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東風汽車集團股份有限公司 DONGFENG MOTOR GROUP COMPANY LIMITED 東風汽車集團股份有限公司東風汽車集團股份有限公司股份代號 489 Stock Code: 489 DONGFENG MOTOR GROUP COMPANY LIMITED 2017 2017 年 DONGFENG MOTOR GROUP COMPANY LIMITED 度報告 * 僅供識別 DFG_AR17_Cover_A02.indd 1 2017 Annual Report * For identification purposes only 24/4/2018 18:18:32

2 4 7 10 43 50 57 59 82 91 92 93 95 97 100 190 192 208

.. 00489 8,616,120,000 2

. www.dfmg.com.cn (FCS, FCIS) H 183 17 1712-1716 3

. 2,124.9215 300 20 PSA 21 2 PSA 4

. 2017 2016 2015 125,016 122,535 126,566 16,112 17,515 16,929 14,063 13,345 11,550 1.63 1.55 1.34 4,150 3,638 558 212,492 185,079 160,786 97,496 81,441 69,302 108,201 96,726 84,650 12.56 11.23 9.82 13.70% 14.70% 14.60% 6

2,887.893.0% 2.5% SUV 13.3% MPV 416.0614.0% 100 52.4% 77.753.3% 328.424.1% 1,250.16 2.0%2,732.43 11.3% 1,933.042.1%762.45 40.1%140.635.4% 7

. 328.424.1%20 SUV6.1.. 96.206.2% 44.1223.8% 5.368%. 110 8

12 3 4 5 9

. 1. 3,306,111 3,284,238 11.4% (%) 1 469,000 455,011 10.9 427,698 413,434 11.4 41,302 41,577 7.9 2,837,111 2,829,227 11.4 1,288,062 1,291,372 10.9 MPV 194,412 192,571 9.3 SUV 1,354,637 1,345,284 13.1 3,306,111 3,284,238 11.4 1 10

2. 2 216,083 2 41,247 2 154,761 4 1,291,372 3 MPV 192,571 5 SUV 1,345,284 2 2 3. (%) 61,732 49.4 59,826 47.9 3,047 2.4 539 0.4 (128) (0.1) 125,016 100.0 11

4. 457 879 31 420 823 31 366 877 31 128 781 31 214 415 31 12

380 587 31 440 582 31 750 973 31 119 110 30 265 232 31 500 495 31 471 588 31 194 196 30 308 415 31 5. 359.5 337 62.5 37 297 300 13

1 1.1 25 24 6 7.5 1 1.2 28 9 2 2.1 123.5 33 60 48 21.5 11 14

(2.2) 104 65 51 12 53 7 8 359.5 6. 138.95 (1) (2) (3) 188 15

. 1. 328.424.1% 282.921.5%45.5023.9% 2,732.43 11.3%140.034.9% 2. 96.206.2% 52.08 5.2% 44.1223.8% 3. 110 16

