Working Capital is below the net working capital, the second instalment will be decreased by the difference of Q2 Net Working Capital and the net working capital. c. If Q2 Net Working Capital exceeds the

) (45.5) N.A.(

: Weighting the Difference”, Schwab Center of Financial Research, Journal of Investment Research Source: Strategic Beta. Choy. May 2014. Morningstar. Performance broken-down into 3 parts:  Market beta (cap

at that level for 20 days before returning to normal capacity. The difference between Dated Brent and Dubai price average in Q2/2018 compared to Q2/2017 increased by 2.37 $/BBL was due to more Asian

of 1.8 percent. Tourist arrivals from South Asia had the highest growth at 20.7 percent, followed by Southeast Asia and Africa at 5.7 percent and 1.4 percent respectively. In contrast, tourist arrivals

of 1.8 percent. Tourist arrivals from South Asia had the highest growth at 20.7 percent, followed by Southeast Asia and Africa at 5.7 percent and 1.4 percent respectively. In contrast, tourist arrivals

same period of the previous year. North America had the highest passenger load factor at 84.3 percent. In contrast, Africa had the lowest passenger load factor at 70.8 percent (Source: International Air

percentage growth respectively. 3 ASIA’S BOUTIQUE AIRLINE In contrast, there is a declining trend for tourist arrival from Europe, dropped by 1.9 percent, mainly from a drop in tourists from Russia (16.2% drop

percentage growth respectively. 3 ASIA’S BOUTIQUE AIRLINE In contrast, there is a declining trend for tourist arrival from Europe, dropped by 1.9 percent, mainly from a drop in tourists from Russia (16.2% drop

the necessity of the offering of the securities at a low price (1) The benefits in comparison with the difference between the offering price and the market price that the Company will lose will be worth