 rg BT 96.67 641.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 134.12 641.10 Td (allowed ) Tj ET Q q 0 0 0 rg BT 168.23 641.10 Td (if ) Tj ET Q q 0 0 0 rg BT 176.80 641.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 200.38 641.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 212.83 641.10 Td (- ) Tj ET Q q 0 0 0 rg BT 218.62 641.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 256.06 641.10 Td (from ) Tj ET Q q 0 0 0 rg BT 277.95 641.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 318.73 641.10 Td (with ) Tj ET Q q 0 0 0 rg BT 338.96 641.10 Td (Customers ) Tj ET Q q 0 0 0 rg BT 384.20 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.09 641.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 424.67 641.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 432.12 641.10 Td (- ) Tj ET Q q 0 0 0 rg BT 437.91 641.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 477.58 641.10 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 527.25 641.10 Td (are ) Tj ET Q q 0 0 0 rg BT 541.91 641.10 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.10 Td (applied. ) Tj ET Q q 0 0 0 rg BT 88.25 629.10 Td (The ) Tj ET Q q 0 0 0 rg BT 106.30 629.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 134.35 629.10 Td (does ) Tj ET Q q 0 0 0 rg BT 155.18 629.10 Td (not ) Tj ET Q q 0 0 0 rg BT 170.46 629.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 199.05 629.10 Td (any ) Tj ET Q q 0 0 0 rg BT 215.99 629.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 245.70 629.10 Td (from ) Tj ET Q q 0 0 0 rg BT 267.64 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.36 629.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 319.85 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.68 629.10 Td (this ) Tj ET Q q 0 0 0 rg BT 347.63 629.10 Td (standard.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 605.10 Td (In ) Tj ET Q q 0 0 0 rg BT 101.75 605.10 Td (June ) Tj ET Q q 0 0 0 rg BT 123.50 605.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 146.93 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.56 605.10 Td (IASB ) Tj ET Q q 0 0 0 rg BT 188.77 605.10 Td (issued ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 217.19 605.10 Td (IFRIC ) Tj ET Q q 0 0 0 rg BT 246.16 605.10 Td (Interpr) Tj ET Q q 0 0 0 rg BT 274.12 605.10 Td (etation ) Tj ET Q q 0 0 0 rg BT 305.31 605.10 Td (23 ) Tj ET Q q 0 0 0 rg BT 318.74 605.10 Td (- ) Tj ET Q q 0 0 0 rg BT 325.49 605.10 Td (Uncertainty ) Tj ET Q q 0 0 0 rg BT 376.67 605.10 Td (over ) Tj ET Q q 0 0 0 rg BT 397.86 605.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 430.71 605.10 Td (T) Tj ET Q q 0 0 0 rg BT 435.36 605.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 448.22 605.10 Td (T) Tj ET Q q 0 0 0 rg BT 453.23 605.10 Td (r) Tj ET Q q 0 0 0 rg BT 456.75 605.10 Td (eatments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.30 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 495.72 605.10 Td (which ) Tj ET Q q 0 0 0 rg BT 523.58 605.10 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 593.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 109.07 593.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 150.25 593.10 Td (how ) Tj ET Q q 0 0 0 rg BT 170.35 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.99 593.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 209.39 593.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 263.35 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.00 593.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 320.74 593.10 Td (for ) Tj ET Q q 0 0 0 rg BT 335.27 593.10 Td (income ) Tj ET Q q 0 0 0 rg BT 367.57 593.10 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 393.28 593.10 Td (The ) Tj ET Q q 0 0 0 rg BT 411.69 593.10 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 468.43 593.10 Td (is ) Tj ET Q q 0 0 0 rg BT 477.97 593.10 Td (ef) Tj ET Q q 0 0 0 rg BT 485.56 593.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 515.63 593.10 Td (on ) Tj ET Q q 0 0 0 rg BT 528.49 593.10 Td (or ) Tj ET Q q 0 0 0 rg BT 539.69 593.10 Td (after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 581.10 Td (January ) Tj ET Q q 0 0 0 rg BT 87.60 581.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 97.60 581.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 122.42 581.10 Td (The ) Tj ET Q q 0 0 0 rg BT 140.46 581.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 168.52 581.10 Td (is ) Tj ET Q q 0 0 0 rg BT 177.69 581.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 216.28 581.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 260.43 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.15 581.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 304.86 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.69 581.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 353.18 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.01 581.10 Td (this ) Tj ET Q q 0 0 0 rg BT 380.96 581.10 Td (interpretation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 557.10 Td (In ) Tj ET Q q 0 0 0 rg BT 100.71 557.10 Td (October ) Tj ET Q q 0 0 0 rg BT 135.29 557.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 157.67 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.26 557.10 Td (IASB ) Tj ET Q q 0 0 0 rg BT 197.42 557.10 Td (issued ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 224.80 557.10 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 278.27 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.43 557.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 311.35 557.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 318.73 557.10 Td (- ) Tj ET Q q 0 0 0 rg BT 324.44 557.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 365.70 557.10 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.92 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.29 557.10 Td (that ) Tj ET Q q 0 0 0 rg BT 432.67 557.10 Td (allow) Tj ET Q q 0 0 0 rg BT 454.23 557.10 Td (, ) Tj ET Q q 0 0 0 rg BT 459.11 557.10 Td (under ) Tj ET Q q 0 0 0 rg BT 484.26 557.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 513.84 557.10 Td (conditions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 67.93 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 74.63 545.10 Td (prepayable ) Tj ET Q q 0 0 0 rg BT 120.77 545.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 158.01 545.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 179.72 545.10 Td (with ) Tj ET Q q 0 0 0 rg BT 199.77 545.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 235.91 545.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 293.72 545.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 334.31 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.36 545.10 Td (be ) Tj ET Q q 0 0 0 rg BT 356.06 545.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 396.65 545.10 Td (at ) Tj ET Q q 0 0 0 rg BT 406.13 545.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 448.38 545.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 466.76 545.10 Td (or ) Tj ET Q q 0 0 0 rg BT 477.35 545.10 Td (at ) Tj ET Q q 0 0 0 rg BT 486.84 545.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 502.98 545.10 Td (value ) Tj ET Q q 0 0 0 rg BT 526.91 545.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 533.10 Td (other ) Tj ET Q q 0 0 0 rg BT 76.81 533.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 139.61 533.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 173.65 533.10 Td (The ) Tj ET Q q 0 0 0 rg BT 191.46 533.10 Td (final ) Tj ET Q q 0 0 0 rg BT 212.05 533.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 264.86 533.10 Td (also ) Tj ET Q q 0 0 0 rg BT 283.23 533.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 314.93 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 321.63 533.10 Td (clarification ) Tj ET Q q 0 0 0 rg BT 372.21 533.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 405.01 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.06 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.54 533.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 475.68 533.10 Td (for ) Tj ET Q q 0 0 0 rg BT 489.60 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 496.31 533.10 Td (modification ) Tj ET Q q 0 0 0 rg BT 549.67 533.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 521.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 94.60 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.77 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 113.05 521.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.87 521.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 184.82 521.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 225.98 521.10 Td (at ) Tj ET Q q 0 0 0 rg BT 236.04 521.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 278.86 521.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 297.81 521.10 Td (that ) Tj ET Q q 0 0 0 rg BT 315.65 521.10 Td (does ) Tj ET Q q 0 0 0 rg BT 336.82 521.10 Td (not ) Tj ET Q q 0 0 0 rg BT 352.44 521.10 Td (result ) Tj ET Q q 0 0 0 rg BT 377.50 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.12 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.17 521.10 Td (derecognition ) Tj ET Q q 0 0 0 rg BT 461.00 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.17 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.23 521.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.05 521.10 Td (liability) Tj ET Q q 0 0 0 rg BT 555.51 521.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 509.10 Td (The ) Tj ET Q q 0 0 0 rg BT 72.30 509.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 125.60 509.10 Td (are ) Tj ET Q q 0 0 0 rg BT 140.57 509.10 Td (ef) Tj ET Q q 0 0 0 rg BT 148.16 509.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 178.12 509.10 Td (on ) Tj ET Q q 0 0 0 rg BT 190.88 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 201.96 509.10 Td (after ) Tj ET Q q 0 0 0 rg BT 223.04 509.10 Td (January ) Tj ET Q q 0 0 0 rg BT 256.89 509.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 267.15 509.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 292.21 509.10 Td (The ) Tj ET Q q 0 0 0 rg BT 310.51 509.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 338.82 509.10 Td (does ) Tj ET Q q 0 0 0 rg BT 359.91 509.10 Td (not ) Tj ET Q q 0 0 0 rg BT 375.45 509.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 404.30 509.10 Td (any ) Tj ET Q q 0 0 0 rg BT 421.49 509.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 451.46 509.10 Td (from ) Tj ET Q q 0 0 0 rg BT 473.66 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.64 509.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 526.39 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 537.48 509.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 497.10 Td (amendments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 473.10 Td (In ) Tj ET Q q 0 0 0 rg BT 101.49 473.10 Td (October ) Tj ET Q q 0 0 0 rg BT 136.85 473.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 160.00 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.38 473.10 Td (IASB ) Tj ET Q q 0 0 0 rg BT 201.32 473.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 229.47 473.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 283.17 473.10 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 294.10 473.10 Td (IAS ) Tj ET Q q 0 0 0 rg BT 311.70 473.10 Td (28 ) Tj ET Q q 0 0 0 rg BT 324.85 473.10 Td (- ) Tj ET Q q 0 0 0 rg BT 331.34 473.10 Td (Long ) Tj ET Q q 0 0 0 rg BT 355.06 473.10 Td (T) Tj ET Q q 0 0 0 rg BT 359.70 473.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 378.41 473.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 397.48 473.10 Td (ests ) Tj ET Q q 0 0 0 rg BT 415.63 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.34 473.10 Td (Associates ) Tj ET Q q 0 0 0 rg BT 471.71 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.86 473.10 Td (Joint ) Tj ET Q q 0 0 0 rg BT 513.02 473.10 Td (V) Tj ET Q q 0 0 0 rg BT 518.02 473.10 Td (entur) Tj ET Q q 0 0 0 rg BT 538.75 473.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.08 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 550.24 473.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 461.10 Td (clarify ) Tj ET Q q 0 0 0 rg BT 82.78 461.10 Td (that ) Tj ET Q q 0 0 0 rg BT 100.46 461.10 Td (an ) Tj ET Q q 0 0 0 rg BT 112.59 461.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 138.05 461.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 169.07 461.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 192.88 461.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 200.56 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.03 461.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 253.15 461.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 289.17 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 299.63 461.10 Td (an ) Tj ET Q q 0 0 0 rg BT 311.76 461.10 Td (associate ) Tj ET Q q 0 0 0 rg BT 350.54 461.10 Td (or ) Tj ET Q q 0 0 0 rg BT 361.56 461.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 382.58 461.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 415.25 461.10 Td (that ) Tj ET Q q 0 0 0 rg BT 432.94 461.10 Td (form ) Tj ET Q q 0 0 0 rg BT 455.06 461.10 Td (part ) Tj ET Q q 0 0 0 rg BT 473.30 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.32 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.22 461.10 Td (net ) Tj ET Q q 0 0 0 rg BT 514.13 461.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 64.35 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.13 449.10 Td (associate ) Tj ET Q q 0 0 0 rg BT 117.79 449.10 Td (or ) Tj ET Q q 0 0 0 rg BT 128.69 449.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 149.59 449.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 182.14 449.10 Td (but ) Tj ET Q q 0 0 0 rg BT 197.49 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.83 449.10 Td (which ) Tj ET Q q 0 0 0 rg BT 234.84 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.63 449.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 277.19 449.10 Td (method ) Tj ET Q q 0 0 0 rg BT 309.75 449.10 Td (is ) Tj ET Q q 0 0 0 rg BT 318.99 449.10 Td (not ) Tj ET Q q 0 0 0 rg BT 334.33 449.10 Td (applied. ) Tj ET Q q 0 0 0 rg BT 368.65 449.10 Td (The ) Tj ET Q q 0 0 0 rg BT 386.76 449.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 435.98 449.10 Td (is ) Tj ET Q q 0 0 0 rg BT 445.22 449.10 Td (ef) Tj ET Q q 0 0 0 rg BT 452.81 449.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 482.58 449.10 Td (on ) Tj ET Q q 0 0 0 rg BT 495.14 449.10 Td (or ) Tj ET Q q 0 0 0 rg BT 506.04 449.10 Td (after ) Tj ET Q q 0 0 0 rg BT 526.92 449.10 Td (January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 437.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 64.00 437.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 88.82 437.10 Td (The ) Tj ET Q q 0 0 0 rg BT 106.87 437.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 134.92 437.10 Td (does ) Tj ET Q q 0 0 0 rg BT 155.75 437.10 Td (not ) Tj ET Q q 0 0 0 rg BT 171.03 437.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 199.62 437.10 Td (a ) Tj ET Q q 0 0 0 rg BT 206.56 437.10 Td (material ) Tj ET Q q 0 0 0 rg BT 241.82 437.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 271.53 437.10 Td (from ) Tj ET Q q 0 0 0 rg BT 293.47 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.18 437.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 345.68 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.51 437.10 Td (these ) Tj ET Q q 0 0 0 rg BT 379.56 437.10 Td (amendments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 413.10 Td (In ) Tj ET Q q 0 0 0 rg BT 100.79 413.10 Td (December ) Tj ET Q q 0 0 0 rg BT 144.34 413.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 166.80 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.48 413.10 Td (IASB ) Tj ET Q q 0 0 0 rg BT 206.73 413.10 Td (issued ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 234.19 413.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 265.54 413.10 Td (Impr) Tj ET Q q 0 0 0 rg BT 284.61 413.10 Td (ovements ) Tj ET Q q 0 0 0 rg BT 324.28 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.52 413.10 Td (IFRSs ) Tj ET Q q 0 0 0 rg BT 361.42 413.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 383.88 413.10 Td (- ) Tj ET Q q 0 0 0 rg BT 389.68 413.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 412.14 413.10 Td (Cycle) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.90 413.10 Td (, ) Tj ET Q q 0 0 0 rg BT 439.86 413.10 Td (which ) Tj ET Q q 0 0 0 rg BT 466.77 413.10 Td (has ) Tj ET Q q 0 0 0 rg BT 482.56 413.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 535.56 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 545.80 413.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 401.10 Td (following ) Tj ET Q q 0 0 0 rg BT 95.20 401.10 Td (four ) Tj ET Q q 0 0 0 rg BT 114.16 401.10 Td (Standards: ) Tj ET Q q 0 0 0 rg BT 158.69 401.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 182.12 401.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 189.43 401.10 Td (- ) Tj ET Q q 0 0 0 rg BT 195.07 401.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 232.94 401.10 Td (Combinations, ) Tj ET Q q 0 0 0 rg BT 293.86 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.95 401.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 336.80 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 346.88 401.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 386.97 401.10 Td (control ) Tj ET Q q 0 0 0 rg BT 417.60 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.24 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 434.99 401.10 Td (business ) Tj ET Q q 0 0 0 rg BT 471.19 401.10 Td (which ) Tj ET Q q 0 0 0 rg BT 497.93 401.10 Td (was ) Tj ET Q q 0 0 0 rg BT 515.79 401.10 Td (previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 389.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 96.65 389.10 Td (for ) Tj ET Q q 0 0 0 rg BT 110.42 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 120.87 389.10 Td (an ) Tj ET Q q 0 0 0 rg BT 132.42 389.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 163.97 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 173.86 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 180.41 389.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 200.86 389.10 Td (operation, ) Tj ET Q q 0 0 0 rg BT 243.24 389.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 266.48 389.10 Td (1) Tj ET Q q 0 0 0 rg BT 271.10 389.10 Td (1- ) Tj ET Q q 0 0 0 rg BT 281.55 389.10 Td (Joint ) Tj ET Q q 0 0 0 rg BT 302.64 389.10 Td (Arrangements, ) Tj ET Q q 0 0 0 rg BT 363.90 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.80 389.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 406.45 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.35 389.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 456.23 389.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 476.68 389.10 Td (control ) Tj ET Q q 0 0 0 rg BT 507.12 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.57 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 524.12 389.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 377.10 Td (which ) Tj ET Q q 0 0 0 rg BT 80.79 377.10 Td (was ) Tj ET Q q 0 0 0 rg BT 98.70 377.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 143.27 377.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 186.16 377.10 Td (for ) Tj ET Q q 0 0 0 rg BT 200.18 377.10 Td (as ) Tj ET Q q 0 0 0 rg BT 210.87 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 217.66 377.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 238.35 377.10 Td (operation, ) Tj ET Q q 0 0 0 rg BT 280.97 377.10 Td (IAS ) Tj ET Q q 0 0 0 rg BT 299.44 377.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 311.80 377.10 Td (- ) Tj ET Q q 0 0 0 rg BT 317.48 377.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 349.65 377.10 Td (T) Tj ET Q q 0 0 0 rg BT 355.06 377.10 Td (axes, ) Tj ET Q q 0 0 0 rg BT 377.69 377.10 Td (clarifying ) Tj ET Q q 0 0 0 rg BT 418.92 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.49 377.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 473.60 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.29 377.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 507.19 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.33 377.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 550.22 377.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 365.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 91.91 365.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 133.15 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.50 365.10 Td (IAS ) Tj ET Q q 0 0 0 rg BT 169.53 365.10 Td (23 ) Tj ET Q q 0 0 0 rg BT 182.44 365.10 Td (- ) Tj ET Q q 0 0 0 rg BT 188.69 365.10 Td (Borrowing ) Tj ET Q q 0 0 0 rg BT 234.93 365.10 Td (Costs, ) Tj ET Q q 0 0 0 rg BT 262.58 365.10 Td (clarifying ) Tj ET Q q 0 0 0 rg BT 304.36 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.49 365.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 360.17 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.41 365.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 419.88 365.10 Td (which ) Tj ET Q q 0 0 0 rg BT 447.23 365.10 Td (were ) Tj ET Q q 0 0 0 rg BT 469.57 365.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 514.70 365.10 Td (capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 353.10 Td (when ) Tj ET Q q 0 0 0 rg BT 77.74 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.03 353.10 Td (related ) Tj ET Q q 0 0 0 rg BT 121.30 353.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 142.82 353.10 Td (is ) Tj ET Q q 0 0 0 rg BT 151.56 353.10 Td (ready ) Tj ET Q q 0 0 0 rg BT 175.85 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 189.58 353.10 Td (its ) Tj ET Q q 0 0 0 rg BT 201.10 353.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 237.61 353.10 Td (use ) Tj ET Q q 0 0 0 rg BT 253.02 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 263.42 353.10 Td (sale. ) Tj ET Q q 0 0 0 rg BT 283.40 353.10 Td (The ) Tj ET Q q 0 0 0 rg BT 301.02 353.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 353.64 353.10 Td (are ) Tj ET Q q 0 0 0 rg BT 367.92 353.10 Td (ef) Tj ET Q q 0 0 0 rg BT 375.51 353.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 404.78 353.10 Td (on ) Tj ET Q q 0 0 0 rg BT 416.86 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 427.26 353.10 Td (after ) Tj ET Q q 0 0 0 rg BT 447.65 353.10 Td (January ) Tj ET Q q 0 0 0 rg BT 480.83 353.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 490.40 353.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 514.83 353.10 Td (The ) Tj ET Q q 0 0 0 rg BT 532.45 353.10 Td (Group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 341.10 Td (is ) Tj ET Q q 0 0 0 rg BT 63.17 341.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 101.76 341.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 145.91 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.63 341.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 190.34 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.17 341.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 238.67 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.50 341.10 Td (these ) Tj ET Q q 0 0 0 rg BT 272.54 341.10 Td (amendments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 317.10 Td (In ) Tj ET Q q 0 0 0 rg BT 101.23 317.10 Td (February ) Tj ET Q q 0 0 0 rg BT 140.24 317.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 163.14 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.26 317.10 Td (IASB ) Tj ET Q q 0 0 0 rg BT 203.95 317.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 231.85 317.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 285.30 317.10 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 295.98 317.10 Td (IAS ) Tj ET Q q 0 0 0 rg BT 313.33 317.10 Td (19 ) Tj ET Q q 0 0 0 rg BT 326.23 317.10 Td (- ) Tj ET Q q 0 0 0 rg BT 332.46 317.10 Td (Employee ) Tj ET Q q 0 0 0 rg BT 374.79 317.10 Td (Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.00 317.10 Td (. ) Tj ET Q q 0 0 0 rg BT 412.20 317.10 Td (When ) Tj ET Q q 0 0 0 rg BT 438.98 317.10 Td (there ) Tj ET Q q 0 0 0 rg BT 461.87 317.10 Td (is ) Tj ET Q q 0 0 0 rg BT 471.44 317.10 Td (a ) Tj ET Q q 0 0 0 rg BT 478.79 317.10 Td (change ) Tj ET Q q 0 0 0 rg BT 510.01 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.69 317.10 Td (a ) Tj ET Q q 0 0 0 rg BT 528.03 317.10 Td (defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 305.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 84.58 305.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 104.61 305.10 Td (\(an ) Tj ET Q q 0 0 0 rg BT 120.19 305.10 Td (amendment, ) Tj ET Q q 0 0 0 rg BT 172.15 305.10 Td (curtailment ) Tj ET Q q 0 0 0 rg BT 220.50 305.10 Td (or ) Tj ET Q q 0 0 0 rg BT 231.64 305.10 Td (settlement\) ) Tj ET Q q 0 0 0 rg BT 278.88 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.91 305.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 347.27 305.10 Td (require ) Tj ET Q q 0 0 0 rg BT 378.39 305.10 Td (that ) Tj ET Q q 0 0 0 rg BT 396.20 305.10 Td (a ) Tj ET Q q 0 0 0 rg BT 403.45 305.10 Td (company ) Tj ET Q q 0 0 0 rg BT 442.92 305.10 Td (use ) Tj ET Q q 0 0 0 rg BT 459.06 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.09 305.10 Td (updated ) Tj ET Q q 0 0 0 rg BT 508.56 305.10 Td (assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 293.10 Td (from ) Tj ET Q q 0 0 0 rg BT 76.90 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.57 293.10 Td (remeasurement ) Tj ET Q q 0 0 0 rg BT 157.11 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.90 293.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.80 293.10 Td (net ) Tj ET Q q 0 0 0 rg BT 192.48 293.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 225.92 293.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 257.14 293.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 291.71 293.10 Td (or ) Tj ET Q q 0 0 0 rg BT 303.50 293.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 326.40 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.64 293.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 381.08 293.10 Td (current ) Tj ET Q q 0 0 0 rg BT 412.85 293.10 Td (service ) Tj ET Q q 0 0 0 rg BT 444.63 293.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 464.20 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.09 293.10 Td (net ) Tj ET Q q 0 0 0 rg BT 497.77 293.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 530.66 293.10 Td (for ) Tj ET Q q 0 0 0 rg BT 545.78 293.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 281.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 96.81 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.41 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.91 281.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 160.84 281.10 Td (period ) Tj ET Q q 0 0 0 rg BT 188.66 281.10 Td (after ) Tj ET Q q 0 0 0 rg BT 209.25 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.74 281.10 Td (change ) Tj ET Q q 0 0 0 rg BT 254.33 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.39 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.88 281.10 Td (plan. ) Tj ET Q q 0 0 0 rg BT 300.71 281.10 Td (These ) Tj ET Q q 0 0 0 rg BT 326.86 281.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 379.68 281.10 Td (are ) Tj ET Q q 0 0 0 rg BT 394.16 281.10 Td (ef) Tj ET Q q 0 0 0 rg BT 401.75 281.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 431.22 281.10 Td (on ) Tj ET Q q 0 0 0 rg BT 443.50 281.10 Td (or ) Tj ET Q q 0 0 0 rg BT 454.10 281.10 Td (after ) Tj ET Q q 0 0 0 rg BT 474.69 281.10 Td (January ) Tj ET Q q 0 0 0 rg BT 508.07 281.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 517.84 281.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 542.46 281.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 269.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 82.05 269.10 Td (does ) Tj ET Q q 0 0 0 rg BT 102.88 269.10 Td (not ) Tj ET Q q 0 0 0 rg BT 118.16 269.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 146.75 269.10 Td (a ) Tj ET Q q 0 0 0 rg BT 153.69 269.10 Td (material ) Tj ET Q q 0 0 0 rg BT 188.95 269.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 218.66 269.10 Td (from ) Tj ET Q q 0 0 0 rg BT 240.60 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.32 269.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 292.81 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.64 269.10 Td (these ) Tj ET Q q 0 0 0 rg BT 326.69 269.10 Td (amendments.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 245.10 Td (Review of the Conceptual Framework for Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 223.10 Td (In ) Tj ET Q q 0 0 0 rg BT 101.20 223.10 Td (March ) Tj ET Q q 0 0 0 rg BT 130.16 223.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 153.03 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.12 223.10 Td (IASB ) Tj ET Q q 0 0 0 rg BT 193.77 223.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 225.51 223.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 240.60 223.10 Td (Conceptual ) Tj ET Q q 0 0 0 rg BT 289.57 223.10 Td (Framework ) Tj ET Q q 0 0 0 rg BT 339.10 223.10 Td (for ) Tj ET Q q 0 0 0 rg BT 353.63 223.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 395.38 223.10 Td (Reporting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.75 223.10 Td (ef) Tj ET Q q 0 0 0 rg BT 448.33 223.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 478.40 223.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 531.26 223.10 Td (for ) Tj ET Q q 0 0 0 rg BT 545.78 223.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 211.10 Td (IASB ) Tj ET Q q 0 0 0 rg BT 79.50 211.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.66 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.60 211.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 135.45 211.10 Td (Interpretations ) Tj ET Q q 0 0 0 rg BT 196.48 211.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 243.64 211.10 Td (when ) Tj ET Q q 0 0 0 rg BT 268.02 211.10 Td (setting ) Tj ET Q q 0 0 0 rg BT 297.41 211.10 Td (future ) Tj ET Q q 0 0 0 rg BT 324.00 211.10 Td (standards, ) Tj ET Q q 0 0 0 rg BT 366.99 211.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.15 211.10 Td (ef) Tj ET Q q 0 0 0 rg BT 391.74 211.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 421.66 211.10 Td (for ) Tj ET Q q 0 0 0 rg BT 436.05 211.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 465.42 211.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 504.80 211.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 536.96 211.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.68 211.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 199.10 Td (after ) Tj ET Q q 0 0 0 rg BT 74.35 199.10 Td (January ) Tj ET Q q 0 0 0 rg BT 107.48 199.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 117.02 199.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 139.05 199.10 Td (for ) Tj ET Q q 0 0 0 rg BT 152.75 199.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 197.55 199.10 Td (that ) Tj ET Q q 0 0 0 rg BT 214.58 199.10 Td (use ) Tj ET Q q 0 0 0 rg BT 229.94 199.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 244.20 199.10 Td (Conceptual ) Tj ET Q q 0 0 0 rg BT 292.33 199.10 Td (Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 199.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.03 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.84 199.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 384.53 199.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 430.44 199.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 463.58 199.10 Td (when ) Tj ET Q q 0 0 0 rg BT 487.28 199.10 Td (no ) Tj ET Q q 0 0 0 rg BT 499.31 199.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 522.47 199.10 Td (Standard ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 187.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 86.02 187.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.50 187.10 Td (a ) Tj ET Q q 0 0 0 rg BT 105.64 187.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 147.65 187.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 197.72 187.10 Td (with ) Tj ET Q q 0 0 0 rg BT 219.20 187.10 Td (early ) Tj ET Q q 0 0 0 rg BT 242.88 187.10 Td (application ) Tj ET Q q 0 0 0 rg BT 291.01 187.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 335.53 187.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 355.88 187.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 391.79 187.10 Td (include ) Tj ET Q q 0 0 0 rg BT 424.92 187.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 438.06 187.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 482.85 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.77 187.10 Td (prominence ) Tj ET Q q 0 0 0 rg BT 549.67 187.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 175.10 Td (stewardship ) Tj ET Q q 0 0 0 rg BT 103.81 175.10 Td (in ) Tj ET Q q 0 0 0 rg BT 113.63 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.89 175.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 166.59 175.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.96 175.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 213.99 175.10 Td (reporting; ) Tj ET Q q 0 0 0 rg BT 255.46 175.10 Td (\(ii\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 267.68 175.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.72 175.10 Td (reinstating ) Tj ET Q q 0 0 0 rg BT 313.98 175.10 Td (prudence ) Tj ET Q q 0 0 0 rg BT 352.67 175.10 Td (as ) Tj ET Q q 0 0 0 rg BT 363.04 175.10 Td (a ) Tj ET Q q 0 0 0 rg BT 369.52 175.10 Td (component ) Tj ET Q q 0 0 0 rg BT 416.00 175.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.37 175.10 Td (neutrality) Tj ET Q q 0 0 0 rg BT 464.04 175.10 Td (, ) Tj ET Q q 0 0 0 rg BT 468.59 175.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 500.62 175.10 Td (as ) Tj ET Q q 0 0 0 rg BT 510.99 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.25 175.10 Td (exercise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 163.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.17 163.10 Td (caution ) Tj ET Q q 0 0 0 rg BT 95.45 163.10 Td (when ) Tj ET Q q 0 0 0 rg BT 118.96 163.10 Td (making ) Tj ET Q q 0 0 0 rg BT 150.80 163.10 Td (judgements ) Tj ET Q q 0 0 0 rg BT 198.75 163.10 Td (under ) Tj ET Q q 0 0 0 rg BT 223.36 163.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 266.87 163.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.04 163.10 Td (uncertainty; ) Tj ET Q q 0 0 0 rg BT 326.65 163.10 Td (\(iii\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 341.64 163.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.49 163.10 Td (defining ) Tj ET Q q 0 0 0 rg BT 378.66 163.10 Td (a ) Tj ET Q q 0 0 0 rg BT 384.94 163.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 423.44 163.10 Td (entity; ) Tj ET Q q 0 0 0 rg BT 450.84 163.10 Td (\(iv\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.28 163.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.12 163.10 Td (revising ) Tj ET Q q 0 0 0 rg BT 501.18 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.24 163.10 Td (definitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 151.10 Td (of ) Tj ET Q q 0 0 0 rg BT 65.17 151.10 Td (an ) Tj ET Q q 0 0 0 rg BT 77.45 151.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 99.72 151.10 Td (and ) Tj ET Q q 0 0 0 rg BT 117.00 151.10 Td (a ) Tj ET Q q 0 0 0 rg BT 124.28 151.10 Td (liability; ) Tj ET Q q 0 0 0 rg BT 161.00 151.10 Td (\(v\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 172.66 151.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.50 151.10 Td (removing ) Tj ET Q q 0 0 0 rg BT 216.66 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.72 151.10 Td (probability ) Tj ET Q q 0 0 0 rg BT 278.44 151.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 318.49 151.10 Td (for ) Tj ET Q q 0 0 0 rg BT 332.99 151.10 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 383.87 151.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.15 151.10 Td (adding ) Tj ET Q q 0 0 0 rg BT 431.20 151.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 470.14 151.10 Td (on ) Tj ET Q q 0 0 0 rg BT 482.98 151.10 Td (derecognition; ) Tj ET Q q 0 0 0 rg BT 543.57 151.10 Td (\(vi\)) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 139.10 Td (adding ) Tj ET Q q 0 0 0 rg BT 83.17 139.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 121.22 139.10 Td (on ) Tj ET Q q 0 0 0 rg BT 133.18 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.35 139.10 Td (information ) Tj ET Q q 0 0 0 rg BT 196.52 139.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 234.02 139.10 Td (by ) Tj ET Q q 0 0 0 rg BT 245.98 139.10 Td (dif) Tj ET Q q 0 0 0 rg BT 256.90 139.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 282.17 139.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 337.44 139.10 Td (bases, ) Tj ET Q q 0 0 0 rg BT 363.56 139.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.95 139.10 Td (explaining ) Tj ET Q q 0 0 0 rg BT 424.12 139.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 453.28 139.10 Td (to ) Tj ET Q q 0 0 0 rg BT 463.01 139.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 498.85 139.10 Td (when ) Tj ET Q q 0 0 0 rg BT 522.46 139.10 Td (selecting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 127.10 Td (a ) Tj ET Q q 0 0 0 rg BT 60.67 127.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 116.22 127.10 Td (basis; ) Tj ET Q q 0 0 0 rg BT 141.23 127.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.91 127.10 Td (\(vii\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 175.12 127.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.36 127.10 Td (stating ) Tj ET Q q 0 0 0 rg BT 206.26 127.10 Td (that ) Tj ET Q q 0 0 0 rg BT 223.49 127.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 247.94 127.10 Td (or ) Tj ET Q q 0 0 0 rg BT 258.51 127.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 276.30 127.10 Td (is ) Tj ET Q q 0 0 0 rg BT 285.21 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.66 127.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 333.55 127.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 386.31 127.10 Td (indicator ) Tj ET Q q 0 0 0 rg BT 424.09 127.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.76 127.10 Td (income ) Tj ET Q q 0 0 0 rg BT 472.43 127.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.10 127.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 527.44 127.10 Td (in ) Tj ET Q q 0 0 0 rg BT 537.45 127.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 115.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 117.19 115.10 Td (income ) Tj ET Q q 0 0 0 rg BT 149.28 115.10 Td (should ) Tj ET Q q 0 0 0 rg BT 178.61 115.10 Td (be ) Tj ET Q q 0 0 0 rg BT 190.71 115.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 227.23 115.10 Td (where ) Tj ET Q q 0 0 0 rg BT 254.32 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.19 115.10 Td (relevance ) Tj ET Q q 0 0 0 rg BT 310.15 115.10 Td (or ) Tj ET Q q 0 0 0 rg BT 321.14 115.10 Td (faithful ) Tj ET Q q 0 0 0 rg BT 353.23 115.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 412.53 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.52 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.40 115.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 476.04 115.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 520.91 115.10 Td (would ) Tj ET Q q 0 0 0 rg BT 548.57 115.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 103.10 Td (enhanced. ) Tj ET Q q 0 0 0 rg BT 96.57 103.10 Td (The ) Tj ET Q q 0 0 0 rg BT 114.62 103.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 142.67 103.10 Td (does ) Tj ET Q q 0 0 0 rg BT 163.50 103.10 Td (not ) Tj ET Q q 0 0 0 rg BT 178.78 103.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 207.37 103.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.31 103.10 Td (material ) Tj ET Q q 0 0 0 rg BT 249.57 103.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 279.28 103.10 Td (from ) Tj ET Q q 0 0 0 rg BT 301.22 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.94 103.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 353.43 103.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.26 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.98 103.10 Td (revised ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 410.36 103.10 Td (Conceptual ) Tj ET Q q 0 0 0 rg BT 458.96 103.10 Td (Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.62 103.10 Td (.) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 691.10 Td (Scope ) Tj ET Q q 0 0 0 rg BT 81.50 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.33 691.10 Td (consolidation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 667.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 667.10 Td (There ) Tj ET Q q 0 0 0 rg BT 115.82 667.10 Td (were ) Tj ET Q q 0 0 0 rg BT 137.74 667.10 Td (no ) Tj ET Q q 0 0 0 rg BT 150.24 667.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 184.95 667.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.23 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.95 667.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 235.21 667.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.04 667.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 302.43 667.10 Td (during ) Tj ET Q q 0 0 0 rg BT 331.04 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.75 667.10 Td (three ) Tj ET Q q 0 0 0 rg BT 368.24 667.10 Td (months ) Tj ET Q q 0 0 0 rg BT 400.19 667.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 426.56 667.10 Td (March ) Tj ET Q q 0 0 0 rg BT 455.16 667.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 470.16 667.10 Td (2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 643.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 643.10 Td (On ) Tj ET Q q 0 0 0 rg BT 104.72 643.10 Td (July ) Tj ET Q q 0 0 0 rg BT 123.89 643.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 138.89 643.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 161.39 643.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.11 643.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 221.94 643.10 Td (process ) Tj ET Q q 0 0 0 rg BT 254.43 643.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.26 643.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 294.97 643.10 Td (North ) Tj ET Q q 0 0 0 rg BT 320.80 643.10 Td (Europe ) Tj ET Q q 0 0 0 rg BT 352.17 643.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 386.33 643.10 Td (was ) Tj ET Q q 0 0 0 rg BT 404.38 643.10 Td (completed.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 609.10 Td (4. FINANCIAL) Tj ET Q q 0 0 0 rg BT 125.12 609.10 Td ( RISK F) Tj ET Q q 0 0 0 rg BT 159.94 609.10 Td (ACT) Tj ET Q q 0 0 0 rg BT 180.87 609.10 Td (ORS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 597.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 585.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 585.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.74 585.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 135.48 585.10 Td (is ) Tj ET Q q 0 0 0 rg BT 144.35 585.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 179.31 585.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.28 585.10 Td (various ) Tj ET Q q 0 0 0 rg BT 220.91 585.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 268.08 585.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 305.25 585.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 328.84 585.10 Td (including ) Tj ET Q q 0 0 0 rg BT 368.80 585.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 405.98 585.10 Td (market ) Tj ET Q q 0 0 0 rg BT 435.93 585.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 453.13 585.10 Td (\(relating ) Tj ET Q q 0 0 0 rg BT 489.19 585.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 519.16 585.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.13 585.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 573.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 92.04 573.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 132.87 573.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 154.81 573.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.32 573.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 204.82 573.10 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 230.10 573.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.61 573.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 284.57 573.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 302.64 573.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.14 573.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 345.98 573.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 366.32 573.10 Td (The ) Tj ET Q q 0 0 0 rg BT 384.94 573.10 Td (Interim ) Tj ET Q q 0 0 0 rg BT 417.44 573.10 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 464.95 573.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 520.79 573.10 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 561.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 100.29 561.10 Td (do ) Tj ET Q q 0 0 0 rg BT 112.71 561.10 Td (not ) Tj ET Q q 0 0 0 rg BT 127.90 561.10 Td (include ) Tj ET Q q 0 0 0 rg BT 159.74 561.10 Td (all ) Tj ET Q q 0 0 0 rg BT 172.15 561.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.78 561.10 Td (information ) Tj ET Q q 0 0 0 rg BT 236.40 561.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.25 561.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 276.77 561.10 Td (on ) Tj ET Q q 0 0 0 rg BT 289.19 561.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 326.58 561.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 343.99 561.10 Td (management ) Tj ET Q q 0 0 0 rg BT 397.49 561.10 Td (required ) Tj ET Q q 0 0 0 rg BT 433.22 561.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.41 561.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.04 561.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 505.98 561.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.72 561.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.35 561.10 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 549.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 106.50 549.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 143.44 549.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 190.11 549.10 Td (For ) Tj ET Q q 0 0 0 rg BT 205.96 549.10 Td (a ) Tj ET Q q 0 0 0 rg BT 212.36 549.10 Td (detailed ) Tj ET Q q 0 0 0 rg BT 245.97 549.10 Td (description ) Tj ET Q q 0 0 0 rg BT 292.36 549.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.65 549.10 Td (this ) Tj ET Q q 0 0 0 rg BT 319.06 549.10 Td (information ) Tj ET Q q 0 0 0 rg BT 368.23 549.10 Td (for ) Tj ET Q q 0 0 0 rg BT 381.85 549.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.03 549.10 Td (Group, ) Tj ET Q q 0 0 0 rg BT 426.04 549.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 465.18 549.10 Td (should ) Tj ET Q q 0 0 0 rg BT 493.81 549.10 Td (be ) Tj ET Q q 0 0 0 rg BT 505.21 549.10 Td (made ) Tj ET Q q 0 0 0 rg BT 528.82 549.10 Td (to ) Tj ET Q q 0 0 0 rg BT 538.56 549.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 537.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 66.50 537.10 Td (of ) Tj ET Q q 0 0 0 rg BT 77.33 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.05 537.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 147.32 537.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 187.03 537.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 233.41 537.10 Td (at ) Tj ET Q q 0 0 0 rg BT 243.13 537.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.07 537.10 Td (for ) Tj ET Q q 0 0 0 rg BT 274.23 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.95 537.10 Td (year ) Tj ET Q q 0 0 0 rg BT 308.65 537.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 335.03 537.10 Td (December ) Tj ET Q q 0 0 0 rg BT 378.61 537.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 393.61 537.10 Td (2017.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 513.10 Td (5. OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 155.76 513.10 Td (TION ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 489.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 489.10 Td (The principal foreign currency exchange rates used to translate other currencies into Euro were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 432.60 115.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.50 432.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 432.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 432.60 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 432.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 432.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 432.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 432.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 432.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 432.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 404.60 115.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.50 404.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 404.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 404.60 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 404.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 404.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 404.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 404.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 404.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 404.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 376.60 115.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.50 376.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 376.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 376.60 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 376.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 376.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 376.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 376.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 376.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 376.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 348.60 115.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.50 348.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 348.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 348.60 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 348.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 348.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 348.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 348.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 348.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 348.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 320.60 115.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.50 320.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 320.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.50 320.60 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 320.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 320.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 320.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 320.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 320.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 320.60 76.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169.5 464.6 m 248.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 464.6 m 252.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 464.6 m 321.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 464.6 m 404.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 464.6 m 408.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 464.6 m 478.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 464.6 m 482.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 464.6 m 558.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169.5 464.6 m 248.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169.5 432.6 m 248.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 464.6 m 321.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 432.6 m 321.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 464.6 m 404.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 432.6 m 404.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 464.6 m 478.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 432.6 m 478.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 464.6 m 558.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 432.6 m 558.5 432.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 236.00 469.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 432.50 469.05 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 178.90 455.05 Td (A) Tj ET Q q 0 0 0 rg BT 184.73 455.05 Td (verage for) Tj ET Q q 0 0 0 rg BT 223.79 455.05 Td ( the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 183.20 446.05 Td (thr) Tj ET Q q 0 0 0 rg BT 195.03 446.05 Td (ee months ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 176.20 437.05 Td (ended Mar) Tj ET Q q 0 0 0 rg BT 218.28 437.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.95 437.05 Td (At Mar) Tj ET Q q 0 0 0 rg BT 289.60 437.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.90 455.05 Td (A) Tj ET Q q 0 0 0 rg BT 340.73 455.05 Td (verage for) Tj ET Q q 0 0 0 rg BT 379.79 455.05 Td ( the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 339.20 446.05 Td (thr) Tj ET Q q 0 0 0 rg BT 351.03 446.05 Td (ee months ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.20 437.05 Td (ended Mar) Tj ET Q q 0 0 0 rg BT 374.28 437.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.45 437.05 Td (At Mar) Tj ET Q q 0 0 0 rg BT 446.10 437.