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Associates



               (W6) Investment in associate




                                                                      $m
                 Cost of investment                                    X
                 P's % of A’s post-acquisition reserves                X        These adjustments
                 Impairment of investment in associate                 X        reflect the associate
                 PURP adjustment                                      (X)       adjustments within (W5)
                                                                     ––––
                                                                       X
                                                                     ––––




























































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