Roce (prerax) | ROCE | % ean’ To Materiak cor) oe - Cmpliy ee cont: (eit )rev) ills eae Sqha7 ne, % Asstk yroduntin Pee} at Fe] trod ee an eae coer) L Ree] nw poe= Roce t% ) pace svar vty} aD £7 Peck ~ shen ROEETTY Lhe et poe < este eocestaa WIPRS ge ANvinkery Valuation ) coeeeet 3 Andian GAAP <= FLO Or weighted arg, cost OS GAAP —- LIfo. gq. “owe pee sabes 4 16 10,000 our oe frobabdivy of rekurns "is 107, ahr @ month , YUONncp, bod korping ee AY whe Wire % sal Bis Dy cadl~ 7 10,000 ae 40,0000 = poco! PIL Cr produ ¢ qooo + one 2 1,09? Solo gg Tertnuis BIS Cy Convrank fee {idle My (ren) i PIL Or cods £, 4,500 Dr Asset for sod anwiap yelurn() a CO) (Or) oe) L+ TStt CRer - ke) A= 1 Shore hglder Equihy Asset Ac > 1S always Maintained in DY J} Ame T owe dr a Qe $b we & ~ Uobilty - Cr SB Viab. T ure Le ay Vob b wt Ov. Now, oF Pe Nine of Beran Th non. ce Code £14100 Ble Conrrot 2 ols De esi ew (ond. 84) Rovere £ (Reese? yoo £ 35° (an- Vs ‘Increadry nencey Br)~ AO e 2. PG-PGIM -2019 - Macroecon0m Shove hor i ow sser = Lob + Equity : (Qerenian © Expemet) Oo 6, 7c] Dr) Assur‘) Q Dr c Mamrained io C t 7 & No — Deloit Maintai nest in Credit Se aa ple — Dekiver Ae product Redsam reward ports = Makeriod Nighh gq wdtomer = Mobil perjormanca. voli gakton oF seller doweasts Rotabve drow drond- ohoos hone Aaiting pice” boas Volue A reword pagram:- ogy ETo0e = & 10° y \apoed rears =_ mz Unreedsomed = £15 sporal hromsakion vale = & 1094S Cuskomer porgmert atlocated = £ [oops -£8F bo Loy ady regen 1045Ak me © ; Yime op 1h ie shopping Bs ae DY 4ood Con 31% 37 oro: Ptrehare 4 coh £\4o° — or Conyrah Ueveibity & 100 ar PR Ve Ree 4 E idrprl= 00K 1887 _ WGo-S Contras igh > € 157.28 = lnae 7 BY (udlen+ ae ow or an an ae ne Tadlory untae © Sisteurt supe Pe phen Vode Nek pi = pm ophione poe x VSCOM Dro, CUtali Poe eee » Catal heed) ~€& [000 & 15,000 turent sole + Value of opie Ly90000 + € 15,000 KSOOP = €13040 ~€ 100,000% _*SE 2 ae 19008 ——— % EO XSOY x OFS Tramoaa@hin Vole cad~ €100,00° ple Cr Revenue © &6,76° CmYrrask Bis or FRE. S190? coupers)4m pmbon + ¢, a — Unless Sncentig 5. on Dise.Couponr 2) soke AS benoo A bow Yee hw R07 a Re Uren & 20 ov Conwask eee ag Urobeildy “ wore bis pr Cn an 7 perene £4F BF ae convrou €\2-6% Uae 7 BISDiuted eps: - tee Jou vale = 4900 Keavcise vats ( Shifevats) = y = 1000/45 =25 rd ‘nn 403) fon mre beginnins, J SB7k Convesion Tabs = Hente, 1900 Bo tend all ke con 7 H Res Cows / “Taine pa [rs / / EET — 0,80 [ Qmverwok 13,500 qe x 160,90 46,500 Wy o2s an | par > 34, ¥FS | No 4 thy gnars \ a4, 34S \ pose 5 * 5,500 {2,000 Yaw 27 42,900 \ PS ce 2.406 Baa Se Natero, vb the pee} ue howe made 4 ire L garg ME PMG put woes be are wdyores bel amount = 40 fo bay He IF 23) ) ang = 150,000. No. 4 Londo= So Now, Entt 60,00 _tan2s7. VS pat asjo" ve Ney = 1290° + 150% 25 nares 7 ee = 12,0004 345° He = 14S? qa S,00? Praked = 2-354 eos 4s50 Snowe oh ayrs is 22 then YU | (25- 22) niso > QI? & = 450 Grove ‘ig 27, Then ‘Wis Ney mane Shores * Ws oo~ 4 Juror S — J00,00° Se ga eae i Gi) = 2,#9,19° a loaoe is reptica 4 borrow & relorant rads a) digcount ber waded _ 8 L + sé ¢ Creve exp) Neon $\-sm™) \ 7 7 W pree dion) fark eae ' pose 500,009A 74-487. + Rignrs omer = 349pe = 373,050 = argon ki : y ow'd tal a aaa : aud wat Cait wry) qoeoea