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.95 437.05 Td (At December) Tj ET Q q 0 0 0 rg BT 538.51 437.05 Td ( 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 423.06 Td (U.S. Dollar) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 220.25 423.06 Td (1.2292) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.25 423.06 Td (1.2321) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.25 423.06 Td (1.0648) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.25 423.06 Td (1.0691) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 423.06 Td (1.1993) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 409.06 Td (Pound Sterling) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 220.25 409.06 Td (0.8834) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.25 409.06 Td (0.8749) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.25 409.06 Td (0.8601) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.25 409.06 Td (0.8555) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 409.06 Td (0.8872) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 395.06 Td (Swiss Franc) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 220.25 395.06 Td (1.1653) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.25 395.06 Td (1.1779) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.25 395.06 Td (1.0694) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.25 395.06 Td (1.0696) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 395.06 Td (1.1702) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 381.06 Td (Japanese ) Tj ET Q q 0 0 0 rg BT 91.07 381.06 Td (Y) Tj ET Q q 0 0 0 rg BT 96.95 381.06 Td (en) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.25 381.06 Td (133.1662) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 284.25 381.06 Td (131.1500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.25 381.06 Td (121.0138) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.25 381.06 Td (1) Tj ET Q q 0 0 0 rg BT 445.75 381.06 Td (19.5500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.25 381.06 Td (135.0100) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 367.06 Td (Chinese ) Tj ET Q q 0 0 0 rg BT 88.08 367.06 Td (Y) Tj ET Q q 0 0 0 rg BT 93.91 367.06 Td (uan) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 220.25 367.06 Td (7.8154) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.25 367.06 Td (7.7468) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.25 367.06 Td (7.3353) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.25 367.06 Td (7.3642) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 367.06 Td (7.8044) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 353.06 Td (Australian Dollar) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 220.25 353.06 Td (1.5632) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.25 353.06 Td (1.6036) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.25 353.06 Td (1.4056) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.25 353.06 Td (1.3982) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 353.06 Td (1.5346) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 339.06 Td (Canadian Dollar) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 220.25 339.06 Td (1.5540) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.25 339.06 Td (1.5895) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.25 339.06 Td (1.4101) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.25 339.06 Td (1.4265) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 339.06 Td (1.5039) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 325.06 Td (Singapore Dollar) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 220.25 325.06 Td (1.6210) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.25 325.06 Td (1.6158) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.25 325.06 Td (1.5080) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.25 325.06 Td (1.4940) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 325.06 Td (1.6024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 311.06 Td (Hong Kong Dollar) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 220.25 311.06 Td (9.6216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.25 311.06 Td (9.6696) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.25 311.06 Td (8.2641) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.25 311.06 Td (8.3074) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 311.06 Td (9.3720) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 271.10 Td (6. NET) Tj ET Q q 0 0 0 rg BT 89.38 271.10 Td ( REVENUES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 247.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 247.10 Td (Net revenues are as follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 185.60 330.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 185.60 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 185.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 185.60 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 157.60 330.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 157.60 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 157.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 157.60 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 129.60 330.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 129.60 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 129.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 129.60 85.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 213.60000000000002 m 469.5 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 213.60000000000002 m 473.5 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 213.60000000000002 m 558.5 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 213.60000000000002 m 469.5 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 199.60000000000002 m 469.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 213.60000000000002 m 558.5 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 199.60000000000002 m 558.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 115.60000000000002 m 469.5 115.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 102.60000000000002 m 469.5 102.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 100.60000000000002 m 469.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 115.60000000000002 m 558.5 115.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 102.60000000000002 m 558.5 102.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 100.60000000000002 m 558.5 100.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.10 218.05 Td (For) Tj ET Q q 0 0 0 rg BT 413.01 218.05 Td ( the thr) Tj ET Q q 0 0 0 rg BT 441.34 218.05 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 524.42 218.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.50 204.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 508.50 204.05 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.35 190.06 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 176.06 Td (Revenues from:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.00 162.06 Td (Cars and spare parts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.75 162.06 Td (61) Tj ET Q q 0 0 0 rg BT 445.75 162.06 Td (1,747) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 162.06 Td (581,237) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.00 148.06 Td (Engines) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.25 148.06 Td (76,355) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 148.06 Td (103,826) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.00 134.06 Td (Sponsorship, commercial and brand) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.75 134.06 Td (125,474) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 134.06 Td (122,615) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.00 120.06 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.25 120.06 Td (17,428) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 120.06 Td (12,922) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 106.05 Td (T) Tj ET Q q 0 0 0 rg BT 62.18 106.05 Td (otal net r) Tj ET Q q 0 0 0 rg BT 97.00 106.05 Td (evenues) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.75 106.05 Td (831,004) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.75 106.05 Td (820,600) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 78.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 78.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 115.06 78.10 Td (net ) Tj ET Q q 0 0 0 rg BT 129.56 78.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 167.38 78.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 206.88 78.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 242.49 78.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 274.21 78.10 Td (income ) Tj ET Q q 0 0 0 rg BT 305.93 78.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 347.08 78.10 Td (by ) Tj ET Q q 0 0 0 rg BT 359.37 78.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 396.64 78.10 Td (services ) Tj ET Q q 0 0 0 rg BT 431.13 78.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 469.51 78.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.24 78.10 Td (net ) Tj ET Q q 0 0 0 rg BT 500.74 78.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 538.57 78.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 66.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.72 66.10 Td (management ) Tj ET Q q 0 0 0 rg BT 122.31 66.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.14 66.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.85 66.10 Td (Mugello ) Tj ET Q q 0 0 0 rg BT 184.24 66.10 Td (racetrack.) Tj ET Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 689.10 Td (7. COST) Tj ET Q q 0 0 0 rg BT 96.05 689.10 Td ( OF) Tj ET Q q 0 0 0 rg BT 112.07 689.10 Td ( SALES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 665.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 111.61 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.22 665.10 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.93 665.10 Td (for ) Tj ET Q q 0 0 0 rg BT 160.86 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.35 665.10 Td (three ) Tj ET Q q 0 0 0 rg BT 199.61 665.10 Td (months ) Tj ET Q q 0 0 0 rg BT 232.33 665.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 259.48 665.10 Td (March ) Tj ET Q q 0 0 0 rg BT 288.85 665.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.35 665.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.62 665.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.62 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 327.90 665.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.61 665.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.61 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 368.88 665.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 411.59 665.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.64 665.10 Td (390,778 ) Tj ET Q q 0 0 0 rg BT 463.41 665.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.52 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 502.79 665.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.50 665.10 Td (397,693 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 653.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.11 653.10 Td (, ) Tj ET Q q 0 0 0 rg BT 95.36 653.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 143.02 653.10 Td (, ) Tj ET Q q 0 0 0 rg BT 148.27 653.10 Td (comprising ) Tj ET Q q 0 0 0 rg BT 196.01 653.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 226.53 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.61 653.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 276.46 653.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 312.52 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 323.04 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.01 653.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 399.07 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.25 653.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 465.12 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.19 653.10 Td (cars ) Tj ET Q q 0 0 0 rg BT 495.04 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.23 653.10 Td (spare ) Tj ET Q q 0 0 0 rg BT 536.07 653.10 Td (parts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.10 Td (including ) Tj ET Q q 0 0 0 rg BT 93.62 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.68 641.10 Td (engines ) Tj ET Q q 0 0 0 rg BT 140.07 641.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 158.59 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 168.21 641.10 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 205.04 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.32 641.10 Td (supplied ) Tj ET Q q 0 0 0 rg BT 257.05 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.68 641.10 Td (other ) Tj ET Q q 0 0 0 rg BT 289.07 641.10 Td (Formula ) Tj ET Q q 0 0 0 rg BT 324.80 641.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 331.64 641.10 Td (racing ) Tj ET Q q 0 0 0 rg BT 358.47 641.10 Td (teams, ) Tj ET Q q 0 0 0 rg BT 386.14 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.32 641.10 Td (which ) Tj ET Q q 0 0 0 rg BT 422.60 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.66 641.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 458.51 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.68 641.10 Td (materials, ) Tj ET Q q 0 0 0 rg BT 509.68 641.10 Td (components ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 71.01 629.10 Td (labor ) Tj ET Q q 0 0 0 rg BT 94.12 629.10 Td (are ) Tj ET Q q 0 0 0 rg BT 108.90 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.68 629.10 Td (most ) Tj ET Q q 0 0 0 rg BT 145.70 629.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 190.48 629.10 Td (elements. ) Tj ET Q q 0 0 0 rg BT 230.90 629.10 Td (The ) Tj ET Q q 0 0 0 rg BT 249.02 629.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 292.13 629.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 314.70 629.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 360.59 629.10 Td (include ) Tj ET Q q 0 0 0 rg BT 392.59 629.10 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 447.08 629.10 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 502.68 629.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 543.57 629.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 111.50 617.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 135.96 617.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 156.26 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.55 617.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 187.95 617.10 Td (also ) Tj ET Q q 0 0 0 rg BT 206.02 617.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 241.31 617.10 Td (warranty ) Tj ET Q q 0 0 0 rg BT 278.80 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.20 617.10 Td (product-related ) Tj ET Q q 0 0 0 rg BT 358.24 617.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 382.70 617.10 Td (which ) Tj ET Q q 0 0 0 rg BT 409.10 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 423.27 617.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 463.55 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.95 617.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 516.89 617.10 Td (at ) Tj ET Q q 0 0 0 rg BT 526.06 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.24 617.10 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 605.10 Td (shipment ) Tj ET Q q 0 0 0 rg BT 104.00 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.83 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.54 605.10 Td (car) Tj ET Q q 0 0 0 rg BT 141.20 605.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 581.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 123.41 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.28 581.10 Td (other ) Tj ET Q q 0 0 0 rg BT 165.25 581.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 203.66 581.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 243.19 581.10 Td (from ) Tj ET Q q 0 0 0 rg BT 266.05 581.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 304.46 581.10 Td (services ) Tj ET Q q 0 0 0 rg BT 340.10 581.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 386.29 581.10 Td (included ) Tj ET Q q 0 0 0 rg BT 424.15 581.10 Td (within ) Tj ET Q q 0 0 0 rg BT 453.13 581.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 472.67 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.43 581.10 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.29 581.10 Td (for ) Tj ET Q q 0 0 0 rg BT 522.38 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.03 581.10 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.10 Td (months ) Tj ET Q q 0 0 0 rg BT 85.95 569.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 112.33 569.10 Td (March ) Tj ET Q q 0 0 0 rg BT 140.92 569.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.42 569.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.92 569.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.92 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 178.42 569.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.36 569.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.36 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 217.86 569.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 259.80 569.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.07 569.10 Td (7,177 ) Tj ET Q q 0 0 0 rg BT 300.07 569.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.18 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 338.68 569.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.62 569.10 Td (4,560 ) Tj ET Q q 0 0 0 rg BT 385.62 569.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.73 569.10 Td (, ) Tj ET Q q 0 0 0 rg BT 426.73 569.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 474.39 569.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 545.10 Td (8. SELLING, GENERAL) Tj ET Q q 0 0 0 rg BT 167.36 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.31 545.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 192.93 545.10 Td (ADMINISTRA) Tj ET Q q 0 0 0 rg BT 257.75 545.10 Td (TIVE COSTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 521.10 Td (General ) Tj ET Q q 0 0 0 rg BT 123.92 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.63 521.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 200.11 521.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.39 521.10 Td (for ) Tj ET Q q 0 0 0 rg BT 236.32 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.81 521.10 Td (three ) Tj ET Q q 0 0 0 rg BT 273.07 521.10 Td (months ) Tj ET Q q 0 0 0 rg BT 304.80 521.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 330.95 521.10 Td (March ) Tj ET Q q 0 0 0 rg BT 359.32 521.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.82 521.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.10 521.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.10 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 396.37 521.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.08 521.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.08 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 435.36 521.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 477.07 521.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.12 521.10 Td (37,391 ) Tj ET Q q 0 0 0 rg BT 521.89 521.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 509.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.15 509.10 Td (41,690 ) Tj ET Q q 0 0 0 rg BT 104.35 509.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.46 509.10 Td (, ) Tj ET Q q 0 0 0 rg BT 144.67 509.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 192.33 509.10 Td (, ) Tj ET Q q 0 0 0 rg BT 196.53 509.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 238.80 509.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 268.28 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.31 509.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 337.23 509.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 375.03 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.18 509.10 Td (other ) Tj ET Q q 0 0 0 rg BT 413.43 509.10 Td (general ) Tj ET Q q 0 0 0 rg BT 444.56 509.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 482.37 509.10 Td (that ) Tj ET Q q 0 0 0 rg BT 499.07 509.10 Td (are ) Tj ET Q q 0 0 0 rg BT 512.98 509.10 Td (not ) Tj ET Q q 0 0 0 rg BT 527.47 509.10 Td (directly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 497.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 102.04 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.32 497.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 136.75 497.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 197.56 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 208.39 497.10 Td (research ) Tj ET Q q 0 0 0 rg BT 244.20 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.14 497.10 Td (development ) Tj ET Q q 0 0 0 rg BT 315.29 497.10 Td (functions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 473.10 Td (Selling ) Tj ET Q q 0 0 0 rg BT 119.90 473.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.46 473.10 Td (for ) Tj ET Q q 0 0 0 rg BT 154.68 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.45 473.10 Td (three ) Tj ET Q q 0 0 0 rg BT 190.00 473.10 Td (months ) Tj ET Q q 0 0 0 rg BT 221.01 473.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 246.44 473.10 Td (March ) Tj ET Q q 0 0 0 rg BT 274.10 473.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.60 473.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.16 473.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.16 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 309.72 473.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.72 473.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.72 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.28 473.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 388.27 473.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.61 473.10 Td (28,983 ) Tj ET Q q 0 0 0 rg BT 431.67 473.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.78 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 469.34 473.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.34 473.10 Td (30,887 ) Tj ET Q q 0 0 0 rg BT 519.40 473.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.51 473.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 461.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 101.66 461.10 Td (, ) Tj ET Q q 0 0 0 rg BT 107.70 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 125.67 461.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 156.98 461.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 188.29 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.15 461.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 223.69 461.10 Td (for ) Tj ET Q q 0 0 0 rg BT 238.88 461.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 282.96 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.93 461.10 Td (events, ) Tj ET Q q 0 0 0 rg BT 332.51 461.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 355.48 461.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 397.89 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.87 461.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 439.94 461.10 Td (stores. ) Tj ET Q q 0 0 0 rg BT 469.31 461.10 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 514.50 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 532.47 461.10 Td (events ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 449.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 93.29 449.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 124.26 449.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 164.67 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.19 449.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 199.39 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.36 449.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 257.42 449.10 Td (with ) Tj ET Q q 0 0 0 rg BT 278.39 449.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 301.57 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.21 449.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 339.62 449.10 Td (shows, ) Tj ET Q q 0 0 0 rg BT 370.31 449.10 Td (media ) Tj ET Q q 0 0 0 rg BT 397.94 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.57 449.10 Td (client ) Tj ET Q q 0 0 0 rg BT 440.98 449.10 Td (events ) Tj ET Q q 0 0 0 rg BT 469.72 449.10 Td (for ) Tj ET Q q 0 0 0 rg BT 484.57 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.98 449.10 Td (launch ) Tj ET Q q 0 0 0 rg BT 529.83 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.35 449.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 437.10 Td (models, ) Tj ET Q q 0 0 0 rg BT 87.89 437.10 Td (as ) Tj ET Q q 0 0 0 rg BT 98.72 437.10 Td (well ) Tj ET Q q 0 0 0 rg BT 118.43 437.10 Td (as ) Tj ET Q q 0 0 0 rg BT 129.26 437.10 Td (sponsorship ) Tj ET Q q 0 0 0 rg BT 179.55 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.49 437.10 Td (indirect ) Tj ET Q q 0 0 0 rg BT 229.53 437.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 272.57 437.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 295.07 437.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 330.88 437.10 Td (through ) Tj ET Q q 0 0 0 rg BT 364.49 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.21 437.10 Td (Formula ) Tj ET Q q 0 0 0 rg BT 415.60 437.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 423.10 437.10 Td (racing ) Tj ET Q q 0 0 0 rg BT 450.58 437.10 Td (team, ) Tj ET Q q 0 0 0 rg BT 475.02 437.10 Td (Scuderia ) Tj ET Q q 0 0 0 rg BT 512.50 437.10 Td (Ferrari.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 413.10 Td (9. RESEARCH ) Tj ET Q q 0 0 0 rg BT 126.51 413.10 Td (AND DEVELOPMENT) Tj ET Q q 0 0 0 rg BT 228.84 413.10 Td ( COSTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 389.10 Td (Research and development costs are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 325.60 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 325.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 325.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 325.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 297.60 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 297.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 297.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 297.60 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 352.6 m 473.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 352.6 m 477.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 352.6 m 473.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 338.6 m 473.5 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 352.6 m 557.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 338.6 m 557.5 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 297.6 m 473.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 284.6 m 473.5 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 282.6 m 473.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 297.6 m 557.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 284.6 m 557.5 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 282.6 m 557.5 282.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.10 357.05 Td (For) Tj ET Q q 0 0 0 rg BT 417.01 357.05 Td ( the thr) Tj ET Q q 0 0 0 rg BT 445.34 357.05 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 528.42 357.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.00 343.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.00 343.05 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.35 329.86 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 316.06 Td (Research and development costs expensed during the period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 316.06 Td (148,785) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 316.06 Td (145,854) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 302.06 Td (Amortization of capitalized development costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 302.06 Td (23,858) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 302.06 Td (26,309) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 288.05 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 288.05 Td (otal r) Tj ET Q q 0 0 0 rg BT 81.76 288.05 Td (esear) Tj ET Q q 0 0 0 rg BT 101.58 288.05 Td (ch and development costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.75 288.05 Td (172,643) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 288.05 Td (172,163) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 260.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 260.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.10 260.10 Td (main ) Tj ET Q q 0 0 0 rg BT 128.65 260.10 Td (component ) Tj ET Q q 0 0 0 rg BT 174.63 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.52 260.10 Td (research ) Tj ET Q q 0 0 0 rg BT 219.38 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.37 260.10 Td (development ) Tj ET Q q 0 0 0 rg BT 288.57 260.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 310.12 260.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 348.88 260.10 Td (during ) Tj ET Q q 0 0 0 rg BT 376.54 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.31 260.10 Td (period ) Tj ET Q q 0 0 0 rg BT 417.41 260.10 Td (related ) Tj ET Q q 0 0 0 rg BT 446.17 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.50 260.10 Td (research ) Tj ET Q q 0 0 0 rg BT 490.36 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.35 260.10 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 248.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 93.22 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.12 248.10 Td (support ) Tj ET Q q 0 0 0 rg BT 137.24 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.58 248.10 Td (innovation ) Tj ET Q q 0 0 0 rg BT 198.48 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.93 248.10 Td (our ) Tj ET Q q 0 0 0 rg BT 226.38 248.10 Td (product ) Tj ET Q q 0 0 0 rg BT 260.05 248.10 Td (range ) Tj ET Q q 0 0 0 rg BT 285.38 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.94 248.10 Td (components, ) Tj ET Q q 0 0 0 rg BT 356.88 248.10 Td (in ) Tj ET Q q 0 0 0 rg BT 367.78 248.10 Td (particular) Tj ET Q q 0 0 0 rg BT 405.69 248.10 Td (, ) Tj ET Q q 0 0 0 rg BT 411.31 248.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.21 248.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 455.88 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.78 248.10 Td (hybrid ) Tj ET Q q 0 0 0 rg BT 496.01 248.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 543.56 248.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 236.10 Td (Formula ) Tj ET Q q 0 0 0 rg BT 90.39 236.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 97.89 236.10 Td (developments. ) Tj ET Q q 0 0 0 rg BT 158.43 236.10 Td (Research ) Tj ET Q q 0 0 0 rg BT 197.57 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.51 236.10 Td (development ) Tj ET Q q 0 0 0 rg BT 268.66 236.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 291.16 236.10 Td (also ) Tj ET Q q 0 0 0 rg BT 309.77 236.10 Td (include ) Tj ET Q q 0 0 0 rg BT 341.71 236.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 394.74 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.57 236.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 451.38 236.10 Td (development ) Tj ET Q q 0 0 0 rg BT 505.53 236.10 Td (costs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 200.10 Td (10. OTHER \(INCOME\)/EXPENSES, NET) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 176.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 176.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 115.38 176.10 Td (\(income\)/expenses, ) Tj ET Q q 0 0 0 rg BT 195.46 176.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.28 176.10 Td (for ) Tj ET Q q 0 0 0 rg BT 224.55 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.38 176.10 Td (three ) Tj ET Q q 0 0 0 rg BT 261.97 176.10 Td (months ) Tj ET Q q 0 0 0 rg BT 294.03 176.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 320.51 176.10 Td (March ) Tj ET Q q 0 0 0 rg BT 349.22 176.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.72 176.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.33 176.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.33 176.10 Td ( ) Tj ET Q q 0 0 0 rg BT 386.94 176.10 Td (include ) Tj ET Q q 0 0 0 rg BT 418.98 176.10 Td (other ) Tj ET Q q 0 0 0 rg BT 442.14 176.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 480.85 176.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.78 176.10 Td (2,506 ) Tj ET Q q 0 0 0 rg BT 521.89 176.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 164.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.33 164.10 Td (3,570 ) Tj ET Q q 0 0 0 rg BT 86.71 164.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.82 164.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.70 164.10 Td (for ) Tj ET Q q 0 0 0 rg BT 138.25 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.34 164.10 Td (three ) Tj ET Q q 0 0 0 rg BT 174.21 164.10 Td (months ) Tj ET Q q 0 0 0 rg BT 205.54 164.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 231.30 164.10 Td (March ) Tj ET Q q 0 0 0 rg BT 259.28 164.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.78 164.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.67 164.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.67 164.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 298.88 164.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 328.53 164.10 Td (related ) Tj ET Q q 0 0 0 rg BT 357.62 164.10 Td (to ) Tj ET Q q 0 0 0 rg BT 367.28 164.10 Td (indirect ) Tj ET Q q 0 0 0 rg BT 399.70 164.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 422.13 164.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.45 164.10 Td (other ) Tj ET Q q 0 0 0 rg BT 460.88 164.10 Td (miscellaneous ) Tj ET Q q 0 0 0 rg BT 519.42 164.10 Td (expenses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 152.10 Td (and ) Tj ET Q q 0 0 0 rg BT 71.98 152.10 Td (other ) Tj ET Q q 0 0 0 rg BT 96.07 152.10 Td (income ) Tj ET Q q 0 0 0 rg BT 129.05 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.92 152.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.92 152.10 Td (1) Tj ET Q q 0 0 0 rg BT 150.55 152.10 Td (1,314 ) Tj ET Q q 0 0 0 rg BT 176.60 152.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.71 152.10 Td ( ) Tj ET Q q 0 0 0 rg BT 216.25 152.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.58 152.10 Td (1,940 ) Tj ET Q q 0 0 0 rg BT 250.62 152.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.73 152.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.28 152.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.48 152.10 Td (for ) Tj ET Q q 0 0 0 rg BT 320.68 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.45 152.10 Td (three ) Tj ET Q q 0 0 0 rg BT 359.97 152.10 Td (months ) Tj ET Q q 0 0 0 rg BT 392.97 152.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 420.39 152.10 Td (March ) Tj ET Q q 0 0 0 rg BT 450.03 152.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.53 152.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.07 152.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.07 152.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 492.95 152.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 524.27 152.10 Td (due ) Tj ET Q q 0 0 0 rg BT 542.25 152.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.57 152.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 140.10 Td (pronouncement ) Tj ET Q q 0 0 0 rg BT 118.70 140.10 Td (on ) Tj ET Q q 0 0 0 rg BT 131.20 140.10 Td (a ) Tj ET Q q 0 0 0 rg BT 138.14 140.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 160.08 140.10 Td (year) Tj ET Q q 0 0 0 rg BT 177.66 140.10 Td () Tj ET Q q 0 0 0 rg BT 180.44 140.10 Td (s ) Tj ET Q q 0 0 0 rg BT 186.83 140.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 208.76 140.10 Td (dispute ) Tj ET Q q 0 0 0 rg BT 240.15 140.10 Td (as ) Tj ET Q q 0 0 0 rg BT 250.98 140.10 Td (well ) Tj ET Q q 0 0 0 rg BT 270.69 140.10 Td (as ) Tj ET Q q 0 0 0 rg BT 281.52 140.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 306.79 140.10 Td (income ) Tj ET Q q 0 0 0 rg BT 338.72 140.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.66 140.10 Td (other ) Tj ET Q q 0 0 0 rg BT 378.71 140.10 Td (miscellaneous ) Tj ET Q q 0 0 0 rg BT 437.86 140.10 Td (income.) Tj ET Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 713.25 Td (1) Tj ET Q q 0 0 0 rg BT 58.45 713.25 Td (1. NET) Tj ET Q q 0 0 0 rg BT 93.83 713.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 152.45 713.25 Td ( EXPENSES) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 649.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 649.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 649.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 649.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 621.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 621.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 621.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 621.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 593.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 593.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 593.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 593.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 556.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 556.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 556.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 556.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 528.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 528.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 528.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 528.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 499.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 499.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 499.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 499.75 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 676.75 m 473.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 676.75 m 477.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 676.75 m 557.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 676.75 m 473.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 662.75 m 473.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 676.75 m 557.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 662.75 m 557.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 662.75 m 473.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 662.75 m 557.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 499.75 m 473.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 486.75 m 473.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 484.75 m 473.5 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 499.75 m 557.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 486.75 m 557.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 484.75 m 557.5 484.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.10 681.20 Td (For) Tj ET Q q 0 0 0 rg BT 417.01 681.20 Td ( the thr) Tj ET Q q 0 0 0 rg BT 445.34 681.20 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 528.42 681.20 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.00 667.20 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.00 667.20 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.35 654.01 Td (\( thousand\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 641.15 Td (Financial income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 626.21 Td (Related to:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 612.21 Td (Industrial companies \(A\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 612.21 Td (1) Tj ET Q q 0 0 0 rg BT 449.75 612.21 Td (1,258) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 612.21 Td (10,769) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 598.21 Td (Financial services companies \(reported within net revenues\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 598.21 Td (12,553) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 598.21 Td (9,21) Tj ET Q q 0 0 0 rg BT 549.50 598.21 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 570.20 Td (Financial expenses and expenses fr) Tj ET Q q 0 0 0 rg BT 189.34 570.20 Td (om derivative financial instruments and for) Tj ET Q q 0 0 0 rg BT 356.42 570.20 Td (eign) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 561.20 Td (curr) Tj ET Q q 0 0 0 rg BT 72.83 561.20 Td (ency exchange rate differ) Tj ET Q q 0 0 0 rg BT 169.38 561.20 Td (ences) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 547.21 Td (Related to:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 533.21 Td (Industrial companies \(B\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.25 533.21 Td (\(15,596) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.00 533.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 533.21 Td (\(14,307) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 533.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 519.21 Td (Financial services companies \(reported within cost of sales\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.75 519.21 Td (\(7,177) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.00 519.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 519.21 Td (\(4,560) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 519.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 490.20 Td (Net financial expenses r) Tj ET Q q 0 0 0 rg BT 147.08 490.20 Td (elating to industrial companies \(A) Tj ET Q q 0 0 0 rg BT 276.58 490.20 Td ( - B\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.75 490.20 Td (\(4,338) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.00 490.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.75 490.20 Td (\(3,538) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.00 490.20 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 462.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 462.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 107.04 462.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 144.63 462.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 183.33 462.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 223.15 462.25 Td (related ) Tj ET Q q 0 0 0 rg BT 252.95 462.25 Td (to ) Tj ET Q q 0 0 0 rg BT 263.33 462.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 295.37 462.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 334.07 462.25 Td (on ) Tj ET Q q 0 0 0 rg BT 346.68 462.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 369.00 462.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.04 462.25 Td (in ) Tj ET Q q 0 0 0 rg BT 396.42 462.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 437.34 462.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 469.38 462.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 508.08 462.25 Td (on ) Tj ET Q q 0 0 0 rg BT 520.68 462.25 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 549.68 462.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 450.25 Td (well ) Tj ET Q q 0 0 0 rg BT 73.72 450.25 Td (as ) Tj ET Q q 0 0 0 rg BT 84.55 450.25 Td (net ) Tj ET Q q 0 0 0 rg BT 99.26 450.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 130.64 450.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 170.89 450.25 Td (losses.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 414.25 Td (12. INCOME ) Tj ET Q q 0 0 0 rg BT 113.54 414.25 Td (T) Tj ET Q q 0 0 0 rg BT 119.47 414.25 Td (AX EXPENSE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 390.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 390.25 Td (Income tax expense is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 326.75 320.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 326.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 326.75 88.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 326.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 326.75 88.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 298.75 320.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 298.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 298.75 88.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 298.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 298.75 88.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 353.75 m 465.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 353.75 m 469.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 353.75 m 557.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 353.75 m 465.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 339.75 m 465.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 353.75 m 557.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 339.75 m 557.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 339.75 m 465.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 339.75 m 557.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 284.75 m 465.5 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 271.75 m 465.5 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 269.75 m 465.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 284.75 m 557.5 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 271.75 m 557.5 271.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 269.75 m 557.5 269.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.10 358.20 Td (For) Tj ET Q q 0 0 0 rg BT 409.01 358.20 Td ( the thr) Tj ET Q q 0 0 0 rg BT 437.34 358.20 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 520.42 358.20 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 414.00 344.20 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.00 344.20 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.35 331.01 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 317.21 Td (Current tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.25 317.21 Td (55,988) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 317.21 Td (68,567) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 303.21 Td (Deferred tax expense/\(income\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.75 303.21 Td (1,146) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 303.21 Td (\(18,964) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 303.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 289.21 Td (T) Tj ET Q q 0 0 0 rg BT 60.87 289.21 Td (axes relating to prior periods) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.50 289.21 Td (124) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.50 289.21 Td (\(208) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 289.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 275.20 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 275.20 Td (otal income tax expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.25 275.20 Td (57,258) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.25 275.20 Td (49,395) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 247.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 247.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 122.47 247.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 137.18 247.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 171.87 247.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 213.79 247.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.06 247.25 Td (57,258 ) Tj ET Q q 0 0 0 rg BT 259.05 247.25 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.16 247.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.64 247.25 Td (for ) Tj ET Q q 0 0 0 rg BT 311.79 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 326.50 247.25 Td (three ) Tj ET Q q 0 0 0 rg BT 348.97 247.25 Td (months ) Tj ET Q q 0 0 0 rg BT 380.91 247.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 407.27 247.25 Td (March ) Tj ET Q q 0 0 0 rg BT 435.86 247.25 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.36 247.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.84 247.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.84 247.25 Td ( ) Tj ET Q q 0 0 0 rg BT 473.33 247.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 515.24 247.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.51 247.25 Td (49,395 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 235.25 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.11 235.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.34 235.25 Td (for ) Tj ET Q q 0 0 0 rg BT 106.23 235.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.68 235.25 Td (three ) Tj ET Q q 0 0 0 rg BT 142.90 235.25 Td (months ) Tj ET Q q 0 0 0 rg BT 174.58 235.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 200.68 235.25 Td (March ) Tj ET Q q 0 0 0 rg BT 229.01 235.25 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.51 235.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.75 235.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.75 235.25 Td (, ) Tj ET Q q 0 0 0 rg BT 268.48 235.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 307.92 235.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 355.69 235.25 Td (to ) Tj ET Q q 0 0 0 rg BT 365.70 235.25 Td (an ) Tj ET Q q 0 0 0 rg BT 377.37 235.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 412.35 235.25 Td (in ) Tj ET Q q 0 0 0 rg BT 422.36 235.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 446.81 235.25 Td (before ) Tj ET Q q 0 0 0 rg BT 474.58 235.25 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 499.86 235.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 535.41 235.25 Td (of) Tj ET Q q 0 0 0 rg BT 543.56 235.25 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 223.25 Td (by ) Tj ET Q q 0 0 0 rg BT 65.71 223.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 107.41 223.25 Td (deductions ) Tj ET Q q 0 0 0 rg BT 152.44 223.25 Td (due ) Tj ET Q q 0 0 0 rg BT 168.59 223.25 Td (to ) Tj ET Q q 0 0 0 rg BT 178.08 223.25 Td (an ) Tj ET Q q 0 0 0 rg BT 189.22 223.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 223.69 223.25 Td (in ) Tj ET Q q 0 0 0 rg BT 233.17 223.25 Td (the ) Tj ET Q q 0 0 0 rg BT 247.10 223.25 Td (cap ) Tj ET Q q 0 0 0 rg BT 262.69 223.25 Td (for ) Tj ET Q q 0 0 0 rg BT 276.06 223.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 307.75 223.25 Td (research ) Tj ET Q q 0 0 0 rg BT 342.77 223.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.92 223.25 Td (development ) Tj ET Q q 0 0 0 rg BT 412.28 223.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 433.99 223.25 Td (as ) Tj ET Q q 0 0 0 rg BT 444.02 223.25 Td (well ) Tj ET Q q 0 0 0 rg BT 462.95 223.25 Td (as ) Tj ET Q q 0 0 0 rg BT 472.99 223.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 514.69 223.25 Td (deductions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 211.25 Td (for ) Tj ET Q q 0 0 0 rg BT 68.16 211.25 Td (the ) Tj ET Q q 0 0 0 rg BT 82.88 211.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 134.80 211.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.63 211.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 168.67 211.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 197.00 211.25 Td (in ) Tj ET Q q 0 0 0 rg BT 207.28 211.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 254.74 211.25 Td (with ) Tj ET Q q 0 0 0 rg BT 275.02 211.25 Td (Italian ) Tj ET Q q 0 0 0 rg BT 303.06 211.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 317.78 211.25 Td (legislation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 187.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 187.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 122.18 187.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 136.59 187.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 170.99 187.25 Td (has ) Tj ET Q q 0 0 0 rg BT 186.51 187.25 Td (been ) Tj ET Q q 0 0 0 rg BT 207.59 187.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 250.31 187.25 Td (based ) Tj ET Q q 0 0 0 rg BT 275.27 187.25 Td (on ) Tj ET Q q 0 0 0 rg BT 287.46 187.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.87 187.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 316.28 187.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 333.46 187.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 371.19 187.25 Td (for ) Tj ET Q q 0 0 0 rg BT 385.04 187.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.45 187.25 Td (full ) Tj ET Q q 0 0 0 rg BT 415.53 187.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 452.71 187.25 Td (year) Tj ET Q q 0 0 0 rg BT 469.36 187.25 Td (. ) Tj ET Q q 0 0 0 rg BT 473.90 187.25 Td (The ) Tj ET Q q 0 0 0 rg BT 491.64 187.25 Td (ef) Tj ET Q q 0 0 0 rg BT 499.23 187.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 528.62 187.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 543.03 187.25 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 175.25 Td (\(net ) Tj ET Q q 0 0 0 rg BT 72.22 175.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.23 175.25 Td (IRAP\) ) Tj ET Q q 0 0 0 rg BT 112.02 175.25 Td (used ) Tj ET Q q 0 0 0 rg BT 133.02 175.25 Td (for ) Tj ET Q q 0 0 0 rg BT 147.36 175.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.25 175.25 Td (three ) Tj ET Q q 0 0 0 rg BT 184.91 175.25 Td (months ) Tj ET Q q 0 0 0 rg BT 217.04 175.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 243.59 175.25 Td (March ) Tj ET Q q 0 0 0 rg BT 272.36 175.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 287.54 175.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.54 175.25 Td ( ) Tj ET Q q 0 0 0 rg BT 310.22 175.25 Td (is ) Tj ET Q q 0 0 0 rg BT 319.56 175.25 Td (23.3 ) Tj ET Q q 0 0 0 rg BT 339.74 175.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 371.84 175.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 413.94 175.25 Td (to ) Tj ET Q q 0 0 0 rg BT 424.39 175.25 Td (23.7 ) Tj ET Q q 0 0 0 rg BT 444.57 175.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 476.67 175.25 Td (for ) Tj ET Q q 0 0 0 rg BT 491.00 175.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.89 175.25 Td (three ) Tj ET Q q 0 0 0 rg BT 528.56 175.25 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 163.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 80.38 163.25 Td (March ) Tj ET Q q 0 0 0 rg BT 108.98 163.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 123.98 163.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.98 163.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 139.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 139.25 Td (IRAP) Tj ET Q q 0 0 0 rg BT 112.41 139.25 Td ( ) Tj ET Q q 0 0 0 rg BT 115.05 139.25 Td (\(current ) Tj ET Q q 0 0 0 rg BT 149.32 139.25 Td (and ) Tj ET Q q 0 0 0 rg BT 166.40 139.25 Td (deferred\) ) Tj ET Q q 0 0 0 rg BT 205.67 139.25 Td (for ) Tj ET Q q 0 0 0 rg BT 219.96 139.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.81 139.25 Td (three ) Tj ET Q q 0 0 0 rg BT 257.43 139.25 Td (months ) Tj ET Q q 0 0 0 rg BT 289.51 139.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 316.02 139.25 Td (March ) Tj ET Q q 0 0 0 rg BT 344.75 139.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 359.88 139.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.88 139.25 Td ( ) Tj ET Q q 0 0 0 rg BT 382.52 139.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.59 139.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.59 139.25 Td ( ) Tj ET Q q 0 0 0 rg BT 422.22 139.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 464.29 139.25 Td (to ) Tj ET Q q 0 0 0 rg BT 474.70 139.25 Td (9,254 ) Tj ET Q q 0 0 0 rg BT 504.83 139.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 543.58 139.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 127.25 Td (8,258 ) Tj ET Q q 0 0 0 rg BT 84.16 127.25 Td (thousand, ) Tj ET Q q 0 0 0 rg BT 125.42 127.