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business licensed effective 1 April 2020 (31 December 2019: USD Nil). This item includes a deposit in the amount of USD 5,000 thousand (31 December 2019: USD Nil) placed in favor of the Group as collateral against reinsurance arrangements. The interest earned on this deposit is not recognised as investment income and is transferred to the reinsurance company on a semi-annual basis. The Group has an investment in an unquoted bond denominated in JOD (USD pegged currency) issued by ‘Specialized Investment Compound Co.’ a local company based in Jordan with a maturity date of 22 February 2016. The said company is currently under liquidation, due to which 85% of original bond holdings with nominal value amounting to USD 1,236 thousand were not paid on that maturity date. These bonds are backed up by collateral in the form of real estate properties. However, the Group management has provided USD 379 thousand to cover any potential impairment in the value of the collateral held against said investment by discounting the expected future cash flows generated from the underlying bond collaterals which mainly represent rental income. In 2020, the Group has sold part of its holdings in a quoted equity at fair value through OCI to take advantage of the increase in the market value of the investee. The quoted equities were purchased in 2011 and held as a long-term investment. Upon disposal, the fair value of the sold shares was USD 3,859 thousand and the cumulative fair value change of USD 2,341 thousand remained in the fair value reserve. The Group has two unquoted equity investments under level 3 designated at fair value through OCI valued at USD 6,314 thousand (2019: USD 5,261 thousand) and USD 434 thousand (2019: USD 533 thousand). As at 31 December 2020 and 2019, the Group has measured the fair value of the unquoted investment valued at USD 6,314 thousand (2019: USD 5,261 thousand) by adopting a market valuation approach namely ‘multiples-based valuation’ whereby earnings-based multiples of comparable companies were considered for the valuation. As at 31 December 2020, the fair value measurement of the unquoted equity investment valued at USD 6,314 thousand (2019: USD 5,261 thousand) was based on a combination of valuation multiples, with greater weight given to price to book value multiple. This has implied an equity value range of USD 5,612 thousand to USD 7,015 thousand (2019: USD 5,110 thousand to USD 5,561 thousand). Lands amounting to USD 1,844 thousand as at 31 December 2020 (2019: USD 5,649 thousand) are registered in the name of a former Director. The Group has obtained a proxy and has full control over these investment properties (note 26). Effective 1 April 2020, the Group has fully implemented a new core insurance system and transferred the work in progress amount to the software and licenses account within intangible assets. Set out below are the carrying amount of the Group’s lease liabilities and the movement during the year: The Earnout Shares are subject to vesting at stock prices ranges from USD 11.50 to 15.25. The Earnout Shares are considered outstanding shares and have dividend and voting rights, however, the Earnout Shares are non-transferable by their holders until they vest and, if the Earnout Shares do not vest on or prior to 17 March 2028, they will be cancelled by the Company. The former general shareholders of International General Insurance Holdings Limited - Dubai approved in its extraordinary meeting dated 24 November 2013 the purchase of the company’s own shares up to 15% of the issued shares and to be treated as treasury shares in accordance with the applicable DIFC laws and regulations. Pursuant to the above authorization, 2,350 thousand treasury shares were purchased during 2019 (2018: 7,000 thousand) which were recorded at an amount of USD 5,053 thousand (2018: USD 15,050 thousand). Total treasury shares amount as at 31 December 2019 was USD 20,103 thousand (2018: USD 15,050 thousand) (note 26). During 2020, Treasury shares were eliminated as part of the Business Combination Agreement. Reconciliation of fair value of the unquoted equities under level 3 fair value hierarchy is as follows: This item Includes 1,120,000 shares subject to one year lock-up restriction post Business Combination closing date. false --12-31 true FY 2020 2020-12-31 false false 20-F 0001794338 No true false 001-39255 Non-accelerated Filer D0 Yes International General Insurance Holdings Ltd. false No No 48573251

