expenses, which are incurred after the Completion Date and are not booked in the financial statement of SBM as at the Completion Date, arising from the adjustment of equipment to support the change of the

charged to align with the investment strategy or expenses incurred. 13. Statistical data At least the following information shall be displayed: 13.1 Maximum Drawdown (the highest loss actually incurred

expenses incurred. 13. Statistical data At least the following information shall be displayed: 13.1 Maximum Drawdown (the highest loss actually incurred) (%) The highest cumulative loss arising from actual

advance. For example, the management company may consider adjusting the actual fees charged to align with the investment strategy or expenses incurred. 13. Statistical data At least the following

investors will be aware of that information in advance. For example, the management company may consider adjusting the actual fees charged to align with the investment strategy or expenses incurred. 14

negative. Moreover, in Q1/2018, Marketing Business incurred in a higher selling, general and administrative expenses when compared to the same period of the previous year, from accrued expense related to

; 3. it is reasonable and concluded on a fair price; 4. the expenses of which to be incurred by the trust (if any) is charged under a fair and appropriate rate; 8 5. when an acquisition of an

others to assess how much of the offering proceeds will be available for the issuer. 2. Disclose a reasonably itemized statement of the major categories of expenses incurred in connection with the issuance

largest amount outstanding during the period covered, the amount outstanding as of the latest practicable date, the nature of the loan and the transaction in which it was incurred, and the interest rate on

cost recognizes based on actual incurred construction cost according to TFRIC 12 – Concession Agreement B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Electricity Sales to