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 173.08 127.25 Td (. ) Tj ET Q q 0 0 0 rg BT 178.24 127.25 Td (IRAP) Tj ET Q q 0 0 0 rg BT 200.65 127.25 Td ( ) Tj ET Q q 0 0 0 rg BT 203.30 127.25 Td (is ) Tj ET Q q 0 0 0 rg BT 212.63 127.25 Td (only ) Tj ET Q q 0 0 0 rg BT 233.06 127.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 276.81 127.25 Td (to ) Tj ET Q q 0 0 0 rg BT 287.24 127.25 Td (Italian ) Tj ET Q q 0 0 0 rg BT 315.44 127.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 346.97 127.25 Td (and ) Tj ET Q q 0 0 0 rg BT 364.07 127.25 Td (is ) Tj ET Q q 0 0 0 rg BT 373.39 127.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 416.58 127.25 Td (on ) Tj ET Q q 0 0 0 rg BT 429.23 127.25 Td (a ) Tj ET Q q 0 0 0 rg BT 436.32 127.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 472.29 127.25 Td (of ) Tj ET Q q 0 0 0 rg BT 483.28 127.25 Td (income ) Tj ET Q q 0 0 0 rg BT 515.37 127.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 548.01 127.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 69.52 115.25 Td (Italian ) Tj ET Q q 0 0 0 rg BT 98.36 115.25 Td (Civil ) Tj ET Q q 0 0 0 rg BT 121.66 115.25 Td (Code ) Tj ET Q q 0 0 0 rg BT 146.07 115.25 Td (as ) Tj ET Q q 0 0 0 rg BT 157.69 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.21 115.25 Td (dif) Tj ET Q q 0 0 0 rg BT 184.14 115.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 216.85 115.25 Td (between ) Tj ET Q q 0 0 0 rg BT 253.46 115.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 294.52 115.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 333.36 115.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.10 115.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 376.90 115.25 Td (before ) Tj ET Q q 0 0 0 rg BT 405.73 115.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 444.01 115.25 Td (income ) Tj ET Q q 0 0 0 rg BT 476.74 115.25 Td (and ) Tj ET Q q 0 0 0 rg BT 494.48 115.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 532.48 115.25 Td (and ) Tj ET Q q 0 0 0 rg BT 550.22 115.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 103.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 94.45 103.25 Td (before ) Tj ET Q q 0 0 0 rg BT 122.12 103.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.47 103.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 154.71 103.25 Td (of ) Tj ET Q q 0 0 0 rg BT 165.18 103.25 Td (fixed-term ) Tj ET Q q 0 0 0 rg BT 209.52 103.25 Td (employees, ) Tj ET Q q 0 0 0 rg BT 256.92 103.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 281.81 103.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 307.84 103.25 Td (and ) Tj ET Q q 0 0 0 rg BT 324.42 103.25 Td (any ) Tj ET Q q 0 0 0 rg BT 340.99 103.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 372.56 103.25 Td (included ) Tj ET Q q 0 0 0 rg BT 409.13 103.25 Td (in ) Tj ET Q q 0 0 0 rg BT 419.04 103.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 441.16 103.25 Td (payments. ) Tj ET Q q 0 0 0 rg BT 484.12 103.25 Td (IRAP) Tj ET Q q 0 0 0 rg BT 506.53 103.25 Td ( ) Tj ET Q q 0 0 0 rg BT 508.67 103.25 Td (is ) Tj ET Q q 0 0 0 rg BT 517.47 103.25 Td (calculated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 91.25 Td (using ) Tj ET Q q 0 0 0 rg BT 78.25 91.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 115.81 91.25 Td (information ) Tj ET Q q 0 0 0 rg BT 165.60 91.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 203.15 91.25 Td (under ) Tj ET Q q 0 0 0 rg BT 228.50 91.25 Td (Italian ) Tj ET Q q 0 0 0 rg BT 256.62 91.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 303.07 91.25 Td (standards. ) Tj ET Q q 0 0 0 rg BT 345.91 91.25 Td (IRAP) Tj ET Q q 0 0 0 rg BT 368.33 91.25 Td ( ) Tj ET Q q 0 0 0 rg BT 370.90 91.25 Td (is ) Tj ET Q q 0 0 0 rg BT 380.15 91.25 Td (applied ) Tj ET Q q 0 0 0 rg BT 412.16 91.25 Td (on ) Tj ET Q q 0 0 0 rg BT 424.74 91.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.54 91.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 454.33 91.25 Td (base ) Tj ET Q q 0 0 0 rg BT 474.68 91.25 Td (at ) Tj ET Q q 0 0 0 rg BT 484.47 91.25 Td (3.9 ) Tj ET Q q 0 0 0 rg BT 499.55 91.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 531.55 91.25 Td (for ) Tj ET Q q 0 0 0 rg BT 545.79 91.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 79.25 Td (three ) Tj ET Q q 0 0 0 rg BT 76.49 79.25 Td (months ) Tj ET Q q 0 0 0 rg BT 108.43 79.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 134.81 79.25 Td (March ) Tj ET Q q 0 0 0 rg BT 163.41 79.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 178.41 79.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.41 79.25 Td ( ) Tj ET Q q 0 0 0 rg BT 200.91 79.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.85 79.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.85 79.25 Td (.) Tj ET Q endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 701.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 128.12 701.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 142.93 701.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 168.85 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.88 701.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 225.69 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.61 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.42 701.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 294.56 701.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 347.70 701.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 393.05 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 407.85 701.10 Td (of) Tj ET Q q 0 0 0 rg BT 416.00 701.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 433.03 701.10 Td (within ) Tj ET Q q 0 0 0 rg BT 461.18 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.99 701.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 507.46 701.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 689.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 94.82 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.65 689.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 143.13 689.10 Td (position ) Tj ET Q q 0 0 0 rg BT 177.86 689.10 Td (where ) Tj ET Q q 0 0 0 rg BT 204.79 689.10 Td (these ) Tj ET Q q 0 0 0 rg BT 227.83 689.10 Td (may ) Tj ET Q q 0 0 0 rg BT 247.55 689.10 Td (be ) Tj ET Q q 0 0 0 rg BT 259.49 689.10 Td (of) Tj ET Q q 0 0 0 rg BT 267.64 689.10 Td (fset.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 665.10 Td (13. EARNINGS PER SHARE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 90.00 641.10 Td (Basic ) Tj ET Q q 0 0 0 rg BT 115.28 641.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 153.90 641.10 Td (per ) Tj ET Q q 0 0 0 rg BT 169.73 641.10 Td (share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.51 641.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 617.10 Td (Basic ) Tj ET Q q 0 0 0 rg BT 115.05 617.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 151.75 617.10 Td (per ) Tj ET Q q 0 0 0 rg BT 167.35 617.10 Td (share ) Tj ET Q q 0 0 0 rg BT 191.28 617.10 Td (is ) Tj ET Q q 0 0 0 rg BT 200.77 617.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 244.13 617.10 Td (by ) Tj ET Q q 0 0 0 rg BT 256.96 617.10 Td (dividing ) Tj ET Q q 0 0 0 rg BT 293.12 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.17 617.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 333.21 617.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 381.58 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.19 617.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 420.01 617.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 452.28 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.44 617.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 493.47 617.10 Td (by ) Tj ET Q q 0 0 0 rg BT 506.30 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.34 617.10 Td (weighted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.10 Td (average ) Tj ET Q q 0 0 0 rg BT 87.43 605.10 Td (number ) Tj ET Q q 0 0 0 rg BT 120.33 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.00 605.10 Td (common ) Tj ET Q q 0 0 0 rg BT 168.35 605.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 195.68 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.81 605.10 Td (issue. ) Tj ET Q q 0 0 0 rg BT 230.49 605.10 Td (The ) Tj ET Q q 0 0 0 rg BT 248.38 605.10 Td (following ) Tj ET Q q 0 0 0 rg BT 289.62 605.10 Td (table ) Tj ET Q q 0 0 0 rg BT 311.40 605.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 348.18 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.75 605.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 398.98 605.10 Td (used ) Tj ET Q q 0 0 0 rg BT 419.66 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 429.79 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.35 605.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 490.57 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.24 605.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 524.14 605.10 Td (earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 593.10 Td (per ) Tj ET Q q 0 0 0 rg BT 69.27 593.10 Td (share ) Tj ET Q q 0 0 0 rg BT 92.87 593.10 Td (for ) Tj ET Q q 0 0 0 rg BT 107.03 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.74 593.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 153.68 593.10 Td (presented: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 527.60 289.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 527.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 527.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 527.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 527.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 527.60 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 555.6 m 473.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 555.6 m 477.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 555.6 m 557.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 555.6 m 473.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 541.6 m 473.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 555.6 m 477.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 555.6 m 557.5 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 541.6 m 557.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 541.6 m 473.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 541.6 m 477.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 541.6 m 557.5 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 513.6 m 473.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 500.6 m 473.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 498.6 m 473.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 513.6 m 477.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 500.6 m 477.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 498.6 m 477.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 513.6 m 557.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 500.6 m 557.5 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 498.6 m 557.5 498.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.10 560.05 Td (For) Tj ET Q q 0 0 0 rg BT 417.01 560.05 Td ( the thr) Tj ET Q q 0 0 0 rg BT 445.34 560.05 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 528.42 560.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.00 546.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.00 546.05 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 532.06 Td (Profit attributable to owners of the Company) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.85 532.06 Td ( thousand) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 532.06 Td (147,635) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 532.06 Td (123,666) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 518.06 Td (W) Tj ET Q q 0 0 0 rg BT 63.77 518.06 Td (eighted average number of common shares) Tj ET Q BT /F1 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 349.25 524.30 32.50 -8.18 re f /GS0 gs q 0 0 0 rg BT 349.25 518.06 Td (thousand) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 518.06 Td (188,846) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 518.06 Td (188,948) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 504.05 Td (Basic earnings per) Tj ET Q q 0 0 0 rg BT 126.84 504.05 Td ( common shar) Tj ET Q q 0 0 0 rg BT 181.17 504.05 Td (e) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.25 504.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.25 504.05 Td (0.78) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.25 504.05 Td (0.65) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 488.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 476.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 476.10 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 123.06 476.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 161.68 476.10 Td (per ) Tj ET Q q 0 0 0 rg BT 177.51 476.10 Td (share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 452.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 452.10 Td (For ) Tj ET Q q 0 0 0 rg BT 106.05 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.42 452.10 Td (three ) Tj ET Q q 0 0 0 rg BT 142.56 452.10 Td (months ) Tj ET Q q 0 0 0 rg BT 174.16 452.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 200.19 452.10 Td (March ) Tj ET Q q 0 0 0 rg BT 228.45 452.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 243.10 452.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 267.76 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.13 452.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 320.94 452.10 Td (average ) Tj ET Q q 0 0 0 rg BT 354.18 452.10 Td (number ) Tj ET Q q 0 0 0 rg BT 386.88 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.36 452.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 424.51 452.10 Td (for ) Tj ET Q q 0 0 0 rg BT 438.32 452.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 468.25 452.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 504.28 452.10 Td (per ) Tj ET Q q 0 0 0 rg BT 519.21 452.10 Td (share ) Tj ET Q q 0 0 0 rg BT 542.46 452.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 440.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 94.73 440.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.49 440.10 Td (take ) Tj ET Q q 0 0 0 rg BT 125.12 440.10 Td (into ) Tj ET Q q 0 0 0 rg BT 143.65 440.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 200.50 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.70 440.10 Td (theoretical ) Tj ET Q q 0 0 0 rg BT 260.87 440.10 Td (ef) Tj ET Q q 0 0 0 rg BT 268.46 440.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 286.42 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.73 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.93 440.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 350.89 440.10 Td (common ) Tj ET Q q 0 0 0 rg BT 388.87 440.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 416.83 440.10 Td (that ) Tj ET Q q 0 0 0 rg BT 434.81 440.10 Td (would ) Tj ET Q q 0 0 0 rg BT 462.78 440.10 Td (be ) Tj ET Q q 0 0 0 rg BT 475.20 440.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 503.18 440.10 Td (for ) Tj ET Q q 0 0 0 rg BT 517.82 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.01 440.10 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 428.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 92.79 428.10 Td (program. ) Tj ET Q q 0 0 0 rg BT 131.30 428.10 Td (For ) Tj ET Q q 0 0 0 rg BT 147.32 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.68 428.10 Td (three ) Tj ET Q q 0 0 0 rg BT 183.80 428.10 Td (months ) Tj ET Q q 0 0 0 rg BT 215.38 428.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 241.39 428.10 Td (March ) Tj ET Q q 0 0 0 rg BT 269.63 428.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 284.26 428.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 308.90 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.25 428.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 362.04 428.10 Td (average ) Tj ET Q q 0 0 0 rg BT 395.26 428.10 Td (number ) Tj ET Q q 0 0 0 rg BT 427.94 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.41 428.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 465.53 428.10 Td (for ) Tj ET Q q 0 0 0 rg BT 479.33 428.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 509.24 428.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 545.25 428.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 416.10 Td (share ) Tj ET Q q 0 0 0 rg BT 77.48 416.10 Td (was ) Tj ET Q q 0 0 0 rg BT 95.42 416.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 135.56 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.72 416.10 Td (take ) Tj ET Q q 0 0 0 rg BT 164.76 416.10 Td (into ) Tj ET Q q 0 0 0 rg BT 182.71 416.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 238.96 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.57 416.10 Td (theoretical ) Tj ET Q q 0 0 0 rg BT 298.15 416.10 Td (ef) Tj ET Q q 0 0 0 rg BT 305.74 416.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 323.11 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.82 416.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 345.65 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.25 416.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 397.62 416.10 Td (common ) Tj ET Q q 0 0 0 rg BT 435.00 416.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 462.38 416.10 Td (that ) Tj ET Q q 0 0 0 rg BT 479.76 416.10 Td (would ) Tj ET Q q 0 0 0 rg BT 507.14 416.10 Td (be ) Tj ET Q q 0 0 0 rg BT 518.97 416.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 546.35 416.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 70.01 404.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 98.81 404.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 139.26 404.10 Td (program ) Tj ET Q q 0 0 0 rg BT 176.93 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.17 404.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 211.18 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.20 404.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 265.98 404.10 Td (common ) Tj ET Q q 0 0 0 rg BT 304.78 404.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 333.57 404.10 Td (that ) Tj ET Q q 0 0 0 rg BT 352.36 404.10 Td (would ) Tj ET Q q 0 0 0 rg BT 381.16 404.10 Td (be ) Tj ET Q q 0 0 0 rg BT 394.39 404.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 423.19 404.10 Td (for ) Tj ET Q q 0 0 0 rg BT 438.65 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.66 404.10 Td (Non-Executive ) Tj ET Q q 0 0 0 rg BT 518.99 404.10 Td (Directors' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 392.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 112.04 392.10 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 158.68 392.10 Td (See ) Tj ET Q q 0 0 0 rg BT 175.62 392.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 197.56 392.10 Td (21 ) Tj ET Q q 0 0 0 rg BT 210.06 392.10 Td (for ) Tj ET Q q 0 0 0 rg BT 224.22 392.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 266.71 392.10 Td (details ) Tj ET Q q 0 0 0 rg BT 295.31 392.10 Td (on ) Tj ET Q q 0 0 0 rg BT 307.81 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.53 392.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 350.03 392.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 389.18 392.10 Td (plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 368.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 368.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.56 368.10 Td (following ) Tj ET Q q 0 0 0 rg BT 150.46 368.10 Td (table ) Tj ET Q q 0 0 0 rg BT 172.91 368.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 210.36 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.59 368.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 262.49 368.10 Td (used ) Tj ET Q q 0 0 0 rg BT 283.84 368.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.63 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.86 368.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 356.74 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.09 368.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 398.88 368.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 435.77 368.10 Td (per ) Tj ET Q q 0 0 0 rg BT 451.55 368.10 Td (share ) Tj ET Q q 0 0 0 rg BT 475.66 368.10 Td (for ) Tj ET Q q 0 0 0 rg BT 490.34 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.57 368.10 Td (three ) Tj ET Q q 0 0 0 rg BT 528.57 368.10 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 356.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 80.38 356.10 Td (March ) Tj ET Q q 0 0 0 rg BT 108.98 356.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.98 356.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.98 356.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.48 356.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.41 356.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.41 356.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 297.60 287.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 297.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 297.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 297.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 297.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 297.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 260.60 287.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 260.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 260.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 260.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 260.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 260.60 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 310.6 m 473.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 310.6 m 557.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 297.6 m 473.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 297.6 m 557.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 297.6 m 473.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 297.6 m 557.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 260.6 m 473.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 260.6 m 557.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 247.60000000000002 m 473.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 245.60000000000002 m 473.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 247.60000000000002 m 557.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 245.60000000000002 m 557.5 245.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.10 315.05 Td (For) Tj ET Q q 0 0 0 rg BT 414.93 315.05 Td ( the thr) Tj ET Q q 0 0 0 rg BT 443.26 315.05 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 526.34 315.05 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.00 301.83 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.00 301.83 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 288.06 Td (Profit attributable to owners of the Company) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.85 288.06 Td ( thousand) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 288.06 Td (147,635) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 288.06 Td (123,666) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 274.06 Td (W) Tj ET Q q 0 0 0 rg BT 63.77 274.06 Td (eighted average number of common shares for diluted earnings per ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 265.06 Td (common share ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.25 265.06 Td (thousand ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 265.06 Td (189,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 265.06 Td (189,758) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 251.05 Td (Diluted earnings per) Tj ET Q q 0 0 0 rg BT 134.84 251.05 Td ( common shar) Tj ET Q q 0 0 0 rg BT 189.17 251.05 Td (e) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.25 251.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.25 251.05 Td (0.78) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.25 251.05 Td (0.65) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 223.10 Td (14. INT) Tj ET Q q 0 0 0 rg BT 91.04 223.10 Td (ANGIBLE ) Tj ET Q q 0 0 0 rg BT 139.11 223.10 Td (ASSETS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 159.60 163.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 159.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 159.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 159.60 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 159.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 159.60 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 159.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 159.60 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 159.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 159.60 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 159.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 159.60 63.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 171.60000000000002 m 270.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 171.60000000000002 m 325.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 171.60000000000002 m 380.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 171.60000000000002 m 436.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 171.60000000000002 m 491.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 171.60000000000002 m 558.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 147.60000000000002 m 270.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 145.60000000000002 m 270.5 145.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 147.60000000000002 m 325.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 145.60000000000002 m 325.5 145.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 147.60000000000002 m 380.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 145.60000000000002 m 380.5 145.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 147.60000000000002 m 436.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 145.60000000000002 m 436.5 145.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 147.60000000000002 m 491.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 145.60000000000002 m 491.5 145.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 147.60000000000002 m 558.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 145.60000000000002 m 558.5 145.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.60 191.83 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.25 183.83 Td (December) Tj ET Q q 0 0 0 rg BT 254.82 183.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.50 175.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.80 175.83 Td (Additions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.45 175.83 Td (Disposals) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.10 175.83 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.75 183.83 Td (T) Tj ET Q q 0 0 0 rg BT 450.79 183.83 Td (ranslation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.90 175.83 Td (differ) Tj ET Q q 0 0 0 rg BT 465.93 175.83 Td (ences) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.60 191.83 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.00 183.83 Td (Mar) Tj ET Q q 0 0 0 rg BT 523.96 183.83 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.50 175.83 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.35 163.55 Td (\( thousand\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 150.83 Td (Intangible assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.25 150.83 Td (440,456) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.25 150.83 Td (58,923) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.30 150.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.60 150.83 Td (\(27,053) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.30 150.83 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.60 150.83 Td (\(6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.30 150.83 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.30 150.83 Td (472,320) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 123.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 123.10 Td (Additions ) Tj ET Q q 0 0 0 rg BT 132.37 123.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.62 123.10 Td (58,923 ) Tj ET Q q 0 0 0 rg BT 179.04 123.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.15 123.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.07 123.10 Td (for ) Tj ET Q q 0 0 0 rg BT 232.65 123.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.79 123.10 Td (three ) Tj ET Q q 0 0 0 rg BT 270.70 123.10 Td (months ) Tj ET Q q 0 0 0 rg BT 303.07 123.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 329.87 123.10 Td (March ) Tj ET Q q 0 0 0 rg BT 358.89 123.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.39 123.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.31 123.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.31 123.10 Td (, ) Tj ET Q q 0 0 0 rg BT 399.73 123.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 439.86 123.10 Td (related ) Tj ET Q q 0 0 0 rg BT 469.99 123.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.69 123.10 Td (externally ) Tj ET Q q 0 0 0 rg BT 523.59 123.10 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 111.10 Td (and ) Tj ET Q q 0 0 0 rg BT 71.12 111.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 112.13 111.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 153.68 111.10 Td (development ) Tj ET Q q 0 0 0 rg BT 208.01 111.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 230.70 111.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.16 111.10 Td (support ) Tj ET Q q 0 0 0 rg BT 273.85 111.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.75 111.10 Td (innovation ) Tj ET Q q 0 0 0 rg BT 334.21 111.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.23 111.10 Td (our ) Tj ET Q q 0 0 0 rg BT 361.24 111.10 Td (product ) Tj ET Q q 0 0 0 rg BT 394.47 111.10 Td (range ) Tj ET Q q 0 0 0 rg BT 419.37 111.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.49 111.10 Td (components, ) Tj ET Q q 0 0 0 rg BT 490.00 111.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.13 111.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.59 111.10 Td (particular) Tj ET Q q 0 0 0 rg BT 555.50 111.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 99.10 Td (in ) Tj ET Q q 0 0 0 rg BT 64.28 99.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 97.32 99.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.60 99.10 Td (hybrid ) Tj ET Q q 0 0 0 rg BT 136.21 99.10 Td (technology) Tj ET Q q 0 0 0 rg BT 179.99 99.10 Td (.) Tj ET Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 689.10 Td (15. PROPER) Tj ET Q q 0 0 0 rg BT 114.76 689.10 Td (TY) Tj ET Q q 0 0 0 rg BT 127.73 689.10 Td (, PLANT) Tj ET Q q 0 0 0 rg BT 166.44 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.39 689.10 Td (AND EQUIPMENT) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 619.60 176.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 619.60 53.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 619.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 619.60 51.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 619.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 619.60 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 619.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 619.60 51.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 619.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 619.60 51.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 619.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 619.60 57.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 631.6 m 282.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 631.6 m 337.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 631.6 m 386.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 631.6 m 441.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 631.6 m 496.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 631.6 m 557.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 599.6 m 282.5 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 597.6 m 282.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 599.6 m 337.5 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 597.6 m 337.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 599.6 m 386.5 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 597.6 m 386.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 599.6 m 441.5 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 597.6 m 441.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 599.6 m 496.5 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 597.6 m 496.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 599.6 m 557.5 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 597.6 m 557.5 597.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 237.60 651.83 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.25 643.83 Td (December) Tj ET Q q 0 0 0 rg BT 266.82 643.83 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.50 635.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.80 635.83 Td (Additions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.45 635.83 Td (Disposals) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.55 635.83 Td (Depr) Tj ET Q q 0 0 0 rg BT 410.81 635.83 Td (eciation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.75 643.83 Td (T) Tj ET Q q 0 0 0 rg BT 455.79 643.83 Td (ranslation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.90 635.83 Td (differ) Tj ET Q q 0 0 0 rg BT 470.93 635.83 Td (ences) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.60 651.83 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.00 643.83 Td (Mar) Tj ET Q q 0 0 0 rg BT 525.96 643.83 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 635.83 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.85 623.55 Td (\( thousand\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 602.83 Td (Pr) Tj ET Q q 0 0 0 rg BT 64.29 602.83 Td (operty) Tj ET Q q 0 0 0 rg BT 86.07 602.83 Td (, plant and equipment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.25 602.83 Td (710,260) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.25 602.83 Td (62,096) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.60 602.83 Td (\(448) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.30 602.83 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.60 602.83 Td (\(35,391) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.30 602.83 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.60 602.83 Td (\(81) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.30 602.83 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 602.83 Td (736,436) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 575.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 575.10 Td (Additions ) Tj ET Q q 0 0 0 rg BT 132.54 575.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.96 575.10 Td (62,096 ) Tj ET Q q 0 0 0 rg BT 179.55 575.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.66 575.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.75 575.10 Td (for ) Tj ET Q q 0 0 0 rg BT 233.50 575.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.81 575.10 Td (three ) Tj ET Q q 0 0 0 rg BT 271.88 575.10 Td (months ) Tj ET Q q 0 0 0 rg BT 304.42 575.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 331.39 575.10 Td (March ) Tj ET Q q 0 0 0 rg BT 360.58 575.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.08 575.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.17 575.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.17 575.10 Td ( ) Tj ET Q q 0 0 0 rg BT 399.26 575.10 Td (were ) Tj ET Q q 0 0 0 rg BT 421.78 575.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 452.65 575.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 497.39 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.81 575.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 535.23 575.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 563.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 105.93 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.87 563.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 145.37 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.31 563.10 Td (machinery ) Tj ET Q q 0 0 0 rg BT 207.01 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.95 563.10 Td (equipment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 551.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 539.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 539.10 Td (At ) Tj ET Q q 0 0 0 rg BT 101.28 539.10 Td (March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.38 539.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.66 539.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.66 539.10 Td (, ) Tj ET Q q 0 0 0 rg BT 167.43 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.93 539.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 207.76 539.10 Td (had ) Tj ET Q q 0 0 0 rg BT 223.48 539.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 269.17 539.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 324.89 539.10 Td (for ) Tj ET Q q 0 0 0 rg BT 337.83 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.32 539.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 388.14 539.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.75 539.10 Td (property) Tj ET Q q 0 0 0 rg BT 430.97 539.10 Td (, ) Tj ET Q q 0 0 0 rg BT 434.75 539.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 456.03 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.74 539.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 515.23 539.10 Td (amounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 527.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.28 527.10 Td (46,682 ) Tj ET Q q 0 0 0 rg BT 99.28 527.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.39 527.10 Td ( ) Tj ET Q q 0 0 0 rg BT 137.89 527.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.22 527.10 Td (37,844 ) Tj ET Q q 0 0 0 rg BT 176.22 527.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.33 527.10 Td ( ) Tj ET Q q 0 0 0 rg BT 214.83 527.10 Td (at ) Tj ET Q q 0 0 0 rg BT 224.54 527.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.13 527.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.13 527.10 Td (\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 503.10 Td (16. INVESTMENTS ) Tj ET Q q 0 0 0 rg BT 148.75 503.10 Td (AND OTHER FINANCIAL) Tj ET Q q 0 0 0 rg BT 267.65 503.10 Td ( ) Tj ET Q q 0 0 0 rg BT 269.60 503.10 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.70 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 473.70 Td (The ) Tj ET Q q 0 0 0 rg BT 108.05 473.70 Td (composition ) Tj ET Q q 0 0 0 rg BT 159.99 473.70 Td (of ) Tj ET Q q 0 0 0 rg BT 170.82 473.70 Td (investments ) Tj ET Q q 0 0 0 rg BT 221.09 473.70 Td (and ) Tj ET Q q 0 0 0 rg BT 238.03 473.70 Td (other ) Tj ET Q q 0 0 0 rg BT 261.08 473.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 298.56 473.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 324.39 473.70 Td (is ) Tj ET Q q 0 0 0 rg BT 333.56 473.70 Td (as ) Tj ET Q q 0 0 0 rg BT 344.39 473.70 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 63.50 424.20 317.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 424.20 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 424.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 424.20 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 63.50 394.20 317.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 394.20 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 394.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 394.20 78.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 438.2 m 465.5 438.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 438.2 m 547.5 438.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 438.2 m 465.5 438.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 438.2 m 547.5 438.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 394.2 m 465.5 394.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 394.2 m 547.5 394.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 394.2 m 465.5 394.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 381.2 m 465.5 381.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 379.2 m 465.5 379.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 394.2 m 547.5 394.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 381.2 m 547.5 381.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 379.2 m 547.5 379.2 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.95 451.65 Td (At Mar) Tj ET Q q 0 0 0 rg BT 427.60 451.65 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.50 442.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 477.95 451.65 Td (At December) Tj ET Q q 0 0 0 rg BT 528.51 451.65 Td ( 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.00 442.65 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.35 428.66 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 413.66 Td (Investments accounted for using the equity method) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.90 413.66 Td (23,219) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.90 413.66 Td (23,340) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 66.00 398.66 Td (Other securities and financial assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.40 398.66 Td (6,208) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.40 398.66 Td (6,698) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 384.65 Td (T) Tj ET Q q 0 0 0 rg BT 71.18 384.65 Td (otal investments and other) Tj ET Q q 0 0 0 rg BT 172.76 384.65 Td ( financial assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.90 384.65 Td (29,427) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.90 384.65 Td (30,038) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 356.70 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 90.00 356.70 Td (Investments ) Tj ET Q q 0 0 0 rg BT 141.95 356.70 Td (accounted ) Tj ET Q q 0 0 0 rg BT 186.67 356.70 Td (for ) Tj ET Q q 0 0 0 rg BT 201.39 356.70 Td (using ) Tj ET Q q 0 0 0 rg BT 226.68 356.70 Td (the ) Tj ET Q q 0 0 0 rg BT 241.96 356.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 269.45 356.70 Td (method) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 54.00 341.63 318.17 -9.09 re f /GS0 gs q 0 0 0 rg BT 54.00 334.70 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 334.70 Td (Investments ) Tj ET Q q 0 0 0 rg BT 140.83 334.70 Td (accounted ) Tj ET Q q 0 0 0 rg BT 183.86 334.70 Td (for ) Tj ET Q q 0 0 0 rg BT 198.02 334.70 Td (using ) Tj ET Q q 0 0 0 rg BT 222.20 334.70 Td (the ) Tj ET Q q 0 0 0 rg BT 236.92 334.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 264.41 334.70 Td (method ) Tj ET Q q 0 0 0 rg BT 296.91 334.70 Td (relate ) Tj ET Q q 0 0 0 rg BT 321.62 334.70 Td (to ) Tj ET Q q 0 0 0 rg BT 331.90 334.70 Td (the ) Tj ET Q q 0 0 0 rg BT 346.62 334.70 Td (Group) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.17 334.70 Td () Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 375.22 341.63 133.07 -9.09 re f /GS0 gs q 0 0 0 rg BT 374.95 334.70 Td (s ) Tj ET Q q 0 0 0 rg BT 381.34 334.70 Td (investment ) Tj ET Q q 0 0 0 rg BT 427.72 334.70 Td (in ) Tj ET Q q 0 0 0 rg BT 438.01 334.70 Td (FFS ) Tj ET Q q 0 0 0 rg BT 457.19 334.70 Td (GmbH ) Tj ET Q q 0 0 0 rg BT 486.92 334.70 Td (and ) Tj ET Q q 0 0 0 rg BT 503.86 334.70 Td (c) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.30 334.70 Td (hanges ) Tj ET Q q 0 0 0 rg BT 538.57 334.70 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 322.70 Td (as ) Tj ET Q q 0 0 0 rg BT 64.83 322.70 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 285.20 424.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 285.20 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 255.20 424.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 255.20 80.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 240.20000000000005 m 557.5 240.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 226.20000000000005 m 557.5 226.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 224.20000000000005 m 557.5 224.20000000000005 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.35 289.66 Td (\( thousand\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 274.65 Td (Balance at January 1, 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 274.66 Td (23,340) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 259.66 Td (Proportionate share of net loss for the period from January 1, 2018 to March 31, 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.00 259.66 Td (\(87) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 259.66 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 244.66 Td (Other changes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.00 244.66 Td (\(34) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 244.66 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 229.65 Td (Balance at Mar) Tj ET Q q 0 0 0 rg BT 115.32 229.65 Td (ch 31, 2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.25 229.65 Td (23,219) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 189.70 Td (Other securities and financial assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 165.70 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 165.70 Td (Other ) Tj ET Q q 0 0 0 rg BT 115.54 165.70 Td (securities ) Tj ET Q q 0 0 0 rg BT 156.07 165.70 Td (and ) Tj ET Q q 0 0 0 rg BT 173.27 165.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 211.02 165.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 237.12 165.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 277.10 165.70 Td (include ) Tj ET Q q 0 0 0 rg BT 309.30 165.70 Td (the ) Tj ET Q q 0 0 0 rg BT 324.28 165.70 Td (Liberty ) Tj ET Q q 0 0 0 rg BT 356.49 165.70 Td (Shares ) Tj ET Q q 0 0 0 rg BT 385.91 165.70 Td (obtained ) Tj ET Q q 0 0 0 rg BT 423.11 165.70 Td (as ) Tj ET Q q 0 0 0 rg BT 434.21 165.70 Td (a ) Tj ET Q q 0 0 0 rg BT 441.42 165.70 Td (result ) Tj ET Q q 0 0 0 rg BT 466.40 165.70 Td (of ) Tj ET Q q 0 0 0 rg BT 477.50 165.70 Td (exercising ) Tj ET Q q 0 0 0 rg BT 521.36 165.70 Td (the ) Tj ET Q q 0 0 0 rg BT 536.35 165.70 Td (Delta ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 153.70 Td (T) Tj ET Q q 0 0 0 rg BT 59.41 153.70 Td (opco ) Tj ET Q q 0 0 0 rg BT 81.45 153.70 Td (option ) Tj ET Q q 0 0 0 rg BT 109.62 153.70 Td (\(as ) Tj ET Q q 0 0 0 rg BT 123.88 153.70 Td (explained ) Tj ET Q q 0 0 0 rg BT 165.36 153.70 Td (below\). ) Tj ET Q q 0 0 0 rg BT 198.04 153.70 Td (The ) Tj ET Q q 0 0 0 rg BT 216.19 153.70 Td (Liberty ) Tj ET Q q 0 0 0 rg BT 248.23 153.70 Td (Shares ) Tj ET Q q 0 0 0 rg BT 277.50 153.70 Td (are ) Tj ET Q q 0 0 0 rg BT 292.31 153.70 Td (measured ) Tj ET Q q 0 0 0 rg BT 333.23 153.70 Td (at ) Tj ET Q q 0 0 0 rg BT 343.05 153.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 359.53 153.70 Td (value ) Tj ET Q q 0 0 0 rg BT 383.79 153.70 Td (and ) Tj ET Q q 0 0 0 rg BT 400.84 153.70 Td (amounted ) Tj ET Q q 0 0 0 rg BT 442.88 153.70 Td (to ) Tj ET Q q 0 0 0 rg BT 453.26 153.70 Td (5,205 ) Tj ET Q q 0 0 0 rg BT 483.36 153.70 Td (thousand ) Tj ET Q q 0 0 0 rg BT 522.08 153.70 Td (at ) Tj ET Q q 0 0 0 rg BT 531.90 153.70 Td (March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 141.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 69.00 141.70 Td (2018 ) Tj ET Q q 0 0 0 rg BT 91.50 141.70 Td (\(5,705 ) Tj ET Q q 0 0 0 rg BT 124.83 141.70 Td (thousand ) Tj ET Q q 0 0 0 rg BT 163.44 141.70 Td (at ) Tj ET Q q 0 0 0 rg BT 173.16 141.70 Td (December ) Tj ET Q q 0 0 0 rg BT 216.74 141.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 231.74 141.70 Td (2017\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 117.70 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 117.70 Td (The ) Tj ET Q q 0 0 0 rg BT 107.25 117.70 Td (Group ) Tj ET Q q 0 0 0 rg BT 134.50 117.70 Td (was ) Tj ET Q q 0 0 0 rg BT 151.75 117.70 Td (granted ) Tj ET Q q 0 0 0 rg BT 183.43 117.70 Td (an ) Tj ET Q q 0 0 0 rg BT 194.57 117.70 Td (option ) Tj ET Q q 0 0 0 rg BT 221.82 117.70 Td (to ) Tj ET Q q 0 0 0 rg BT 231.30 117.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 268.53 117.70 Td (a ) Tj ET Q q 0 0 0 rg BT 274.67 117.70 Td (fixed ) Tj ET Q q 0 0 0 rg BT 296.91 117.70 Td (number ) Tj ET Q q 0 0 0 rg BT 329.16 117.70 Td (of ) Tj ET Q q 0 0 0 rg BT 339.19 117.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 365.88 117.70 Td (in ) Tj ET Q q 0 0 0 rg BT 375.35 117.70 Td (Delta ) Tj ET Q q 0 0 0 rg BT 398.58 117.70 Td (T) Tj ET Q q 0 0 0 rg BT 403.99 117.70 Td (opco ) Tj ET Q q 0 0 0 rg BT 425.13 117.70 Td (for ) Tj ET Q q 0 0 0 rg BT 438.49 117.70 Td (a ) Tj ET Q q 0 0 0 rg BT 444.63 117.70 Td (fixed ) Tj ET Q q 0 0 0 rg BT 466.87 117.70 Td (price ) Tj ET Q q 0 0 0 rg BT 488.55 117.70 Td (on ) Tj ET Q q 0 0 0 rg BT 500.25 117.70 Td (the ) Tj ET Q q 0 0 0 rg BT 514.17 117.70 Td (occurrence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 105.70 Td (of ) Tj ET Q q 0 0 0 rg BT 65.07 105.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 95.01 105.70 Td (events. ) Tj ET Q q 0 0 0 rg BT 125.79 105.70 Td (Delta ) Tj ET Q q 0 0 0 rg BT 149.99 105.70 Td (T) Tj ET Q q 0 0 0 rg BT 155.40 105.70 Td (opco ) Tj ET Q q 0 0 0 rg BT 177.58 105.70 Td (was ) Tj ET Q q 0 0 0 rg BT 195.87 105.70 Td (a ) Tj ET Q q 0 0 0 rg BT 203.04 105.70 Td (company ) Tj ET Q q 0 0 0 rg BT 242.44 105.70 Td (belonging ) Tj ET Q q 0 0 0 rg BT 285.17 105.70 Td (to ) Tj ET Q q 0 0 0 rg BT 295.69 105.70 Td (the ) Tj ET Q q 0 0 0 rg BT 310.64 105.70 Td (Formula ) Tj ET Q q 0 0 0 rg BT 347.27 105.70 Td (1 ) Tj ET Q q 0 0 0 rg BT 355.00 105.70 Td (Group ) Tj ET Q q 0 0 0 rg BT 383.29 105.70 Td (\(the ) Tj ET Q q 0 0 0 rg BT 401.58 105.70 Td (group ) Tj ET Q q 0 0 0 rg BT 427.65 105.70 Td (responsible ) Tj ET Q q 0 0 0 rg BT 475.93 105.70 Td (for ) Tj ET Q q 0 0 0 rg BT 490.33 105.70 Td (the ) Tj ET Q q 0 0 0 rg BT 505.29 105.70 Td (promotion ) Tj ET Q q 0 0 0 rg BT 549.69 105.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 93.70 Td (the ) Tj ET Q q 0 0 0 rg BT 69.46 93.70 Td (Formula ) Tj ET Q q 0 0 0 rg BT 106.59 93.70 Td (1 ) Tj ET Q q 0 0 0 rg BT 114.60 93.70 Td (W) Tj ET Q q 0 0 0 rg BT 123.24 93.70 Td (orld ) Tj ET Q q 0 0 0 rg BT 142.59 93.70 Td (Championship\). ) Tj ET Q q 0 0 0 rg BT 209.76 93.70 Td (The ) Tj ET Q q 0 0 0 rg BT 228.55 93.70 Td (Group ) Tj ET Q q 0 0 0 rg BT 257.35 93.70 Td (exercised ) Tj ET Q q 0 0 0 rg BT 298.35 93.70 Td (the ) Tj ET Q q 0 0 0 rg BT 313.81 93.70 Td (Delta ) Tj ET Q q 0 0 0 rg BT 338.47 93.70 Td (T) Tj ET Q q 0 0 0 rg BT 343.88 93.70 Td (opco ) Tj ET Q q 0 0 0 rg BT 366.56 93.70 Td (option ) Tj ET Q q 0 0 0 rg BT 395.36 93.70 Td (as ) Tj ET Q q 0 0 0 rg BT 406.94 93.70 Td (a ) Tj ET Q q 0 0 0 rg BT 414.62 93.70 Td (result ) Tj ET Q q 0 0 0 rg BT 440.08 93.70 Td (of ) Tj ET Q q 0 0 0 rg BT 451.65 93.70 Td (the ) Tj ET Q q 0 0 0 rg BT 467.11 93.70 Td (sale ) Tj ET Q q 0 0 0 rg BT 485.90 93.70 Td (of ) Tj ET Q q 0 0 0 rg BT 497.48 93.70 Td (Delta ) Tj ET Q q 0 0 0 rg BT 522.14 93.70 Td (T) Tj ET Q q 0 0 0 rg BT 527.55 93.70 Td (opco ) Tj ET Q q 0 0 0 rg BT 550.23 93.70 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 81.70 Td (Liberty ) Tj ET Q q 0 0 0 rg BT 85.85 81.70 Td (Media ) Tj ET Q q 0 0 0 rg BT 113.82 81.70 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 167.07 81.70 Td (which ) Tj ET Q q 0 0 0 rg BT 193.93 81.70 Td (was ) Tj ET Q q 0 0 0 rg BT 211.90 81.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 255.97 81.70 Td (on ) Tj ET Q q 0 0 0 rg BT 268.39 81.70 Td (January ) Tj ET Q q 0 0 0 rg BT 301.91 81.70 Td (23, ) Tj ET Q q 0 0 0 rg BT 316.83 81.70 Td (2017. ) Tj ET Q q 0 0 0 rg BT 341.75 81.70 Td (On ) Tj ET Q q 0 0 0 rg BT 356.40 81.70 Td (February ) Tj ET Q q 0 0 0 rg BT 394.92 81.70 Td (22, ) Tj ET Q q 0 0 0 rg BT 409.84 81.70 Td (2017, ) Tj ET Q q 0 0 0 rg BT 434.76 81.70 Td (the ) Tj ET Q q 0 0 0 rg BT 449.40 81.70 Td (Group ) Tj ET Q q 0 0 0 rg BT 477.37 81.70 Td (received ) Tj ET Q q 0 0 0 rg BT 513.65 81.70 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 525.51 81.70 Td (10,878 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 69.70 Td (thousand ) Tj ET Q q 0 0 0 rg BT 92.90 69.70 Td (in ) Tj ET Q q 0 0 0 rg BT 103.47 69.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 124.03 69.70 Td (\(including ) Tj ET Q q 0 0 0 rg BT 167.93 69.70 Td (2,571 ) Tj ET Q q 0 0 0 rg BT 198.22 69.70 Td (thousand ) Tj ET Q q 0 0 0 rg BT 237.12 69.70 Td (of ) Tj ET Q q 0 0 0 rg BT 248.24 69.70 Td (previously ) Tj ET Q q 0 0 0 rg BT 293.25 69.70 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 348.82 69.70 Td (dividends\), ) Tj ET Q q 0 0 0 rg BT 396.32 69.70 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 411.33 69.70 Td (approximately ) Tj ET Q q 0 0 0 rg BT 471.88 69.70 Td (145 ) Tj ET Q q 0 0 0 rg BT 489.68 69.70 Td (thousand ) Tj ET Q q 0 0 0 rg BT 528.58 69.70 Td (Liberty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 57.70 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 85.44 57.70 Td (which ) Tj ET Q q 0 0 0 rg BT 112.16 57.70 Td (were ) Tj ET Q q 0 0 0 rg BT 133.88 57.70 Td (initially ) Tj ET Q q 0 0 0 rg BT 167.27 57.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 213.41 57.70 Td (at ) Tj ET Q q 0 0 0 rg BT 222.91 57.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 241.30 57.70 Td (of ) Tj ET Q q 0 0 0 rg BT 251.92 57.70 Td (2,887 ) Tj ET Q q 0 0 0 rg BT 281.70 57.70 Td (thousand ) Tj ET Q q 0 0 0 rg BT 320.09 57.70 Td (\(based ) Tj ET Q q 0 0 0 rg BT 348.47 57.70 Td (on ) Tj ET Q q 0 0 0 rg BT 360.75 57.70 Td (the ) Tj ET Q q 0 0 0 rg BT 375.25 57.70 Td (original ) Tj ET Q q 0 0 0 rg BT 408.64 57.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 454.25 57.70 Td (agreement\), ) Tj ET Q q 0 0 0 rg BT 504.00 57.70 Td (and ) Tj ET Q q 0 0 0 rg BT 520.72 57.70 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 538.00 57.70 Td (851 ) Tj ET Q endstream endobj 93 0 obj <> endobj 94 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 713.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 93.08 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.39 713.10 Td (Liberty ) Tj ET Q q 0 0 0 rg BT 136.80 713.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 165.32 713.10 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 222.70 713.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 246.79 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 257.54 713.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 291.06 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.81 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.00 713.10 Td (Delta ) Tj ET Q q 0 0 0 rg BT 341.42 713.10 Td (T) Tj ET Q q 0 0 0 rg BT 346.83 713.10 Td (opco ) Tj ET Q q 0 0 0 rg BT 369.24 713.10 Td (option. ) Tj ET Q q 0 0 0 rg BT 400.06 713.10 Td (The ) Tj ET Q q 0 0 0 rg BT 418.58 713.10 Td (Liberty ) Tj ET Q q 0 0 0 rg BT 450.99 713.