and distribution, which typically have a consistent cash flow, as it appropriately reflects the nature and capabilities of the business operations of such company while taking into account the Company’s

widely used basis for determining the value of companies engaging in the business of power generation and distribution, which typically have a consistent cash flow, as it appropriately reflects the nature

geographies. This performance reflects strong demand for our products, structurally higher margins and utilization rates, and the results of our long-term investment strategy. The business remains focused to

Coverage Ratio (LCR) which reflects the excess liquidity in the commercial banking system. With the combination of the recent high level of provisioning in preparation for the adoption of IFRS 9, which will

the loan to deposit ratio and the Liquidity Coverage Ratio (LCR) which reflects the excess liquidity in the commercial banking system. With the combination of the recent high level of provisioning in

financial advisor of the Company viewed that the net present value (NPV) approach is the most suitable approach for the valuation because such method reflects business operation plan, profitability and growth

attributed mainly by number of factors, namely 1.) Growth in Tourism sector from visa-on-arrival measure and Hong Kong disturbance which reflects an increasing in tourists 2.) Government spending for

collection from NPLs management business reflects interest income from loans purchased, gain on loans purchased and net repayment and adjusted entries, and is calculated based on key items only, and so does

for the estimated cash flow of NPLs management business. Cash collection from NPLs management business reflects interest income from loans purchased, gain on loans purchased and net repayment and

time (page 14-16) reflects the new calculation methodology and we believe this is as per globally & widely accepted practice. Underlying EBITDA will reflect the true performance of the businesses in a