ie amt oe grein ison ont, BEDA). Ym. $A“?tora, term Dease'- — we TERS & Finance \pave Wis avis borrowt buy :- 24] 09)19 CFs lease + (LA) 7 En aiiscourr wilh Fd ard Ube) —> ae SWad on LA bot CEs ero & b lo > capital outa cot bo by Depreciakin/ fan Cia ta 7 Cabeage vale: ¢$ 4,00;000 Carina amt = $ 1,580,090 Yair value = ok oti Meooe bee Lor Je + (Ren ened} rae | PPE = PVA SUA imi \eooe ve ventale TOFSA noe ; 509,009 Ao6000 ar "" sm Josey Crt 10) 373,650 —— 1» como Aoeeaee valued myer t = $3aqI0° woe aunek S 25.9474 tem) 252,700 262,700 . ¢ 50,549 Depreei asiern = 5 perytar depres ay St Economie ry A van = 282, For- 6/54? = 2Purcherge 4 marine A i alse + Crev- exoy} ray} ppe . = sup pti ar Frome, 200 credity So rny) Rome Mo = $ 2m) Fenness § bry % ppe frie) $250,008 J oooCinstallt) $250,090 Leanne) 1 Te0 cat 290,28) 200,000 20) XYpoeeyehowrge 2 vats (aiJesf 202s SFO] Atemmesh ving Are maine Bm prance PV ob oilalig waomiln OF! = 2.0431) Frac cee rN pawiion Y Por comp "324900 == di limi iowsa none. 7046 we IFRS F _ YOSEAA a) 09] poce= NOPAT | Pow 7 Re ——7._; anal “ capital ompleyed —, _ Pret NWC PoE = Roa T or [Poa ava r (ito) = DFE Wreotmeve popat = BET # UTED ERIT or ‘ —— ERTTOR or ae sVobud = YE oa NOPAT “ fice =. ibe Bere Cl = RCE E = NOPAT T Dene A bree. = Ocapexrr Maher brm 2 Peme Ak Anymer = Vewee,, Gch s NOPAaT = Oath Ree a (degre evened) & (caper + ONWC) Qnec weo/NE Nw = ofCA ~ Ntecl cvanasr, 7 mma paper a Chere Neck « Recvables — cah credit Asset4 pillars 4 ong). — Cath How cap. Coompphabi~e Advartoqge Period) ROCE>E SS — terminal Vale - ¥ Coot cape Amyaieweny 4 Accehs o cau + coor Generating voit Value We = Presenr value _ vane ee a cee fo Ci eot @- &) - —< Peet Carey fevoleto> Ampdirmnan Fauip. aacead Pecoveraite | ae (vp a7) amr — Amt Nu \ aed 12,180 ° # 90° re 90,F0° a patance (eke ee 265 / (eovaiat” lo = pe | No \19 4, radian Gae2 other 1047 Conve pe eel owk of Ania yeroluatren reserve.surplipes OQrc_j200, 930/919 Rote valine less C077 An FL revoluattn vigor © i pO NP aiepuiet @ value le vee hone t Pechrrrabte } Ammyoirmerk |eiy Core7 bry 7 = dn, D si Ant sont tp abespase| Qi) Revelucin wes a. oo) Ga a Ga _ [real 7 poet — \207 — enh 30° " ae \e2 pape Penh on carpe Font yer men ts qoor 2aeee=Se T + B00-409F esaor_ wee ge = SSIS a, Sie dda, oe a pr eee YON vos wy Wor noe 0 w “ywSupplier Credit i MorctaSs 7 “AScqp>_ Closing, Inventy 7 LT FOR FIFO dnven \ ares! very $8 do folimoe- 7 firox | pice Vale _ wel 1 40,000 10 100,000 44 cose \ Aer 42. 40,000 Now, usad arr YS rsoo UN Flr LiFe 40,000 F 10 > 4pojer® TOOK = 90,00> soooK (2 = Gp,oe> zoo0r \® = F500 ; 165,00° 4@por> oe gore, COOS “pccourkiny, “okies — ~ Rekume — Wa claims + — \oy pote 0 redo a aa ter dowbtyu! Accounts urrnmast * Cc* Listing *- sae i hsiegg Snteys om NAGDAG Skps D dnty alles be Cit, BANK fs Seok Ustng ab NAS ave 2 veguide CIT Bank. fo See Aor Amencan f i escigts) V3) =e Lm oer 2 Nt) ‘asued & Grove cm DD Creatd Wurin India. dsked ‘Vey Shorehdldenr ho Wrandper Charro Jo Trask uke wank tr sell the Shares ‘IN OS | ' _ ponds bows 1 OS ' prow Price dso y mechaniir jorpaaee | a) On Book buidhey Level 2! er an \s Demos Secondary trash = = Ave syrenry geen Geter Level 3 x pete Deerooesd pare : eho 7 7 moe oveny Acting 4 Depssiiory Bark Love! | |