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BT 10.079 0 0 10.079 319.65 651.9301 Tm 0 g ($)Tj ET 0.934 g 324.69 694.89 15.84 -44.88 re f BT 10.079 0 0 10.079 324.69 651.9301 Tm 0 g (\(5.8)Tj ET 0.934 g 340.77 694.89 12.96 -44.88 re f BT 10.079 0 0 10.079 340.77 651.9301 Tm 0 g (\))Tj ET 0.934 g 353.97 694.89 17.28 -44.88 re f BT 10.079 0 0 10.079 353.97 651.9301 Tm 0 g ( )Tj ET 0.934 g 371.49 694.89 5.04 -44.88 re f BT 10.079 0 0 10.079 371.73 651.9301 Tm 0 g ($)Tj ET 0.934 g 376.77 694.89 12.48 -44.88 re f BT 10.079 0 0 10.079 378.45 651.9301 Tm 0 g (\(.4)Tj ET 0.934 g 389.49 694.89 8.4 -44.88 re f BT 10.079 0 0 10.079 389.49 651.9301 Tm 0 g (\))Tj ET 0.934 g 398.13 694.89 17.28 -44.88 re f BT 10.079 0 0 10.079 398.13 651.9301 Tm 0 g ( )Tj ET 0.934 g 415.65 694.89 12.96 -44.88 re f BT 10.079 0 0 10.079 423.81 651.9301 Tm 0 g ($)Tj ET 0.934 g 428.85 694.89 20.88 -44.88 re f BT 10.079 0 0 10.079 428.85 651.9301 Tm 0 g (\(32.2)Tj ET 0.934 g 449.97 694.89 17.28 -44.88 re f BT 10.079 0 0 10.079 449.97 651.9301 Tm 0 g (\))Tj ET 0.934 g 467.49 694.89 17.28 -44.88 re f BT 10.079 0 0 10.079 467.49 651.9301 Tm 0 g ( )Tj ET 0.934 g 485.01 694.89 4.8 -44.88 re f BT 10.079 0 0 10.079 485.01 651.9301 Tm 0 g ($)Tj ET 0.934 g 490.05 694.89 17.52 -44.88 re f BT 10.079 0 0 10.079 490.05 651.9301 Tm 0 g (10.1)Tj ET 0.934 g 507.81 694.89 8.64 -44.88 re f BT 10.079 0 0 10.079 507.8099 651.9301 Tm 0 g ( )Tj -40.8848 -1.2144 TD [(Special Items)-14705.4( )-1464.4( )]TJ /F2 1 Tf 23.3117 0 TD ()Tj /F12 1 Tf 1.0001 0 TD 1.4883 Tw [( )428.6( )1214.4(4.7)-12.1( )881.1( )]TJ /F2 1 Tf 9.8343 0 TD 0 Tw ()Tj /F12 1 Tf 1.0001 0 TD 1.4883 Tw [( )738.2(8.0)-12.1( )]TJ -35.1462 -1.1192 TD 19.871 Tc 0 Tw [( )18406.6( )]TJ ET 0.5 g 324.69 632.25 15.84 -0.48 re f BT 10.079 0 0 10.079 340.77 628.41 Tm 0 g 1.0597 Tc [( )-428.6( )]TJ ET 0.5 g 376.77 632.25 12.48 -0.48 re f BT 10.079 0 0 10.079 389.49 628.41 Tm 0 g 0.6072 Tc [( )-881.1( )]TJ ET 0.5 g 428.85 632.25 20.88 -0.48 re f BT 10.079 0 0 10.079 449.97 628.41 Tm 0 g 1.4883 Tc ( )Tj ET 0.5 g 490.05 632.25 17.52 -0.48 re f BT 10.079 0 0 10.079 507.8099 628.41 Tm 0 g 0 Tc ( )Tj ET 0.934 g 95.73 626.25 202.56 -33.6 re f BT 10.079 0 0 10.079 95.73 617.1301 Tm 0 g (Net Income \(Loss\) Before)Tj 0.7382 -1.1192 TD (Cumulative Effect)Tj T* (of Accounting Change:)Tj ET 0.934 g 298.53 626.25 17.04 -33.6 re f BT 10.079 0 0 10.079 298.53 594.5701 Tm 0 g ( )Tj ET 0.934 g 315.81 626.25 8.64 -33.6 re f BT 10.079 0 0 10.079 315.81 594.5701 Tm 0 g ( )Tj ET 0.934 g 324.69 626.25 15.84 -33.6 re f BT 10.079 0 0 10.079 324.69 594.5701 Tm 0 g ( )Tj ET 0.934 g 340.77 626.25 12.96 -33.6 re f BT 10.079 0 0 10.079 340.77 594.5701 Tm 0 g ( )Tj ET 0.934 g 353.97 626.25 17.28 -33.6 re f BT 10.079 0 0 10.079 353.97 594.5701 Tm 0 g ( )Tj ET 0.934 g 371.49 626.25 5.04 -33.6 re f BT 10.079 0 0 10.079 371.49 594.5701 Tm 0 g ( )Tj ET 0.934 g 376.77 626.25 12.48 -33.6 re f BT 10.079 0 0 10.079 376.77 594.5701 Tm 0 g ( )Tj ET 0.934 g 389.49 626.25 8.4 -33.6 re f BT 10.079 0 0 10.079 389.49 594.5701 Tm 0 g ( )Tj ET 0.934 g 398.13 626.25 17.28 -33.6 re f BT 10.079 0 0 10.079 398.13 594.5701 Tm 0 g ( )Tj ET 0.934 g 415.65 626.25 12.96 -33.6 re f BT 10.079 0 0 10.079 415.65 594.5701 Tm 0 g ( )Tj ET 0.934 g 428.85 626.25 20.88 -33.6 re f BT 10.079 0 0 10.079 428.85 594.5701 Tm 0 g ( )Tj ET 0.934 g 449.97 626.25 17.28 -33.6 re f BT 10.079 0 0 10.079 449.97 594.5701 Tm 0 g ( )Tj ET 0.934 g 467.49 626.25 17.28 -33.6 re f BT 10.079 0 0 10.079 467.49 594.5701 Tm 0 g ( )Tj ET 0.934 g 485.01 626.25 4.8 -33.6 re f BT 10.079 0 0 10.079 485.01 594.5701 Tm 0 g ( )Tj ET 0.934 g 490.05 626.25 17.52 -33.6 re f BT 10.079 0 0 10.079 490.05 594.5701 Tm 0 g ( )Tj ET 0.934 g 507.81 626.25 8.64 -33.6 re f BT 10.079 0 0 10.079 507.8099 594.5701 Tm 0 g ( )Tj -40.8848 -1.2144 TD 0.0119 Tw [( )-6524.5(Amount)-10056.9( )-2071.7( \(5.8)-12.5(\))-976.7( )-1476.4( )-262(4.3)-12.1( )-595.3( )-2524.1( \(32.2)-12.6(\))-1405.3( )-1476.4( )-238.1(18.1)-12.2( )]TJ ET 0.934 g 95.73 579.21 17.04 -11.04 re f BT 10.079 0 0 10.079 95.73 570.0901 Tm 0 g 0 Tw ( )Tj ET 0.934 g 113.01 579.21 185.28 -11.04 re f BT 10.079 0 0 10.079 164.13 570.0901 Tm 0 g (Per Share)Tj ET 0.934 g 298.53 579.21 17.04 -11.04 re f BT 10.079 0 0 10.079 298.53 570.0901 Tm 0 g ( )Tj ET 0.934 g 315.81 579.21 8.64 -11.04 re f BT 10.079 0 0 10.079 322.05 570.0901 Tm 0 g ( )Tj ET 0.934 g 324.69 579.21 15.84 -11.04 re f BT 10.079 0 0 10.079 324.69 570.0901 Tm 0 g (\(.58)Tj ET 0.934 g 340.77 579.21 12.96 -11.04 re f BT 10.079 0 0 10.079 340.77 570.0901 Tm 0 g (\))Tj ET 0.934 g 353.97 579.21 17.28 -11.04 re f BT 10.079 0 0 10.079 353.97 570.0901 Tm 0 g ( )Tj ET 0.934 g 371.49 579.21 5.04 -11.04 re f BT 10.079 0 0 10.079 371.49 570.0901 Tm 0 g ( )Tj ET 0.934 g 376.77 579.21 12.48 -11.04 re f BT 10.079 0 0 10.079 376.77 570.0901 Tm 0 g (.42)Tj ET 0.934 g 389.49 579.21 8.4 -11.04 re f BT 10.079 0 0 10.079 389.49 570.0901 Tm 0 g ( )Tj ET 0.934 g 398.13 579.21 17.28 -11.04 re f BT 10.079 0 0 10.079 398.13 570.0901 Tm 0 g ( )Tj ET 0.934 g 415.65 579.21 12.96 -11.04 re f BT 10.079 0 0 10.079 426.21 570.0901 Tm 0 g ( )Tj ET 0.934 g 428.85 579.21 20.88 -11.04 re f BT 10.079 0 0 10.079 428.85 570.0901 Tm 0 g (\(3.19)Tj ET 0.934 g 449.97 579.21 17.28 -11.04 re f BT 10.079 0 0 10.079 449.97 570.0901 Tm 0 g (\))Tj ET 0.934 g 467.49 579.21 17.28 -11.04 re f BT 10.079 0 0 10.079 467.49 570.0901 Tm 0 g ( )Tj ET 0.934 g 485.01 579.21 4.8 -11.04 re f BT 10.079 0 0 10.079 485.01 570.0901 Tm 0 g ( )Tj ET 0.934 g 490.05 579.21 17.52 -11.04 re f BT 10.079 0 0 10.079 490.05 570.0901 Tm 0 g (1.73)Tj ET 0.934 g 507.81 579.21 8.64 -11.04 re f BT 10.079 0 0 10.079 507.8099 570.0901 Tm 0 g ( )Tj -40.8848 -1.2144 TD (Cumulative Effect on Prior)Tj 0.7382 -1.1192 TD 1.4883 Tw [(Years )1488.3(of )1488.3(Accounting )1488.3(Change:)-7469.9( )23.9( )857.3( )142.9( )428.6( )1214.4( )476.3( )881.1( )428.6( )-357.1( )1238.3( )-23.8( )]TJ ET 0.934 g 95.73 543.45 17.04 -11.04 re f BT 10.079 0 0 10.079 95.73 534.3301 Tm 0 g 0 Tw ( )Tj ET 0.934 g 113.01 543.45 185.28 -11.04 re f BT 10.079 0 0 10.079 164.13 534.3301 Tm 0 g (Amount)Tj ET 0.934 g 298.53 543.45 17.04 -11.04 re f BT 10.079 0 0 10.079 298.53 534.3301 Tm 0 g ( )Tj ET 0.934 g 315.81 543.45 8.64 -11.04 re f BT 10.079 0 0 10.079 315.81 534.3301 Tm 0 g ( )Tj ET 0.934 g 324.69 543.45 15.84 -11.04 re f BT /F2 1 Tf 10.079 0 0 10.079 330.69 534.3301 Tm 0 g ()Tj ET 0.934 g 340.77 543.45 12.96 -11.04 re f BT /F12 1 Tf 10.079 0 0 10.079 340.77 534.3301 Tm 0 g ( )Tj ET 0.934 g 353.97 543.45 17.28 -11.04 re f BT 10.079 0 0 10.079 353.97 534.3301 Tm 0 g ( )Tj ET 0.934 g 371.49 543.45 5.04 -11.04 re f BT 10.079 0 0 10.079 371.49 534.3301 Tm 0 g ( )Tj ET 0.934 g 376.77 543.45 12.48 -11.04 re f BT /F2 1 Tf 10.079 0 0 10.079 379.41 534.3301 Tm 0 g ()Tj ET 0.934 g 389.49 543.45 8.4 -11.04 re f BT /F12 1 Tf 10.079 0 0 10.079 389.49 534.3301 Tm 0 g ( )Tj ET 0.934 g 398.13 543.45 17.28 -11.04 re f BT 10.079 0 0 10.079 398.13 534.3301 Tm 0 g ( )Tj ET 0.934 g 415.65 543.45 12.96 -11.04 re f BT 10.079 0 0 10.079 415.65 534.3301 Tm 0 g ( )Tj ET 0.934 g 428.85 543.45 20.88 -11.04 re f BT 10.079 0 0 10.079 437.25 534.3301 Tm 0 g (9.3)Tj ET 0.934 g 449.97 543.45 17.28 -11.04 re f BT 10.079 0 0 10.079 449.97 534.3301 Tm 0 g ( )Tj ET 0.934 g 467.49 543.45 17.28 -11.04 re f BT 10.079 0 0 10.079 467.49 534.3301 Tm 0 g ( )Tj ET 0.934 g 485.01 543.45 4.8 -11.04 re f BT 10.079 0 0 10.079 485.01 534.3301 Tm 0 g ( )Tj ET 0.934 g 490.05 543.45 17.52 -11.04 re f BT /F2 1 Tf 10.079 0 0 10.079 497.73 534.3301 Tm 0 g ()Tj ET 0.934 g 507.81 543.45 8.64 -11.04 re f BT /F12 1 Tf 10.079 0 0 10.079 507.8099 534.3301 Tm 0 g ( )Tj -40.8848 -1.2144 TD 6.5364 Tw [( Per )6536.4(Share)-9474.9( )5072( )]TJ /F2 1 Tf 23.3117 0 TD 0 Tw ()Tj /F12 1 Tf 1.0001 0 TD 1.0597 Tc [( )-428.6( )]TJ /F2 1 Tf 3.8337 0 TD 0 Tc ()Tj /F12 1 Tf 1.0001 0 TD 1.4883 Tw [( )881.1( )-404.8(.92)-12.1( )]TJ /F2 1 Tf 10.7391 0 TD 0 Tw ()Tj /F12 1 Tf 1.0001 0 TD ( )Tj -40.8848 -1.1192 TD 19.871 Tc [( )18406.6( )]TJ ET 0.5 g 324.69 514.65 15.84 -0.48 re f BT 10.079 0 0 10.079 340.77 510.8101 Tm 0 g 1.0597 Tc [( )-428.6( )]TJ ET 0.5 g 376.77 514.65 12.48 -0.48 re f BT 10.079 0 0 10.079 389.49 510.8101 Tm 0 g 0.6072 Tc [( )-881.1( )]TJ ET 0.5 g 428.85 514.65 20.88 -0.48 re f BT 10.079 0 0 10.079 449.97 510.8101 Tm 0 g 1.4883 Tc ( )Tj ET 0.5 g 490.05 514.65 17.52 -0.48 re f BT 10.079 0 0 10.079 507.8099 510.8101 Tm 0 g 0 Tc ( )Tj ET 0.934 g 95.73 508.65 202.56 -11.04 re f BT 10.079 0 0 10.079 95.73 499.5301 Tm 0 g (Net Income \(Loss\):)Tj ET 0.934 g 298.53 508.65 17.04 -11.04 re f BT 10.079 0 0 10.079 298.53 499.5301 Tm 0 g ( )Tj ET 0.934 g 315.81 508.65 8.64 -11.04 re f BT 10.079 0 0 10.079 315.81 499.5301 Tm 0 g ( )Tj ET 0.934 g 324.69 508.65 15.84 -11.04 re f BT 10.079 0 0 10.079 324.69 499.5301 Tm 0 g ( )Tj ET 0.934 g 340.77 508.65 12.96 -11.04 re f BT 10.079 0 0 10.079 340.77 499.5301 Tm 0 g ( )Tj ET 0.934 g 353.97 508.65 17.28 -11.04 re f BT 10.079 0 0 10.079 353.97 499.5301 Tm 0 g ( )Tj ET 0.934 g 371.49 508.65 5.04 -11.04 re f BT 10.079 0 0 10.079 371.49 499.5301 Tm 0 g ( )Tj ET 0.934 g 376.77 508.65 12.48 -11.04 re f BT 10.079 0 0 10.079 376.77 499.5301 Tm 0 g ( )Tj ET 0.934 g 389.49 508.65 8.4 -11.04 re f BT 10.079 0 0 10.079 389.49 499.5301 Tm 0 g ( )Tj ET 0.934 g 398.13 508.65 17.28 -11.04 re f BT 10.079 0 0 10.079 398.13 499.5301 Tm 0 g ( )Tj ET 0.934 g 415.65 508.65 12.96 -11.04 re f BT 10.079 0 0 10.079 415.65 499.5301 Tm 0 g ( )Tj ET 0.934 g 428.85 508.65 20.88 -11.04 re f BT 10.079 0 0 10.079 428.85 499.5301 Tm 0 g ( )Tj ET 0.934 g 449.97 508.65 17.28 -11.04 re f BT 10.079 0 0 10.079 449.97 499.5301 Tm 0 g ( )Tj ET 0.934 g 467.49 508.65 17.28 -11.04 re f BT 10.079 0 0 10.079 467.49 499.5301 Tm 0 g ( )Tj ET 0.934 g 485.01 508.65 4.8 -11.04 re f BT 10.079 0 0 10.079 485.01 499.5301 Tm 0 g ( )Tj ET 0.934 g 490.05 508.65 17.52 -11.04 re f BT 10.079 0 0 10.079 490.05 499.5301 Tm 0 g ( )Tj ET 0.934 g 507.81 508.65 8.64 -11.04 re f BT 10.079 0 0 10.079 507.8099 499.5301 Tm 0 g ( )Tj -40.8848 -1.2144 TD 0.0119 Tw [( )-6524.5(Amount)-10056.9( )-2071.7( \(5.8)-12.5(\))-976.7( )-1476.4( )-262(4.3)-12.1( )-595.3( )-2524.1( \(22.9)-12.6(\))-1405.3( )-1476.4( )-238.1(18.1)-12.2( )]TJ ET 0.934 g 95.73 484.17 17.04 -11.04 re f BT 10.079 0 0 10.079 95.73 475.0501 Tm 0 g 0 Tw ( )Tj ET 0.934 g 113.01 484.17 185.28 -11.04 re f BT 10.079 0 0 10.079 164.13 475.0501 Tm 0 g (Per Share)Tj ET 0.934 g 298.53 484.17 17.04 -11.04 re f BT 10.079 0 0 10.079 298.53 475.0501 Tm 0 g ( )Tj ET 0.934 g 315.81 484.17 8.64 -11.04 re f BT 10.079 0 0 10.079 322.05 475.0501 Tm 0 g ( )Tj ET 0.934 g 324.69 484.17 15.84 -11.04 re f BT 10.079 0 0 10.079 324.69 475.0501 Tm 0 g (\(.58)Tj ET 0.934 g 340.77 484.17 12.96 -11.04 re f BT 10.079 0 0 10.079 340.77 475.0501 Tm 0 g (\))Tj ET 0.934 g 353.97 484.17 17.28 -11.04 re f BT 10.079 0 0 10.079 353.97 475.0501 Tm 0 g ( )Tj ET 0.934 g 371.49 484.17 5.04 -11.04 re f BT 10.079 0 0 10.079 371.49 475.0501 Tm 0 g ( )Tj ET 0.934 g 376.77 484.17 12.48 -11.04 re f BT 10.079 0 0 10.079 376.77 475.0501 Tm 0 g (.42)Tj ET 0.934 g 389.49 484.17 8.4 -11.04 re f BT 10.079 0 0 10.079 389.49 475.0501 Tm 0 g ( )Tj ET 0.934 g 398.13 484.17 17.28 -11.04 re f BT 10.079 0 0 10.079 398.13 475.0501 Tm 0 g ( )Tj ET 0.934 g 415.65 484.17 12.96 -11.04 re f BT 10.079 0 0 10.079 426.21 475.0501 Tm 0 g ( )Tj ET 0.934 g 428.85 484.17 20.88 -11.04 re f BT 10.079 0 0 10.079 428.85 475.0501 Tm 0 g (\(2.27)Tj ET 0.934 g 449.97 484.17 17.28 -11.04 re f BT 10.079 0 0 10.079 449.97 475.0501 Tm 0 g (\))Tj ET 0.934 g 467.49 484.17 17.28 -11.04 re f BT 10.079 0 0 10.079 467.49 475.0501 Tm 0 g ( )Tj ET 0.934 g 485.01 484.17 4.8 -11.04 re f BT 10.079 0 0 10.079 485.01 475.0501 Tm 0 g ( )Tj ET 0.934 g 490.05 484.17 17.52 -11.04 re f BT 10.079 0 0 10.079 490.05 475.0501 Tm 0 g (1.73)Tj ET 0.934 g 507.81 484.17 8.64 -11.04 re f BT 10.079 0 0 10.079 507.8099 475.0501 Tm 0 g ( )Tj -20.2638 -2.6907 TD (2)Tj ET endstream endobj 7 0 obj << /Type /Page /Parent 38 0 R /Resources 8 0 R /Contents 9 0 R /MediaBox [ 0 0 612 1008 ] /CropBox [ 0 0 612 1008 ] /Rotate 0 >> endobj 8 0 obj << /ProcSet [ /PDF /Text ] /Font << /F2 57 0 R /F6 56 0 R /F12 34 0 R >> /ExtGState << /GS1 61 0 R >> >> endobj 9 0 obj << /Length 3149 >> stream 1 g /GS1 gs 1 i 18.21 989.85 575.76 -327.12 re f BT /F12 1 Tf 12 0 0 12 25.65 979.05 Tm 0 g 0 