. 3% 2.6% 3.3% -1.8%. 91 189 0.25 17

100% 142.83 18

190191 28 7 13 40 9596 10% 19

0.02 30% 30% 16171825 8,616,120,000 8,616,120,000 1 5,760,388,00066.86% H 2,855,732,00033.14% 20

336 5% H * ( ) ( ) ( ) % % 5,760,388,000 (L) 100 66.86 SCMB OVERSEAS LIMITED H 242,282,000 (L) 8.48 (L) 2.81 STANDARD CHARTERED ASIA H 242,282,000 (L) 8.48 (L) 2.81 LIMITED STANDARD CHARTERED BANK H 242,282,000 (L) 8.48 (L) 2.81 STANDARD CHARTERED H 242,282,000 (L) 8.48 (L) 2.81 HOLDING LIMITED STANDARD CHARTERED H 242,282,000 (L) 8.48 (L) 2.81 HOLDINGS (INTERNATIONAL) B.V. STANDARD CHARTERED H 242,282,000 (L) 8.48 (L) 2.81 MB HOLDINGS B.V. STANDARD CHARTERED H 242,282,000 (L) 8.48 (L) 2.81 PRIVATE EQUITY LIMITED REYNOLDS MARGARET(MEG) H 231,602,000 (L) 8.11 (L) 2.68 WARD BRYAN H 231,602,000 (L) 8.11 (L) 2.68 WESTWOOD GLOBAL H 231,602,000 (L) 8.11 (L) 2.68 INVESTMENTS, LLC ALLAN & GILL GRAY H 171,659,721 (L) 6.01(L) 1.99 FOUNDATION ORBIS ALLAN GRAY LIMITED H 171,659,721 (L) 6.01(L) 1.99 ORBIS HOLDINGS LIMITED H 171,659,721 (L) 6.01(L) 1.99 ORBIS INVESTMENT H 171,659,721 (L) 6.01(L) 1.99 MANAGEMENT LIMITED PRUDENTIAL PLC H 170,806,000 (L) 5.98 (L) 1.98 BLACKROCK, INC H 170,071,218 (L) 5.95 (L) 1.97 (L) 468,000 (S) 0.01 (S) 0.00 (S) CITIGROUP INC H 161,415,175 (L) 5.65 (L) 1.87 (L) 3,697,682 (S) 0.12 (S) 0.04 (S) 114,729,225 (P) 4.01 (P) 1.33 (P) EDINBURGH PARTNERS H 153,514,000 (L) 5.38 (L) 1.78 LIMITED MONDRIAN INVESTMENT PARTNERS LIMITED H 144,648,000 (L) 5.06 (L) 1.67 21

50 54 55 22

XV 352 8 23

9 146,843 ( ) (%) 97,722 66.6 17,031 11.6 30,756 20.9 1,334 0.9 146,843 100 24

6 25% 25

. 1. (1) (2) 2. (1)(2)(3)(4) (5) 26

3. (1) (2) (i)(ii) (iii) 0.80 2.00 12.00 0.51 0.99 7.46 27

4. (1) (2) 35.00 30.82 28

5. (1) (2) 3.00 2.85 29

6. (1) (2) 5.00 3.19 30

7. (1) (2) 21.00 14.43 31

8. (1) (2) 7.00 2.90 32

9. (1) (2) (i) (ii) (iii) (i) (ii) (iii) (iv) 15.00 2.79 33

10. (1) (2) (i) (ii)(iii) (i)(ii) (iii) (iv) 28.00 22.00 34

11. (1) (1) (2) 5% 35

2.30 1.29 1.94 0 0.22 (2) (1) (2) 14A.71 (i) (iv) (ii) (iii)14a.71(4) 14A.71(4) 14A.53(2) 14A.53(2) 36

0.71 0.7400 12. (a) (b) 91.25% 25.11 30.17 37

13. (i) 38

(1)(2) (3) 560.83 39

(ii) (iii) 40

60,060,000 139,940,000 14A.07 (iv) 41

68.80 42

1. 2,901.542,887.893.2% 3.0% 2,471.831.4%2.5% (MPV) 17.1%(SUV) 13.3% 20.0% 416.0614.0%16.9% 3.0% 328.42 4.1% 282.921.5%45.50 23.9% 11.4%0.1 11.4%10.9%0.8 43

1,250.161,225.3524.81 2.0% 61,732 76,656 59,826 43,298 3,047 2,338 539 351 (128) (108) 125,016 122,535 1.1 766.56 149.24 617.3219.5% 1.2 432.98 165.28 598.2638.2% 1.3 23.38 7.0930.47 30.3% 44

2. 1,089.041,050.2038.84 3.7% 161.12175.1514.03 8.0%12.9%14.3%1.4 3. 27.7522.01 5.74 4. 72.7076.34 3.64 5. 46.0837.67 8.41 6. 64.2357.01 7.22 45

7. 72.9261.84 11.08 8. 5.924.45 1.47 9. 135.74116.65 19.09125.3% CRV XRV 15.63 2 7.22140.6% 4.14 312.1% 6.42 4 9.83 C3-XR408 3008 2008 10. 22.07 18.97 3.10 PSA2.08 46

11. 11.4112.76 1.35 7.2%8.1%0.9 12. 140.63133.457.18 5.4% 11.2%10.9% 0.313.7%14.7% 1.0 13. 2,124.921,850.79274.13 14. 974.96814.41160.55 66.59 58.48 15. 1,149.961,036.38113.58 1,082.01967.26 114.75 47

16. 4,150 3,638 1,169 1,403 (3,493) (4,155) 1,826 886 41.50(1) 23.79(2)84.04(3) 87.62(4)16.87(5) 50.91(6) 11.61 11.69 (1) 44.75(2) 106.46(3)38.66 34.93 (1) 26.28(2)25.63(3) 36.33 48