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 479.51 713.10 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 536.90 713.10 Td (notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 701.10 Td (were ) Tj ET Q q 0 0 0 rg BT 75.93 701.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 130.65 701.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 172.57 701.10 Td (into ) Tj ET Q q 0 0 0 rg BT 190.63 701.10 Td (Liberty ) Tj ET Q q 0 0 0 rg BT 222.56 701.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 250.61 701.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 278.10 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.38 701.10 Td (November ) Tj ET Q q 0 0 0 rg BT 333.08 701.10 Td (2017.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 665.10 Td (17. INVENT) Tj ET Q q 0 0 0 rg BT 112.72 665.10 Td (ORIES) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 608.60 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 608.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 608.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 608.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 580.60 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 580.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 580.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 580.60 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 621.6 m 473.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 621.6 m 557.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 621.6 m 473.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 621.6 m 557.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 566.6 m 473.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 553.6 m 473.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 551.6 m 473.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 566.6 m 557.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 553.6 m 557.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 551.6 m 557.5 551.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.45 634.00 Td (At Mar) Tj ET Q q 0 0 0 rg BT 436.02 634.00 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 625.00 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 634.00 Td (At December) Tj ET Q q 0 0 0 rg BT 537.51 634.00 Td ( 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.00 625.00 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.85 612.86 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 599.06 Td (Raw materials) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 599.06 Td (104,174) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 599.06 Td (99,225) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 585.06 Td (Semi-finished goods) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 585.06 Td (95,502) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 585.06 Td (87,678) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 571.06 Td (Finished goods) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 571.06 Td (226,373) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 571.06 Td (206,862) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 557.05 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 557.05 Td (otal inventories) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.75 557.05 Td (426,049) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 557.05 Td (393,765) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 529.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 529.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.85 529.10 Td (accrual ) Tj ET Q q 0 0 0 rg BT 141.02 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.10 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.62 529.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 208.71 529.10 Td (for ) Tj ET Q q 0 0 0 rg BT 223.67 529.10 Td (slow ) Tj ET Q q 0 0 0 rg BT 245.87 529.10 Td (moving ) Tj ET Q q 0 0 0 rg BT 279.73 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.47 529.10 Td (obsolete ) Tj ET Q q 0 0 0 rg BT 334.10 529.10 Td (inventories ) Tj ET Q q 0 0 0 rg BT 381.84 529.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 429.01 529.10 Td (within ) Tj ET Q q 0 0 0 rg BT 457.87 529.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 477.28 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.92 529.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 511.66 529.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.52 529.10 Td (3,823 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 517.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.11 517.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.61 517.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.55 517.10 Td (1,694 ) Tj ET Q q 0 0 0 rg BT 139.55 517.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.66 517.10 Td ( ) Tj ET Q q 0 0 0 rg BT 178.16 517.10 Td (for ) Tj ET Q q 0 0 0 rg BT 192.32 517.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.03 517.10 Td (three ) Tj ET Q q 0 0 0 rg BT 229.52 517.10 Td (months ) Tj ET Q q 0 0 0 rg BT 261.47 517.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 287.84 517.10 Td (March ) Tj ET Q q 0 0 0 rg BT 316.44 517.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 331.44 517.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.44 517.10 Td ( ) Tj ET Q q 0 0 0 rg BT 353.94 517.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.88 517.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.88 517.10 Td (, ) Tj ET Q q 0 0 0 rg BT 395.88 517.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 443.54 517.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 493.10 Td (18. CURRENT) Tj ET Q q 0 0 0 rg BT 123.27 493.10 Td ( RECEIV) Tj ET Q q 0 0 0 rg BT 163.38 493.10 Td (ABLES ) Tj ET Q q 0 0 0 rg BT 198.12 493.10 Td (AND OTHER CURRENT) Tj ET Q q 0 0 0 rg BT 310.17 493.10 Td ( ) Tj ET Q q 0 0 0 rg BT 312.12 493.10 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 481.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 420.60 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 420.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 420.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 420.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 392.60 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 392.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 392.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 392.60 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 447.6 m 474.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 447.6 m 558.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 447.6 m 474.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 447.6 m 558.5 447.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 378.6 m 474.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 365.6 m 474.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 363.6 m 474.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 378.6 m 558.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 365.6 m 558.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 363.6 m 558.5 363.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.45 461.05 Td (At Mar) Tj ET Q q 0 0 0 rg BT 439.10 461.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 452.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.95 461.05 Td (At December) Tj ET Q q 0 0 0 rg BT 538.51 461.05 Td ( 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.00 452.05 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.85 438.86 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 425.06 Td (T) Tj ET Q q 0 0 0 rg BT 62.18 425.06 Td (rade receivables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.75 425.06 Td (253,953) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 425.06 Td (239,410) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 411.06 Td (Receivables from financing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.75 411.06 Td (721,443) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 411.06 Td (732,947) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 397.06 Td (Current tax receivables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.75 397.06 Td (6,390) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 397.06 Td (6,125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 383.06 Td (Other current assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 383.06 Td (78,428) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 383.06 Td (45,441) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 369.05 Td (T) Tj ET Q q 0 0 0 rg BT 62.18 369.05 Td (otal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.00 369.05 Td (1,060,214) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.00 369.05 Td (1,023,923) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 341.10 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 104.81 341.10 Td (from ) Tj ET Q q 0 0 0 rg BT 127.31 341.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 169.82 341.10 Td (activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 317.10 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 140.81 317.10 Td (from ) Tj ET Q q 0 0 0 rg BT 162.75 317.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 203.01 317.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 241.61 317.10 Td (are ) Tj ET Q q 0 0 0 rg BT 256.32 317.10 Td (as ) Tj ET Q q 0 0 0 rg BT 267.15 317.10 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 256.60 340.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 256.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 256.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 256.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 226.60 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 226.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 226.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 226.60 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 271.6 m 473.5 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 271.6 m 477.5 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 271.6 m 557.5 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 271.6 m 473.5 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 271.6 m 477.5 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 271.6 m 557.5 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 226.60000000000002 m 473.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 226.60000000000002 m 557.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 226.60000000000002 m 473.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 213.60000000000002 m 473.5 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 211.60000000000002 m 473.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 226.60000000000002 m 557.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 213.60000000000002 m 557.5 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 211.60000000000002 m 557.5 211.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.45 285.05 Td (At Mar) Tj ET Q q 0 0 0 rg BT 438.10 285.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.00 276.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 285.05 Td (At December) Tj ET Q q 0 0 0 rg BT 537.51 285.05 Td ( 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.00 276.05 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.35 261.27 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 246.06 Td (Client financing) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 246.06 Td (693,851) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 246.06 Td (704,014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 231.06 Td (Dealer financing) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 231.06 Td (27,592) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 231.06 Td (28,933) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 217.05 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 217.05 Td (otal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.75 217.05 Td (721,443) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 217.05 Td (732,947) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 177.10 Td (19. CURRENT) Tj ET Q q 0 0 0 rg BT 123.27 177.10 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 181.89 177.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.83 177.10 Td (ASSETS ) Tj ET Q q 0 0 0 rg BT 223.03 177.10 Td (AND OTHER FINANCIAL) Tj ET Q q 0 0 0 rg BT 341.93 177.10 Td ( LIABILITIES) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 117.60 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 117.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 117.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 117.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 87.60 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 87.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 87.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 87.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 131.60000000000002 m 453.5 131.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 131.60000000000002 m 557.5 131.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 87.60000000000002 m 453.5 87.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 73.60000000000002 m 453.5 73.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 71.60000000000002 m 453.5 71.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 87.60000000000002 m 557.5 87.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 73.60000000000002 m 557.5 73.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 71.60000000000002 m 557.5 71.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 379.45 145.05 Td (At Mar) Tj ET Q q 0 0 0 rg BT 408.10 145.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.00 136.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.95 145.05 Td (At December) Tj ET Q q 0 0 0 rg BT 527.51 145.05 Td ( 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.00 136.05 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.85 122.06 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 107.06 Td (Financial derivatives) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.75 107.06 Td (7,756) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 107.06 Td (1) Tj ET Q q 0 0 0 rg BT 533.75 107.06 Td (1,686) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 92.06 Td (Other financial assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.75 92.06 Td (7,221) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 92.06 Td (3,997) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 77.05 Td (Curr) Tj ET Q q 0 0 0 rg BT 75.33 77.05 Td (ent financial assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.25 77.05 Td (14,977) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.25 77.05 Td (15,683) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 61.10 Td ( ) Tj ET Q endstream endobj 95 0 obj <> endobj 96 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 713.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 122.38 713.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 159.19 713.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 184.35 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.62 713.10 Td (other ) Tj ET Q q 0 0 0 rg BT 223.00 713.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 259.81 713.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 298.86 713.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 328.46 713.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 352.50 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.10 713.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 392.81 713.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 432.40 713.10 Td (derivatives. ) Tj ET Q q 0 0 0 rg BT 480.47 713.10 Td (The ) Tj ET Q q 0 0 0 rg BT 497.85 713.10 Td (following ) Tj ET Q q 0 0 0 rg BT 538.56 713.10 Td (table ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 701.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 90.94 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.66 701.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 140.37 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.20 701.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 193.68 701.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 219.51 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.45 701.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.17 701.10 Td (at ) Tj ET Q q 0 0 0 rg BT 285.88 701.10 Td (March ) Tj ET Q q 0 0 0 rg BT 314.48 701.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 329.48 701.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.48 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 351.98 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.92 701.10 Td (December ) Tj ET Q q 0 0 0 rg BT 412.51 701.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 427.51 701.10 Td (2017.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 637.60 172.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 637.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 637.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 637.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 637.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 637.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 637.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 637.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 609.60 172.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 609.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 609.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 609.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 609.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 609.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 609.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 609.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 581.60 172.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 581.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 581.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 581.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 581.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 581.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 581.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 581.60 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 664.6 m 305.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 664.6 m 309.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 664.6 m 389.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 664.6 m 473.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 664.6 m 477.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 664.6 m 557.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 650.6 m 305.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 650.6 m 389.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 650.6 m 473.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 650.6 m 557.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 609.6 m 305.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 609.6 m 389.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 609.6 m 473.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 609.6 m 557.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 567.6 m 305.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 567.6 m 389.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 567.6 m 473.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 567.6 m 557.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 554.6 m 305.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 552.6 m 305.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 554.6 m 389.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 552.6 m 389.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 554.6 m 473.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 552.6 m 473.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 567.6 m 557.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 554.6 m 557.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 552.6 m 557.5 552.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.30 669.05 Td (At Mar) Tj ET Q q 0 0 0 rg BT 301.95 669.05 Td (ch 31, 2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.80 669.05 Td (At December) Tj ET Q q 0 0 0 rg BT 485.36 669.05 Td ( 31, 2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 230.55 655.05 Td (Positivefair) Tj ET Q q 0 0 0 rg BT 276.70 655.05 Td ( value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 312.80 655.05 Td (Negativefair) Tj ET Q q 0 0 0 rg BT 362.45 655.05 Td ( value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.55 655.05 Td (Positivefair) Tj ET Q q 0 0 0 rg BT 444.70 655.05 Td ( value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.80 655.05 Td (Negativefair) Tj ET Q q 0 0 0 rg BT 530.37 655.05 Td ( value) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.35 641.86 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 628.06 Td (Cash flow hedge:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 614.06 Td (Foreign currency forwards) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.75 614.06 Td (4,996) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.75 614.06 Td (\(2,689) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 614.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.75 614.06 Td (8,848) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 614.06 Td (\(1,136) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 614.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 600.05 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 600.05 Td (otal cash flow hedges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 281.75 600.05 Td (4,996) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.75 600.05 Td (\(2,689) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.00 600.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.75 600.05 Td (8,848) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.75 600.05 Td (\(1,136) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.00 600.05 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 586.06 Td (Other foreign exchange derivatives) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.50 586.06 Td (316) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.50 586.06 Td (\(685) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 586.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.75 586.06 Td (1,729) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.50 586.06 Td (\(308) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 586.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 572.06 Td (Interest rate caps) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.75 572.06 Td (2,444) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 377.00 572.05 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.75 572.06 Td (1,109) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.00 572.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 558.05 Td (Financial derivatives) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 281.75 558.05 Td (7,756) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.75 558.05 Td (\(3,374) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.00 558.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 445.25 558.05 Td (1) Tj ET Q q 0 0 0 rg BT 449.75 558.05 Td (1,686) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.75 558.05 Td (\(1,444) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 554.00 558.05 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 530.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 530.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 116.34 530.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 148.78 530.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 190.10 530.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 237.54 530.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 263.31 530.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.65 530.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 307.10 530.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 345.64 530.10 Td (forwards ) Tj ET Q q 0 0 0 rg BT 384.75 530.10 Td (which ) Tj ET Q q 0 0 0 rg BT 412.75 530.10 Td (do ) Tj ET Q q 0 0 0 rg BT 426.32 530.10 Td (not ) Tj ET Q q 0 0 0 rg BT 442.67 530.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 465.67 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.45 530.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 537.22 530.10 Td (to ) Tj ET Q q 0 0 0 rg BT 548.56 530.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 518.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 100.06 518.10 Td (as ) Tj ET Q q 0 0 0 rg BT 110.59 518.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 130.56 518.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 151.09 518.10 Td (hedges. ) Tj ET Q q 0 0 0 rg BT 183.55 518.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 215.74 518.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 232.92 518.10 Td (caps ) Tj ET Q q 0 0 0 rg BT 252.89 518.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 277.29 518.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.27 518.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 329.45 518.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 378.31 518.10 Td (we ) Tj ET Q q 0 0 0 rg BT 392.17 518.10 Td (are ) Tj ET Q q 0 0 0 rg BT 406.57 518.10 Td (required ) Tj ET Q q 0 0 0 rg BT 442.09 518.10 Td (to ) Tj ET Q q 0 0 0 rg BT 452.07 518.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 474.25 518.10 Td (into ) Tj ET Q q 0 0 0 rg BT 492.00 518.10 Td (as ) Tj ET Q q 0 0 0 rg BT 502.53 518.10 Td (part ) Tj ET Q q 0 0 0 rg BT 520.28 518.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.81 518.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 506.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 506.10 Td (our ) Tj ET Q q 0 0 0 rg BT 80.66 506.10 Td (securitization ) Tj ET Q q 0 0 0 rg BT 137.03 506.10 Td (agreements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 482.10 Td (20. ) Tj ET Q q 0 0 0 rg BT 69.00 482.10 Td ( ) Tj ET Q q 0 0 0 rg BT 71.50 482.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.00 482.10 Td (EQUITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 458.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 90.00 458.10 Td (Share ) Tj ET Q q 0 0 0 rg BT 116.95 458.10 Td (capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 434.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 434.10 Td (At ) Tj ET Q q 0 0 0 rg BT 103.38 434.10 Td (March ) Tj ET Q q 0 0 0 rg BT 132.86 434.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 148.74 434.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 172.12 434.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.94 434.10 Td (December ) Tj ET Q q 0 0 0 rg BT 234.40 434.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 250.28 434.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 273.66 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.26 434.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 311.53 434.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 332.13 434.10 Td (up ) Tj ET Q q 0 0 0 rg BT 345.51 434.10 Td (share ) Tj ET Q q 0 0 0 rg BT 369.98 434.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 400.02 434.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.73 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.32 434.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 469.59 434.10 Td (was ) Tj ET Q q 0 0 0 rg BT 488.52 434.10 Td (2,504 ) Tj ET Q q 0 0 0 rg BT 519.40 434.10 Td (thousand, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 422.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 96.46 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.69 422.10 Td (193,923,499 ) Tj ET Q q 0 0 0 rg BT 158.59 422.10 Td (common ) Tj ET Q q 0 0 0 rg BT 195.49 422.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 222.38 422.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.72 422.10 Td (56,497,618 ) Tj ET Q q 0 0 0 rg BT 285.62 422.10 Td (special ) Tj ET Q q 0 0 0 rg BT 315.29 422.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 342.75 422.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 372.14 422.10 Td (all ) Tj ET Q q 0 0 0 rg BT 384.04 422.10 Td (with ) Tj ET Q q 0 0 0 rg BT 403.72 422.10 Td (a ) Tj ET Q q 0 0 0 rg BT 410.06 422.10 Td (nominal ) Tj ET Q q 0 0 0 rg BT 444.73 422.10 Td (value ) Tj ET Q q 0 0 0 rg BT 468.29 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.52 422.10 Td (0.01. ) Tj ET Q q 0 0 0 rg BT 505.00 422.10 Td (At ) Tj ET Q q 0 0 0 rg BT 516.91 422.10 Td (March31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 410.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 78.54 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.79 410.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.71 410.10 Td (had ) Tj ET Q q 0 0 0 rg BT 150.18 410.10 Td (5,277,481 ) Tj ET Q q 0 0 0 rg BT 192.22 410.10 Td (common ) Tj ET Q q 0 0 0 rg BT 229.25 410.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 256.27 410.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.75 410.10 Td (4,674 ) Tj ET Q q 0 0 0 rg BT 297.28 410.10 Td (special ) Tj ET Q q 0 0 0 rg BT 327.08 410.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 354.67 410.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 381.70 410.10 Td (held ) Tj ET Q q 0 0 0 rg BT 400.95 410.10 Td (in ) Tj ET Q q 0 0 0 rg BT 410.76 410.10 Td (treasury) Tj ET Q q 0 0 0 rg BT 442.32 410.10 Td (, ) Tj ET Q q 0 0 0 rg BT 446.86 410.10 Td (while ) Tj ET Q q 0 0 0 rg BT 471.11 410.10 Td (at ) Tj ET Q q 0 0 0 rg BT 480.36 410.10 Td (December ) Tj ET Q q 0 0 0 rg BT 523.48 410.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 538.01 410.10 Td (2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.90 398.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.47 398.10 Td (had ) Tj ET Q q 0 0 0 rg BT 127.59 398.10 Td (4,969,625 ) Tj ET Q q 0 0 0 rg BT 170.27 398.10 Td (common ) Tj ET Q q 0 0 0 rg BT 207.95 398.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 235.63 398.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.75 398.10 Td (4,099 ) Tj ET Q q 0 0 0 rg BT 277.93 398.10 Td (special ) Tj ET Q q 0 0 0 rg BT 308.38 398.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 336.62 398.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 364.29 398.10 Td (held ) Tj ET Q q 0 0 0 rg BT 384.19 398.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.65 398.10 Td (treasury) Tj ET Q q 0 0 0 rg BT 426.21 398.10 Td (. ) Tj ET Q q 0 0 0 rg BT 431.20 398.10 Td (The ) Tj ET Q q 0 0 0 rg BT 449.43 398.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 484.87 398.10 Td (in ) Tj ET Q q 0 0 0 rg BT 495.33 398.10 Td (common ) Tj ET Q q 0 0 0 rg BT 533.01 398.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 386.10 Td (held ) Tj ET Q q 0 0 0 rg BT 73.72 386.10 Td (in ) Tj ET Q q 0 0 0 rg BT 84.00 386.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 118.70 386.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 150.63 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.34 386.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 211.15 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.98 386.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 249.47 386.10 Td (by ) Tj ET Q q 0 0 0 rg BT 261.97 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.69 386.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 318.07 386.10 Td (through ) Tj ET Q q 0 0 0 rg BT 351.68 386.10 Td (its ) Tj ET Q q 0 0 0 rg BT 363.63 386.10 Td (share ) Tj ET Q q 0 0 0 rg BT 387.23 386.10 Td (buyback ) Tj ET Q q 0 0 0 rg BT 423.60 386.10 Td (program.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 362.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 362.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.28 362.10 Td (following ) Tj ET Q q 0 0 0 rg BT 149.89 362.10 Td (table ) Tj ET Q q 0 0 0 rg BT 172.06 362.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 222.55 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.50 362.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 272.43 362.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.94 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.89 362.10 Td (number ) Tj ET Q q 0 0 0 rg BT 331.16 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.22 362.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 391.62 362.10 Td (common ) Tj ET Q q 0 0 0 rg BT 429.34 362.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 457.06 362.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.23 362.10 Td (special ) Tj ET Q q 0 0 0 rg BT 504.72 362.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 533.01 362.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.55 350.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 120.93 350.10 Td (for ) Tj ET Q q 0 0 0 rg BT 135.09 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.81 350.10 Td (three ) Tj ET Q q 0 0 0 rg BT 172.30 350.10 Td (months ) Tj ET Q q 0 0 0 rg BT 204.24 350.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 230.62 350.10 Td (March ) Tj ET Q q 0 0 0 rg BT 259.22 350.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 274.22 350.10 Td (2018:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 312.60 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 312.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 312.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 312.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 312.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 312.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 282.60 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 282.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 282.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 282.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 282.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 282.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 312.6 m 349.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 312.6 m 453.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 312.6 m 557.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 267.6 m 349.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 267.6 m 453.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 267.6 m 557.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 267.6 m 349.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 253.60000000000002 m 349.5 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 251.60000000000002 m 349.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 267.6 m 453.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 253.60000000000002 m 453.5 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 251.60000000000002 m 453.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 267.6 m 557.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 253.60000000000002 m 557.5 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 251.60000000000002 m 557.5 251.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 267.20 317.05 Td (Common Shar) Tj ET Q q 0 0 0 rg BT 323.37 317.05 Td (es) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 361.55 317.05 Td (Special ) Tj ET Q q 0 0 0 rg BT 391.22 317.05 Td (V) Tj ET Q q 0 0 0 rg BT 397.22 317.05 Td (oting Shar) Tj ET Q q 0 0 0 rg BT 436.99 317.05 Td (es) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 497.15 317.05 Td (T) Tj ET Q q 0 0 0 rg BT 502.33 317.05 Td (otal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 302.05 Td (Balance at December) Tj ET Q q 0 0 0 rg BT 137.31 302.05 Td ( 31, 2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.00 302.05 Td (188,953,874) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.50 302.05 Td (56,493,519) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.00 302.05 Td (245,447,393) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 287.06 Td (Shares repurchased under share buyback program) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 235.18 291.14 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.75 287.06 Td (\(307,856) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.00 287.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.00 287.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.75 287.06 Td (\(307,856) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 287.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 272.06 Td (Other changes) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 107.73 276.14 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.00 272.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.50 272.06 Td (\(575) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 272.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.50 272.06 Td (\(575) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 272.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 257.05 Td (Balance at Mar) Tj ET Q q 0 0 0 rg BT 115.32 257.05 Td (ch 31, 2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.00 257.05 Td (188,646,018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.50 257.05 Td (56,492,944) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.00 257.05 Td (245,138,962) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 241.10 Td (_____________________________) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 231.50 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 72.00 231.50 Td (Includes ) Tj ET Q q 0 0 0 rg BT 101.10 231.50 Td (shar) Tj ET Q q 0 0 0 rg BT 115.03 231.50 Td (es ) Tj ET Q q 0 0 0 rg BT 123.70 231.50 Td (r) Tj ET Q q 0 0 0 rg BT 126.51 231.50 Td (epur) Tj ET Q q 0 0 0 rg BT 140.88 231.50 Td (chased ) Tj ET Q q 0 0 0 rg BT 165.09 231.50 Td (between ) Tj ET Q q 0 0 0 rg BT 193.30 231.50 Td (January ) Tj ET Q q 0 0 0 rg BT 221.52 231.50 Td (1, ) Tj ET Q q 0 0 0 rg BT 229.52 231.50 Td (2018 ) Tj ET Q q 0 0 0 rg BT 247.52 231.50 Td (and ) Tj ET Q q 0 0 0 rg BT 261.52 231.50 Td (Mar) Tj ET Q q 0 0 0 rg BT 275.00 231.50 Td (ch ) Tj ET Q q 0 0 0 rg BT 284.55 231.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 296.55 231.50 Td (2018 ) Tj ET Q q 0 0 0 rg BT 314.55 231.50 Td (based ) Tj ET Q q 0 0 0 rg BT 335.21 231.50 Td (on ) Tj ET Q q 0 0 0 rg BT 345.21 231.50 Td (the ) Tj ET Q q 0 0 0 rg BT 356.99 231.50 Td (transaction ) Tj ET Q q 0 0 0 rg BT 395.43 231.50 Td (trade ) Tj ET Q q 0 0 0 rg BT 414.32 231.50 Td (date.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 218.90 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 65.33 218.90 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 218.90 Td (Relates ) Tj ET Q q 0 0 0 rg BT 97.55 218.90 Td (to ) Tj ET Q q 0 0 0 rg BT 105.77 218.90 Td (the ) Tj ET Q q 0 0 0 rg BT 117.54 218.90 Td (der) Tj ET Q q 0 0 0 rg BT 127.91 218.90 Td (egistration ) Tj ET Q q 0 0 0 rg BT 164.58 218.90 Td (of ) Tj ET Q q 0 0 0 rg BT 172.80 218.90 Td (special ) Tj ET Q q 0 0 0 rg BT 197.46 218.90 Td (voting ) Tj ET Q q 0 0 0 rg BT 219.46 218.90 Td (shar) Tj ET Q q 0 0 0 rg BT 233.39 218.90 Td (es ) Tj ET Q q 0 0 0 rg BT 242.05 218.90 Td (fr) Tj ET Q q 0 0 0 rg BT 247.09 218.90 Td (om ) Tj ET Q q 0 0 0 rg BT 258.87 218.90 Td (the ) Tj ET Q q 0 0 0 rg BT 270.64 218.90 Td (loyalty ) Tj ET Q q 0 0 0 rg BT 294.41 218.90 Td (r) Tj ET Q q 0 0 0 rg BT 297.23 218.90 Td (egister) Tj ET Q q 0 0 0 rg BT 318.11 218.90 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 179.90 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 90.00 179.90 Td (The ) Tj ET Q q 0 0 0 rg BT 108.61 179.90 Td (loyalty ) Tj ET Q q 0 0 0 rg BT 138.32 179.90 Td (voting ) Tj ET Q q 0 0 0 rg BT 166.38 179.90 Td (structure) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 155.90 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 155.90 Td (The ) Tj ET Q q 0 0 0 rg BT 108.13 155.90 Td (purpose ) Tj ET Q q 0 0 0 rg BT 142.37 155.90 Td (of ) Tj ET Q q 0 0 0 rg BT 153.28 155.90 Td (the ) Tj ET Q q 0 0 0 rg BT 168.07 155.90 Td (loyalty ) Tj ET Q q 0 0 0 rg BT 198.43 155.90 Td (voting ) Tj ET Q q 0 0 0 rg BT 226.56 155.90 Td (structure ) Tj ET Q q 0 0 0 rg BT 264.13 155.90 Td (is ) Tj ET Q q 0 0 0 rg BT 273.38 155.90 Td (to ) Tj ET Q q 0 0 0 rg BT 283.73 155.90 Td (reward ) Tj ET Q q 0 0 0 rg BT 314.07 155.90 Td (ownership ) Tj ET Q q 0 0 0 rg BT 358.31 155.90 Td (of ) Tj ET Q q 0 0 0 rg BT 369.22 155.90 Td (the ) Tj ET Q q 0 0 0 rg BT 384.02 155.90 Td (Company) Tj ET Q q 0 0 0 rg BT 425.68 155.90 Td (s ) Tj ET Q q 0 0 0 rg BT 432.15 155.90 Td (common ) Tj ET Q q 0 0 0 rg BT 469.73 155.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 497.30 155.90 Td (and ) Tj ET Q q 0 0 0 rg BT 514.32 155.90 Td (to ) Tj ET Q q 0 0 0 rg BT 524.67 155.90 Td (promote ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 143.90 Td (stability ) Tj ET Q q 0 0 0 rg BT 89.34 143.90 Td (of ) Tj ET Q q 0 0 0 rg BT 100.79 143.90 Td (the ) Tj ET Q q 0 0 0 rg BT 116.13 143.90 Td (Company) Tj ET Q q 0 0 0 rg BT 157.80 143.90 Td (s ) Tj ET Q q 0 0 0 rg BT 164.81 143.90 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 214.58 143.90 Td (base ) Tj ET Q q 0 0 0 rg BT 235.47 143.90 Td (by ) Tj ET Q q 0 0 0 rg BT 248.59 143.90 Td (granting ) Tj ET Q q 0 0 0 rg BT 285.04 143.90 Td (long-term ) Tj ET Q q 0 0 0 rg BT 327.59 143.90 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 381.25 143.90 Td (of ) Tj ET Q q 0 0 0 rg BT 392.70 143.90 Td (the ) Tj ET Q q 0 0 0 rg BT 408.04 143.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 450.05 143.90 Td (with ) Tj ET Q q 0 0 0 rg BT 470.95 143.90 Td (special ) Tj ET Q q 0 0 0 rg BT 501.83 143.90 Td (voting ) Tj ET Q q 0 0 0 rg BT 530.51 143.90 Td (shares. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 131.90 Td (Exor ) Tj ET Q q 0 0 0 rg BT 75.96 131.90 Td (N.V) Tj ET Q q 0 0 0 rg BT 91.61 131.90 Td (. ) Tj ET Q q 0 0 0 rg BT 96.63 131.90 Td (\(Exor\) ) Tj ET Q q 0 0 0 rg BT 134.13 131.90 Td (and ) Tj ET Q q 0 0 0 rg BT 151.09 131.90 Td (Piero ) Tj ET Q q 0 0 0 rg BT 174.72 131.90 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 204.45 131.90 Td (participate ) Tj ET Q q 0 0 0 rg BT 249.17 131.90 Td (in ) Tj ET Q q 0 0 0 rg BT 259.47 131.90 Td (the ) Tj ET Q q 0 0 0 rg BT 274.20 131.90 Td (Company) Tj ET Q q 0 0 0 rg BT 315.87 131.90 Td (s ) Tj ET Q q 0 0 0 rg BT 322.28 131.90 Td (loyalty ) Tj ET Q q 0 0 0 rg BT 352.58 131.90 Td (voting ) Tj ET Q q 0 0 0 rg BT 380.65 131.90 Td (program ) Tj ET Q q 0 0 0 rg BT 417.05 131.90 Td (and, ) Tj ET Q q 0 0 0 rg BT 436.51 131.90 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 477.62 131.90 Td (ef) Tj ET Q q 0 0 0 rg BT 485.20 131.90 Td (fectively ) Tj ET Q q 0 0 0 rg BT 522.71 131.90 Td (hold ) Tj ET Q q 0 0 0 rg BT 543.00 131.90 Td (two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 119.90 Td (votes ) Tj ET Q q 0 0 0 rg BT 77.31 119.90 Td (for ) Tj ET Q q 0 0 0 rg BT 91.17 119.90 Td (each ) Tj ET Q q 0 0 0 rg BT 111.69 119.90 Td (of ) Tj ET Q q 0 0 0 rg BT 122.22 119.90 Td (the ) Tj ET Q q 0 0 0 rg BT 136.64 119.90 Td (common ) Tj ET Q q 0 0 0 rg BT 173.84 119.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 201.03 119.90 Td (they ) Tj ET Q q 0 0 0 rg BT 220.45 119.90 Td (hold. ) Tj ET Q q 0 0 0 rg BT 242.93 119.90 Td (Investors ) Tj ET Q q 0 0 0 rg BT 281.79 119.90 Td (who ) Tj ET Q q 0 0 0 rg BT 301.22 119.90 Td (purchased ) Tj ET Q q 0 0 0 rg BT 343.96 119.90 Td (common ) Tj ET Q q 0 0 0 rg BT 381.15 119.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 408.35 119.90 Td (in ) Tj ET Q q 0 0 0 rg BT 418.33 119.90 Td (the ) Tj ET Q q 0 0 0 rg BT 432.75 119.90 Td (initial ) Tj ET Q q 0 0 0 rg BT 458.28 119.90 Td (public ) Tj ET Q q 0 0 0 rg BT 485.47 119.90 Td (of) Tj ET Q q 0 0 0 rg BT 493.62 119.90 Td (fering ) Tj ET Q q 0 0 0 rg BT 519.70 119.90 Td (may ) Tj ET Q q 0 0 0 rg BT 539.12 119.90 Td (elect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 107.90 Td (to ) Tj ET Q q 0 0 0 rg BT 64.51 107.90 Td (participate ) Tj ET Q q 0 0 0 rg BT 109.44 107.90 Td (in ) Tj ET Q q 0 0 0 rg BT 119.95 107.90 Td (the ) Tj ET Q q 0 0 0 rg BT 134.90 107.90 Td (loyalty ) Tj ET Q q 0 0 0 rg BT 165.40 107.90 Td (voting ) Tj ET Q q 0 0 0 rg BT 193.69 107.90 Td (program ) Tj ET Q q 0 0 0 rg BT 230.30 107.90 Td (by ) Tj ET Q q 0 0 0 rg BT 243.03 107.90 Td (registering ) Tj ET Q q 0 0 0 rg BT 288.53 107.90 Td (their ) Tj ET Q q 0 0 0 rg BT 309.59 107.90 Td (common ) Tj ET Q q 0 0 0 rg BT 347.31 107.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 375.04 107.90 Td (in ) Tj ET Q q 0 0 0 rg BT 385.55 107.90 Td (the ) Tj ET Q q 0 0 0 rg BT 400.49 107.90 Td (loyalty ) Tj ET Q q 0 0 0 rg BT 431.00 107.90 Td (share ) Tj ET Q q 0 0 0 rg BT 454.83 107.90 Td (register ) Tj ET Q q 0 0 0 rg BT 487.55 107.90 Td (and ) Tj ET Q q 0 0 0 rg BT 504.72 107.90 Td (holding ) Tj ET Q q 0 0 0 rg BT 538.01 107.90 Td (them ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 95.90 Td (for ) Tj ET Q q 0 0 0 rg BT 67.97 95.90 Td (three ) Tj ET Q q 0 0 0 rg BT 90.27 95.90 Td (years. ) Tj ET Q q 0 0 0 rg BT 116.02 95.90 Td (The ) Tj ET Q q 0 0 0 rg BT 133.88 95.90 Td (loyalty ) Tj ET Q q 0 0 0 rg BT 163.96 95.90 Td (voting ) Tj ET Q q 0 0 0 rg BT 191.83 95.90 Td (program ) Tj ET Q q 0 0 0 rg BT 228.02 95.90 Td (will ) Tj ET Q q 0 0 0 rg BT 245.90 95.90 Td (be ) Tj ET Q q 0 0 0 rg BT 257.65 95.90 Td (ef) Tj ET Q q 0 0 0 rg BT 265.23 95.90 Td (fected ) Tj ET Q q 0 0 0 rg BT 291.97 95.90 Td (by ) Tj ET Q q 0 0 0 rg BT 304.29 95.90 Td (means ) Tj ET Q q 0 0 0 rg BT 332.15 95.90 Td (of ) Tj ET Q q 0 0 0 rg BT 342.79 95.90 Td (the ) Tj ET Q q 0 0 0 rg BT 357.32 95.90 Td (issue ) Tj ET Q q 0 0 0 rg BT 379.63 95.90 Td (of ) Tj ET Q q 0 0 0 rg BT 390.28 95.90 Td (special ) Tj ET Q q 0 0 0 rg BT 420.35 95.90 Td (voting ) Tj ET Q q 0 0 0 rg BT 448.22 95.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 475.53 95.90 Td (to ) Tj ET Q q 0 0 0 rg BT 485.62 95.90 Td (eligible ) Tj ET Q q 0 0 0 rg BT 517.92 95.90 Td (holders ) Tj ET Q q 0 0 0 rg BT 549.68 95.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 83.90 Td (common ) Tj ET Q q 0 0 0 rg BT 91.11 83.90 Td (shares. ) Tj ET Q q 0 0 0 rg BT 120.71 83.90 Td (Each ) Tj ET Q q 0 0 0 rg BT 142.81 83.90 Td (special ) Tj ET Q q 0 0 0 rg BT 172.69 83.90 Td (voting ) Tj ET Q q 0 0 0 rg BT 200.36 83.90 Td (share ) Tj ET Q q 0 0 0 rg BT 223.57 83.90 Td (entitles ) Tj ET Q q 0 0 0 rg BT 254.56 83.90 Td (the ) Tj ET Q q 0 0 0 rg BT 268.89 83.90 Td (holder ) Tj ET Q q 0 0 0 rg BT 296.55 83.90 Td (to ) Tj ET Q q 0 0 0 rg BT 306.45 83.90 Td (exercise ) Tj ET Q q 0 0 0 rg BT 341.31 83.90 Td (one ) Tj ET Q q 0 0 0 rg BT 357.87 83.90 Td (vote ) Tj ET Q q 0 0 0 rg BT 377.20 83.90 Td (at ) Tj ET Q q 0 0 0 rg BT 386.53 83.90 Td (the ) Tj ET Q q 0 0 0 rg BT 400.86 83.90 Td (Company) Tj ET Q q 0 0 0 rg BT 442.52 83.90 Td (s ) Tj ET Q q 0 0 0 rg BT 448.53 83.90 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 501.18 83.90 Td (meeting. ) Tj ET Q q 0 0 0 rg BT 538.00 83.90 Td (Only ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 71.90 Td (a ) Tj ET Q q 0 0 0 rg BT 60.95 71.90 Td (minimal ) Tj ET Q q 0 0 0 rg BT 96.80 71.90 Td (dividend ) Tj ET Q q 0 0 0 rg BT 134.31 71.90 Td (accrues ) Tj ET Q q 0 0 0 rg BT 166.80 71.90 Td (to ) Tj ET Q q 0 0 0 rg BT 177.10 71.90 Td (the ) Tj ET Q q 0 0 0 rg BT 191.83 71.90 Td (special ) Tj ET Q q 0 0 0 rg BT 222.11 71.90 Td (voting ) Tj ET Q q 0 0 0 rg BT 250.18 71.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 277.69 71.90 Td (allocated ) Tj ET Q q 0 0 0 rg BT 316.29 71.90 Td (to ) Tj ET Q q 0 0 0 rg BT 326.59 71.90 Td (a ) Tj ET Q q 0 0 0 rg BT 333.54 71.90 Td (separate ) Tj ET Q q 0 0 0 rg BT 368.81 71.90 Td (special ) Tj ET Q q 0 0 0 rg BT 399.09 71.90 Td (dividend ) Tj ET Q q 0 0 0 rg BT 436.60 71.90 Td (reserve, ) Tj ET Q q 0 0 0 rg BT 470.49 71.90 Td (and ) Tj ET Q q 0 0 0 rg BT 487.44 71.90 Td (the ) Tj ET Q q 0 0 0 rg BT 502.18 71.90 Td (special ) Tj ET Q q 0 0 0 rg BT 532.46 71.90 Td (voting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 59.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 81.17 59.90 Td (do ) Tj ET Q q 0 0 0 rg BT 93.34 59.90 Td (not ) Tj ET Q q 0 0 0 rg BT 108.29 59.90 Td (carry ) Tj ET Q q 0 0 0 rg BT 131.01 59.90 Td (any ) Tj ET Q q 0 0 0 rg BT 147.62 59.90 Td (entitlement ) Tj ET Q q 0 0 0 rg BT 194.78 59.90 Td (to ) Tj ET Q q 0 0 0 rg BT 204.73 59.90 Td (any ) Tj ET Q q 0 0 0 rg BT 221.35 59.90 Td (other ) Tj ET Q q 0 0 0 rg BT 244.07 59.90 Td (reserve ) Tj ET Q q 0 0 0 rg BT 275.11 59.90 Td (of ) Tj ET Q q 0 0 0 rg BT 285.62 59.90 Td (the ) Tj ET Q q 0 0 0 rg BT 300.01 59.90 Td (Group. ) Tj ET Q q 0 0 0 rg BT 330.08 59.90 Td (The ) Tj ET Q q 0 0 0 rg BT 347.80 59.90 Td (special ) Tj ET Q q 0 0 0 rg BT 377.74 59.90 Td (voting ) Tj ET Q q 0 0 0 rg BT 405.47 59.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 432.64 59.90 Td (have ) Tj ET Q q 0 0 0 rg BT 453.69 59.90 Td (only ) Tj ET Q q 0 0 0 rg BT 473.65 59.90 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 519.14 59.90 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 47.90 Td (entitlements ) Tj ET Q q 0 0 0 rg BT 105.38 47.90 Td (and, ) Tj ET Q q 0 0 0 rg BT 124.82 47.90 Td (as ) Tj ET Q q 0 0 0 rg BT 135.65 47.90 Td (a ) Tj ET Q q 0 0 0 rg BT 142.58 47.90 Td (result, ) Tj ET Q q 0 0 0 rg BT 169.80 47.90 Td (do ) Tj ET Q q 0 0 0 rg BT 182.30 47.90 Td (not ) Tj ET Q q 0 0 0 rg BT 197.58 47.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 227.29 47.90 Td (the ) Tj ET Q q 0 0 0 rg BT 242.01 47.90 Td (Company) Tj ET Q q 0 0 0 rg BT 283.67 47.90 Td (s ) Tj ET Q q 0 0 0 rg BT 290.06 47.90 Td (earnings ) Tj ET Q q 0 0 0 rg BT 326.44 47.90 Td (per ) Tj ET Q q 0 0 0 rg BT 341.71 47.90 Td (share ) Tj ET Q q 0 0 0 rg BT 365.31 47.90 Td (calculation.) Tj ET Q endstream endobj 97 0 obj <> endobj 98 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 713.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 701.10 Td (Retained ) Tj ET Q q 0 0 0 rg BT 129.17 701.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 167.79 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.85 701.10 Td (other ) Tj ET Q q 0 0 0 rg BT 210.02 701.10 Td (reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 677.10 Td (Retained ) Tj ET Q q 0 0 0 rg BT 128.29 677.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 164.92 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.10 677.10 Td (other ) Tj ET Q q 0 0 0 rg BT 205.40 677.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 240.91 677.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 276.98 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.95 677.10 Td (share ) Tj ET Q q 0 0 0 rg BT 315.80 677.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 354.65 677.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 386.26 677.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.34 677.10 Td (5,768,544 ) Tj ET Q q 0 0 0 rg BT 445.09 677.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.20 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 483.95 677.10 Td (at ) Tj ET Q q 0 0 0 rg BT 493.92 677.10 Td (March ) Tj ET Q q 0 0 0 rg BT 522.76 677.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 538.01 677.10 Td (2018 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 70.94 665.10 Td (December ) Tj ET Q q 0 0 0 rg BT 114.52 665.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.52 665.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.52 665.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 641.10 Td (At ) Tj ET Q q 0 0 0 rg BT 103.00 641.10 Td (March ) Tj ET Q q 0 0 0 rg BT 132.09 641.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 147.59 641.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 173.09 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.31 641.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 230.19 641.10 Td (has ) Tj ET Q q 0 0 0 rg BT 246.52 641.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 293.38 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 300.82 641.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 348.24 641.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 381.24 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.56 641.10 Td (31,702 ) Tj ET Q q 0 0 0 rg BT 428.06 641.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 467.17 641.10 Td (as ) Tj ET Q q 0 0 0 rg BT 478.50 641.10 Td (an ) Tj ET Q q 0 0 0 rg BT 490.93 641.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 526.68 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 537.46 641.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 88.59 629.10 Td (for ) Tj ET Q q 0 0 0 rg BT 102.09 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.14 629.10 Td (PSU ) Tj ET Q q 0 0 0 rg BT 136.31 629.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 166.47 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.74 629.10 Td (RSU ) Tj ET Q q 0 0 0 rg BT 204.03 629.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 234.18 629.10 Td (under ) Tj ET Q q 0 0 0 rg BT 258.78 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.83 629.10 Td (Group's ) Tj ET Q q 0 0 0 rg BT 305.91 629.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 332.74 629.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 371.22 629.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 390.27 629.10 Td (\(28,179 ) Tj ET Q q 0 0 0 rg BT 427.94 629.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 465.88 629.10 Td (at ) Tj ET Q q 0 0 0 rg BT 474.93 629.10 Td (December ) Tj ET Q q 0 0 0 rg BT 517.85 629.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 532.18 629.10 Td (2017\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.10 Td (See ) Tj ET Q q 0 0 0 rg BT 70.94 617.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 92.88 617.10 Td (21. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 593.10 Td (Equity-settled ) Tj ET Q q 0 0 0 rg BT 147.57 593.10 Td (Non-Executive ) Tj ET Q q 0 0 0 rg BT 209.57 593.10 Td (Directors) Tj ET Q q 0 0 0 rg BT 249.37 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.83 593.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 307.85 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.65 593.10 Td (347 ) Tj ET Q q 0 0 0 rg BT 339.12 593.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 376.69 593.10 Td (was ) Tj ET Q q 0 0 0 rg BT 393.72 593.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 439.05 593.10 Td (as ) Tj ET Q q 0 0 0 rg BT 448.85 593.10 Td (an ) Tj ET Q q 0 0 0 rg BT 459.76 593.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 493.98 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.23 593.10 Td (other ) Tj ET Q q 0 0 0 rg BT 525.24 593.10 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 581.10 Td (for ) Tj ET Q q 0 0 0 rg BT 68.16 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.88 581.10 Td (three ) Tj ET Q q 0 0 0 rg BT 105.36 581.10 Td (months ) Tj ET Q q 0 0 0 rg BT 137.31 581.