Tc 0 Tw ( )Tj 10.079 0 0 10.079 25.65 953.13 Tm ( The lower results in 2001 were primarily due to the Company)Tj /F2 1 Tf 25.9666 0 TD ()Tj /F12 1 Tf 0.333 0 TD (s decision to curtail production to match lower sales volume and )Tj -26.2996 -1.1191 TD (control inventory, along with higher fixed operating costs. Iron ore pellet sales in the fourth quarter of 2001 were 2.7 millio)Tj 49.3495 0 TD (n tons )Tj -49.3495 -1.1192 TD (compared with 2.6 million tons in 2000. Sales for the year were 8.4 million tons in 2001 versus 10.4 million tons in 2000. Fixe)Tj 50.7174 0 TD (d costs )Tj -50.7174 -1.1192 TD (related to 2001 production curtailments, which are included in cost of goods sold and operating expenses, were approximately )Tj T* ($13 million in the fourth quarter and $48 million for the year. Higher employee benefit costs also contributed to the increase )Tj 49.9885 0 TD (in fixed )Tj -49.9885 -1.1191 TD (operating costs. An increased loss from Cliffs and Associates Limited \(CAL\) and higher interest expense also contributed to the)Tj 51.1824 0 TD ( lower )Tj -51.1824 -1.1192 TD (results. )Tj 0 -2.5241 TD ( Fourth quarter and full year 2001 results benefited from gains on the sale of non-strategic assets and a decrease in admin)Tj 49.4575 0 TD (istrative )Tj -49.4575 -1.1191 TD (expenses. Reductions in corporate and operating headcount in 2001 resulted in pre-tax restructuring charges of $2.0 million in )Tj 50.7094 0 TD (the fourth )Tj -50.7094 -1.1191 TD (quarter and $4.8 million for the full year. )Tj /F6 1 Tf 0 -2.5955 TD (Accounting Change in 2001 and Special Items in 2000)Tj /F12 1 Tf 0 -2.5717 TD ( In 2001, Cliffs changed its method of accounting for investment gains and losses on pension assets for the calculation of )Tj 49.6565 0 TD (net periodic )Tj -49.6565 -1.1192 TD (pension cost. This method of accounting, which is consistent with the practices of many other companies with significant pensio)Tj 51.3793 0 TD (n assets, )Tj -51.3793 -1.1191 TD (will result in improved reporting as the method more closely reflects the fair value of its pension assets at the date of repor)Tj 48.9876 0 TD (ting. The )Tj -48.9876 -1.1192 TD (cumulative effect of the accounting change on prior years results was a $14.3 million pre-tax credit to income \($9.3 million af)Tj 50.3754 0 TD (ter-tax\). )Tj -50.3754 -1.1192 TD (This credit was retroactively recognized as of January 1, 2001. The accounting change reduced 2001 pension expense by $.1 milli)Tj 51.9843 0 TD (on. )Tj -51.9843 -2.524 TD ( Special items in 2000 included an after-tax recovery on a business interruption insurance claim of $9.9 million, an after-)Tj 49.3485 0 TD (tax charge to )Tj -49.3485 -1.1192 TD (recognize the decrease in the market value of LTV Corporation shares then owned by the Company of $7.1 million \($.5 million in )Tj 52.3213 0 TD (the )Tj -52.3213 -1.1192 TD (fourth quarter\), and a favorable fourth quarter tax adjustment of $5.2 million pertaining to prior years. )Tj 27.5741 -2.6907 TD (3)Tj ET endstream endobj 10 0 obj << /Type /Page /Parent 38 0 R /Resources 11 0 R /Contents 12 0 R /MediaBox [ 0 0 612 1008 ] /CropBox [ 0 0 612 1008 ] /Rotate 0 >> endobj 11 0 obj << /ProcSet [ /PDF /Text ] /Font << /F2 57 0 R /F6 56 0 R /F12 34 0 R >> /ExtGState << /GS1 61 0 R >> >> endobj 12 0 obj << /Length 13088 >> stream 1 g /GS1 gs 1 i 18.21 989.85 575.76 -458.4 re f BT /F12 1 Tf 12 0 0 12 25.65 979.05 Tm 0 g 0 Tc 0 Tw ( )Tj /F6 1 Tf 10.079 0 0 10.079 25.65 952.41 Tm (Iron Ore Operations)Tj /F12 1 Tf 0 -2.5717 TD ( Iron ore pellet production at Cliffs-managed mines was 5.6 million tons in the fourth quarter of 2001 versus 9.8 million t)Tj 49.5195 0 TD (ons in 2000. )Tj -49.5195 -1.1191 TD (Full year production was 25.4 million tons compared to 41.0 million tons in 2000. The decrease in fourth quarter and full year )Tj 50.6844 0 TD (production )Tj -50.6844 -1.1192 TD (in 2001 was principally due to the permanent closure of LTV Steel Mining Company at the beginning of 2001 and production )Tj T* (curtailments at other mines. Cliffs)Tj /F2 1 Tf 13.6368 0 TD ()Tj /F12 1 Tf 0.333 0 TD ( share of production in the fourth quarter was 1.0 million tons versus 3.0 million tons in 2000, and full )Tj -13.9697 -1.1192 TD (year production was 7.8 million tons versus 11.8 million tons in 2000. At the end of December, Cliffs had 3.0 million tons of p)Tj 50.7714 0 TD (ellets in )Tj -50.7714 -1.1191 TD (inventory compared to 3.3 million tons at December 31, 2000. )Tj 0 -2.5241 TD ( Following is a summary of production tonnages by mine for the year 2001 and 2000: )Tj 12 0 0 12 67.65 831.6901 Tm 1.49 Tc [( )-13920( )400( )1480( )100( )780( )260( )780( )760( )260( )760( )-20( )1480( )680( )1240( )-20( )760( )260( )]TJ 7.439 0 0 7.439 67.65 821.61 Tm 2.5568 Tc [( )-22454.5( )645.2( )2387.4( )161.3( )1258.2( )419.4( )1258.2( )]TJ /F6 1 Tf 44.8122 0.0323 TD 0 Tc (\(Gross Tons in Millions\))Tj /F12 1 Tf 10.9046 -0.0323 TD 2.5891 Tc [( )1258.3( )451.7( )]TJ -55.7169 -1.1292 TD 25.0113 Tc [( )22454.5( )23099.7( )24841.9( )22615.8( )]TJ ET 0.5 g 336.21 813.93 40.56 -0.48 re f 377.01 813.93 83.04 -0.48 re f 460.29 813.93 84 -0.48 re f BT 7.439 0 0 7.439 67.65 804.09 Tm 0 g [( )22454.5( )23099.7( )24841.9( )22615.8( )]TJ /F6 1 Tf 41.8441 0.0323 TD 0 Tc (Total)Tj /F12 1 Tf 8.0978 -0.0323 TD ( )Tj /F6 1 Tf 5.8072 0.0323 TD (Cliffs Share)Tj /F12 1 Tf -55.7491 -1.1614 TD 25.0113 Tc [( )22454.5( )23099.7( )24841.9( )22615.8( )]TJ ET 0.5 g 336.21 796.41 102.72 -0.48 re f BT 7.439 0 0 7.439 439.17 795.6901 Tm 0 g 0 Tc ( )Tj ET 0.5 g 460.29 796.41 84 -0.48 re f BT 7.439 0 0 7.439 67.65 786.5701 Tm 0 g 25.0113 Tc [( )22454.5( )23099.7( )24841.9( )22615.8( )]TJ /F6 1 Tf 37.8113 0.0323 TD 0 Tc (2001)Tj /F12 1 Tf 3.7747 -0.0323 TD ( )Tj /F6 1 Tf 4.549 0.0323 TD (2000)Tj /F12 1 Tf 3.8069 -0.0323 TD ( )Tj /F6 1 Tf 3.2585 0.0323 TD (2001)Tj /F12 1 Tf 2.5165 -0.0323 TD ( )Tj /F6 1 Tf 4.5812 0.0323 TD (2000)Tj /F12 1 Tf -60.2981 -1.1614 TD 25.0113 Tc [( )22454.5( )23099.7( )24841.9( )22615.8( )]TJ ET 0.5 g 336.21 778.89 40.56 -0.48 re f BT 7.439 0 0 7.439 377.01 778.17 Tm 0 g 0 Tc ( )Tj ET 0.5 g 397.89 778.89 41.04 -0.48 re f BT 7.439 0 0 7.439 439.17 778.17 Tm 0 g ( )Tj ET 0.5 g 460.29 778.89 21.6 -0.48 re f BT 7.439 0 0 7.439 482.13 778.17 Tm 0 g ( )Tj ET 0.5 g 503.25 778.89 41.04 -0.48 re f 0.934 g 67.65 776.49 187.68 -11.04 re f BT 10.079 0 0 10.079 67.65 767.37 Tm 0 g (Empire)Tj ET 0.934 g 255.57 776.49 20.64 -11.04 re f BT 10.079 0 0 10.079 255.57 767.37 Tm 0 g ( )Tj ET 0.934 g 276.45 776.49 15.84 -11.04 re f BT 10.079 0 0 10.079 276.45 767.37 Tm 0 g ( )Tj ET 0.934 g 292.53 776.49 2.88 -11.04 re f BT 10.079 0 0 10.079 292.53 767.37 Tm 0 g ( )Tj ET 0.934 g 295.65 776.49 19.44 -11.04 re f BT 10.079 0 0 10.079 295.65 767.37 Tm 0 g ( )Tj ET 0.934 g 315.33 776.49 20.64 -11.04 re f BT 10.079 0 0 10.079 315.33 767.37 Tm 0 g ( )Tj ET 0.934 g 336.21 776.49 11.28 -11.04 re f BT 10.079 0 0 10.079 336.21 767.37 Tm 0 g ( )Tj ET 0.934 g 347.73 776.49 17.52 -11.04 re f BT 10.079 0 0 10.079 352.77 767.37 Tm 0 g (5.7)Tj ET 0.934 g 365.49 776.49 11.28 -11.04 re f BT 10.079 0 0 10.079 365.49 767.37 Tm 0 g ( )Tj ET 0.934 g 377.01 776.49 20.64 -11.04 re f BT 10.079 0 0 10.079 377.01 767.37 Tm 0 g ( )Tj ET 0.934 g 397.89 776.49 11.52 -11.04 re f BT 10.079 0 0 10.079 397.89 767.37 Tm 0 g ( )Tj ET 0.934 g 409.65 776.49 17.52 -11.04 re f BT 10.079 0 0 10.079 414.69 767.37 Tm 0 g (7.6)Tj ET 0.934 g 427.41 776.49 11.52 -11.04 re f BT 10.079 0 0 10.079 427.41 767.37 Tm 0 g ( )Tj ET 0.934 g 439.17 776.49 20.88 -11.04 re f BT 10.079 0 0 10.079 439.17 767.37 Tm 0 g ( )Tj ET 0.934 g 460.29 776.49 2.88 -11.04 re f BT 10.079 0 0 10.079 460.29 767.37 Tm 0 g ( )Tj ET 0.934 g 463.41 776.49 12.48 -11.04 re f BT 10.079 0 0 10.079 463.41 767.37 Tm 0 g (1.7)Tj ET 0.934 g 476.13 776.49 5.76 -11.04 re f BT 10.079 0 0 10.079 476.13 767.37 Tm 0 g ( )Tj ET 0.934 g 482.13 776.49 20.88 -11.04 re f BT 10.079 0 0 10.079 482.13 767.37 Tm 0 g ( )Tj ET 0.934 g 503.25 776.49 11.52 -11.04 re f BT 10.079 0 0 10.079 503.25 767.37 Tm 0 g ( )Tj ET 0.934 g 515.01 776.49 17.52 -11.04 re f BT 10.079 0 0 10.079 520.0499 767.37 Tm 0 g (1.8)Tj ET 0.934 g 532.77 776.49 11.52 -11.04 re f BT 10.079 0 0 10.079 532.77 767.37 Tm 0 g ( )Tj -46.1473 -1.2144 TD 1.8216 Tw [(Hibbing)-15366.9( )476.2( )1762( )119( )428.6(6.1)-12.1( )928.6( )404.8(8.2)-12.1( )904.8( )-23.8( )1262(.2)-12( )1476.3( )-23.8( )404.8(1.2)-12.1( )]TJ ET 0.934 g 67.65 752.01 187.68 -11.04 re f BT 10.079 0 0 10.079 67.65 742.8901 Tm 0 g 0 Tw (LTV Steel Mining)Tj ET 0.934 g 255.57 752.01 20.64 -11.04 re f BT 10.079 0 0 10.079 255.57 742.8901 Tm 0 g ( )Tj ET 0.934 g 276.45 752.01 15.84 -11.04 re f BT 10.079 0 0 10.079 276.45 742.8901 Tm 0 g ( )Tj ET 0.934 g 292.53 752.01 2.88 -11.04 re f BT 10.079 0 0 10.079 292.53 742.8901 Tm 0 g ( )Tj ET 0.934 g 295.65 752.01 19.44 -11.04 re f BT 10.079 0 0 10.079 295.65 742.8901 Tm 0 g ( )Tj ET 0.934 g 315.33 752.01 20.64 -11.04 re f BT 10.079 0 0 10.079 315.33 742.8901 Tm 0 g ( )Tj ET 0.934 g 336.21 752.01 11.28 -11.04 re f BT 10.079 0 0 10.079 336.21 742.8901 Tm 0 g ( )Tj ET 0.934 g 347.73 752.01 17.52 -11.04 re f BT /F2 1 Tf 10.079 0 0 10.079 355.41 742.8901 Tm 0 g ()Tj ET 0.934 g 365.49 752.01 11.28 -11.04 re f BT /F12 1 Tf 10.079 0 0 10.079 365.49 742.8901 Tm 0 g ( )Tj ET 0.934 g 377.01 752.01 20.64 -11.04 re f BT 10.079 0 0 10.079 377.01 742.8901 Tm 0 g ( )Tj ET 0.934 g 397.89 752.01 11.52 -11.04 re f BT 10.079 0 0 10.079 397.89 742.8901 Tm 0 g ( )Tj ET 0.934 g 409.65 752.01 17.52 -11.04 re f BT 10.079 0 0 10.079 414.69 742.8901 Tm 0 g (7.8)Tj ET 0.934 g 427.41 752.01 11.52 -11.04 re f BT 10.079 0 0 10.079 427.41 742.8901 Tm 0 g ( )Tj ET 0.934 g 439.17 752.01 20.88 -11.04 re f BT 10.079 0 0 10.079 439.17 742.8901 Tm 0 g ( )Tj ET 0.934 g 460.29 752.01 2.88 -11.04 re f BT 10.079 0 0 10.079 460.29 742.8901 Tm 0 g ( )Tj ET 0.934 g 463.41 752.01 12.48 -11.04 re f BT /F2 1 Tf 10.079 0 0 10.079 466.05 742.8901 Tm 0 g ()Tj ET 0.934 g 476.13 752.01 5.76 -11.04 re f BT /F12 1 Tf 10.079 0 0 10.079 476.13 742.8901 Tm 0 g ( )Tj ET 0.934 g 482.13 752.01 20.88 -11.04 re f BT 10.079 0 0 10.079 482.13 742.8901 Tm 0 g ( )Tj ET 0.934 g 503.25 752.01 11.52 -11.04 re f BT 10.079 0 0 10.079 503.25 742.8901 Tm 0 g ( )Tj ET 0.934 g 515.01 752.01 17.52 -11.04 re f BT /F2 1 Tf 10.079 0 0 10.079 522.6899 742.8901 Tm 0 g ()Tj ET 0.934 g 532.77 752.01 11.52 -11.04 re f BT /F12 1 Tf 10.079 0 0 10.079 532.77 742.8901 Tm 0 g ( )Tj -46.1473 -1.2144 TD 1.8216 Tw [(Northshore)-14146( )476.2( )1762( )119( )428.6(2.8)-12.1( )928.6( )404.8(4.3)-12.1( )904.8( )-23.8( )1762(2.8)-12.1( )1476.3( )-23.8( )404.8(4.3)-12.1( )]TJ ET 0.934 g 67.65 727.53 187.68 -11.04 re f BT 10.079 0 0 10.079 67.65 718.41 Tm 0 g 0 Tw (Tilden)Tj ET 0.934 g 255.57 727.53 20.64 -11.04 re f BT 10.079 0 0 10.079 255.57 718.41 Tm 0 g ( )Tj ET 0.934 g 276.45 727.53 15.84 -11.04 re f BT 10.079 0 0 10.079 276.45 718.41 Tm 0 g ( )Tj ET 0.934 g 292.53 727.53 2.88 -11.04 re f BT 10.079 0 0 10.079 292.53 718.41 Tm 0 g ( )Tj ET 0.934 g 295.65 727.53 19.44 -11.04 re f BT 10.079 0 0 10.079 295.65 718.41 Tm 0 g ( )Tj ET 0.934 g 315.33 727.53 20.64 -11.04 re f BT 10.079 0 0 10.079 315.33 718.41 Tm 0 g ( )Tj ET 0.934 g 336.21 727.53 11.28 -11.04 re f BT 10.079 0 0 10.079 336.21 718.41 Tm 0 g ( )Tj ET 0.934 g 347.73 727.53 17.52 -11.04 re f BT 10.079 0 0 10.079 352.77 718.41 Tm 0 g (6.4)Tj ET 0.934 g 365.49 727.53 11.28 -11.04 re f BT 10.079 0 0 10.079 365.49 718.41 Tm 0 g ( )Tj ET 0.934 g 377.01 727.53 20.64 -11.04 re f BT 10.079 0 0 10.079 377.01 718.41 Tm 0 g ( )Tj ET 0.934 g 397.89 727.53 11.52 -11.04 re f BT 10.079 0 0 10.079 397.89 718.41 Tm 0 g ( )Tj ET 0.934 g 409.65 727.53 17.52 -11.04 re f BT 10.079 0 0 10.079 414.69 718.41 Tm 0 g (7.2)Tj ET 0.934 g 427.41 727.53 11.52 -11.04 re f BT 10.079 0 0 10.079 427.41 718.41 Tm 0 g ( )Tj ET 0.934 g 439.17 727.53 20.88 -11.04 re f BT 10.079 0 0 10.079 439.17 718.41 Tm 0 g ( )Tj ET 0.934 g 460.29 727.53 2.88 -11.04 re f BT 10.079 0 0 10.079 460.29 718.41 Tm 0 g ( )Tj ET 0.934 g 463.41 727.53 12.48 -11.04 re f BT 10.079 0 0 10.079 463.41 718.41 Tm 0 g (2.2)Tj ET 0.934 g 476.13 727.53 5.76 -11.04 re f BT 10.079 0 0 10.079 476.13 718.41 Tm 0 g ( )Tj ET 0.934 g 482.13 727.53 20.88 -11.04 re f BT 10.079 0 0 10.079 482.13 718.41 Tm 0 g ( )Tj ET 0.934 g 503.25 727.53 11.52 -11.04 re f BT 10.079 0 0 10.079 