315.50 297.24 18.26 333.50 308.51 24.99269.65 230.99 38.66 15.6% 14.9%0.7 1.271.35 0.081.151.22 0.07 34 30 4 58 2 60 17 12543 46 3 17. 2,732.432,455.56 276.87 11.3% 215.79208.49 7.30 3.5%2,968.862,618.63 350.23 13.4% 49

56 DFG-PSA 30 57 30 50

51 30 73 3 51

65 68 47 (JD) 52

51 54 59 53

55 53 50 54

56 59 20 50 58 55

.. 57

. 58

. A.4.2 A.4.2 59

. 1. 60

2. 67.4%45,899.3532.6% 22,233.60 5% H 21 1 10% 61

2 3 4 5% 5 6 10% 62

H (+852) 2862 8628 18317 1712-1716 % % I. 1. 2. 3. 4. 5. 7,332,053,910 100 0 0 7,332,053,910 100 0 0 7,332,053,910 100 0 0 6,932,778,913 97.01 213,934,000 2.99 7,144,282,494 99.97 2,430,419 0.03 63

% % 6. 7,232,794,002 98.80 87,622,598 1.19 7. 7,325,797,181 99.92 5,807,729 0.08 8. 6,553,717,164 89.39 777,887,746 10.61 9. 7,331,604,910 100 0 0 10. 7,256,286,491 98.96 76,011,419 1.04 11. 7,332,297,910 100 0 0 12. 7,332,297,910 100 0 0 II. 13. H 20% 5,995,782,445 83.89 1,150,930,468 16.10 64

3. 1 65

5052 2 5354 3 66

3.13 3.13 4 5 67

6 7 6 14.7 68

D.3.1 69

1 6/8 (75%) 3/4 (75%) 1/1 (100%) 7/8 (87.5%) 1/2 (50%) 1/1 (100%) 8/8 (100%) 1/1 (100%) 2/2 (100%) 0/1 (0%) 2/2 (100%) 1/1 (100%) 0/1 (0%) 70

8/8 (100%) 2/2 (100%) 2/2 (100%) 4/4 (100%) 1/1 (100%) 7/8 (87.5%) 2/3 (66.7%) 4/4 (100%) 1/1 (100%) 5/8 (62.5%) 2/2 (100%) 0/1 (0%) 8/8 (100%) 3/3 (100%) 1/1 (100%) 2 71

8 74

4. 76

2/2 (100%) 3/3 (100%) 1/1 (100%) 3/3 (100%) 5/5 (100%) 1/1 (100%) 2/2 (100%) 3/3 (100%) 1/1 (100%) 34 77

5. 8290 1,270 10 10 78

6. 3.29 15 7. 8. 81

91 189 82

3 6 1729 1,848 1,381 13,598 84

3 6 1317 268 86

13,598 87

Dou Wang, Angel 90

2.2 4 125,016 122,535 (108,904) (105,020) 16,112 17,515 5 2,775 2,201 (7,270) (7,634) (4,608) (3,767) (6,423) (5,701) 7 (592) (445) 17 13,574 11,665 18 2,207 1,897 6 15,775 15,731 10 (1,141) (1,276) 14,634 14,455 14,063 13,345 571 1,110 14,634 14,455 12 163.22 154.89 163.22 154.89 100189 91

2.2 14,634 14,455 (70) 43 119 (33) 49 10 659 257 (252) (19) 407 238 (26) 14 430 262 15,064 14,717 14,448 13,619 616 1,098 15,064 14,717 100189 92

2.2 13 15,005 13,873 1,207 1,296 14 4,237 3,618 15 1,763 1,798 17 39,858 40,549 18 14,614 12,598 25 174 174 19 18,257 14,377 10 2,520 2,134 97,635 90,417 20 10,207 8,735 21 6,000 4,138 22 14,605 15,416 23 26,611 20,205 24 13,573 8,672 26 10,511 6,645 26 33,350 30,851 114,857 94,662 212,492 185,079 27 8,616 8,616 14,565 12,716 85,020 75,394 108,201 96,726 6,795 6,912 114,996 103,638 100189 93

