Common use of CAPITAL MANAGEMENT Clause in Contracts

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 2019, the group of Company's debt-to-equity ratio was 0.51:1 (as at December 31, 2018 0.47:1) and the Company’s debt-to-equity ratio was 0.38:1 (as at December 31, 2017 0.35:1)

CAPITAL MANAGEMENT. The primary objective of the Company’s Company and its subsidiaries’ capital management is are to ensure that it has an appropriate financial structure and preserves preserve the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20192021 and 2020, the group of Company's debt-to-equity ratio was 0.51:1 (as at December 31, 2018 0.47:1) and the CompanyGroup’s debt-to-equity ratio was 0.38:1 (as at December 310.51 : 1 and 0.44 : 1, 2017 0.35:1)respectively and the Company’s was 0.49 : 1 and 0.43 : 1, respectively.

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the separate statement of financial position as at December 31, 2019, 2019 Group has the group of Company's debt-to-debt o equity ratio was 0.51:1 3.43 : 1 (as at December 31, 2018 0.47:1: 3.35 : 1) and the Company’s debt-to-Company only has the debt to equity ratio was 0.38:1 2.94 : 1 (as at December 31, 2017 0.35:12018 : 3.88 : 1)

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20192018, the group of CompanyGroup's debt-to-to- equity ratio was 0.51:1 (as at December 31, 2018 0.47:1) and the Company’s debt-to-equity ratio was 0.38:1 0.66 : 1 (as at December 31, 2017 0.35:1was 0.64 : 1) and the Company's was 0.53 : 1 (as at December 31, 2017 was 0.51: 1).

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 2020 and 2019, the group of Company's debt-to-equity ratio was 0.51:1 (as at December 310.19 : 1 and 0.18 : 1, 2018 0.47:1) and the Company’s debt-to-equity ratio was 0.38:1 (as at December 31, 2017 0.35:1)respectively.

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20192021 and 2020, the group of Company's debt-to-equity ratio was 0.51:1 (as at December 310.26 : 1 and 0.19 : 1, 2018 0.47:1) and the Company’s debt-to-equity ratio was 0.38:1 (as at December 31, 2017 0.35:1)respectively.

CAPITAL MANAGEMENT. The primary objective of the Company’s Company and its subsidiaries’ capital management is are to ensure that it has an appropriate financial structure and preserves preserve the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20192019 and 2018, the group of Company's debt-to-equity ratio was 0.51:1 (as at December 31, 2018 0.47:1) and the CompanyGroup’s debt-to-equity ratio was 0.38:1 (as at December 310.60 : 1 and 0.65 : 1, 2017 0.35:1)respectively and the Company’s was 0.60 : 1 and 0.64 : 1, respectively.

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 2019, the group of CompanyGroup's debt-to-to- equity ratio was 0.51:1 0.90 : 1 (as at December 31, 2018 0.47:1was 0.66 : 1) and the Company’s debt-to-equity ratio 's was 0.38:1 0.87 : 1 (as at December 31, 2017 0.35:12018 was 0.53: 1).

CAPITAL MANAGEMENT. The primary objective of the Company’s Company and its subsidiaries’ capital management is are to ensure that it has an appropriate financial structure and preserves preserve the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20192017, the group of Company's debt-to-equity ratio was 0.51:1 (as at December 31, 2018 0.47:1) and the CompanyGroup’s debt-to-equity ratio was 0.38:1 (as at December 310.92 : 1 and 0.64 : 1, 2017 0.35:1)respectively and the Company’s was 0.92 : 1 and 0.63 : 1, respectively.

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20192014, the group of Company's debt-to-equity ratio was 0.51:1 0.62 : 1 (as at December 31, 2018 0.47:12013 0.49 : 1) and the Company’s debt-to-equity ratio was 0.38:1 0.62 : 1 (as at December 31December, 2017 0.35:12013 0.49 : 1)

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management of the Group is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at March 31, 2021 and December 31, 20192020, the group of Company's consolidated financial statements debt-to-equity ratio was 0.51:1 0.59 : 1 and 0.62 : 1, respectively. (as at December 31Separate financial statements 0.58 : 1 and 0.63 : 1, 2018 0.47:1) and the Company’s debt-to-equity ratio was 0.38:1 (as at December 31, 2017 0.35:1respectively)

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31June 30, 20192021, the group of CompanyCompany and it subsidiary's debt-to-equity ratio was 0.51:1 0.56 : 1 (as at December 31, 2018 0.47:12020, 0.59 : 1) and the Company’s debt-to-equity ratio was 0.38:1 0.45 : 1 (as at December 31, 2017 0.35:12020, 0.47 : 1).

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management of the Company is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20192019 and 2018, the group of Company's debt-to-equity ratio was 0.51:1 (as at December 310.66 : 1 and 1.06 : 1, 2018 0.47:1) and the Company’s debt-to-equity ratio was 0.38:1 (as at December 31, 2017 0.35:1)respectively.

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20192020, the group of CompanyGroup's debt-to-to- equity ratio was 0.51:1 0.68 : 1 (as at December 31, 2018 0.47:12019 was 0.40 : 1) and the Company’s debt-to-equity ratio 's was 0.38:1 0.74 : 1 (as at December 31, 2017 0.35:12019 was 0.50 : 1).

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31September 30, 20192020, the group of Company's debt-to-equity ratio was 0.51:1 0.53 : 1 (as at December 31, 2018 0.47:12019, 0.51 : 1) and the Company’s debt-to-equity ratio was 0.38:1 0.41 : 1 (as at December 31, 2017 0.35:12019, 0.38 : 1).

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20192022, the group of CompanyGroup's debt-to-to- equity ratio was 0.51:1 0.70 : 1 (as at December 31, 2018 0.47:12021 was 0.86 : 1) and the Company’s debt-to-equity ratio 's was 0.38:1 0.63 : 1 (as at December 31, 2017 0.35:12020 was 0.76 : 1).

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20192020, the group of CompanyGroup's debt-to-to- equity ratio was 0.51:1 0.99 : 1 (as at December 31, 2018 0.47:12019 was 0.89 : 1) and the Company’s debt-to-equity ratio 's was 0.38:1 0.80 : 1 (as at December 31, 2017 0.35:12019 was 0.87: 1).

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20192018, the group of Company's debt-to-equity ratio was 0.51:1 0.47:1 (as at December 31, 2018 0.47:12017 0.51:1) and the Company’s debt-to-equity ratio was 0.38:1 0.35:1 (as at December 31, 2017 0.35:10.41:1)

CAPITAL MANAGEMENT. The primary objective of the Company’s capital management of the Company and its subsidiaries is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 20192014, the group of CompanyGroup's debt-to-to- equity ratio was 0.51:1 0.98 : 1 (as at December 31, 2018 0.47:12013 was 1.13 : 1) and the Company’s debt-to-equity ratio 's was 0.38:1 0.75 : 1 (as at December 31, 2017 0.35:12013 was 0.85 : 1).