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<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.5in; text-align: left">2.</td><td style="text-align: justify">BASIS OF PREPARATION</td> </tr></table> The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB). The consolidated financial statements have been presented in United States Dollars “USD” which is also the Group’s functional currency. All values are rounded to the nearest thousand (USD ‘000), except when otherwise indicated. The consolidated financial statements are prepared on a going concern basis under the historical cost convention modified to include the measurement at fair value of financial assets and investment properties at fair value through profit or loss, and financial assets at fair value through other comprehensive income. Financial assets measured at fair value through profit and loss include quoted funds, alternative investments and quoted equities. Financial assets at fair value through other comprehensive income include quoted and unquoted equities. On 30 January 2020, the World Health Organization declared the outbreak of coronavirus (“COVID-19”) to be a public health emergency of international concern. This coronavirus outbreak has severely restricted the level of economic activity around the world. In response to this coronavirus outbreak, the governments of many countries, states, cities and other geographic regions have taken preventative or protective actions, such as imposing restrictions on travel and business operations and advising or requiring individuals to limit or forego their time outside of their homes. Following measures announced by the Government in March 2020, the directors implemented aspects of the Group’s business continuity plan (BCP), specifically requiring staff at all levels and in all functions to work remotely wherever practicable, and to limit the need for gatherings of staff so far as possible. The Group’s IT facilities have ensured that all of the Group’s operations have been maintained allowing the Group to function as normal. The directors expect that these operational changes will continue to be required until all employees are allowed to return to their offices following Government advice. The full extent to which the COVID-19 pandemic may impact Group’s results, operations or liquidity is uncertain. Management continues to monitor the impact that the COVID-19 pandemic has on the Group, the insurance industry and the economies in which the Group operates. Management has performed a COVID-19 impact analysis as part of its going concern assessment using information available as of the date of release of the Group’s audited consolidated financial statements as of and for year ended 31 December 2020. The analysis has modelled a number of adverse scenarios to assess the potential impact that COVID-19 may have on the Group’s operations, liquidity, solvency and capital position. These stresses include increased counterparty defaults, falls in property and equity values, credit spread widening, currency movements and increases in the value of claims. This analysis indicates that the Group’s solvency position is and will likely remain within the Group’s “Capital Management Framework” targets, allowing the Group to exceed its regulatory capital requirements without the need for mitigating management actions. Management believes that the preparation of the Group’s financial statements on a going concern basis remains appropriate and that the Group will continue to meet its regulatory solvency requirements and liabilities with sufficient liquidity. Based on the initial analyses, the Group is well positioned to experience a manageable impact from COVID-19 particularly in respect of its underwriting portfolio which is not materially exposed to the classes of business which are largely impacted by COVID-19. To date, this assessment is supported by the fact that as of 31 December 2020, management’s best estimates of the specific reserves in respect of COVID-19 related claims are not considered to be significant. The Group also writes professional indemnity coverage within our casualty line of business which includes a portfolio of insurance brokers on which the Group has received notifications in respect of business interruption coverage. This portfolio is predominantly written on an excess layer basis with high attachment points and, although this portfolio accounts for the majority of the COVID-19 notifications received to date, the notifications to date are considered precautionary on the part of the broker. With respect to claims administration, the Group has not evidenced a discernible impact on the reporting and settlement of claims, as the third-party loss adjusters and other appointed experts, in conjunction with the Group’s inhouse claims function, have demonstrated an ability to adapt effectively to the virtual world in servicing claims. In addition, the combination of a modest allocation to equities and the high quality and diversified nature of the Group’s bonds and term deposits has resulted in a minor negative mark to market adjustment in its investments portfolio. However, a material fair value revaluation loss close to 10% and 15% from previous year end was recorded against investment properties owned directly in Jordan and through associates in Lebanon respectively which is in line with the overall correction seen in the regional commercial real estate valuations post pandemic. Basis of consolidation The financial statements of the subsidiaries are prepared for the same period and amended where required to be compliant with the Group’s accounting policies. The consolidated financial statements comprise the financial statements of International General Insurance Holdings Ltd. and its subsidiaries as at 31 December 2020. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if and only if the Group has: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee)</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Exposure, or rights, to variable returns from its involvement with the investee, and</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The ability to use its power over the investee to affect its returns</td></tr></table> When the Group has less than a majority of the voting or similar rights of an investee, the Group considers all relevant facts and circumstances in assessing whether it has power over an investee, including: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The contractual arrangement with the other vote holders of the investee</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Rights arising from other contractual arrangements</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Group’s voting rights and potential voting rights</td></tr></table> The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Group gains control until the date the Group ceases to control the subsidiary. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with the Group’s accounting policies. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full on consolidation. A change in the ownership interest of a subsidiary, without a change of control, is accounted for as an equity transaction. If the Group loses control over a subsidiary, it: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Derecognizes the assets (including goodwill) and liabilities of the subsidiary;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Derecognizes the carrying amount of any non-controlling interest;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Derecognizes the cumulative translation differences, recorded in equity, if any;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Recognizes the fair value of the consideration received;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Recognizes the fair value of any investment retained;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Recognizes any surplus or deficit in profit or loss; and</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Reclassifies the parent’s share of components previously recognized in other comprehensive income to the consolidated statement of income or retained earnings, as appropriate.</td></tr></table> Subsidiaries are fully consolidated from the date of acquisition, being the date on which the Group obtains control, and continue to be consolidated until the date that such control ceases. All intercompany transactions, balances and unrealized gains and losses on transactions between Group companies are eliminated in full. The Group has the following subsidiaries and branches: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center; text-indent: -0.125in; padding-left: 0.125in"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Country of incorporation</td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Activity</td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Ownership</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-align: left; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center; padding-bottom: 1.5pt"> </td><td style="font-weight: normal; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="font-weight: normal; font-style: italic; text-align: center; padding-bottom: 1.5pt"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="text-align: left; font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2019</td><td style="font-style: italic; padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; width: 34%; text-align: left; text-indent: -0.125in; padding-left: 0.125in">International General Insurance Holdings Limited</td><td style="width: 1%"> </td> <td style="width: 20%; text-align: center">United Arab Emirates</td><td style="width: 1%"> </td> <td style="width: 20%; text-align: center">Reinsurance and insurance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: center"> </td><td style="width: 9%; font-weight: bold; text-align: right">100</td><td style="width: 1%; font-weight: bold; text-align: left">%</td><td style="text-align: center; width: 1%"> </td> <td style="width: 1%; text-align: center"> </td><td style="width: 9%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-align: left; text-indent: -0.125in; padding-left: 0.125in">Tiberius Acquisition Corporation</td><td> </td> <td style="text-align: center">United States of America</td><td> </td> <td style="text-align: center">Special purpose acquisition company</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: left; text-indent: -0.125in; padding-left: 0.125in"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-align: left; text-indent: -0.125in; padding-left: 0.125in">The following entities are wholly owned by the subsidiary International General Insurance Holdings Limited:</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; width: 34%">I.G.I Underwriting /Jordan “Exempted”</td><td style="width: 1%"> </td> <td style="text-align: center; width: 20%">Jordan</td><td style="width: 1%"> </td> <td style="text-align: center; width: 20%">Underwriting agency</td><td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; text-align: center; width: 1%"> </td><td style="font-weight: bold; text-align: right; width: 9%">100</td><td style="font-weight: bold; text-align: left; width: 1%">%</td><td style="text-align: center; width: 1%"> </td> <td style="text-align: center; width: 1%"> </td><td style="text-align: right; width: 9%">100</td><td style="text-align: left; width: 1%">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">North Star Underwriting Limited</td><td> </td> <td style="text-align: center">United Kingdom</td><td> </td> <td style="text-align: center">Underwriting agency</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">International General Insurance Co. Ltd.</td><td> </td> <td style="text-align: center">Bermuda</td><td> </td> <td style="text-align: center">Reinsurance and insurance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">The following entities are wholly owned subsidiaries and branches by International General Insurance Co. Ltd.:</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-style: italic; text-align: left; width: 34%">Subsidiaries:</td><td style="width: 1%"> </td> <td style="text-align: center; width: 20%"> </td><td style="width: 1%"> </td> <td style="text-align: center; width: 20%"> </td><td style="width: 1%"> </td> <td style="text-align: center; width: 1%"> </td><td style="text-align: right; width: 9%"> </td><td style="text-align: left; width: 1%"> </td><td style="text-align: center; width: 1%"> </td> <td style="text-align: center; width: 1%"> </td><td style="text-align: right; width: 9%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">International General Insurance Company (UK) Limited</td><td> </td> <td style="text-align: center">United Kingdom</td><td> </td> <td style="text-align: center">Reinsurance and insurance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">International General Insurance Company (Dubai) Ltd.</td><td> </td> <td style="text-align: center">United Arab Emirates</td><td> </td> <td style="text-align: center">Insurance intermediation and insurance management</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Specialty Malls Investment Company</td><td> </td> <td style="text-align: center">Jordan</td><td> </td> <td style="text-align: center">Real estate properties development and lease</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">IGI Services Ltd</td><td> </td> <td style="text-align: center">Cayman Islands</td><td> </td> <td style="text-align: center">Owning and chartering aircraft</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-style: italic; text-align: left">Branches:</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">International General Insurance Company Ltd. - Labuan Branch</td><td> </td> <td style="text-align: center">Malaysia</td><td> </td> <td style="text-align: center">Reinsurance and insurance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> </table> Changes in accounting policies The accounting policies used in the preparation of the consolidated financial statements are consistent with those used in the preparation of the annual consolidated financial statements for the year ended 31 December 2019. There are no new standards or amendments effective in 2020 that have a material impact on the Group’s consolidated financial statements. Standards issued but not yet effective IFRS 17 Insurance Contracts IFRS 17 provides a comprehensive model for insurance contracts covering the recognition and measurement and presentation and disclosure of insurance contracts and replaces IFRS 4 - Insurance Contracts. The standard applies to all types of insurance contracts (i.e. life, non-life, direct insurance and re-insurance), regardless of the type of entities that issue them, as well as to certain guarantees and financial instruments with discretionary participation features. The standard general model is supplemented by the variable fee approach and the premium allocation approach. The new standard will be effective for annual periods beginning on or after 1 January 2023 with comparative figures required. Early application is permitted provided that the entity also applies IFRS 9 on or before the date it first applies IFRS 17. The Group is currently in the process of evaluating the potential impact of adopting IFRS 17. Summary of significant accounting policies Cash and cash equivalents Cash and cash equivalents consist of cash on hand, bank balances, and short-term deposits with an original maturity of three months or less. Term deposits The term deposits are interest bearing bank deposits with original maturity over 3 months. Insurance receivables Insurance receivables are recognized when due and are measured on initial recognition at the fair value of the consideration to be received. The Group uses a provision matrix to calculate expected credit losses for insurance receivables. The provision rates are based on days past due and not based on groupings of various policy holder’s segments that have similar default loss-patterns. Financial assets <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">a)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Initial recognition and measurement</td></tr></table> Financial assets are classified, at initial recognition, at cost and subsequently measured at amortized cost, fair value through other comprehensive income (OCI), and fair value through profit or loss (FVTPL). The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model for managing them. Financial instruments are initially recognized on the trade date measured at their fair value. Except for financial assets and financial liabilities recorded at FVTPL, transaction costs are added to this amount. The Group classifies all of its financial assets based on the business model for managing the assets and the asset’s contractual terms. The categories include the following: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Amortized cost</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">FVOCI</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">FVTPL</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">i)</td><td style="text-align: justify">Bonds and debt instruments measured at amortized cost</td> </tr></table> Bonds and debt instruments are held at amortized cost if both of the following conditions are met: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">The instruments are held within a business model with the objective of holding the instrument to collect the contractual cash flows.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">The contractual terms of the debt instrument give rise on specified dates to cash flows that are solely payments of principal and interest (SPPI) on the principal amount outstanding.</td> </tr></table> The details of these conditions are outlined below. Business model assessment The Group determines its business model at the level that best reflects how it manages groups of financial assets to achieve its business objective. The Group holds financial assets to generate returns and provide a capital base to provide for settlement of claims as they arise. The Group considers the timing, amount and volatility of cash flow requirements to support insurance liability portfolios in determining the business model for the assets as well as the potential to maximize return for shareholders and future business development. The Group business model is not assessed on an instrument-by-instrument basis, but at a higher level of aggregated portfolios that is based on observable factors such as: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">How the performance of the business model and the financial assets held within that business model are evaluated and reported to the Group’s key management personnel.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">The risks that affect the performance of the business model (and the financial assets held within that business model) and, in particular, the way those risks are managed.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">How managers of the business are compensated (for example, whether the compensation is based on the fair value of the assets managed or on the contractual cash flows collected).</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">The expected frequency, value and timing of asset sales are also important aspects of the Group’s assessment.</td> </tr></table> The business model assessment is based on reasonably expected scenarios without taking ‘worst case’ or ‘stress case’ scenarios into account. If cash flows after initial recognition are realized in a way that is different from the Group original expectations, the Group does not change the classification of the remaining financial assets held in that business model but incorporates such information when assessing newly originated or newly purchased financial assets going forward. The SPPI test As a second step of its classification process the Group assesses the contractual terms to identify whether they meet the SPPI test. ‘Principal’ for the purpose of this test is defined as the fair value of the financial asset at initial recognition and may change over the life of the financial asset (for example, if there are repayments of principal or amortization of the premium/discount). The most significant elements of interest within a debt arrangement are typically the consideration for the time value of money and credit risk. To make the SPPI assessment, the Group applies judgement and considers relevant factors such as the currency in which the financial asset is denominated, and the period for which the interest rate is set. Bonds and debt instruments measured at fair value through other comprehensive income The Group applies this category under IFRS 9 for debt instruments measured at FVOCI when both of the following conditions are met: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">The instrument is held within a business model, the objective of which is both collecting contractual cash flows and selling financial assets.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">The contractual terms of the financial asset meet the SPPI test.</td> </tr></table> Bonds and debt instruments in this category are those that are intended to be held to collect contractual cash flows and which may be sold in response to needs for liquidity or in response to changes in market conditions. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">ii)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Financial assets measured at fair value through profit or loss (Quoted funds, alternative investments and quoted equities)</td></tr></table> Financial assets in this category are those assets which have been either designated by management upon initial recognition or are mandatorily required to be measured at fair value under IFRS 9. Management designates an instrument as FVTPL that otherwise meet the requirements to be measured at amortized cost or at FVOCI only if it eliminates, or significantly reduces, an accounting mismatch that would otherwise arise. Financial assets with contractual cash flows not representing solely payment of principal and interest are mandatorily required to be measured at FVTPL. Financial assets at FVTPL are subsequently measured at fair value. Changes in fair value are recognized in the consolidated statement of income. Interest income is recognized using the effective interest method. Dividend income from equity investments measured at FVTPL is recognized in the consolidated statement of income when the right to the payment has been established. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">iii)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Financial assets measured at fair value through other comprehensive income (Quoted and unquoted equities)</td></tr></table> Upon initial recognition, the Group can elect to classify irrevocably its equity investments as equity instruments designated at fair value through OCI when they meet the definition of equity under IAS 32 Financial Instruments: Presentation and are not held for trading. The classification is determined on an instrument-by-instrument basis. Financial assets measured at fair value through other comprehensive income include equities investments. Equity investments classified as financial assets measured at fair value through other comprehensive income are those, which are not classified as financial assets measured at fair value through profit or loss. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">iv)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Reclassification of financial assets and liabilities</td></tr></table> The Group does not reclassify its financial assets subsequent to their initial recognition, apart from the exceptional circumstances in which the Group terminates a business line or changes its business model for managing financial assets. A change in Group business model will occur only when Group management determines change as a result of external or internal changes which are significant to the Group operations. Reclassifications shall all be recorded prospectively from the reclassification date. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">b)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Subsequent measurement</td></tr></table> For purposes of subsequent measurement, financial assets in the scope of IFRS 9 are classified in four categories: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Financial assets at amortized cost (bonds, debt instruments)</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Financial assets at fair value through OCI with recycling of cumulative gains and losses (bonds and debt instruments)</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Financial assets designated at fair value through OCI with no recycling of cumulative gains and losses upon derecognition (equity instruments)</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Financial assets at fair value through profit or loss</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">i)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Financial assets at amortized cost (bonds, debt instruments)</td></tr></table> Financial assets at amortized cost are subsequently measured using the effective interest (EIR) method and are subject to impairment. Gains and losses are recognized in the consolidated statement of income when the asset is derecognized, modified, or impaired. The Group’s debt instruments at amortized cost includes investments in unquoted debt instruments. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">ii)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Financial assets at fair value through OCI (debt instruments)</td></tr></table> For debt instruments at fair value through OCI, interest income, foreign exchange revaluation and impairment losses or reversals are recognized in the consolidated statement of income and computed in the same manner as for financial assets measured at amortized cost. The remaining fair value changes are recognized in OCI. Upon derecognition, the cumulative fair value change recognized in OCI is recycled to the consolidated statement of income. The Group’s debt instruments at fair value through OCI includes investments in quoted debt instruments. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">iii)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Financial assets designated at fair value through OCI (equity instruments)</td></tr></table> Gains and losses on these financial assets are never recycled to the consolidated statement of income. Dividends are recognized as investment income in the consolidated statement of income when the right of payment has been established, except when the Group benefits from such proceeds as a recovery of part of the cost of the financial asset, in which case, such gains are recorded in OCI. Equity instruments designated at fair value through OCI are not subject to impairment assessment. The Group elected to classify irrevocably its unquoted equity investments and some quoted equity investments under this category. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">iv)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Financial assets at fair value through profit or loss</td></tr></table> Financial assets at fair value through profit or loss include financial assets held for trading, financial assets designated upon initial recognition at fair value through profit or loss, or financial assets mandatorily required to be measured at fair value. Financial assets are classified as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivatives, including separated embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments. Financial assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit or loss, irrespective of the business model. Notwithstanding the criteria for debt instruments to be classified at amortized cost or at fair value through OCI, as described above, debt instruments may be designated at fair value through profit or loss on initial recognition if doing so eliminates, or significantly reduces, an accounting mismatch. Financial assets at fair value through profit or loss are carried in the consolidated statement of financial position at fair value with net changes in fair value recognized in the consolidated statement of income. This category includes quoted funds, alternative investments and quoted equity investments which the Group had not irrevocably elected to classify at fair value through OCI. Dividends on quoted equity investments are also recognized as investment income in the consolidated statement of income when the right of payment has been established. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">c)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Derecognition</td></tr></table> A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized (i.e., removed from the Group’s consolidated statement of financial position) when: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">The rights to receive cash flows from the asset have expired, or</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">The Group has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a ‘pass-through’ arrangement; and either (a) the Group has transferred substantially all the risks and rewards of the asset, or (b) the Group has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">d)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Impairment of financial assets in scope of IFRS 9</td></tr></table> The Group recognizes an allowance for expected credit losses (ECLs) for debt instruments not held at fair value through profit or loss. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms, if any. ECLs are recognized in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL). For debt instruments at fair value through OCI, the Group applies the low credit risk simplification. At every reporting date, the Group evaluates whether the debt instrument is considered to have low credit risk using all reasonable and supportable information that is available without undue cost or effort. In making that evaluation, the Group reassesses the credit rating of the debt instrument. In addition, the Group considers that there has been a significant increase in credit risk when contractual payments are more than 30 days past due. The Group’s debt instruments at fair value through OCI comprise solely of quoted bonds that are graded in the top investment category by accredited rating agencies and, therefore, are considered to be low credit risk investments. It is the Group’s policy to measure ECLs on such instruments on a 12-month basis. However, when there has been a significant increase in credit risk since origination, the allowance will be based on the lifetime ECL. The Group uses the ratings from accredited rating agencies to monitor the changes in the credit ratings, determine whether the debt instrument has significantly increased in credit risk and to estimate ECLs. The ECLs for debt instruments measured at FVOCI do not reduce the carrying amount of these financial assets in the statement of financial position, which remains at fair value. Instead, an amount equal to the allowance that would arise if the assets were measured at amortized cost is recognized in OCI with a corresponding charge to the consolidated statement of income. The accumulated gain recognized in OCI is recycled to the consolidated statement of income upon derecognition of the assets. The Group considers a financial asset in default when contractual payments are 30 days past due. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Group. A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows. Financial assets are written off either partially or in their entirety only when the Group has stopped pursuing the recovery. If the amount to be written off is greater than the accumulated loss allowance, the difference is first treated as an addition to the allowance that is then applied against the gross carrying amount. Any subsequent recoveries are credited to credit loss expense. There were no write-offs over the periods reported in these consolidated financial statements. For cash flow purposes the Group classifies the cash flow for the acquisition and disposal of financial assets as operating cash flows, as the purchases of these investments is funded from the net cash flows associated with the origination of insurance and investment contracts and payment of benefits and claims incurred for such insurance contracts, which are respectively treated under operating activities. Investments in associates The Group’s investment in its associates is accounted for using the equity method of accounting. An associate is an entity in which the Group has significant influence, and which is neither a subsidiary nor a joint venture. The considerations made in determining significant influence or joint control are similar to those necessary to determine control over subsidiaries. Under the equity method, the investment in the associate is carried in the consolidated statement of financial position at cost plus post-acquisition changes in the Group’s share of net assets of the associate. Profits or losses resulting from transactions between the Group and the associate are eliminated to the extent of the interest in the associate. The share of profit or loss of the associate is shown on the face of the consolidated statement of income. This is profit attributable to equity holders of the associate and, therefore, is profit after tax and non-controlling interests in the subsidiaries of the associates. The financial statements of the associate are prepared for the same reporting period as the Group. Where necessary, adjustments are made to bring its accounting policies in line with the Group’s. After application of the equity method, the Group determines whether it is necessary to recognize an additional impairment loss on the Group’s investments in associates. The Group determines at each reporting date, whether there is any objective evidence that the investment in the associate is impaired. If this is the case, the Group calculates the amount of impairment as the difference between the recoverable amount of the associate and its carrying value and recognizes the amount in the ‘share of profit or loss of an associate’ in the consolidated statement of income. Upon loss of significant influence over the associate, the Group measures and recognizes any remaining investment at its fair value. Any difference between the carrying amount of the associate upon loss of significant influence and the fair value of the remaining investment and proceeds from disposal is recognized in consolidated statement of income. Investment properties Investment properties are measured initially at cost, including transaction costs. The carrying amount includes the cost of replacing part of an existing investment property at the time that cost is incurred if the recognition criteria are met; and excludes the costs of day to day servicing of an investment property. Subsequent to initial recognition, investment properties are stated at fair value, which reflects market conditions at the reporting date. Gains or losses arising from changes in the fair values of investment properties are included in the consolidated statement of income in the period in which they arise. The fair value of the investment properties is determined by management and in doing so management considers the valuation performed by third parties who are specialists in valuing these types of investment properties. Investment properties are derecognized when either they have been disposed of or when the investment property is permanently withdrawn from use and no future economic benefit is expected from its disposal. The difference between the net disposal proceeds and the carrying amount of the asset is recognized in the consolidated statement of income in the period of derecognition. The amount of consideration to be included in the gain or loss arising from the derecognition of investment property is determined in accordance with the requirements for determining the transaction price in IFRS 15. Transfers are made to or from investment property only when there is a change in use. For a transfer from investment property to owner occupied property, the deemed cost for subsequent accounting is the fair value at the date of change in use. If owner occupied property becomes an investment property, the Group accounts for such property in accordance with the policy stated under property, plant and equipment up to the date of change in use. Property, premises and equipment Property, premises and equipment are stated at cost less accumulated depreciation and any impairment in value. Depreciation is calculated on a straight-line basis over the estimated useful lives using the following estimated useful lives: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in; width: 86%; text-align: justify; padding-bottom: 1.5pt"> </td> <td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 12%; text-align: center">Years</td> <td style="width: 1%; text-align: justify; padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Office buildings</td> <td> </td> <td style="text-align: center">20</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Aircraft </td> <td> </td> <td style="text-align: center">12.5</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Office furniture </td> <td> </td> <td style="text-align: center">5</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Computers </td> <td> </td> <td style="text-align: center">3</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Equipment </td> <td> </td> <td style="text-align: center">4</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Leasehold improvements </td> <td> </td> <td style="text-align: center">5</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Vehicles</td> <td> </td> <td style="text-align: center">5</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Right-of-use assets</td> <td> </td> <td style="text-align: center">2-7</td> <td style="text-align: justify"> </td></tr> </table> An item of property, premises and equipment and any significant part initially recognized, is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the consolidated statement of income when the asset is derecognized. The assets’ residual values, useful lives and method of depreciation are reviewed and adjusted if appropriate at each financial year-end. Impairment reviews take place when events or changes in circumstances indicate that the carrying value may not be recoverable. Impairment losses are recognized in the consolidated statement of income as an expense. Intangible assets Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is their fair value at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortization and accumulated impairment losses. The useful lives of intangible assets are assessed as either finite or indefinite. Intangible assets with finite lives are amortized over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired. The amortization period and the amortization method for an intangible asset with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are considered to modify the amortization period or method, as appropriate, and are treated as changes in accounting estimates. The amortization expense on intangible assets with finite lives is recognized in the consolidated statement of income in the expense category that is consistent with the function of the intangible assets. An intangible asset is derecognized upon disposal (i.e., at the date the recipient obtains control) or when no future economic benefits are expected from its use or disposal. Any gain or loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the consolidated statement of income. Intangible assets include computer software and software licenses. These intangible assets are amortized on a straight-line basis over their estimated economic useful lives of 5 years. Work in progress assets Work in progress assets are stated at cost and include other direct costs and it is not depreciated until it is available for intended use. Provisions Provisions are recognized when the Group has an obligation (legal or constructive) as a result of a past event, and the costs to settle the obligation are both probable and able to be reliably measured. Treasury shares Own equity instruments that are reacquired (treasury shares) are recognized at cost and deducted from equity. No gain or loss is recognized in the consolidated statement of income on the purchase, sale, issue or cancellation of the Group’s own equity instruments. Any difference between the carrying amount and the consideration, if reissued, is recognized in share premium. Gross written premiums Gross written premiums comprise the total premiums receivable for the whole period of cover provided by contracts entered into during the accounting period. They are recognized on the date on which the policy commences. Premiums include any adjustments arising in the accounting period for premiums receivable in respect of business written in prior accounting periods. Rebates that form part of the premium rate, such as no-claim rebates, are deducted from the gross premium; others are recognized as an expense. Premiums also include estimates for pipeline premiums, representing amounts due on business written but not yet notified. The Group generally estimates the pipeline premium based on management’s judgment and prior experience. Unearned premiums are those proportions of premiums written in a year that relate to periods of risk after the reporting date. Unearned premiums are calculated on a pro rata basis. The proportion attributable to subsequent periods is deferred as a provision for unearned premiums. Reinsurance premiums Reinsurance premiums comprise the total premiums payable for the reinsurance cover provided by retrocession contracts entered into during the year and are recognized on the date on which the policy incepts. Premiums include any adjustments arising in the accounting period in respect of reinsurance contracts incepting in prior accounting periods. Unearned reinsurance premiums are those proportions of premiums written in a year that relate to periods of risk after the reporting date. Unearned reinsurance premiums are deferred over the term of the underlying direct insurance policies for risks-attaching contracts and over the term of the reinsurance contract for losses occurring contracts. Claims Claims, comprising amounts payable to contract holders and third parties and related loss adjustment expenses, net of salvage and other recoveries, are charged to income as incurred. Claims comprise the estimated amounts payable, in respect of claims reported to the Group and those not reported at the consolidated statement of financial position date. The Group generally estimates its claims based on appointed loss adjusters or leading underwriters’ recommendations. In addition, a provision based on management’s judgement and the Group’s prior experience is maintained for the cost of settling claims incurred but not reported at the consolidated statement of financial position date. Policy acquisition costs and commissions earned Policy acquisition costs and commission earned represent commissions paid and received in relation to the acquisition and renewal of insurance and retrocession contracts which are deferred and expensed over the same period over which the corresponding premiums are recognised in accordance with the earning pattern of the underlying contract. Liability adequacy test At each statement of financial position date, the Group assesses whether its recognized insurance liabilities are adequate using current estimates of future cash flows under its insurance contracts. If that assessment shows that the carrying amount of its unearned premiums (less related deferred policy acquisition costs) is inadequate in light of estimated future cash flows, the entire deficiency is immediately recognized in income and an unexpired risk provision is created. The Group does not discount its liability for unpaid claims as the Group measures its insurance contract liabilities on an undiscounted basis. Reinsurance The Group cedes insurance risk in the normal course of business for all of its businesses. Reinsurance assets represent balances due from reinsurance companies. Amounts recoverable from reinsurers are estimated in a manner consistent with the outstanding claims provision or settled claims associated with the reinsurer’s policies and are in accordance with the related reinsurance contract. Reinsurance assets are reviewed for impairment at each reporting date, or more frequently, when an indication of impairment arises during the reporting year. Impairment occurs when there is objective evidence as a result of an event that occurred after initial recognition of the reinsurance asset that the Group may not receive all outstanding amounts due under the terms of the contract and the event has a reliably measurable impact on the amounts that the Group will receive from the reinsurer. The impairment loss is recorded in the consolidated statement of income. Gains or losses on buying reinsurance are recognized in the consolidated statement of income immediately at the date of purchase and are not amortized. Ceded reinsurance arrangements do not relieve the Group from its obligations to policyholders. The Group also assumes reinsurance risk in the normal course of business for non-life insurance contracts where applicable. Premiums and claims on assumed reinsurance are recognized as revenue or expenses in the same manner as they would be if the reinsurance were considered direct business, taking into account the product classification of the reinsured business. Reinsurance liabilities represent balances due to reinsurance companies. Amounts payable are estimated in a manner consistent with the related reinsurance contract. Premiums and claims are presented on a gross basis for both ceded and assumed reinsurance. Reinsurance assets or liabilities are derecognized when the contractual rights are extinguished or expire or when the contract is transferred to another party. Reinsurance contracts that do not transfer significant insurance risk are accounted for directly through the statement of financial position. These are deposit assets or financial liabilities that are recognized based on the consideration paid or received less any explicit identified premiums or fees to be retained by the reinsured. Excess of loss (XOL) reinsurance The Group purchases reinsurance as part of its risk mitigation programmer. The Group has a non–proportional excess–of–loss reinsurance contracts designed to mitigate the Group’s net exposure of losses that exceed a specified limit including catastrophe losses. These contracts often specify a limit in losses for which the reinsurer will be responsible. This limit is agreed to in the reinsurance contract and protects the Group from dealing with an unlimited liability. Retention limits for the excess–of–loss reinsurance vary by line of business. The XOL costs are determined at the inception of the reinsurance contract and are payable upfront in the form of ‘Minimum and Deposit Premium’ (MDP) subject to premium adjustment at the end of the contract period. Deferred excess of loss premiums are those proportions of premiums paid during the year that relate to periods of risk after the reporting date. Deferred premiums are calculated on a pro rata basis. Excess of loss reinsurance also includes reinstatement premium and related cash flows within the boundary of the initial reinsurance contract arising from usage of primary reinsurance coverage limit. Reinstatement occurs at predetermined rates without giving reinsurer any right to exit or reprice the contract. This implies expected cash flows related to the reinstatement premium shall be within the boundary of the initial reinsurance contract and are not related to future contracts. Equity settled Share-based payment plan The Group operates an equity-settled share-based plan to its employees, under which the Group receives services from employees as consideration for equity instruments of the Group. The fair value of the employee services received in exchange for the grant of the equity instruments is recognized as an expense. The total amount to be expensed is determined by reference to the fair value of the equity instruments granted, at the grant date. The total expense is recognized during the vesting period, which is the period over which the specified vesting condition of the share-based payment are to be satisfied. At the end of each reporting period, the Group revises its estimates of the number of equity instruments that are expected to vest based on the vesting conditions and recognizes the impact of the revision of original estimates, if any, in the consolidated statement of income, with corresponding adjustment to equity. Offsetting Financial assets and financial liabilities are offset, and the net amount reported in the consolidated statement of financial position only when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis, or to realize the assets and settle the liability simultaneously. Income and expense are not offset in the consolidated statement of income unless required or permitted by any accounting standard or interpretation. Foreign currencies The Group’s consolidated financial statements are presented in United States Dollars, which is also the functional currency of the Group. Each entity in the Group determines its own functional currency and items included in the financial statements of each entity are measured using that functional currency. Transactions and balances Transactions in foreign currencies are initially recorded by the Group entities at their respective functional currency rates prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the functional currency spot rate of exchange ruling at the reporting date. All differences are taken to the consolidated statement of income. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates as at the dates of the initial transactions. Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value is determined. Group companies The assets and liabilities of foreign operations are translated into United States Dollars at the rate of exchange prevailing at the reporting date and their statements of income are translated at exchange rates prevailing at the date of the transactions. The exchange differences arising on the translation are recognized in the consolidated statement of comprehensive income. On disposal of a foreign operation, the component of other comprehensive income relating to that particular foreign operation is recognized in the consolidated statement of income. Taxation The charge or credit for taxation is based upon the profit or loss for the year and takes into account taxation deferred because of temporary differences between the treatment of certain items for taxation and accounting purposes. Current income tax Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date in the countries were the Group operates and generates taxable income. Deferred tax Deferred tax is provided using the liability method on temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. Deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are recognized for all deductible temporary differences, carry forward of unused tax credits and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carry forward of unused tax credit and unused tax losses can be utilized. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date. Interest income Interest income included in investment income is recognized as the interest accrues using the effective interest method, under which the rate used exactly discounts estimated future cash receipts through the expected life of the financial asset to the net carrying amount of the financial asset. Dividend income Dividend revenue included in investment income is recognized when the right to receive the payment is established. Other revenues and expenses Other revenues consist of chartered flights revenues which are recognized when the transportation is provided. Related expenses are recognized in the same period as the revenues to which they relate. Leasing The Group assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Group as a lessee The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Group recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. Right-of-use assets The Group recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and are adjusted for any remeasurement of lease liabilities. The Group has included the right-of-use assets arising from the lease contracts within property, plant and premises in the consolidated statement of financial position (note 13). The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Unless the Group is reasonably certain to obtain ownership of the leased asset at the end of the lease term, the recognized right-of-use assets are depreciated on a straight-line basis over the shorter of its estimated useful life and the lease term. Right-of-use assets are subject to impairment. Lease liabilities At the commencement date of the lease, the Group recognizes lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Group and payments of penalties for terminating a lease, if the lease term reflects the Group exercising the option to terminate. The variable lease payments that do not depend on an index or a rate are recognized as expense in the period on which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Group uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the assessment to purchase the underlying asset. The Group has included the lease obligations arising from the lease contracts within the other liabilities in the consolidated statement of financial position (note 16). Short-term leases and leases of low-value assets The Group applies the short-term lease recognition exemption to some of its short-term leases (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the lease of low-value assets recognition exemption to leases that are considered of low value (i.e., below USD 5 thousand). Lease payments on short-term leases and leases of low-value assets are recognized as an expense on a straight-line basis over the lease term. Fair values Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either: In the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible to the Group. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the consolidated financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: Level 1 - Quoted (unadjusted) market prices in active markets for identical assets or liabilities Level 2 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable Level 3 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable For assets and liabilities that are recognized in the financial statements on a recurring basis, the Group determines whether transfers have occurred between Levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period. The Group’s management determines the policies and procedures for both recurring fair value measurement, such as unquoted available for sale financial assets. At each reporting date, the management analyses the movements in the values of assets and liabilities which are required to be re-measured or re-assessed as per the Group’s accounting policies. For this analysis, the management verifies the major inputs applied in the latest valuation by agreeing the information in the valuation computation to contracts and other relevant documents. For the purpose of fair value disclosures, the Group has determined classes of assets and liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above. Segment reporting Reporting segments and segment measures are explained and disclosed in note 30 Segment information. Listing related Expenses Listing transaction related costs are charged to the consolidated statement of income as incurred. Significant accounting judgements, estimates and assumptions The preparation of the Group’s consolidated financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures, and the disclosure of contingent liabilities. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods. Judgements In the process of applying the Group’s accounting policies, management has made the following judgements, apart from those involving estimations, which have the most significant effect in the amounts recognized in the consolidated financial statements: Classification of investments Financial assets are classified, at initial recognition, at cost and subsequently measured at amortized cost, fair value through other comprehensive income (OCI), and fair value through profit or loss. The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model for managing them. Financial instruments are initially recognized on the trade date measured at their fair value. Except for financial assets and financial liabilities recorded at FVTPL, transaction costs are added to this amount. The Group classifies all its financial assets based on the business model for managing the assets and the asset’s contractual terms. The categories include the following: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Amortized cost</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">FVOCI</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">FVTPL</td> </tr></table> Determining the lease term of contracts with renewal options The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease, if it is reasonably certain not to be exercised. The Group has the option, under some of its leases to lease the assets for additional terms. The Group applies judgement in evaluating whether it is reasonably certain to exercise the option to renew. The Group considers all relevant factors that create an economic incentive for it to exercise the renewal. After the commencement date, the Group reassesses the lease term if there is a significant event or change in circumstances that is within its control and affects its ability to exercise (or not to exercise) the option to renew (e.g., a change in business strategy). The Group included the renewal period as part of the lease term for leases of property, premises and equipment due to the significance of these assets to its operations. These leases have a short non-cancellable period and there will be a significant negative effect on the Group’s operations if a replacement is not readily available. Estimates and assumptions The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below. The Group based its assumptions and estimates on parameters available when the consolidated financial statements were prepared. Existing circumstances and assumptions about future developments, however, may change due to market changes or circumstances arising that are beyond the control of the Group. Such changes are reflected in the assumptions when they occur. Valuation of insurance contract liabilities Considerable judgement by management is required in the estimation of amounts due to contract holders arising from claims made under insurance contracts. Such estimates are necessarily based on assumptions about several factors involving varying, and possibly significant, degrees of judgement and uncertainty and actual results may differ from management’s estimates resulting in future changes in estimated liabilities. In particular, estimates have to be made both for the expected ultimate cost of claims reported at the consolidated statement of financial position date and for the expected ultimate cost of claims incurred but not yet reported (IBNR) at the consolidated statement of financial position date. The primary technique adopted by management in estimating the cost of notified and IBNR claims is that of using past claim settlement trends to predict future claims settlement trends. Claims requiring court or arbitration decisions are estimated individually. Independent loss adjustors normally estimate property claims. Management reviews its provisions for claims incurred, and claims incurred but not reported, on a quarterly basis. Similar judgements, estimates and assumptions are employed in the assessment of adequacy of provisions for unearned premiums. Judgement is also required in determining whether the pattern of insurance service provided by a contract requires amortization of unearned premiums on a basis other than time apportionment. Total carrying amount of insurance contract liabilities as at year ended 31 December 2020 was USD 492,255 thousand (2019: USD 413,053 thousand). As at 31 December 2020, gross incurred but not reported claims (IBNR) amounted to USD 179,921 thousand (2019: USD 120,331 thousand) out of the total insurance contract liabilities. Investment properties Investment properties amounted to USD 20,012 thousand as at 31 December 2020 (2019: USD 25,712 thousand) are stated at fair value. Management has determined the fair value and in doing so has considered valuation performed by a third-party specialist. The valuation model used was in accordance with that recommended by the International Valuation Standards Committee. The investment properties are valued using the sales comparison approach. Under the sales comparison approach, a property’s fair value is estimated based on comparable transactions. The sales comparison approach is based upon the principle of substitution under which a potential buyer will not pay more for the property than it will cost to buy a comparable substitute property. The unit of comparison applied by the Group is the price per square meter (sqm). Expected credit loss for insurance receivables The Group uses a provision matrix to calculate ECLs for insurance receivables. The provision rates are based on days past due for groupings of various policy holder’s segments that have similar default patterns. The provision matrix is initially based on the Group’s historical observed default rates. The Group will calibrate the matrix to adjust the historical credit loss experience with forward-looking information. For instance, if forecast economic conditions (i.e., gross domestic product) are expected to deteriorate over the next year which can lead to an increased number of defaults in the sector, the historical default rates are adjusted. At every reporting date, the historical observed default rates are updated and changes in the forward-looking estimates are analyzed. The amount of ECLs is sensitive to changes in circumstances and of forecast economic conditions. The Group’s historical credit loss experience and forecast of economic conditions may also not be representative of policy holder’s actual default in the future. In its ECL models, the Group relies on a range of forward-looking information as economic inputs, such as: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Real GDP growth by region</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Projected GDP growth by region</td> </tr></table> In determining impairment of financial assets, judgement is required in the estimation of the amount and timing of future cash flows as well as an assessment of whether the credit risk on the financial asset has increased significantly since initial recognition and incorporation of forward-looking information in the measurement of ECL. The Group considers insurance receivables in default when contractual payments are 360 days past due, and in doing so management considers but does not depend only on the age of the relevant accounts receivable. The adequacy of the Group’s past estimates as well as the high turnover ratio of receivables are also considered as main factors in evaluating the collectability of insurance receivables, especially in regions where the Group has experienced historical trends of slow collection such as the Middle East and Africa. Even in such regions, however, the Group has typically ultimately recovered the due premiums in full. The Group has in place credit appraisal policies for written business. The Group monitors and follows up on receivables for insurance transactions on an ongoing basis. Wherever, as a result of this formal chasing process, management determines that the settlement of a receivable is not probable, a notice of cancellation (NOC) will be issued within 30 – 60 days from the premium past due date. If the premium due is not paid within the NOC period, the insurance policy will be cancelled ab initio. The Group does not pay claims on policies where the policyholder is past due on premium payments, except for cases where the policyholder’s broker confirms that the due premium is in the process of being collected. Total expected credit losses on insurance receivables as at year ended 31 December 2020 was USD 9,235 thousand (2019: USD 6,394 thousand). Ultimate premiums In addition to reported premium income, the Group also includes an estimate for pipeline premiums representing amount due on business written but not yet reported. This is based on management’s judgement of market conditions and historical data using premium development patterns evident from active underwriting years to predict ultimate premiums trends at the close of the fiscal period. Estimated pipeline premiums as at year ended 31 December 2020 was USD 3,249 thousand (2019: USD 5,307 thousand).