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 163.69 581.10 Td (March ) Tj ET Q q 0 0 0 rg BT 192.29 581.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 207.29 581.10 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 557.10 Td (On ) Tj ET Q q 0 0 0 rg BT 104.33 557.10 Td (February ) Tj ET Q q 0 0 0 rg BT 142.53 557.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 152.13 557.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 176.74 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.06 557.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 232.05 557.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 277.47 557.10 Td (its ) Tj ET Q q 0 0 0 rg BT 289.02 557.10 Td (intention ) Tj ET Q q 0 0 0 rg BT 326.68 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.56 557.10 Td (launch ) Tj ET Q q 0 0 0 rg BT 365.32 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 371.87 557.10 Td (share ) Tj ET Q q 0 0 0 rg BT 395.07 557.10 Td (buyback ) Tj ET Q q 0 0 0 rg BT 431.05 557.10 Td (program. ) Tj ET Q q 0 0 0 rg BT 469.38 557.10 Td (The ) Tj ET Q q 0 0 0 rg BT 487.03 557.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 528.02 557.10 Td (expects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.72 545.10 Td (program ) Tj ET Q q 0 0 0 rg BT 105.09 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.37 545.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 147.87 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.58 545.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 208.39 545.10 Td (from ) Tj ET Q q 0 0 0 rg BT 230.33 545.10 Td (time ) Tj ET Q q 0 0 0 rg BT 250.60 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.88 545.10 Td (time ) Tj ET Q q 0 0 0 rg BT 281.15 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.98 545.10 Td (up ) Tj ET Q q 0 0 0 rg BT 304.48 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.76 545.10 Td (100 ) Tj ET Q q 0 0 0 rg BT 337.26 545.10 Td (million ) Tj ET Q q 0 0 0 rg BT 368.65 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.93 545.10 Td (common ) Tj ET Q q 0 0 0 rg BT 416.43 545.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 446.24 545.10 Td (The ) Tj ET Q q 0 0 0 rg BT 464.28 545.10 Td (program ) Tj ET Q q 0 0 0 rg BT 500.66 545.10 Td (is ) Tj ET Q q 0 0 0 rg BT 509.83 545.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 546.76 545.10 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 533.10 Td (optimize ) Tj ET Q q 0 0 0 rg BT 91.09 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.41 533.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 134.16 533.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 171.25 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.68 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.00 533.10 Td (Company) Tj ET Q q 0 0 0 rg BT 234.24 533.10 Td (. ) Tj ET Q q 0 0 0 rg BT 238.84 533.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 267.60 533.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 318.01 533.10 Td (may ) Tj ET Q q 0 0 0 rg BT 337.33 533.10 Td (be ) Tj ET Q q 0 0 0 rg BT 348.87 533.10 Td (used ) Tj ET Q q 0 0 0 rg BT 369.30 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.18 533.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 400.72 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.04 533.10 Td (Company) Tj ET Q q 0 0 0 rg BT 456.70 533.10 Td (s ) Tj ET Q q 0 0 0 rg BT 462.70 533.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 509.24 533.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 538.56 533.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.71 521.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 96.21 521.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 135.35 521.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 155.07 521.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 194.77 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.05 521.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 229.50 521.10 Td (As ) Tj ET Q q 0 0 0 rg BT 243.11 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.93 521.10 Td (March ) Tj ET Q q 0 0 0 rg BT 282.53 521.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 297.53 521.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 322.53 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.24 521.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 378.62 521.10 Td (had ) Tj ET Q q 0 0 0 rg BT 395.56 521.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 446.36 521.10 Td (307,856 ) Tj ET Q q 0 0 0 rg BT 481.36 521.10 Td (common ) Tj ET Q q 0 0 0 rg BT 518.85 521.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 546.34 521.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 60.94 509.10 Td (total ) Tj ET Q q 0 0 0 rg BT 81.21 509.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 137.58 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.41 509.10 Td (30,131 ) Tj ET Q q 0 0 0 rg BT 183.41 509.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 222.02 509.10 Td (under ) Tj ET Q q 0 0 0 rg BT 247.29 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.01 509.10 Td (program.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 485.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 90.00 485.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 116.39 485.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 180.55 485.10 Td (\(loss\)/income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 461.10 Td (The following table presents other comprehensive \(loss\)/income:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 385.60 336.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 385.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 385.60 80.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 385.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 385.60 80.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 349.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 349.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 349.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 349.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 349.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 312.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 312.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 312.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 312.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 312.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 284.60 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 284.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 284.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 284.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 284.60 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 427.6 m 473.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 427.6 m 477.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 427.6 m 557.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 427.6 m 473.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 413.6 m 473.5 413.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 427.6 m 477.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 413.6 m 477.5 413.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 427.6 m 557.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 413.6 m 557.5 413.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 413.6 m 473.5 413.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 413.6 m 477.5 413.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 413.6 m 557.5 413.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 363.6 m 473.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 363.6 m 557.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 335.6 m 473.5 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 335.6 m 557.5 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 312.6 m 473.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 298.6 m 473.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 312.6 m 557.5 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 298.6 m 557.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 284.6 m 473.5 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 271.6 m 473.5 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 269.6 m 473.5 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 284.6 m 557.5 284.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 271.6 m 557.5 271.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 269.6 m 557.5 269.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.10 432.05 Td (For) Tj ET Q q 0 0 0 rg BT 417.01 432.05 Td ( the thr) Tj ET Q q 0 0 0 rg BT 445.34 432.05 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 528.42 432.05 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.00 418.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.00 418.05 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 390.06 Td (Gains on cash flow hedging instruments arising during the period ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.50 390.06 Td (151) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 390.06 Td (4,543) Tj ET Q BT /F1 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 62.00 383.10 322.18 -8.18 re f /GS0 gs q 0 0 0 rg BT 62.00 376.86 Td (\(Losses\)/Gains on cash flow hedging instruments reclassified to the consolidated income ) Tj ET Q BT /F1 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 62.00 374.10 34.49 -8.18 re f /GS0 gs q 0 0 0 rg BT 62.00 367.86 Td (statement) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.75 368.06 Td (\(5,521) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.00 368.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 368.06 Td (9,089) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 354.05 Td (\(Losses\)/Gains on cash flow hedging instruments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.75 354.05 Td (\(5,370) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.00 354.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.25 354.05 Td (13,632) Tj ET Q BT /F1 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 62.00 346.30 287.99 -8.18 re f /GS0 gs q 0 0 0 rg BT 62.00 340.06 Td (Exchange dif) Tj ET Q q 0 0 0 rg BT 109.57 340.06 Td (ferences on translating foreign operations arising during the period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.75 340.06 Td (\(1,638) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.00 340.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.50 340.06 Td (\(827) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 340.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 326.05 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 326.05 Td (otal items that may be r) Tj ET Q q 0 0 0 rg BT 152.24 326.05 Td (eclassified to the consolidated income statement in) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 317.05 Td (subsequent periods) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.75 317.05 Td (\(7,008) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.00 317.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.25 317.05 Td (12,805) Tj ET Q BT /F2 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 309.15 154.07 -8.04 re f /GS0 gs q 0 0 0 rg BT 56.00 303.05 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 303.05 Td (otal other) Tj ET Q q 0 0 0 rg BT 98.25 303.05 Td ( compr) Tj ET Q q 0 0 0 rg BT 125.33 303.05 Td (ehensive \(loss\)/income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.75 303.05 Td (\(7,008) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.00 303.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.25 303.05 Td (12,805) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 289.06 Td (Related tax impact) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.75 289.06 Td (1,498) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 289.06 Td (\(3,803) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 289.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 281.15 196.81 -8.04 re f /GS0 gs q 0 0 0 rg BT 56.00 275.05 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 275.05 Td (otal other) Tj ET Q q 0 0 0 rg BT 98.25 275.05 Td ( compr) Tj ET Q q 0 0 0 rg BT 125.33 275.05 Td (ehensive \(loss\)/income, net of tax ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.75 275.05 Td (\(5,510) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.00 275.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.75 275.05 Td (9,002) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 247.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 247.10 Td (Losses ) Tj ET Q q 0 0 0 rg BT 120.49 247.10 Td (on ) Tj ET Q q 0 0 0 rg BT 133.76 247.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 154.80 247.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 176.40 247.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 211.89 247.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 261.83 247.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 292.31 247.10 Td (during ) Tj ET Q q 0 0 0 rg BT 321.69 247.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.18 247.10 Td (three ) Tj ET Q q 0 0 0 rg BT 360.43 247.10 Td (months ) Tj ET Q q 0 0 0 rg BT 393.15 247.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 420.30 247.10 Td (March ) Tj ET Q q 0 0 0 rg BT 449.67 247.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 465.44 247.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.44 247.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.71 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.42 247.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 530.80 247.10 Td (arising ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 235.10 Td (during ) Tj ET Q q 0 0 0 rg BT 82.91 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.94 235.10 Td (three ) Tj ET Q q 0 0 0 rg BT 120.73 235.10 Td (months ) Tj ET Q q 0 0 0 rg BT 152.98 235.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 179.66 235.10 Td (March ) Tj ET Q q 0 0 0 rg BT 208.57 235.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 223.87 235.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 246.68 235.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 271.68 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.27 235.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 317.28 235.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.86 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.88 235.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 359.57 235.10 Td (value ) Tj ET Q q 0 0 0 rg BT 384.03 235.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.16 235.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 437.95 235.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 475.73 235.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 525.20 235.10 Td (used ) Tj ET Q q 0 0 0 rg BT 546.34 235.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 223.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 74.27 223.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 95.10 223.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 129.82 223.10 Td (purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 199.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 199.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.05 199.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 122.76 199.10 Td (ef) Tj ET Q q 0 0 0 rg BT 130.35 199.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 147.84 199.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 180.88 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.16 199.10 Td (other ) Tj ET Q q 0 0 0 rg BT 214.20 199.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 277.24 199.10 Td (income/\(loss\) ) Tj ET Q q 0 0 0 rg BT 334.17 199.10 Td (are ) Tj ET Q q 0 0 0 rg BT 348.88 199.10 Td (as ) Tj ET Q q 0 0 0 rg BT 359.71 199.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 103.60 184.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 103.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 103.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 103.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 103.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 103.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 103.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 103.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 103.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 103.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 103.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 103.60 50.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 174.60000000000002 m 288.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 174.60000000000002 m 292.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 174.60000000000002 m 342.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 174.60000000000002 m 346.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i 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Tf ET q 0 0 0 rg BT 470.00 165.05 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 248.80 144.05 Td (Pr) Tj ET Q q 0 0 0 rg BT 258.21 144.05 Td (e-tax) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 248.20 135.05 Td (balance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 309.90 152.00 Td (T) Tj ET Q q 0 0 0 rg BT 315.49 152.00 Td (ax) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.00 143.00 Td (income/) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.00 134.00 Td (\(expense\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.25 144.05 Td (Net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.20 135.05 Td (balance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.80 144.05 Td (Pr) Tj ET Q q 0 0 0 rg BT 420.21 144.05 Td (e-tax) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.20 135.05 Td (balance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.90 152.00 Td (T) Tj ET Q q 0 0 0 rg BT 477.49 152.00 Td (ax) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.00 143.00 Td (income/) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.00 134.00 Td 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429.50 683.25 Td (a ) Tj ET Q q 0 0 0 rg BT 436.35 683.25 Td (total ) Tj ET Q q 0 0 0 rg BT 456.54 683.25 Td (number ) Tj ET Q q 0 0 0 rg BT 489.50 683.25 Td (of ) Tj ET Q q 0 0 0 rg BT 500.25 683.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.25 Td (687 ) Tj ET Q q 0 0 0 rg BT 70.38 671.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 107.86 671.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 159.76 671.25 Td (share ) Tj ET Q q 0 0 0 rg BT 182.24 671.25 Td (units ) Tj ET Q q 0 0 0 rg BT 203.06 671.25 Td (\(PSUs\) ) Tj ET Q q 0 0 0 rg BT 242.21 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.03 671.25 Td (a ) Tj ET Q q 0 0 0 rg BT 263.84 671.25 Td (total ) Tj ET Q q 0 0 0 rg BT 282.99 671.25 Td (number ) Tj ET Q q 0 0 0 rg BT 314.92 671.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.63 671.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 383.76 671.25 Td (1) Tj ET Q q 0 0 0 rg BT 388.39 671.25 Td (19 ) Tj ET Q q 0 0 0 rg BT 399.77 671.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 437.25 671.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 475.83 671.25 Td (share ) Tj ET Q q 0 0 0 rg BT 498.31 671.25 Td (units ) Tj ET Q q 0 0 0 rg BT 519.13 671.25 Td (\(RSUs\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 659.25 Td (have ) Tj ET Q q 0 0 0 rg BT 75.34 659.25 Td (been ) Tj ET Q q 0 0 0 rg BT 96.67 659.25 Td (awarded. ) Tj ET Q q 0 0 0 rg BT 135.50 659.25 Td ( ) Tj ET Q q 0 0 0 rg BT 137.78 659.25 Td (The ) Tj ET Q q 0 0 0 rg BT 155.79 659.25 Td (grants ) Tj ET Q q 0 0 0 rg BT 182.69 659.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.48 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.15 659.25 Td (PSUs ) Tj ET Q q 0 0 0 rg BT 232.85 659.25 Td (and ) Tj ET Q q 0 0 0 rg BT 249.75 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.43 659.25 Td (RSUs, ) Tj ET Q q 0 0 0 rg BT 292.73 659.25 Td (which ) Tj ET Q q 0 0 0 rg BT 319.63 659.25 Td (each ) Tj ET Q q 0 0 0 rg BT 340.40 659.25 Td (represent ) Tj ET Q q 0 0 0 rg BT 379.51 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.19 659.25 Td (right ) Tj ET Q q 0 0 0 rg BT 415.53 659.25 Td (to ) Tj ET Q q 0 0 0 rg BT 425.77 659.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 457.09 659.25 Td (one ) Tj ET Q q 0 0 0 rg BT 473.99 659.25 Td (common ) Tj ET Q q 0 0 0 rg BT 511.45 659.25 Td (share ) Tj ET Q q 0 0 0 rg BT 535.01 659.25 Td (of ) Tj ET Q q 0 0 0 rg BT 545.80 659.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 647.25 Td (Company) Tj ET Q q 0 0 0 rg BT 92.24 647.25 Td (, ) Tj ET Q q 0 0 0 rg BT 97.24 647.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 121.94 647.25 Td (a ) Tj ET Q q 0 0 0 rg BT 128.88 647.25 Td (five-year ) Tj ET Q q 0 0 0 rg BT 167.47 647.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 220.49 647.25 Td (period ) Tj ET Q q 0 0 0 rg BT 248.54 647.25 Td (from ) Tj ET Q q 0 0 0 rg BT 270.47 647.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 292.97 647.25 Td (to ) Tj ET Q q 0 0 0 rg BT 303.25 647.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 328.25 647.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 370.75 647.25 Td (with ) Tj ET Q q 0 0 0 rg BT 391.03 647.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.74 647.25 Td (Company) Tj ET Q q 0 0 0 rg BT 447.41 647.25 Td (s ) Tj ET Q q 0 0 0 rg BT 453.80 647.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 490.17 647.25 Td (horizon.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 627.25 Td ( ) Tj ET Q q 0 0 0 rg BT 56.22 627.25 Td ( ) Tj ET Q q 0 0 0 rg BT 58.44 627.25 Td ( ) Tj ET Q q 0 0 0 rg BT 60.66 627.25 Td ( ) Tj ET Q q 0 0 0 rg BT 62.88 627.25 Td ( ) Tj ET Q q 0 0 0 rg BT 65.10 627.25 Td ( ) Tj ET Q q 0 0 0 rg BT 67.32 627.25 Td ( ) Tj ET Q q 0 0 0 rg BT 69.53 627.25 Td ( ) Tj ET Q q 0 0 0 rg BT 71.75 627.25 Td ( ) Tj ET Q q 0 0 0 rg BT 73.97 627.25 Td ( ) Tj ET Q q 0 0 0 rg BT 76.19 627.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.41 627.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.63 627.25 Td ( ) Tj ET Q q 0 0 0 rg BT 82.85 627.25 Td ( ) Tj ET Q q 0 0 0 rg BT 84.58 627.25 Td (At ) Tj ET Q q 0 0 0 rg BT 96.80 627.25 Td (March ) Tj ET Q q 0 0 0 rg BT 125.12 627.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 139.84 627.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 164.56 627.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.99 627.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 220.10 627.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 266.18 627.25 Td (a ) Tj ET Q q 0 0 0 rg BT 272.84 627.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 319.48 627.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 351.70 627.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.25 627.25 Td (31,702 ) Tj ET Q q 0 0 0 rg BT 396.97 627.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 435.29 627.25 Td (as ) Tj ET Q q 0 0 0 rg BT 445.84 627.25 Td (an ) Tj ET Q q 0 0 0 rg BT 457.50 627.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 492.48 627.25 Td (to ) Tj ET Q q 0 0 0 rg BT 502.47 627.25 Td (other ) Tj ET Q q 0 0 0 rg BT 525.24 627.25 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 615.25 Td (in ) Tj ET Q q 0 0 0 rg BT 63.44 615.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 90.10 615.25 Td (for ) Tj ET Q q 0 0 0 rg BT 103.43 615.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.31 615.25 Td (PSU ) Tj ET Q q 0 0 0 rg BT 137.32 615.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 167.30 615.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.40 615.25 Td (RSU ) Tj ET Q q 0 0 0 rg BT 204.52 615.25 Td (awards, ) Tj ET Q q 0 0 0 rg BT 237.00 615.25 Td (and ) Tj ET Q q 0 0 0 rg BT 253.11 615.25 Td (had ) Tj ET Q q 0 0 0 rg BT 269.21 615.25 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 324.74 615.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 381.94 615.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 415.81 615.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.81 615.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 485.23 615.25 Td (22,528 ) Tj ET Q q 0 0 0 rg BT 519.39 615.25 Td (thousand. ) Tj ET Q q 0 0 0 rg BT 560.50 615.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 603.25 Td (This ) Tj ET Q q 0 0 0 rg BT 74.28 603.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 108.99 603.25 Td (will ) Tj ET Q q 0 0 0 rg BT 127.04 603.25 Td (be ) Tj ET Q q 0 0 0 rg BT 138.98 603.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 185.34 603.25 Td (over ) Tj ET Q q 0 0 0 rg BT 205.61 603.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.33 603.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 263.37 603.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 294.76 603.25 Td (period ) Tj ET Q q 0 0 0 rg BT 322.80 603.25 Td (until ) Tj ET Q q 0 0 0 rg BT 343.64 603.25 Td (2020.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 583.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 583.25 Td (None ) Tj ET Q q 0 0 0 rg BT 114.20 583.25 Td (of ) Tj ET Q q 0 0 0 rg BT 125.08 583.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.84 583.25 Td (PSU ) Tj ET Q q 0 0 0 rg BT 160.73 583.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 191.59 583.25 Td (or ) Tj ET Q q 0 0 0 rg BT 202.47 583.25 Td (RSU ) Tj ET Q q 0 0 0 rg BT 224.46 583.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 255.33 583.25 Td (were ) Tj ET Q q 0 0 0 rg BT 277.30 583.25 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 314.27 583.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.25 583.25 Td (none ) Tj ET Q q 0 0 0 rg BT 353.23 583.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.11 583.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.87 583.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 428.08 583.25 Td (PSU ) Tj ET Q q 0 0 0 rg BT 448.96 583.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 479.83 583.25 Td (or ) Tj ET Q q 0 0 0 rg BT 490.70 583.25 Td (RSU ) Tj ET Q q 0 0 0 rg BT 512.70 583.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 543.56 583.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 571.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 82.05 571.25 Td (at ) Tj ET Q q 0 0 0 rg BT 91.76 571.25 Td (March ) Tj ET Q q 0 0 0 rg BT 120.36 571.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 135.36 571.25 Td (2018.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 539.25 Td (22. PROVISIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 515.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 515.25 Td (The Group) Tj ET Q q 0 0 0 rg BT 136.38 515.25 Td (s provisions are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 456.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 456.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 456.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 456.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 428.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 428.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 428.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 428.75 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 469.75 m 474.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 469.75 m 558.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 469.75 m 474.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 469.75 m 558.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 414.75 m 474.5 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 401.75 m 474.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 399.75 m 474.5 399.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 414.75 m 558.5 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 401.75 m 558.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 399.75 m 558.5 399.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.45 483.20 Td (At Mar) Tj ET Q q 0 0 0 rg BT 439.10 483.20 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.00 474.20 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.95 483.20 Td (At December) Tj ET Q q 0 0 0 rg BT 538.51 483.20 Td ( 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.00 474.20 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.85 461.01 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 447.21 Td (W) Tj ET Q q 0 0 0 rg BT 64.77 447.21 Td (arranty and recall campaigns provision) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.75 447.21 Td (123,270) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 447.21 Td (123,136) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 433.21 Td (Legal proceedings and disputes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 433.21 Td (34,916) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 433.21 Td (50,375) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 419.21 Td (Other risks) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 419.21 Td (25,360) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 419.21 Td (23,881) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 405.20 Td (T) Tj ET Q q 0 0 0 rg BT 62.18 405.20 Td (otal pr) Tj ET Q q 0 0 0 rg BT 87.76 405.20 Td (ovisions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.75 405.20 Td (183,546) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.75 405.20 Td (197,392) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 377.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 377.25 Td (The provision for other risks are related to disputes and matters which are not subject to legal proceedings, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 365.25 Td (contract related disputes with suppliers, employees and other parties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 341.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 341.25 Td (Movements ) Tj ET Q q 0 0 0 rg BT 139.72 341.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.00 341.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 194.17 341.25 Td (are ) Tj ET Q q 0 0 0 rg BT 208.87 341.25 Td (as ) Tj ET Q q 0 0 0 rg BT 219.70 341.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 289.75 124.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.50 289.75 86.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 289.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 289.75 64.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 289.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 289.75 64.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 289.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 289.75 64.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 289.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 289.75 86.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 252.75 124.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.50 252.75 86.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 252.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 252.75 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 252.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 252.75 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 252.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 252.75 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 252.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 252.75 86.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 302.75 m 263.5 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 302.75 m 331.5 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 302.75 m 399.5 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 302.75 m 467.5 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 302.75 m 557.5 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 238.75 m 263.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 225.75 m 263.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 223.75 m 263.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 238.75 m 331.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 225.75 m 331.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 223.75 m 331.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 238.75 m 399.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 225.75 m 399.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 223.75 m 399.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 238.75 m 467.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 225.75 m 467.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 223.75 m 467.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 238.75 m 557.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 225.75 m 557.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 223.75 m 557.5 223.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 199.85 316.20 Td (Balance at) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 183.70 307.20 Td (December) Tj ET Q q 0 0 0 rg BT 222.59 307.20 Td ( 31, 2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.45 316.20 Td (Additional) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.30 307.20 Td (pr) Tj ET Q q 0 0 0 rg BT 288.22 307.20 Td (ovisions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.75 307.20 Td (Utilization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.80 316.20 Td (T) Tj ET Q q 0 0 0 rg BT 418.47 316.20 Td (ranslation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 414.05 307.20 Td (differ) Tj ET Q q 0 0 0 rg BT 435.46 307.20 Td (ences) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.80 316.20 Td (Balance at Mar) Tj ET Q q 0 0 0 rg BT 539.12 316.20 Td (ch) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 498.25 307.20 Td (31, 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.35 294.01 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 280.21 Td (W) Tj ET Q q 0 0 0 rg BT 63.77 280.21 Td (arranty and recall campaigns ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 271.21 Td (provision) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 230.75 271.21 Td (123,136) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.75 271.21 Td (5,531) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 271.21 Td (\(5,304) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 271.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.00 271.21 Td (\(93) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.00 271.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 271.21 Td (123,270) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 257.21 Td (Legal proceedings and disputes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.25 257.21 Td (50,375) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.75 257.21 Td (1,143) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 257.21 Td (\(16,604) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 257.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 257.21 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 257.21 Td (34,916) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 243.21 Td (Other risks) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.25 243.21 Td (23,881) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.75 243.21 Td (2,025) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.50 243.21 Td (\(197) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 243.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.50 243.21 Td (\(349) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.00 243.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 243.21 Td (25,360) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 229.20 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 229.20 Td (otal pr) Tj ET Q q 0 0 0 rg BT 86.76 229.20 Td (ovisions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 230.75 229.20 Td (197,392) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 307.75 229.20 Td (8,699) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.25 229.20 Td (\(22,105) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.00 229.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.50 229.20 Td (\(440) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.00 229.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 229.20 Td (183,546) 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 0.0784313725490196 0.07450980392156863 0.07450980392156863 rg BT 54.00 201.25 Td ( ) Tj ET Q q 0.0784313725490196 0.07450980392156863 0.07450980392156863 rg BT 90.00 201.25 Td (Utilization ) Tj ET Q q 0.0784313725490196 0.07450980392156863 0.07450980392156863 rg BT 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201.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 459.34 201.25 Td (year) Tj ET Q q 0 0 0 rg BT 476.92 201.25 Td () Tj ET Q q 0 0 0 rg BT 479.70 201.25 Td (s ) Tj ET Q q 0 0 0 rg BT 486.09 201.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 508.02 201.25 Td (dispute.) Tj ET Q endstream endobj 101 0 obj <> endobj 102 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 713.25 Td (23. 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/GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 658.75 m 429.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 658.75 m 489.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 658.75 m 557.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 159.5 658.75 m 222.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 159.5 590.75 m 222.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 159.5 577.75 m 222.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 159.5 575.75 m 222.5 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 590.75 m 289.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 577.75 m 289.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 575.75 m 289.5 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 590.75 m 362.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 577.75 m 362.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 575.75 m 362.5 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 590.75 m 429.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 577.75 m 429.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 575.75 m 429.5 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 590.75 m 489.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 577.75 m 489.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 575.75 m 489.5 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 590.75 m 557.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 577.75 m 557.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 575.75 m 557.5 575.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 170.35 681.20 Td (Balance at) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.30 672.20 Td (December) Tj ET Q q 0 0 0 rg BT 203.19 672.20 Td ( 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 181.50 663.20 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 239.20 681.20 Td ( Pr) Tj ET Q q 0 0 0 rg BT 250.78 681.20 Td (oceeds ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 248.05 672.20 Td (fr) Tj ET Q q 0 0 0 rg BT 254.88 672.20 Td (om ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.55 663.20 Td (borr) Tj ET Q q 0 0 0 rg BT 252.88 663.20 Td (owings ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.85 672.20 Td (Repayments of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.55 663.20 Td (borr) Tj ET Q q 0 0 0 rg BT 322.88 663.20 Td (owings) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.55 681.20 Td (Inter) Tj ET Q q 0 0 0 rg BT 401.88 681.20 Td (est ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.50 672.20 Td (accrued/\(paid\) ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 378.95 663.20 Td (and other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 438.80 672.20 Td (T) Tj ET Q q 0 0 0 rg BT 444.13 672.20 Td (ranslation ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.05 663.20 Td (differ) Tj ET Q q 0 0 0 rg BT 461.38 663.20 Td (ences) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.35 681.20 Td (Balance at) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.80 672.20 Td (Mar) Tj ET Q q 0 0 0 rg BT 522.63 672.20 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.50 663.20 Td (2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.35 650.01 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 637.21 Td (Borrowings from banks ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.25 637.21 Td (38,059) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.00 637.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.00 637.21 Td (\(84) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.00 637.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 637.21 Td (66) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 637.21 Td (\(779) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 637.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.25 637.20 Td (37,262) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 623.21 Td (Bonds) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 183.00 623.21 Td (1,193,517) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.00 623.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.00 623.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 623.21 Td (\(4,712) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 623.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.00 623.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.00 623.20 Td (1,188,805) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 609.21 Td (Securitizations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 189.75 609.21 Td (556,276) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.25 609.21 Td (55,504) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 609.21 Td (\(24,212) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.00 609.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.50 609.21 Td (128) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.25 609.21 Td (\(14,882) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 609.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 609.20 Td (572,814) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 595.21 Td (Other debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.25 595.21 Td (18,329) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.25 595.21 Td (13,767) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.75 595.21 Td (\(8,190) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.00 595.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 595.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 595.21 Td (\(366) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 595.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.25 595.20 Td (23,540) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 581.20 Td (T) Tj ET Q q 0 0 0 rg BT 62.18 581.20 Td (otal debt ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 183.00 581.20 Td (1,806,181) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 261.25 581.20 Td (69,271) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 331.25 581.20 Td (\(32,486) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 359.00 581.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 402.75 581.20 Td (\(4,518) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.00 581.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 458.25 581.20 Td (\(16,027) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.00 581.20 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.00 581.20 Td (1,822,421) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 541.25 Td (Borr) Tj ET Q q 0 0 0 rg BT 72.52 541.25 Td (owings ) Tj ET Q q 0 0 0 rg BT 103.36 541.25 Td (fr) Tj ET Q q 0 0 0 rg BT 109.66 541.25 Td (om ) Tj ET Q q 0 0 0 rg BT 124.38 541.25 Td (banks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 519.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 519.25 Td (Borrowings ) Tj ET Q q 0 0 0 rg BT 140.57 519.25 Td (from ) Tj ET Q q 0 0 0 rg BT 163.36 519.25 Td (banks ) Tj ET Q q 0 0 0 rg BT 190.05 519.25 Td (at ) Tj ET Q q 0 0 0 rg BT 200.62 519.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 245.07 519.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 268.42 519.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 299.54 519.25 Td (relate ) Tj ET Q q 0 0 0 rg BT 325.10 519.25 Td (to ) Tj ET Q q 0 0 0 rg BT 336.23 519.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 374.56 519.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 415.13 519.25 Td (of ) Tj ET Q q 0 0 0 rg BT 426.81 519.25 Td (FFS ) Tj ET Q q 0 0 0 rg BT 446.85 519.25 Td (Inc ) Tj ET Q q 0 0 0 rg BT 462.97 519.25 Td (to ) Tj ET Q q 0 0 0 rg BT 474.10 519.25 Td (support ) Tj ET Q q 0 0 0 rg BT 507.45 519.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.02 519.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 507.25 Td (services ) Tj ET Q q 0 0 0 rg BT 88.82 507.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 135.59 507.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.64 507.25 Td (in ) Tj ET Q q 0 0 0 rg BT 163.03 507.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 203.95 507.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 216.00 507.25 Td (28,477 ) Tj ET Q q 0 0 0 rg BT 251.11 507.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 289.83 507.25 Td (\(29,189 ) Tj ET Q q 0 0 0 rg BT 328.28 507.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 367.00 507.25 Td (at ) Tj ET Q q 0 0 0 rg BT 376.83 507.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 435.52 507.25 Td (2017\) ) Tj ET Q q 0 0 0 rg BT 461.47 507.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 494.62 507.25 Td (to ) Tj ET Q q 0 0 0 rg BT 505.01 507.25 Td (a ) Tj ET Q q 0 0 0 rg BT 512.06 507.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 532.46 507.25 Td (Dollar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 495.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 107.63 495.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 132.38 495.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 162.68 495.25 Td (for ) Tj ET Q q 0 0 0 rg BT 176.32 495.25 Td (up ) Tj ET Q q 0 0 0 rg BT 188.31 495.25 Td (to ) Tj ET Q q 0 0 0 rg BT 198.07 495.25 Td ($50 ) Tj ET Q q 0 0 0 rg BT 215.05 495.25 Td (million ) Tj ET Q q 0 0 0 rg BT 245.92 495.25 Td (\(drawn ) Tj ET Q q 0 0 0 rg BT 276.23 495.25 Td (down ) Tj ET Q q 0 0 0 rg BT 300.43 495.25 Td (for ) Tj ET Q q 0 0 0 rg BT 314.07 495.25 Td ($35 ) Tj ET Q q 0 0 0 rg BT 331.06 495.25 Td (million ) Tj ET Q q 0 0 0 rg BT 361.93 495.25 Td (at ) Tj ET Q q 0 0 0 rg BT 371.13 495.25 Td (March ) Tj ET Q q 0 0 0 rg BT 399.21 495.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 413.69 495.25 Td (2018\) ) Tj ET Q q 0 0 0 rg BT 439.00 495.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.43 495.25 Td (bearing ) Tj ET Q q 0 0 0 rg BT 487.39 495.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 518.81 495.25 Td (at ) Tj ET Q q 0 0 0 rg BT 528.01 495.25 Td (LIBOR ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 483.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 74.18 483.25 Td (a ) Tj ET Q q 0 0 0 rg BT 82.13 483.25 Td (range ) Tj ET Q q 0 0 0 rg BT 107.84 483.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.68 483.25 Td (between ) Tj ET Q q 0 0 0 rg BT 156.51 483.25 Td (65 ) Tj ET Q q 0 0 0 rg BT 170.02 483.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.97 483.25 Td (75 ) Tj ET Q q 0 0 0 rg BT 201.48 483.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 224.99 483.25 Td (points; ) Tj ET Q q 0 0 0 rg BT 255.72 483.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 271.45 483.25 Td (other ) Tj ET Q q 0 0 0 rg BT 295.51 483.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 344.57 483.25 Td (from ) Tj ET Q q 0 0 0 rg BT 367.52 483.25 Td (banks ) Tj ET Q q 0 0 0 rg BT 394.36 483.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.20 483.25 Td (8,785 ) Tj ET Q q 0 0 0 rg BT 437.21 483.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 476.82 483.25 Td (\(8,870 ) Tj ET Q q 0 0 0 rg BT 511.16 483.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 550.78 483.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 471.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 112.58 471.25 Td (2017\) ) Tj ET Q q 0 0 0 rg BT 138.41 471.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 171.46 471.25 Td (to ) Tj ET Q q 0 0 0 rg BT 181.73 471.25 Td (various ) Tj ET Q q 0 0 0 rg BT 213.67 471.25 Td (short ) Tj ET Q q 0 0 0 rg BT 236.17 471.25 Td (and ) Tj ET Q q 0 0 0 rg BT 253.11 471.25 Td (medium ) Tj ET Q q 0 0 0 rg BT 288.38 471.25 Td (term ) Tj ET Q q 0 0 0 rg BT 309.21 471.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 334.47 471.25 Td (facilities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 435.25 Td (The ) Tj ET Q q 0 0 0 rg BT 71.50 435.25 Td (Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 413.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 413.25 Td (On ) Tj ET Q q 0 0 0 rg BT 103.72 413.25 Td (November ) Tj ET Q q 0 0 0 rg BT 147.43 413.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 161.43 413.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 185.42 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.14 413.25 Td (Company) Tj ET Q q 0 0 0 rg BT 237.38 413.25 Td (, ) Tj ET Q q 0 0 0 rg BT 241.38 413.25 Td (as ) Tj ET Q q 0 0 0 rg BT 251.21 413.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 289.36 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.29 413.25 Td (guarantor) Tj ET Q q 0 0 0 rg BT 343.21 413.25 Td (, ) Tj ET Q q 0 0 0 rg BT 347.21 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.14 413.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 391.85 413.25 Td (other ) Tj ET Q q 0 0 0 rg BT 413.89 413.25 Td (members ) Tj ET Q q 0 0 0 rg BT 452.05 413.25 Td (of ) Tj ET Q q 0 0 0 rg BT 461.88 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 475.59 413.25 Td (Group, ) Tj ET Q q 0 0 0 rg BT 505.14 413.25 Td (as ) Tj ET Q q 0 0 0 rg BT 514.97 413.25 Td (borrowers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 401.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 85.89 401.25 Td (into ) Tj ET Q q 0 0 0 rg BT 103.92 401.25 Td (a ) Tj ET Q q 0 0 0 rg BT 110.83 401.25 Td (2.5 ) Tj ET Q q 0 0 0 rg BT 130.80 401.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 159.39 401.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 190.18 401.25 Td (with ) Tj ET Q q 0 0 0 rg BT 210.43 401.25 Td (a ) Tj ET Q q 0 0 0 rg BT 217.33 401.25 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 257.57 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 268.37 401.25 Td (banks ) Tj ET Q q 0 0 0 rg BT 294.17 401.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 312.19 401.25 Td (Facility\). ) Tj ET Q q 0 0 0 rg BT 359.37 401.25 Td (At ) Tj ET Q q 0 0 0 rg BT 371.84 401.25 Td (inception, ) Tj ET Q q 0 0 0 rg BT 414.03 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.71 401.25 Td (Facility ) Tj ET Q q 0 0 0 rg BT 461.74 401.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 505.86 401.25 Td (a ) Tj ET Q q 0 0 0 rg BT 512.77 401.25 Td (bridge ) Tj ET Q q 0 0 0 rg BT 540.79 401.25 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 65.10 389.25 Td (500 ) Tj ET Q q 0 0 0 rg BT 87.87 389.25 Td (million ) Tj ET Q q 0 0 0 rg BT 119.53 389.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 137.85 389.25 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 172.28 389.25 Td (Loan\), ) Tj ET Q q 0 0 0 rg BT 205.87 389.25 Td (a ) Tj ET Q q 0 0 0 rg BT 213.07 389.25 Td (term ) Tj ET Q q 0 0 0 rg BT 234.17 389.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 254.16 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.26 389.25 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 295.53 389.25 Td (million ) Tj ET Q q 0 0 0 rg BT 327.19 389.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 345.51 389.25 Td (T) Tj ET Q q 0 0 0 rg BT 355.36 389.25 Td (erm ) Tj ET Q q 0 0 0 rg BT 373.68 389.25 Td (Loan\) ) Tj ET Q q 0 0 0 rg BT 404.76 389.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.97 389.25 Td (a ) Tj ET Q q 0 0 0 rg BT 429.18 389.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 470.28 389.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 495.81 389.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 526.91 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 538.01 389.25 Td (500 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 377.25 Td (million ) Tj ET Q q 0 0 0 rg BT 85.39 377.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 103.44 377.25 Td (RCF\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 343.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 343.25 Td (In ) Tj ET Q q 0 0 0 rg BT 101.64 343.25 Td (December ) Tj ET Q q 0 0 0 rg BT 146.04 343.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 169.36 343.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.89 343.25 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 215.42 343.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 239.28 343.25 Td (and ) Tj ET Q q 0 0 0 rg BT 256.79 343.25 Td (T) Tj ET Q q 0 0 0 rg BT 262.20 343.25 Td (erm ) Tj ET Q q 0 0 0 rg BT 281.07 343.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 304.93 343.25 Td (were ) Tj ET Q q 0 0 0 rg BT 327.67 343.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 349.87 343.25 Td (drawn ) Tj ET Q q 0 0 0 rg BT 378.18 343.25 Td (down ) Tj ET Q q 0 0 0 rg BT 403.71 343.25 Td (for ) Tj ET Q q 0 0 0 rg BT 418.69 343.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.22 343.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 473.08 343.25 Td (of ) Tj ET Q q 0 0 0 rg BT 484.73 343.25 Td (repaying ) Tj ET Q q 0 0 0 rg BT 523.03 343.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 331.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 93.72 331.25 Td (with ) Tj ET Q q 0 0 0 rg BT 114.00 331.25 Td (FCA, ) Tj ET Q q 0 0 0 rg BT 138.45 331.25 Td (including ) Tj ET Q q 0 0 0 rg BT 178.72 331.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.44 331.25 Td (FCA) Tj ET Q q 0 0 0 rg BT 212.34 331.25 Td ( ) Tj ET Q q 0 0 0 rg BT 214.84 331.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 236.78 331.25 Td (that ) Tj ET Q q 0 0 0 rg BT 254.27 331.25 Td (originated ) Tj ET Q q 0 0 0 rg BT 297.32 331.25 Td (as ) Tj ET Q q 0 0 0 rg BT 308.15 331.25 Td (a ) Tj ET Q q 0 0 0 rg BT 315.08 331.25 Td (result ) Tj ET Q q 0 0 0 rg BT 339.80 331.25 Td (of ) Tj ET Q q 0 0 0 rg BT 350.63 331.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.35 331.25 Td (Restructuring.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 307.