2.2 28 2,398 7,087 1,438 1,320 30 771 872 10 1,555 1,302 29 652 674 6,814 11,255 31 21,512 21,501 32 21,526 14,867 33 17,414 16,206 24 13,620 8,529 28 14,498 7,310 827 688 29 1,285 1,085 90,682 70,186 97,496 81,441 212,492 185,079 100189 94

8,616 2,378* 8,191* 65,465 84,650 6,834 91,484 2.2 55 37 92 5 97 8,616 2,433 8,191 65,502 84,742 6,839 91,581 13,345 13,345 1,110 14,455 274 274 (12) 262 274 13,345 13,619 1,098 14,717 1,716 (1,716) 98 98 102 102 102 (1,737) (1,737) (1,123) (2,860) 8,616 2,809* 9,907* 75,394 96,726 6,912 103,638 * 12,71610,624 100189 95

8,616 2,746* 9,907* 75,381 96,650 6,908 103,558 2.2 63 13 76 4 80 8,616 2,809 9,907 75,394 96,726 6,912 103,638 14,063 14,063 571 14,634 385 385 45 430 385 14,063 14,448 616 15,064 1,596 (1,596) 75 75 (63) (63) (3) (66) (97) (97) (97) (2,841) (2,841) (804) (3,645) 28 28 (1) 27 8,616 3,062* 11,503* 85,020 108,201 6,795 114,996 * 14,56512,716 100189 96

2.2 15,775 15,731 (15,781) (13,562) 6 13 (3) 6 87 66 6 216 (64) 6 165 533 6 24 (60) 6 1,758 1,672 6 268 2 6 416 321 7 592 445 5 (1,031) (834) 30 (121) (90) (2) (64) 2,379 4,093 (1,456) (3,662) (1,687) 14 233 (1,330) 8,404 10,528 (8,762) (7,309) 1,986 1,104 (894) (329) 5,091 1,696 178 252 5,472 5,057 (161) (237) (1,161) (1,182) 4,150 3,638 100189 97

2.2 (3,269) (2,382) (166) (396) (1,040) (1,142) 16 (67) (1,203) 17 (50) 47 29 3 34 10,646 9,192 20 408 823 1,012 26 (3,866) (2,885) 26 (673) 1,947 (174) (1,062) (3,214) 1,169 1,403 100189 98

2.2 2,628 4,939 (2,563) (6,314) 75 98 (792) (1,116) (2,841) (1,762) (3,493) (4,155) 1,826 886 29,724 28,838 26 31,550 29,724 100189 99

1. 1 2.1 622 3 100

2.1 (i)(ii) (iii)(i) (ii)(iii) 2.2 101

2.3 (i) 12 7 122014-2016 12 12B17 (ii) 9 9 102

2.3 (ii) 9 (AFS) (FVOCI) (FVPL) 9 39 (ECL)39 FVOCI 15 103

2.3 (ii) 15 18 11 15 15 15 104

2.3 (ii) 16 16 5,943 16 10 28 10 28 105

2.3 (ii) 10 28 2.4 (i) (ii) (iii) 20% 20% 106

2.4 5 107

2.4 (2.2) 39 39 108

2.4 109

2.4 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) 110

2.4 5 10 45 5 20 111

2.4 (i) 3 15 (ii) (iii) 17 112

2.4 (i) (ii) 113

2.4 (ii) (a)(b) 114

2.4 (a) (b) (i) 115

2.4 (i) (ii) (iii) 116

2.4 (iii) (i) (ii) 117

2.4 118

2.4 (i) 119

2.4 (ii) 120

2.4 (ii) (i) (ii) 121

2.4 (iii) (iv) (i) 6(a) (ii) 6(b) (iii) 6(c) 122

2.4 (iv) 6(d) (i) 123

2.4 (ii) (iii) 124

2.4 (iv) 3. (i) 125

3. (ii) (iii) (iv) 126

4. 10% 127

4. 59,747 61,732 2,998 539 125,016 79 49 (128) 59,826 61,732 3,047 539 (128) 125,016 1,667 (2,014) 1,632 (2,452) 722 (445) 574 369 857 (769) 1,031 (592) 210 14,035 231 (902) 13,574 1,664 504 39 2,207 15,775 (1,141) 14,634 1,422 1,781 8 58 3,269 672 347 21 1,040 9 12 120 25 166 798 884 4 72 1,758 264 13 4 135 416 (7) 223 216 144 173 116 433 852 529 1,381 128