503.25 718.41 Tm 0 g ( )Tj ET 0.934 g 515.01 727.53 17.52 -11.04 re f BT 10.079 0 0 10.079 520.0499 718.41 Tm 0 g (3.1)Tj ET 0.934 g 532.77 727.53 11.52 -11.04 re f BT 10.079 0 0 10.079 532.77 718.41 Tm 0 g ( )Tj -46.1473 -1.2144 TD 1.8216 Tw [(Wabush)-15367.9( )476.2( )1762( )119( )428.6(4.4)-12.1( )928.6( )404.8(5.9)-12.1( )904.8( )-23.8( )1262(.9)-12( )1476.3( )-23.8( )404.8(1.4)-12.1( )]TJ 0 -1.1192 TD 1.8216 Tc 0 Tw [( )-16573( )166.7( )119( )]TJ ET 0.5 g 347.73 698.73 17.52 -0.48 re f BT 10.079 0 0 10.079 365.49 694.8901 Tm 0 g 0.893 Tc [( )-928.6( )]TJ ET 0.5 g 409.65 698.73 17.52 -0.48 re f BT 10.079 0 0 10.079 427.41 694.8901 Tm 0 g 0.9168 Tc [( )-928.6( )]TJ ET 0.5 g 463.41 698.73 12.48 -0.48 re f BT 10.079 0 0 10.079 476.13 694.8901 Tm 0 g 0.3453 Tc [( )-1500.1( )]TJ ET 0.5 g 515.01 698.73 17.52 -0.48 re f BT 10.079 0 0 10.079 532.77 694.8901 Tm 0 g 0 Tc ( )Tj ET 0.934 g 67.65 692.73 187.68 -11.04 re f BT 10.079 0 0 10.079 67.65 683.61 Tm 0 g ( )Tj ET 0.934 g 255.57 692.73 20.64 -11.04 re f BT 10.079 0 0 10.079 255.57 683.61 Tm 0 g ( )Tj ET 0.934 g 276.45 692.73 38.64 -11.04 re f BT 10.079 0 0 10.079 285.09 683.61 Tm 0 g (Total)Tj ET 0.934 g 315.33 692.73 20.64 -11.04 re f BT 10.079 0 0 10.079 315.33 683.61 Tm 0 g ( )Tj ET 0.934 g 336.21 692.73 11.28 -11.04 re f BT 10.079 0 0 10.079 336.21 683.61 Tm 0 g ( )Tj ET 0.934 g 347.73 692.73 17.52 -11.04 re f BT 10.079 0 0 10.079 347.73 683.61 Tm 0 g (25.4)Tj ET 0.934 g 365.49 692.73 11.28 -11.04 re f BT 10.079 0 0 10.079 365.49 683.61 Tm 0 g ( )Tj ET 0.934 g 377.01 692.73 20.64 -11.04 re f BT 10.079 0 0 10.079 377.01 683.61 Tm 0 g ( )Tj ET 0.934 g 397.89 692.73 11.52 -11.04 re f BT 10.079 0 0 10.079 397.89 683.61 Tm 0 g ( )Tj ET 0.934 g 409.65 692.73 17.52 -11.04 re f BT 10.079 0 0 10.079 409.65 683.61 Tm 0 g (41.0)Tj ET 0.934 g 427.41 692.73 11.52 -11.04 re f BT 10.079 0 0 10.079 427.41 683.61 Tm 0 g ( )Tj ET 0.934 g 439.17 692.73 20.88 -11.04 re f BT 10.079 0 0 10.079 439.17 683.61 Tm 0 g ( )Tj ET 0.934 g 460.29 692.73 2.88 -11.04 re f BT 10.079 0 0 10.079 460.29 683.61 Tm 0 g ( )Tj ET 0.934 g 463.41 692.73 12.48 -11.04 re f BT 10.079 0 0 10.079 463.41 683.61 Tm 0 g (7.8)Tj ET 0.934 g 476.13 692.73 5.76 -11.04 re f BT 10.079 0 0 10.079 476.13 683.61 Tm 0 g ( )Tj ET 0.934 g 482.13 692.73 20.88 -11.04 re f BT 10.079 0 0 10.079 482.13 683.61 Tm 0 g ( )Tj ET 0.934 g 503.25 692.73 11.52 -11.04 re f BT 10.079 0 0 10.079 503.25 683.61 Tm 0 g ( )Tj ET 0.934 g 515.01 692.73 17.52 -11.04 re f BT 10.079 0 0 10.079 515.0099 683.61 Tm 0 g (11.8)Tj ET 0.934 g 532.77 692.73 11.52 -11.04 re f BT 10.079 0 0 10.079 532.77 683.61 Tm 0 g ( )Tj -46.1473 -1.1191 TD 1.8216 Tc [( )-16573( )166.7( )119( )]TJ ET 0.5 g 347.73 677.37 17.52 -2.88 re f BT 10.079 0 0 10.079 365.49 672.3301 Tm 0 g 0.893 Tc [( )-928.6( )]TJ ET 0.5 g 409.65 677.37 17.52 -2.88 re f BT 10.079 0 0 10.079 427.41 672.3301 Tm 0 g 0.9168 Tc [( )-928.6( )]TJ ET 0.5 g 463.41 677.37 12.48 -2.88 re f BT 10.079 0 0 10.079 476.13 672.3301 Tm 0 g 0.3453 Tc [( )-1500.1( )]TJ ET 0.5 g 515.01 677.37 17.52 -2.88 re f BT 10.079 0 0 10.079 532.77 672.3301 Tm 0 g 0 Tc ( )Tj -50.3143 -2.5241 TD ( Production levels for 2002 continue to be under review; however, the Tilden Mine in Michigan is the only mine currently sc)Tj 50.9334 0 TD (heduled )Tj -50.9334 -1.1192 TD (to operate near capacity. The Empire Mine remains on idle status pending a decision by the two owners, Ispat Inland and Cliffs.)Tj 51.1534 0 TD ( Total )Tj -51.1534 -1.1191 TD (production at the mines in 2002 is currently expected to approximate the 25.4 million tons produced in 2001. )Tj /F6 1 Tf 0 -2.5955 TD (Ferrous Metallics Operations)Tj /F12 1 Tf 0 -2.5717 TD ( A $24.4 million pre-tax loss from CAL in 2001, or $19.3 million net of the minority interest, reflected start-up expenses )Tj 49.5195 0 TD (in the first )Tj -49.5195 -1.1192 TD (half of the year and weak product pricing. In December, 2001, following several months of steadily improving )Tj 27.5741 -2.6907 TD (4)Tj ET endstream endobj 13 0 obj << /Type /Page /Parent 38 0 R /Resources 14 0 R /Contents 15 0 R /MediaBox [ 0 0 612 1008 ] /CropBox [ 0 0 612 1008 ] /Rotate 0 >> endobj 14 0 obj << /ProcSet [ /PDF /Text ] /Font << /F2 57 0 R /F6 56 0 R /F12 34 0 R >> /ExtGState << /GS1 61 0 R >> >> endobj 15 0 obj << /Length 2978 >> stream 1 g /GS1 gs 1 i 18.21 989.85 575.76 -345.36 re f BT /F12 1 Tf 12 0 0 12 25.65 979.05 Tm 0 g 0 Tc 0 Tw ( )Tj 10.079 0 0 10.079 25.65 953.13 Tm (operations, the owners of CAL decided to suspend operations until market fundamentals improve. Holding costs are being reduced )Tj 52.5982 0 TD (to the )Tj -52.5982 -1.1191 TD (absolute minimum while protecting the assets and retaining a highly skilled core workforce. Cliffs)Tj /F2 1 Tf 39.3254 0 TD ()Tj /F12 1 Tf 0.333 0 TD ( share of idle costs, before )Tj -39.6584 -1.1192 TD (depreciation, on an annualized basis are expected to be less than $6 million. )Tj /F6 1 Tf 0 -2.5955 TD (Liquidity)Tj /F12 1 Tf 0 -2.5717 TD ( At December 31, 2001, Cliffs had cash and cash equivalents of $183.8 million, with $100 million borrowed under the Company)Tj /F2 1 Tf 52.4902 0 TD ()Tj /F12 1 Tf 0.333 0 TD (s )Tj -52.8232 -1.1191 TD (unsecured revolving credit facility. The $100 million revolving credit facility expires in May 2003. The Company)Tj /F2 1 Tf 45.5739 0 TD ()Tj /F12 1 Tf 0.333 0 TD (s $70 million of senior )Tj -45.9068 -1.1192 TD (unsecured notes are due in December 2005. )Tj /F6 1 Tf 0 -2.5955 TD (Outlook)Tj /F12 1 Tf 0 -2.5717 TD ( John S. Brinzo, Cliffs)Tj /F2 1 Tf 9.9441 0 TD ()Tj /F12 1 Tf 0.333 0 TD ( Chairman and Chief Executive Officer, said, )Tj /F2 1 Tf 18.3553 0 TD ()Tj /F12 1 Tf 0.444 0 TD (Pending resolution of certain final terms, we expect to complete )Tj -29.0764 -1.1192 TD (the acquisition of a 45 percent ownership interest in the Tilden Mine from Algoma Steel, and execute a new sales agreement with)Tj 51.8193 0 TD ( )Tj -51.8193 -1.1192 TD (Algoma that would make Cliffs)Tj /F2 1 Tf 12.6649 0 TD ()Tj /F12 1 Tf 0.333 0 TD ( the sole supplier of iron ore pellets purchased by Algoma for the next fifteen years. This transaction is a )Tj -12.9978 -1.1192 TD (major step in Cliffs)Tj /F2 1 Tf 7.7493 0 TD ()Tj /F12 1 Tf 0.333 0 TD ( plan to consolidate North American iron ore interests. )Tj -8.0823 -2.524 TD ( With the Algoma contract, we would expect pellet sales in 2002 to be 11.5 to 12.0 million tons, including the sale of abou)Tj 50.0195 0 TD (t 3 million )Tj -50.0195 -1.1192 TD (tons to Algoma. This sales forecast would represent about 70 percent of our production capacity. )Tj 0 -2.524 TD ( Cliffs is taking decisive actions to reduce its cost structure, strengthen its competitiveness and ensure that the Company)Tj 49.0186 0 TD ( remains well )Tj -49.0186 -1.1192 TD (positioned during this period. Every segment of our organization has been challenged to ensure that it is as cost efficient as )Tj 49.4325 0 TD (possible. We )Tj -49.4325 -1.1192 TD (continue to be proactive in pursuing business opportunities that have been created by the adversities in our business, and thes)Tj 50.0445 0 TD (e efforts )Tj -50.0445 -1.1191 TD (will be our highest priority in 2002. We intend to be relentless in pursuing the )Tj 27.5741 -2.6907 TD (5)Tj ET endstream endobj 16 0 obj << /Type /Page /Parent 38 0 R /Resources 17 0 R /Contents 18 0 R /MediaBox [ 0 0 612 1008 ] /CropBox [ 0 0 612 1008 ] /Rotate 0 >> endobj 17 0 obj << /ProcSet [ /PDF /Text ] /Font << /F2 57 0 R /F6 56 0 R /F12 34 0 R >> /ExtGState << /GS1 61 0 R >> >> endobj 18 0 obj << /Length 3175 >> stream 1 g /GS1 gs 1 i 18.21 989.85 575.76 -304.56 re f BT /F12 1 Tf 12 0 0 12 25.65 979.05 Tm 0 g 0 Tc 0 Tw ( )Tj 10.079 0 0 10.079 25.65 953.13 Tm (goals and objectives that will allow Cliffs to successfully meet its challenges and take advantage of the opportunities that ar)Tj 49.4615 0 TD (e ahead in )Tj -49.4615 -1.1191 TD (2002 and beyond.)Tj /F2 1 Tf 7.1374 0 TD ()Tj /F12 1 Tf 0.444 0 TD ( )Tj /F6 1 Tf 14.6589 -2.5955 TD (* * * * * * * * * * * * * * *)Tj /F12 1 Tf -22.2402 -2.5717 TD ( ǿմý is the largest supplier of iron ore products to the North American steel industry and is developing a sig)Tj 49.1565 0 TD (nificant )Tj -49.1565 -1.1192 TD (ferrous metallics business. Subsidiaries of the Company manage and hold equity interests in five iron ore mines in Michigan, Mi)Tj 51.4633 0 TD (nnesota )Tj -51.4633 -1.1191 TD (and Eastern Canada. Cliffs has a major iron ore reserve position in the United States and is a substantial iron ore merchant. R)Tj 50.0435 0 TD (eferences in )Tj -50.0435 -1.1192 TD (this news release to )Tj /F2 1 Tf 8.0533 0 TD ()Tj /F12 1 Tf 0.444 0 TD (Cliffs)Tj /F2 1 Tf 2.2778 0 TD ()Tj /F12 1 Tf 0.444 0 TD ( and )Tj /F2 1 Tf 1.9438 0 TD ()Tj /F12 1 Tf 0.444 0 TD (Company)Tj /F2 1 Tf 3.8886 0 TD ()Tj /F12 1 Tf 0.444 0 TD ( include subsidiaries and affiliates as appropriate in the context. )Tj -17.9394 -2.524 TD ( This news release contains predictive statements that are intended to be made as )Tj /F2 1 Tf 33.546 0 TD ()Tj /F12 1 Tf 0.444 0 TD (forward-looking)Tj /F2 1 Tf 6.5534 0 TD ()Tj /F12 1 Tf 0.444 0 TD ( within the safe harbor protections )Tj -40.9873 -1.1192 TD (of the Private Securities Litigation Reform Act of 1995. Although the Company believes that its forward-looking statements are )Tj 51.4623 0 TD (based on )Tj -51.4623 -1.1192 TD (reasonable assumptions, such statements are subject to risks and uncertainties. )Tj 0 -2.524 TD ( Actual results may differ materially from such statements for a variety of factors; such as: demand for iron ore pellets b)Tj 49.0136 0 TD (y North )Tj -49.0136 -1.1192 TD (American integrated steel producers due to changes in steel utilization rates, electric furnace production or imports of semi-f)Tj 49.7625 0 TD (inished steel )Tj -49.7625 -1.1192 TD (or pig iron; changes in the financial condition of the Company)Tj /F2 1 Tf 24.9397 0 TD ()Tj /F12 1 Tf 0.333 0 TD (s partners and/or customers; rejection of major contracts and/or venture )Tj -25.2727 -1.1192 TD (agreements by customers and/or participants under provisions of the U.S. Bankruptcy Code; changes in imports of steel, iron ore)Tj 51.5163 0 TD (, or )Tj -51.5163 -1.1191 TD (ferrous metallic products; changes in the market price of hot-briquetted-iron \(HBI\) and expected idle costs of Cliffs and Assoc)Tj 50.5964 0 TD (iates )Tj -50.5964 -1.1192 TD (Limited; events or circumstances that could impair or adversely impact the viability of a mine or other operation and the carry)Tj 50.4314 0 TD (ing value )Tj -50.4314 -1.1192 TD (of associated assets; and changes in domestic or international economic and political conditions. )Tj 27.5741 -2.6907 TD (6)Tj ET endstream endobj 19 0 obj << /Type /Page /Parent 38 0 R /Resources 20 0 R /Contents 21 0 R /MediaBox [ 0 0 612 1008 ] /CropBox [ 0 0 612 1008 ] /Rotate 0 >> endobj 20 0 obj << /ProcSet [ /PDF /Text ] /Font << /F2 57 0 R /F12 34 0 R >> /ExtGState << /GS1 61 0 R >> >> endobj 21 0 obj << /Length 1652 >> stream 1 g /GS1 gs 1 i 18.21 989.85 575.76 -159.36 re f BT /F12 1 Tf 12 0 0 12 25.65 979.05 Tm 0 g 0 Tc 0 Tw ( )Tj 10.079 0 0 10.079 25.65 953.13 Tm ( Reference is made to the detailed explanation of the many factors and risks that may cause such predictive statements to t)Tj 49.8475 0 TD (urn out )Tj -49.8475 -1.1191 TD (differently, as set forth in the Company)Tj /F2 1 Tf 15.7466 0 TD ()Tj /F12 1 Tf 0.333 0 TD (s Annual Report for 2000 and Reports on Form 10-K and 10-Q and previous news releases filed )Tj -16.0795 -1.1192 TD (with the Securities and Exchange Commission, which are available publicly on Cliffs)Tj /F2 1 Tf 34.2159 0 TD ()Tj /F12 1 Tf 0.333 0 TD ( web site. The information contained in this )Tj -34.5489 -1.1192 TD (document speaks as of the date of this news release and may be superceded by subsequent events. )Tj 0 -2.524 TD ( Cliffs will host a conference call on year 2001 results tomorrow, January 31, at 10:00 a.m. EST. The call will be broadcas)Tj 49.9595 0 TD (t live on )Tj -49.9595 -1.1191 TD (Cliffs)Tj /F2 1 Tf 2.2778 0 TD ()Tj /F12 1 Tf 0.333 0 TD [( website at )-77.6(http://www.cleveland-cliffs.com.)]TJ ET 0 G 0 J 0 j 0.24 w 10 M []0 d 98.37 881.61 m 233.25 881.61 l S BT 10.079 0 0 10.079 233.25 882.5701 Tm ( A replay of the call will be available on the website for 30 days. In early February, )Tj -20.5972 -1.1192 TD (Cliffs will file its 2001 annual 10-K Report with the Securities and Exchange Commission. 