0.10

0.15

Basis of consolidation The financial statements of the subsidiaries are prepared for the same period and amended where required to be compliant with the Group’s accounting policies. The consolidated financial statements comprise the financial statements of International General Insurance Holdings Ltd. and its subsidiaries as at 31 December 2020. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if and only if the Group has: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee)</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Exposure, or rights, to variable returns from its involvement with the investee, and</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The ability to use its power over the investee to affect its returns</td></tr></table> When the Group has less than a majority of the voting or similar rights of an investee, the Group considers all relevant facts and circumstances in assessing whether it has power over an investee, including: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The contractual arrangement with the other vote holders of the investee</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Rights arising from other contractual arrangements</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Group’s voting rights and potential voting rights</td></tr></table> The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Group gains control until the date the Group ceases to control the subsidiary. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with the Group’s accounting policies. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full on consolidation. A change in the ownership interest of a subsidiary, without a change of control, is accounted for as an equity transaction. If the Group loses control over a subsidiary, it: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Derecognizes the assets (including goodwill) and liabilities of the subsidiary;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Derecognizes the carrying amount of any non-controlling interest;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Derecognizes the cumulative translation differences, recorded in equity, if any;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Recognizes the fair value of the consideration received;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Recognizes the fair value of any investment retained;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Recognizes any surplus or deficit in profit or loss; and</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Reclassifies the parent’s share of components previously recognized in other comprehensive income to the consolidated statement of income or retained earnings, as appropriate.</td></tr></table> Subsidiaries are fully consolidated from the date of acquisition, being the date on which the Group obtains control, and continue to be consolidated until the date that such control ceases. All intercompany transactions, balances and unrealized gains and losses on transactions between Group companies are eliminated in full. The Group has the following subsidiaries and branches: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center; text-indent: -0.125in; padding-left: 0.125in"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Country of incorporation</td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Activity</td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Ownership</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-align: left; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center; padding-bottom: 1.5pt"> </td><td style="font-weight: normal; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="font-weight: normal; font-style: italic; text-align: center; padding-bottom: 1.5pt"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="text-align: left; font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2019</td><td style="font-style: italic; padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; width: 34%; text-align: left; text-indent: -0.125in; padding-left: 0.125in">International General Insurance Holdings Limited</td><td style="width: 1%"> </td> <td style="width: 20%; text-align: center">United Arab Emirates</td><td style="width: 1%"> </td> <td style="width: 20%; text-align: center">Reinsurance and insurance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: center"> </td><td style="width: 9%; font-weight: bold; text-align: right">100</td><td style="width: 1%; font-weight: bold; text-align: left">%</td><td style="text-align: center; width: 1%"> </td> <td style="width: 1%; text-align: center"> </td><td style="width: 9%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-align: left; text-indent: -0.125in; padding-left: 0.125in">Tiberius Acquisition Corporation</td><td> </td> <td style="text-align: center">United States of America</td><td> </td> <td style="text-align: center">Special purpose acquisition company</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: left; text-indent: -0.125in; padding-left: 0.125in"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-align: left; text-indent: -0.125in; padding-left: 0.125in">The following entities are wholly owned by the subsidiary International General Insurance Holdings Limited:</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; width: 34%">I.G.I Underwriting /Jordan “Exempted”</td><td style="width: 1%"> </td> <td style="text-align: center; width: 20%">Jordan</td><td style="width: 1%"> </td> <td style="text-align: center; width: 20%">Underwriting agency</td><td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; text-align: center; width: 1%"> </td><td style="font-weight: bold; text-align: right; width: 9%">100</td><td style="font-weight: bold; text-align: left; width: 1%">%</td><td style="text-align: center; width: 1%"> </td> <td style="text-align: center; width: 1%"> </td><td style="text-align: right; width: 9%">100</td><td style="text-align: left; width: 1%">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">North Star Underwriting Limited</td><td> </td> <td style="text-align: center">United Kingdom</td><td> </td> <td style="text-align: center">Underwriting agency</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">International General Insurance Co. Ltd.</td><td> </td> <td style="text-align: center">Bermuda</td><td> </td> <td style="text-align: center">Reinsurance and insurance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">The following entities are wholly owned subsidiaries and branches by International General Insurance Co. Ltd.:</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-style: italic; text-align: left; width: 34%">Subsidiaries:</td><td style="width: 1%"> </td> <td style="text-align: center; width: 20%"> </td><td style="width: 1%"> </td> <td style="text-align: center; width: 20%"> </td><td style="width: 1%"> </td> <td style="text-align: center; width: 1%"> </td><td style="text-align: right; width: 9%"> </td><td style="text-align: left; width: 1%"> </td><td style="text-align: center; width: 1%"> </td> <td style="text-align: center; width: 1%"> </td><td style="text-align: right; width: 9%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">International General Insurance Company (UK) Limited</td><td> </td> <td style="text-align: center">United Kingdom</td><td> </td> <td style="text-align: center">Reinsurance and insurance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">International General Insurance Company (Dubai) Ltd.</td><td> </td> <td style="text-align: center">United Arab Emirates</td><td> </td> <td style="text-align: center">Insurance intermediation and insurance management</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Specialty Malls Investment Company</td><td> </td> <td style="text-align: center">Jordan</td><td> </td> <td style="text-align: center">Real estate properties development and lease</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">IGI Services Ltd</td><td> </td> <td style="text-align: center">Cayman Islands</td><td> </td> <td style="text-align: center">Owning and chartering aircraft</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-style: italic; text-align: left">Branches:</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">International General Insurance Company Ltd. - Labuan Branch</td><td> </td> <td style="text-align: center">Malaysia</td><td> </td> <td style="text-align: center">Reinsurance and insurance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> </table>

Changes in accounting policies The accounting policies used in the preparation of the consolidated financial statements are consistent with those used in the preparation of the annual consolidated financial statements for the year ended 31 December 2019. There are no new standards or amendments effective in 2020 that have a material impact on the Group’s consolidated financial statements. Standards issued but not yet effective IFRS 17 Insurance Contracts IFRS 17 provides a comprehensive model for insurance contracts covering the recognition and measurement and presentation and disclosure of insurance contracts and replaces IFRS 4 - Insurance Contracts. The standard applies to all types of insurance contracts (i.e. life, non-life, direct insurance and re-insurance), regardless of the type of entities that issue them, as well as to certain guarantees and financial instruments with discretionary participation features. The standard general model is supplemented by the variable fee approach and the premium allocation approach. The new standard will be effective for annual periods beginning on or after 1 January 2023 with comparative figures required. Early application is permitted provided that the entity also applies IFRS 9 on or before the date it first applies IFRS 17. The Group is currently in the process of evaluating the potential impact of adopting IFRS 17.

Cash and cash equivalents Cash and cash equivalents consist of cash on hand, bank balances, and short-term deposits with an original maturity of three months or less.

Term deposits The term deposits are interest bearing bank deposits with original maturity over 3 months. P3M

Investments in associates The Group’s investment in its associates is accounted for using the equity method of accounting. An associate is an entity in which the Group has significant influence, and which is neither a subsidiary nor a joint venture. The considerations made in determining significant influence or joint control are similar to those necessary to determine control over subsidiaries. Under the equity method, the investment in the associate is carried in the consolidated statement of financial position at cost plus post-acquisition changes in the Group’s share of net assets of the associate. Profits or losses resulting from transactions between the Group and the associate are eliminated to the extent of the interest in the associate. The share of profit or loss of the associate is shown on the face of the consolidated statement of income. This is profit attributable to equity holders of the associate and, therefore, is profit after tax and non-controlling interests in the subsidiaries of the associates. The financial statements of the associate are prepared for the same reporting period as the Group. Where necessary, adjustments are made to bring its accounting policies in line with the Group’s. After application of the equity method, the Group determines whether it is necessary to recognize an additional impairment loss on the Group’s investments in associates. The Group determines at each reporting date, whether there is any objective evidence that the investment in the associate is impaired. If this is the case, the Group calculates the amount of impairment as the difference between the recoverable amount of the associate and its carrying value and recognizes the amount in the ‘share of profit or loss of an associate’ in the consolidated statement of income. Upon loss of significant influence over the associate, the Group measures and recognizes any remaining investment at its fair value. Any difference between the carrying amount of the associate upon loss of significant influence and the fair value of the remaining investment and proceeds from disposal is recognized in consolidated statement of income.

Investment properties Investment properties are measured initially at cost, including transaction costs. The carrying amount includes the cost of replacing part of an existing investment property at the time that cost is incurred if the recognition criteria are met; and excludes the costs of day to day servicing of an investment property. Subsequent to initial recognition, investment properties are stated at fair value, which reflects market conditions at the reporting date. Gains or losses arising from changes in the fair values of investment properties are included in the consolidated statement of income in the period in which they arise. The fair value of the investment properties is determined by management and in doing so management considers the valuation performed by third parties who are specialists in valuing these types of investment properties. Investment properties are derecognized when either they have been disposed of or when the investment property is permanently withdrawn from use and no future economic benefit is expected from its disposal. The difference between the net disposal proceeds and the carrying amount of the asset is recognized in the consolidated statement of income in the period of derecognition. The amount of consideration to be included in the gain or loss arising from the derecognition of investment property is determined in accordance with the requirements for determining the transaction price in IFRS 15. Transfers are made to or from investment property only when there is a change in use. For a transfer from investment property to owner occupied property, the deemed cost for subsequent accounting is the fair value at the date of change in use. If owner occupied property becomes an investment property, the Group accounts for such property in accordance with the policy stated under property, plant and equipment up to the date of change in use.

Property, premises and equipment Property, premises and equipment are stated at cost less accumulated depreciation and any impairment in value. Depreciation is calculated on a straight-line basis over the estimated useful lives using the following estimated useful lives: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in; width: 86%; text-align: justify; padding-bottom: 1.5pt"> </td> <td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 12%; text-align: center">Years</td> <td style="width: 1%; text-align: justify; padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Office buildings</td> <td> </td> <td style="text-align: center">20</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Aircraft </td> <td> </td> <td style="text-align: center">12.5</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Office furniture </td> <td> </td> <td style="text-align: center">5</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Computers </td> <td> </td> <td style="text-align: center">3</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Equipment </td> <td> </td> <td style="text-align: center">4</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Leasehold improvements </td> <td> </td> <td style="text-align: center">5</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Vehicles</td> <td> </td> <td style="text-align: center">5</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Right-of-use assets</td> <td> </td> <td style="text-align: center">2-7</td> <td style="text-align: justify"> </td></tr> </table> An item of property, premises and equipment and any significant part initially recognized, is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the consolidated statement of income when the asset is derecognized. The assets’ residual values, useful lives and method of depreciation are reviewed and adjusted if appropriate at each financial year-end. Impairment reviews take place when events or changes in circumstances indicate that the carrying value may not be recoverable. Impairment losses are recognized in the consolidated statement of income as an expense.

Intangible assets Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is their fair value at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortization and accumulated impairment losses. The useful lives of intangible assets are assessed as either finite or indefinite. Intangible assets with finite lives are amortized over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired. The amortization period and the amortization method for an intangible asset with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are considered to modify the amortization period or method, as appropriate, and are treated as changes in accounting estimates. The amortization expense on intangible assets with finite lives is recognized in the consolidated statement of income in the expense category that is consistent with the function of the intangible assets. An intangible asset is derecognized upon disposal (i.e., at the date the recipient obtains control) or when no future economic benefits are expected from its use or disposal. Any gain or loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the consolidated statement of income. Intangible assets include computer software and software licenses. These intangible assets are amortized on a straight-line basis over their estimated economic useful lives of 5 years.

P5Y Work in progress assets Work in progress assets are stated at cost and include other direct costs and it is not depreciated until it is available for intended use.