4. () () () () () () 43,218 76,656 2,310 351 122,535 80 28 (108) 43,298 76,656 2,338 351 (108) 122,535 266 1,384 1,279 (1,717) 568 1,780 340 371 726 (603) 834 (445) 335 11,759 219 (648) 11,665 1,466 399 32 1,897 15,731 (1,276) 14,455 750 1,600 5 27 2,382 779 353 7 3 1,142 115 188 303 743 857 3 69 1,672 204 4 2 111 321 (84) 18 2 (64) 325 37 149 24 535 678 793 1,471 129

5. 128 121 771 427 237 122 1,031 834 253 283 355 414 2,775 2,201 6. 108,137 103,647 275 151 216 (64) 13 1,758 1,672 14 416 321 87 66 19 21 154 148 8 6,274 5,283 (a) 640 618 (b) 372 346 (c) 1 2 (71) 7,287 6,178 130

6. 12 (2) 1 (1) 13 268 2 165 533 29 1,381 1,471 3,385 3,004 1,146 1,051 24 (60) (a) 131

6. (d) 7. 87 151 77 94 439 200 (11) 592 445 133

8. 622 383622G 327 650 48 54 644 848 527 163 2,040 2,531 430 595 163 225 58 52 230 310 80 72 3,404 4,564 1,143 936 195 402 47 66 710 195 494 47 66 802 172 516 47 66 801 562 1,412 141 198 2,313 134

8. 41 319 11 16 387 41 309 11 16 377 82 628 22 32 764 60 60 60 60 60 60 147 147 327 327 327 644 2,040 163 230 3,404 278 278 101 152 29 40 322 426 29 40 495 527 430 58 80 1095 48 48 48 527 430 58 80 1,143 135

8. 186 209 45 62 502 173 588 45 62 868 359 797 90 124 1,370 163 576 45 62 846 163 563 45 62 833 163 595 45 62 865 489 1,734 135 186 2,544 164 164 166 166 155 155 165 165 650 650 650 848 2,531 225 310 4,564 163 595 52 72 882 54 54 54 163 595 52 72 936 136

8. 9. 8 3,898 3,366 5,530 7,545 551 449 9,979 11,360 1,500,0012,000,000 4 1 2,000,0012,500,000 1 4 5 5 137

10. 1,300 1,325 (159) (49) 1,141 1,276 (a) 15% 25% (b) 16.5% (c) 12 138

10. % % 15,775 15,731 25% 25% 3,944 25.0 3,933 25.0 (259) (1.6) (240) (1.5) (3,538) (22.4) (3,059) (19.4) 50 0.3 29 0.2 944 6.0 613 3.9 1,141 7.3 1,276 8.2 139

10. 222 197 (25) (74) 1,542 1,248 (294) (152) 325 288 (37) (44) 146 179 33 (26) 118 215 163 (52) (163) 70 59 (11) 11 2,520 2,134 (386) (330) (90) (103) (13) (13) (99) 99 (1,366) (1,199) 167 280 (1,555) (1,302) 253 267 (133) (63) (159) (49) 26 (14) (133) (63) 140

10. 12 450 310 12 2,070 1,824 2,520 2,134 12 (1,541) (1,282) 12 (14) (20) (1,555) (1,302) 965 832 11. 0.25 0.23 2,154 1,982 0.332,8410.20 1,723 141

11. (i) (ii) (i) (ii) 10% 25% (iii) 142

12. 14,063 13,345 8,616 8,616 163.22 154.89 143

13. 1,027 20,314 2,210 23,551 (288) (9,390) (9,678) 739 10,924 2,210 13,873 739 10,924 2,210 13,873 13 569 2,645 3,227 (2) (5) (7) (22) (36) (4) (62) 79 2,139 (2,218) (268) (268) (57) (1,701) (1,758) 750 11,622 2,633 15,005 1,091 22,724 2,633 26,448 (341) (11,102) (11,443) 750 11,622 2,633 15,005 144

13. 1,077 17,749 2,436 21,262 (328) (8,005) (8,333) 749 9,744 2,436 12,929 749 9,744 2,436 12,929 11 463 2,100 2,574 5 66 71 (16) (8) (3) (27) 45 2,278 (2,323) (2) (2) (55) (1,617) (1,672) 739 10,924 2,210 13,873 1,027 20,314 2,210 23,551 (288) (9,390) (9,678) 739 10,924 2,210 13,873 145