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 307.25 Td (In ) Tj ET Q q 0 0 0 rg BT 101.59 307.25 Td (March ) Tj ET Q q 0 0 0 rg BT 130.95 307.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 156.71 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.18 307.25 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 202.66 307.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 226.46 307.25 Td (was ) Tj ET Q q 0 0 0 rg BT 245.28 307.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 267.42 307.25 Td (repaid, ) Tj ET Q q 0 0 0 rg BT 298.17 307.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 338.64 307.25 Td (using ) Tj ET Q q 0 0 0 rg BT 363.57 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.04 307.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 417.84 307.25 Td (from ) Tj ET Q q 0 0 0 rg BT 440.54 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.01 307.25 Td (2023 ) Tj ET Q q 0 0 0 rg BT 479.27 307.25 Td (Bond ) Tj ET Q q 0 0 0 rg BT 504.20 307.25 Td (\(see ) Tj ET Q q 0 0 0 rg BT 523.56 307.25 Td (Bonds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 295.25 Td (below\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 271.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 271.25 Td (In ) Tj ET Q q 0 0 0 rg BT 100.17 271.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 122.00 271.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.27 271.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 160.11 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.16 271.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 214.88 271.25 Td (made ) Tj ET Q q 0 0 0 rg BT 238.37 271.25 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 280.19 271.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 320.35 271.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.63 271.25 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 376.79 271.25 Td (prepayments, ) Tj ET Q q 0 0 0 rg BT 432.21 271.25 Td (funded ) Tj ET Q q 0 0 0 rg BT 461.82 271.25 Td (in ) Tj ET Q q 0 0 0 rg BT 471.43 271.25 Td (part ) Tj ET Q q 0 0 0 rg BT 488.81 271.25 Td (with ) Tj ET Q q 0 0 0 rg BT 508.43 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 522.48 271.25 Td (proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 259.25 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 259.25 Td (the ) Tj ET Q q 0 0 0 rg BT 79.55 259.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 102.05 259.25 Td (Bond, ) Tj ET Q q 0 0 0 rg BT 128.72 259.25 Td (described ) Tj ET Q q 0 0 0 rg BT 169.53 259.25 Td (under ) Tj ET Q q 0 0 0 rg BT 194.80 259.25 Td (Bonds ) Tj ET Q q 0 0 0 rg BT 231.74 259.25 Td (below) Tj ET Q q 0 0 0 rg BT 255.53 259.25 Td (, ) Tj ET Q q 0 0 0 rg BT 260.53 259.25 Td (to ) Tj ET Q q 0 0 0 rg BT 270.81 259.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 292.19 259.25 Td (repay ) Tj ET Q q 0 0 0 rg BT 316.90 259.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.44 259.25 Td (T) Tj ET Q q 0 0 0 rg BT 336.85 259.25 Td (erm ) Tj ET Q q 0 0 0 rg BT 354.89 259.25 Td (Loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 235.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 235.25 Td (At ) Tj ET Q q 0 0 0 rg BT 102.48 235.25 Td (March ) Tj ET Q q 0 0 0 rg BT 131.05 235.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 146.03 235.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 168.51 235.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.42 235.25 Td (at ) Tj ET Q q 0 0 0 rg BT 195.12 235.25 Td (December ) Tj ET Q q 0 0 0 rg BT 238.68 235.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 253.65 235.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 276.13 235.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.83 235.25 Td (RCF ) Tj ET Q q 0 0 0 rg BT 312.20 235.25 Td (was ) Tj ET Q q 0 0 0 rg BT 330.23 235.25 Td (undrawn. ) Tj ET Q q 0 0 0 rg BT 370.20 235.25 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 408.78 235.25 Td (of ) Tj ET Q q 0 0 0 rg BT 419.58 235.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.28 235.25 Td (RCF ) Tj ET Q q 0 0 0 rg BT 455.65 235.25 Td (may ) Tj ET Q q 0 0 0 rg BT 475.35 235.25 Td (be ) Tj ET Q q 0 0 0 rg BT 487.26 235.25 Td (used ) Tj ET Q q 0 0 0 rg BT 508.07 235.25 Td (from ) Tj ET Q q 0 0 0 rg BT 529.99 235.25 Td (time ) Tj ET Q q 0 0 0 rg BT 550.24 235.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 223.25 Td (time ) Tj ET Q q 0 0 0 rg BT 74.30 223.25 Td (for ) Tj ET Q q 0 0 0 rg BT 88.48 223.25 Td (general ) Tj ET Q q 0 0 0 rg BT 120.42 223.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 160.70 223.25 Td (and ) Tj ET Q q 0 0 0 rg BT 177.66 223.25 Td (working ) Tj ET Q q 0 0 0 rg BT 213.51 223.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 242.68 223.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 280.76 223.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.61 223.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.35 223.25 Td (Group. ) Tj ET Q q 0 0 0 rg BT 336.74 223.25 Td (The ) Tj ET Q q 0 0 0 rg BT 354.81 223.25 Td (RCF ) Tj ET Q q 0 0 0 rg BT 376.23 223.25 Td (has ) Tj ET Q q 0 0 0 rg BT 392.08 223.25 Td (a ) Tj ET Q q 0 0 0 rg BT 399.04 223.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 435.45 223.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.30 223.25 Td (five ) Tj ET Q q 0 0 0 rg BT 464.37 223.25 Td (years ) Tj ET Q q 0 0 0 rg BT 487.99 223.25 Td (from ) Tj ET Q q 0 0 0 rg BT 509.95 223.25 Td (inception ) Tj ET Q q 0 0 0 rg BT 549.68 223.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 211.25 Td (the ) Tj ET Q q 0 0 0 rg BT 68.72 211.25 Td (Facility) Tj ET Q q 0 0 0 rg BT 98.62 211.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 199.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 199.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 187.25 Td (Bonds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 165.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 165.25 Td (2023 ) Tj ET Q q 0 0 0 rg BT 112.50 165.25 Td (Bond) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 135.85 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 135.85 Td (On ) Tj ET Q q 0 0 0 rg BT 104.13 135.85 Td (March ) Tj ET Q q 0 0 0 rg BT 132.13 135.85 Td (16, ) Tj ET Q q 0 0 0 rg BT 146.53 135.85 Td (2016, ) Tj ET Q q 0 0 0 rg BT 170.93 135.85 Td (the ) Tj ET Q q 0 0 0 rg BT 185.05 135.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 225.84 135.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 252.75 135.85 Td (1.5 ) Tj ET Q q 0 0 0 rg BT 267.15 135.85 Td (percent ) Tj ET Q q 0 0 0 rg BT 298.48 135.85 Td (coupon ) Tj ET Q q 0 0 0 rg BT 329.82 135.85 Td (notes ) Tj ET Q q 0 0 0 rg BT 352.83 135.85 Td (due ) Tj ET Q q 0 0 0 rg BT 369.17 135.85 Td (March ) Tj ET Q q 0 0 0 rg BT 397.17 135.85 Td (2023, ) Tj ET Q q 0 0 0 rg BT 421.58 135.85 Td (having ) Tj ET Q q 0 0 0 rg BT 450.70 135.85 Td (a ) Tj ET Q q 0 0 0 rg BT 457.04 135.85 Td (principal ) Tj ET Q q 0 0 0 rg BT 494.49 135.85 Td (of ) Tj ET Q q 0 0 0 rg BT 504.72 135.85 Td (500 ) Tj ET Q q 0 0 0 rg BT 526.62 135.85 Td (million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 123.85 Td (The ) Tj ET Q q 0 0 0 rg BT 71.84 123.85 Td (bond ) Tj ET Q q 0 0 0 rg BT 94.14 123.85 Td (was ) Tj ET Q q 0 0 0 rg BT 111.99 123.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 139.29 123.85 Td (at ) Tj ET Q q 0 0 0 rg BT 148.80 123.85 Td (a ) Tj ET Q q 0 0 0 rg BT 155.54 123.85 Td (discount ) Tj ET Q q 0 0 0 rg BT 191.72 123.85 Td (for ) Tj ET Q q 0 0 0 rg BT 205.68 123.85 Td (an ) Tj ET Q q 0 0 0 rg BT 217.42 123.85 Td (issue ) Tj ET Q q 0 0 0 rg BT 239.71 123.85 Td (price ) Tj ET Q q 0 0 0 rg BT 262.00 123.85 Td (of ) Tj ET Q q 0 0 0 rg BT 272.62 123.85 Td (98.977 ) Tj ET Q q 0 0 0 rg BT 302.42 123.85 Td (percent, ) Tj ET Q q 0 0 0 rg BT 336.64 123.85 Td (resulting ) Tj ET Q q 0 0 0 rg BT 373.93 123.85 Td (in ) Tj ET Q q 0 0 0 rg BT 384.01 123.85 Td (net ) Tj ET Q q 0 0 0 rg BT 398.52 123.85 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 436.36 123.85 Td (of ) Tj ET Q q 0 0 0 rg BT 446.99 123.85 Td (490,729 ) Tj ET Q q 0 0 0 rg BT 486.78 123.85 Td (thousand ) Tj ET Q q 0 0 0 rg BT 525.19 123.85 Td (after ) Tj ET Q q 0 0 0 rg BT 545.80 123.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 111.85 Td (debt ) Tj ET Q q 0 0 0 rg BT 73.28 111.85 Td (discount ) Tj ET Q q 0 0 0 rg BT 109.24 111.85 Td (and ) Tj ET Q q 0 0 0 rg BT 125.74 111.85 Td (issuance ) Tj ET Q q 0 0 0 rg BT 161.69 111.85 Td (costs. ) Tj ET Q q 0 0 0 rg BT 186.10 111.85 Td (The ) Tj ET Q q 0 0 0 rg BT 203.72 111.85 Td (net ) Tj ET Q q 0 0 0 rg BT 218.00 111.85 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 255.61 111.85 Td (were ) Tj ET Q q 0 0 0 rg BT 277.10 111.85 Td (used, ) Tj ET Q q 0 0 0 rg BT 300.00 111.85 Td (together ) Tj ET Q q 0 0 0 rg BT 334.83 111.85 Td (with ) Tj ET Q q 0 0 0 rg BT 354.67 111.85 Td (additional ) Tj ET Q q 0 0 0 rg BT 396.73 111.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 416.57 111.85 Td (held ) Tj ET Q q 0 0 0 rg BT 435.85 111.85 Td (by ) Tj ET Q q 0 0 0 rg BT 447.92 111.85 Td (the ) Tj ET Q q 0 0 0 rg BT 462.20 111.85 Td (Company) Tj ET Q q 0 0 0 rg BT 500.44 111.85 Td (, ) Tj ET Q q 0 0 0 rg BT 505.00 111.85 Td (to ) Tj ET Q q 0 0 0 rg BT 514.85 111.85 Td (fully ) Tj ET Q q 0 0 0 rg BT 535.80 111.85 Td (repay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 99.85 Td (the ) Tj ET Q q 0 0 0 rg BT 69.03 99.85 Td (500 ) Tj ET Q q 0 0 0 rg BT 91.85 99.85 Td (million ) Tj ET Q q 0 0 0 rg BT 123.56 99.85 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 153.59 99.85 Td (Loan ) Tj ET Q q 0 0 0 rg BT 176.95 99.85 Td (under ) Tj ET Q q 0 0 0 rg BT 202.54 99.85 Td (the ) Tj ET Q q 0 0 0 rg BT 217.57 99.85 Td (Facility) Tj ET Q q 0 0 0 rg BT 247.47 99.85 Td (. ) Tj ET Q q 0 0 0 rg BT 252.59 99.85 Td (The ) Tj ET Q q 0 0 0 rg BT 270.95 99.85 Td (bond ) Tj ET Q q 0 0 0 rg BT 293.77 99.85 Td (is ) Tj ET Q q 0 0 0 rg BT 303.25 99.85 Td (unrated ) Tj ET Q q 0 0 0 rg BT 336.06 99.85 Td (and ) Tj ET Q q 0 0 0 rg BT 353.31 99.85 Td (was ) Tj ET Q q 0 0 0 rg BT 371.68 99.85 Td (admitted ) Tj ET Q q 0 0 0 rg BT 409.48 99.85 Td (to ) Tj ET Q q 0 0 0 rg BT 420.08 99.85 Td (trading ) Tj ET Q q 0 0 0 rg BT 451.22 99.85 Td (on ) Tj ET Q q 0 0 0 rg BT 464.04 99.85 Td (the ) Tj ET Q q 0 0 0 rg BT 479.07 99.85 Td (regulated ) Tj ET Q q 0 0 0 rg BT 519.09 99.85 Td (market ) Tj ET Q q 0 0 0 rg BT 549.67 99.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 87.85 Td (the ) Tj ET Q q 0 0 0 rg BT 68.82 87.85 Td (Irish ) Tj ET Q q 0 0 0 rg BT 89.75 87.85 Td (Stock ) Tj ET Q q 0 0 0 rg BT 115.13 87.85 Td (Exchange. ) Tj ET Q q 0 0 0 rg BT 159.46 87.85 Td (The ) Tj ET Q q 0 0 0 rg BT 177.61 87.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 210.20 87.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 259.47 87.85 Td (at ) Tj ET Q q 0 0 0 rg BT 269.29 87.85 Td (March ) Tj ET Q q 0 0 0 rg BT 297.98 87.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 313.08 87.85 Td (2018 ) Tj ET Q q 0 0 0 rg BT 335.68 87.85 Td (of ) Tj ET Q q 0 0 0 rg BT 346.61 87.85 Td (493,591 ) Tj ET Q q 0 0 0 rg BT 386.71 87.85 Td (thousand ) Tj ET Q q 0 0 0 rg BT 425.42 87.85 Td (includes ) Tj ET Q q 0 0 0 rg BT 461.35 87.85 Td (accrued ) Tj ET Q q 0 0 0 rg BT 495.03 87.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 527.07 87.85 Td (of ) Tj ET Q q 0 0 0 rg BT 538.00 87.85 Td (313 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 75.85 Td (thousand ) Tj ET Q q 0 0 0 rg BT 92.61 75.85 Td (\(498,894 ) Tj ET Q q 0 0 0 rg BT 135.94 75.85 Td (thousand ) Tj ET Q q 0 0 0 rg BT 174.55 75.85 Td (including ) Tj ET Q q 0 0 0 rg BT 214.82 75.85 Td (5,938 ) Tj ET Q q 0 0 0 rg BT 244.82 75.85 Td (thousand ) Tj ET Q q 0 0 0 rg BT 283.43 75.85 Td (of ) Tj ET Q q 0 0 0 rg BT 294.26 75.85 Td (accrued ) Tj ET Q q 0 0 0 rg BT 327.84 75.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 359.78 75.85 Td (at ) Tj ET Q q 0 0 0 rg BT 369.49 75.85 Td (December ) Tj ET Q q 0 0 0 rg BT 413.08 75.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 428.08 75.85 Td (2017\).) 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rg BT 453.27 683.70 Td (having ) Tj ET Q q 0 0 0 rg BT 482.79 683.70 Td (a ) Tj ET Q q 0 0 0 rg BT 489.53 683.70 Td (principal ) Tj ET Q q 0 0 0 rg BT 527.38 683.70 Td (of ) Tj ET Q q 0 0 0 rg BT 538.01 683.70 Td (700 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 671.70 Td (million. ) Tj ET Q q 0 0 0 rg BT 87.59 671.70 Td (The ) Tj ET Q q 0 0 0 rg BT 105.51 671.70 Td (bond ) Tj ET Q q 0 0 0 rg BT 127.89 671.70 Td (was ) Tj ET Q q 0 0 0 rg BT 145.81 671.70 Td (issued ) Tj ET Q q 0 0 0 rg BT 173.18 671.70 Td (at ) Tj ET Q q 0 0 0 rg BT 182.77 671.70 Td (a ) Tj ET Q q 0 0 0 rg BT 189.59 671.70 Td (discount ) Tj ET Q q 0 0 0 rg BT 225.85 671.70 Td (for ) Tj ET Q q 0 0 0 rg BT 239.88 671.70 Td (an ) Tj ET Q q 0 0 0 rg BT 251.69 671.70 Td (issue ) Tj ET Q q 0 0 0 rg BT 274.06 671.70 Td (price ) Tj ET Q q 0 0 0 rg BT 296.42 671.70 Td (of ) Tj ET Q q 0 0 0 rg BT 307.12 671.70 Td (99.557 ) Tj ET Q q 0 0 0 rg BT 337.00 671.70 Td (percent, ) Tj ET Q q 0 0 0 rg BT 371.29 671.70 Td (resulting ) Tj ET Q q 0 0 0 rg BT 408.66 671.70 Td (in ) Tj ET Q q 0 0 0 rg BT 418.81 671.70 Td (net ) Tj ET Q q 0 0 0 rg BT 433.40 671.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 471.31 671.70 Td (of ) Tj ET Q q 0 0 0 rg BT 482.02 671.70 Td (694,172 ) Tj ET Q q 0 0 0 rg BT 521.89 671.70 Td (thousand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 659.70 Td (after ) Tj ET Q q 0 0 0 rg BT 74.96 659.70 Td (the ) Tj ET Q q 0 0 0 rg BT 89.81 659.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 109.67 659.70 Td (discount ) Tj ET Q q 0 0 0 rg BT 146.20 659.70 Td (and ) Tj ET Q q 0 0 0 rg BT 163.28 659.70 Td (issuance ) Tj ET Q q 0 0 0 rg BT 199.79 659.70 Td (costs. ) Tj ET Q q 0 0 0 rg BT 224.74 659.70 Td (The ) Tj ET Q q 0 0 0 rg BT 242.93 659.70 Td (net ) Tj ET Q q 0 0 0 rg BT 257.79 659.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 295.97 659.70 Td (were ) Tj ET Q q 0 0 0 rg BT 318.04 659.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 357.89 659.70 Td (used ) Tj ET Q q 0 0 0 rg BT 378.86 659.70 Td (to ) Tj ET Q q 0 0 0 rg BT 389.28 659.70 Td (repay ) Tj ET Q q 0 0 0 rg BT 414.13 659.70 Td (the ) Tj ET Q q 0 0 0 rg BT 428.79 659.70 Td (T) Tj ET Q q 0 0 0 rg BT 434.20 659.70 Td (erm ) Tj ET Q q 0 0 0 rg BT 452.39 659.70 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 477.89 659.70 Td (The ) Tj ET Q q 0 0 0 rg BT 496.07 659.70 Td (bond ) Tj ET Q q 0 0 0 rg BT 518.72 659.70 Td (is ) Tj ET Q q 0 0 0 rg BT 528.03 659.70 Td (unrated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 647.70 Td (and ) Tj ET Q q 0 0 0 rg BT 71.16 647.70 Td (was ) Tj ET Q q 0 0 0 rg BT 89.42 647.70 Td (admitted ) Tj ET Q q 0 0 0 rg BT 127.13 647.70 Td (to ) Tj ET Q q 0 0 0 rg BT 137.63 647.70 Td (trading ) Tj ET Q q 0 0 0 rg BT 168.67 647.70 Td (on ) Tj ET Q q 0 0 0 rg BT 181.39 647.70 Td (the ) Tj ET Q q 0 0 0 rg BT 196.32 647.70 Td (regulated ) Tj ET Q q 0 0 0 rg BT 236.24 647.70 Td (market ) Tj ET Q q 0 0 0 rg BT 266.72 647.70 Td (of ) Tj ET Q q 0 0 0 rg BT 277.77 647.70 Td (the ) Tj ET Q q 0 0 0 rg BT 292.70 647.70 Td (Irish ) Tj ET Q q 0 0 0 rg BT 313.75 647.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 339.25 647.70 Td (Exchange. ) Tj ET Q q 0 0 0 rg BT 383.69 647.70 Td (The ) Tj ET Q q 0 0 0 rg BT 401.96 647.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 434.67 647.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 484.05 647.70 Td (at ) Tj ET Q q 0 0 0 rg BT 493.98 647.70 Td (March ) Tj ET Q q 0 0 0 rg BT 522.80 647.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 538.02 647.70 Td (2018 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 635.70 Td (of ) Tj ET Q q 0 0 0 rg BT 63.84 635.70 Td (695,214 ) Tj ET Q q 0 0 0 rg BT 102.85 635.70 Td (thousand ) Tj ET Q q 0 0 0 rg BT 140.46 635.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 175.29 635.70 Td (accrued ) Tj ET Q q 0 0 0 rg BT 207.89 635.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 238.83 635.70 Td (of ) Tj ET Q q 0 0 0 rg BT 248.67 635.70 Td (360 ) Tj ET Q q 0 0 0 rg BT 270.17 635.70 Td (thousand ) Tj ET Q q 0 0 0 rg BT 307.79 635.70 Td (\(694,623 ) Tj ET Q q 0 0 0 rg BT 350.13 635.70 Td (thousand ) Tj ET Q q 0 0 0 rg BT 387.74 635.70 Td (including ) Tj ET Q q 0 0 0 rg BT 427.03 635.70 Td (221 ) Tj ET Q q 0 0 0 rg BT 448.53 635.70 Td (thousand ) Tj ET Q q 0 0 0 rg BT 486.15 635.70 Td (of ) Tj ET Q q 0 0 0 rg BT 495.99 635.70 Td (accrued ) Tj ET Q q 0 0 0 rg BT 528.58 635.70 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 623.70 Td (at ) Tj ET Q q 0 0 0 rg BT 63.72 623.70 Td (December ) Tj ET Q q 0 0 0 rg BT 107.30 623.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 122.30 623.70 Td (2017\).) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 599.70 Td (Securitizations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 577.70 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 577.70 Td (Starting ) Tj ET Q q 0 0 0 rg BT 123.11 577.70 Td (in ) Tj ET Q q 0 0 0 rg BT 132.33 577.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 156.28 577.70 Td (FFS ) Tj ET Q q 0 0 0 rg BT 174.41 577.70 Td (Inc ) Tj ET Q q 0 0 0 rg BT 188.62 577.70 Td (has ) Tj ET Q q 0 0 0 rg BT 203.40 577.70 Td (pursued ) Tj ET Q q 0 0 0 rg BT 236.50 577.70 Td (a ) Tj ET Q q 0 0 0 rg BT 242.39 577.70 Td (strategy ) Tj ET Q q 0 0 0 rg BT 275.49 577.70 Td (of ) Tj ET Q q 0 0 0 rg BT 285.26 577.70 Td (self-financing, ) Tj ET Q q 0 0 0 rg BT 344.74 577.70 Td (further ) Tj ET Q q 0 0 0 rg BT 373.39 577.70 Td (reducing ) Tj ET Q q 0 0 0 rg BT 409.82 577.70 Td (dependency ) Tj ET Q q 0 0 0 rg BT 459.02 577.70 Td (on ) Tj ET Q q 0 0 0 rg BT 470.47 577.70 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 526.89 577.70 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 565.70 Td (and ) Tj ET Q q 0 0 0 rg BT 70.94 565.70 Td (increasing ) Tj ET Q q 0 0 0 rg BT 114.53 565.70 Td (the ) Tj ET Q q 0 0 0 rg BT 129.25 565.70 Td (portion ) Tj ET Q q 0 0 0 rg BT 160.64 565.70 Td (of ) Tj ET Q q 0 0 0 rg BT 171.47 565.70 Td (self-liquidating ) Tj ET Q q 0 0 0 rg BT 235.06 565.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 254.78 565.70 Td (with ) Tj ET Q q 0 0 0 rg BT 275.06 565.70 Td (various ) Tj ET Q q 0 0 0 rg BT 307.00 565.70 Td (securitization ) Tj ET Q q 0 0 0 rg BT 363.37 565.70 Td (transactions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 536.30 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 536.30 Td (On ) Tj ET Q q 0 0 0 rg BT 105.22 536.30 Td (January ) Tj ET Q q 0 0 0 rg BT 139.32 536.30 Td (19, ) Tj ET Q q 0 0 0 rg BT 154.82 536.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 180.32 536.30 Td (FFS ) Tj ET Q q 0 0 0 rg BT 200.00 536.30 Td (Inc ) Tj ET Q q 0 0 0 rg BT 215.77 536.30 Td (entered ) Tj ET Q q 0 0 0 rg BT 248.19 536.30 Td (into ) Tj ET Q q 0 0 0 rg BT 266.75 536.30 Td (a ) Tj ET Q q 0 0 0 rg BT 274.19 536.30 Td (revolving ) Tj ET Q q 0 0 0 rg BT 315.51 536.30 Td (securitization ) Tj ET Q q 0 0 0 rg BT 372.38 536.30 Td (program ) Tj ET Q q 0 0 0 rg BT 409.26 536.30 Td (for ) Tj ET Q q 0 0 0 rg BT 423.92 536.30 Td (funding ) Tj ET Q q 0 0 0 rg BT 458.02 536.30 Td (of ) Tj ET Q q 0 0 0 rg BT 469.35 536.30 Td (up ) Tj ET Q q 0 0 0 rg BT 482.35 536.30 Td (to ) Tj ET Q q 0 0 0 rg BT 493.13 536.30 Td ($250 ) Tj ET Q q 0 0 0 rg BT 516.13 536.30 Td (million ) Tj ET Q q 0 0 0 rg BT 548.02 536.30 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 524.30 Td (pledging ) Tj ET Q q 0 0 0 rg BT 90.65 524.30 Td (retail ) Tj ET Q q 0 0 0 rg BT 112.85 524.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 149.48 524.30 Td (receivables ) Tj ET Q q 0 0 0 rg BT 196.11 524.30 Td (in ) Tj ET Q q 0 0 0 rg BT 205.54 524.30 Td (the ) Tj ET Q q 0 0 0 rg BT 219.41 524.30 Td (United ) Tj ET Q q 0 0 0 rg BT 248.28 524.30 Td (States ) Tj ET Q q 0 0 0 rg BT 273.82 524.30 Td (as ) Tj ET Q q 0 0 0 rg BT 283.81 524.30 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 325.16 524.30 Td (In ) Tj ET Q q 0 0 0 rg BT 335.14 524.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 359.30 524.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 396.49 524.30 Td (from ) Tj ET Q q 0 0 0 rg BT 417.58 524.30 Td (the ) Tj ET Q q 0 0 0 rg BT 431.45 524.30 Td (first ) Tj ET Q q 0 0 0 rg BT 449.21 524.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 466.42 524.30 Td (of ) Tj ET Q q 0 0 0 rg BT 476.40 524.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 513.03 524.30 Td (receivables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 512.30 Td (were ) Tj ET Q q 0 0 0 rg BT 75.10 512.30 Td ($242 ) Tj ET Q q 0 0 0 rg BT 96.77 512.30 Td (million ) Tj ET Q q 0 0 0 rg BT 127.34 512.30 Td (and ) Tj ET Q q 0 0 0 rg BT 143.45 512.30 Td (were ) Tj ET Q q 0 0 0 rg BT 164.55 512.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 203.43 512.30 Td (used ) Tj ET Q q 0 0 0 rg BT 223.44 512.30 Td (to ) Tj ET Q q 0 0 0 rg BT 232.89 512.30 Td (repay ) Tj ET Q q 0 0 0 rg BT 256.77 512.30 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 313.42 512.30 Td (loans. ) Tj ET Q q 0 0 0 rg BT 338.58 512.30 Td (The ) Tj ET Q q 0 0 0 rg BT 355.80 512.30 Td (funding ) Tj ET Q q 0 0 0 rg BT 388.58 512.30 Td (limit ) Tj ET Q q 0 0 0 rg BT 409.14 512.30 Td (of ) Tj ET Q q 0 0 0 rg BT 419.15 512.30 Td (the ) Tj ET Q q 0 0 0 rg BT 433.03 512.30 Td (program ) Tj ET Q q 0 0 0 rg BT 468.58 512.30 Td (has ) Tj ET Q q 0 0 0 rg BT 483.59 512.30 Td (been ) Tj ET Q q 0 0 0 rg BT 504.14 512.30 Td (progressively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 500.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 94.74 500.30 Td (over ) Tj ET Q q 0 0 0 rg BT 115.49 500.30 Td (time, ) Tj ET Q q 0 0 0 rg BT 138.75 500.30 Td (including ) Tj ET Q q 0 0 0 rg BT 179.51 500.30 Td (to ) Tj ET Q q 0 0 0 rg BT 190.27 500.30 Td ($275 ) Tj ET Q q 0 0 0 rg BT 213.26 500.30 Td (million ) Tj ET Q q 0 0 0 rg BT 245.13 500.30 Td (on ) Tj ET Q q 0 0 0 rg BT 258.12 500.30 Td (December ) Tj ET Q q 0 0 0 rg BT 302.19 500.30 Td (16, ) Tj ET Q q 0 0 0 rg BT 317.67 500.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 343.16 500.30 Td (to ) Tj ET Q q 0 0 0 rg BT 353.92 500.30 Td ($325 ) Tj ET Q q 0 0 0 rg BT 376.90 500.30 Td (million ) Tj ET Q q 0 0 0 rg BT 408.78 500.30 Td (on ) Tj ET Q q 0 0 0 rg BT 421.77 500.30 Td (July ) Tj ET Q q 0 0 0 rg BT 441.42 500.30 Td (14, ) Tj ET Q q 0 0 0 rg BT 456.91 500.30 Td (2017, ) Tj ET Q q 0 0 0 rg BT 482.39 500.30 Td (to ) Tj ET Q q 0 0 0 rg BT 493.15 500.30 Td ($350 ) Tj ET Q q 0 0 0 rg BT 516.14 500.30 Td (million ) Tj ET Q q 0 0 0 rg BT 548.02 500.30 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 488.30 Td (December ) Tj ET Q q 0 0 0 rg BT 97.50 488.30 Td (15, ) Tj ET Q q 0 0 0 rg BT 112.41 488.30 Td (2017, ) Tj ET Q q 0 0 0 rg BT 137.32 488.30 Td (and ) Tj ET Q q 0 0 0 rg BT 154.17 488.30 Td (to ) Tj ET Q q 0 0 0 rg BT 164.36 488.30 Td ($375 ) Tj ET Q q 0 0 0 rg BT 186.77 488.30 Td (million ) Tj ET Q q 0 0 0 rg BT 218.07 488.30 Td (on ) Tj ET Q q 0 0 0 rg BT 230.48 488.30 Td (March ) Tj ET Q q 0 0 0 rg BT 258.99 488.30 Td (14, ) Tj ET Q q 0 0 0 rg BT 273.90 488.30 Td (2018. ) Tj ET Q q 0 0 0 rg BT 298.64 488.30 Td (The ) Tj ET Q q 0 0 0 rg BT 316.60 488.30 Td (notes ) Tj ET Q q 0 0 0 rg BT 340.12 488.30 Td (bear ) Tj ET Q q 0 0 0 rg BT 359.73 488.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 391.58 488.30 Td (at ) Tj ET Q q 0 0 0 rg BT 401.21 488.30 Td (a ) Tj ET Q q 0 0 0 rg BT 408.06 488.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 425.45 488.30 Td (per ) Tj ET Q q 0 0 0 rg BT 440.63 488.30 Td (annum ) Tj ET Q q 0 0 0 rg BT 470.26 488.30 Td (equal ) Tj ET Q q 0 0 0 rg BT 494.33 488.30 Td (to ) Tj ET Q q 0 0 0 rg BT 504.52 488.30 Td (the ) Tj ET Q q 0 0 0 rg BT 519.15 488.30 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 476.30 Td (of ) Tj ET Q q 0 0 0 rg BT 64.86 476.30 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 97.39 476.30 Td (plus ) Tj ET Q q 0 0 0 rg BT 116.59 476.30 Td (a ) Tj ET Q q 0 0 0 rg BT 123.56 476.30 Td (mar) Tj ET Q q 0 0 0 rg BT 138.93 476.30 Td (gin ) Tj ET Q q 0 0 0 rg BT 154.24 476.30 Td (of ) Tj ET Q q 0 0 0 rg BT 165.10 476.30 Td (65 ) Tj ET Q q 0 0 0 rg BT 177.63 476.30 Td (basis ) Tj ET Q q 0 0 0 rg BT 200.16 476.30 Td (points. ) Tj ET Q q 0 0 0 rg BT 229.64 476.30 Td ( ) Tj ET Q q 0 0 0 rg BT 231.61 476.30 Td (As ) Tj ET Q q 0 0 0 rg BT 245.25 476.30 Td (of ) Tj ET Q q 0 0 0 rg BT 256.12 476.30 Td (March ) Tj ET Q q 0 0 0 rg BT 284.74 476.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 299.78 476.30 Td (2018 ) Tj ET Q q 0 0 0 rg BT 322.31 476.30 Td (total ) Tj ET Q q 0 0 0 rg BT 342.61 476.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 380.68 476.30 Td (from ) Tj ET Q q 0 0 0 rg BT 402.65 476.30 Td (the ) Tj ET Q q 0 0 0 rg BT 417.40 476.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 439.36 476.30 Td (of ) Tj ET Q q 0 0 0 rg BT 450.23 476.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 487.74 476.30 Td (receivables ) Tj ET Q q 0 0 0 rg BT 535.24 476.30 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 464.30 Td (the ) Tj ET Q q 0 0 0 rg BT 69.03 464.30 Td (program ) Tj ET Q q 0 0 0 rg BT 105.71 464.30 Td (were ) Tj ET Q q 0 0 0 rg BT 127.95 464.30 Td ($368 ) Tj ET Q q 0 0 0 rg BT 150.76 464.30 Td (million ) Tj ET Q q 0 0 0 rg BT 182.46 464.30 Td (\($325 ) Tj ET Q q 0 0 0 rg BT 208.60 464.30 Td (million ) Tj ET Q q 0 0 0 rg BT 240.30 464.30 Td (at ) Tj ET Q q 0 0 0 rg BT 250.33 464.30 Td (December ) Tj ET Q q 0 0 0 rg BT 294.22 464.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 309.53 464.30 Td (2017\). ) Tj ET Q q 0 0 0 rg BT 337.96 464.30 Td (The ) Tj ET Q q 0 0 0 rg BT 356.32 464.30 Td (securitization ) Tj ET Q q 0 0 0 rg BT 413.00 464.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 457.45 464.30 Td (requires ) Tj ET Q q 0 0 0 rg BT 492.46 464.30 Td (the ) Tj ET Q q 0 0 0 rg BT 507.49 464.30 Td (maintenance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 452.30 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 452.30 Td (an ) Tj ET Q q 0 0 0 rg BT 76.77 452.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 108.70 452.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 126.19 452.30 Td (cap.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 428.30 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 428.30 Td (On ) Tj ET Q q 0 0 0 rg BT 105.16 428.30 Td (October ) Tj ET Q q 0 0 0 rg BT 140.31 428.30 Td (20, ) Tj ET Q q 0 0 0 rg BT 155.75 428.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 181.19 428.30 Td (FFS ) Tj ET Q q 0 0 0 rg BT 200.82 428.30 Td (Inc ) Tj ET Q q 0 0 0 rg BT 216.53 428.30 Td (entered ) Tj ET Q q 0 0 0 rg BT 248.89 428.30 Td (into ) Tj ET Q q 0 0 0 rg BT 267.39 428.30 Td (a ) Tj ET Q q 0 0 0 rg BT 274.77 428.30 Td (revolving ) Tj ET Q q 0 0 0 rg BT 316.04 428.30 Td (securitization ) Tj ET Q q 0 0 0 rg BT 372.84 428.30 Td (program ) Tj ET Q q 0 0 0 rg BT 409.66 428.30 Td (for ) Tj ET Q q 0 0 0 rg BT 424.26 428.30 Td (funding ) Tj ET Q q 0 0 0 rg BT 458.31 428.30 Td (of ) Tj ET Q q 0 0 0 rg BT 469.58 428.30 Td (up ) Tj ET Q q 0 0 0 rg BT 482.52 428.30 Td (to ) Tj ET Q q 0 0 0 rg BT 493.24 428.30 Td ($200 ) Tj ET Q q 0 0 0 rg BT 516.18 428.30 Td (million ) Tj ET Q q 0 0 0 rg BT 548.02 428.30 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 416.30 Td (pledging ) Tj ET Q q 0 0 0 rg BT 92.81 416.30 Td (leasing ) Tj ET Q q 0 0 0 rg BT 124.94 416.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 163.74 416.30 Td (receivables ) Tj ET Q q 0 0 0 rg BT 212.52 416.30 Td (in ) Tj ET Q q 0 0 0 rg BT 224.11 416.30 Td (the ) Tj ET Q q 0 0 0 rg BT 240.14 416.30 Td (United ) Tj ET Q q 0 0 0 rg BT 271.17 416.30 Td (States ) Tj ET Q q 0 0 0 rg BT 298.87 416.30 Td (as ) Tj ET Q q 0 0 0 rg BT 311.01 416.30 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 354.52 416.30 Td (In ) Tj ET Q q 0 0 0 rg BT 366.66 416.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 392.97 416.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 432.32 416.30 Td (from ) Tj ET Q q 0 0 0 rg BT 455.57 416.30 Td (the ) Tj ET Q q 0 0 0 rg BT 471.60 416.30 Td (first ) Tj ET Q q 0 0 0 rg BT 491.52 416.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 510.88 416.30 Td (of ) Tj ET Q q 0 0 0 rg BT 523.02 416.30 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 404.30 Td (receivables ) Tj ET Q q 0 0 0 rg BT 101.39 404.30 Td (were ) Tj ET Q q 0 0 0 rg BT 123.24 404.30 Td ($175 ) Tj ET Q q 0 0 0 rg BT 145.66 404.30 Td (million ) Tj ET Q q 0 0 0 rg BT 176.97 404.30 Td (and ) Tj ET Q q 0 0 0 rg BT 193.83 404.30 Td (were ) Tj ET Q q 0 0 0 rg BT 215.67 404.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 255.31 404.30 Td (used ) Tj ET Q q 0 0 0 rg BT 276.06 404.30 Td (to ) Tj ET Q q 0 0 0 rg BT 286.25 404.30 Td (repay ) Tj ET Q q 0 0 0 rg BT 310.88 404.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 331.08 404.30 Td (Dollar ) Tj ET Q q 0 0 0 rg BT 359.05 404.30 Td (denominated ) Tj ET Q q 0 0 0 rg BT 413.12 404.30 Td (bank ) Tj ET Q q 0 0 0 rg BT 434.98 404.30 Td (borrowings. ) Tj ET Q q 0 0 0 rg BT 485.45 404.30 Td (On ) Tj ET Q q 0 0 0 rg BT 499.55 404.30 Td (April ) Tj ET Q q 0 0 0 rg BT 523.08 404.30 Td (21, ) Tj ET Q q 0 0 0 rg BT 538.00 404.30 Td (2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 392.30 Td (the ) Tj ET Q q 0 0 0 rg BT 69.51 392.30 Td (funding ) Tj ET Q q 0 0 0 rg BT 103.91 392.30 Td (limit ) Tj ET Q q 0 0 0 rg BT 126.09 392.30 Td (of ) Tj ET Q q 0 0 0 rg BT 137.71 392.30 Td (the ) Tj ET Q q 0 0 0 rg BT 153.21 392.30 Td (program ) Tj ET Q q 0 0 0 rg BT 190.38 392.30 Td (was ) Tj ET Q q 0 0 0 rg BT 209.22 392.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 250.27 392.30 Td (to ) Tj ET Q q 0 0 0 rg BT 261.33 392.30 Td ($225 ) Tj ET Q q 0 0 0 rg BT 284.63 392.30 Td (million ) Tj ET Q q 0 0 0 rg BT 316.81 392.30 Td (and ) Tj ET Q q 0 0 0 rg BT 334.54 392.30 Td (this ) Tj ET Q q 0 0 0 rg BT 352.27 392.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 385.56 392.30 Td (remained ) Tj ET Q q 0 0 0 rg BT 426.05 392.30 Td (unchanged ) Tj ET Q q 0 0 0 rg BT 472.66 392.30 Td (in ) Tj ET Q q 0 0 0 rg BT 483.72 392.30 Td (the ) Tj ET Q q 0 0 0 rg BT 499.23 392.30 Td (renewal ) Tj ET Q q 0 0 0 rg BT 534.17 392.30 Td (of ) Tj ET Q q 0 0 0 rg BT 545.79 392.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 380.30 Td (program ) Tj ET Q q 0 0 0 rg BT 90.53 380.30 Td (in ) Tj ET Q q 0 0 0 rg BT 100.95 380.30 Td (September ) Tj ET Q q 0 0 0 rg BT 146.37 380.30 Td (2017. ) Tj ET Q q 0 0 0 rg BT 171.32 380.30 Td (The ) Tj ET Q q 0 0 0 rg BT 189.52 380.30 Td (notes ) Tj ET Q q 0 0 0 rg BT 213.28 380.30 Td (bear ) Tj ET Q q 0 0 0 rg BT 233.13 380.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 265.21 380.30 Td (at ) Tj ET Q q 0 0 0 rg BT 275.08 380.30 Td (a ) Tj ET Q q 0 0 0 rg BT 282.17 380.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 299.80 380.30 Td (per ) Tj ET Q q 0 0 0 rg BT 315.22 380.30 Td (annum ) Tj ET Q q 0 0 0 rg BT 345.09 380.30 Td (equal ) Tj ET Q q 0 0 0 rg BT 369.39 380.30 Td (to ) Tj ET Q q 0 0 0 rg BT 379.82 380.30 Td (the ) Tj ET Q q 0 0 0 rg BT 394.68 380.30 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 436.19 380.30 Td (of ) Tj ET Q q 0 0 0 rg BT 447.17 380.30 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 479.82 380.30 Td (plus ) Tj ET Q q 0 0 0 rg BT 499.14 380.30 Td (a ) Tj ET Q q 0 0 0 rg BT 506.23 380.30 Td (mar) Tj ET Q q 0 0 0 rg BT 521.59 380.30 Td (gin ) Tj ET Q q 0 0 0 rg BT 537.02 380.30 Td (of ) Tj ET Q q 0 0 0 rg BT 548.00 380.30 Td (65 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 368.30 Td (basis ) Tj ET Q q 0 0 0 rg BT 76.36 368.30 Td (points. ) Tj ET Q q 0 0 0 rg BT 105.14 368.30 Td (As ) Tj ET Q q 0 0 0 rg BT 118.62 368.30 Td (of ) Tj ET Q q 0 0 0 rg BT 129.30 368.30 Td (March ) Tj ET Q q 0 0 0 rg BT 157.76 368.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 172.62 368.30 Td (2018, ) Tj ET Q q 0 0 0 rg BT 197.48 368.30 Td (total ) Tj ET Q q 0 0 0 rg BT 217.61 368.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 255.51 368.30 Td (from ) Tj ET Q q 0 0 0 rg BT 277.30 368.30 Td (the ) Tj ET Q q 0 0 0 rg BT 291.88 368.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 313.67 368.30 Td (of ) Tj ET Q q 0 0 0 rg BT 324.36 368.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 361.70 368.30 Td (receivables ) Tj ET Q q 0 0 0 rg BT 409.03 368.30 Td (under ) Tj ET Q q 0 0 0 rg BT 434.16 368.30 Td (the ) Tj ET Q q 0 0 0 rg BT 448.73 368.30 Td (program ) Tj ET Q q 0 0 0 rg BT 484.97 368.30 Td (were ) Tj ET Q q 0 0 0 rg BT 506.76 368.30 Td ($219 ) Tj ET Q q 0 0 0 rg BT 529.11 368.30 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 356.30 Td (\($222 ) Tj ET Q q 0 0 0 rg BT 79.83 356.30 Td (million ) Tj ET Q q 0 0 0 rg BT 111.22 356.30 Td (at ) Tj ET Q q 0 0 0 rg BT 120.94 356.30 Td (December ) Tj ET Q q 0 0 0 rg BT 164.52 356.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 179.52 356.30 Td (2017\).The ) Tj ET Q q 0 0 0 rg BT 223.40 356.30 Td (securitization ) Tj ET Q q 0 0 0 rg BT 279.77 356.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 323.91 356.30 Td (requires ) Tj ET Q q 0 0 0 rg BT 358.61 356.30 Td (the ) Tj ET Q q 0 0 0 rg BT 373.33 356.30 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 426.36 356.30 Td (of ) Tj ET Q q 0 0 0 rg BT 437.19 356.30 Td (an ) Tj ET Q q 0 0 0 rg BT 449.13 356.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 481.06 356.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 498.55 356.30 Td (cap.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 332.30 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 332.30 Td (On ) Tj ET Q q 0 0 0 rg BT 104.69 332.30 Td (December ) Tj ET Q q 0 0 0 rg BT 148.25 332.30 Td (28, ) Tj ET Q q 0 0 0 rg BT 163.23 332.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 188.20 332.30 Td (FFS ) Tj ET Q q 0 0 0 rg BT 207.36 332.30 Td (Inc ) Tj ET Q q 0 0 0 rg BT 222.60 332.30 Td (entered ) Tj ET Q q 0 0 0 rg BT 254.49 332.30 Td (into ) Tj ET Q q 0 0 0 rg BT 272.52 332.30 Td (a ) Tj ET Q q 0 0 0 rg BT 279.44 332.30 Td (revolving ) Tj ET Q q 0 0 0 rg BT 320.23 332.30 Td (securitization ) Tj ET Q q 0 0 0 rg BT 376.57 332.30 Td (program ) Tj ET Q q 0 0 0 rg BT 412.92 332.30 Td (for ) Tj ET Q q 0 0 0 rg BT 427.06 332.30 Td (funding ) Tj ET Q q 0 0 0 rg BT 460.64 332.30 Td (of ) Tj ET Q q 0 0 0 rg BT 471.44 332.30 Td (up ) Tj ET Q q 0 0 0 rg BT 483.92 332.30 Td (to ) Tj ET Q q 0 0 0 rg BT 494.17 332.30 Td ($120 ) Tj ET Q q 0 0 0 rg BT 516.64 332.30 Td (million ) Tj ET Q q 0 0 0 rg BT 548.01 332.30 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 320.30 Td (pledging ) Tj ET Q q 0 0 0 rg BT 91.53 320.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 116.83 320.30 Td (lines ) Tj ET Q q 0 0 0 rg BT 138.25 320.30 Td (to ) Tj ET Q q 0 0 0 rg BT 148.56 320.30 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 178.30 320.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 221.38 320.30 Td (secured ) Tj ET Q q 0 0 0 rg BT 254.45 320.30 Td (by ) Tj ET Q q 0 0 0 rg BT 266.98 320.30 Td (personal ) Tj ET Q q 0 0 0 rg BT 303.39 320.30 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 334.80 320.30 Td (collections ) Tj ET Q q 0 0 0 rg BT 380.65 320.30 Td (and ) Tj ET Q q 0 0 0 rg BT 397.62 320.30 Td (personal ) Tj ET Q q 0 0 0 rg BT 434.03 320.30 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 479.32 320.30 Td (in ) Tj ET Q q 0 0 0 rg BT 489.63 320.30 Td (the ) Tj ET Q q 0 0 0 rg BT 504.38 320.30 Td (United ) Tj ET Q q 0 0 0 rg BT 534.13 320.30 Td (States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 308.30 Td (as ) Tj ET Q q 0 0 0 rg BT 65.10 308.30 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 107.56 308.30 Td (In ) Tj ET Q q 0 0 0 rg BT 118.65 308.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 143.92 308.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 182.22 308.30 Td (from ) Tj ET Q q 0 0 0 rg BT 204.42 308.30 Td (the ) Tj ET Q q 0 0 0 rg BT 219.41 308.30 Td (first ) Tj ET Q q 0 0 0 rg BT 238.28 308.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 256.59 308.30 Td (of ) Tj ET Q q 0 0 0 rg BT 267.69 308.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 305.43 308.30 Td (receivables ) Tj ET Q q 0 0 0 rg BT 353.17 308.30 Td (were ) Tj ET Q q 0 0 0 rg BT 375.36 308.30 Td ($64 ) Tj ET Q q 0 0 0 rg BT 393.13 308.30 Td (million ) Tj ET Q q 0 0 0 rg BT 424.78 308.30 Td (and ) Tj ET Q q 0 0 0 rg BT 441.99 308.30 Td (were ) Tj ET Q q 0 0 0 rg BT 464.18 308.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 504.16 308.30 Td (used ) Tj ET Q q 0 0 0 rg BT 525.25 308.30 Td (to ) Tj ET Q q 0 0 0 rg BT 535.80 308.30 Td (repay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 296.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 74.12 296.30 Td (Dollar ) Tj ET Q q 0 0 0 rg BT 102.00 296.30 Td (denominated ) Tj ET Q q 0 0 0 rg BT 155.99 296.30 Td (bank ) Tj ET Q q 0 0 0 rg BT 177.76 296.30 Td (borrowings. ) Tj ET Q q 0 0 0 rg BT 228.15 296.30 Td (On ) Tj ET Q q 0 0 0 rg BT 242.71 296.30 Td (December ) Tj ET Q q 0 0 0 rg BT 286.13 296.30 Td (20, ) Tj ET Q q 0 0 0 rg BT 300.97 296.30 Td (2017, ) Tj ET Q q 0 0 0 rg BT 325.80 296.30 Td (the ) Tj ET Q q 0 0 0 rg BT 340.36 296.30 Td (funding ) Tj ET Q q 0 0 0 rg BT 373.80 296.30 Td (limit ) Tj ET Q q 0 0 0 rg BT 395.03 296.30 Td (was ) Tj ET Q q 0 0 0 rg BT 412.92 296.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 453.01 296.30 Td (to ) Tj ET Q q 0 0 0 rg BT 463.12 296.30 Td ($135 ) Tj ET Q q 0 0 0 rg BT 485.46 296.30 Td (million. ) Tj ET Q q 0 0 0 rg BT 519.02 296.30 Td (The ) Tj ET Q q 0 0 0 rg BT 536.90 296.30 Td (notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 284.30 Td (bear ) Tj ET Q q 0 0 0 rg BT 73.40 284.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 105.03 284.30 Td (at ) Tj ET Q q 0 0 0 rg BT 114.44 284.30 Td (a ) Tj ET Q q 0 0 0 rg BT 121.07 284.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 138.25 284.30 Td (per ) Tj ET Q q 0 0 0 rg BT 153.21 284.30 Td (annum ) Tj ET Q q 0 0 0 rg BT 182.62 284.30 Td (equal ) Tj ET Q q 0 0 0 rg BT 206.47 284.30 Td (to ) Tj ET Q q 0 0 0 rg BT 216.44 284.30 Td (the ) Tj ET Q q 0 0 0 rg BT 230.86 284.30 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 271.91 284.30 Td (of ) Tj ET Q q 0 0 0 rg BT 282.44 284.30 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 314.63 284.30 Td (plus ) Tj ET Q q 0 0 0 rg BT 333.49 284.30 Td (a ) Tj ET Q q 0 0 0 rg BT 340.13 284.30 Td (mar) Tj ET Q q 0 0 0 rg BT 355.49 284.30 Td (gin ) Tj ET Q q 0 0 0 rg BT 370.46 284.30 Td (of ) Tj ET Q q 0 0 0 rg BT 380.99 284.30 Td (120 ) Tj ET Q q 0 0 0 rg BT 398.18 284.30 Td (basis ) Tj ET Q q 0 0 0 rg BT 420.38 284.30 Td (points. ) Tj ET Q q 0 0 0 rg BT 449.52 284.30 Td ( ) Tj ET Q q 0 0 0 rg BT 451.23 284.30 Td (As ) Tj ET Q q 0 0 0 rg BT 464.53 284.30 Td (of ) Tj ET Q q 0 0 0 rg BT 475.06 284.30 Td (March ) Tj ET Q q 0 0 0 rg BT 503.35 284.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 518.04 284.30 Td (2018 ) Tj ET Q q 0 0 0 rg BT 540.24 284.30 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 272.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 92.51 272.30 Td (from ) Tj ET Q q 0 0 0 rg BT 114.91 272.30 Td (the ) Tj ET Q q 0 0 0 rg BT 130.10 272.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 152.51 272.30 Td (of ) Tj ET Q q 0 0 0 rg BT 163.80 272.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 201.75 272.30 Td (receivables ) Tj ET Q q 0 0 0 rg BT 249.69 272.30 Td (under ) Tj ET Q q 0 0 0 rg BT 275.43 272.30 Td (the ) Tj ET Q q 0 0 0 rg BT 290.62 272.30 Td (program ) Tj ET Q q 0 0 0 rg BT 327.46 272.30 Td (were ) Tj ET Q q 0 0 0 rg BT 349.86 272.30 Td ($1) Tj ET Q q 0 0 0 rg BT 359.49 272.30 Td (19 ) Tj ET Q q 0 0 0 rg BT 372.46 272.30 Td (million ) Tj ET Q q 0 0 0 rg BT 404.32 272.30 Td (\($120 ) Tj ET Q q 0 0 0 rg BT 430.62 272.30 Td (million ) Tj ET Q q 0 0 0 rg BT 462.48 272.30 Td (at ) Tj ET Q q 0 0 0 rg BT 472.66 272.30 Td (December ) Tj ET Q q 0 0 0 rg BT 516.71 272.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 532.18 272.30 Td (2017\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 260.30 Td (The ) Tj ET Q q 0 0 0 rg BT 72.05 260.30 Td (securitization ) Tj ET Q q 0 0 0 rg BT 128.41 260.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 172.55 260.30 Td (does ) Tj ET Q q 0 0 0 rg BT 193.38 260.30 Td (not ) Tj ET Q q 0 0 0 rg BT 208.66 260.30 Td (require ) Tj ET Q q 0 0 0 rg BT 239.48 260.30 Td (an ) Tj ET Q q 0 0 0 rg BT 251.42 260.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 283.35 260.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 300.84 260.30 Td (cap.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 238.30 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 238.30 Td (Cash ) Tj ET Q q 0 0 0 rg BT 112.00 238.30 Td (collected ) Tj ET Q q 0 0 0 rg BT 150.09 238.30 Td (from ) Tj ET Q q 0 0 0 rg BT 171.52 238.30 Td (the ) Tj ET Q q 0 0 0 rg BT 185.74 238.30 Td (settlement ) Tj ET Q q 0 0 0 rg BT 228.84 238.30 Td (of ) Tj ET Q q 0 0 0 rg BT 239.16 238.30 Td (receivables ) Tj ET Q q 0 0 0 rg BT 286.13 238.30 Td (or ) Tj ET Q q 0 0 0 rg BT 296.46 238.30 Td (lines ) Tj ET Q q 0 0 0 rg BT 317.35 238.30 Td (of ) Tj ET Q q 0 0 0 rg BT 327.68 238.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 352.44 238.30 Td (pledged ) Tj ET Q q 0 0 0 rg BT 386.09 238.30 Td (as ) Tj ET Q q 0 0 0 rg BT 396.42 238.30 Td (collateral ) Tj ET Q q 0 0 0 rg BT 435.62 238.30 Td (is ) Tj ET Q q 0 0 0 rg BT 444.28 238.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 474.61 238.30 Td (to ) Tj ET Q q 0 0 0 rg BT 484.39 238.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 513.59 238.30 Td (restrictions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 226.30 Td (regarding ) Tj ET Q q 0 0 0 rg BT 93.91 226.30 Td (its ) Tj ET Q q 0 0 0 rg BT 104.96 226.30 Td (use ) Tj ET Q q 0 0 0 rg BT 119.88 226.30 Td (and ) Tj ET Q q 0 0 0 rg BT 135.92 226.30 Td (is ) Tj ET Q q 0 0 0 rg BT 144.18 226.30 Td (principally ) Tj ET Q q 0 0 0 rg BT 189.10 226.30 Td (applied ) Tj ET Q q 0 0 0 rg BT 220.13 226.30 Td (to ) Tj ET Q q 0 0 0 rg BT 229.50 226.30 Td (repay ) Tj ET Q q 0 0 0 rg BT 253.30 226.30 Td (principal ) Tj ET Q q 0 0 0 rg BT 290.44 226.30 Td (and ) Tj ET Q q 0 0 0 rg BT 306.47 226.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 337.50 226.30 Td (of ) Tj ET Q q 0 0 0 rg BT 347.43 226.30 Td (the ) Tj ET Q q 0 0 0 rg BT 361.24 226.30 Td (funding. ) Tj ET Q q 0 0 0 rg BT 396.45 226.30 Td (Such ) Tj ET Q q 0 0 0 rg BT 418.04 226.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 437.41 226.30 Td (amounted ) Tj ET Q q 0 0 0 rg BT 478.44 226.30 Td (to ) Tj ET Q q 0 0 0 rg BT 487.81 226.30 Td (26,386 ) Tj ET Q q 0 0 0 rg BT 521.91 226.30 Td (thousand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 214.30 Td (at ) Tj ET Q q 0 0 0 rg BT 63.72 214.30 Td (March ) Tj ET Q q 0 0 0 rg BT 92.32 214.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 107.32 214.30 Td (2018 ) Tj ET Q q 0 0 0 rg BT 129.82 214.30 Td (\(28,230 ) Tj ET Q q 0 0 0 rg BT 168.15 214.30 Td (thousand ) Tj ET Q q 0 0 0 rg BT 206.75 214.30 Td (at ) Tj ET Q q 0 0 0 rg BT 216.47 214.30 Td (December ) Tj ET Q q 0 0 0 rg BT 260.05 214.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 275.05 214.30 Td (2017\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 194.30 Td (Other ) Tj ET Q q 0 0 0 rg BT 79.83 194.30 Td (debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 172.30 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 172.30 Td (Other ) Tj ET Q q 0 0 0 rg BT 115.27 172.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 134.99 172.30 Td (mainly ) Tj ET Q q 0 0 0 rg BT 165.26 172.30 Td (relates ) Tj ET Q q 0 0 0 rg BT 193.85 172.30 Td (to ) Tj ET Q q 0 0 0 rg BT 204.13 172.30 Td (funding ) Tj ET Q q 0 0 0 rg BT 237.74 172.30 Td (for ) Tj ET Q q 0 0 0 rg BT 251.90 172.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 292.16 172.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 330.76 172.30 Td (of ) Tj ET Q q 0 0 0 rg BT 341.59 172.30 Td (the ) Tj ET Q q 0 0 0 rg BT 356.31 172.30 Td (Group.) Tj ET Q endstream endobj 105 0 obj <> endobj 106 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 713.25 Td (24. OTHER LIABILITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 689.25 Td (An ) Tj ET Q q 0 0 0 rg BT 104.72 689.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 139.44 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 150.27 689.25 Td (other ) Tj ET Q q 0 0 0 rg BT 173.32 689.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 213.03 689.25 Td (is ) Tj ET Q q 0 0 0 rg BT 222.20 689.25 Td (as ) Tj ET Q q 0 0 0 rg BT 233.03 689.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 630.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 630.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 630.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 630.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 602.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 602.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 602.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 602.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 574.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 574.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 574.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 574.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 546.75 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 546.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 546.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 546.75 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 643.75 m 473.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 643.75 m 557.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 643.75 m 473.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 643.75 m 557.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 546.75 m 473.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 533.75 m 473.5 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 531.75 m 473.5 531.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 546.75 m 557.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 533.75 m 557.5 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 531.75 m 557.5 531.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.45 657.20 Td (At Mar) Tj ET Q q 0 0 0 rg BT 436.10 657.20 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.00 648.20 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.95 657.20 Td (At December) Tj ET Q q 0 0 0 rg BT 535.51 657.20 Td ( 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 508.00 648.20 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.35 635.01 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 621.21 Td (Deferred income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 621.21 Td (335,308) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 621.21 Td (274,186) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 607.21 Td (Advances and security deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 607.21 Td (138,156) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 607.21 Td (167,293) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 593.21 Td (Accrued expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 593.21 Td (87,953) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 593.21 Td (77,024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 579.21 Td (Payables to personnel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 579.21 Td (26,127) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 579.21 Td (38,488) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 565.21 Td (Social security payables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 565.21 Td (16,378) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 565.21 Td (20,553) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 551.21 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.25 551.21 Td (45,078) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 551.21 Td (42,806) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 537.20 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 537.20 Td (otal other) Tj ET Q q 0 0 0 rg BT 98.25 537.20 Td ( liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.75 537.20 Td (649,000) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 537.20 Td (620,350) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 509.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 127.33 509.25 Td (income ) Tj ET Q q 0 0 0 rg BT 158.57 509.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 197.58 509.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 232.71 509.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 268.40 509.25 Td (received ) Tj ET Q q 0 0 0 rg BT 304.07 509.25 Td (under ) Tj ET Q q 0 0 0 rg BT 328.64 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.66 509.25 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 384.45 509.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 436.78 509.25 Td (program ) Tj ET Q q 0 0 0 rg BT 472.46 509.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.59 509.25 Td (176,478 ) Tj ET Q q 0 0 0 rg BT 521.89 509.25 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 497.25 Td (at ) Tj ET Q q 0 0 0 rg BT 64.04 497.25 Td (March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.14 497.25 Td ( ) Tj ET Q q 0 0 0 rg BT 107.97 497.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.97 497.25 Td ( ) Tj ET Q q 0 0 0 rg BT 130.80 497.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.06 497.25 Td (173,646 ) Tj ET Q q 0 0 0 rg BT 188.39 497.25 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 497.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.33 497.25 Td (at ) Tj ET Q q 0 0 0 rg BT 237.37 497.25 Td (December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.45 497.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.28 497.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.28 497.25 Td (. ) Tj ET Q q 0 0 0 rg BT 321.61 497.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 344.43 497.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 381.15 497.25 Td (are ) Tj ET Q q 0 0 0 rg BT 396.18 497.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 432.32 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.58 497.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 496.27 497.25 Td (as ) Tj ET Q q 0 0 0 rg BT 507.43 497.25 Td (net ) Tj ET Q q 0 0 0 rg BT 522.47 497.25 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 485.25 Td (over ) Tj ET Q q 0 0 0 rg BT 74.05 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 88.54 485.25 Td (length ) Tj ET Q q 0 0 0 rg BT 115.81 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.42 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.91 485.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 193.72 485.25 Td (program. ) Tj ET Q q 0 0 0 rg BT 232.37 485.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 270.17 485.25 Td (income ) Tj ET Q q 0 0 0 rg BT 301.88 485.25 Td (also ) Tj ET Q q 0 0 0 rg BT 320.27 485.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 355.87 485.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 392.04 485.25 Td (collected ) Tj ET Q q 0 0 0 rg BT 430.40 485.25 Td (under ) Tj ET Q q 0 0 0 rg BT 455.45 485.25 Td (various ) Tj ET Q q 0 0 0 rg BT 487.16 485.25 Td (other ) Tj ET Q q 0 0 0 rg BT 509.99 485.25 Td (agreements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.25 Td (which ) Tj ET Q q 0 0 0 rg BT 80.94 473.25 Td (are ) Tj ET Q q 0 0 0 rg BT 95.65 473.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 139.24 473.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 161.74 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.46 473.25 Td (future ) Tj ET Q q 0 0 0 rg BT 202.83 473.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 255.86 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 266.69 473.25 Td (a ) Tj ET Q q 0 0 0 rg BT 273.62 473.25 Td (service ) Tj ET Q q 0 0 0 rg BT 304.44 473.25 Td (or ) Tj ET Q q 0 0 0 rg BT 315.27 473.25 Td (other ) Tj ET Q q 0 0 0 rg BT 338.32 473.25 Td (act ) Tj ET Q q 0 0 0 rg BT 352.47 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 363.30 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.02 473.25 Td (Group.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 449.25 Td (Advances ) Tj ET Q q 0 0 0 rg BT 131.23 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.48 449.25 Td (security ) Tj ET Q q 0 0 0 rg BT 180.94 449.25 Td (deposits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.52 449.25 Td (at ) Tj ET Q q 0 0 0 rg BT 224.54 449.25 Td (March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.64 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 267.44 449.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.44 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 289.25 449.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.49 449.25 Td (at ) Tj ET Q q 0 0 0 rg BT 314.51 449.25 Td (December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.59 449.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.40 449.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.40 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 394.20 449.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 433.22 449.25 Td (include ) Tj ET Q q 0 0 0 rg BT 464.46 449.25 Td (advances ) Tj ET Q q 0 0 0 rg BT 502.91 449.25 Td (received ) Tj ET Q q 0 0 0 rg BT 538.57 449.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 437.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 82.06 437.25 Td (for ) Tj ET Q q 0 0 0 rg BT 95.68 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.85 437.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 147.35 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.64 437.25 Td (our ) Tj ET Q q 0 0 0 rg BT 172.93 437.25 Td (special ) Tj ET Q q 0 0 0 rg BT 202.65 437.25 Td (series ) Tj ET Q q 0 0 0 rg BT 227.37 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.77 437.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 274.06 437.25 Td (edition ) Tj ET Q q 0 0 0 rg BT 303.79 437.25 Td (models ) Tj ET Q q 0 0 0 rg BT 334.63 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.03 437.25 Td (supercars. ) Tj ET Q q 0 0 0 rg BT 393.25 437.25 Td (Upon ) Tj ET Q q 0 0 0 rg BT 417.43 437.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 456.05 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.34 437.25 Td (such ) Tj ET Q q 0 0 0 rg BT 486.63 437.25 Td (cars, ) Tj ET Q q 0 0 0 rg BT 507.18 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.36 437.25 Td (advances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 425.25 Td (are ) Tj ET Q q 0 0 0 rg BT 68.71 425.