Treasury shares Own equity instruments that are reacquired (treasury shares) are recognized at cost and deducted from equity. No gain or loss is recognized in the consolidated statement of income on the purchase, sale, issue or cancellation of the Group’s own equity instruments. Any difference between the carrying amount and the consideration, if reissued, is recognized in share premium.

Gross written premiums Gross written premiums comprise the total premiums receivable for the whole period of cover provided by contracts entered into during the accounting period. They are recognized on the date on which the policy commences. Premiums include any adjustments arising in the accounting period for premiums receivable in respect of business written in prior accounting periods. Rebates that form part of the premium rate, such as no-claim rebates, are deducted from the gross premium; others are recognized as an expense. Premiums also include estimates for pipeline premiums, representing amounts due on business written but not yet notified. The Group generally estimates the pipeline premium based on management’s judgment and prior experience. Unearned premiums are those proportions of premiums written in a year that relate to periods of risk after the reporting date. Unearned premiums are calculated on a pro rata basis. The proportion attributable to subsequent periods is deferred as a provision for unearned premiums. Reinsurance premiums Reinsurance premiums comprise the total premiums payable for the reinsurance cover provided by retrocession contracts entered into during the year and are recognized on the date on which the policy incepts. Premiums include any adjustments arising in the accounting period in respect of reinsurance contracts incepting in prior accounting periods. Unearned reinsurance premiums are those proportions of premiums written in a year that relate to periods of risk after the reporting date. Unearned reinsurance premiums are deferred over the term of the underlying direct insurance policies for risks-attaching contracts and over the term of the reinsurance contract for losses occurring contracts. Claims Claims, comprising amounts payable to contract holders and third parties and related loss adjustment expenses, net of salvage and other recoveries, are charged to income as incurred. Claims comprise the estimated amounts payable, in respect of claims reported to the Group and those not reported at the consolidated statement of financial position date. The Group generally estimates its claims based on appointed loss adjusters or leading underwriters’ recommendations. In addition, a provision based on management’s judgement and the Group’s prior experience is maintained for the cost of settling claims incurred but not reported at the consolidated statement of financial position date.

Policy acquisition costs and commissions earned Policy acquisition costs and commission earned represent commissions paid and received in relation to the acquisition and renewal of insurance and retrocession contracts which are deferred and expensed over the same period over which the corresponding premiums are recognised in accordance with the earning pattern of the underlying contract.

Reinsurance The Group cedes insurance risk in the normal course of business for all of its businesses. Reinsurance assets represent balances due from reinsurance companies. Amounts recoverable from reinsurers are estimated in a manner consistent with the outstanding claims provision or settled claims associated with the reinsurer’s policies and are in accordance with the related reinsurance contract. Reinsurance assets are reviewed for impairment at each reporting date, or more frequently, when an indication of impairment arises during the reporting year. Impairment occurs when there is objective evidence as a result of an event that occurred after initial recognition of the reinsurance asset that the Group may not receive all outstanding amounts due under the terms of the contract and the event has a reliably measurable impact on the amounts that the Group will receive from the reinsurer. The impairment loss is recorded in the consolidated statement of income. Gains or losses on buying reinsurance are recognized in the consolidated statement of income immediately at the date of purchase and are not amortized. Ceded reinsurance arrangements do not relieve the Group from its obligations to policyholders. The Group also assumes reinsurance risk in the normal course of business for non-life insurance contracts where applicable. Premiums and claims on assumed reinsurance are recognized as revenue or expenses in the same manner as they would be if the reinsurance were considered direct business, taking into account the product classification of the reinsured business. Reinsurance liabilities represent balances due to reinsurance companies. Amounts payable are estimated in a manner consistent with the related reinsurance contract. Premiums and claims are presented on a gross basis for both ceded and assumed reinsurance. Reinsurance assets or liabilities are derecognized when the contractual rights are extinguished or expire or when the contract is transferred to another party. Reinsurance contracts that do not transfer significant insurance risk are accounted for directly through the statement of financial position. These are deposit assets or financial liabilities that are recognized based on the consideration paid or received less any explicit identified premiums or fees to be retained by the reinsured.

Excess of loss (XOL) reinsurance The Group purchases reinsurance as part of its risk mitigation programmer. The Group has a non–proportional excess–of–loss reinsurance contracts designed to mitigate the Group’s net exposure of losses that exceed a specified limit including catastrophe losses. These contracts often specify a limit in losses for which the reinsurer will be responsible. This limit is agreed to in the reinsurance contract and protects the Group from dealing with an unlimited liability. Retention limits for the excess–of–loss reinsurance vary by line of business. The XOL costs are determined at the inception of the reinsurance contract and are payable upfront in the form of ‘Minimum and Deposit Premium’ (MDP) subject to premium adjustment at the end of the contract period. Deferred excess of loss premiums are those proportions of premiums paid during the year that relate to periods of risk after the reporting date. Deferred premiums are calculated on a pro rata basis. Excess of loss reinsurance also includes reinstatement premium and related cash flows within the boundary of the initial reinsurance contract arising from usage of primary reinsurance coverage limit. Reinstatement occurs at predetermined rates without giving reinsurer any right to exit or reprice the contract. This implies expected cash flows related to the reinstatement premium shall be within the boundary of the initial reinsurance contract and are not related to future contracts.

Equity settled Share-based payment plan The Group operates an equity-settled share-based plan to its employees, under which the Group receives services from employees as consideration for equity instruments of the Group. The fair value of the employee services received in exchange for the grant of the equity instruments is recognized as an expense. The total amount to be expensed is determined by reference to the fair value of the equity instruments granted, at the grant date. The total expense is recognized during the vesting period, which is the period over which the specified vesting condition of the share-based payment are to be satisfied. At the end of each reporting period, the Group revises its estimates of the number of equity instruments that are expected to vest based on the vesting conditions and recognizes the impact of the revision of original estimates, if any, in the consolidated statement of income, with corresponding adjustment to equity.

Offsetting Financial assets and financial liabilities are offset, and the net amount reported in the consolidated statement of financial position only when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis, or to realize the assets and settle the liability simultaneously. Income and expense are not offset in the consolidated statement of income unless required or permitted by any accounting standard or interpretation.

Foreign currencies The Group’s consolidated financial statements are presented in United States Dollars, which is also the functional currency of the Group. Each entity in the Group determines its own functional currency and items included in the financial statements of each entity are measured using that functional currency. Transactions and balances Transactions in foreign currencies are initially recorded by the Group entities at their respective functional currency rates prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the functional currency spot rate of exchange ruling at the reporting date. All differences are taken to the consolidated statement of income. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates as at the dates of the initial transactions. Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value is determined. Group companies The assets and liabilities of foreign operations are translated into United States Dollars at the rate of exchange prevailing at the reporting date and their statements of income are translated at exchange rates prevailing at the date of the transactions. The exchange differences arising on the translation are recognized in the consolidated statement of comprehensive income. On disposal of a foreign operation, the component of other comprehensive income relating to that particular foreign operation is recognized in the consolidated statement of income.

Taxation The charge or credit for taxation is based upon the profit or loss for the year and takes into account taxation deferred because of temporary differences between the treatment of certain items for taxation and accounting purposes. Current income tax Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date in the countries were the Group operates and generates taxable income. Deferred tax Deferred tax is provided using the liability method on temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. Deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are recognized for all deductible temporary differences, carry forward of unused tax credits and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carry forward of unused tax credit and unused tax losses can be utilized. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date.

Dividend income Dividend revenue included in investment income is recognized when the right to receive the payment is established. Other revenues and expenses Other revenues consist of chartered flights revenues which are recognized when the transportation is provided. Related expenses are recognized in the same period as the revenues to which they relate. Leasing The Group assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Group as a lessee The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Group recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. Right-of-use assets The Group recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and are adjusted for any remeasurement of lease liabilities. The Group has included the right-of-use assets arising from the lease contracts within property, plant and premises in the consolidated statement of financial position (note 13). The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Unless the Group is reasonably certain to obtain ownership of the leased asset at the end of the lease term, the recognized right-of-use assets are depreciated on a straight-line basis over the shorter of its estimated useful life and the lease term. Right-of-use assets are subject to impairment. Lease liabilities At the commencement date of the lease, the Group recognizes lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Group and payments of penalties for terminating a lease, if the lease term reflects the Group exercising the option to terminate. The variable lease payments that do not depend on an index or a rate are recognized as expense in the period on which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Group uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the assessment to purchase the underlying asset. The Group has included the lease obligations arising from the lease contracts within the other liabilities in the consolidated statement of financial position (note 16). Short-term leases and leases of low-value assets The Group applies the short-term lease recognition exemption to some of its short-term leases (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the lease of low-value assets recognition exemption to leases that are considered of low value (i.e., below USD 5 thousand). Lease payments on short-term leases and leases of low-value assets are recognized as an expense on a straight-line basis over the lease term. P12M 5000

Fair values Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either: In the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible to the Group. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the consolidated financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: Level 1 - Quoted (unadjusted) market prices in active markets for identical assets or liabilities Level 2 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable Level 3 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable For assets and liabilities that are recognized in the financial statements on a recurring basis, the Group determines whether transfers have occurred between Levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period. The Group’s management determines the policies and procedures for both recurring fair value measurement, such as unquoted available for sale financial assets. At each reporting date, the management analyses the movements in the values of assets and liabilities which are required to be re-measured or re-assessed as per the Group’s accounting policies. For this analysis, the management verifies the major inputs applied in the latest valuation by agreeing the information in the valuation computation to contracts and other relevant documents. For the purpose of fair value disclosures, the Group has determined classes of assets and liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above.

Segment reporting Reporting segments and segment measures are explained and disclosed in note 30 Segment information.

Listing related Expenses Listing transaction related costs are charged to the consolidated statement of income as incurred. Significant accounting judgements, estimates and assumptions The preparation of the Group’s consolidated financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures, and the disclosure of contingent liabilities. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods. Judgements In the process of applying the Group’s accounting policies, management has made the following judgements, apart from those involving estimations, which have the most significant effect in the amounts recognized in the consolidated financial statements: Classification of investments Financial assets are classified, at initial recognition, at cost and subsequently measured at amortized cost, fair value through other comprehensive income (OCI), and fair value through profit or loss. The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model for managing them. Financial instruments are initially recognized on the trade date measured at their fair value. Except for financial assets and financial liabilities recorded at FVTPL, transaction costs are added to this amount. The Group classifies all its financial assets based on the business model for managing the assets and the asset’s contractual terms. The categories include the following: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Amortized cost</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">FVOCI</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">FVTPL</td></tr></table> Determining the lease term of contracts with renewal options The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease, if it is reasonably certain not to be exercised. The Group has the option, under some of its leases to lease the assets for additional terms. The Group applies judgement in evaluating whether it is reasonably certain to exercise the option to renew. The Group considers all relevant factors that create an economic incentive for it to exercise the renewal. After the commencement date, the Group reassesses the lease term if there is a significant event or change in circumstances that is within its control and affects its ability to exercise (or not to exercise) the option to renew (e.g., a change in business strategy). The Group included the renewal period as part of the lease term for leases of property, premises and equipment due to the significance of these assets to its operations. These leases have a short non-cancellable period and there will be a significant negative effect on the Group’s operations if a replacement is not readily available. Estimates and assumptions The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below. The Group based its assumptions and estimates on parameters available when the consolidated financial statements were prepared. Existing circumstances and assumptions about future developments, however, may change due to market changes or circumstances arising that are beyond the control of the Group. Such changes are reflected in the assumptions when they occur. Valuation of insurance contract liabilities Considerable judgement by management is required in the estimation of amounts due to contract holders arising from claims made under insurance contracts. Such estimates are necessarily based on assumptions about several factors involving varying, and possibly significant, degrees of judgement and uncertainty and actual results may differ from management’s estimates resulting in future changes in estimated liabilities. In particular, estimates have to be made both for the expected ultimate cost of claims reported at the consolidated statement of financial position date and for the expected ultimate cost of claims incurred but not yet reported (IBNR) at the consolidated statement of financial position date. The primary technique adopted by management in estimating the cost of notified and IBNR claims is that of using past claim settlement trends to predict future claims settlement trends. Claims requiring court or arbitration decisions are estimated individually. Independent loss adjustors normally estimate property claims. Management reviews its provisions for claims incurred, and claims incurred but not reported, on a quarterly basis. Similar judgements, estimates and assumptions are employed in the assessment of adequacy of provisions for unearned premiums. Judgement is also required in determining whether the pattern of insurance service provided by a contract requires amortization of unearned premiums on a basis other than time apportionment. Total carrying amount of insurance contract liabilities as at year ended 31 December 2020 was USD 492,255 thousand (2019: USD 413,053 thousand). As at 31 December 2020, gross incurred but not reported claims (IBNR) amounted to USD 179,921 thousand (2019: USD 120,331 thousand) out of the total insurance contract liabilities. 492255000 413053000 179921000 120331000 Investment properties Investment properties amounted to USD 20,012 thousand as at 31 December 2020 (2019: USD 25,712 thousand) are stated at fair value. Management has determined the fair value and in doing so has considered valuation performed by a third-party specialist. The valuation model used was in accordance with that recommended by the International Valuation Standards Committee. The investment properties are valued using the sales comparison approach. Under the sales comparison approach, a property’s fair value is estimated based on comparable transactions. The sales comparison approach is based upon the principle of substitution under which a potential buyer will not pay more for the property than it will cost to buy a comparable substitute property. The unit of comparison applied by the Group is the price per square meter (sqm). 20012000 25712000 Expected credit loss for insurance receivables The Group uses a provision matrix to calculate ECLs for insurance receivables. The provision rates are based on days past due for groupings of various policy holder’s segments that have similar default patterns. The provision matrix is initially based on the Group’s historical observed default rates. The Group will calibrate the matrix to adjust the historical credit loss experience with forward-looking information. For instance, if forecast economic conditions (i.e., gross domestic product) are expected to deteriorate over the next year which can lead to an increased number of defaults in the sector, the historical default rates are adjusted. At every reporting date, the historical observed default rates are updated and changes in the forward-looking estimates are analyzed. The amount of ECLs is sensitive to changes in circumstances and of forecast economic conditions. The Group’s historical credit loss experience and forecast of economic conditions may also not be representative of policy holder’s actual default in the future. In its ECL models, the Group relies on a range of forward-looking information as economic inputs, such as: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Real GDP growth by region</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Projected GDP growth by region</td> </tr></table> In determining impairment of financial assets, judgement is required in the estimation of the amount and timing of future cash flows as well as an assessment of whether the credit risk on the financial asset has increased significantly since initial recognition and incorporation of forward-looking information in the measurement of ECL. The Group considers insurance receivables in default when contractual payments are 360 days past due, and in doing so management considers but does not depend only on the age of the relevant accounts receivable. The adequacy of the Group’s past estimates as well as the high turnover ratio of receivables are also considered as main factors in evaluating the collectability of insurance receivables, especially in regions where the Group has experienced historical trends of slow collection such as the Middle East and Africa. Even in such regions, however, the Group has typically ultimately recovered the due premiums in full. The Group has in place credit appraisal policies for written business. The Group monitors and follows up on receivables for insurance transactions on an ongoing basis. Wherever, as a result of this formal chasing process, management determines that the settlement of a receivable is not probable, a notice of cancellation (NOC) will be issued within 30 – 60 days from the premium past due date. If the premium due is not paid within the NOC period, the insurance policy will be cancelled ab initio. The Group does not pay claims on policies where the policyholder is past due on premium payments, except for cases where the policyholder’s broker confirms that the due premium is in the process of being collected. Total expected credit losses on insurance receivables as at year ended 31 December 2020 was USD 9,235 thousand (2019: USD 6,394 thousand). 9235000 6394000 Ultimate premiums In addition to reported premium income, the Group also includes an estimate for pipeline premiums representing amount due on business written but not yet reported. This is based on management’s judgement of market conditions and historical data using premium development patterns evident from active underwriting years to predict ultimate premiums trends at the close of the fiscal period. Estimated pipeline premiums as at year ended 31 December 2020 was USD 3,249 thousand (2019: USD 5,307 thousand). 3249000 5307000

