progress but not yet due to make payments for goods and services according to the credit term. As a result, trade accounts payable increased. Unbilled payables increased by 100.5 MB, representing an increase

-term loans from financial institution 213 316 (33%) Trade accounts payable 1,326 7,479 (82%) Amount due to related parties - - Current portion of liabilities under rehabilitation plan 535 464 15% Current

equity 2017 2016 + / (-) Current liabilities Short-term loans from financial institution 213 316 (33%) Trade accounts payable 1,326 7,479 (82%) Amount due to related parties - - Current portion of

% Increase (Decrease) Liabilities and equity Current liabilities Short-term loan from financial institution 289 316 (9%) Trade accounts payable 1,876 7,479 (75%) Current portion of liabilities under

372.7 22.9% As of June 30, 2017, the Company’s total liabilities increased by 372.7 MB or 22.9% from December 31, 2016, The reasons for major changes are as follows: Trade accounts payable and other

increased by 953.6 MB or 62.4 % from December 31, 2018, the reasons for major changes are as follows: Trade accounts payable and other Payables increased by 436.8 MB, representing an increase of 68.0% from Q4

liabilities 139,590 160,138 (20,548) (12.8) Accounts payable to clearing house and broker - dealers 333,716 422,323 (88,607) (21.0) Securities and derivative business payables 4,725,189 4,514,754 210,435 4.7

632,129 30,298 4.8 Deferred tax liabilities 139,590 160,138 (20,548) (12.8) Accounts payable to clearing house and broker - dealers 333,716 422,323 (88,607) (21.0) Securities and derivative business

160,138 (139,681) (87.2) Accounts payable to clearing house and broker - dealers 120,194 422,323 (302,129) (71.5) Securities and derivative business payables 5,297,794 4,514,754 783,040 17.3 Accrued

90,000 (90,000) (100.0) Provisions 587,060 567,823 19,237 3.4 Deferred tax liabilities 114,458 54,614 59,844 109.6 Accounts payable to clearing house and broker - dealers 1,555 2,885,681 (2,884,126) (99.9