14. 1,707 1,336 1,180 834 5,057 52 884 102 1,038 122 (149) 27 (5) (5) 1,881 1,336 1,915 958 6,090 491 276 560 1,327 256 79 81 416 (2) (2) 747 355 639 1,741 112 112 112 112 1,104 1,060 1,180 274 3,618 1,022 981 1,915 319 4,237 146

14. 844 1,336 1,060 674 3,914 390 593 156 1,139 4 4 473 (473) 1,707 1,336 1,180 834 5,057 294 197 513 1,004 197 79 45 321 2 2 491 276 560 1,327 112 112 112 112 438 1,139 1,060 161 2,798 1,104 1,060 1,180 274 3,618 147

15. 1,798 1,798 (35) 1,763 1,798 13%-15%13%-15% 16. 9,200,000,000 55 1,224,700,000 75 3,500,000,000 100 200,000,000 95 2.6 90,580,000 90.07 155,000,000 100 148

16. 343,314,200 75.08 100,000,000 50 289,900,700 50 50 149

16. 62,920 53,474 62,317 51,597 603 1,877 20,679 18,673 2,993 2,602 17,686 16,071 18,289 17,948 114,587 115,443 2,120 3,224 (420) (654) 1,700 2,570 93 (28) 1,793 2,542 2 11 150

17. 39,858 40,549 40,549 39,166 50 1,518 13,598 11,602 26 (8) (33) 92 (46) (14,283) (11,823) (3) 2 39,858 40,549 151

17. 16,700,000,000 50.00 7,000,000,000 50.00 560,000,000 50.00 121,583,517 50.00 62,500,000 44.00 4,706,303,466 50.00 1,000,000,000 50.00 152

17. (i) 29,982 21,066 12,986 8,941 24,682 17,438 67,418 63,075 5,048 6,212 17,899 18,316 97,400 84,141 18,034 15,153 42,581 35,754 44,009 42,404 21,911 23,728 9,375 8,923 141,409 126,545 39,945 38,881 51,956 44,677 (621) (481) (3,930) (84,161) (69,708) (21,273) (22,668) (37,044) (31,713) (84,782) (70,189) (25,203) (22,668) (37,044) (31,713) (25) (58) (360) (6,805) (4,565) (2,243) (1,743) (2,098) (1,667) (6,830) (4,623) (2,243) (2,103) (2,098) (1,667) (91,612) (74,812) (27,446) (24,771) (39,142) (33,380) (8,541) (8,226) 41,256 43,507 12,499 14,110 12,814 11,297 153

17. (ii) 169,144 160,118 34,326 47,397 94,447 79,622 (4,751) (4,207) (2,375) (2,130) (969) (1,065) 1,077 638 287 496 445 228 (20) (44) (24) (38) 20,872 18,880 (246) 2,276 13,869 9,830 (5,134) (4,762) 106 (449) (3,512) (2,600) 15,738 14,118 (140) 1,827 10,357 7,230 (1,878) (1,557) 34 13,894 12,561 (140) 1,827 10,357 7,230 8,039 5,593 735 847 4,420 4,586 154

17. 43,507 42,132 14,110 13,977 11,297 10,542 15,737 14,118 (140) 1,826 10,357 7,230 34 (16,078) (11,186) (1,471) (1,693) (8,840) (9,172) (1,877) (1,557) (67) 2,697 41,256 43,507 12,499 14,110 12,814 11,297 (50%) 20,628 21,754 6,250 7,055 6,407 5,649 277 277 20,628 21,754 6,527 7,332 6,407 5,649 155

17. 1,560 793 5 (6) 1,565 787 6,296 5,814 18. 14,614 12,598 156

18. # 35.00 # 25.00 (PSA) 12.23 # 800 6,801 (PSA) PSA PSA 157

18. 2,207 1,897 12,598 10,525 4 2,207 1,897 (348) 32 (64) 10 (6) (54) (445) (60) 668 248 14, 614 12,598 19. 23(b) 13,016 9,050 (a) 3,029 2,135 (b) 2,000 3,000 212 192 18,257 14,377 (a) (b) 20 20 0 10 158