Financial assets <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">a)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Initial recognition and measurement</td></tr></table> Financial assets are classified, at initial recognition, at cost and subsequently measured at amortized cost, fair value through other comprehensive income (OCI), and fair value through profit or loss (FVTPL). The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model for managing them. Financial instruments are initially recognized on the trade date measured at their fair value. Except for financial assets and financial liabilities recorded at FVTPL, transaction costs are added to this amount. The Group classifies all of its financial assets based on the business model for managing the assets and the asset’s contractual terms. The categories include the following: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Amortized cost</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">FVOCI</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">FVTPL</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">i)</td><td style="text-align: justify">Bonds and debt instruments measured at amortized cost</td> </tr></table> Bonds and debt instruments are held at amortized cost if both of the following conditions are met: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">The instruments are held within a business model with the objective of holding the instrument to collect the contractual cash flows.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">The contractual terms of the debt instrument give rise on specified dates to cash flows that are solely payments of principal and interest (SPPI) on the principal amount outstanding.</td> </tr></table> The details of these conditions are outlined below. Business model assessment The Group determines its business model at the level that best reflects how it manages groups of financial assets to achieve its business objective. The Group holds financial assets to generate returns and provide a capital base to provide for settlement of claims as they arise. The Group considers the timing, amount and volatility of cash flow requirements to support insurance liability portfolios in determining the business model for the assets as well as the potential to maximize return for shareholders and future business development. The Group business model is not assessed on an instrument-by-instrument basis, but at a higher level of aggregated portfolios that is based on observable factors such as: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">How the performance of the business model and the financial assets held within that business model are evaluated and reported to the Group’s key management personnel.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">The risks that affect the performance of the business model (and the financial assets held within that business model) and, in particular, the way those risks are managed.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">How managers of the business are compensated (for example, whether the compensation is based on the fair value of the assets managed or on the contractual cash flows collected).</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">The expected frequency, value and timing of asset sales are also important aspects of the Group’s assessment.</td> </tr></table> The business model assessment is based on reasonably expected scenarios without taking ‘worst case’ or ‘stress case’ scenarios into account. If cash flows after initial recognition are realized in a way that is different from the Group original expectations, the Group does not change the classification of the remaining financial assets held in that business model but incorporates such information when assessing newly originated or newly purchased financial assets going forward. The SPPI test As a second step of its classification process the Group assesses the contractual terms to identify whether they meet the SPPI test. ‘Principal’ for the purpose of this test is defined as the fair value of the financial asset at initial recognition and may change over the life of the financial asset (for example, if there are repayments of principal or amortization of the premium/discount). The most significant elements of interest within a debt arrangement are typically the consideration for the time value of money and credit risk. To make the SPPI assessment, the Group applies judgement and considers relevant factors such as the currency in which the financial asset is denominated, and the period for which the interest rate is set. Bonds and debt instruments measured at fair value through other comprehensive income The Group applies this category under IFRS 9 for debt instruments measured at FVOCI when both of the following conditions are met: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">The instrument is held within a business model, the objective of which is both collecting contractual cash flows and selling financial assets.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">The contractual terms of the financial asset meet the SPPI test.</td> </tr></table> Bonds and debt instruments in this category are those that are intended to be held to collect contractual cash flows and which may be sold in response to needs for liquidity or in response to changes in market conditions. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">ii)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Financial assets measured at fair value through profit or loss (Quoted funds, alternative investments and quoted equities)</td></tr></table> Financial assets in this category are those assets which have been either designated by management upon initial recognition or are mandatorily required to be measured at fair value under IFRS 9. Management designates an instrument as FVTPL that otherwise meet the requirements to be measured at amortized cost or at FVOCI only if it eliminates, or significantly reduces, an accounting mismatch that would otherwise arise. Financial assets with contractual cash flows not representing solely payment of principal and interest are mandatorily required to be measured at FVTPL. Financial assets at FVTPL are subsequently measured at fair value. Changes in fair value are recognized in the consolidated statement of income. Interest income is recognized using the effective interest method. Dividend income from equity investments measured at FVTPL is recognized in the consolidated statement of income when the right to the payment has been established. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">iii)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Financial assets measured at fair value through other comprehensive income (Quoted and unquoted equities)</td></tr></table> Upon initial recognition, the Group can elect to classify irrevocably its equity investments as equity instruments designated at fair value through OCI when they meet the definition of equity under IAS 32 Financial Instruments: Presentation and are not held for trading. The classification is determined on an instrument-by-instrument basis. Financial assets measured at fair value through other comprehensive income include equities investments. Equity investments classified as financial assets measured at fair value through other comprehensive income are those, which are not classified as financial assets measured at fair value through profit or loss. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">iv)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Reclassification of financial assets and liabilities</td></tr></table> The Group does not reclassify its financial assets subsequent to their initial recognition, apart from the exceptional circumstances in which the Group terminates a business line or changes its business model for managing financial assets. A change in Group business model will occur only when Group management determines change as a result of external or internal changes which are significant to the Group operations. Reclassifications shall all be recorded prospectively from the reclassification date. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">b)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Subsequent measurement</td></tr></table> For purposes of subsequent measurement, financial assets in the scope of IFRS 9 are classified in four categories: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Financial assets at amortized cost (bonds, debt instruments)</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Financial assets at fair value through OCI with recycling of cumulative gains and losses (bonds and debt instruments)</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Financial assets designated at fair value through OCI with no recycling of cumulative gains and losses upon derecognition (equity instruments)</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">Financial assets at fair value through profit or loss</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">i)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Financial assets at amortized cost (bonds, debt instruments)</td></tr></table> Financial assets at amortized cost are subsequently measured using the effective interest (EIR) method and are subject to impairment. Gains and losses are recognized in the consolidated statement of income when the asset is derecognized, modified, or impaired. The Group’s debt instruments at amortized cost includes investments in unquoted debt instruments. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">ii)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Financial assets at fair value through OCI (debt instruments)</td></tr></table> For debt instruments at fair value through OCI, interest income, foreign exchange revaluation and impairment losses or reversals are recognized in the consolidated statement of income and computed in the same manner as for financial assets measured at amortized cost. The remaining fair value changes are recognized in OCI. Upon derecognition, the cumulative fair value change recognized in OCI is recycled to the consolidated statement of income. The Group’s debt instruments at fair value through OCI includes investments in quoted debt instruments. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">iii)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Financial assets designated at fair value through OCI (equity instruments)</td></tr></table> Gains and losses on these financial assets are never recycled to the consolidated statement of income. Dividends are recognized as investment income in the consolidated statement of income when the right of payment has been established, except when the Group benefits from such proceeds as a recovery of part of the cost of the financial asset, in which case, such gains are recorded in OCI. Equity instruments designated at fair value through OCI are not subject to impairment assessment. The Group elected to classify irrevocably its unquoted equity investments and some quoted equity investments under this category. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">iv)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Financial assets at fair value through profit or loss</td></tr></table> Financial assets at fair value through profit or loss include financial assets held for trading, financial assets designated upon initial recognition at fair value through profit or loss, or financial assets mandatorily required to be measured at fair value. Financial assets are classified as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivatives, including separated embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments. Financial assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit or loss, irrespective of the business model. Notwithstanding the criteria for debt instruments to be classified at amortized cost or at fair value through OCI, as described above, debt instruments may be designated at fair value through profit or loss on initial recognition if doing so eliminates, or significantly reduces, an accounting mismatch. Financial assets at fair value through profit or loss are carried in the consolidated statement of financial position at fair value with net changes in fair value recognized in the consolidated statement of income. This category includes quoted funds, alternative investments and quoted equity investments which the Group had not irrevocably elected to classify at fair value through OCI. Dividends on quoted equity investments are also recognized as investment income in the consolidated statement of income when the right of payment has been established. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">c)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Derecognition</td></tr></table> A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized (i.e., removed from the Group’s consolidated statement of financial position) when: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">The rights to receive cash flows from the asset have expired, or</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">●</td><td style="text-align: justify">The Group has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a ‘pass-through’ arrangement; and either (a) the Group has transferred substantially all the risks and rewards of the asset, or (b) the Group has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">d)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Impairment of financial assets in scope of IFRS 9</td></tr></table> The Group recognizes an allowance for expected credit losses (ECLs) for debt instruments not held at fair value through profit or loss. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms, if any. ECLs are recognized in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL). For debt instruments at fair value through OCI, the Group applies the low credit risk simplification. At every reporting date, the Group evaluates whether the debt instrument is considered to have low credit risk using all reasonable and supportable information that is available without undue cost or effort. In making that evaluation, the Group reassesses the credit rating of the debt instrument. In addition, the Group considers that there has been a significant increase in credit risk when contractual payments are more than 30 days past due. The Group’s debt instruments at fair value through OCI comprise solely of quoted bonds that are graded in the top investment category by accredited rating agencies and, therefore, are considered to be low credit risk investments. It is the Group’s policy to measure ECLs on such instruments on a 12-month basis. However, when there has been a significant increase in credit risk since origination, the allowance will be based on the lifetime ECL. The Group uses the ratings from accredited rating agencies to monitor the changes in the credit ratings, determine whether the debt instrument has significantly increased in credit risk and to estimate ECLs. The ECLs for debt instruments measured at FVOCI do not reduce the carrying amount of these financial assets in the statement of financial position, which remains at fair value. Instead, an amount equal to the allowance that would arise if the assets were measured at amortized cost is recognized in OCI with a corresponding charge to the consolidated statement of income. The accumulated gain recognized in OCI is recycled to the consolidated statement of income upon derecognition of the assets. The Group considers a financial asset in default when contractual payments are 30 days past due. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Group. A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows. Financial assets are written off either partially or in their entirety only when the Group has stopped pursuing the recovery. If the amount to be written off is greater than the accumulated loss allowance, the difference is first treated as an addition to the allowance that is then applied against the gross carrying amount. Any subsequent recoveries are credited to credit loss expense. There were no write-offs over the periods reported in these consolidated financial statements. For cash flow purposes the Group classifies the cash flow for the acquisition and disposal of financial assets as operating cash flows, as the purchases of these investments is funded from the net cash flows associated with the origination of insurance and investment contracts and payment of benefits and claims incurred for such insurance contracts, which are respectively treated under operating activities.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center; text-indent: -0.125in; padding-left: 0.125in"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Country of incorporation</td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Activity</td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Ownership</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-align: left; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center; padding-bottom: 1.5pt"> </td><td style="font-weight: normal; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="font-weight: normal; font-style: italic; text-align: center; padding-bottom: 1.5pt"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="text-align: left; font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2019</td><td style="font-style: italic; padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; width: 34%; text-align: left; text-indent: -0.125in; padding-left: 0.125in">International General Insurance Holdings Limited</td><td style="width: 1%"> </td> <td style="width: 20%; text-align: center">United Arab Emirates</td><td style="width: 1%"> </td> <td style="width: 20%; text-align: center">Reinsurance and insurance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: center"> </td><td style="width: 9%; font-weight: bold; text-align: right">100</td><td style="width: 1%; font-weight: bold; text-align: left">%</td><td style="text-align: center; width: 1%"> </td> <td style="width: 1%; text-align: center"> </td><td style="width: 9%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-align: left; text-indent: -0.125in; padding-left: 0.125in">Tiberius Acquisition Corporation</td><td> </td> <td style="text-align: center">United States of America</td><td> </td> <td style="text-align: center">Special purpose acquisition company</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: left; text-indent: -0.125in; padding-left: 0.125in"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-align: left; text-indent: -0.125in; padding-left: 0.125in">The following entities are wholly owned by the subsidiary International General Insurance Holdings Limited:</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; width: 34%">I.G.I Underwriting /Jordan “Exempted”</td><td style="width: 1%"> </td> <td style="text-align: center; width: 20%">Jordan</td><td style="width: 1%"> </td> <td style="text-align: center; width: 20%">Underwriting agency</td><td style="font-weight: bold; width: 1%"> </td> <td style="font-weight: bold; text-align: center; width: 1%"> </td><td style="font-weight: bold; text-align: right; width: 9%">100</td><td style="font-weight: bold; text-align: left; width: 1%">%</td><td style="text-align: center; width: 1%"> </td> <td style="text-align: center; width: 1%"> </td><td style="text-align: right; width: 9%">100</td><td style="text-align: left; width: 1%">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">North Star Underwriting Limited</td><td> </td> <td style="text-align: center">United Kingdom</td><td> </td> <td style="text-align: center">Underwriting agency</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">International General Insurance Co. Ltd.</td><td> </td> <td style="text-align: center">Bermuda</td><td> </td> <td style="text-align: center">Reinsurance and insurance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">The following entities are wholly owned subsidiaries and branches by International General Insurance Co. Ltd.:</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-style: italic; text-align: left; width: 34%">Subsidiaries:</td><td style="width: 1%"> </td> <td style="text-align: center; width: 20%"> </td><td style="width: 1%"> </td> <td style="text-align: center; width: 20%"> </td><td style="width: 1%"> </td> <td style="text-align: center; width: 1%"> </td><td style="text-align: right; width: 9%"> </td><td style="text-align: left; width: 1%"> </td><td style="text-align: center; width: 1%"> </td> <td style="text-align: center; width: 1%"> </td><td style="text-align: right; width: 9%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">International General Insurance Company (UK) Limited</td><td> </td> <td style="text-align: center">United Kingdom</td><td> </td> <td style="text-align: center">Reinsurance and insurance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">International General Insurance Company (Dubai) Ltd.</td><td> </td> <td style="text-align: center">United Arab Emirates</td><td> </td> <td style="text-align: center">Insurance intermediation and insurance management</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Specialty Malls Investment Company</td><td> </td> <td style="text-align: center">Jordan</td><td> </td> <td style="text-align: center">Real estate properties development and lease</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">IGI Services Ltd</td><td> </td> <td style="text-align: center">Cayman Islands</td><td> </td> <td style="text-align: center">Owning and chartering aircraft</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; font-style: italic; text-align: left">Branches:</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">International General Insurance Company Ltd. - Labuan Branch</td><td> </td> <td style="text-align: center">Malaysia</td><td> </td> <td style="text-align: center">Reinsurance and insurance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> </table>

United Arab Emirates

Reinsurance and insurance

1.00

United States of America

Special purpose acquisition company

1.00

Jordan

Underwriting agency

1.00

United Kingdom

Underwriting agency

1.00

Bermuda

Reinsurance and insurance

1.00

United Kingdom

Reinsurance and insurance

1.00

United Arab Emirates

Insurance intermediation and insurance management

1.00

Jordan

Real estate properties development and lease

1.00

Cayman Islands

Owning and chartering aircraft

1.00

Malaysia

Reinsurance and insurance

1.00

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in; width: 86%; text-align: justify; padding-bottom: 1.5pt"> </td> <td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 12%; text-align: center">Years</td> <td style="width: 1%; text-align: justify; padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Office buildings</td> <td> </td> <td style="text-align: center">20</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Aircraft </td> <td> </td> <td style="text-align: center">12.5</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Office furniture </td> <td> </td> <td style="text-align: center">5</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Computers </td> <td> </td> <td style="text-align: center">3</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Equipment </td> <td> </td> <td style="text-align: center">4</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Leasehold improvements </td> <td> </td> <td style="text-align: center">5</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Vehicles</td> <td> </td> <td style="text-align: center">5</td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: justify">Right-of-use assets</td> <td> </td> <td style="text-align: center">2-7</td> <td style="text-align: justify"> </td></tr> </table> P20Y P12Y6M P5Y P3Y P4Y P5Y P5Y P2Y P7Y

5400000 5000000 0.002 0.045 0.01 0.0485 P1M P5Y <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">2019</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; font-style: italic; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; text-align: left">Cash and bank balances*</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">120,303</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: right"> </td><td style="width: 9%; text-align: right">167,767</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1.5pt">Deposits with original maturities of three months or less</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">13,136</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">24,693</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">133,439</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: right"> </td><td style="border-bottom: Black 4pt double; text-align: right">192,460</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">*</td><td style="text-align: justify">This item includes cash in the amount of USD 5,400 thousand placed in a trust account in favor of the National Association of Insurance Commissioners (NAIC) to secure policyholders’ obligations in relation to US surplus and excess lines business licensed effective 1 April 2020 (31 December 2019: USD Nil).</td> </tr></table>

120303000

167767000

13136000 24693000 133439000 192460000 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: top; padding-bottom: 1.5pt; text-align: center"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">2019</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: top; padding-bottom: 1.5pt; text-align: center"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; text-align: left">Deposits with original maturities over three months and less than one year**</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">138,510</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">119,753</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1.5pt">Deposits with original maturities over one year</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">33,702</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">172,212</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">119,753</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">**</td><td style="text-align: justify">This item includes a deposit in the amount of USD 5,000 thousand (31 December 2019: USD Nil) placed in favor of the Group as collateral against reinsurance arrangements. The interest earned on this deposit is not recognised as investment income and is transferred to the reinsurance company on a semi-annual basis.</td> </tr></table> 138510000 119753000 33702000

-172212000

-119753000

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.5in; text-align: left">4.</td><td style="text-align: justify">INSURANCE RECEIVABLES</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; vertical-align: top; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">2019</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: top; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; text-align: left">Receivables from insurance companies and intermediaries</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">175,840</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">119,369</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1.5pt">Less: Expected credit losses on insurance receivables</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(9,235</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(6,394</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">166,605</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">112,975</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table> The movement in the expected credit losses is as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; vertical-align: top; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">2019</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: top; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 76%; text-align: left">Opening balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">6,394</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">6,094</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Provision for the year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,861</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">629</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Write-offs</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(20</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(329</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 4pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">9,235</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">6,394</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table> Insurance receivables are non-interest bearing. The Group does not obtain collateral over insurance receivables.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in">5.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">INVESTMENTS</td></tr></table> The details of the Group’s financial investments for the years 2020 and 2019 are as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: top; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="14" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: top; padding-bottom: 1.5pt; text-align: center"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Amortized cost</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Fair value through other comprehensive income</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Fair value through statement of income</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Total</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: top; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 52%; text-align: left">Unquoted bonds*</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">3,103</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">-</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">-</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">3,103</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Quoted bonds</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">390,918</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">390,918</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Quoted funds and alternative investments</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">9,791</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">9,791</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Quoted equities**</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">14,935</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">12,989</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">27,924</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Unquoted equities***</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">6,748</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">6,748</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Expected credit losses and impairment</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(397</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(397</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">2,706</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">412,601</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">22,780</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">438,087</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="14" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">2019</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Amortized cost</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Fair value through other comprehensive income</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Fair value through statement of income</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Total</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%; text-align: left">Unquoted bonds*</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">3,236</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">3,236</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Quoted bonds</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">208,525</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">208,525</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Quoted funds and alternative investments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,261</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,261</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Quoted equities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,629</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,545</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">28,174</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Unquoted equities***</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,794</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,794</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">Expected credit losses and impairment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(268</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(268</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 4pt"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">2,968</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">228,948</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">21,806</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">253,722</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table> The movement on the expected credit losses and impairment provision for the bonds at amortized cost is as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: top; padding-bottom: 1.5pt; text-align: center"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">2019</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: top; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 76%; font-weight: bold; text-align: left">Opening balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">268</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">281</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Addition (release) of provision for investment in debt securities</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">129</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(13</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left; padding-bottom: 4pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">397</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">268</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table> The addition of allowance for bonds at FVTOCI for the year 2020 of USD 135 thousand (note 22) does not change the carrying amount of these investments (which are measured at fair value but gives rise to an equal and opposite gain in OCI). <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">*</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Group has an investment in an unquoted bond denominated in JOD (USD pegged currency) issued by ‘Specialized Investment Compound Co.’ a local company based in Jordan with a maturity date of 22 February 2016. The said company is currently under liquidation, due to which 85% of original bond holdings with nominal value amounting to USD 1,236 thousand were not paid on that maturity date.</td></tr></table> These bonds are backed up by collateral in the form of real estate properties. However, the Group management has provided USD 379 thousand to cover any potential impairment in the value of the collateral held against said investment by discounting the expected future cash flows generated from the underlying bond collaterals which mainly represent rental income. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">**</td><td style="text-align: justify">In 2020, the Group has sold part of its holdings in a quoted equity at fair value through OCI to take advantage of the increase in the market value of the investee. The quoted equities were purchased in 2011 and held as a long-term investment. Upon disposal, the fair value of the sold shares was USD 3,859 thousand and the cumulative fair value change of USD 2,341 thousand remained in the fair value reserve.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">***</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Group has two unquoted equity investments under level 3 designated at fair value through OCI valued at USD 6,314 thousand (2019: USD 5,261 thousand) and USD 434 thousand (2019: USD 533 thousand). As at 31 December 2020 and 2019, the Group has measured the fair value of the unquoted investment valued at USD 6,314 thousand (2019: USD 5,261 thousand) by adopting a market valuation approach namely ‘multiples-based valuation’ whereby earnings-based multiples of comparable companies were considered for the valuation.</td></tr></table> As at 31 December 2020, the Group has measured the fair value of the unquoted investment valued at USD 434 thousand (2019: USD 533 thousand), by considering an official sale offer received subsequent to year-end. For the year ended 31 December 2019, the Group has measured the fair value of the unquoted investment by adopting a market valuation approach namely ‘multiples-based valuation’ whereby earnings-based multiples of comparable companies were considered for the valuation. There are no active markets for these investments. The table below shows the sensitivity of the fair value of Level 3 financial assets as at 31 December 2020 and 2019: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td> <td style="text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; vertical-align: bottom; text-align: center">%</td> <td style="text-align: center"> </td> <td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Positive impact</td> <td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td style="text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Negative impact</td> <td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Valuation variables</td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td> <td style="vertical-align: bottom; text-align: center; font-style: italic"> </td> <td style="text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td> <td style="vertical-align: bottom; text-align: center; font-style: italic"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; width: 37%; font-weight: bold; text-align: left">2020</td> <td style="text-align: center; width: 1%; font-weight: bold"> </td> <td style="width: 1%"> </td> <td style="width: 9%; font-weight: bold; text-align: center">+/-10</td> <td style="width: 1%"> </td> <td style="width: 1%; font-weight: bold; text-align: center"> </td> <td style="width: 1%; font-weight: bold; text-align: center"> </td> <td style="vertical-align: bottom; width: 9%; font-weight: bold; text-align: right">701</td> <td style="width: 1%; font-weight: bold; text-align: center"> </td> <td style="width: 1%"> </td> <td style="width: 1%; font-weight: bold; text-align: center"> </td> <td style="vertical-align: bottom; width: 9%; font-weight: bold; text-align: right">(701</td> <td style="width: 1%; font-weight: bold; text-align: left">)</td> <td style="text-align: center; width: 1%"> </td> <td style="vertical-align: bottom; width: 25%; text-align: left">Market multiples applied to a range of financial performance measures**** And market multiples applied to implied value in a recent official sale offer</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-align: left">2019</td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: center">+/-10</td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">574</td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">(574</td> <td style="text-align: left">)</td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: left">Market multiples applied to a range of financial performance measures</td> <td> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">**** </td><td style="text-align: justify">As at 31 December 2020, the fair value measurement of the unquoted equity investment valued at USD 6,314 thousand (2019: USD 5,261 thousand) was based on a combination of valuation multiples, with greater weight given to price to book value multiple. This has implied an equity value range of USD 5,612 thousand to USD 7,015 thousand (2019: USD 5,110 thousand to USD 5,561 thousand).</td> </tr></table>