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f BT 10.079 0 0 10.079 354.45 747.9301 Tm 0 g ( )Tj ET 0.934 g 364.29 757.05 4.8 -11.04 re f BT 10.079 0 0 10.079 364.29 747.9301 Tm 0 g ( )Tj ET 0.934 g 369.33 757.05 22.56 -11.04 re f BT 10.079 0 0 10.079 379.41 747.9301 Tm 0 g (1.0)Tj ET 0.934 g 392.13 757.05 9.6 -11.04 re f BT 10.079 0 0 10.079 392.13 747.9301 Tm 0 g ( )Tj ET 0.934 g 401.97 757.05 9.6 -11.04 re f BT 10.079 0 0 10.079 401.97 747.9301 Tm 0 g ( )Tj ET 0.934 g 411.81 757.05 4.8 -11.04 re f BT 10.079 0 0 10.079 411.81 747.9301 Tm 0 g ( )Tj ET 0.934 g 416.85 757.05 22.56 -11.04 re f BT 10.079 0 0 10.079 431.97 747.9301 Tm 0 g (.8)Tj ET 0.934 g 439.65 757.05 4.8 -11.04 re f BT 10.079 0 0 10.079 439.65 747.9301 Tm 0 g ( )Tj ET 0.934 g 444.69 757.05 9.6 -11.04 re f BT 10.079 0 0 10.079 444.69 747.9301 Tm 0 g ( )Tj ET 0.934 g 454.53 757.05 9.6 -11.04 re f BT 10.079 0 0 10.079 454.53 747.9301 Tm 0 g ( )Tj ET 0.934 g 464.37 757.05 22.56 -11.04 re f BT 10.079 0 0 10.079 474.45 747.9301 Tm 0 g (3.8)Tj ET 0.934 g 487.17 757.05 9.6 -11.04 re f BT 10.079 0 0 10.079 487.17 747.9301 Tm 0 g ( )Tj ET 0.934 g 497.01 757.05 9.6 -11.04 re f BT 10.079 0 0 10.079 497.01 747.9301 Tm 0 g ( )Tj ET 0.934 g 506.85 757.05 4.8 -11.04 re f BT 10.079 0 0 10.079 506.85 747.9301 Tm 0 g ( )Tj ET 0.934 g 511.89 757.05 22.56 -11.04 re f BT 10.079 0 0 10.079 521.97 747.9301 Tm 0 g (2.9)Tj ET 0.934 g 534.69 757.05 9.6 -11.04 re f BT 10.079 0 0 10.079 534.6899 747.9301 Tm 0 g ( )Tj -46.3377 -1.2144 TD 0.7263 Tw [( )23.8(Other )726.3(income)-22032.1( )-523.8(1.8)-12.1( )-523.8(2.7)-12.1( )476.3( )-1000.1(9.8)-12.1( )-523.8(6.7)-12.1( )]TJ 0 -1.1192 TD 28.2051 Tc 0 Tw [( )27478.8( )]TJ ET 0.5 g 369.33 728.25 22.56 -0.48 re f BT 10.079 0 0 10.079 392.13 724.41 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 416.85 728.25 22.56 -0.48 re f BT 10.079 0 0 10.079 439.65 724.41 Tm 0 g 0.25 Tc [( )-476.3( )]TJ ET 0.5 g 464.37 728.25 22.56 -0.48 re f BT 10.079 0 0 10.079 487.17 724.41 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 511.89 728.25 22.56 -0.48 re f BT 10.079 0 0 10.079 534.6899 724.41 Tm 0 g 0 Tc ( )Tj ET 0.934 g 67.65 722.25 9.36 -11.04 re f BT 10.079 0 0 10.079 67.65 713.1301 Tm 0 g ( )Tj ET 0.934 g 77.25 722.25 9.36 -11.04 re f BT 10.079 0 0 10.079 77.25 713.1301 Tm 0 g ( )Tj ET 0.934 g 86.85 722.25 9.36 -11.04 re f BT 10.079 0 0 10.079 86.85 713.1301 Tm 0 g ( )Tj ET 0.934 g 96.45 722.25 9.6 -11.04 re f BT 10.079 0 0 10.079 96.45 713.1301 Tm 0 g ( )Tj ET 0.934 g 106.29 722.25 247.92 -11.04 re f BT 10.079 0 0 10.079 106.29 713.1301 Tm 0 g -0.0001 Tc 0.0001 Tw (TOTAL REVENUES)Tj ET 0.934 g 354.45 722.25 9.6 -11.04 re f BT 10.079 0 0 10.079 354.45 713.1301 Tm 0 g 0 Tc 0 Tw ( )Tj ET 0.934 g 364.29 722.25 4.8 -11.04 re f BT 10.079 0 0 10.079 364.29 713.1301 Tm 0 g ( )Tj ET 0.934 g 369.33 722.25 22.56 -11.04 re f BT 10.079 0 0 10.079 369.33 713.1301 Tm 0 g (123.6)Tj ET 0.934 g 392.13 722.25 9.6 -11.04 re f BT 10.079 0 0 10.079 392.13 713.1301 Tm 0 g ( )Tj ET 0.934 g 401.97 722.25 9.6 -11.04 re f BT 10.079 0 0 10.079 401.97 713.1301 Tm 0 g ( )Tj ET 0.934 g 411.81 722.25 4.8 -11.04 re f BT 10.079 0 0 10.079 411.81 713.1301 Tm 0 g ( )Tj ET 0.934 g 416.85 722.25 22.56 -11.04 re f BT 10.079 0 0 10.079 416.85 713.1301 Tm 0 g (113.8)Tj ET 0.934 g 439.65 722.25 4.8 -11.04 re f BT 10.079 0 0 10.079 439.65 713.1301 Tm 0 g ( )Tj ET 0.934 g 444.69 722.25 9.6 -11.04 re f BT 10.079 0 0 10.079 444.69 713.1301 Tm 0 g ( )Tj ET 0.934 g 454.53 722.25 9.6 -11.04 re f BT 10.079 0 0 10.079 454.53 713.1301 Tm 0 g ( )Tj ET 0.934 g 464.37 722.25 22.56 -11.04 re f BT 10.079 0 0 10.079 464.37 713.1301 Tm 0 g (387.6)Tj ET 0.934 g 487.17 722.25 9.6 -11.04 re f BT 10.079 0 0 10.079 487.17 713.1301 Tm 0 g ( )Tj ET 0.934 g 497.01 722.25 9.6 -11.04 re f BT 10.079 0 0 10.079 497.01 713.1301 Tm 0 g ( )Tj ET 0.934 g 506.85 722.25 4.8 -11.04 re f BT 10.079 0 0 10.079 506.85 713.1301 Tm 0 g ( )Tj ET 0.934 g 511.89 722.25 22.56 -11.04 re f BT 10.079 0 0 10.079 511.89 713.1301 Tm 0 g (455.0)Tj ET 0.934 g 534.69 722.25 9.6 -11.04 re f BT 10.079 0 0 10.079 534.6899 713.1301 Tm 0 g ( )Tj -46.3377 -1.2144 TD -0.0001 Tc 0.0001 Tw (COSTS AND EXPENSES)Tj ET 0.934 g 67.65 697.77 9.36 -11.04 re f BT 10.079 0 0 10.079 67.65 688.6501 Tm 0 g 0 Tc 0 Tw ( )Tj ET 0.934 g 77.25 697.77 467.04 -11.04 re f BT 10.079 0 0 10.079 77.25 688.6501 Tm 0 g (Cost of goods sold and operating expenses)Tj -0.9525 -1.2144 TD 0.7263 Tw [( )23.8( )23.8(Iron )726.3(ore)-23357.4( )476.3(115.4)-12.3( )476.3(100.0)-12.3( )476.3( 372.1)-12.3( )476.3(380.2)-12.3( )]TJ ET 0.934 g 67.65 673.29 9.36 -11.04 re f BT 10.079 0 0 10.079 67.65 664.17 Tm 0 g 0 Tw ( )Tj ET 0.934 g 77.25 673.29 9.36 -11.04 re f BT 10.079 0 0 10.079 77.25 664.17 Tm 0 g ( )Tj ET 0.934 g 86.85 673.29 267.36 -11.04 re f BT 10.079 0 0 10.079 86.85 664.17 Tm 0 g (Hot briquetted iron)Tj ET 0.934 g 354.45 673.29 9.6 -11.04 re f BT 10.079 0 0 10.079 354.45 664.17 Tm 0 g ( )Tj ET 0.934 g 364.29 673.29 4.8 -11.04 re f BT 10.079 0 0 10.079 364.29 664.17 Tm 0 g ( )Tj ET 0.934 g 369.33 673.29 22.56 -11.04 re f BT 10.079 0 0 10.079 379.41 664.17 Tm 0 g (8.7)Tj ET 0.934 g 392.13 673.29 9.6 -11.04 re f BT 10.079 0 0 10.079 392.13 664.17 Tm 0 g ( )Tj ET 0.934 g 401.97 673.29 9.6 -11.04 re f BT 10.079 0 0 10.079 401.97 664.17 Tm 0 g ( )Tj ET 0.934 g 411.81 673.29 4.8 -11.04 re f BT 10.079 0 0 10.079 411.81 664.17 Tm 0 g ( )Tj ET 0.934 g 416.85 673.29 22.56 -11.04 re f BT 10.079 0 0 10.079 416.85 664.17 Tm 0 g ( )Tj ET 0.934 g 439.65 673.29 4.8 -11.04 re f BT 10.079 0 0 10.079 439.65 664.17 Tm 0 g ( )Tj ET 0.934 g 444.69 673.29 9.6 -11.04 re f BT 10.079 0 0 10.079 444.69 664.17 Tm 0 g ( )Tj ET 0.934 g 454.53 673.29 9.6 -11.04 re f BT 10.079 0 0 10.079 454.53 664.17 Tm 0 g ( )Tj ET 0.934 g 464.37 673.29 22.56 -11.04 re f BT 10.079 0 0 10.079 469.41 664.17 Tm 0 g (29.7)Tj ET 0.934 g 487.17 673.29 9.6 -11.04 re f BT 10.079 0 0 10.079 487.17 664.17 Tm 0 g ( )Tj ET 0.934 g 497.01 673.29 9.6 -11.04 re f BT 10.079 0 0 10.079 497.01 664.17 Tm 0 g ( )Tj ET 0.934 g 506.85 673.29 4.8 -11.04 re f BT 10.079 0 0 10.079 506.85 664.17 Tm 0 g ( )Tj ET 0.934 g 511.89 673.29 22.56 -11.04 re f BT 10.079 0 0 10.079 511.89 664.17 Tm 0 g ( )Tj ET 0.934 g 534.69 673.29 9.6 -11.04 re f BT 10.079 0 0 10.079 534.6899 664.17 Tm 0 g ( )Tj -46.3377 -1.1191 TD 28.2051 Tc [( )27478.8( )]TJ ET 0.5 g 369.33 656.73 22.56 -0.48 re f BT 10.079 0 0 10.079 392.13 652.8901 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 416.85 656.73 22.56 -0.48 re f BT 10.079 0 0 10.079 439.65 652.8901 Tm 0 g 0.25 Tc [( )-476.3( )]TJ ET 0.5 g 464.37 656.73 22.56 -0.48 re f BT 10.079 0 0 10.079 487.17 652.8901 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 511.89 656.73 22.56 -0.48 re f BT 10.079 0 0 10.079 534.6899 652.8901 Tm 0 g 0 Tc ( )Tj -46.3377 -1.1192 TD 0.7263 Tw [( )-27478.8( )476.3(124.1)-12.3( )476.3(100.0)-12.3( )476.3( 401.8)-12.3( )476.3(380.2)-12.3( )]TJ ET 0.934 g 67.65 638.49 9.36 -11.04 re f BT 10.079 0 0 10.079 67.65 629.3701 Tm 0 g 0 Tw ( )Tj ET 0.934 g 77.25 638.49 276.96 -11.04 re f BT 10.079 0 0 10.079 77.25 629.3701 Tm 0 g (Administrative, selling and general expenses)Tj ET 0.934 g 354.45 638.49 9.6 -11.04 re f BT 10.079 0 0 10.079 354.45 629.3701 Tm 0 g ( )Tj ET 0.934 g 364.29 638.49 4.8 -11.04 re f BT 10.079 0 0 10.079 364.29 629.3701 Tm 0 g ( )Tj ET 0.934 g 369.33 638.49 22.56 -11.04 re f BT 10.079 0 0 10.079 379.41 629.3701 Tm 0 g (3.3)Tj ET 0.934 g 392.13 638.49 9.6 -11.04 re f BT 10.079 0 0 10.079 392.13 629.3701 Tm 0 g ( )Tj ET 0.934 g 401.97 638.49 9.6 -11.04 re f BT 10.079 0 0 10.079 401.97 629.3701 Tm 0 g ( )Tj ET 0.934 g 411.81 638.49 4.8 -11.04 re f BT 10.079 0 0 10.079 411.81 629.3701 Tm 0 g ( )Tj ET 0.934 g 416.85 638.49 22.56 -11.04 re f BT 10.079 0 0 10.079 426.93 629.3701 Tm 0 g (4.5)Tj ET 0.934 g 439.65 638.49 4.8 -11.04 re f BT 10.079 0 0 10.079 439.65 629.3701 Tm 0 g ( )Tj ET 0.934 g 444.69 638.49 9.6 -11.04 re f BT 10.079 0 0 10.079 444.69 629.3701 Tm 0 g ( )Tj ET 0.934 g 454.53 638.49 9.6 -11.04 re f BT 10.079 0 0 10.079 454.53 629.3701 Tm 0 g ( )Tj ET 0.934 g 464.37 638.49 22.56 -11.04 re f BT 10.079 0 0 10.079 469.41 629.3701 Tm 0 g (15.2)Tj ET 0.934 g 487.17 638.49 9.6 -11.04 re f BT 10.079 0 0 10.079 487.17 629.3701 Tm 0 g ( )Tj ET 0.934 g 497.01 638.49 9.6 -11.04 re f BT 10.079 0 0 10.079 497.01 629.3701 Tm 0 g ( )Tj ET 0.934 g 506.85 638.49 4.8 -11.04 re f BT 10.079 0 0 10.079 506.85 629.3701 Tm 0 g ( )Tj ET 0.934 g 511.89 638.49 22.56 -11.04 re f BT 10.079 0 0 10.079 516.9299 629.3701 Tm 0 g (18.7)Tj ET 0.934 g 534.69 638.49 9.6 -11.04 re f BT 10.079 0 0 10.079 534.6899 629.3701 Tm 0 g ( )Tj -46.3377 -1.2144 TD [( )-702.5(Pre-operating loss of Cliffs and Associates Limited)-7006.4( )-726.3( )-250( )-2012.1( )-726.3( )-726.3( )-1250.1(4.0)-12.1( )-250( )-726.3( )-1726.4(5.8)-12.1( )-726.3( )-726.3( )-750.1(13.7)-12.2( )]TJ ET 0.934 g 67.65 614.01 9.36 -11.04 re f BT 10.079 0 0 10.079 67.65 604.8901 Tm 0 g ( )Tj ET 0.934 g 77.25 614.01 276.96 -11.04 re f BT 10.079 0 0 10.079 77.25 604.8901 Tm 0 g (Interest expense)Tj ET 0.934 g 354.45 614.01 9.6 -11.04 re f BT 10.079 0 0 10.079 354.45 604.8901 Tm 0 g ( )Tj ET 0.934 g 364.29 614.01 4.8 -11.04 re f BT 10.079 0 0 10.079 364.29 604.8901 Tm 0 g ( )Tj ET 0.934 g 369.33 614.01 22.56 -11.04 re f BT 10.079 0 0 10.079 379.41 604.8901 Tm 0 g (1.9)Tj ET 0.934 g 392.13 614.01 9.6 -11.04 re f BT 10.079 0 0 10.079 392.13 604.8901 Tm 0 g ( )Tj ET 0.934 g 401.97 614.01 9.6 -11.04 re f BT 10.079 0 0 10.079 401.97 604.8901 Tm 0 g ( )Tj ET 0.934 g 411.81 614.01 4.8 -11.04 re f BT 10.079 0 0 10.079 411.81 604.8901 Tm 0 g ( )Tj ET 0.934 g 416.85 614.01 22.56 -11.04 re f BT 10.079 0 0 10.079 426.93 604.8901 Tm 0 g (1.2)Tj ET 0.934 g 439.65 614.01 4.8 -11.04 re f BT 10.079 0 0 10.079 439.65 604.8901 Tm 0 g ( )Tj ET 0.934 g 444.69 614.01 9.6 -11.04 re f BT 10.079 0 0 10.079 444.69 604.8901 Tm 0 g ( )Tj ET 0.934 g 454.53 614.01 9.6 -11.04 re f BT 10.079 0 0 10.079 454.53 604.8901 Tm 0 g ( )Tj ET 0.934 g 464.37 614.01 22.56 -11.04 re f BT 10.079 0 0 10.079 474.45 604.8901 Tm 0 g (9.3)Tj ET 0.934 g 487.17 614.01 9.6 -11.04 re f BT 10.079 0 0 10.079 487.17 604.8901 Tm 0 g ( )Tj ET 0.934 g 497.01 614.01 9.6 -11.04 re f BT 10.079 0 0 10.079 497.01 604.8901 Tm 0 g ( )Tj ET 0.934 g 506.85 614.01 4.8 -11.04 re f BT 10.079 0 0 10.079 506.85 604.8901 Tm 0 g ( )Tj ET 0.934 g 511.89 614.01 22.56 -11.04 re f BT 10.079 0 0 10.079 521.97 604.8901 Tm 0 g (4.9)Tj ET 0.934 g 534.69 614.01 9.6 -11.04 re f BT 10.079 0 0 10.079 534.6899 604.8901 Tm 0 g ( )Tj -46.3377 -1.2144 TD 0.7263 Tw [( )23.8(Loss )726.3(on )726.3(common )726.3(stock )726.3(investment)-13614.9( )476.3( )-1285.8( )-1023.9(.7)-12( )476.3( )-1285.8( )-23.8(10.9)-12.2( )]TJ ET 0.934 g 67.65 589.53 9.36 -11.04 re f BT 10.079 0 0 10.079 67.65 580.41 Tm 0 g 0 Tw ( )Tj ET 0.934 g 77.25 589.53 276.96 -11.04 re f BT 10.079 0 0 10.079 77.25 580.41 Tm 0 g (Other expenses)Tj ET 0.934 g 354.45 589.53 9.6 -11.04 re f BT 10.079 0 0 10.079 354.45 580.41 Tm 0 g ( )Tj ET 0.934 g 364.29 589.53 4.8 -11.04 re f BT 10.079 0 0 10.079 364.29 580.41 Tm 0 g ( )Tj ET 0.934 g 369.33 589.53 22.56 -11.04 re f BT 10.079 0 0 10.079 379.41 580.41 Tm 0 g (4.3)Tj ET 0.934 g 392.13 589.53 9.6 -11.04 re f BT 10.079 0 0 10.079 392.13 580.41 Tm 0 g ( )Tj ET 0.934 g 401.97 589.53 9.6 -11.04 re f BT 10.079 0 0 10.079 401.97 580.41 Tm 0 g ( )Tj ET 0.934 g 411.81 589.53 4.8 -11.04 re f BT 10.079 0 0 10.079 411.81 580.41 Tm 0 g ( )Tj ET 0.934 g 416.85 589.53 22.56 -11.04 re f BT 10.079 0 0 10.079 426.93 580.41 Tm 0 g (5.3)Tj ET 0.934 g 439.65 589.53 4.8 -11.04 re f BT 10.079 0 0 10.079 439.65 580.41 Tm 0 g ( )Tj ET 0.934 g 444.69 589.53 9.6 -11.04 re f BT 10.079 0 0 10.079 444.69 580.41 Tm 0 g ( )Tj ET 0.934 g 454.53 589.53 9.6 -11.04 re f BT 10.079 0 0 10.079 454.53 580.41 Tm 0 g ( )Tj ET 0.934 g 464.37 589.53 22.56 -11.04 re f BT 10.079 0 0 10.079 474.45 580.41 Tm 0 g (9.1)Tj ET 0.934 g 487.17 589.53 9.6 -11.04 re f BT 10.079 0 0 10.079 487.17 580.41 Tm 0 g ( )Tj ET 0.934 g 497.01 589.53 9.6 -11.04 re f BT 10.079 0 0 10.079 497.01 580.41 Tm 0 g ( )Tj ET 0.934 g 506.85 589.53 4.8 -11.04 re f BT 10.079 0 0 10.079 506.85 580.41 Tm 0 g ( )Tj ET 0.934 g 511.89 589.53 22.56 -11.04 re f BT 10.079 0 0 10.079 516.9299 580.41 Tm 