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 115.07 425.25 Td (as ) Tj ET Q q 0 0 0 rg BT 125.90 425.25 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 162.36 425.25 Td (The ) Tj ET Q q 0 0 0 rg BT 180.41 425.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 217.33 425.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 257.04 425.25 Td (relates ) Tj ET Q q 0 0 0 rg BT 285.63 425.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.91 425.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 338.97 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 349.80 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 364.51 425.25 Td (LaFerrari ) Tj ET Q q 0 0 0 rg BT 404.21 425.25 Td (Aperta.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 389.25 Td (25. ) Tj ET Q q 0 0 0 rg BT 73.82 389.25 Td (TRADE P) Tj ET Q q 0 0 0 rg BT 116.69 389.25 Td (A) Tj ET Q q 0 0 0 rg BT 122.99 389.25 Td (Y) Tj ET Q q 0 0 0 rg BT 129.30 389.25 Td (ABLES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 365.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 365.25 Td (T) Tj ET Q q 0 0 0 rg BT 95.76 365.25 Td (rade ) Tj ET Q q 0 0 0 rg BT 115.57 365.25 Td (payables ) Tj ET Q q 0 0 0 rg BT 153.15 365.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.09 365.25 Td (628,045 ) Tj ET Q q 0 0 0 rg BT 204.19 365.25 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.30 365.25 Td ( ) Tj ET Q q 0 0 0 rg BT 242.90 365.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.72 365.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 296.42 365.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.42 365.25 Td ( ) Tj ET Q q 0 0 0 rg BT 319.02 365.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.35 365.25 Td (607,505 ) Tj ET Q q 0 0 0 rg BT 362.46 365.25 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.56 365.25 Td ( ) Tj ET Q q 0 0 0 rg BT 401.17 365.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.99 365.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 469.67 365.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.67 365.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 495.61 365.25 Td (are ) Tj ET Q q 0 0 0 rg BT 510.42 365.25 Td (entirely ) Tj ET Q q 0 0 0 rg BT 543.56 365.25 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 353.25 Td (within ) Tj ET Q q 0 0 0 rg BT 82.06 353.25 Td (one ) Tj ET Q q 0 0 0 rg BT 99.00 353.25 Td (year) Tj ET Q q 0 0 0 rg BT 115.65 353.25 Td (. ) Tj ET Q q 0 0 0 rg BT 120.47 353.25 Td (The ) Tj ET Q q 0 0 0 rg BT 138.52 353.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 174.33 353.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 206.83 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.66 353.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 240.14 353.25 Td (payables ) Tj ET Q q 0 0 0 rg BT 277.63 353.25 Td (is ) Tj ET Q q 0 0 0 rg BT 286.80 353.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 332.61 353.25 Td (to ) Tj ET Q q 0 0 0 rg BT 342.89 353.25 Td (be ) Tj ET Q q 0 0 0 rg BT 354.83 353.25 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 398.98 353.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.26 353.25 Td (their ) Tj ET Q q 0 0 0 rg BT 430.08 353.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 446.46 353.25 Td (value.) Tj ET Q endstream endobj 107 0 obj <> endobj 108 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-24) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 713.25 Td (26. F) Tj ET Q q 0 0 0 rg BT 79.37 713.25 Td (AIR ) Tj ET Q q 0 0 0 rg BT 100.02 713.25 Td (V) Tj ET Q q 0 0 0 rg BT 105.95 713.25 Td (ALUE MEASUREMENT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 689.25 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 114.21 689.25 Td (13 ) Tj ET Q q 0 0 0 rg BT 127.30 689.25 Td (establishes ) Tj ET Q q 0 0 0 rg BT 173.72 689.25 Td (a ) Tj ET Q q 0 0 0 rg BT 181.25 689.25 Td (three ) Tj ET Q q 0 0 0 rg BT 204.32 689.25 Td (level ) Tj ET Q q 0 0 0 rg BT 226.84 689.25 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 267.69 689.25 Td (for ) Tj ET Q q 0 0 0 rg BT 282.44 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 297.75 689.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 325.28 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 336.15 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.46 689.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 391.76 689.25 Td (techniques ) Tj ET Q q 0 0 0 rg BT 437.61 689.25 Td (used ) Tj ET Q q 0 0 0 rg BT 459.03 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 469.90 689.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 506.31 689.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 523.27 689.25 Td (value ) Tj ET Q q 0 0 0 rg BT 548.02 689.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.25 Td (giving ) Tj ET Q q 0 0 0 rg BT 81.70 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.07 677.25 Td (highest ) Tj ET Q q 0 0 0 rg BT 127.10 677.25 Td (priority ) Tj ET Q q 0 0 0 rg BT 159.25 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 169.17 677.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 198.54 677.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 224.56 677.25 Td (\(unadjusted\) ) Tj ET Q q 0 0 0 rg BT 276.69 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 286.62 677.25 Td (active ) Tj ET Q q 0 0 0 rg BT 312.64 677.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 346.44 677.25 Td (for ) Tj ET Q q 0 0 0 rg BT 360.25 677.25 Td (identical ) Tj ET Q q 0 0 0 rg BT 396.82 677.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 422.30 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 438.89 677.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 478.25 677.25 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 506.49 677.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 513.64 677.25 Td (inputs\) ) Tj ET Q q 0 0 0 rg BT 543.57 677.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 68.70 665.25 Td (lowest ) Tj ET Q q 0 0 0 rg BT 97.30 665.25 Td (priority ) Tj ET Q q 0 0 0 rg BT 129.78 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 140.04 665.25 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 195.84 665.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 222.77 665.25 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 251.35 665.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 258.84 665.25 Td (inputs\). ) Tj ET Q q 0 0 0 rg BT 291.60 665.25 Td (In ) Tj ET Q q 0 0 0 rg BT 302.42 665.25 Td (some ) Tj ET Q q 0 0 0 rg BT 326.01 665.25 Td (cases, ) Tj ET Q q 0 0 0 rg BT 352.10 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.80 665.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 393.73 665.25 Td (used ) Tj ET Q q 0 0 0 rg BT 414.55 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 424.81 665.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 460.61 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 475.31 665.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 491.68 665.25 Td (value ) Tj ET Q q 0 0 0 rg BT 515.82 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.63 665.25 Td (an ) Tj ET Q q 0 0 0 rg BT 538.56 665.25 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 653.25 Td (or ) Tj ET Q q 0 0 0 rg BT 64.75 653.25 Td (a ) Tj ET Q q 0 0 0 rg BT 71.61 653.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 105.13 653.25 Td (might ) Tj ET Q q 0 0 0 rg BT 130.89 653.25 Td (be ) Tj ET Q q 0 0 0 rg BT 142.74 653.25 Td (categorized ) Tj ET Q q 0 0 0 rg BT 191.24 653.25 Td (within ) Tj ET Q q 0 0 0 rg BT 219.22 653.25 Td (dif) Tj ET Q q 0 0 0 rg BT 230.14 653.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 255.88 653.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 281.62 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.37 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.00 653.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 323.30 653.25 Td (value ) Tj ET Q q 0 0 0 rg BT 347.37 653.25 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 384.48 653.25 Td (. ) Tj ET Q q 0 0 0 rg BT 389.40 653.25 Td (In ) Tj ET Q q 0 0 0 rg BT 400.15 653.25 Td (those ) Tj ET Q q 0 0 0 rg BT 423.67 653.25 Td (cases, ) Tj ET Q q 0 0 0 rg BT 449.69 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.32 653.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 480.62 653.25 Td (value ) Tj ET Q q 0 0 0 rg BT 504.69 653.25 Td (measurement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.25 Td (is ) Tj ET Q q 0 0 0 rg BT 63.07 641.25 Td (categorized ) Tj ET Q q 0 0 0 rg BT 111.54 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 121.72 641.25 Td (its ) Tj ET Q q 0 0 0 rg BT 133.56 641.25 Td (entirety ) Tj ET Q q 0 0 0 rg BT 166.50 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 176.67 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.29 641.25 Td (same ) Tj ET Q q 0 0 0 rg BT 214.23 641.25 Td (level ) Tj ET Q q 0 0 0 rg BT 236.06 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.79 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.40 641.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 277.67 641.25 Td (value ) Tj ET Q q 0 0 0 rg BT 301.73 641.25 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 341.88 641.25 Td (at ) Tj ET Q q 0 0 0 rg BT 351.49 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.10 641.25 Td (lowest ) Tj ET Q q 0 0 0 rg BT 394.61 641.25 Td (level ) Tj ET Q q 0 0 0 rg BT 416.44 641.25 Td (input ) Tj ET Q q 0 0 0 rg BT 439.39 641.25 Td (that ) Tj ET Q q 0 0 0 rg BT 456.78 641.25 Td (is ) Tj ET Q q 0 0 0 rg BT 465.85 641.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 510.46 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.63 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 535.25 641.25 Td (entire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.25 Td (measurement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 605.25 Td (Levels ) Tj ET Q q 0 0 0 rg BT 119.16 605.25 Td (used ) Tj ET Q q 0 0 0 rg BT 139.99 605.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.26 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.98 605.25 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 205.23 605.25 Td (are ) Tj ET Q q 0 0 0 rg BT 219.94 605.25 Td (as ) Tj ET Q q 0 0 0 rg BT 230.77 605.25 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 581.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 115.62 581.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 123.48 581.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 150.79 581.25 Td (are ) Tj ET Q q 0 0 0 rg BT 165.86 581.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 195.94 581.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 222.67 581.25 Td (\(unadjusted\) ) Tj ET Q q 0 0 0 rg BT 275.52 581.25 Td (in ) Tj ET Q q 0 0 0 rg BT 286.16 581.25 Td (active ) Tj ET Q q 0 0 0 rg BT 312.89 581.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 347.41 581.25 Td (for ) Tj ET Q q 0 0 0 rg BT 361.93 581.25 Td (identical ) Tj ET Q q 0 0 0 rg BT 399.22 581.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 425.41 581.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.71 581.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 482.78 581.25 Td (that ) Tj ET Q q 0 0 0 rg BT 500.64 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.72 581.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 544.13 581.25 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.25 Td (access ) Tj ET Q q 0 0 0 rg BT 82.04 569.25 Td (at ) Tj ET Q q 0 0 0 rg BT 91.75 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.47 569.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 162.28 569.25 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 545.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 114.77 545.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 121.77 545.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 148.23 545.25 Td (are ) Tj ET Q q 0 0 0 rg BT 162.44 545.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 188.89 545.25 Td (other ) Tj ET Q q 0 0 0 rg BT 211.44 545.25 Td (than ) Tj ET Q q 0 0 0 rg BT 230.66 545.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 259.88 545.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 285.76 545.25 Td (included ) Tj ET Q q 0 0 0 rg BT 322.20 545.25 Td (within ) Tj ET Q q 0 0 0 rg BT 349.76 545.25 Td (level ) Tj ET Q q 0 0 0 rg BT 371.20 545.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 378.21 545.25 Td (that ) Tj ET Q q 0 0 0 rg BT 395.21 545.25 Td (are ) Tj ET Q q 0 0 0 rg BT 409.42 545.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 454.74 545.25 Td (for ) Tj ET Q q 0 0 0 rg BT 468.40 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.62 545.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 507.96 545.25 Td (or ) Tj ET Q q 0 0 0 rg BT 518.29 545.25 Td (liabilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 533.25 Td (either ) Tj ET Q q 0 0 0 rg BT 79.26 533.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 112.31 533.25 Td (or ) Tj ET Q q 0 0 0 rg BT 123.14 533.25 Td (indirectly) Tj ET Q q 0 0 0 rg BT 160.81 533.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 509.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 115.26 509.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 122.76 509.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 149.71 509.25 Td (are ) Tj ET Q q 0 0 0 rg BT 164.42 509.25 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 220.23 509.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 247.18 509.25 Td (for ) Tj ET Q q 0 0 0 rg BT 261.34 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.06 509.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 301.89 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 318.83 509.25 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 485.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 90.00 485.25 Td (Assets and liabilities that are measured at fair value on a recurring basis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 461.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 461.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.85 461.25 Td (following ) Tj ET Q q 0 0 0 rg BT 149.04 461.25 Td (table ) Tj ET Q q 0 0 0 rg BT 170.77 461.25 Td (shows ) Tj ET Q q 0 0 0 rg BT 198.08 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.60 461.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 228.78 461.25 Td (value ) Tj ET Q q 0 0 0 rg BT 252.74 461.25 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 292.79 461.25 Td (for ) Tj ET Q q 0 0 0 rg BT 306.76 461.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 344.04 461.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 369.67 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.41 461.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 425.93 461.25 Td (that ) Tj ET Q q 0 0 0 rg BT 443.23 461.25 Td (are ) Tj ET Q q 0 0 0 rg BT 457.74 461.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 498.35 461.25 Td (at ) Tj ET Q q 0 0 0 rg BT 507.87 461.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 524.05 461.25 Td (value ) Tj ET Q q 0 0 0 rg BT 548.01 461.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 449.25 Td (a ) Tj ET Q q 0 0 0 rg BT 60.94 449.25 Td (recurring ) Tj ET Q q 0 0 0 rg BT 100.08 449.25 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.58 449.25 Td (at ) Tj ET Q q 0 0 0 rg BT 132.30 449.25 Td (March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.40 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 175.90 449.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.90 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 198.40 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.34 449.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.05 449.25 Td (December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.14 449.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.64 449.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.64 449.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 397.75 224.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 397.75 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 397.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 397.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 397.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 397.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 397.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 397.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 397.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 397.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 368.75 224.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 368.75 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 368.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 368.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 368.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 368.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 368.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 368.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 368.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 368.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 340.75 224.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 340.75 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 340.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 340.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 340.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 340.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 340.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 340.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 340.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 340.75 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 424.75 m 378.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 424.75 m 382.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 424.75 m 438.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 424.75 m 442.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 424.75 m 498.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 424.75 m 502.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 424.75 m 558.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 410.75 m 318.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 410.75 m 378.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 410.75 m 438.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 410.75 m 498.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 410.75 m 558.5 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 354.75 m 378.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 341.75 m 378.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 339.75 m 378.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 354.75 m 438.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 341.75 m 438.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 339.75 m 438.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 354.75 m 498.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 341.75 m 498.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 339.75 m 498.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 354.75 m 558.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 341.75 m 558.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 339.75 m 558.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 326.75 m 378.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 313.75 m 378.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 311.75 m 378.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 326.75 m 438.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 313.75 m 438.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 311.75 m 438.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 326.75 m 498.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 313.75 m 498.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 311.75 m 498.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 326.75 m 558.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 313.75 m 558.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 311.75 m 558.5 311.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.30 429.20 Td (At Mar) Tj ET Q q 0 0 0 rg BT 432.95 429.20 Td (ch 31, 2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 289.00 415.20 Td (Note) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 336.10 415.20 Td (Level 1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.10 415.20 Td (Level2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.10 415.20 Td (Level3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.15 415.20 Td (T) Tj ET Q q 0 0 0 rg BT 525.33 415.20 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.35 402.01 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 388.21 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.75 388.21 Td (743,030) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 388.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 388.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 388.21 Td (743,030) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 373.21 Td (Investments and other financial assets - Liberty Shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.50 373.21 Td (16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.75 373.21 Td (5,205) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.00 373.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 373.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 373.21 Td (5,205) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 359.21 Td (Current financial assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.50 359.21 Td (19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 359.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 359.21 Td (7,756) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 359.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 359.21 Td (7,756) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 345.20 Td (T) Tj ET Q q 0 0 0 rg BT 62.59 345.20 Td (otal assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.75 345.20 Td (748,235) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 414.75 345.20 Td (7,756) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.00 345.20 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.75 345.20 Td (755,991) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 331.21 Td (Other financial liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.50 331.21 Td (19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 331.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 331.21 Td (3,374) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 331.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 331.21 Td (3,374) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 317.20 Td (T) Tj ET Q q 0 0 0 rg BT 62.18 317.20 Td (otal liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 366.00 317.20 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 414.75 317.20 Td (3,374) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.00 317.20 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.75 317.20 Td (3,374) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 249.75 224.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 249.75 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 249.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 249.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 249.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 249.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 249.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 249.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 249.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 249.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 220.75 224.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 220.75 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 220.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 220.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 220.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 220.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 220.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 220.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 220.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 220.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 192.75 224.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 192.75 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 192.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 192.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 192.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 192.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 192.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 192.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 192.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 192.75 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 276.75 m 377.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 276.75 m 381.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 276.75 m 437.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 276.75 m 441.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 276.75 m 497.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 276.75 m 501.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 276.75 m 557.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 262.75 m 317.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 262.75 m 377.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 262.75 m 437.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 262.75 m 497.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 262.75 m 557.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 206.75 m 377.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 193.75 m 377.5 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 191.75 m 377.5 191.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 206.75 m 437.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 193.75 m 437.5 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 191.75 m 437.5 191.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 206.75 m 497.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 193.75 m 497.5 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 191.75 m 497.5 191.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 206.75 m 557.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 193.75 m 557.5 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 191.75 m 557.5 191.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 178.75 m 377.5 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 165.75 m 377.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 163.75 m 377.5 163.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 178.75 m 437.5 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 165.75 m 437.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 163.75 m 437.5 163.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 178.75 m 497.5 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 165.75 m 497.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 163.75 m 497.5 163.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 178.75 m 557.5 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 165.75 m 557.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 163.75 m 557.5 163.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.80 281.20 Td (At December) Tj ET Q q 0 0 0 rg BT 447.44 281.20 Td ( 31, 2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 288.00 267.20 Td (Note) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.10 267.20 Td (Level 1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.10 267.20 Td (Level2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.10 267.20 Td (Level3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.15 267.20 Td (T) Tj ET Q q 0 0 0 rg BT 524.33 267.20 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.35 254.01 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 240.21 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.75 240.21 Td (647,706) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 240.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 240.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 240.21 Td (647,706) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 225.21 Td (Investments and other financial assets - Liberty Shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.50 225.21 Td (16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.75 225.21 Td (5,705) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 225.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 225.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 225.21 Td (5,705) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 211.21 Td (Current financial assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.50 211.21 Td (19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.00 211.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.25 211.21 Td (1) Tj ET Q q 0 0 0 rg BT 413.75 211.21 Td (1,686) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 211.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 211.21 Td (1) Tj ET Q q 0 0 0 rg BT 533.75 211.21 Td (1,686) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 197.20 Td (T) Tj ET Q q 0 0 0 rg BT 61.59 197.20 Td (otal assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.75 197.20 Td (653,41) Tj ET Q q 0 0 0 rg BT 369.50 197.20 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.25 197.20 Td (1) Tj ET Q q 0 0 0 rg BT 413.75 197.20 Td (1,686) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.00 197.20 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.75 197.20 Td (665,097) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 183.21 Td (Other financial liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.50 183.21 Td (19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.00 183.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.75 183.21 Td (1,444) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 183.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 183.21 Td (1,444) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.00 169.20 Td (T) Tj ET Q q 0 0 0 rg BT 61.18 169.20 Td (otal liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.00 169.20 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 413.75 169.20 Td (1,444) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.00 169.20 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.75 169.20 Td (1,444) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 141.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 141.25 Td (There ) Tj ET Q q 0 0 0 rg BT 115.82 141.25 Td (were ) Tj ET Q q 0 0 0 rg BT 137.74 141.25 Td (no ) Tj ET Q q 0 0 0 rg BT 150.24 141.25 Td (transfers ) Tj ET Q q 0 0 0 rg BT 187.17 141.25 Td (between ) Tj ET Q q 0 0 0 rg BT 222.99 141.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 239.37 141.25 Td (value ) Tj ET Q q 0 0 0 rg BT 263.52 141.25 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 303.77 141.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 329.60 141.25 Td (for ) Tj ET Q q 0 0 0 rg BT 343.76 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.48 141.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 390.42 141.25 Td (presented. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 117.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 117.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.79 117.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 123.92 117.25 Td (value ) Tj ET Q q 0 0 0 rg BT 147.82 117.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.39 117.25 Td (current ) Tj ET Q q 0 0 0 rg BT 188.96 117.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 226.18 117.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 251.76 117.25 Td (and ) Tj ET Q q 0 0 0 rg BT 268.44 117.25 Td (other ) Tj ET Q q 0 0 0 rg BT 291.24 117.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 328.46 117.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 367.92 117.25 Td (relates ) Tj ET Q q 0 0 0 rg BT 396.26 117.25 Td (to ) Tj ET Q q 0 0 0 rg BT 406.29 117.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 448.52 117.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 485.74 117.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 534.65 117.25 Td (and ) Tj ET Q q 0 0 0 rg BT 551.34 117.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 105.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 94.57 105.25 Td (by ) Tj ET Q q 0 0 0 rg BT 106.83 105.25 Td (taking ) Tj ET Q q 0 0 0 rg BT 134.09 105.25 Td (into ) Tj ET Q q 0 0 0 rg BT 151.90 105.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 208.03 105.25 Td (market ) Tj ET Q q 0 0 0 rg BT 238.05 105.25 Td (parameters ) Tj ET Q q 0 0 0 rg BT 284.17 105.25 Td (at ) Tj ET Q q 0 0 0 rg BT 293.65 105.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.12 105.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 340.91 105.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 363.72 105.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 385.13 105.25 Td (using ) Tj ET Q q 0 0 0 rg BT 409.06 105.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 448.53 105.25 Td (techniques ) Tj ET Q q 0 0 0 rg BT 493.55 105.25 Td (widely ) Tj ET Q q 0 0 0 rg BT 523.03 105.25 Td (accepted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 93.25 Td (in ) Tj ET Q q 0 0 0 rg BT 64.11 93.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.66 93.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 115.97 93.25 Td (business ) Tj ET Q q 0 0 0 rg BT 152.20 93.25 Td (environment. ) Tj ET Q q 0 0 0 rg BT 207.57 93.25 Td (In ) Tj ET Q q 0 0 0 rg BT 218.24 93.25 Td (particular) Tj ET Q q 0 0 0 rg BT 256.15 93.25 Td (, ) Tj ET Q q 0 0 0 rg BT 260.98 93.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.53 93.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 291.74 93.25 Td (value ) Tj ET Q q 0 0 0 rg BT 315.73 93.25 Td (of ) Tj ET Q q 0 0 0 rg BT 326.39 93.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 360.38 93.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 401.30 93.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 438.61 93.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 465.39 93.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.16 93.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 513.92 93.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 531.24 93.25 Td (caps ) Tj ET Q q 0 0 0 rg BT 551.34 93.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 81.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 101.48 81.25 Td (by ) Tj ET Q q 0 0 0 rg BT 113.98 81.25 Td (taking ) Tj ET Q q 0 0 0 rg BT 141.48 81.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.19 81.25 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 199.23 81.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 230.61 81.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 268.09 81.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 308.34 81.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 325.83 81.25 Td (and ) Tj ET Q q 0 0 0 rg BT 342.76 81.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 374.70 81.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 398.58 81.25 Td (as ) Tj ET Q q 0 0 0 rg BT 409.41 81.25 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 455.49 81.25 Td (at ) Tj ET Q q 0 0 0 rg BT 465.21 81.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.93 81.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 512.96 81.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 536.01 81.25 Td (date.) Tj ET Q endstream endobj 109 0 obj <> endobj 110 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 713.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.10 713.10 Td (par ) Tj ET Q q 0 0 0 rg BT 121.43 713.10 Td (value ) Tj ET Q q 0 0 0 rg BT 144.64 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.52 713.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 173.85 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.84 713.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 209.16 713.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 256.26 713.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 286.70 713.10 Td (approximates ) Tj ET Q q 0 0 0 rg BT 342.13 713.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 357.56 713.10 Td (value ) Tj ET Q q 0 0 0 rg BT 380.77 713.10 Td (due ) Tj ET Q q 0 0 0 rg BT 396.77 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.10 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.87 713.10 Td (short ) Tj ET Q q 0 0 0 rg BT 441.43 713.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 476.86 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.75 713.10 Td (these ) Tj ET Q q 0 0 0 rg BT 508.85 713.10 Td (instruments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 701.10 Td (which ) Tj ET Q q 0 0 0 rg BT 80.94 701.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 111.22 701.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 150.93 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.76 701.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 183.70 701.10 Td (current ) Tj ET Q q 0 0 0 rg BT 214.51 701.10 Td (accounts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 90.00 677.10 Td (Assets and liabilities not measured at fair value on a recurring basis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 653.10 Td (For ) Tj ET Q q 0 0 0 rg BT 107.01 653.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 145.11 653.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 194.89 653.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 244.10 653.10 Td (by ) Tj ET Q q 0 0 0 rg BT 257.22 653.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 301.99 653.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 350.08 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.64 653.10 Td (payables, ) Tj ET Q q 0 0 0 rg BT 408.24 653.10 Td (for ) Tj ET Q q 0 0 0 rg BT 423.02 653.10 Td (which ) Tj ET Q q 0 0 0 rg BT 450.58 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.92 653.10 Td (present ) Tj ET Q q 0 0 0 rg BT 497.91 653.10 Td (value ) Tj ET Q q 0 0 0 rg BT 522.69 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.14 653.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 73.48 641.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 97.41 641.10 Td (does ) Tj ET Q q 0 0 0 rg BT 117.44 641.10 Td (not ) Tj ET Q q 0 0 0 rg BT 131.93 641.10 Td (dif) Tj ET Q q 0 0 0 rg BT 142.86 641.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 155.67 641.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 207.36 641.10 Td (from ) Tj ET Q q 0 0 0 rg BT 228.51 641.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 263.53 641.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 289.40 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.32 641.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 330.58 641.10 Td (assumes ) Tj ET Q q 0 0 0 rg BT 365.62 641.10 Td (that ) Tj ET Q q 0 0 0 rg BT 382.32 641.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 417.35 641.10 Td (value ) Tj ET Q q 0 0 0 rg BT 440.71 641.10 Td (is ) Tj ET Q q 0 0 0 rg BT 449.09 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 455.23 641.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 499.70 641.10 Td (approximation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 65.37 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.62 629.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 97.54 629.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 124.73 629.10 Td (In ) Tj ET Q q 0 0 0 rg BT 136.09 629.10 Td (particular) Tj ET Q q 0 0 0 rg BT 174.00 629.10 Td (, ) Tj ET Q q 0 0 0 rg BT 179.54 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.80 629.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 231.15 629.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 264.18 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.55 629.10 Td (current ) Tj ET Q q 0 0 0 rg BT 306.90 629.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 354.91 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.38 629.10 Td (other ) Tj ET Q q 0 0 0 rg BT 395.97 629.10 Td (current ) Tj ET Q q 0 0 0 rg BT 427.32 629.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 453.69 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.16 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.53 629.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 505.55 629.10 Td (payables ) Tj ET Q q 0 0 0 rg BT 543.58 629.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.10 Td (other ) Tj ET Q q 0 0 0 rg BT 77.05 617.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 116.76 617.10 Td (approximates ) Tj ET Q q 0 0 0 rg BT 173.14 617.10 Td (their ) Tj ET Q q 0 0 0 rg BT 193.96 617.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 210.34 617.10 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 593.10 Td (The following table represents carrying amount and fair value for the most relevant categories of financial assets and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 581.10 Td (liabilities not measured at fair value on a recurring basis:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 520.60 224.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 520.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 520.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 520.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 520.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 520.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 520.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 520.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 520.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 520.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 492.60 224.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 492.60 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 492.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 492.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 492.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 492.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 492.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 492.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 492.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 492.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 463.60 224.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 463.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 463.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 463.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 463.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 463.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 463.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 463.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 463.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 463.60 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 556.6 m 378.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 556.6 m 382.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 556.6 m 438.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 556.6 m 498.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 556.6 m 502.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 556.6 m 558.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 533.6 m 318.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 533.6 m 378.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 533.6 m 438.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 533.6 m 498.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 533.6 m 558.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 506.6 m 378.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 492.6 m 378.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 506.6 m 438.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 492.6 m 438.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 506.6 m 498.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 492.6 m 498.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 506.6 m 558.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 492.6 m 558.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 477.6 m 378.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 463.6 m 378.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 477.6 m 438.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 463.6 m 438.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 477.6 m 498.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 463.6 m 498.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 477.6 m 558.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 463.6 m 558.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 463.6 m 378.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 449.6 m 378.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 463.6 m 438.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 449.6 m 438.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 463.6 m 498.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 449.6 m 498.5 449.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 463.6 m 558.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 449.6 m 558.5 449.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.30 561.05 Td (At Mar) Tj ET Q q 0 0 0 rg BT 372.95 561.05 Td (ch 31, 2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.80 561.05 Td (At December) Tj ET Q q 0 0 0 rg BT 508.44 561.05 Td ( 31, 2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 289.00 538.05 Td (Note) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.25 547.05 Td (Carrying) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.20 538.05 Td (amount) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.80 547.05 Td (Fair) Tj ET Q q 0 0 0 rg BT 418.13 547.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.15 538.05 Td (V) Tj ET Q q 0 0 0 rg BT 404.82 538.05 Td (alue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.25 547.05 Td (Carrying) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.20 538.05 Td (amount) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 521.80 547.05 Td (Fair) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.15 538.05 Td (V) Tj ET Q q 0 0 0 rg BT 524.82 538.05 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.85 524.85 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 511.06 Td (Receivables from financing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.50 511.06 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.75 511.06 Td (721,443) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 511.06 Td (721,443) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.75 511.06 Td (732,947) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 511.06 Td (732,947) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 497.05 Td (T) Tj ET Q q 0 0 0 rg BT 62.18 497.05 Td (otal assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.75 497.05 Td (721,443) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.75 497.05 Td (721,443) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.75 497.05 Td (732,947) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.75 497.05 Td (732,947) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 468.06 Td (Debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.50 468.06 Td (23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.00 468.06 Td (1,822,421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.00 468.06 Td (1,839,964) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 468.06 Td (1,806,181) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 468.06 Td (1,819,337) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 57.00 454.05 Td (T) Tj ET Q q 0 0 0 rg BT 62.18 454.05 Td (otal liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 339.00 454.05 Td (1,822,421) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.00 454.05 Td (1,839,964) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.00 454.05 Td (1,806,181) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.00 454.05 Td (1,819,337) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 426.10 Td (27. RELA) Tj ET Q q 0 0 0 rg BT 101.04 426.10 Td (TED P) Tj ET Q q 0 0 0 rg BT 129.47 426.10 Td (AR) Tj ET Q q 0 0 0 rg BT 143.56 426.10 Td (TY) Tj ET Q q 0 0 0 rg BT 157.08 426.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.40 426.10 Td (TRANSACTIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 402.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 402.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 128.08 402.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.93 402.10 Td (IAS ) Tj ET Q q 0 0 0 rg BT 158.12 402.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 173.69 402.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.98 402.10 Td (related ) Tj ET Q q 0 0 0 rg BT 219.26 402.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 248.99 402.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.40 402.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.69 402.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 304.32 402.10 Td (are ) Tj ET Q q 0 0 0 rg BT 319.60 402.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 351.56 402.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.07 402.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 416.59 402.10 Td (capable ) Tj ET Q q 0 0 0 rg BT 450.20 402.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.60 402.10 Td (exercising ) Tj ET Q q 0 0 0 rg BT 505.77 402.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 539.67 402.10 Td (joint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 390.10 Td (control ) Tj ET Q q 0 0 0 rg BT 85.08 390.10 Td (or ) Tj ET Q q 0 0 0 rg BT 96.17 390.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 141.14 390.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 181.10 390.10 Td (over ) Tj ET Q q 0 0 0 rg BT 201.63 390.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.61 390.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 244.92 390.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.12 390.10 Td (its ) Tj ET Q q 0 0 0 rg BT 274.32 390.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 326.80 390.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 372.32 390.10 Td (belonging ) Tj ET Q q 0 0 0 rg BT 415.07 390.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.61 390.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.59 390.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 459.49 390.10 Td ( ) Tj ET Q q 0 0 0 rg BT 462.25 390.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 490.56 390.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.75 390.10 Td (Exor ) Tj ET Q q 0 0 0 rg BT 529.95 390.10 Td (Group, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 378.10 Td (unconsolidated ) Tj ET Q q 0 0 0 rg BT 115.91 378.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 164.50 378.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.21 378.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.79 378.10 Td (Group, ) Tj ET Q q 0 0 0 rg BT 217.22 378.10 Td (associates ) Tj ET Q q 0 0 0 rg BT 258.58 378.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.39 378.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 294.09 378.10 Td (ventures. ) Tj ET Q q 0 0 0 rg BT 331.84 378.10 Td ( ) Tj ET Q q 0 0 0 rg BT 333.21 378.10 Td (In ) Tj ET Q q 0 0 0 rg BT 342.92 378.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 379.56 378.10 Td (members ) Tj ET Q q 0 0 0 rg BT 417.59 378.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.29 378.10 Td (Ferrari ) Tj ET Q q 0 0 0 rg BT 455.87 378.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 482.79 378.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 508.60 378.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.31 378.10 Td (Directors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 366.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 80.83 366.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.56 366.10 Td (Statutory ) Tj ET Q q 0 0 0 rg BT 130.09 366.10 Td (Auditors ) Tj ET Q q 0 0 0 rg BT 167.48 366.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.31 366.10 Td (executives ) Tj ET Q q 0 0 0 rg BT 228.91 366.10 Td (with ) Tj ET Q q 0 0 0 rg BT 249.08 366.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 285.35 366.10 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 348.29 366.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.13 366.10 Td (their ) Tj ET Q q 0 0 0 rg BT 385.85 366.10 Td (families ) Tj ET Q q 0 0 0 rg BT 420.45 366.10 Td (are ) Tj ET Q q 0 0 0 rg BT 435.05 366.10 Td (also ) Tj ET Q q 0 0 0 rg BT 453.56 366.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 499.27 366.10 Td (related ) Tj ET Q q 0 0 0 rg BT 528.86 366.10 Td (parties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 342.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 342.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.81 342.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 135.62 342.10 Td (carries ) Tj ET Q q 0 0 0 rg BT 164.53 342.10 Td (out ) Tj ET Q q 0 0 0 rg BT 179.57 342.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 229.60 342.10 Td (with ) Tj ET Q q 0 0 0 rg BT 249.64 342.10 Td (related ) Tj ET Q q 0 0 0 rg BT 279.10 342.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 308.02 342.10 Td (on ) Tj ET Q q 0 0 0 rg BT 320.28 342.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 369.74 342.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 394.22 342.10 Td (that ) Tj ET Q q 0 0 0 rg BT 411.48 342.10 Td (are ) Tj ET Q q 0 0 0 rg BT 425.95 342.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 456.53 342.10 Td (in ) Tj ET Q q 0 0 0 rg BT 466.57 342.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.05 342.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 523.85 342.10 Td (markets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 330.10 Td (considering ) Tj ET Q q 0 0 0 rg BT 102.57 330.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.69 330.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 175.79 330.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.03 330.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.16 330.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 225.96 330.10 Td (or ) Tj ET Q q 0 0 0 rg BT 236.20 330.10 Td (services ) Tj ET Q q 0 0 0 rg BT 270.32 330.10 Td (involved. ) Tj ET Q q 0 0 0 rg BT 309.59 330.10 Td (T) Tj ET Q q 0 0 0 rg BT 315.34 330.10 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 362.24 330.