135000

maturity date of 22 February 2016 0.85

1236000

379000 3859000 2341000 6314000 5261000 434000 533000 6314000 5261000 434000 533000 6314000 5261000 5612000 7015000 5110000 5561000 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: top; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="14" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: top; padding-bottom: 1.5pt; text-align: center"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Amortized cost</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Fair value through other comprehensive income</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Fair value through statement of income</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Total</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: top; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 52%; text-align: left">Unquoted bonds*</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">3,103</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">-</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">-</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">3,103</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Quoted bonds</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">390,918</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">390,918</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Quoted funds and alternative investments</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">9,791</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">9,791</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Quoted equities**</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">14,935</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">12,989</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">27,924</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Unquoted equities***</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">6,748</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">6,748</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Expected credit losses and impairment</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(397</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(397</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">2,706</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">412,601</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">22,780</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">438,087</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="14" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">2019</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Amortized cost</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Fair value through other comprehensive income</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Fair value through statement of income</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Total</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%; text-align: left">Unquoted bonds*</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">3,236</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">3,236</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Quoted bonds</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">208,525</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">208,525</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Quoted funds and alternative investments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,261</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,261</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Quoted equities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,629</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,545</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">28,174</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Unquoted equities***</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,794</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,794</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">Expected credit losses and impairment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(268</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(268</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 4pt"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">2,968</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">228,948</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">21,806</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">253,722</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">*</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Group has an investment in an unquoted bond denominated in JOD (USD pegged currency) issued by ‘Specialized Investment Compound Co.’ a local company based in Jordan with a maturity date of 22 February 2016. The said company is currently under liquidation, due to which 85% of original bond holdings with nominal value amounting to USD 1,236 thousand were not paid on that maturity date.</td></tr></table>These bonds are backed up by collateral in the form of real estate properties. However, the Group management has provided USD 379 thousand to cover any potential impairment in the value of the collateral held against said investment by discounting the expected future cash flows generated from the underlying bond collaterals which mainly represent rental income.<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">**</td><td style="text-align: justify">In 2020, the Group has sold part of its holdings in a quoted equity at fair value through OCI to take advantage of the increase in the market value of the investee. The quoted equities were purchased in 2011 and held as a long-term investment. Upon disposal, the fair value of the sold shares was USD 3,859 thousand and the cumulative fair value change of USD 2,341 thousand remained in the fair value reserve.</td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">***</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Group has two unquoted equity investments under level 3 designated at fair value through OCI valued at USD 6,314 thousand (2019: USD 5,261 thousand) and USD 434 thousand (2019: USD 533 thousand). As at 31 December 2020 and 2019, the Group has measured the fair value of the unquoted investment valued at USD 6,314 thousand (2019: USD 5,261 thousand) by adopting a market valuation approach namely ‘multiples-based valuation’ whereby earnings-based multiples of comparable companies were considered for the valuation.</td></tr></table> 3103000 3103000 390918000 390918000 9791000 9791000 14935000 12989000 27924000 6748000 6748000 -397000 -397000 2706000 412601000 22780000 438087000 3236000 3236000 208525000 208525000 8261000 8261000 14629000 13545000 28174000 5794000 5794000 -268000 -268000 2968000 228948000 21806000 253722000 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: top; padding-bottom: 1.5pt; text-align: center"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">2019</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: top; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 76%; font-weight: bold; text-align: left">Opening balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">268</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">281</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Addition (release) of provision for investment in debt securities</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">129</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(13</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left; padding-bottom: 4pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">397</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">268</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table> 268000 281000 129000 -13000 397000 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td> <td style="text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; padding-bottom: 1.5pt; vertical-align: bottom; text-align: center">%</td> <td style="text-align: center"> </td> <td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Positive impact</td> <td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td style="text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Negative impact</td> <td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Valuation variables</td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td> <td style="vertical-align: bottom; text-align: center; font-style: italic"> </td> <td style="text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td> <td style="vertical-align: bottom; text-align: center; font-style: italic"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; width: 37%; font-weight: bold; text-align: left">2020</td> <td style="text-align: center; width: 1%; font-weight: bold"> </td> <td style="width: 1%"> </td> <td style="width: 9%; font-weight: bold; text-align: center">+/-10</td> <td style="width: 1%"> </td> <td style="width: 1%; font-weight: bold; text-align: center"> </td> <td style="width: 1%; font-weight: bold; text-align: center"> </td> <td style="vertical-align: bottom; width: 9%; font-weight: bold; text-align: right">701</td> <td style="width: 1%; font-weight: bold; text-align: center"> </td> <td style="width: 1%"> </td> <td style="width: 1%; font-weight: bold; text-align: center"> </td> <td style="vertical-align: bottom; width: 9%; font-weight: bold; text-align: right">(701</td> <td style="width: 1%; font-weight: bold; text-align: left">)</td> <td style="text-align: center; width: 1%"> </td> <td style="vertical-align: bottom; width: 25%; text-align: left">Market multiples applied to a range of financial performance measures**** And market multiples applied to implied value in a recent official sale offer</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-align: left">2019</td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: center">+/-10</td> <td> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">574</td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: right">(574</td> <td style="text-align: left">)</td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: left">Market multiples applied to a range of financial performance measures</td> <td> </td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">**** </td><td style="text-align: justify">As at 31 December 2020, the fair value measurement of the unquoted equity investment valued at USD 6,314 thousand (2019: USD 5,261 thousand) was based on a combination of valuation multiples, with greater weight given to price to book value multiple. This has implied an equity value range of USD 5,612 thousand to USD 7,015 thousand (2019: USD 5,110 thousand to USD 5,561 thousand).</td> </tr></table> 0.10 701000 -701000 Market multiples applied to a range of financial performance measures**** And market multiples applied to implied value in a recent official sale offer 0.10 574000 -574000 Market multiples applied to a range of financial performance measures <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in">6.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">INVESTMENTS IN ASSOCIATES</td></tr></table> The Group holds 32.7% equity ownership interest in companies registered in Lebanon as shown below, the investments in associated companies are accounted for using the equity method: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: top; text-align: center"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td style="vertical-align: bottom; font-style: italic; text-align: center">Country of</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Ownership</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; vertical-align: top; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; vertical-align: bottom"> </td> <td style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">incorporation</td><td style="padding-bottom: 1.5pt; text-align: center; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">2019</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 65%; font-style: italic; text-align: left">Star Rock SAL Lebanon</td><td style="width: 1%; font-style: italic"> </td> <td style="width: 9%; font-style: italic; text-align: center">Lebanon</td><td style="width: 1%; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">32.7</td><td style="width: 1%; font-weight: bold; text-align: left">%</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">32.7</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-style: italic; text-align: left">Sina SAL Lebanon</td><td style="font-style: italic"> </td> <td style="font-style: italic; text-align: center">Lebanon</td><td style="font-style: italic; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">32.7</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">32.7</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-style: italic; text-align: left">Silver Rock SAL Lebanon</td><td style="font-style: italic"> </td> <td style="font-style: italic; text-align: center">Lebanon</td><td style="font-style: italic; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">32.7</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">32.7</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-style: italic; text-align: left">Golden Rock SAL Lebanon</td><td style="font-style: italic"> </td> <td style="font-style: italic; text-align: center">Lebanon</td><td style="font-style: italic; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">32.7</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">32.7</td><td style="text-align: left">%</td></tr> </table> Movement on investments in associates is as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">2019</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: bottom; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: bottom; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: right"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; text-align: left">Opening balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">13,062</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">13,438</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Share of associated companies’ financial results</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(79</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(6</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Investment properties fair value adjustment</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(1,902</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(496</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1.5pt">Reversal of provision for contingent liabilities</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">502</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">126</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1.5pt">Share of loss from associates</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(1,479</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(376</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">11,583</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">13,062</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table> The following tables include summarized information of the Group’s investments in associates for each year presented. This information is presented on a 100% basis and reflects the adjustments made by the Group to the associated companies’ own results in applying the equity method of accounting. Adjustments to the carrying amounts are recognized for changes in the Group’s proportionate interests in the associates arising from changes in the associates’ equity that have not been recognized in the associates’ profit or loss. Changes include those arising from the revaluation of investment properties of the associates and provisions related to the income tax and social security contingencies that may arise on the associates. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; padding-left: 0.125in; text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="18" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">2020</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; padding-left: 0.125in; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Star Rock SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Sina SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Silver Rock SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Golden Rock SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Total</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; padding-left: 0.125in; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 40%; text-align: left">Current assets</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">102</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">40</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">85</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">935</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">1,162</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Non-current assets</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">4,328</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,290</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">4,694</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">28,932</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">41,244</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Current liabilities</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(1,816</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(2,209</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(403</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(2,555</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(6,983</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Net assets</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,614</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,121</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">4,376</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">27,312</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">35,423</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 4pt">The Group’s share of net assets</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">855</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">367</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">1,431</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">8,930</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">11,583</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="font-style: normal; vertical-align: bottom; padding-left: 0.125in; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; font-weight: normal; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="18" style="border-bottom: Black 1.5pt solid; font-style: normal; vertical-align: bottom; font-weight: normal; text-align: center">2019</td><td style="font-style: normal; text-align: center; padding-bottom: 1.5pt; font-weight: normal; vertical-align: bottom"> </td></tr> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="font-style: normal; vertical-align: bottom; padding-left: 0.125in; text-align: center; font-weight: normal"> </td><td style="text-align: center; font-weight: normal; font-style: normal; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">Star Rock SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">Sina SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">Silver Rock SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">Golden Rock SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">Total</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: normal; font-style: normal; vertical-align: bottom"> </td></tr> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="font-style: normal; vertical-align: bottom; padding-left: 0.125in; text-align: center; font-weight: normal"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 40%; text-align: left">Current assets</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">62</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">49</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">61</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">780</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">952</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Non-current assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,970</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,782</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,405</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">33,355</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">47,512</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Current liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,791</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,209</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(381</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,607</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(6,988</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Non-current liabilities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(136</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(162</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(90</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,147</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,535</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Net assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,105</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,460</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,995</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">30,381</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">39,941</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 4pt">The Group’s share of net assets</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,016</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">477</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,634</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">9,935</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">13,062</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table> The following table includes summarized information of the Group’s share of loss from associates for years 2020, 2019 and 2018. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: bottom; font-weight: bold; text-align: center"> </td> <td style="vertical-align: bottom; font-weight: bold; text-align: center"> </td> <td colspan="19" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">2020</td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: bottom; padding-bottom: 1.5pt; text-align: center"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Star Rock SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Sina SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Silver Rock SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Golden Rock SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Total</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="padding-left: 0.125in; font-style: normal; vertical-align: bottom; font-weight: normal; text-align: center"></td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td></tr> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-style: normal; vertical-align: bottom; font-weight: normal; text-align: left">Associates’ revenues and results:</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; width: 40%; text-align: left">Revenues</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">47</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">4</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">41</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">750</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">842</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Net loss</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(492</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(340</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(620</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(3,071</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(4,523</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 4pt">The Group’s share of loss </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(161</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(111</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(203</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(1,004</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(1,479</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left">)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="padding-left: 0.125in; font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td> <td style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td> <td colspan="19" style="border-bottom: Black 1.5pt solid; font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">2019</td></tr> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="padding-left: 0.125in; font-style: normal; vertical-align: bottom; font-weight: normal; text-align: center"></td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td></tr> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-style: normal; vertical-align: bottom; font-weight: normal; text-align: left">Associates’ revenues and results:</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; width: 40%; text-align: left">Revenues</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">72</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">61</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">112</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,038</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,283</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Net loss</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(207</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(115</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(98</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(730</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,150</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 4pt">The Group’s share of loss</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(67</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(38</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(32</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(239</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(376</td><td style="padding-bottom: 2pt; text-align: left">)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="padding-left: 0.125in; font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td> <td style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td> <td colspan="19" style="border-bottom: Black 1.5pt solid; font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">2018</td></tr> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="padding-left: 0.125in; font-style: normal; vertical-align: bottom; font-weight: normal; text-align: center"></td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td></tr> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-style: normal; vertical-align: bottom; font-weight: normal; text-align: left">Associates’ revenues and results:</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 40%; text-align: left">Revenues</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">135</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">69</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">166</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,166</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,536</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1.5pt">Net loss</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(245</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(240</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(237</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,986</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(2,708</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 4pt">The Group’s share of loss</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(80</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(79</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(77</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(650</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(886</td><td style="padding-bottom: 2pt; text-align: left">)</td></tr> </table> The associates’ main business is investing in investment properties located in Beirut, Lebanon. The investment properties of the associates are stated at fair value to bring the associated companies’ accounting policies in line with that of the Group’s. The fair values of the investment properties have been determined by management and in doing so, management has considered valuation performed by third party specialist. The valuation model used was in accordance with that recommended by the International Valuation Standards Committee. The investment properties are valued using the sales comparison approach. Under the sales comparison approach, a property’s fair value is estimated based on comparable transactions. The sales comparison approach is based upon the principle of substitution under which a potential buyer will not pay more for the property than it will cost to buy a comparable substitute property. The unit of comparison applied by the Group is the price per square meter (sqm) which represents the significant unobservable input used in the valuation process. All the investment properties generated rental income during the current year and the prior years. The sensitivity of the Group’s consolidated statement of income for the years 2020 and 2019 to the change in the price used for the valuation of the investment properties owned by the associates was as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: top; text-align: center"> </td> <td style="text-align: center; vertical-align: bottom"> </td> <td style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">%</td> <td style="text-align: center; vertical-align: bottom"> </td> <td style="text-align: center; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">Impact on consolidated statement of income for the increase in price per square meter</td> <td style="text-align: center; vertical-align: bottom"> </td> <td style="text-align: center; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">Impact on consolidated statement of income for the decrease in price per square meter</td> <td style="text-align: center; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"> </td> <td style="text-align: center; vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="text-align: center; vertical-align: bottom"> </td> <td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td> <td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td> <td style="text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 53%; font-weight: bold; text-align: left">31 December 2020</td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 9%; font-weight: bold; text-align: center">+/-20</td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 15%; font-weight: bold; text-align: right">1,773</td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 15%; font-weight: bold; text-align: right">(1,773</td> <td style="width: 1%; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">31 December 2019</td> <td style="text-align: left"> </td> <td style="text-align: center">+/-20</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">7,269</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(7,269</td> <td style="text-align: left">)</td></tr> </table>

Lebanon

0.327 1.00 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: top; text-align: center"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td style="vertical-align: bottom; font-style: italic; text-align: center">Country of</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Ownership</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; vertical-align: top; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; vertical-align: bottom"> </td> <td style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">incorporation</td><td style="padding-bottom: 1.5pt; text-align: center; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">2019</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 65%; font-style: italic; text-align: left">Star Rock SAL Lebanon</td><td style="width: 1%; font-style: italic"> </td> <td style="width: 9%; font-style: italic; text-align: center">Lebanon</td><td style="width: 1%; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">32.7</td><td style="width: 1%; font-weight: bold; text-align: left">%</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">32.7</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-style: italic; text-align: left">Sina SAL Lebanon</td><td style="font-style: italic"> </td> <td style="font-style: italic; text-align: center">Lebanon</td><td style="font-style: italic; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">32.7</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">32.7</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-style: italic; text-align: left">Silver Rock SAL Lebanon</td><td style="font-style: italic"> </td> <td style="font-style: italic; text-align: center">Lebanon</td><td style="font-style: italic; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">32.7</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">32.7</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-style: italic; text-align: left">Golden Rock SAL Lebanon</td><td style="font-style: italic"> </td> <td style="font-style: italic; text-align: center">Lebanon</td><td style="font-style: italic; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">32.7</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">32.7</td><td style="text-align: left">%</td></tr> </table>

Lebanon

0.327 0.327

Lebanon

0.327 0.327

Lebanon

0.327 0.327

Lebanon

0.327 0.327 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">2019</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: bottom; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: bottom; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: right"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 76%; text-align: left">Opening balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">13,062</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">13,438</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Share of associated companies’ financial results</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(79</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(6</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Investment properties fair value adjustment</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(1,902</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(496</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1.5pt">Reversal of provision for contingent liabilities</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">502</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">126</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1.5pt">Share of loss from associates</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(1,479</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(376</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">11,583</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">13,062</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table> 13062000 13438000 -79000 -6000 -1902000 -496000 502000 126000 -1479000 -376000 11583000 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; padding-left: 0.125in; text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="18" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">2020</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; padding-left: 0.125in; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Star Rock SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Sina SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Silver Rock SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Golden Rock SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Total</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; padding-left: 0.125in; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 40%; text-align: left">Current assets</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">102</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">40</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">85</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">935</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">1,162</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Non-current assets</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">4,328</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,290</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">4,694</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">28,932</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">41,244</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Current liabilities</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(1,816</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(2,209</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(403</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(2,555</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(6,983</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Net assets</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,614</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,121</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">4,376</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">27,312</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">35,423</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 4pt">The Group’s share of net assets</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">855</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">367</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">1,431</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">8,930</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">11,583</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="font-style: normal; vertical-align: bottom; padding-left: 0.125in; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; font-weight: normal; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="18" style="border-bottom: Black 1.5pt solid; font-style: normal; vertical-align: bottom; font-weight: normal; text-align: center">2019</td><td style="font-style: normal; text-align: center; padding-bottom: 1.5pt; font-weight: normal; vertical-align: bottom"> </td></tr> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="font-style: normal; vertical-align: bottom; padding-left: 0.125in; text-align: center; font-weight: normal"> </td><td style="text-align: center; font-weight: normal; font-style: normal; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">Star Rock SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">Sina SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">Silver Rock SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">Golden Rock SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">Total</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: normal; font-style: normal; vertical-align: bottom"> </td></tr> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="font-style: normal; vertical-align: bottom; padding-left: 0.125in; text-align: center; font-weight: normal"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 40%; text-align: left">Current assets</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">62</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">49</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">61</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">780</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">952</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Non-current assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,970</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,782</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,405</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">33,355</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">47,512</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Current liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,791</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,209</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(381</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,607</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(6,988</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Non-current liabilities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(136</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(162</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(90</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,147</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,535</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Net assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,105</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,460</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,995</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">30,381</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">39,941</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 4pt">The Group’s share of net assets</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,016</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">477</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,634</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">9,935</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">13,062</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table> 102000 40000 85000 935000 1162000 4328000 3290000 4694000 28932000 41244000 -1816000 -2209000 -403000 -2555000 -6983000 2614000 1121000 4376000 27312000 35423000 855000 367000 1431000 8930000 11583000 62000 49000 61000 780000 952000 4970000 3782000 5405000 33355000 47512000 -1791000 -2209000 -381000 -2607000 -6988000

