five different Gamma factors are: 1. Asset Location and Withdrawal Sourcing: Tax-efficient investing for a retiree can be thought of in terms of both “asset location” and intelligent withdrawal

Institutional Use Only | 24 IMPACT OF TRANSITION COSTS TO STEELCO Notes: ✓ Carbon tax calculated based on IMF’s recommended carbon price and assumed to be non-tax deductible ✓ The carbon tax assumed to impact

or recommended for the portfolio. It should not be assumed that an investment in these securities or sectors was or will be profitable. Issuer name Consumer Products – Nutrition Country China Ticker

, and technology, as well as the new asset’ depreciation to grow over the same period of last year. However, it is believed that when the centers are in full service, the Company will be able to

evidence of earnings management. In other words, if there is no economic incentive for meeting or beating earnings benchmarks, reported earnings distribution is assumed to be even and smooth around presumed

research believes that companies investing in CSR programs are able to improve corporate image, attract more resources, and enhance operational performance. However, the other strand of thought argues that

terminal growth rate and discounted rate used in the assumptions are based on management of the subsidiary’s judgment and past experience and business plan, as well as the future prediction that is believed

assumptions are based on management of the subsidiary’s judgment and past experience and business plan, as well as the future prediction that is believed to be reasonable in the present situation and compared

, past experience, business plans, and future projection that is believed to be reasonable in the present situation and compared to the carrying amount of assets related to the licenses. Conclusion : The

, as well as the future prediction that is believed to be reasonable in the present situation and compared to the carrying amount of assets related to the licenses. Conclusion : The Group reported a loss