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 391.91 330.10 Td (out ) Tj ET Q q 0 0 0 rg BT 406.59 330.10 Td (by ) Tj ET Q q 0 0 0 rg BT 418.50 330.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.63 330.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 460.09 330.10 Td (with ) Tj ET Q q 0 0 0 rg BT 479.78 330.10 Td (these ) Tj ET Q q 0 0 0 rg BT 502.24 330.10 Td (related ) Tj ET Q q 0 0 0 rg BT 531.35 330.10 Td (parties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 318.10 Td (are ) Tj ET Q q 0 0 0 rg BT 68.71 318.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 108.42 318.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.25 318.10 Td (a ) Tj ET Q q 0 0 0 rg BT 126.19 318.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 175.88 318.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 203.37 318.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 222.81 318.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.09 318.10 Td (particular) Tj ET Q q 0 0 0 rg BT 271.00 318.10 Td (, ) Tj ET Q q 0 0 0 rg BT 276.00 318.10 Td (these ) Tj ET Q q 0 0 0 rg BT 299.04 318.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 349.31 318.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 374.01 318.10 Td (to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 294.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.00 294.10 Td (T) Tj ET Q q 0 0 0 rg BT 95.01 294.10 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 144.18 294.10 Td (with ) Tj ET Q q 0 0 0 rg BT 163.91 294.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 182.61 294.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.11 294.10 Td (Gr) Tj ET Q q 0 0 0 rg BT 195.85 294.10 Td (oup ) Tj ET Q q 0 0 0 rg BT 213.35 294.10 Td (companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 270.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 270.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 270.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 140.76 270.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.59 270.10 Td (engines ) Tj ET Q q 0 0 0 rg BT 184.64 270.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.58 270.10 Td (car ) Tj ET Q q 0 0 0 rg BT 216.29 270.10 Td (bodies ) Tj ET Q q 0 0 0 rg BT 244.89 270.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.17 270.10 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 292.66 270.10 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 320.44 270.10 Td (\(Maserati\) ) Tj ET Q q 0 0 0 rg BT 373.46 270.10 Td (which ) Tj ET Q q 0 0 0 rg BT 400.40 270.10 Td (is ) Tj ET Q q 0 0 0 rg BT 409.57 270.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 452.61 270.10 Td (by ) Tj ET Q q 0 0 0 rg BT 465.11 270.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.83 270.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 498.73 270.10 Td ( ) Tj ET Q q 0 0 0 rg BT 501.23 270.10 Td (Group;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 246.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 246.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.86 246.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 161.04 246.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.02 246.10 Td (engine ) Tj ET Q q 0 0 0 rg BT 201.32 246.10 Td (components ) Tj ET Q q 0 0 0 rg BT 252.28 246.10 Td (for ) Tj ET Q q 0 0 0 rg BT 266.59 246.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.45 246.10 Td (use ) Tj ET Q q 0 0 0 rg BT 297.42 246.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.85 246.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.71 246.10 Td (production ) Tj ET Q q 0 0 0 rg BT 368.68 246.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.65 246.10 Td (Maserati ) Tj ET Q q 0 0 0 rg BT 417.28 246.10 Td (engines ) Tj ET Q q 0 0 0 rg BT 450.47 246.10 Td (from ) Tj ET Q q 0 0 0 rg BT 472.55 246.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 491.45 246.10 Td ( ) Tj ET Q q 0 0 0 rg BT 494.10 246.10 Td (US ) Tj ET Q q 0 0 0 rg BT 509.53 246.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 533.56 246.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 234.10 Td (is ) Tj ET Q q 0 0 0 rg BT 117.17 234.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 160.21 234.10 Td (by ) Tj ET Q q 0 0 0 rg BT 172.71 234.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 191.61 234.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.11 234.10 Td (Group;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 210.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 210.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.61 210.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 158.55 210.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.28 210.10 Td (automotive ) Tj ET Q q 0 0 0 rg BT 214.67 210.10 Td (lighting ) Tj ET Q q 0 0 0 rg BT 247.18 210.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.01 210.10 Td (automotive ) Tj ET Q q 0 0 0 rg BT 309.40 210.10 Td (components ) Tj ET Q q 0 0 0 rg BT 359.13 210.10 Td (from ) Tj ET Q q 0 0 0 rg BT 379.96 210.10 Td (Magneti ) Tj ET Q q 0 0 0 rg BT 414.68 210.10 Td (Marelli ) Tj ET Q q 0 0 0 rg BT 445.52 210.10 Td (S.p.A., ) Tj ET Q q 0 0 0 rg BT 474.39 210.10 Td (Automotive ) Tj ET Q q 0 0 0 rg BT 523.56 210.10 Td (Lighting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 198.10 Td (Italia ) Tj ET Q q 0 0 0 rg BT 132.24 198.10 Td (S.p.A., ) Tj ET Q q 0 0 0 rg BT 163.72 198.10 Td (Sistemi ) Tj ET Q q 0 0 0 rg BT 197.42 198.10 Td (Sospensioni ) Tj ET Q q 0 0 0 rg BT 249.45 198.10 Td (S.p.A. ) Tj ET Q q 0 0 0 rg BT 278.43 198.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.56 198.10 Td (Magneti ) Tj ET Q q 0 0 0 rg BT 333.58 198.10 Td (Marelli ) Tj ET Q q 0 0 0 rg BT 366.71 198.10 Td (Powertrain ) Tj ET Q q 0 0 0 rg BT 414.29 198.10 Td (Slovakia ) Tj ET Q q 0 0 0 rg BT 452.98 198.10 Td (s.r) Tj ET Q q 0 0 0 rg BT 462.15 198.10 Td (.o. ) Tj ET Q q 0 0 0 rg BT 475.84 198.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 507.30 198.10 Td (form ) Tj ET Q q 0 0 0 rg BT 530.44 198.10 Td (part ) Tj ET Q q 0 0 0 rg BT 549.68 198.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 186.10 Td (Magneti ) Tj ET Q q 0 0 0 rg BT 148.26 186.10 Td (Marelli\), ) Tj ET Q q 0 0 0 rg BT 190.47 186.10 Td (which ) Tj ET Q q 0 0 0 rg BT 217.40 186.10 Td (are ) Tj ET Q q 0 0 0 rg BT 232.11 186.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 275.15 186.10 Td (by ) Tj ET Q q 0 0 0 rg BT 287.65 186.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.37 186.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 321.27 186.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.77 186.10 Td (Group;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 162.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 162.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 157.66 162.10 Td (with ) Tj ET Q q 0 0 0 rg BT 177.33 162.10 Td (other ) Tj ET Q q 0 0 0 rg BT 199.77 162.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 218.67 162.10 Td ( ) Tj ET Q q 0 0 0 rg BT 220.57 162.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 248.01 162.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 295.17 162.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 324.84 162.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 357.28 162.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.95 162.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.06 162.10 Td (services ) Tj ET Q q 0 0 0 rg BT 415.16 162.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 452.60 162.10 Td (by ) Tj ET Q q 0 0 0 rg BT 464.50 162.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 483.40 162.10 Td ( ) Tj ET Q q 0 0 0 rg BT 485.29 162.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 512.74 162.10 Td (companies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 150.10 Td (including ) Tj ET Q q 0 0 0 rg BT 147.39 150.10 Td (human ) Tj ET Q q 0 0 0 rg BT 176.22 150.10 Td (resources, ) Tj ET Q q 0 0 0 rg BT 218.09 150.10 Td (payroll, ) Tj ET Q q 0 0 0 rg BT 250.53 150.10 Td (tax, ) Tj ET Q q 0 0 0 rg BT 266.86 150.10 Td (customs ) Tj ET Q q 0 0 0 rg BT 301.25 150.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.30 150.10 Td (procurement ) Tj ET Q q 0 0 0 rg BT 369.45 150.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.39 150.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 419.32 150.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 457.02 150.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.07 150.10 Td (sponsorship ) Tj ET Q q 0 0 0 rg BT 522.47 150.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 138.10 Td (for ) Tj ET Q q 0 0 0 rg BT 122.16 138.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.88 138.10 Td (display ) Tj ET Q q 0 0 0 rg BT 168.26 138.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.09 138.10 Td (FCA) Tj ET Q q 0 0 0 rg BT 198.00 138.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.50 138.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 228.55 138.10 Td (company ) Tj ET Q q 0 0 0 rg BT 267.70 138.10 Td (logos ) Tj ET Q q 0 0 0 rg BT 291.87 138.10 Td (on ) Tj ET Q q 0 0 0 rg BT 304.37 138.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.09 138.10 Td (Formula ) Tj ET Q q 0 0 0 rg BT 355.48 138.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 362.98 138.10 Td (cars;) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 114.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 114.10 Td (T) Tj ET Q q 0 0 0 rg BT 95.01 114.10 Td (ransactions with Exor Gr) Tj ET Q q 0 0 0 rg BT 196.59 114.10 Td (oup companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 90.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 90.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.00 90.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 151.34 90.10 Td (incurs ) Tj ET Q q 0 0 0 rg BT 178.56 90.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 204.11 90.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 226.89 90.10 Td (from ) Tj ET Q q 0 0 0 rg BT 249.12 90.10 Td (Iveco ) Tj ET Q q 0 0 0 rg BT 274.11 90.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 302.45 90.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 347.99 90.10 Td (related ) Tj ET Q q 0 0 0 rg BT 377.98 90.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.54 90.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.54 90.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 429.09 90.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.21 90.10 Td (trucks ) Tj ET Q q 0 0 0 rg BT 467.43 90.10 Td (used ) Tj ET Q q 0 0 0 rg BT 488.55 90.10 Td (by ) Tj ET Q q 0 0 0 rg BT 501.33 90.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.33 90.10 Td (Formula ) Tj ET Q q 0 0 0 rg BT 553.00 90.10 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 78.10 Td (racing ) Tj ET Q q 0 0 0 rg BT 135.49 78.10 Td (team;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 54.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 54.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 54.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 150.77 54.10 Td (earns ) Tj ET Q q 0 0 0 rg BT 174.37 54.10 Td (sponsorship ) Tj ET Q q 0 0 0 rg BT 224.65 54.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 258.80 54.10 Td (from ) Tj ET Q q 0 0 0 rg BT 280.73 54.10 Td (Iveco ) Tj ET Q q 0 0 0 rg BT 305.44 54.10 Td (S.p.A.) Tj ET Q endstream endobj 111 0 obj <> endobj 112 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-26) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 701.10 Td (T) Tj ET Q q 0 0 0 rg BT 95.01 701.10 Td (ransactions with other r) Tj ET Q q 0 0 0 rg BT 191.04 701.10 Td (elated parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 677.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 677.10 Td (the purchase of components for Formula 1 racing cars from COXA) Tj ET Q q 0 0 0 rg BT 376.26 677.10 Td ( S.p.A., controlled by Piero Ferrari;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 653.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 653.10 Td (consultancy services provided by HPE S.r) Tj ET Q q 0 0 0 rg BT 275.75 653.10 Td (.l., controlled by Piero Ferrari;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 629.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 629.10 Td (sponsorship agreement relating to Formula 1 activities with Ferretti S.p.A.;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 605.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 605.10 Td (sale of cars to certain members of the Board of Directors of Ferrari N.V) Tj ET Q q 0 0 0 rg BT 393.83 605.10 Td (. and Exor) Tj ET Q q 0 0 0 rg BT 434.65 605.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 581.10 Td (In ) Tj ET Q q 0 0 0 rg BT 99.66 581.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 145.94 581.10 Td (with ) Tj ET Q q 0 0 0 rg BT 165.05 581.10 Td (IAS ) Tj ET Q q 0 0 0 rg BT 182.49 581.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 196.31 581.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 245.40 581.10 Td (with ) Tj ET Q q 0 0 0 rg BT 264.50 581.10 Td (related ) Tj ET Q q 0 0 0 rg BT 293.03 581.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 321.01 581.10 Td (also ) Tj ET Q q 0 0 0 rg BT 338.45 581.10 Td (include ) Tj ET Q q 0 0 0 rg BT 369.21 581.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 426.07 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 435.18 581.10 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 476.21 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.46 581.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 513.56 581.10 Td (Committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 70.94 569.10 Td (managers ) Tj ET Q q 0 0 0 rg BT 111.75 569.10 Td (with ) Tj ET Q q 0 0 0 rg BT 132.03 569.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 168.40 569.10 Td (responsibilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 545.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.05 545.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 144.43 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.26 545.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 205.53 545.10 Td (with ) Tj ET Q q 0 0 0 rg BT 225.81 545.10 Td (related ) Tj ET Q q 0 0 0 rg BT 255.51 545.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 284.66 545.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 331.03 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.30 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.02 545.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 409.06 545.10 Td (income ) Tj ET Q q 0 0 0 rg BT 441.00 545.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 481.82 545.10 Td (are ) Tj ET Q q 0 0 0 rg BT 496.52 545.10 Td (as ) Tj ET Q q 0 0 0 rg BT 507.35 545.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 466.60 154.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 466.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 466.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 466.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 466.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 466.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 466.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 466.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 466.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 466.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 466.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 466.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 440.60 154.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 440.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 440.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 440.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 440.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 440.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 440.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 440.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 440.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 440.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 440.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 440.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 414.60 154.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 414.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 414.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 414.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 414.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 414.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 414.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 414.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 414.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 414.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 414.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 414.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 388.60 154.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 388.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 388.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 388.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 388.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 388.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 388.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 388.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 388.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 388.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 388.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 388.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 356.60 154.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 356.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 356.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 356.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 356.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 356.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 356.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 356.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 356.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 356.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 356.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 356.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 330.60 154.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 330.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 330.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 330.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 330.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 330.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 330.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 330.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 330.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 330.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 330.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 330.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 304.60 154.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 304.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 304.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 304.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 304.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 304.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 304.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 304.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 304.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 304.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 304.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 304.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 278.60 154.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 278.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 278.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 278.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 278.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 278.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 278.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 278.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 278.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 278.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 278.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 278.60 55.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 521.6 m 262.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 521.6 m 266.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 521.6 m 321.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 521.6 m 325.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 521.6 m 380.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 521.6 m 384.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 521.6 m 439.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 521.6 m 443.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 521.6 m 498.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 521.6 m 502.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 521.6 m 557.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 521.6 m 262.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 508.6 m 262.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 521.6 m 266.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 508.6 m 266.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 521.6 m 321.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 508.6 m 321.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 521.6 m 325.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 508.6 m 325.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 521.6 m 380.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 508.6 m 380.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 521.6 m 439.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 508.6 m 439.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 521.6 m 443.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 508.6 m 443.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 521.6 m 498.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 508.6 m 498.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 521.6 m 502.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 508.6 m 502.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 521.6 m 557.5 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 508.6 m 557.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 479.6 m 262.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 479.6 m 321.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 479.6 m 380.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 479.6 m 439.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 508.6 m 498.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 479.6 m 498.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 479.6 m 557.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 401.6 m 262.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 388.6 m 262.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 401.6 m 321.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 388.6 m 321.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 401.6 m 380.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 388.6 m 380.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 401.6 m 439.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 388.6 m 439.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 401.6 m 498.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 388.6 m 498.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 401.6 m 557.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 388.6 m 557.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 375.6 m 262.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 356.6 m 262.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 375.6 m 321.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 356.6 m 321.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 375.6 m 380.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 356.6 m 380.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 375.6 m 439.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 356.6 m 439.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 375.6 m 498.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 356.6 m 498.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 375.6 m 557.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 356.6 m 557.5 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 291.6 m 262.5 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 291.6 m 321.5 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 291.6 m 380.5 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 291.6 m 439.5 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 291.6 m 498.5 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 278.6 m 498.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 291.6 m 557.5 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 278.6 m 262.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 278.6 m 321.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 278.6 m 380.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 278.6 m 439.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 278.6 m 498.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 278.6 m 557.5 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 265.6 m 262.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 253.60000000000002 m 262.5 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 251.60000000000002 m 262.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 265.6 m 321.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 253.60000000000002 m 321.5 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 251.60000000000002 m 321.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 265.6 m 380.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 253.60000000000002 m 380.5 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 251.60000000000002 m 380.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 265.6 m 439.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 253.60000000000002 m 439.5 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 251.60000000000002 m 439.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 265.6 m 498.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 253.60000000000002 m 498.5 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 251.60000000000002 m 498.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 265.6 m 557.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 253.60000000000002 m 557.5 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 251.60000000000002 m 557.5 251.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.30 525.83 Td (For) Tj ET Q q 0 0 0 rg BT 330.59 525.83 Td ( the thr) Tj ET Q q 0 0 0 rg BT 355.78 525.83 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 429.62 525.83 Td (ch 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.50 512.83 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.50 512.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.50 491.83 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.45 483.83 Td (r) Tj ET Q q 0 0 0 rg BT 222.93 483.83 Td (evenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.05 491.83 Td (\(Income\) / ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.65 483.83 Td (Cost ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 299.20 487.46 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.45 499.83 Td (Financial) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.15 491.83 Td (income/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.90 483.83 Td (\(expenses\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.50 491.83 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.45 483.83 Td (r) Tj ET Q q 0 0 0 rg BT 399.93 483.83 Td (evenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.05 491.83 Td (\(Income\) / ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.65 483.83 Td (Cost ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 476.20 487.46 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.45 499.83 Td (Financial) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.15 491.83 Td (income/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.90 483.83 Td (\(expenses\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.85 470.85 Td (\( thousand\)) Tj ET Q BT /F4 8.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 463.25 76.02 -7.14 re f /GS0 gs q 0 0 0 rg BT 56.00 457.83 Td (FCA) Tj ET Q q 0 0 0 rg BT 71.57 457.83 Td ( Group companies) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 56.00 444.85 Td (Maserati) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.30 444.85 Td (58,904) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 444.85 Td (563) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.30 444.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 444.85 Td (86,181) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 444.85 Td (2,276) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 444.85 Td () Tj ET Q BT /F1 8.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 437.40 44.46 -7.27 re f /GS0 gs q 0 0 0 rg BT 56.00 431.85 Td (FCA) Tj ET Q q 0 0 0 rg BT 71.12 431.85 Td ( US LLC) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.30 431.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.30 431.85 Td (7,676) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.30 431.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.30 431.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.30 431.85 Td (15,928) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 431.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 56.00 418.85 Td (Magneti Marelli) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.30 418.85 Td (380) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.30 418.85 Td (10,1) Tj ET Q q 0 0 0 rg BT 310.30 418.85 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.30 418.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 418.85 Td (413) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 418.85 Td (8,100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 418.85 Td () Tj ET Q BT /F1 8.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 411.40 93.99 -7.27 re f /GS0 gs q 0 0 0 rg BT 56.00 405.85 Td (Other FCA) Tj ET Q q 0 0 0 rg BT 91.34 405.85 Td ( Group companies) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.30 405.85 Td (2,264) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.30 405.85 Td (1,709) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.60 405.85 Td (\(283) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.30 405.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 405.85 Td (1,984) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 405.85 Td (2,465) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.60 405.85 Td (\(272) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.30 405.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 392.83 Td (T) Tj ET Q q 0 0 0 rg BT 60.60 392.83 Td (otal FCA) Tj ET Q q 0 0 0 rg BT 91.49 392.83 Td ( Gr) Tj ET Q q 0 0 0 rg BT 103.12 392.83 Td (oup companies) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 237.30 392.83 Td (61,548) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.30 392.83 Td (20,063) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.60 392.83 Td (\(283) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.30 392.83 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.30 392.83 Td (88,578) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.30 392.83 Td (28,769) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 539.60 392.83 Td (\(272) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.30 392.83 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 367.68 Td (Exor) Tj ET Q q 0 0 0 rg BT 72.74 367.68 Td ( Gr) Tj ET Q q 0 0 0 rg BT 84.37 367.68 Td (oup companies \(excluding the FCA) Tj ET Q q 0 0 0 rg BT 203.49 367.68 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 359.68 Td (Gr) Tj ET Q q 0 0 0 rg BT 65.63 359.68 Td (oup\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 251.30 360.83 Td (72) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.30 360.83 Td (37) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.30 360.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.30 360.83 Td (50) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.30 360.83 Td (27) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 360.83 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 56.00 334.83 Td (Other related parties) Tj ET Q BT /F1 8.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 327.40 44.45 -7.27 re f /GS0 gs q 0 0 0 rg BT 56.00 321.85 Td (COXA) Tj ET Q q 0 0 0 rg BT 78.23 321.85 Td ( S.p.A.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.30 321.85 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.30 321.85 Td (2,207) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.30 321.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.30 321.85 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 321.85 Td (1,846) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 321.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 56.00 308.85 Td (HPE S.r) Tj ET Q q 0 0 0 rg BT 83.79 308.85 Td (.l.) 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BT 546.00 595.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 56.00 574.85 Td (Other FCA) Tj ET Q q 0 0 0 rg BT 91.34 574.85 Td ( Group companies) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.25 574.85 Td (4,521) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.25 574.85 Td (2,968) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.25 574.85 Td (1,860) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.00 574.85 Td (72) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.00 574.85 Td (2,657) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.00 574.85 Td (4,646) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.25 574.85 Td (2,097) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.00 574.85 Td (27) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 553.83 Td (T) Tj ET Q q 0 0 0 rg BT 60.60 553.83 Td (otal FCA) Tj ET Q q 0 0 0 rg BT 91.49 553.83 Td ( Gr) Tj ET Q q 0 0 0 rg BT 103.12 553.83 Td (oup companies) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.25 558.28 Td (58,420) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.25 558.28 Td (22,677) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.25 558.28 Td (2,035) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.00 558.28 Td (36,392) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.00 558.28 Td (75,245) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.00 558.28 Td (22,625) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.25 558.28 Td (2,097) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.00 558.28 Td (37,523) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 521.83 Td (Exor) Tj ET Q q 0 0 0 rg BT 72.74 521.83 Td ( Gr) Tj ET Q q 0 0 0 rg BT 84.37 521.83 Td (oup companies ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 513.83 Td (\(excluding the FCA) Tj ET Q q 0 0 0 rg BT 122.22 513.83 Td ( Gr) Tj ET Q q 0 0 0 rg BT 133.85 513.83 Td (oup\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 192.30 513.83 Td (415) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.30 513.83 Td (174) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.30 513.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.00 513.83 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.00 513.83 Td (345) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.00 513.83 Td (202) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.30 513.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.00 513.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 487.83 Td (Other) Tj ET Q q 0 0 0 rg BT 76.37 487.83 Td ( r) Tj ET Q q 0 0 0 rg BT 81.77 487.83 Td (elated parties) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 56.00 474.85 Td (COXA) Tj ET Q q 0 0 0 rg BT 78.45 474.85 Td ( S.p.A.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.30 474.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.25 474.85 Td (1,637) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.30 474.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.00 474.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.00 474.85 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.00 474.85 Td (1,142) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.30 474.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.00 474.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 56.00 461.85 Td (HPE S.r) Tj ET Q q 0 0 0 rg BT 84.01 461.85 Td (.l.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 196.30 461.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.25 461.85 Td (1,270) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.30 461.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.00 461.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.00 461.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.00 461.85 Td (1,150) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.30 461.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.00 461.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 56.00 448.85 Td (Other related parties) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.30 448.85 Td (330) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.30 448.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.30 448.85 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.00 448.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.00 448.85 Td (268) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.00 448.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.30 448.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.00 448.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 427.83 Td (T) Tj ET Q q 0 0 0 rg BT 60.97 427.83 Td (otal other) Tj ET Q q 0 0 0 rg BT 93.63 427.83 Td ( r) Tj ET Q q 0 0 0 rg BT 99.04 427.83 Td (elated parties) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 192.30 427.83 Td (331) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.25 427.83 Td (2,907) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.30 427.83 Td (23) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.00 432.28 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.00 432.28 Td (271) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.00 432.28 Td (2,292) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.30 427.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.00 432.28 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 414.83 Td (T) Tj ET Q q 0 0 0 rg BT 60.97 414.83 Td (otal transactions with) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 406.83 Td (r) Tj ET Q q 0 0 0 rg BT 59.48 406.83 Td (elated parties) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.25 411.28 Td (59,166) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.25 411.28 Td (25,758) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.25 411.28 Td (2,058) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.00 411.28 Td (36,397) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.00 411.28 Td (75,861) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.00 411.28 Td (25,1) Tj ET Q q 0 0 0 rg BT 446.00 411.28 Td (19) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.25 411.28 Td (2,097) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.00 411.28 Td (37,523) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 393.83 Td (T) Tj ET Q q 0 0 0 rg BT 60.60 393.83 Td (otal for) Tj ET Q q 0 0 0 rg BT 85.56 393.83 Td ( the Gr) Tj ET Q q 0 0 0 rg BT 109.85 393.83 Td (oup) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 178.25 393.83 Td (253,953) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.25 393.83 Td (628,045) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.25 393.83 Td (84,818) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.00 393.83 Td (729,950) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.00 393.83 Td (239,410) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.00 393.83 Td (607,505) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.25 393.83 Td (51,566) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 393.83 Td (649,510) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 378.10 Td (______________________________) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 368.50 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 72.00 368.50 Td (Other curr) Tj ET Q q 0 0 0 rg BT 106.14 368.50 Td (ent assets include other curr) Tj ET Q q 0 0 0 rg BT 196.95 368.50 Td (ent assets and curr) Tj ET Q q 0 0 0 rg BT 257.31 368.50 Td (ent tax r) Tj ET Q q 0 0 0 rg BT 283.68 368.50 Td (eceivables.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 358.90 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 72.00 358.90 Td (Other liabilities include other liabilities and curr) Tj ET Q q 0 0 0 rg BT 229.02 358.90 Td (ent tax payables.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 334.90 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 334.90 Td (Financial assets originating from related party transactions are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 272.40 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 272.40 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 272.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 272.40 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 242.40 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 242.40 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 242.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 242.40 90.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 300.4 m 463.5 300.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 300.4 m 557.5 300.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 285.4 m 463.5 285.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 285.4 m 467.5 285.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 285.4 m 557.5 285.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 257.4 m 463.5 257.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 242.39999999999998 m 463.5 242.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 257.4 m 557.5 257.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 242.39999999999998 m 557.5 242.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 242.39999999999998 m 463.5 242.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 228.39999999999998 m 463.5 228.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 226.39999999999998 m 463.5 226.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 242.39999999999998 m 557.5 242.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 228.39999999999998 m 557.5 228.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 226.39999999999998 m 557.5 226.39999999999998 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.30 304.63 Td (At Mar) Tj ET Q q 0 0 0 rg BT 411.77 304.63 Td (ch 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 304.63 Td (At December) Tj ET Q q 0 0 0 rg BT 519.44 304.63 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.40 289.63 Td (Curr) Tj ET Q q 0 0 0 rg BT 441.58 289.63 Td (ent financial assets) Tj ET Q BT /F1 8.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 267.20 93.99 -7.27 re f /GS0 gs q 0 0 0 rg BT 56.00 261.65 Td (Other FCA) Tj ET Q q 0 0 0 rg BT 91.34 261.65 Td ( Group companies) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.30 263.00 Td (3,056) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 261.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 246.63 Td (T) Tj ET Q q 0 0 0 rg BT 60.60 246.63 Td (otal transactions with r) Tj ET Q q 0 0 0 rg BT 139.79 246.63 Td (elated parties) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.30 248.08 Td (3,056) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 248.08 Td () Tj ET Q BT /F2 8.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 237.05 66.75 -7.14 re f /GS0 gs q 0 0 0 rg BT 56.00 231.63 Td (T) Tj ET Q q 0 0 0 rg BT 60.60 231.63 Td (otal for) Tj ET Q q 0 0 0 rg BT 85.56 231.63 Td ( the Gr) Tj ET Q q 0 0 0 rg BT 109.85 231.63 Td (oup) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.30 233.08 Td (14,977) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 233.08 Td (15,683) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 115 0 obj <> endobj 116 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 294.65 32.20 Td (F-28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 713.25 Td (28. ENTITY) Tj ET Q q 0 0 0 rg BT 111.43 713.25 Td (-WIDE DISCLOSURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 689.25 Td (The ) Tj ET Q q 0 0 0 rg BT 107.76 689.25 Td (following ) Tj ET Q q 0 0 0 rg BT 148.86 689.25 Td (table ) Tj ET Q q 0 0 0 rg BT 170.50 689.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 205.48 689.25 Td (an ) Tj ET Q q 0 0 0 rg BT 217.13 689.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 251.56 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.10 689.25 Td (net ) Tj ET Q q 0 0 0 rg BT 276.53 689.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 314.28 689.25 Td (by ) Tj ET Q q 0 0 0 rg BT 326.49 689.25 Td (geographic ) Tj ET Q q 0 0 0 rg BT 373.13 689.25 Td (location ) Tj ET Q q 0 0 0 rg BT 407.55 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.10 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.52 689.25 Td (Group) Tj ET Q q 0 0 0 rg BT 460.85 689.25 Td (s ) Tj ET Q q 0 0 0 rg BT 466.96 689.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 509.72 689.25 Td (for ) Tj ET Q q 0 0 0 rg BT 523.59 689.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.02 689.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.25 Td (months ) Tj ET Q q 0 0 0 rg BT 85.95 677.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.33 677.25 Td (March ) Tj ET Q q 0 0 0 rg BT 140.92 677.25 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.42 677.25 Td ( ) Tj ET Q q 0 0 0 rg BT 155.92 677.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.92 677.25 Td ( ) Tj ET Q q 0 0 0 rg BT 178.42 677.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.36 677.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.36 677.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 613.75 342.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 613.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 613.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 613.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 613.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 585.75 342.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 585.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 585.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 585.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 585.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 557.75 342.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 557.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 557.75 77.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 557.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 557.75 77.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 640.75 m 399.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 640.75 m 476.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 640.75 m 480.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 640.75 m 557.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 640.75 m 399.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 626.75 m 399.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 640.75 m 476.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 626.75 m 476.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 640.75 m 557.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 626.75 m 557.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 543.75 m 476.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 543.75 m 557.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 543.75 m 399.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 530.75 m 399.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 528.75 m 399.5 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 543.75 m 476.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 530.75 m 476.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 528.75 m 476.5 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 543.75 m 557.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 530.75 m 557.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 528.75 m 557.5 528.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.10 645.20 Td (For) Tj ET Q q 0 0 0 rg BT 418.01 645.20 Td ( the thr) Tj ET Q q 0 0 0 rg BT 446.34 645.20 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 529.42 645.20 Td (ch 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.50 631.20 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 509.50 631.20 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.35 618.01 Td (\( thousand\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 604.21 Td (Italy) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.75 604.21 Td (1) Tj ET Q q 0 0 0 rg BT 448.25 604.21 Td (1) Tj ET Q q 0 0 0 rg BT 452.75 604.21 Td (1,157) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 604.21 Td (122,452) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 590.21 Td (Other EMEA) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.75 590.21 Td (362,360) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 590.21 Td (371,706) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 576.21 Td (Americas ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 92.73 580.29 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.75 576.21 Td (214,949) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.75 576.21 Td (172,222) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 562.21 Td (China, Hong Kong and ) Tj ET Q q 0 0 0 rg BT 141.58 562.21 Td (T) Tj ET Q q 0 0 0 rg BT 146.45 562.21 Td (aiwan \(on a combined basis\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.25 562.21 Td (69,974) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 562.21 Td (77,633) 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Central and South ) Tj ET Q q 0 0 0 rg BT 408.11 508.65 Td (America.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.00 499.05 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 72.00 499.05 Td (Rest of ) Tj ET Q q 0 0 0 rg BT 95.85 499.05 Td (AP) Tj ET Q q 0 0 0 rg BT 104.59 499.05 Td (AC mainly includes Japan, ) Tj ET Q q 0 0 0 rg BT 192.66 499.05 Td (Australia, Singapor) Tj ET Q q 0 0 0 rg BT 255.48 499.05 Td (e, Indonesia and South Kor) Tj ET Q q 0 0 0 rg BT 342.95 499.05 Td (ea.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 475.05 Td (29. 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 295.05 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 295.05 Td (Concurrently ) Tj ET Q q 0 0 0 rg BT 144.48 295.05 Td (with ) Tj ET Q q 0 0 0 rg BT 163.97 295.05 Td (the ) Tj ET Q q 0 0 0 rg BT 177.53 295.05 Td (Annual ) Tj ET Q q 0 0 0 rg BT 208.68 295.05 Td (General ) Tj ET Q q 0 0 0 rg BT 242.05 295.05 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 277.09 295.05 Td (of ) Tj ET Q q 0 0 0 rg BT 287.13 295.05 Td (Shareholders, ) Tj ET Q q 0 0 0 rg BT 343.56 295.05 Td (the ) Tj ET Q q 0 0 0 rg BT 357.49 295.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 398.09 295.05 Td (published ) Tj ET Q q 0 0 0 rg BT 438.70 295.05 Td (its ) Tj ET Q q 0 0 0 rg BT 449.86 295.05 Td (2017 ) Tj ET Q q 0 0 0 rg BT 471.58 295.05 Td (Sustainability ) Tj ET Q q 0 0 0 rg BT 528.29 295.05 Td (Report, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 283.05 Td (prepared ) Tj ET Q q 0 0 0 rg BT 91.48 283.05 Td (in ) Tj ET Q q 0 0 0 rg BT 101.75 283.05 Td (compliance ) Tj ET Q q 0 0 0 rg BT 150.34 283.05 Td (with ) Tj ET Q q 0 0 0 rg BT 170.62 283.05 Td (the ) Tj ET Q q 0 0 0 rg BT 185.34 283.05 Td (GRI ) Tj ET Q q 0 0 0 rg BT 209.50 283.05 Td (Sustainability ) Tj ET Q q 0 0 0 rg BT 267.00 283.05 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 309.49 283.05 Td (Standards.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 259.05 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 259.05 Td (On ) Tj ET Q q 0 0 0 rg BT 105.70 259.05 Td (May ) Tj ET Q q 0 0 0 rg BT 127.51 259.05 Td (2, ) Tj ET Q q 0 0 0 rg BT 138.49 259.05 Td (2018, ) Tj ET Q q 0 0 0 rg BT 164.47 259.05 Td (following ) Tj ET Q q 0 0 0 rg BT 206.84 259.05 Td (the ) Tj ET Q q 0 0 0 rg BT 222.54 259.05 Td (approval ) Tj ET Q q 0 0 0 rg BT 261.00 259.05 Td (of ) Tj ET Q q 0 0 0 rg BT 272.81 259.05 Td (the ) Tj ET Q q 0 0 0 rg BT 288.51 259.05 Td (2017 ) Tj ET Q q 0 0 0 rg BT 311.22 259.05 Td (Annual ) Tj ET Q q 0 0 0 rg BT 343.37 259.05 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 384.62 259.05 Td (by ) Tj ET Q q 0 0 0 rg BT 398.10 259.05 Td (the ) Tj ET Q q 0 0 0 rg BT 413.80 259.05 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 467.82 259.05 Td (at ) Tj ET Q q 0 0 0 rg BT 478.52 259.05 Td (the ) Tj ET Q q 0 0 0 rg BT 493.44 259.05 Td (Annual ) Tj ET Q q 0 0 0 rg BT 526.36 259.05 Td (General ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 247.05 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 89.84 247.05 Td (of ) Tj ET Q q 0 0 0 rg BT 100.68 247.05 Td (the ) Tj ET Q q 0 0 0 rg BT 115.41 247.05 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 170.12 247.05 Td (on ) Tj ET Q q 0 0 0 rg BT 182.08 247.05 Td (April ) Tj ET Q q 0 0 0 rg BT 205.70 247.05 Td (13, ) Tj ET Q q 0 0 0 rg BT 220.71 247.05 Td (2018, ) Tj ET Q q 0 0 0 rg BT 245.72 247.05 Td (the ) Tj ET Q q 0 0 0 rg BT 260.45 247.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 301.85 247.05 Td (paid ) Tj ET Q q 0 0 0 rg BT 321.58 247.05 Td (a ) Tj ET Q q 0 0 0 rg BT 328.53 247.05 Td (dividend ) Tj ET Q q 0 0 0 rg BT 366.03 247.05 Td (in ) Tj ET Q q 0 0 0 rg BT 376.32 247.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 396.60 247.05 Td (of ) Tj ET Q q 0 0 0 rg BT 407.44 247.05 Td (0.71 ) Tj ET Q q 0 0 0 rg BT 432.46 247.05 Td (per ) Tj ET Q q 0 0 0 rg BT 447.73 247.05 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 496.91 247.05 Td (common ) Tj ET Q q 0 0 0 rg BT 534.42 247.05 Td (share, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 235.05 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 113.71 235.05 Td (to ) Tj ET Q q 0 0 0 rg BT 123.99 235.05 Td (a ) Tj ET Q q 0 0 0 rg BT 130.92 235.05 Td (total ) Tj ET Q q 0 0 0 rg BT 151.20 235.05 Td (dividend ) Tj ET Q q 0 0 0 rg BT 188.69 235.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 221.19 235.05 Td (of ) Tj ET Q q 0 0 0 rg BT 232.02 235.05 Td (134 ) Tj ET Q q 0 0 0 rg BT 254.52 235.05 Td (million.) 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