-136000

-162000

-90000

-1147000

-1535000

3105000 1460000 4995000 30381000 39941000 1016000 477000 1634000 9935000 13062000 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: bottom; font-weight: bold; text-align: center"> </td> <td style="vertical-align: bottom; font-weight: bold; text-align: center"> </td> <td colspan="19" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">2020</td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: bottom; padding-bottom: 1.5pt; text-align: center"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Star Rock SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Sina SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Silver Rock SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Golden Rock SAL Lebanon</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Total</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="padding-left: 0.125in; font-style: normal; vertical-align: bottom; font-weight: normal; text-align: center"></td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td></tr> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-style: normal; vertical-align: bottom; font-weight: normal; text-align: left">Associates’ revenues and results:</td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: normal; font-style: normal; text-align: center"> </td><td style="text-align: center; font-weight: normal; font-style: normal; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; width: 40%; text-align: left">Revenues</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">47</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">4</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">41</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">750</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">842</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Net loss</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(492</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(340</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(620</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(3,071</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(4,523</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 4pt">The Group’s share of loss </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(161</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(111</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(203</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(1,004</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(1,479</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left">)</td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="padding-left: 0.125in; font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td> <td style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td> <td colspan="19" style="border-bottom: Black 1.5pt solid; font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">2019</td></tr> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="padding-left: 0.125in; font-style: normal; vertical-align: bottom; font-weight: normal; text-align: center"></td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td></tr> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-style: normal; vertical-align: bottom; font-weight: normal; text-align: left">Associates’ revenues and results:</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; width: 40%; text-align: left">Revenues</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">72</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">61</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">112</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,038</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,283</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Net loss</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(207</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(115</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(98</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(730</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,150</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 4pt">The Group’s share of loss</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(67</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(38</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(32</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(239</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(376</td><td style="padding-bottom: 2pt; text-align: left">)</td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="padding-left: 0.125in; font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td> <td style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td> <td colspan="19" style="border-bottom: Black 1.5pt solid; font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">2018</td></tr> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="padding-left: 0.125in; font-style: normal; vertical-align: bottom; font-weight: normal; text-align: center"></td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal">USD ‘000</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td></tr> <tr style="font-style: normal; vertical-align: bottom; font-weight: normal"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-style: normal; vertical-align: bottom; font-weight: normal; text-align: left">Associates’ revenues and results:</td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td> <td colspan="2" style="font-style: normal; vertical-align: bottom; text-align: center; font-weight: normal"> </td><td style="font-style: normal; text-align: center; vertical-align: bottom; font-weight: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 40%; text-align: left">Revenues</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">135</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">69</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">166</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,166</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,536</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 1.5pt">Net loss</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(245</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(240</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(237</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,986</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(2,708</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 4pt">The Group’s share of loss</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(80</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(79</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(77</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(650</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(886</td><td style="padding-bottom: 2pt; text-align: left">)</td></tr> </table>

47000

4000

41000

750000

842000

-492000 -340000 -620000 -3071000 -4523000 -161000 -111000 -203000 -1004000 -1479000

72000

61000

112000

1038000

1283000

-207000 -115000 -98000 -730000 -1150000 -67000 -38000 -32000 -239000 -376000

135000

69000

166000

1166000

1536000

-245000 -240000 -237000 -1986000 -2708000 -80000 -79000 -77000 -650000 -886000 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: top; text-align: center"> </td> <td style="text-align: center; vertical-align: bottom"> </td> <td style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">%</td> <td style="text-align: center; vertical-align: bottom"> </td> <td style="text-align: center; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">Impact on consolidated statement of income for the increase in price per square meter</td> <td style="text-align: center; vertical-align: bottom"> </td> <td style="text-align: center; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">Impact on consolidated statement of income for the decrease in price per square meter</td> <td style="text-align: center; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"> </td> <td style="text-align: center; vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="text-align: center; vertical-align: bottom"> </td> <td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td> <td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td> <td style="text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 53%; font-weight: bold; text-align: left">31 December 2020</td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 9%; font-weight: bold; text-align: center">+/-20</td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 15%; font-weight: bold; text-align: right">1,773</td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 15%; font-weight: bold; text-align: right">(1,773</td> <td style="width: 1%; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">31 December 2019</td> <td style="text-align: left"> </td> <td style="text-align: center">+/-20</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">7,269</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(7,269</td> <td style="text-align: left">)</td></tr> </table> 0.20 1773000 -1773000 0.20 7269000 -7269000 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.5in; text-align: left">7.</td><td style="text-align: justify">OUTSTANDING CLAIMS</td> </tr></table> Movement in outstanding claims <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: bottom; text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">2020</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">2019</td><td style="text-align: center; padding-bottom: 1.5pt; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">2018</td><td style="text-align: center; padding-bottom: 1.5pt; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Gross</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Reinsurers’ share</td><td style="padding-bottom: 1.5pt; text-align: center; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Net</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Gross</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">Reinsurers’ share</td><td style="padding-bottom: 1.5pt; text-align: center; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Net</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Gross</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Reinsurers’ share</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Net</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: bottom; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: bottom; font-style: italic; text-align: left">At the beginning of the year</td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; width: 19%">Reported claims</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">292,722</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">(163,191</td><td style="width: 1%; font-weight: bold; text-align: left">)</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">129,531</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">285,770</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">(170,125</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">115,645</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">303,255</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">(178,617</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">124,638</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Claims incurred but not reported</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">120,331</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(13,021</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">107,310</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">98,610</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(17,440</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">81,170</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">79,973</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(7,975</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">71,998</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">413,053</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(176,212</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">236,841</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">384,380</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(187,565</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">196,815</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">383,228</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(186,592</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">196,636</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Claims paid</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(134,761</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">51,018</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(83,743</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(131,151</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">53,114</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(78,037</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(209,892</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">124,784</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(85,108</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Provided during the year related to current accident year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">225,950</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(68,135</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">157,815</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">150,799</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(26,444</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">124,355</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">196,709</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(102,443</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">94,266</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">(Released) provided during the year related to previous accident years</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(11,987</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">5,844</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(6,143</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">9,025</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(15,317</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(6,292</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">14,335</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(23,314</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(8,979</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">At the end of the year</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">492,255</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(187,485</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">304,770</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">413,053</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(176,212</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">236,841</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">384,380</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(187,565</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">196,815</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; font-style: italic; text-align: left">At the end of the year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Reported claims</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">312,334</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(160,373</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">151,961</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">292,722</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(163,191</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">129,531</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">285,770</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(170,125</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">115,645</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Claims incurred but not reported</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">179,921</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(27,112</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">152,809</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">120,331</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(13,021</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">107,310</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">98,610</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(17,440</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">81,170</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">492,255</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(187,485</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">304,770</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">413,053</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(176,212</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">236,841</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">384,380</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(187,565</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">196,815</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table> Claims development The following tables show the estimate of cumulative incurred claims, including both reported claims and claims incurred but not reported for each successive accident year at each statement of financial position date, together with cumulative payments to date. Gross of reinsurance, the claims development table is as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">All prior years</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2009</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2010</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2011</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2012</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2013</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2014</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2015</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2016</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2017</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2018</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2019</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Total</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="vertical-align: top; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">At end of accident year</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">94,376</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">122,323</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">128,498</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">133,595</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">159,549</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">152,384</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">174,601</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">175,094</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">278,298</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">196,709</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">150,800</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">225,950</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">One year later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">75,295</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">108,523</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">106,567</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">119,425</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">155,958</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">114,972</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">160,100</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">173,369</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">309,258</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">219,593</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">143,093</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Two years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">67,119</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">105,943</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">100,764</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">108,557</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">148,161</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">101,352</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">149,533</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">167,695</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">317,053</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">213,655</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Three years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">68,497</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">100,572</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">110,286</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">110,046</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">142,309</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">92,846</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">145,921</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">158,572</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">317,778</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Four years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">68,217</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">99,513</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">114,464</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">103,996</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">133,917</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">88,210</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">142,926</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">162,210</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Five years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">67,909</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">101,599</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">110,266</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">104,541</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">132,992</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">85,621</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">142,478</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Six years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">67,807</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">100,199</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">111,774</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">103,167</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">130,844</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">83,183</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Seven years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">67,614</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">100,303</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">110,644</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">97,918</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">130,616</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Eight years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">68,115</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">100,073</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">111,028</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">97,998</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Nine years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">68,950</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">100,120</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">111,198</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Ten years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">68,882</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">99,972</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Eleven years later</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">69,169</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Current estimate of cumulative claims incurred</td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">240,887</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">69,169</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">99,972</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">111,198</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">97,998</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">130,616</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">83,183</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">142,478</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">162,210</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">317,778</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">213,655</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">143,093</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">225,950</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">2,038,187</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Cumulative payments to date</td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">239,410</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">68,406</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">99,646</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">102,910</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">95,682</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">129,311</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">82,336</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">136,570</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">148,004</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">265,163</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">101,338</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">53,634</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">23,522</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">1,545,932</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left; padding-bottom: 4pt">Gross liability included in the consolidated statement of financial position</td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">492,255</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table> Net of reinsurance, the claims development table is as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">All prior years</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2009</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2010</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2011</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2012</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2013</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2014</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2015</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2016</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2017</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2018</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2019</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Total</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="vertical-align: top; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">At end of accident year</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">63,259</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">71,380</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">76,231</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">100,119</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">123,553</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">115,851</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">92,893</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">98,771</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">110,341</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">94,266</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">124,356</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">157,815</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">One year later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">52,099</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">63,488</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">60,555</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">88,131</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">121,694</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">90,078</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">86,991</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">94,055</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">117,163</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">105,797</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">115,739</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Two years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">46,911</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">62,020</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">59,556</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">78,090</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">120,600</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">79,209</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">79,846</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">90,077</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">116,435</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">108,521</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Three years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">48,882</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,897</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">60,662</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">81,521</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">117,084</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">73,250</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">75,311</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">85,366</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">113,949</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Four years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">48,707</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,182</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">62,272</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">77,268</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">109,460</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">70,070</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">73,132</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">89,184</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Five years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">48,310</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">60,146</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">59,826</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">77,798</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">107,701</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">66,693</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">72,641</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Six years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">48,348</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,648</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">60,329</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">76,773</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">107,500</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">65,626</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Seven years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">48,194</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,726</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,084</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">71,644</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">107,269</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Eight years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">48,713</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,540</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">57,329</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">71,620</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Nine years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">49,446</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,590</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">57,425</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Ten years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">49,437</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,460</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Eleven years later</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">49,697</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Current estimate of cumulative claims incurred</td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">148,633</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">49,697</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,460</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">57,425</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">71,620</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">107,269</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">65,626</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">72,641</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">89,184</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">113,949</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">108,521</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">115,739</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">157,815</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">1,216,579</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Cumulative payments to date</td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">147,342</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">48,961</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,174</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">54,562</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">69,487</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">106,055</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">64,275</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">68,572</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">76,625</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">86,617</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">73,176</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">44,926</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">13,037</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">911,809</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left; padding-bottom: 4pt">Net liability included in the consolidated statement of financial position</td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; font-style: italic; text-align: right">304,770</td><td style="padding-bottom: 2pt; font-weight: bold; font-style: italic; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: bottom; text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">2020</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">2019</td><td style="text-align: center; padding-bottom: 1.5pt; vertical-align: bottom"> </td><td style="text-align: center; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">2018</td><td style="text-align: center; padding-bottom: 1.5pt; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Gross</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">Reinsurers’ share</td><td style="padding-bottom: 1.5pt; text-align: center; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">Net</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Gross</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">Reinsurers’ share</td><td style="padding-bottom: 1.5pt; text-align: center; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Net</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Gross</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Reinsurers’ share</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Net</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: bottom; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: bottom; font-style: italic; text-align: left">At the beginning of the year</td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="font-weight: bold; text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; width: 19%">Reported claims</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">292,722</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">(163,191</td><td style="width: 1%; font-weight: bold; text-align: left">)</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">129,531</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">285,770</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">(170,125</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">115,645</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">303,255</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">(178,617</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">124,638</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Claims incurred but not reported</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">120,331</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(13,021</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">107,310</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">98,610</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(17,440</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">81,170</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">79,973</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(7,975</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">71,998</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">413,053</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(176,212</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">236,841</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">384,380</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(187,565</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">196,815</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">383,228</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(186,592</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">196,636</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Claims paid</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(134,761</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">51,018</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(83,743</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(131,151</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">53,114</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(78,037</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(209,892</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">124,784</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(85,108</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Provided during the year related to current accident year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">225,950</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(68,135</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">157,815</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">150,799</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(26,444</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">124,355</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">196,709</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(102,443</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">94,266</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">(Released) provided during the year related to previous accident years</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(11,987</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">5,844</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(6,143</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">9,025</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(15,317</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(6,292</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">14,335</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(23,314</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(8,979</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">At the end of the year</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">492,255</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(187,485</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">304,770</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">413,053</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(176,212</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">236,841</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">384,380</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(187,565</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">196,815</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; font-style: italic; text-align: left">At the end of the year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Reported claims</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">312,334</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(160,373</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">151,961</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">292,722</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(163,191</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">129,531</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">285,770</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(170,125</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">115,645</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Claims incurred but not reported</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">179,921</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(27,112</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">152,809</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">120,331</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(13,021</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">107,310</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">98,610</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(17,440</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">81,170</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">492,255</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(187,485</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">304,770</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">413,053</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(176,212</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">236,841</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">384,380</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(187,565</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">196,815</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table>

