contributing to the earnings. Organic growth is calculated as the change in production on a like-for-like asset footprint basis Notes We recommend that investors always read the MD&A together with the published

investors always read the MD&A together with the published financial statements to get complete details and understanding. The consolidated financials are based on the elimination of intra-company (or intra

Increase (Decrease) % Net Assets 6,229,084 5,820,498 408,586 7.02 Net Liabilities 1,365,378 999,424 365,954 36.62 Shareholders’ equity 4,863,706 4,821,074 42,632 0.89 Assets As at December 31, 2017, the

. Total liabilities of the Company at the end of year 2018 increased 143% yoy. This was mainly due to an increase of loans from financial institutions. The shareholders’ equity at the end of 2018 decreased

(983) (17%) Non-current liabilities 251 461 (210) (46%) Total liabilities 5,171 6,364 (1,193) (19%) Total shareholders’ equity 2,446 2,506 (60) (2%) Liabilities Total liabilities as at 31 December 2019

) 11 Net (Loss) profit (28.84) (9.49) (40.47) (15.81) 11.63 (28.74) 12 Net (Loss) profit shareholders of the parent (23.56) (8.30) (36.78) (14.84) 13.22 (35.94) 1.2.1 Gross Profit In Quarter 2-2017, the

100.0% 3,662 100.0% 477 15.0% Current liabilities 1,695 53.2% 2,090 57.1% 395 23.3% Non-current liabilities 307 9.6% 314 8.6% 7 2.2% Total liabilities 2,002 62.9% 2,403 65.6% 402 20.1% Total shareholders

) Total assets 1,565.06 1,590.98 (25.92) (1.63) Accounts payable 57.78 59.89 (2.11) (3.52) Other liabilities 58.31 66.02 (7.71) (11.68) Total liabilities 116.09 125.91 (9.82) (7.80) Total shareholders

(Unit: Thousand) Items 30 June 2017 31 December 2016 Increase(Decrease) Percentage Net Assets 6,129,846 5,820,498 309,348 5.31 Net Liabilities 1,248,590 999,424 249,166 24.93 Shareholders’ equity

%) Total non-current assets 732.25 648.24 84.01 12.96% Total assets 1,497.86 1,358.96 138.90 10.22% Liabilities and shareholders’ equity Current liabilities Trade and other payables 344.68 162.74 181.94