0 g (10.4)Tj ET 0.934 g 534.69 589.53 9.6 -11.04 re f BT 10.079 0 0 10.079 534.6899 580.41 Tm 0 g ( )Tj -46.3377 -1.1192 TD 28.2051 Tc [( )27478.8( )]TJ ET 0.5 g 369.33 572.97 22.56 -0.48 re f BT 10.079 0 0 10.079 392.13 569.1301 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 416.85 572.97 22.56 -0.48 re f BT 10.079 0 0 10.079 439.65 569.1301 Tm 0 g 0.25 Tc [( )-476.3( )]TJ ET 0.5 g 464.37 572.97 22.56 -0.48 re f BT 10.079 0 0 10.079 487.17 569.1301 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 511.89 572.97 22.56 -0.48 re f BT 10.079 0 0 10.079 534.6899 569.1301 Tm 0 g 0 Tc ( )Tj -46.3377 -1.1192 TD 0.7263 Tw [( )23.8( )23.8( )23.8( TOTAL )726.3(COSTS )726.3(AND )726.3(EXPENSES)-10372.6( )476.3(133.6)-12.3( )476.3(115.7)-12.3( )476.3( 441.2)-12.3( )476.3(438.8)-12.3( )]TJ T* 28.2051 Tc 0 Tw [( )27478.8( )]TJ ET 0.5 g 369.33 550.41 22.56 -0.48 re f BT 10.079 0 0 10.079 392.13 546.5701 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 416.85 550.41 22.56 -0.48 re f BT 10.079 0 0 10.079 439.65 546.5701 Tm 0 g 0.25 Tc [( )-476.3( )]TJ ET 0.5 g 464.37 550.41 22.56 -0.48 re f BT 10.079 0 0 10.079 487.17 546.5701 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 511.89 550.41 22.56 -0.48 re f BT 10.079 0 0 10.079 534.6899 546.5701 Tm 0 g 0 Tc ( )Tj ET 0.934 g 67.65 544.41 286.56 -33.6 re f BT 10.079 0 0 10.079 67.65 535.29 Tm 0 g -0.0001 Tc 0.0001 Tw (INCOME \(LOSS\) BEFORE INCOME TAXES, MINORITY )Tj 0.7382 -1.1192 TD (INTEREST AND CUMULATIVE EFFECT OF ACCOUNTING )Tj T* 0 Tw (CHANGE)Tj ET 0.934 g 354.45 544.41 9.6 -33.6 re f BT 10.079 0 0 10.079 354.45 512.73 Tm 0 g 0 Tc ( )Tj ET 0.934 g 364.29 544.41 4.8 -33.6 re f BT 10.079 0 0 10.079 366.69 512.73 Tm 0 g ( )Tj ET 0.934 g 369.33 544.41 22.56 -33.6 re f BT 10.079 0 0 10.079 371.01 512.73 Tm 0 g (\(10.0)Tj ET 0.934 g 392.13 544.41 9.6 -33.6 re f BT 10.079 0 0 10.079 392.13 512.73 Tm 0 g (\))Tj ET 0.934 g 401.97 544.41 9.6 -33.6 re f BT 10.079 0 0 10.079 401.97 512.73 Tm 0 g ( )Tj ET 0.934 g 411.81 544.41 4.8 -33.6 re f BT 10.079 0 0 10.079 414.21 512.73 Tm 0 g ( )Tj ET 0.934 g 416.85 544.41 22.56 -33.6 re f BT 10.079 0 0 10.079 423.57 512.73 Tm 0 g (\(1.9)Tj ET 0.934 g 439.65 544.41 4.8 -33.6 re f BT 10.079 0 0 10.079 439.65 512.73 Tm 0 g (\))Tj ET 0.934 g 444.69 544.41 9.6 -33.6 re f BT 10.079 0 0 10.079 444.69 512.73 Tm 0 g ( )Tj ET 0.934 g 454.53 544.41 9.6 -33.6 re f BT 10.079 0 0 10.079 461.73 512.73 Tm 0 g ( )Tj ET 0.934 g 464.37 544.41 22.56 -33.6 re f BT 10.079 0 0 10.079 466.05 512.73 Tm 0 g (\(53.6)Tj ET 0.934 g 487.17 544.41 9.6 -33.6 re f BT 10.079 0 0 10.079 487.17 512.73 Tm 0 g (\))Tj ET 0.934 g 497.01 544.41 9.6 -33.6 re f BT 10.079 0 0 10.079 497.01 512.73 Tm 0 g ( )Tj ET 0.934 g 506.85 544.41 4.8 -33.6 re f BT 10.079 0 0 10.079 506.85 512.73 Tm 0 g ( )Tj ET 0.934 g 511.89 544.41 22.56 -33.6 re f BT 10.079 0 0 10.079 516.9299 512.73 Tm 0 g (16.2)Tj ET 0.934 g 534.69 544.41 9.6 -33.6 re f BT 10.079 0 0 10.079 534.6899 512.73 Tm 0 g ( )Tj -46.3377 -1.2144 TD 0.9644 Tw [(INCOME )964.4(TAXES )964.4(\(CREDIT\))-16513.1( )285.7(\(2.9)-12.5(\))-643.3( )285.7(\(5.8)-12.5(\))-167( )-476.2( )785.8(\(16.3)-12.6(\))-643.3( )285.7(\(1.5)-12.5(\))]TJ 0 -1.1192 TD 28.2051 Tc 0 Tw [( )27478.8( )]TJ ET 0.5 g 369.33 493.05 22.56 -0.48 re f BT 10.079 0 0 10.079 392.13 489.2101 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 416.85 493.05 22.56 -0.48 re f BT 10.079 0 0 10.079 439.65 489.2101 Tm 0 g 0.25 Tc [( )-476.3( )]TJ ET 0.5 g 464.37 493.05 22.56 -0.48 re f BT 10.079 0 0 10.079 487.17 489.2101 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 511.89 493.05 22.56 -0.48 re f BT 10.079 0 0 10.079 534.6899 489.2101 Tm 0 g 0 Tc ( )Tj ET 0.934 g 67.65 487.05 286.56 -22.32 re f BT 10.079 0 0 10.079 67.65 477.9301 Tm 0 g -0.0001 Tc 0.0001 Tw (INCOME \(LOSS\) BEFORE MINORITY INTEREST AND )Tj 0.7382 -1.1192 TD (CUMULATIVE EFFECT OF ACCOUNTING CHANGE)Tj ET 0.934 g 354.45 487.05 9.6 -22.32 re f BT 10.079 0 0 10.079 354.45 466.6501 Tm 0 g 0 Tc 0 Tw ( )Tj ET 0.934 g 364.29 487.05 4.8 -22.32 re f BT 10.079 0 0 10.079 366.69 466.6501 Tm 0 g ( )Tj ET 0.934 g 369.33 487.05 22.56 -22.32 re f BT 10.079 0 0 10.079 376.05 466.6501 Tm 0 g (\(7.1)Tj ET 0.934 g 392.13 487.05 9.6 -22.32 re f BT 10.079 0 0 10.079 392.13 466.6501 Tm 0 g (\))Tj ET 0.934 g 401.97 487.05 9.6 -22.32 re f BT 10.079 0 0 10.079 401.97 466.6501 Tm 0 g ( )Tj ET 0.934 g 411.81 487.05 4.8 -22.32 re f BT 10.079 0 0 10.079 411.81 466.6501 Tm 0 g ( )Tj ET 0.934 g 416.85 487.05 22.56 -22.32 re f BT 10.079 0 0 10.079 426.93 466.6501 Tm 0 g (3.9)Tj ET 0.934 g 439.65 487.05 4.8 -22.32 re f BT 10.079 0 0 10.079 439.65 466.6501 Tm 0 g ( )Tj ET 0.934 g 444.69 487.05 9.6 -22.32 re f BT 10.079 0 0 10.079 444.69 466.6501 Tm 0 g ( )Tj ET 0.934 g 454.53 487.05 9.6 -22.32 re f BT 10.079 0 0 10.079 461.73 466.6501 Tm 0 g ( )Tj ET 0.934 g 464.37 487.05 22.56 -22.32 re f BT 10.079 0 0 10.079 466.05 466.6501 Tm 0 g (\(37.3)Tj ET 0.934 g 487.17 487.05 9.6 -22.32 re f BT 10.079 0 0 10.079 487.17 466.6501 Tm 0 g (\))Tj ET 0.934 g 497.01 487.05 9.6 -22.32 re f BT 10.079 0 0 10.079 497.01 466.6501 Tm 0 g ( )Tj ET 0.934 g 506.85 487.05 4.8 -22.32 re f BT 10.079 0 0 10.079 506.85 466.6501 Tm 0 g ( )Tj ET 0.934 g 511.89 487.05 22.56 -22.32 re f BT 10.079 0 0 10.079 516.9299 466.6501 Tm 0 g (17.7)Tj ET 0.934 g 534.69 487.05 9.6 -22.32 re f BT 10.079 0 0 10.079 534.6899 466.6501 Tm 0 g ( )Tj -46.3377 -1.2144 TD 0.7263 Tw [(MINORITY )726.3(INTEREST)-18484.9( )-523.8(1.3)-12.1( )-1023.9(.4)-12( )476.3( )-1000.1(5.1)-12.1( )-1023.9(.4)-12( )]TJ 0 -1.1192 TD 28.2051 Tc 0 Tw [( )27478.8( )]TJ ET 0.5 g 369.33 446.97 22.56 -0.48 re f BT 10.079 0 0 10.079 392.13 443.1301 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 416.85 446.97 22.56 -0.48 re f BT 10.079 0 0 10.079 439.65 443.1301 Tm 0 g 0.25 Tc [( )-476.3( )]TJ ET 0.5 g 464.37 446.97 22.56 -0.48 re f BT 10.079 0 0 10.079 487.17 443.1301 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 511.89 446.97 22.56 -0.48 re f BT 10.079 0 0 10.079 534.6899 443.1301 Tm 0 g 0 Tc ( )Tj ET 0.934 g 67.65 440.97 286.56 -22.32 re f BT 10.079 0 0 10.079 67.65 431.8501 Tm 0 g -0.0001 Tc 0.0001 Tw (INCOME \(LOSS\) BEFORE CUMULATIVE EFFECT OF )Tj 0.7382 -1.1192 TD (ACCOUNTING CHANGE)Tj ET 0.934 g 354.45 440.97 9.6 -22.32 re f BT 10.079 0 0 10.079 354.45 420.5701 Tm 0 g 0 Tc 0 Tw ( )Tj ET 0.934 g 364.29 440.97 4.8 -22.32 re f BT 10.079 0 0 10.079 366.69 420.5701 Tm 0 g ( )Tj ET 0.934 g 369.33 440.97 22.56 -22.32 re f BT 10.079 0 0 10.079 376.05 420.5701 Tm 0 g (\(5.8)Tj ET 0.934 g 392.13 440.97 9.6 -22.32 re f BT 10.079 0 0 10.079 392.13 420.5701 Tm 0 g (\))Tj ET 0.934 g 401.97 440.97 9.6 -22.32 re f BT 10.079 0 0 10.079 401.97 420.5701 Tm 0 g ( )Tj ET 0.934 g 411.81 440.97 4.8 -22.32 re f BT 10.079 0 0 10.079 411.81 420.5701 Tm 0 g ( )Tj ET 0.934 g 416.85 440.97 22.56 -22.32 re f BT 10.079 0 0 10.079 426.93 420.5701 Tm 0 g (4.3)Tj ET 0.934 g 439.65 440.97 4.8 -22.32 re f BT 10.079 0 0 10.079 439.65 420.5701 Tm 0 g ( )Tj ET 0.934 g 444.69 440.97 9.6 -22.32 re f BT 10.079 0 0 10.079 444.69 420.5701 Tm 0 g ( )Tj ET 0.934 g 454.53 440.97 9.6 -22.32 re f BT 10.079 0 0 10.079 461.73 420.5701 Tm 0 g ( )Tj ET 0.934 g 464.37 440.97 22.56 -22.32 re f BT 10.079 0 0 10.079 466.05 420.5701 Tm 0 g (\(32.2)Tj ET 0.934 g 487.17 440.97 9.6 -22.32 re f BT 10.079 0 0 10.079 487.17 420.5701 Tm 0 g (\))Tj ET 0.934 g 497.01 440.97 9.6 -22.32 re f BT 10.079 0 0 10.079 497.01 420.5701 Tm 0 g ( )Tj ET 0.934 g 506.85 440.97 4.8 -22.32 re f BT 10.079 0 0 10.079 506.85 420.5701 Tm 0 g ( )Tj ET 0.934 g 511.89 440.97 22.56 -22.32 re f BT 10.079 0 0 10.079 516.9299 420.5701 Tm 0 g (18.1)Tj ET 0.934 g 534.69 440.97 9.6 -22.32 re f BT 10.079 0 0 10.079 534.6899 420.5701 Tm 0 g ( )Tj -46.3377 -1.2144 TD -0.0001 Tc 0.0001 Tw (CUMULATIVE EFFECT OF ACCOUNTING CHANGE - NET OF )Tj 0.7382 -1.1192 TD 0 Tc 0.7263 Tw [($5.0 )726.3(TAX)-23662.2( )476.3( )-1285.8( )476.3( )-1285.8( )476.3( )-1000.1(9.3)-12.1( )476.3( )-1285.8( )]TJ -0.7382 -1.1192 TD 28.2051 Tc 0 Tw [( )27478.8( )]TJ ET 0.5 g 369.33 389.61 22.56 -0.48 re f BT 10.079 0 0 10.079 392.13 385.7701 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 416.85 389.61 22.56 -0.48 re f BT 10.079 0 0 10.079 439.65 385.7701 Tm 0 g 0.25 Tc [( )-476.3( )]TJ ET 0.5 g 464.37 389.61 22.56 -0.48 re f BT 10.079 0 0 10.079 487.17 385.7701 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 511.89 389.61 22.56 -0.48 re f BT 10.079 0 0 10.079 534.6899 385.7701 Tm 0 g 0 Tc ( )Tj ET 0.934 g 67.65 383.61 286.56 -11.04 re f BT 10.079 0 0 10.079 67.65 374.4901 Tm 0 g -0.0001 Tc 0.0001 Tw (NET INCOME \(LOSS\))Tj ET 0.934 g 354.45 383.61 9.6 -11.04 re f BT 10.079 0 0 10.079 354.45 374.4901 Tm 0 g 0 Tc 0 Tw ( )Tj ET 0.934 g 364.29 383.61 4.8 -11.04 re f BT 10.079 0 0 10.079 364.29 374.4901 Tm 0 g ($)Tj ET 0.934 g 369.33 383.61 22.56 -11.04 re f BT 10.079 0 0 10.079 376.05 374.4901 Tm 0 g (\(5.8)Tj ET 0.934 g 392.13 383.61 9.6 -11.04 re f BT 10.079 0 0 10.079 392.13 374.4901 Tm 0 g (\))Tj ET 0.934 g 401.97 383.61 9.6 -11.04 re f BT 10.079 0 0 10.079 401.97 374.4901 Tm 0 g ( )Tj ET 0.934 g 411.81 383.61 4.8 -11.04 re f BT 10.079 0 0 10.079 411.81 374.4901 Tm 0 g ($)Tj ET 0.934 g 416.85 383.61 22.56 -11.04 re f BT 10.079 0 0 10.079 426.93 374.4901 Tm 0 g (4.3)Tj ET 0.934 g 439.65 383.61 4.8 -11.04 re f BT 10.079 0 0 10.079 439.65 374.4901 Tm 0 g ( )Tj ET 0.934 g 444.69 383.61 9.6 -11.04 re f BT 10.079 0 0 10.079 444.69 374.4901 Tm 0 g ( )Tj ET 0.934 g 454.53 383.61 9.6 -11.04 re f BT 10.079 0 0 10.079 459.33 374.4901 Tm 0 g ($)Tj ET 0.934 g 464.37 383.61 22.56 -11.04 re f BT 10.079 0 0 10.079 466.05 374.4901 Tm 0 g (\(22.9)Tj ET 0.934 g 487.17 383.61 9.6 -11.04 re f BT 10.079 0 0 10.079 487.17 374.4901 Tm 0 g (\))Tj ET 0.934 g 497.01 383.61 9.6 -11.04 re f BT 10.079 0 0 10.079 497.01 374.4901 Tm 0 g ( )Tj ET 0.934 g 506.85 383.61 4.8 -11.04 re f BT 10.079 0 0 10.079 506.85 374.4901 Tm 0 g ($)Tj ET 0.934 g 511.89 383.61 22.56 -11.04 re f BT 10.079 0 0 10.079 516.9299 374.4901 Tm 0 g (18.1)Tj ET 0.934 g 534.69 383.61 9.6 -11.04 re f BT 10.079 0 0 10.079 534.6899 374.4901 Tm 0 g ( )Tj -46.3377 -1.1192 TD 28.2051 Tc [( )27478.8( )]TJ ET 0.5 g 369.33 368.25 22.56 -2.88 re f BT 10.079 0 0 10.079 392.13 363.2101 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 416.85 368.25 22.56 -2.88 re f BT 10.079 0 0 10.079 439.65 363.2101 Tm 0 g 0.25 Tc [( )-476.3( )]TJ ET 0.5 g 464.37 368.25 22.56 -2.88 re f BT 10.079 0 0 10.079 487.17 363.2101 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 511.89 368.25 22.56 -2.88 re f BT 10.079 0 0 10.079 534.6899 363.2101 Tm 0 g 0 Tc ( )Tj -46.3377 -1.1192 TD -0.0001 Tc 0.0001 Tw (NET INCOME \(LOSS\) PER COMMON SHARE )Tj /F2 1 Tf 20.2202 0 TD 0 Tc 0 Tw ()Tj /F12 1 Tf 0.9999 0 TD -0.0001 Tc 0.0001 Tw ( BASIC)Tj ET 0.934 g 67.65 348.81 9.36 -11.04 re f BT 10.079 0 0 10.079 67.65 339.6901 Tm 0 g 0 Tc 0 Tw ( )Tj ET 0.934 g 77.25 348.81 276.96 -11.04 re f BT 10.079 0 0 10.079 77.25 339.6901 Tm 0 g (Before cumulative effect of accounting change)Tj ET 0.934 g 354.45 348.81 9.6 -11.04 re f BT 10.079 0 0 10.079 354.45 339.6901 Tm 0 g ( )Tj ET 0.934 g 364.29 348.81 4.8 -11.04 re f BT 10.079 0 0 10.079 364.29 339.6901 Tm 0 g ($)Tj ET 0.934 g 369.33 348.81 22.56 -11.04 re f BT 10.079 0 0 10.079 376.05 339.6901 Tm 0 g (\(.58)Tj ET 0.934 g 392.13 348.81 9.6 -11.04 re f BT 10.079 0 0 10.079 392.13 339.6901 Tm 0 g (\))Tj ET 0.934 g 401.97 348.81 9.6 -11.04 re f BT 10.079 0 0 10.079 401.97 339.6901 Tm 0 g ( )Tj ET 0.934 g 411.81 348.81 4.8 -11.04 re f BT 10.079 0 0 10.079 411.81 339.6901 Tm 0 g ($)Tj ET 0.934 g 416.85 348.81 22.56 -11.04 re f BT 10.079 0 0 10.079 426.93 339.6901 Tm 0 g (.43)Tj ET 0.934 g 439.65 348.81 4.8 -11.04 re f BT 10.079 0 0 10.079 439.65 339.6901 Tm 0 g ( )Tj ET 0.934 g 444.69 348.81 9.6 -11.04 re f BT 10.079 0 0 10.079 444.69 339.6901 Tm 0 g ( )Tj ET 0.934 g 454.53 348.81 9.6 -11.04 re f BT 10.079 0 0 10.079 459.33 339.6901 Tm 0 g ($)Tj ET 0.934 g 464.37 348.81 22.56 -11.04 re f BT 10.079 0 0 10.079 466.05 339.6901 Tm 0 g (\(3.19)Tj ET 0.934 g 487.17 348.81 9.6 -11.04 re f BT 10.079 0 0 10.079 487.17 339.6901 Tm 0 g (\))Tj ET 0.934 g 497.01 348.81 9.6 -11.04 re f BT 10.079 0 0 10.079 497.01 339.6901 Tm 0 g ( )Tj ET 0.934 g 506.85 348.81 4.8 -11.04 re f BT 10.079 0 0 10.079 506.85 339.6901 Tm 0 g ($)Tj ET 0.934 g 511.89 348.81 22.56 -11.04 re f BT 10.079 0 0 10.079 