20. 1,780 1,272 612 446 7,815 7,017 10,207 8,735 21. 30 180 30 180 3,929 2,071 1,536 1,844 535 223 6,000 4,138 159

21. 583 229 37 360 (7) (6) 613 583 513 2016 535 608 2016 660 3,929 2,071 512 615 4,441 2,686 160

21. 171 299 76 74 12 14 259 387 22. 14,605 15,416 23. 1,872 2,155 (a) 2,291 1,322 (c) 1,000 (b) 21,448 16,728 26,611 20,205 161

23. (a) 87 63 (5) 24 (1) 81 87 (b) 2.28%-15.00% 34,577 26,085 (113) (307) 34,464 25,778 (21,448) (16,728) 19 13,016 9,050 307 260 133 149 (327) (102) 113 307 162

23. (b) 627 805 7 10 19 24 653 839 (c) 10 0 24. 1,152 111 7,968 3,875 (a) 4,453 4,686 13,573 8,672 (13,573) (8,672) (b) 8,631 2,783 (a) 4,989 5,746 13,620 8,529 (13,620) (8,529) 163

24. (a) (b) 25. 174 174 164

26. 18,070 17,998 25,791 19,498 23(c) 1,000 19(b) 2,000 3,000 46,861 40,496 (10,511) (6,645) 23(c) (1,000) 19(b) (2,000) (3,000) 33,350 30,851 (1,800) (1,127) 31,550 29,724 22 165 165

27. 5,760,388,0005,760,388,000 5,760 5,760 1.00 2,855,732,0002,855,732,000 1.00H 2,856 2,856 8,616 8,616 28. (%) (%) 2.00 4.35 2018 2,394 2.20 4.35 2017 1,089 1.60 2018 3,897 8,207 6,221 14,498 7,310 1.82 2022 2,273 1.76 2022 2,850 1.82 5.00 2018-2022 125 1.66 4.75 2018-2019 593 1.60 2018 3,644 2,398 7,087 16,896 14,397 166

28. 43.5036.20 5 100,000 3 1.6% 4,309 2,957 167

28. 2,394 1,089 136 387 206 2,262 2,850 4,792 4,532 3,897 3,644 3,897 3,644 8,207 6,221 16,896 14,397 168

28. 10,683 7,766 6,213 6,631 16,896 14,397 29. 652 674 1,285 1,085 1,937 1,759 113 1,413 1,526 1,471 1,471 (4) (1,234) (1,238) 109 1,650 1,759 1,381 1,381 (20) (1,183) (1,203) 89 1,848 1,937 169

29. (a) (b) 30. 554 408 (90) 872 20 (121) 771 170

31. 19,203 19,856 1,696 1,219 613 426 21,512 21,501 335 307 57 8 31 49 423 364 32. 21,526 14,867 171

33. 2,980 3,964 1,879 1,694 12,555 10,548 17,414 16,206 176 142 135 234 311 376 43 198 172

34. 33,350 30,851 (14,498) (7,310) (2,398) (7,087) 16,454 16,454 31,912 (6,951) (7,565) 17,396 (1,061) (264) 535 (790) (38) (114) (152) (57) 57 30,851 (7,310) (7,087) 16,454 2,499 (3,094) 1,046 451 (43) (408) (451) (4,051) 4,051 33,350 (14,498) (2,398) 16,454 (i) 173

35. (a) 191 165 684 672 5,068 5,294 5,943 6,131 (b) 35(a) 1,755 1,929 174

36. (a) (i) 860 658 16,611 13,197 160 178 3,728 2,389 182 14 21,541 16,436 (i) 34,654 41,997 (i) 574 519 (i) 18 42 157 213 53 380 228 635 129 121 175

36. (a) (i) 386 356 280 272 1 226 171 893 799 (i) 384 346 4,159 2,737 2 88 92 1 14 4,634 3,189 (i) 4,676 3,682 783 1,027 50 48 1,321 574 6,830 5,331 176

36. (a) (i) 5 63 172 8 3 76 175 (i) 42 54 139 30 181 84 (i) 79 9 14 12 2 95 21 (i) 3 9 9 9 12 253 283 177

36. (a) (i) (b) (i) 21 23 26 28 31 33 (ii) 24 (c) 4,237 5,118 310 382 4,547 5,500 8 178