292722000

-163191000

129531000

285770000

-170125000

115645000

303255000

-178617000

124638000

120331000

-13021000

107310000

98610000

-17440000

81170000

79973000

-7975000

71998000

413053000 -176212000 236841000 384380000 -187565000 196815000 383228000 -186592000 196636000 -134761000 51018000 -83743000 -131151000 53114000 -78037000 -209892000 124784000 -85108000 225950000 -68135000 157815000 150799000 -26444000 124355000 196709000 -102443000 94266000 -11987000 5844000 -6143000 9025000 -15317000 -6292000 14335000 -23314000 -8979000 492255000 -187485000 304770000 413053000 -176212000 236841000 384380000 -187565000 196815000 312334000 -160373000 151961000 292722000 -163191000 129531000 285770000 -170125000 115645000 179921000 -27112000 152809000 120331000 -13021000 107310000 98610000 -17440000 81170000 492255000 -187485000 304770000 413053000 -176212000 236841000 384380000 -187565000 196815000 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">All prior years</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2009</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2010</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2011</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2012</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2013</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2014</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2015</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2016</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2017</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2018</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2019</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Total</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="vertical-align: top; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">At end of accident year</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">94,376</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">122,323</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">128,498</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">133,595</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">159,549</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">152,384</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">174,601</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">175,094</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">278,298</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">196,709</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">150,800</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">225,950</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">One year later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">75,295</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">108,523</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">106,567</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">119,425</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">155,958</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">114,972</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">160,100</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">173,369</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">309,258</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">219,593</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">143,093</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Two years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">67,119</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">105,943</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">100,764</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">108,557</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">148,161</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">101,352</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">149,533</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">167,695</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">317,053</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">213,655</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Three years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">68,497</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">100,572</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">110,286</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">110,046</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">142,309</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">92,846</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">145,921</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">158,572</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">317,778</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Four years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">68,217</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">99,513</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">114,464</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">103,996</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">133,917</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">88,210</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">142,926</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">162,210</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Five years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">67,909</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">101,599</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">110,266</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">104,541</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">132,992</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">85,621</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">142,478</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Six years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">67,807</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">100,199</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">111,774</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">103,167</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">130,844</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">83,183</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Seven years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">67,614</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">100,303</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">110,644</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">97,918</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">130,616</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Eight years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">68,115</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">100,073</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">111,028</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">97,998</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Nine years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">68,950</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">100,120</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">111,198</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Ten years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">68,882</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">99,972</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Eleven years later</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">69,169</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Current estimate of cumulative claims incurred</td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">240,887</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">69,169</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">99,972</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">111,198</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">97,998</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">130,616</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">83,183</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">142,478</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">162,210</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">317,778</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">213,655</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">143,093</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">225,950</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">2,038,187</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Cumulative payments to date</td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">239,410</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">68,406</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">99,646</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">102,910</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">95,682</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">129,311</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">82,336</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">136,570</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">148,004</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">265,163</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">101,338</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">53,634</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">23,522</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">1,545,932</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left; padding-bottom: 4pt">Gross liability included in the consolidated statement of financial position</td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">492,255</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">All prior years</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2009</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2010</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2011</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2012</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2013</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2014</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2015</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2016</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2017</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2018</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2019</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Total</td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="vertical-align: top; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">At end of accident year</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">63,259</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">71,380</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">76,231</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">100,119</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">123,553</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">115,851</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">92,893</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">98,771</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">110,341</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">94,266</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">124,356</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%; font-weight: bold; font-style: italic"> </td> <td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 6%; font-weight: bold; font-style: italic; text-align: right">157,815</td><td style="width: 1%; font-weight: bold; font-style: italic; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">One year later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">52,099</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">63,488</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">60,555</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">88,131</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">121,694</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">90,078</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">86,991</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">94,055</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">117,163</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">105,797</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">115,739</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Two years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">46,911</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">62,020</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">59,556</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">78,090</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">120,600</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">79,209</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">79,846</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">90,077</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">116,435</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">108,521</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Three years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">48,882</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,897</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">60,662</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">81,521</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">117,084</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">73,250</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">75,311</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">85,366</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">113,949</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Four years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">48,707</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,182</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">62,272</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">77,268</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">109,460</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">70,070</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">73,132</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">89,184</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Five years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">48,310</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">60,146</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">59,826</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">77,798</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">107,701</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">66,693</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">72,641</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Six years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">48,348</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,648</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">60,329</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">76,773</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">107,500</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">65,626</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Seven years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">48,194</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,726</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,084</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">71,644</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">107,269</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Eight years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">48,713</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,540</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">57,329</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">71,620</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Nine years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">49,446</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,590</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">57,425</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Ten years later</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">49,437</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,460</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">-</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Eleven years later</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">49,697</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Current estimate of cumulative claims incurred</td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">148,633</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">49,697</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,460</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">57,425</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">71,620</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">107,269</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">65,626</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">72,641</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">89,184</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">113,949</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">108,521</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">115,739</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">157,815</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">1,216,579</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Cumulative payments to date</td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">147,342</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">48,961</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">58,174</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">54,562</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">69,487</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">106,055</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">64,275</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">68,572</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">76,625</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">86,617</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">73,176</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">44,926</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">13,037</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic"> </td> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td style="font-weight: bold; font-style: italic; text-align: right">911,809</td><td style="font-weight: bold; font-style: italic; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left; padding-bottom: 4pt">Net liability included in the consolidated statement of financial position</td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt; text-align: right"> </td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; font-style: italic; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; font-style: italic; text-align: right">304,770</td><td style="padding-bottom: 2pt; font-weight: bold; font-style: italic; text-align: left"> </td></tr> </table> 94376000 122323000 128498000 133595000 159549000 152384000 174601000 175094000 278298000 196709000 150800000 225950000 75295000 108523000 106567000 119425000 155958000 114972000 160100000 173369000 309258000 219593000 143093000 67119000 105943000 100764000 108557000 148161000 101352000 149533000 167695000 317053000 213655000 68497000 100572000 110286000 110046000 142309000 92846000 145921000 158572000 317778000 68217000 99513000 114464000 103996000 133917000 88210000 142926000 162210000 67909000 101599000 110266000 104541000 132992000 85621000 142478000 67807000 100199000 111774000 103167000 130844000 83183000 67614000 100303000 110644000 97918000 130616000 68115000 100073000 111028000 97998000 68950000 100120000 111198000 68882000 99972000 69169000 240887000 69169000 99972000 111198000 97998000 130616000 83183000 142478000 162210000 317778000 213655000 143093000 225950000 2038187000 239410000 68406000 99646000 102910000 95682000 129311000 82336000 136570000 148004000 265163000 101338000 53634000 23522000 1545932000 492255000 63259000 71380000 76231000 100119000 123553000 115851000 92893000 98771000 110341000 94266000 124356000 157815000 52099000 63488000 60555000 88131000 121694000 90078000 86991000 94055000 117163000 105797000 115739000 46911000 62020000 59556000 78090000 120600000 79209000 79846000 90077000 116435000 108521000 48882000 58897000 60662000 81521000 117084000 73250000 75311000 85366000 113949000 48707000 58182000 62272000 77268000 109460000 70070000 73132000 89184000 48310000 60146000 59826000 77798000 107701000 66693000 72641000 48348000 58648000 60329000 76773000 107500000 65626000 48194000 58726000 58084000 71644000 107269000 48713000 58540000 57329000 71620000 49446000 58590000 57425000 49437000 58460000 49697000 148633000 49697000 58460000 57425000 71620000 107269000 65626000 72641000 89184000 113949000 108521000 115739000 157815000 1216579000 147342000 48961000 58174000 54562000 69487000 106055000 64275000 68572000 76625000 86617000 73176000 44926000 13037000 911809000 304770000 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.5in; text-align: left">8.</td><td style="text-align: justify">UNEARNED PREMIUMS</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: center; padding-bottom: 1.5pt"> </td><td style="text-align: center; padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; text-align: center">2020</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; text-align: center">2019</td><td style="text-align: center; padding-bottom: 1.5pt"> </td><td style="text-align: center; padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; text-align: center">2018</td><td style="text-align: center; padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Gross</td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Reinsurers’ share </td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Net </td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Gross</td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Reinsurers’ share </td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Net </td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Gross </td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Reinsurers’ share </td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Net </td><td style="padding-bottom: 1.5pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: top; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; width: 19%">Opening balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">206,214</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">(33,917</td><td style="width: 1%; font-weight: bold; text-align: left">)</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">172,297</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">168,255</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">(32,567</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">135,688</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">156,694</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">(41,127</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">115,567</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Premiums written</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">467,273</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(128,863</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">338,410</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">349,292</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(97,139</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">252,153</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">301,618</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(98,188</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">203,430</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Premiums earned</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(396,219</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">112,703</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(283,516</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(311,333</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">95,789</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(215,544</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(290,057</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">106,748</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(183,309</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">277,268</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(50,077</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">227,191</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">206,214</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(33,917</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">172,297</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">168,255</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(32,567</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">135,688</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: center; padding-bottom: 1.5pt"> </td><td style="text-align: center; padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; text-align: center">2020</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; text-align: center">2019</td><td style="text-align: center; padding-bottom: 1.5pt"> </td><td style="text-align: center; padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; text-align: center">2018</td><td style="text-align: center; padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Gross</td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Reinsurers’ share </td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Net </td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Gross</td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Reinsurers’ share </td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Net </td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Gross </td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Reinsurers’ share </td><td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Net </td><td style="padding-bottom: 1.5pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: top; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; width: 19%">Opening balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">206,214</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">(33,917</td><td style="width: 1%; font-weight: bold; text-align: left">)</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">172,297</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">168,255</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">(32,567</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">135,688</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">156,694</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">(41,127</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 6%; text-align: right">115,567</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Premiums written</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">467,273</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(128,863</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">338,410</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">349,292</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(97,139</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">252,153</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">301,618</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(98,188</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">203,430</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Premiums earned</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(396,219</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">112,703</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(283,516</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(311,333</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">95,789</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(215,544</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(290,057</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">106,748</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(183,309</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">277,268</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(50,077</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">227,191</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">206,214</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(33,917</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">172,297</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">168,255</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(32,567</td><td style="padding-bottom: 2pt; text-align: left">)</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">135,688</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table> 206214000 -33917000 172297000 168255000 -32567000 135688000 156694000 -41127000 115567000 467273000 -128863000 338410000 349292000 -97139000 252153000 301618000 -98188000 203430000 -396219000 112703000 -283516000 -311333000 95789000 -215544000 -290057000 106748000 -183309000 277268000 -50077000 227191000 206214000 -33917000 172297000 168255000 -32567000 135688000 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in">9.</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">DEFFERRED EXCESS OF LOSS PREMIUMS</td></tr></table> The movement in deferred excess of loss premiums in the consolidated statement of financial position is as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">2020</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">2019</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">2018</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: bottom; text-align: center"> </td><td style="vertical-align: bottom; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="vertical-align: bottom; text-align: center; font-weight: bold; font-style: italic"> </td><td style="vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center">USD ‘000 </td><td style="vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; width: 64%; text-align: left">Opening balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">15,173</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">12,449</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">11,613</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">40,726</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">37,492</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,945</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Charged to consolidated statement of income under reinsures’ share of insurance premiums</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(38,804</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(34,768</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(24,109</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 4pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">17,095</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">15,173</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">12,449</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">2020</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">2019</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">2018</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: bottom; text-align: center"> </td><td style="vertical-align: bottom; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="vertical-align: bottom; text-align: center; font-weight: bold; font-style: italic"> </td><td style="vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center">USD ‘000 </td><td style="vertical-align: bottom; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; width: 64%; text-align: left">Opening balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">15,173</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">12,449</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">11,613</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">40,726</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">37,492</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,945</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Charged to consolidated statement of income under reinsures’ share of insurance premiums</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(38,804</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(34,768</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(24,109</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 4pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">17,095</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">15,173</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">12,449</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table>

15173000

12449000

11613000

40726000 37492000 24945000 -38804000 -34768000 -24109000

17095000

41713000

36404000

32916000

84002000

64675000

62269000

-70543000

-59366000

-58781000

55172000

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.25in; padding-bottom: 1.5pt; text-align: center"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2019</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.25in; padding-bottom: 1.5pt; text-align: center"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.25in; padding-left: 0.25in; width: 76%; text-align: left">Accrued interest income</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">4,213</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2,580</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.25in; padding-left: 0.25in; text-align: left">Listing transaction deferred cost</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,855</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.25in; padding-left: 0.25in; text-align: left">Prepaid expenses</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,978</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,303</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.25in; padding-left: 0.25in; text-align: left">Refundable deposits</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">121</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">119</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.25in; padding-left: 0.25in; text-align: left">Employees receivables</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">7</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">60</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.25in; padding-left: 0.25in; text-align: left">Funds held in trust accounts</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,103</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,518</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.25in; padding-left: 0.25in; text-align: left">Income tax receivables</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">120</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">133</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.25in; padding-left: 0.25in; text-align: left">Trade receivables</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">13</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.25in; padding-left: 0.25in; text-align: left">Investments proceeds receivables</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">894</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.25in; padding-left: 0.25in; text-align: left; padding-bottom: 1.5pt">Others</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">113</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">179</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.25in; padding-left: 0.25in; text-align: left; padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">9,562</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">7,754</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table>

4213000

2580000

1855000

1978000

1303000

121000 119000 7000 60000

2103000

1518000

120000

133000

13000

7000

894000

113000

179000

9562000

7754000

1844000 5649000 3739000 5384000

213000

679000

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: center; padding-bottom: 1.5pt"> </td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Commercial building</td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Lands*</td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Total</td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; width: 40%; text-align: left">Opening balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">20,063</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">5,649</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">25,712</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">32</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">42</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">74</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Sale of investment properties</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(3,739</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(3,739</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Fair value adjustment (note 22)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(1,899</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(108</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(2,007</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Foreign currency adjustment</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(28</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(28</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 4pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">18,168</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">1,844</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">20,012</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.25in; text-align: center"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2019</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.25in; text-align: center; padding-bottom: 1.5pt"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Commercial building</td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Lands*</td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Total</td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.25in; text-align: center"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.25in; padding-left: 0.25in; width: 40%; text-align: left">Opening balance</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">20,312</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">10,343</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">30,655</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.25in; padding-left: 0.25in; text-align: left">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">745</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">745</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.25in; padding-left: 0.25in; text-align: left">Sale of investment properties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(5,384</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(5,384</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.25in; padding-left: 0.25in; text-align: left; padding-bottom: 1.5pt">Fair value adjustment (note 22)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(249</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(55</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(304</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.25in; padding-left: 0.25in; text-align: left; padding-bottom: 4pt">Ending balance</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">20,063</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">5,649</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">25,712</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">*</td><td style="text-align: justify">Lands amounting to USD 1,844 thousand as at 31 December 2020 (2019: USD 5,649 thousand) are registered in the name of a former Director. The Group has obtained a proxy and has full control over these investment properties (note 26).</td> </tr></table> 20063000 5649000 25712000

32000

42000

74000

-3739000

-1899000

-108000

-2007000

-28000 -28000 18168000 1844000 20012000 20312000 10343000 30655000

745000

-5384000

-249000

-55000

-304000

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-align: center"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">%</td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Price per square meter</td> <td style="text-align: center"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Impact on consolidated statement of income for the increase in price per square meter</td> <td style="text-align: center"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Impact on consolidated statement of income for the decrease in price per square meter</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-align: center"> </td><td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="font-style: italic; text-align: center">USD</td> <td style="text-align: center"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="font-style: italic; text-align: center">USD ‘000</td> <td style="text-align: center"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="font-style: italic; text-align: center">USD ‘000</td><td style="text-align: center; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; font-style: italic; text-align: left">Commercial building</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td> <td> </td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td> <td> </td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; width: 54%; font-weight: bold; text-align: left">2020</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 9%; font-weight: bold; text-align: center">+/-10</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">1,016</td> <td style="width: 1%"> </td><td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">1,816</td> <td style="width: 1%"> </td><td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">(1,816</td><td style="width: 1%; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td> <td> </td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td> <td> </td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: left">2019</td><td> </td> <td style="text-align: center">+/-10</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,122</td> <td> </td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">2,006</td> <td> </td><td style="text-align: left"> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,006</td><td style="text-align: left">)</td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-align: center"> </td> <td style="text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">%</td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Price per square meter</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Impact on consolidated statement of income for the increase in price per square meter</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Impact on consolidated statement of income for the decrease in price per square meter</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td><td style="text-align: center; font-style: italic"> </td> <td style="font-style: italic; text-align: center"> </td><td style="font-style: italic; text-align: center">USD </td><td style="font-style: italic; text-align: center"> </td><td style="text-align: center; font-style: italic"> </td> <td style="font-style: italic; text-align: center"> </td><td style="font-style: italic; text-align: center">USD ‘000</td><td style="font-style: italic; text-align: center"> </td><td style="text-align: center; font-style: italic"> </td> <td style="font-style: italic; text-align: center"> </td><td style="font-style: italic; text-align: center">USD ‘000</td><td style="font-style: italic; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; font-style: italic; text-align: left">Lands</td> <td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; width: 54%; font-weight: bold; text-align: left">2020</td> <td style="width: 1%"> </td> <td style="width: 9%; font-weight: bold; text-align: center">+/-10</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">189</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">184</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">(184</td><td style="width: 1%; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-align: left"> </td> <td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-align: left">2019</td> <td> </td> <td style="text-align: center">+/-10</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">203</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">565</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(565</td><td style="text-align: left">)</td></tr> </table>

0.10 1016000 1816000 -1816000 0.10 1122000 2006000 -2006000 0.10 189000 184000 -184000 0.10 203000 565000 -565000

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.5in; text-align: left">13.</td><td style="text-align: justify">PROPERTY, PREMISES AND EQUIPMENT</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">Office buildings</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Aircraft</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Office furniture</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Computers</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Equipment</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Leasehold improvements</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Vehicles</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Work in progress</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Right of use assets</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Total</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; width: 10%">At 1 January 2020 </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">2,679</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">11,290</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">1,652</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">1,646</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">291</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">1,411</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">1,011</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">9</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">1,925</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">21,914</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">22</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">26</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">210</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">8</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">76</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,012</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,356</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Transfers</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">9</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(9</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Disposals</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(3</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(3</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Adjustments</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(20</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">98</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">78</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">At 31 December 2020</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2,681</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">11,290</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,678</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,862</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">293</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,419</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,011</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">76</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4,035</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">24,345</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">At 1 January 2020 </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">894</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,709</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,383</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,436</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">282</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,250</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">814</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">411</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">9,179</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Deprecation for the year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">29</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">906</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">57</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">172</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">68</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">57</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">584</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,875</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Disposals</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(3</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(3</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Adjustments</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">126</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">126</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">At 31 December 2020</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">923</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">3,615</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,440</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,605</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">284</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,318</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">871</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,121</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">11,177</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Net carrying amount</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left; padding-bottom: 4pt">At 31 December 2020</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">1,758</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">7,675</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">238</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">257</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">9</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">101</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">140</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">76</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">2,914</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">13,168</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">At 1 January 2019 </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,675</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,290</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,633</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,554</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">281</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,320</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">965</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,718</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Impact of the IFRS 16 adoption</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,716</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,716</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Adjusted balance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,675</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,290</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,633</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,554</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">281</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,320</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">965</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,716</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">21,434</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">123</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">163</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">115</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,002</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,445</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Disposals</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(31</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(72</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(69</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(793</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(965</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">At 31 December 2019</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,679</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">11,290</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,652</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,646</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">291</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,411</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,011</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">9</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,925</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">21,914</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">At 1 January 2019 </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">757</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,806</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,326</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,298</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">278</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,220</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">816</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,501</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Deprecation for the year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">137</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">903</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">57</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">169</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">53</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">68</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">516</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,907</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Disposals</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(31</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(23</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(70</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(105</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(229</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">At 31 December 2019</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">894</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,709</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,383</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,436</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">282</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,250</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">814</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">411</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">9,179</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Net carrying amount</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left; padding-bottom: 4pt">At 31 December 2019</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,785</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">8,581</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">269</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">210</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">9</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">161</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">197</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">9</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,514</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">12,735</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table> The depreciation of the aircraft for the year ended 31 December 2020 amounting to USD 906 thousand (2019: USD 903 thousand) (2018: USD 903 thousand) was allocated proportionally between the other expenses and general and administrative expenses based on the flight hours of chartered trips and business-related trips, respectively. The depreciation and amortization (note 14) charges for the year 2020, 2019 and 2018 were allocated as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; vertical-align: bottom; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">2019</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic; vertical-align: bottom"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">2018</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-align: center"> </td><td style="font-weight: bold; font-style: italic; text-align: center"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center">USD ‘000</td><td style="font-weight: bold; font-style: italic; text-align: center"> </td><td style="font-style: italic; text-align: center"> </td> <td colspan="2" style="font-style: italic; text-align: center">USD ‘000</td><td style="font-style: italic; text-align: center"> </td><td style="font-style: italic; text-align: center"> </td> <td colspan="2" style="font-style: italic; text-align: center">USD ‘000</td><td style="font-style: italic; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; width: 64%; text-align: left">Property, premises and equipment depreciation charge for the year</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">1,875</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,907</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,288</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Intangible assets amortization charge for the year (note 14)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">737</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">49</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">72</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Aircraft depreciation allocated to listing transaction deferred cost</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(73</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Aircraft depreciation allocated to other expenses (note 23)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(632</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(595</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(491</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 4pt">Total depreciation and amortization allocated to G&A (note 21)</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">1,980</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,288</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">869</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table> Fully depreciated property, premises and equipment still in use amounted to USD 5,408 thousand as at 31 December 2020 (2019: USD 5,206 thousand).

906000

903000

5408000 5206000

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center">Office buildings</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Aircraft</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Office furniture</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Computers</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Equipment</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Leasehold improvements</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Vehicles</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Work in progress</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Right of use assets</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Total</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt; vertical-align: bottom; text-align: center"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td> <td colspan="2" style="vertical-align: bottom; font-style: italic; text-align: center">USD ‘000</td><td style="padding-bottom: 1.5pt; vertical-align: bottom; text-align: center; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; width: 10%">At 1 January 2020 </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">2,679</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">11,290</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">1,652</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">1,646</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">291</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">1,411</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">1,011</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">9</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">1,925</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 6%; font-weight: bold; text-align: right">21,914</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">22</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">26</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">210</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">8</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">76</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,012</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,356</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Transfers</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">9</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(9</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Disposals</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(3</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(3</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Adjustments</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(20</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">98</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">78</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">At 31 December 2020</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2,681</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">11,290</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,678</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,862</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">293</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,419</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,011</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">76</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4,035</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">24,345</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">At 1 January 2020 </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">894</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,709</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,383</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,436</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">282</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,250</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">814</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">411</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">9,179</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Deprecation for the year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">29</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">906</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">57</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">172</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">68</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">57</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">584</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,875</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Disposals</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(3</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(3</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Adjustments</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">126</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">126</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">At 31 December 2020</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">923</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">3,615</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,440</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,605</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">284</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,318</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">871</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,121</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">11,177</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Net carrying amount</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left; padding-bottom: 4pt">At 31 December 2020</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">1,758</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">7,675</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">238</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">257</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">9</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">101</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">140</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">76</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">2,914</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">13,168</td><td style="padding-bottom: 2pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">At 1 January 2019 </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,675</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,290</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,633</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,554</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">281</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,320</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">965</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,718</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Impact of the IFRS 16 adoption</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,716</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,716</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Adjusted balance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,675</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,290</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,633</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,554</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">281</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,320</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">965</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,716</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">21,434</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">123</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">163</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">115</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,002</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,445</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Disposals</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(31</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(72</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(69</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(793</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(965</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">At 31 December 2019</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,679</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">11,290</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,652</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,646</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">291</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,411</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,011</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">9</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,925</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">21,914</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Depreciation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">At 1 January 2019 </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">757</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,806</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,326</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,298</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">278</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,220</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">816</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,501</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left">Deprecation for the year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">137</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">903</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">57</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">169</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">53</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">68</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">516</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,907</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Disposals</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(31</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(23</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(70</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(105</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(229</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">At 31 December 2019</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">894</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,709</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,383</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,436</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">282</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,250</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">814</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">411</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">9,179</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Net carrying amount</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left; padding-bottom: 4pt">At 31 December 2019</td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,785</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">8,581</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">269</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">210</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">9</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">161</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">197</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">9</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,514</td><td style="padding-bottom: 2pt; text-align: left"> </td><td style="padding-bottom: 2pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">12,735</td><td style="padding-bottom: 2pt; text-align: left"> </td></tr> </table>

2679000 11290000 1652000 1646000 291000 1411000 1011000 9000 1925000 21914000

22000

26000

210000

2000

8000

76000

2012000

2356000

9000

-9000

3000

-20000

98000

78000

2681000 11290000 1678000 1862000 293000 1419000 1011000 76000 4035000 24345000 894000 2709000 1383000 1436000 282000 1250000 814000 411000 9179000

29000

57000

172000

2000

68000

57000

584000

1875000

-3000 -3000

126000

923000 3615000 1440000 1605000 284000 1318000 871000