516.9299 339.6901 Tm 0 g (1.74)Tj ET 0.934 g 534.69 348.81 9.6 -11.04 re f BT 10.079 0 0 10.079 534.6899 339.6901 Tm 0 g ( )Tj -46.3377 -1.2144 TD [( )-702.5(Cumulative effect of accounting change )]TJ /F2 1 Tf 17.197 0 TD ()Tj /F12 1 Tf 0.9999 0 TD 0.7263 Tw [( )726.3(net )726.3(of )726.3(tax)-6231.5( )476.3( )-1285.8( )476.3( )-1285.8( )476.3( )-1000.1(.92)-12.1( )476.3( )-1285.8( )]TJ -18.1969 -1.1192 TD 28.2051 Tc 0 Tw [( )27478.8( )]TJ ET 0.5 g 369.33 320.01 22.56 -0.48 re f BT 10.079 0 0 10.079 392.13 316.1701 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 416.85 320.01 22.56 -0.48 re f BT 10.079 0 0 10.079 439.65 316.1701 Tm 0 g 0.25 Tc [( )-476.3( )]TJ ET 0.5 g 464.37 320.01 22.56 -0.48 re f BT 10.079 0 0 10.079 487.17 316.1701 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 511.89 320.01 22.56 -0.48 re f BT 10.079 0 0 10.079 534.6899 316.1701 Tm 0 g 0 Tc ( )Tj ET 0.934 g 67.65 314.01 9.36 -11.04 re f BT 10.079 0 0 10.079 67.65 304.8901 Tm 0 g ( )Tj ET 0.934 g 77.25 314.01 9.36 -11.04 re f BT 10.079 0 0 10.079 77.25 304.8901 Tm 0 g ( )Tj ET 0.934 g 86.85 314.01 267.36 -11.04 re f BT 10.079 0 0 10.079 86.85 304.8901 Tm 0 g -0.0001 Tc 0.0001 Tw (NET INCOME \(LOSS\))Tj ET 0.934 g 354.45 314.01 9.6 -11.04 re f BT 10.079 0 0 10.079 354.45 304.8901 Tm 0 g 0 Tc 0 Tw ( )Tj ET 0.934 g 364.29 314.01 4.8 -11.04 re f BT 10.079 0 0 10.079 364.29 304.8901 Tm 0 g ($)Tj ET 0.934 g 369.33 314.01 22.56 -11.04 re f BT 10.079 0 0 10.079 376.05 304.8901 Tm 0 g (\(.58)Tj ET 0.934 g 392.13 314.01 9.6 -11.04 re f BT 10.079 0 0 10.079 392.13 304.8901 Tm 0 g (\))Tj ET 0.934 g 401.97 314.01 9.6 -11.04 re f BT 10.079 0 0 10.079 401.97 304.8901 Tm 0 g ( )Tj ET 0.934 g 411.81 314.01 4.8 -11.04 re f BT 10.079 0 0 10.079 411.81 304.8901 Tm 0 g ($)Tj ET 0.934 g 416.85 314.01 22.56 -11.04 re f BT 10.079 0 0 10.079 426.93 304.8901 Tm 0 g (.43)Tj ET 0.934 g 439.65 314.01 4.8 -11.04 re f BT 10.079 0 0 10.079 439.65 304.8901 Tm 0 g ( )Tj ET 0.934 g 444.69 314.01 9.6 -11.04 re f BT 10.079 0 0 10.079 444.69 304.8901 Tm 0 g ( )Tj ET 0.934 g 454.53 314.01 9.6 -11.04 re f BT 10.079 0 0 10.079 459.33 304.8901 Tm 0 g ($)Tj ET 0.934 g 464.37 314.01 22.56 -11.04 re f BT 10.079 0 0 10.079 466.05 304.8901 Tm 0 g (\(2.27)Tj ET 0.934 g 487.17 314.01 9.6 -11.04 re f BT 10.079 0 0 10.079 487.17 304.8901 Tm 0 g (\))Tj ET 0.934 g 497.01 314.01 9.6 -11.04 re f BT 10.079 0 0 10.079 497.01 304.8901 Tm 0 g ( )Tj ET 0.934 g 506.85 314.01 4.8 -11.04 re f BT 10.079 0 0 10.079 506.85 304.8901 Tm 0 g ($)Tj ET 0.934 g 511.89 314.01 22.56 -11.04 re f BT 10.079 0 0 10.079 516.9299 304.8901 Tm 0 g (1.74)Tj ET 0.934 g 534.69 314.01 9.6 -11.04 re f BT 10.079 0 0 10.079 534.6899 304.8901 Tm 0 g ( )Tj -46.3377 -1.1192 TD 28.2051 Tc [( )27478.8( )]TJ ET 0.5 g 369.33 298.65 22.56 -2.88 re f BT 10.079 0 0 10.079 392.13 293.6101 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 416.85 298.65 22.56 -2.88 re f BT 10.079 0 0 10.079 439.65 293.6101 Tm 0 g 0.25 Tc [( )-476.3( )]TJ ET 0.5 g 464.37 298.65 22.56 -2.88 re f BT 10.079 0 0 10.079 487.17 293.6101 Tm 0 g 0.7263 Tc ( )Tj ET 0.5 g 511.89 298.65 22.56 -2.88 re f BT 10.079 0 0 10.079 534.6899 293.6101 Tm 0 g 0 Tc ( )Tj -46.3377 -1.1192 TD -0.0001 Tc 0.0001 Tw (NET INCOME \(LOSS\) PER COMMON SHARE )Tj /F2 1 Tf 20.2202 0 TD 0 Tc 0 Tw ()Tj /F12 1 Tf 0.9999 0 TD -0.0001 Tc 0.0001 Tw ( DILUTED)Tj ET 0.934 g 67.65 279.21 9.36 -11.04 re f BT 10.079 0 0 10.079 67.65 270.0901 Tm 0 g 0 Tc 0 Tw ( )Tj ET 0.934 g 77.25 279.21 276.96 -11.04 re f BT 10.079 0 0 10.079 77.25 270.0901 Tm 0 g (Before cumulative effect of accounting change)Tj ET 0.934 g 354.45 279.21 9.6 -11.04 re f BT 10.079 0 0 10.079 354.45 270.0901 Tm 0 g ( )Tj ET 0.934 g 364.29 279.21 4.8 -11.04 re f BT 10.079 0 0 10.079 364.29 270.0901 Tm 0 g ($)Tj ET 0.934 g 369.33 279.21 22.56 -11.04 re f BT 10.079 0 0 10.079 376.05 270.0901 Tm 0 g (\(.58)Tj ET 0.934 g 392.13 279.21 9.6 -11.04 re f BT 10.079 0 0 10.079 392.13 270.0901 Tm 0 g (\))Tj ET 0.934 g 401.97 279.21 9.6 -11.04 re f BT 10.079 0 0 10.079 401.97 270.0901 Tm 0 g ( )Tj ET 0.934 g 411.81 279.21 4.8 -11.04 re f BT 10.079 0 0 10.079 411.81 270.0901 Tm 0 g ($)Tj ET 0.934 g 416.85 279.21 22.56 -11.04 re f BT 10.079 0 0 10.079 426.93 270.0901 Tm 0 g (.42)Tj ET 0.934 g 439.65 279.21 4.8 -11.04 re f BT 10.079 0 0 10.079 439.65 270.0901 Tm 0 g ( )Tj ET 0.934 g 444.69 279.21 9.6 -11.04 re f BT 10.079 0 0 10.079 444.69 270.0901 Tm 0 g ( )Tj ET 0.934 g 454.53 279.21 9.6 -11.04 re f BT 10.079 0 0 10.079 459.33 270.0901 Tm 0 g ($)Tj ET 0.934 g 464.37 279.21 22.56 -11.04 re f BT 10.079 0 0 10.079 466.05 270.0901 Tm 0 g (\(3.19)Tj ET 0.934 g 487.17 279.21 9.6 -11.04 re f BT 10.079 0 0 10.079 487.17 270.0901 Tm 0 g (\))Tj ET 0.934 g 497.01 279.21 9.6 -11.04 re f BT 10.079 0 0 10.079 497.01 270.0901 Tm 0 g ( )Tj ET 0.934 g 506.85 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11.76 -11.04 re f BT 10.079 0 0 10.079 448.53 804.3301 Tm 0 g ( )Tj ET 0.934 g 460.53 813.45 11.76 -11.04 re f BT 10.079 0 0 10.079 469.89 804.3301 Tm 0 g ( )Tj ET 0.934 g 472.53 813.45 22.56 -11.04 re f BT 10.079 0 0 10.079 479.25 804.3301 Tm 0 g (\(9.3)Tj ET 0.934 g 495.33 813.45 11.76 -11.04 re f BT 10.079 0 0 10.079 495.33 804.3301 Tm 0 g (\))Tj ET 0.934 g 507.33 813.45 11.76 -11.04 re f BT 10.079 0 0 10.079 507.33 804.3301 Tm 0 g ( )Tj ET 0.934 g 519.33 813.45 12 -11.04 re f BT 10.079 0 0 10.079 519.33 804.3301 Tm 0 g ( )Tj ET 0.934 g 531.57 813.45 20.88 -11.04 re f BT 10.079 0 0 10.079 531.5699 804.3301 Tm 0 g ( )Tj ET 0.934 g 552.69 813.45 12 -11.04 re f BT 10.079 0 0 10.079 552.6899 804.3301 Tm 0 g ( )Tj -50.9096 -1.2144 TD 0.9406 Tw [( Deferred )940.6(income )940.6(taxes)-20427.8( )-381( )762(\(6.6)-12.5(\))-309.9( )-333.4(13.7)-12.2( )-928.7( )762(\(12.8)-12.6(\))-857.6( )-857.2(9.6)-12.1( )]TJ ET 0.934 g 39.57 788.97 11.76 -11.04 re f BT 10.079 0 0 10.079 39.57 779.85 Tm 0 g 0 Tw ( )Tj ET 0.934 g 51.57 788.97 296.88 -11.04 re f BT 10.079 0 0 10.079 51.57 779.85 Tm 0 g (Gain on sale of assets)Tj ET 0.934 g 348.69 788.97 11.76 -11.04 re f BT 10.079 0 0 10.079 348.69 779.85 Tm 0 g ( )Tj ET 0.934 g 360.69 788.97 6.24 -11.04 re f BT 10.079 0 0 10.079 364.53 779.85 Tm 0 g ( )Tj ET 0.934 g 367.17 788.97 17.52 -11.04 re f BT 10.079 0 0 10.079 373.89 779.85 Tm 0 g (\(.5)Tj ET 0.934 g 384.93 788.97 6.24 -11.04 re f BT 10.079 0 0 10.079 384.93 779.85 Tm 0 g (\))Tj ET 0.934 g 391.41 788.97 11.76 -11.04 re f BT 10.079 0 0 10.079 391.41 779.85 Tm 0 g ( )Tj ET 0.934 g 403.41 788.97 11.76 -11.04 re f BT 10.079 0 0 10.079 412.77 779.85 Tm 0 g ( )Tj ET 0.934 g 415.41 788.97 20.88 -11.04 re f BT 10.079 0 0 10.079 425.49 779.85 Tm 0 g (\(.7)Tj ET 0.934 g 436.53 788.97 11.76 -11.04 re f BT 10.079 0 0 10.079 436.53 779.85 Tm 0 g (\))Tj ET 0.934 g 448.53 788.97 11.76 -11.04 re f BT 10.079 0 0 10.079 448.53 779.85 Tm 0 g ( )Tj ET 0.934 g 460.53 788.97 11.76 -11.04 re f BT 10.079 0 0 10.079 469.89 779.85 Tm 0 g ( )Tj ET 0.934 g 472.53 788.97 22.56 -11.04 re f BT 10.079 0 0 10.079 479.25 779.85 Tm 0 g (\(5.6)Tj ET 0.934 g 495.33 788.97 11.76 -11.04 re f BT 10.079 0 0 10.079 495.33 779.85 Tm 0 g (\))Tj ET 0.934 g 507.33 788.97 11.76 -11.04 re f BT 10.079 0 0 10.079 507.33 779.85 Tm 0 g ( )Tj ET 0.934 g 519.33 788.97 12 -11.04 re f BT 10.079 0 0 10.079 528.9299 779.85 Tm 0 g ( )Tj ET 0.934 g 531.57 788.97 20.88 -11.04 re f BT 10.079 0 0 10.079 541.65 779.85 Tm 0 g (\(.7)Tj ET 0.934 g 552.69 788.97 12 -11.04 re f BT 10.079 0 0 10.079 552.6899 779.85 Tm 0 g (\))Tj -50.9096 -1.2144 TD 0.9406 Tw [( Tax )940.6(credit)-25397.3( )547.7( )-571.5( )547.7( )-928.6( )428.6(\(5.2)-12.5(\))-857.6( )-1071.5( )-952.5( )428.6(\(5.2)-12.5(\))]TJ ET 0.934 g 39.57 764.49 11.76 -11.04 re f BT 10.079 0 0 10.079 39.57 755.3701 Tm 0 g 0 Tw ( )Tj ET 0.934 g 51.57 764.49 296.88 -11.04 re f BT 10.079 0 0 10.079 51.57 755.3701 Tm 0 g (Minority interest in Cliffs and Associates Limited)Tj ET 0.934 g 348.69 764.49 11.76 -11.04 re f BT 10.079 0 0 10.079 348.69 755.3701 Tm 0 g ( )Tj ET 0.934 g 360.69 764.49 6.24 -11.04 re f BT 10.079 0 0 10.079 364.53 755.3701 Tm 0 g ( )Tj ET 0.934 g 367.17 764.49 17.52 -11.04 re f BT 10.079 0 0 10.079 368.85 755.3701 Tm 0 g (\(1.3)Tj ET 0.934 g 384.93 764.49 6.24 -11.04 re f BT 10.079 0 0 10.079 384.93 755.3701 Tm 0 g (\))Tj ET 0.934 g 391.41 764.49 11.76 -11.04 re f BT 10.079 0 0 10.079 391.41 755.3701 Tm 0 g ( )Tj ET 0.934 g 403.41 764.49 11.76 -11.04 re f BT 10.079 0 0 10.079 412.77 755.3701 Tm 0 g ( )Tj ET 0.934 g 415.41 764.49 20.88 -11.04 re f BT 10.079 0 0 10.079 425.49 755.3701 Tm 0 g (\(.4)Tj ET 0.934 g 436.53 764.49 11.76 -11.04 re f BT 10.079 0 0 10.079 436.53 755.3701 Tm 0 g (\))Tj ET 0.934 g 448.53 764.49 11.76 -11.04 re f BT 10.079 0 0 10.079 448.53 755.3701 Tm 0 g ( )Tj ET 0.934 g 460.53 764.49 11.76 -11.04 re f BT 10.079 0 0 10.079 469.89 755.3701 Tm 0 g ( )Tj ET 0.934 g 472.53 764.49 22.56 -11.04 re f BT 10.079 0 0 10.079 479.25 755.3701 Tm 0 g (\(5.1)Tj ET 0.934 g 495.33 764.49 11.76 -11.04 re f BT 10.079 0 0 10.079 495.33 755.3701 Tm 0 g (\))Tj ET 0.934 g 507.33 764.49 11.76 -11.04 re f BT 10.079 0 0 10.079 507.33 755.3701 Tm 0 g ( )Tj ET 0.934 g 519.33 764.49 12 -11.04 re f BT 10.079 0 0 10.079 528.9299 755.3701 Tm 0 g ( )Tj ET 0.934 g 531.57 764.49 20.88 -11.04 re f BT 10.079 0 0 10.079 541.65 755.3701 Tm 0 g (\(.4)Tj ET 0.934 g 552.69 764.49 12 -11.04 re f BT 10.079 0 0 10.079 552.6899 755.3701 Tm 0 g (\))Tj -50.9096 -1.2144 TD 0.9406 Tw [( Equity )940.6(loss )940.6(in )940.6(Cliffs )940.6(and )940.6(Associates )940.6(Limited)-11813.6( )547.7( )-571.5( )547.7( )-833.4(4.0)-12.1( )-1071.5( )-357.2(13.7)-12.2( )]TJ ET 0.934 g 39.57 740.01 11.76 -11.04 re f BT 10.079 0 0 10.079 39.57 730.8901 Tm 0 g 0 Tw ( )Tj ET 0.934 g 51.57 740.01 296.88 -11.04 re f BT 10.079 0 0 10.079 51.57 730.8901 Tm 0 g (Loss on common stock investment)Tj ET 0.934 g 348.69 740.01 11.76 -11.04 re f BT 10.079 0 0 10.079 348.69 730.8901 Tm 0 g ( )Tj ET 0.934 g 360.69 740.01 6.24 -11.04 re f BT 10.079 0 0 10.079 360.69 730.8901 Tm 0 g ( )Tj ET 0.934 g 367.17 740.01 17.52 -11.04 re f BT 10.079 0 0 10.079 367.17 730.8901 Tm 0 g ( )Tj ET 0.934 g 384.93 740.01 6.24 -11.04 re f BT 10.079 0 0 10.079 384.93 730.8901 Tm 0 g ( )Tj ET 0.934 g 391.41 740.01 11.76 -11.04 re f BT 10.079 0 0 10.079 391.41 730.8901 Tm 0 g ( )Tj ET 0.934 g 403.41 740.01 11.76 -11.04 re f BT 10.079 0 0 10.079 403.41 730.8901 Tm 0 g ( )Tj ET 0.934 g 415.41 740.01 20.88 -11.04 re f BT 10.079 0 0 10.079 428.85 730.8901 Tm 0 g (.7)Tj ET 0.934 g 436.53 740.01 11.76 -11.04 re f BT 10.079 0 0 10.079 436.53 730.8901 Tm 0 g ( )Tj ET 0.934 g 448.53 740.01 11.76 -11.04 re f BT 10.079 0 0 10.079 448.53 730.8901 Tm 0 g ( )Tj ET 0.934 g 460.53 740.01 11.76 -11.04 re f BT 10.079 0 0 10.079 460.53 730.8901 Tm 0 g ( )Tj ET 0.934 g 472.53 740.01 22.56 -11.04 re f BT 10.079 0 0 10.079 472.53 730.8901 Tm 0 g ( )Tj ET 0.934 g 495.33 740.01 11.76 -11.04 re f BT 10.079 0 0 10.079 495.33 730.8901 Tm 0 g ( )Tj ET 0.934 g 507.33 740.01 11.76 -11.04 re f BT 10.079 0 0 10.079 507.33 730.8901 Tm 0 g ( )Tj ET 0.934 g 519.33 740.01 12 -11.04 re f BT 10.079 0 0 10.079 519.33 730.8901 Tm 0 g ( )Tj ET 0.934 g 531.57 740.01 20.88 -11.04 re f BT 10.079 0 0 10.079 534.9299 730.8901 Tm 0 g (10.9)Tj ET 0.934 g 552.69 740.01 12 -11.04 re f BT 10.079 0 0 10.079 552.6899 730.8901 Tm 0 g ( )Tj -50.9096 -1.2144 TD 0.9406 Tw [( Other)-27202.2( )47.6(1.2)-12.1( )547.7( )-833.4(2.8)-12.1( )-1000.1(3.8)-12.1( )-857.2(5.0)-12.1( )]TJ 0 -1.1192 TD 30.4196 Tc 0 Tw [( )29479( )]TJ ET 0.5 g 367.17 711.21 17.52 -0.48 re f BT 10.079 0 0 10.079 384.93 707.3701 Tm 0 g 0.3929 Tc [( )-547.7( )]TJ ET 0.5 g 415.41 711.21 20.88 -0.48 re f BT 10.079 0 0 10.079 436.53 707.3701 Tm 0 g 0.9406 Tc ( )Tj ET 0.5 g 472.53 711.21 22.56 -0.48 re f BT 10.079 0 0 10.079 495.33 707.3701 Tm 0 g ( )Tj ET 0.5 g 531.57 711.21 20.88 -0.48 re f BT 10.079 0 0 10.079 552.6899 707.3701 Tm 0 g 0 Tc ( )Tj ET 0.934 g 39.57 705.21 11.76 -11.04 re f BT 10.079 0 0 10.079 39.57 696.0901 Tm 0 g ( )Tj ET 0.934 g 51.57 705.21 11.76 -11.04 re f BT 10.079 0 0 10.079 51.57 696.0901 Tm 0 g ( )Tj ET 0.934 g 63.57 705.21 284.88 -11.04 re f BT 10.079 0 0 10.079 63.57 696.0901 Tm 0 g (Total before changes in operating assets and liabilities)Tj ET 0.934 g 348.69 705.21 11.76 -11.04 re f BT 10.079 0 0 10.079 348.69 696.0901 Tm 0 g ( )Tj ET 0.934 g 360.69 705.21 6.24 -11.04 re f BT 10.079 0 0 10.079 364.53 696.0901 