37. 174 174 18,045 18,045 6,000 6,000 14,605 14,605 23,739 23,739 11,472 11,472 10,511 10,511 33,350 33,350 117,722 174 117,896 21,512 21,526 11,753 13,327 16,896 714 85,728 179

37. 174 174 14,185 14,185 4,138 4,138 15,416 15,416 17,545 17,545 7,182 7,182 6,645 6,645 30,851 30,851 95,962 174 96,136 21,501 14,867 9,134 8,529 14,397 580 69,008 180

38. (a) 1. 2 3 2,3987,078 (b) 6,213 6,631 181

38. (b) 5% 233 272 5% (233) (272) (c) 182

38. (c) (d) 14,497 136 2,263 16,896 21,512 21,512 21,526 21,526 10,810 591 200 84 11,685 13,327 13,327 81,672 727 2,463 84 84,946 183

38. (d) 7,317 4,031 199 2,850 14,397 21,501 21,501 14,867 14,867 9,283 695 177 42 10,197 8,529 8,529 61,497 4,726 376 2,892 69,491 (e) 184

38. (e) 16,896 14,397 (33,350) (30,851) (16,454) (16,454) 108,201 96,726-15.21% -17.01% 39. 0.252,154 100% 185

40. 3,369 3,346 288 295 862 884 12,619 12,337 16,268 16,268 595 595 68 68 2,000 3,000 36,069 36,793 1,345 1,446 2,147 1,021 759 869 3,455 1,479 8,103 4,464 4,295 2,497 25,416 25,885 45,520 37,661 81,589 74,454 8,616 8,616 10,665 9,517 53,676 45,728 72,957 63,861 186

40. 250 56 57 276 262 81 86 413 655 3,807 5,034 666 1,069 2,409 2,467 732 663 250 370 211 211 144 124 8,219 9,938 8,632 10,593 81,589 74,454 187

40. 1,363 6,976 37,309 45,648 11,320 11,320 1,178 (1,178) (1,723) (1,723) 2,541 6,976 45,728 55,245 11,939 11,939 1,148 (1,148) (2,843) (2,843) 3,689 6,976 53,676 64,341 (a) 10% 50% 25% 188

40. (b) 11 41. 189

125,016 122,535 126,566 83,114 37,263 (108,904) (105,020) (109,637) (72,297) (32,582) 16,112 17,515 16,929 10,817 4,681 2,775 2,201 1,897 1,565 1,281 (7,270) (7,634) (7,144) (4,168) (2,268) (4,608) (3,767) (3,691) (3,359) (2,179) (6,423) (5,701) (5,834) (3,490) (2,062) (592) (445) 189 503 (170) 13,574 11,665 10,422 10,664 11,176 2,207 1,897 1,297 2,089 253 15,775 15,731 14,065 14,621 10,712 (1,141) (1,276) (1,353) (1,364) (109) 14,634 14,455 12,712 13,257 10,603 14,063 13,345 11,550 12,797 10,528 571 1,110 1,162 460 75 14,634 14,455 12,712 13,257 10,603 190

212,492 185,079 160,786 146,977 115,998 (97,496) (81,441) (69,302) (71,541) (51,964) (6,795) (6,912) (6,834) (1,621) (899) 108,201 96,726 84,650 73,815 63,135 191

1 430056. 1. 2. 3. 4. 5. 6. 7. 192

. 8. 1 2 3 4 5 193

6 7 194

9. 20% H 20%H (A) (a) (c) H (b) (a) (c) (a) H H20% (i)(ii) 195

(d) (i) (ii) 12 (iii) (B) (A)(a) 196

1. (1) H H H 18317 1712-1716 (2) H H H 18317 1712-1716 2. (1) (2) (3) 24 H H (4) 197

3. (1) (2) (3) H H 4. (1) (2) H 18317 1712 1716 (852) 2862 8628 (852) 2529 6087 (3) 1 430056 (8627) 8428 5274 (8627) 8428 5057 (4) 198

1. 2017 2017 2. 2017 3. 2017 4. 201721.540.25 5. 2018 2018 6. 2018 2018 2018 199

1. H 20% H 2. H 200

2018. 2018 1. 6 12 4 201

2. 3,000 2,000 3,000 202

. 2018 203

1 2 3 204

4 5 6 205

7 206

207

571 208