Tm 0 g ( )Tj ET 0.934 g 367.17 705.21 17.52 -11.04 re f BT 10.079 0 0 10.079 368.85 696.0901 Tm 0 g (\(6.5)Tj ET 0.934 g 384.93 705.21 6.24 -11.04 re f BT 10.079 0 0 10.079 384.93 696.0901 Tm 0 g (\))Tj ET 0.934 g 391.41 705.21 11.76 -11.04 re f BT 10.079 0 0 10.079 391.41 696.0901 Tm 0 g ( )Tj ET 0.934 g 403.41 705.21 11.76 -11.04 re f BT 10.079 0 0 10.079 403.41 696.0901 Tm 0 g ( )Tj ET 0.934 g 415.41 705.21 20.88 -11.04 re f BT 10.079 0 0 10.079 418.77 696.0901 Tm 0 g (25.8)Tj ET 0.934 g 436.53 705.21 11.76 -11.04 re f BT 10.079 0 0 10.079 436.53 696.0901 Tm 0 g ( )Tj ET 0.934 g 448.53 705.21 11.76 -11.04 re f BT 10.079 0 0 10.079 448.53 696.0901 Tm 0 g ( )Tj ET 0.934 g 460.53 705.21 11.76 -11.04 re f BT 10.079 0 0 10.079 469.89 696.0901 Tm 0 g ( )Tj ET 0.934 g 472.53 705.21 22.56 -11.04 re f BT 10.079 0 0 10.079 474.21 696.0901 Tm 0 g (\(25.7)Tj ET 0.934 g 495.33 705.21 11.76 -11.04 re f BT 10.079 0 0 10.079 495.33 696.0901 Tm 0 g (\))Tj ET 0.934 g 507.33 705.21 11.76 -11.04 re f BT 10.079 0 0 10.079 507.33 696.0901 Tm 0 g ( )Tj ET 0.934 g 519.33 705.21 12 -11.04 re f BT 10.079 0 0 10.079 519.33 696.0901 Tm 0 g ( )Tj ET 0.934 g 531.57 705.21 20.88 -11.04 re f BT 10.079 0 0 10.079 534.9299 696.0901 Tm 0 g (76.6)Tj ET 0.934 g 552.69 705.21 12 -11.04 re f BT 10.079 0 0 10.079 552.6899 696.0901 Tm 0 g ( )Tj -50.9096 -1.2144 TD [( )-940.6(Changes in operating assets and liabilities)-12731.5( )-940.6( )-392.9(45.3)-12.2( )-392.9( )-1869.2( )-11.9(\(24.1)-12.6(\))-857.6( )-940.6( )-1440.6(32.5)-12.2( )-940.6( )-1893.1( )-11.9(\(48.9)-12.6(\))]TJ 0 -1.1192 TD 30.4196 Tc [( )29479( )]TJ ET 0.5 g 367.17 676.41 17.52 -0.48 re f BT 10.079 0 0 10.079 384.93 672.5701 Tm 0 g 0.3929 Tc [( )-547.7( )]TJ ET 0.5 g 415.41 676.41 20.88 -0.48 re f BT 10.079 0 0 10.079 436.53 672.5701 Tm 0 g 0.9406 Tc ( )Tj ET 0.5 g 472.53 676.41 22.56 -0.48 re f BT 10.079 0 0 10.079 495.33 672.5701 Tm 0 g ( )Tj ET 0.5 g 531.57 676.41 20.88 -0.48 re f BT 10.079 0 0 10.079 552.6899 672.5701 Tm 0 g 0 Tc ( )Tj ET 0.934 g 39.57 670.41 11.76 -11.04 re f BT 10.079 0 0 10.079 39.57 661.29 Tm 0 g ( )Tj ET 0.934 g 51.57 670.41 11.76 -11.04 re f BT 10.079 0 0 10.079 51.57 661.29 Tm 0 g ( )Tj ET 0.934 g 63.57 670.41 11.76 -11.04 re f BT 10.079 0 0 10.079 63.57 661.29 Tm 0 g ( )Tj ET 0.934 g 75.57 670.41 272.88 -11.04 re f BT 10.079 0 0 10.079 75.57 661.29 Tm 0 g (Net cash from operating activities)Tj ET 0.934 g 348.69 670.41 11.76 -11.04 re f BT 10.079 0 0 10.079 348.69 661.29 Tm 0 g ( )Tj ET 0.934 g 360.69 670.41 6.24 -11.04 re f BT 10.079 0 0 10.079 360.69 661.29 Tm 0 g ( )Tj ET 0.934 g 367.17 670.41 17.52 -11.04 re f BT 10.079 0 0 10.079 367.17 661.29 Tm 0 g (38.8)Tj ET 0.934 g 384.93 670.41 6.24 -11.04 re f BT 10.079 0 0 10.079 384.93 661.29 Tm 0 g ( )Tj ET 0.934 g 391.41 670.41 11.76 -11.04 re f BT 10.079 0 0 10.079 391.41 661.29 Tm 0 g ( )Tj ET 0.934 g 403.41 670.41 11.76 -11.04 re f BT 10.079 0 0 10.079 403.41 661.29 Tm 0 g ( )Tj ET 0.934 g 415.41 670.41 20.88 -11.04 re f BT 10.079 0 0 10.079 423.81 661.29 Tm 0 g (1.7)Tj ET 0.934 g 436.53 670.41 11.76 -11.04 re f BT 10.079 0 0 10.079 436.53 661.29 Tm 0 g ( )Tj ET 0.934 g 448.53 670.41 11.76 -11.04 re f BT 10.079 0 0 10.079 448.53 661.29 Tm 0 g ( )Tj ET 0.934 g 460.53 670.41 11.76 -11.04 re f BT 10.079 0 0 10.079 460.53 661.29 Tm 0 g ( )Tj ET 0.934 g 472.53 670.41 22.56 -11.04 re f BT 10.079 0 0 10.079 482.61 661.29 Tm 0 g (6.8)Tj ET 0.934 g 495.33 670.41 11.76 -11.04 re f BT 10.079 0 0 10.079 495.33 661.29 Tm 0 g ( )Tj ET 0.934 g 507.33 670.41 11.76 -11.04 re f BT 10.079 0 0 10.079 507.33 661.29 Tm 0 g ( )Tj ET 0.934 g 519.33 670.41 12 -11.04 re f BT 10.079 0 0 10.079 519.33 661.29 Tm 0 g ( )Tj ET 0.934 g 531.57 670.41 20.88 -11.04 re f BT 10.079 0 0 10.079 534.9299 661.29 Tm 0 g (27.7)Tj ET 0.934 g 552.69 670.41 12 -11.04 re f BT 10.079 0 0 10.079 552.6899 661.29 Tm 0 g ( )Tj 12 0 0 12 39.57 648.3301 Tm ( )Tj 10.079 0 0 10.079 39.57 636.5701 Tm -0.0001 Tc 0.9407 Tw [(INVESTING )940.6(ACTIVITIES)-19589.6( )547.7( )-571.5( )547.7( )-904.8( )-1071.5( )-23.8( )-904.8( )]TJ ET 0.934 g 39.57 633.45 11.76 -11.04 re f BT 10.079 0 0 10.079 39.57 624.3301 Tm 0 g 0 Tc 0 Tw ( )Tj ET 0.934 g 51.57 633.45 296.88 -11.04 re f BT 10.079 0 0 10.079 51.57 624.3301 Tm 0 g (Purchase of property, plant and equipment:)Tj ET 0.934 g 348.69 633.45 11.76 -11.04 re f BT 10.079 0 0 10.079 348.69 624.3301 Tm 0 g ( )Tj ET 0.934 g 360.69 633.45 6.24 -11.04 re f BT 10.079 0 0 10.079 360.69 624.3301 Tm 0 g ( )Tj ET 0.934 g 367.17 633.45 17.52 -11.04 re f BT 10.079 0 0 10.079 367.17 624.3301 Tm 0 g ( )Tj ET 0.934 g 384.93 633.45 6.24 -11.04 re f BT 10.079 0 0 10.079 384.93 624.3301 Tm 0 g ( )Tj ET 0.934 g 391.41 633.45 11.76 -11.04 re f BT 10.079 0 0 10.079 391.41 624.3301 Tm 0 g ( )Tj ET 0.934 g 403.41 633.45 11.76 -11.04 re f BT 10.079 0 0 10.079 403.41 624.3301 Tm 0 g ( )Tj ET 0.934 g 415.41 633.45 20.88 -11.04 re f BT 10.079 0 0 10.079 415.41 624.3301 Tm 0 g ( )Tj ET 0.934 g 436.53 633.45 11.76 -11.04 re f BT 10.079 0 0 10.079 436.53 624.3301 Tm 0 g ( )Tj ET 0.934 g 448.53 633.45 11.76 -11.04 re f BT 10.079 0 0 10.079 448.53 624.3301 Tm 0 g ( )Tj ET 0.934 g 460.53 633.45 11.76 -11.04 re f BT 10.079 0 0 10.079 460.53 624.3301 Tm 0 g ( )Tj ET 0.934 g 472.53 633.45 22.56 -11.04 re f BT 10.079 0 0 10.079 472.53 624.3301 Tm 0 g ( )Tj ET 0.934 g 495.33 633.45 11.76 -11.04 re f BT 10.079 0 0 10.079 495.33 624.3301 Tm 0 g ( )Tj ET 0.934 g 507.33 633.45 11.76 -11.04 re f BT 10.079 0 0 10.079 507.33 624.3301 Tm 0 g ( )Tj ET 0.934 g 519.33 633.45 12 -11.04 re f BT 10.079 0 0 10.079 519.33 624.3301 Tm 0 g ( )Tj ET 0.934 g 531.57 633.45 20.88 -11.04 re f BT 10.079 0 0 10.079 531.5699 624.3301 Tm 0 g ( )Tj ET 0.934 g 552.69 633.45 12 -11.04 re f BT 10.079 0 0 10.079 552.6899 624.3301 Tm 0 g ( )Tj -50.9096 -1.2144 TD 0.9406 Tw [( Consolidated:)-22732.9( )547.7( )-571.5( )547.7( )-904.8( )-1071.5( )-23.8( )-904.8( )]TJ ET 0.934 g 39.57 608.97 11.76 -11.04 re f BT 10.079 0 0 10.079 39.57 599.85 Tm 0 g 0 Tw ( )Tj ET 0.934 g 51.57 608.97 11.76 -11.04 re f BT 10.079 0 0 10.079 51.57 599.85 Tm 0 g ( )Tj ET 0.934 g 63.57 608.97 11.76 -11.04 re f BT 10.079 0 0 10.079 63.57 599.85 Tm 0 g ( )Tj ET 0.934 g 75.57 608.97 272.88 -11.04 re f BT 10.079 0 0 10.079 75.57 599.85 Tm 0 g (Cliffs and Associates Limited)Tj ET 0.934 g 348.69 608.97 11.76 -11.04 re f BT 10.079 0 0 10.079 348.69 599.85 Tm 0 g ( )Tj ET 0.934 g 360.69 608.97 6.24 -11.04 re f BT 10.079 0 0 10.079 360.69 599.85 Tm 0 g ( )Tj ET 0.934 g 367.17 608.97 17.52 -11.04 re f BT 10.079 0 0 10.079 367.17 599.85 Tm 0 g ( )Tj ET 0.934 g 384.93 608.97 6.24 -11.04 re f BT 10.079 0 0 10.079 384.93 599.85 Tm 0 g ( )Tj ET 0.934 g 391.41 608.97 11.76 -11.04 re f BT 10.079 0 0 10.079 391.41 599.85 Tm 0 g ( )Tj ET 0.934 g 403.41 608.97 11.76 -11.04 re f BT 10.079 0 0 10.079 412.77 599.85 Tm 0 g ( )Tj ET 0.934 g 415.41 608.97 20.88 -11.04 re f BT 10.079 0 0 10.079 420.45 599.85 Tm 0 g (\(5.1)Tj ET 0.934 g 436.53 608.97 11.76 -11.04 re f BT 10.079 0 0 10.079 436.53 599.85 Tm 0 g (\))Tj ET 0.934 g 448.53 608.97 11.76 -11.04 re f BT 10.079 0 0 10.079 448.53 599.85 Tm 0 g ( )Tj ET 0.934 g 460.53 608.97 11.76 -11.04 re f BT 10.079 0 0 10.079 469.89 599.85 Tm 0 g ( )Tj ET 0.934 g 472.53 608.97 22.56 -11.04 re f BT 10.079 0 0 10.079 479.25 599.85 Tm 0 g (\(6.0)Tj ET 0.934 g 495.33 608.97 11.76 -11.04 re f BT 10.079 0 0 10.079 495.33 599.85 Tm 0 g (\))Tj ET 0.934 g 507.33 608.97 11.76 -11.04 re f BT 10.079 0 0 10.079 507.33 599.85 Tm 0 g ( )Tj ET 0.934 g 519.33 608.97 12 -11.04 re f BT 10.079 0 0 10.079 528.9299 599.85 Tm 0 g ( )Tj ET 0.934 g 531.57 608.97 20.88 -11.04 re f BT 10.079 0 0 10.079 536.61 599.85 Tm 0 g (\(5.1)Tj ET 0.934 g 552.69 608.97 12 -11.04 re f BT 10.079 0 0 10.079 552.6899 599.85 Tm 0 g (\))Tj -50.9096 -1.2144 TD 0.9406 Tw [( Other)-24821( )-381( )261.9(\(.6)-12.4(\))-309.9( )-928.6( )428.6(\(7.3)-12.5(\))-857.6( )-928.7( )261.9(\(3.2)-12.5(\))-857.6( )-952.5( )928.7(\(12.7)-12.6(\))]TJ ET 0.934 g 39.57 584.49 11.76 -11.04 re f BT 10.079 0 0 10.079 39.57 575.3701 Tm 0 g 0 Tw ( )Tj ET 0.934 g 51.57 584.49 11.76 -11.04 re f BT 10.079 0 0 10.079 51.57 575.3701 Tm 0 g ( )Tj ET 0.934 g 63.57 584.49 284.88 -11.04 re f BT 10.079 0 0 10.079 63.57 575.3701 Tm 0 g (Share of associated companies)Tj ET 0.934 g 348.69 584.49 11.76 -11.04 re f BT 10.079 0 0 10.079 348.69 575.3701 Tm 0 g ( )Tj ET 0.934 g 360.69 584.49 6.24 -11.04 re f BT 10.079 0 0 10.079 364.53 575.3701 Tm 0 g ( )Tj ET 0.934 g 367.17 584.49 17.52 -11.04 re f BT 10.079 0 0 10.079 368.85 575.3701 Tm 0 g (\(1.9)Tj ET 0.934 g 384.93 584.49 6.24 -11.04 re f BT 10.079 0 0 10.079 384.93 575.3701 Tm 0 g (\))Tj ET 0.934 g 391.41 584.49 11.76 -11.04 re f BT 10.079 0 0 10.079 391.41 575.3701 Tm 0 g ( )Tj ET 0.934 g 403.41 584.49 11.76 -11.04 re f BT 10.079 0 0 10.079 412.77 575.3701 Tm 0 g ( )Tj ET 0.934 g 415.41 584.49 20.88 -11.04 re f BT 10.079 0 0 10.079 420.45 575.3701 Tm 0 g (\(1.5)Tj ET 0.934 g 436.53 584.49 11.76 -11.04 re f BT 10.079 0 0 10.079 436.53 575.3701 Tm 0 g (\))Tj ET 0.934 g 448.53 584.49 11.76 -11.04 re f BT 10.079 0 0 10.079 448.53 575.3701 Tm 0 g ( )Tj ET 0.934 g 460.53 584.49 11.76 -11.04 re f BT 10.079 0 0 10.079 469.89 575.3701 Tm 0 g ( )Tj ET 0.934 g 472.53 584.49 22.56 -11.04 re f BT 10.079 0 0 10.079 479.25 575.3701 Tm 0 g (\(4.0)Tj ET 0.934 g 495.33 584.49 11.76 -11.04 re f BT 10.079 0 0 10.079 495.33 575.3701 Tm 0 g (\))Tj ET 0.934 g 507.33 584.49 11.76 -11.04 re f BT 10.079 0 0 10.079 507.33 575.3701 Tm 0 g ( )Tj ET 0.934 g 519.33 584.49 12 -11.04 re f BT 10.079 0 0 10.079 528.9299 575.3701 Tm 0 g ( )Tj ET 0.934 g 531.57 584.49 20.88 -11.04 re f BT 10.079 0 0 10.079 536.61 575.3701 Tm 0 g (\(5.6)Tj ET 0.934 g 552.69 584.49 12 -11.04 re f BT 10.079 0 0 10.079 552.6899 575.3701 Tm 0 g (\))Tj -50.9096 -1.2144 TD [( )-940.6(Equity investment and advances in Cliffs and Associates Limited)-3372.3( )-940.6( )-392.9( )-1512.1( )-392.9( )-1869.2( )-512(\(2.5)-12.5(\))-857.6( )-940.6( )-940.6( )-2012.1( )-940.6( )-1893.1( )-11.9(\(13.8)-12.6(\))]TJ ET 0.934 g 39.57 560.01 11.76 -11.04 re f BT 10.079 0 0 10.079 39.57 550.8901 Tm 0 g ( )Tj ET 0.934 g 51.57 560.01 296.88 -11.04 re f BT 10.079 0 0 10.079 51.57 550.8901 Tm 0 g (Purchase of additional interest in Cliffs and Associates Limited)Tj ET 0.934 g 348.69 560.01 11.76 -11.04 re f BT 10.079 0 0 10.079 348.69 550.8901 Tm 0 g ( )Tj ET 0.934 g 360.69 560.01 6.24 -11.04 re f BT 10.079 0 0 10.079 360.69 550.8901 Tm 0 g ( )Tj ET 0.934 g 367.17 560.01 17.52 -11.04 re f BT 10.079 0 0 10.079 367.17 550.8901 Tm 0 g ( )Tj ET 0.934 g 384.93 560.01 6.24 -11.04 re f BT 10.079 0 0 10.079 384.93 550.8901 Tm 0 g ( )Tj ET 0.934 g 391.41 560.01 11.76 -11.04 re f BT 10.079 0 0 10.079 391.41 550.8901 Tm 0 g ( )Tj ET 0.934 g 403.41 560.01 11.76 -11.04 re f BT 10.079 0 0 10.079 412.77 550.8901 Tm 0 g ( )Tj ET 0.934 g 415.41 560.01 20.88 -11.04 re f BT 10.079 0 0 10.079 420.45 550.8901 Tm 0 g (\(1.7)Tj ET 0.934 g 436.53 560.01 11.76 -11.04 re f BT 10.079 0 0 10.079 436.53 550.8901 Tm 0 g (\))Tj ET 0.934 g 448.53 560.01 11.76 -11.04 re f BT 10.079 0 0 10.079 448.53 550.8901 Tm 0 g ( )Tj ET 0.934 g 460.53 560.01 11.76 -11.04 re f BT 10.079 0 0 10.079 460.53 550.8901 Tm 0 g ( )Tj ET 0.934 g 472.53 560.01 22.56 -11.04 re f BT 10.079 0 0 10.079 472.53 550.8901 Tm 0 g ( )Tj ET 0.934 g 495.33 560.01 11.76 -11.04 re f BT 10.079 0 0 10.079 495.33 550.8901 Tm 0 g ( )Tj ET 0.934 g 507.33 560.01 11.76 -11.04 re f BT 10.079 0 0 10.079 507.33 550.8901 Tm 0 g ( )Tj ET 0.934 g 519.33 560.01 12 -11.04 re f BT 10.079 0 0 10.079 528.9299 550.8901 Tm 0 g ( )Tj ET 0.934 g 531.57 560.01 20.88 -11.04 re f BT 10.079 0 0 10.079 536.61 550.8901 Tm 0 g (\(1.7)Tj ET 0.934 g 552.69 560.01 12 -11.04 re f BT 10.079 0 0 10.079 552.6899 550.8901 Tm 0 g (\))Tj -50.9096 -1.2144 TD 0.9406 Tw [( Proceeds )940.6(from )940.6(sale )940.6(of )940.6(assets)-18205( )-452.4(.5)-12( )547.7( )-1333.4(.4)-12( )-500(11.0)-12.2( )-1357.3(.9)-12( )]TJ ET 0.934 g 39.57 535.53 11.76 -11.04 re f BT 10.079 0 0 10.079 39.57 526.41 Tm 0 g 0 Tw ( )Tj ET 0.934 g 51.57 535.53 296.88 -11.04 re f BT 10.079 0 0 10.079 51.57 526.41 Tm 0 g (Other)Tj ET 0.934 g 348.69 535.53 11.76 -11.04 re f BT 10.079 0 0 10.079 348.69 526.41 Tm 0 g ( )Tj ET 0.934 g 360.69 535.53 6.24 -11.04 re f BT 10.079 0 0 10.079 364.53 526.41 Tm 0 g ( )Tj ET 0.934 g 367.17 535.53 17.52 -11.04 re f BT 10.079 0 0 10.079 368.85 526.41 Tm 0 g (\(3.3)Tj ET 0.934 g 384.93 535.53 6.24 -11.04 re f BT 10.079 0 0 10.079 384.93 526.41 Tm 0 g (\))Tj ET 0.934 g 391.41 535.53 11.76 -11.04 re f BT 10.079 0 0 10.079 391.41 526.41 Tm 0 g ( )Tj ET 0.934 g 403.41 535.53 11.76 -11.04 re f BT 10.079 0 0 10.079 412.77 526.41 Tm 0 g ( )Tj ET 0.934 g 415.41 535.53 20.88 -11.04 re f BT 10.079 0 0 10.079 425.49 526.41 Tm 0 g (\(.3)Tj ET 0.934 g 436.53 535.53 11.76 -11.04 re f BT 10.079 0 0 10.079 436.53 526.41 Tm 0 g (\))Tj ET 0.934 g 448.53 535.53 11.76 -11.04 re f BT 10.079 0 0 10.079 448.53 526.41 Tm 0 g ( )Tj ET 0.934 g 460.53 535.53 11.76 -11.04 re f BT 10.079 0 0 10.079 469.89 526.41 Tm 0 g ( )Tj ET 0.934 g 472.53 535.53 22.56 -11.04 re f BT 10.079 0 0 10.079 479.25 526.41 Tm 0 g (\(3.7)Tj ET 0.934 g 495.33 535.53 11.76 -11.04 re f BT 10.079 0 0 10.079 495.33 526.41 Tm 0 g (\))Tj ET 0.934 g 507.33 535.53 11.76 -11.04 re f BT 10.079 0 0 10.079 507.33 526.41 Tm 0 g ( )Tj ET 0.934 g 519.33 535.53 12 -11.04 re f BT 10.079 0 0 10.079 528.9299 526.41 Tm 0 g ( )Tj ET 0.934 g 531.57 535.53 20.88 -11.04 re f BT 10.079 0 0 10.079 541.65 526.41 Tm 0 g (\(.3)Tj ET 0.934 g 552.69 535.53 12 -11.04 re f BT 10.079 0 0 10.079 552.6899 526.41 Tm 0 g (\))Tj -50.9096 -1.1192 TD 30.4196 Tc [( )29479( )]TJ ET 0.5 g 367.17 518.97 17.52 -0.48 re f BT 10.079 0 0 10.079 384.93 515.1301 Tm 0 g 0.3929 Tc [( )-547.7( )]TJ ET 0.5 g 415.41 518.97 20.88 -0.48 re f BT 10.079 0 0 10.079 436.53 515.1301 Tm 0 g 0.9406 Tc ( )Tj ET 0.5 g 472.53 518.97 22.56 -0.48 re f BT 10.079 0 0 10.079 495.33 515.1301 Tm 0 g ( )Tj ET 0.5 g 531.57 518.97 20.88 -0.48 re f BT 10.079 0 0 10.079 552.6899 515.1301 Tm 0 g 0 Tc ( )Tj -50.9096 -1.1192 TD [( )-940.6( )-940.6( )-940.6(Net cash \(used by\) investing activities)-11851.2( )-1321.6( )-178.6(\(5.3)-12.5(\))-309.9( )-1869.2( )-11.9(\(18.0)-12.6(\))-857.6( )-1869.3( )-678.7(\(5.9)-12.5(\))-857.6( )-1893.1( )-11.9(\(38.3)-12.6(\))]TJ 12 0 0 12 39.57 490.8901 Tm ( )Tj ET 0.934 g 39.57 488.25 525.12 -11.04 re f BT 10.079 0 0 10.079 39.57 479.1301 Tm 0 g -0.0001 Tc 0.0001 Tw (FINANCING ACTIVITIES)Tj 0 -1.2144 TD 0 Tc 0.9406 Tw [( Dividends)-25368.3( )-381( )762(\(1.0)-12.5(\))-309.9( )-928.6( )428.6(\(3.8)-12.5(\))-857.6( )-928.7( )261.9(\(4.1)-12.5(\))-857.6( )-952.5( )928.7(\(15.7)-12.6(\))]TJ ET 0.934 g 39.57 463.77 11.76 -11.04 re f BT 10.079 0 0 10.079 39.57 454.6501 Tm 0 g 0 Tw ( )Tj ET 0.934 g 51.57 463.77 296.88 -11.04 re f BT 10.079 0 0 10.079 51.57 454.6501 Tm 0 g (Repurchases of Common Shares)Tj ET 0.934 g 348.69 463.77 11.76 -11.04 re f BT 10.079 0 0 10.079 348.69 454.6501 Tm 0 g ( )Tj ET 0.934 g 360.69 463.77 6.24 -11.04 re f BT 10.079 0 0 10.079 360.69 454.6501 Tm 0 g ( )Tj ET 0.934 g 367.17 463.77 17.52 -11.04 re f BT 10.079 0 0 10.079 367.17 454.6501 Tm 0 g ( )Tj ET 0.934 g 384.93 463.77 6.24 -11.04 re f BT 10.079 0 0 10.079 384.93 454.6501 Tm 0 g ( )Tj ET 0.934 g 391.41 463.77 11.76 -11.04 re f BT 10.079 0 0 10.079 391.41 454.6501 Tm 0 g ( )Tj ET 0.934 g 403.41 463.77 11.76 -11.04 re f BT 10.079 0 0 10.079 412.77 454.6501 Tm 0 g ( )Tj ET 0.934 g 415.41 463.77 20.88 -11.04 re f BT 10.079 0 0 10.079 420.45 454.6501 Tm 0 g (\(3.8)Tj ET 0.934 g 436.53 463.77 11.76 -11.04 re f BT 10.079 0 0 10.079 436.53 454.6501 Tm 0 g (\))Tj ET 0.934 g 448.53 463.77 11.76 -11.04 re f BT 10.079 0 0 10.079 448.53 454.6501 Tm 0 g ( )Tj ET 0.934 g 460.53 463.77 11.76 -11.04 re f BT 10.079 0 0 10.079 460.53 454.6501 Tm 0 g ( )Tj ET 0.934 g 472.53 463.77 22.56 -11.04 re f BT 10.079 0 0 10.079 472.53 454.6501 Tm 0 g ( )Tj ET 0.934 g 495.33 463.77 11.76 -11.04 re f BT 10.079 0 0 10.079 495.33 454.6501 Tm 0 g ( )Tj ET 0.934 g 507.33 463.77 11.76 -11.04 re f BT 10.079 0 0 10.079 507.33 454.6501 Tm 0 g ( )Tj ET 0.934 g 519.33 463.77 12 -11.04 re f BT 10.079 0 0 10.079 528.9299 454.6501 Tm 0 g ( )Tj ET 0.934 g 531.57 463.77 20.88 -11.04 re f BT 10.079 0 0 10.079 531.5699 454.6501 Tm 0 g (\(15.6)Tj ET 0.934 g 552.69 463.77 12 -11.04 re f BT 10.079 0 0 10.079 552.6899 454.6501 Tm 0 g (\))Tj -50.9096 -1.2144 TD 0.9406 Tw [( Borrowings )940.6(under )940.6(revolving )940.6(credit )940.6(facility)-12538.5( )547.7( )-571.5( )547.7( )-904.8( 100.0)-12.3( )-23.8( )-904.8( )]TJ ET 0.934 g 39.57 439.29 11.76 -11.04 re f BT 10.079 0 0 10.079 39.57 430.1701 Tm 0 g 0 Tw ( )Tj ET 0.934 g 51.57 439.29 296.88 -11.04 re f BT 10.079 0 0 10.079 51.57 430.1701 Tm 0 g (Proceeds from LTV Steel Mining Company transaction)Tj ET 0.934 g 348.69 439.29 11.76 -11.04 re f BT 10.079 0 0 10.079 348.69 430.1701 Tm 0 g ( )Tj ET 0.934 g 360.69 439.29 6.24 -11.04 re f BT 10.079 0 0 10.079 360.69 430.1701 Tm 0 g ( )Tj ET 0.934 g 367.17 439.29 17.52 -11.04 re f BT 10.079 0 0 10.079 367.17 430.1701 Tm 0 g (50.0)Tj ET 0.934 g 384.93 439.29 6.24 -11.04 re f BT 10.079 0 0 10.079 384.93 430.1701 Tm 0 g ( )Tj ET 0.934 g 391.41 439.29 11.76 -11.04 re f BT 10.079 0 0 10.079 391.41 430.1701 Tm 0 g ( )Tj ET 0.934 g 403.41 439.29 11.76 -11.04 re f BT 10.079 0 0 10.079 403.41 430.1701 Tm 0 g ( )Tj ET 0.934 g 415.41 439.29 20.88 -11.04 re f BT 10.079 0 0 10.079 415.41 430.1701 Tm 0 g ( )Tj ET 0.934 g 436.53 439.29 11.76 -11.04 re f BT 10.079 0 0 10.079 436.53 430.1701 Tm 0 g ( )Tj ET 0.934 g 448.53 439.29 11.76 -11.04 re f BT 10.079 0 0 10.079 448.53 430.1701 Tm 0 g ( )Tj ET 0.934 g 460.53 439.29 11.76 -11.04 re f BT 10.079 0 0 10.079 460.53 430.1701 Tm 0 g ( )Tj ET 0.934 g 472.53 439.29 22.56 -11.04 re f BT 10.079 0 0 10.079 477.57 430.1701 Tm 0 g (50.0)Tj ET 0.934 g 495.33 439.29 11.76 -11.04 re f BT 10.079 0 0 10.079 495.33 430.1701 Tm 0 g ( )Tj ET 0.934 g 507.33 439.29 11.76 -11.04 re f BT 10.079 0 0 10.079 507.33 430.1701 Tm 0 g ( )Tj ET 0.934 g 519.33 439.29 12 -11.04 re f BT 10.079 0 0 10.079 519.33 430.1701 Tm 0 g ( )Tj ET 0.934 g 531.57 439.29 20.88 -11.04 re f BT 10.079 0 0 10.079 531.5699 430.1701 Tm 0 g ( )Tj ET 0.934 g 552.69 439.29 12 -11.04 re f BT 10.079 0 0 10.079 552.6899 430.1701 Tm 0 g ( )Tj -50.9096 -1.2144 TD [( )-940.6(Contributions to Cliffs and Associates Limited of minority shareholder)-1093.5( )-940.6( )-1393(.1)-12( )-392.9( )-940.6( )-1774(4.2)-12.1( )-940.6( )-940.6( )-1940.7(7.1)-12.1( )-940.6( )-940.6( )-1797.8(4.2)-12.1( )]TJ 0 -1.1192 TD 30.4196 Tc [( )29479( )]TJ ET 0.5 g 367.17 410.49 17.52 -0.48 re f BT 10.079 0 0 10.079 384.93 406.6501 Tm 0 g 0.3929 Tc [( )-547.7( )]TJ ET 0.5 g 415.41 410.49 20.88 -0.48 re f BT 10.079 0 0 10.079 436.53 406.6501 Tm 0 g 0.9406 Tc ( )Tj ET 0.5 g 472.53 410.49 22.56 -0.48 re f BT 10.079 0 0 10.079 495.33 406.6501 Tm 0 g ( )Tj ET 0.5 g 531.57 410.49 20.88 -0.48 re f BT 10.079 0 0 10.079 552.6899 406.6501 Tm 0 g 0 Tc ( )Tj ET 0.934 g 39.57 404.49 11.76 -11.04 re f BT 10.079 0 0 10.079 39.57 395.3701 Tm 0 g ( )Tj ET 0.934 g 51.57 404.49 11.76 -11.04 re f BT 10.079 0 0 10.079 51.57 395.3701 Tm 0 g ( )Tj ET 0.934 g 63.57 404.49 11.76 -11.04 re f BT 10.079 0 0 10.079 63.57 395.3701 Tm 0 g ( )Tj ET 0.934 g 75.57 404.49 272.88 -11.04 re f BT 10.079 0 0 10.079 75.57 395.3701 Tm 0 g (Net cash from \(used by\) financing activities)Tj ET 0.934 g 348.69 404.49 11.76 -11.04 re f BT 10.079 0 0 10.079 348.69 395.3701 Tm 0 g ( )Tj ET 0.934 g 360.69 404.49 6.24 -11.04 re f BT 10.079 0 0 10.079 360.69 395.3701 Tm 0 g ( )Tj ET 0.934 g 367.17 404.49 17.52 -11.04 re f BT 10.079 0 0 10.079 367.17 395.3701 Tm 0 g (49.1)Tj ET 0.934 g 384.93 404.49 6.24 -11.04 re f BT 10.079 0 0 10.079 384.93 395.3701 Tm 0 g ( )Tj ET 0.934 g 391.41 404.49 11.76 -11.04 re f BT 10.079 0 0 10.079 391.41 395.3701 Tm 0 g ( )Tj ET 0.934 g 403.41 404.49 11.76 -11.04 re f BT 10.079 0 0 10.079 412.77 395.3701 Tm 0 g ( )Tj ET 0.934 g 415.41 404.49 20.88 -11.04 re f BT 10.079 0 0 10.079 420.45 395.3701 Tm 0 g (\(3.4)Tj ET 0.934 g 436.53 404.49 11.76 -11.04 re f BT 10.079 0 0 10.079 436.53 395.3701 Tm 0 g (\))Tj ET 0.934 g 448.53 404.49 11.76 -11.04 re f BT 10.079 0 0 10.079 448.53 395.3701 Tm 0 g ( )Tj ET 0.934 g 460.53 404.49 11.76 -11.04 re f BT 10.079 0 0 10.079 460.53 395.3701 Tm 0 g ( )Tj ET 0.934 g 472.53 404.49 22.56 -11.04 re f BT 10.079 0 0 10.079 472.53 395.3701 Tm 0 g (153.0)Tj ET 0.934 g 495.33 404.49 11.76 -11.04 re f BT 10.079 0 0 10.079 495.33 395.3701 Tm 0 g ( )Tj ET 0.934 g 507.33 404.49 11.76 -11.04 re f BT 10.079 0 0 10.079 507.33 395.3701 Tm 0 g ( )Tj ET 0.934 g 519.33 404.49 12 -11.04 re f BT 10.079 0 0 10.079 528.9299 395.3701 Tm 0 g ( )Tj ET 0.934 g 531.57 404.49 20.88 -11.04 re f BT 10.079 0 0 10.079 531.5699 395.3701 Tm 0 g (\(27.1)Tj ET 0.934 g 552.69 404.49 12 -11.04 re f BT 10.079 0 0 10.079 552.6899 395.3701 Tm 0 g (\))Tj -50.9096 -1.1192 TD 30.4196 Tc [( )29479( )]TJ ET 0.5 g 367.17 387.93 17.52 -0.48 re f BT 10.079 0 0 10.079 384.93 384.0901 Tm 0 g 0.3929 Tc [( )-547.7( )]TJ ET 0.5 g 415.41 387.93 20.88 -0.48 re f BT 10.079 0 0 10.079 436.53 384.0901 Tm 0 g 0.9406 Tc ( )Tj ET 0.5 g 472.53 387.93 22.56 -0.48 re f BT 10.079 0 0 10.079 495.33 384.0901 Tm 0 g ( )Tj ET 0.5 g 531.57 387.93 20.88 -0.48 re f BT 10.079 0 0 10.079 552.6899 384.0901 Tm 0 g 0 Tc ( )Tj -50.9096 -1.1192 TD -0.0001 Tc 0.0001 Tw (INCREASE \(DECREASE\) IN CASH AND)Tj 0.7382 -1.1192 TD 0 Tc 1.6311 Tw [(CASH 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g 0.5358 Tc [( )-904.8( )]TJ ET 0.5 g 432.45 660.09 22.56 -2.88 re f BT 10.079 0 0 10.079 455.25 655.05 Tm 0 g [( )-928.7( )]TJ ET 0.5 g 485.49 660.09 22.56 -2.88 re f BT 10.079 0 0 10.079 508.2899 655.05 Tm 0 g 0 Tc ( )Tj 12 0 0 12 95.73 642.0901 Tm ( )Tj ET 0.934 g 95.73 639.45 16.8 -11.04 re f BT 10.079 0 0 10.079 95.73 630.3301 Tm 0 g ( )Tj ET 0.934 g 112.77 639.45 16.8 -11.04 re f BT 10.079 0 0 10.079 112.77 630.3301 Tm 0 g ( )Tj ET 0.934 g 129.81 639.45 16.8 -11.04 re f BT 10.079 0 0 10.079 129.81 630.3301 Tm 0 g ( )Tj ET 0.934 g 146.85 639.45 210.48 -11.04 re f BT 10.079 0 0 10.079 146.85 630.3301 Tm 0 g -0.0001 Tc 0.0001 Tw (LIABILITIES AND SHAREHOLDERS)Tj /F2 1 Tf 16.2745 0 TD 0 Tc 0 Tw ()Tj /F12 1 Tf 0.333 0 TD -0.0001 Tc 0.0001 Tw ( EQUITY)Tj ET 0.934 g 357.57 639.45 16.8 -11.04 re f BT 10.079 0 0 10.079 357.57 630.3301 Tm 0 g 0 Tc 0 Tw ( )Tj ET 0.934 g 374.61 639.45 4.8 -11.04 re f BT 10.079 0 0 10.079 374.61 630.3301 Tm 0 g ( )Tj ET 0.934 g 379.65 639.45 22.56 -11.04 re f BT 10.079 0 0 10.079 379.65 630.3301 Tm 0 g ( )Tj ET 0.934 g 402.45 639.45 7.68 -11.04 re f BT 10.079 0 0 10.079 402.45 630.3301 Tm 0 g ( )Tj ET 0.934 g 410.37 639.45 16.8 -11.04 re f BT 10.079 0 0 10.079 410.37 630.3301 Tm 0 g ( )Tj ET 0.934 g 427.41 639.45 4.8 -11.04 re f BT 10.079 0 0 10.079 427.41 630.3301 Tm 0 g ( )Tj ET 0.934 g 432.45 639.45 22.56 -11.04 re f BT 10.079 0 0 10.079 432.45 630.3301 Tm 0 g ( )Tj ET 0.934 g 455.25 639.45 7.68 -11.04 re f BT 10.079 0 0 10.079 455.25 630.3301 Tm 0 g ( )Tj ET 0.934 g 463.17 639.45 17.04 -11.04 re f BT 10.079 0 0 10.079 463.17 630.3301 Tm 0 g ( )Tj ET 0.934 g 480.45 639.45 4.8 -11.04 re f BT 10.079 0 0 10.079 480.45 630.3301 Tm 0 g ( )Tj ET 0.934 g 485.49 639.45 22.56 -11.04 re f BT 10.079 0 0 10.079 485.49 630.3301 Tm 0 g ( )Tj ET 0.934 g 508.29 639.45 8.16 -11.04 re f BT 10.079 0 0 10.079 508.2899 630.3301 Tm 0 g ( )Tj -40.9325 -1.1192 TD 1.4406 Tc [( )-20906.8( )1190.6( )-571.5( )904.8( )1190.6( )-571.5( )904.8( )-23.9( )1190.6( )-571.5( )]TJ 12 0 0 12 95.73 606.0901 Tm 0 Tc ( )Tj ET 0.934 g 95.73 603.45 420.72 -11.04 re f BT 10.079 0 0 10.079 95.73 594.3301 Tm 0 g -0.0001 Tc 0.0001 Tw (CURRENT LIABILITIES)Tj 12 0 0 12 95.73 581.3701 Tm 0 Tc 0 Tw ( )Tj 10.079 0 0 10.079 95.73 569.61 Tm [( )-1440.6(Borrowings under revolving credit facility)-7347.5( )-1440.6($100.0)-12.3( )-535.8( )-1440.6($100.0)-12.3( )-535.8( )-1464.5($ )-2012.1( )]TJ ET 0.934 g 95.73 566.49 16.8 -11.04 re f BT 10.079 0 0 10.079 95.73 557.3701 Tm 0 g ( )Tj ET 0.934 g 112.77 566.49 244.56 -11.04 re f BT 10.079 0 0 10.079 112.77 557.3701 Tm 0 g (Accounts payable and accrued expenses)Tj ET 0.934 g 357.57 566.49 16.8 -11.04 re f BT 10.079 0 0 10.079 357.57 557.3701 Tm 0 g ( )Tj ET 0.934 g 374.61 566.49 4.8 -11.04 re f BT 10.079 0 0 10.079 374.61 557.3701 Tm 0 g ( )Tj ET 0.934 g 379.65 566.49 22.56 -11.04 re f BT 10.079 0 0 10.079 384.69 557.3701 Tm 0 g (89.8)Tj ET 0.934 g 402.45 566.49 7.68 -11.04 re f BT 10.079 0 0 10.079 402.45 557.3701 Tm 0 g ( )Tj ET 0.934 g 410.37 566.49 16.8 -11.04 re f BT 10.079 0 0 10.079 410.37 557.3701 Tm 0 g ( )Tj ET 0.934 g 427.41 566.49 4.8 -11.04 re f BT 10.079 0 0 10.079 427.41 557.3701 Tm 0 g ( )Tj ET 0.934 g 432.45 566.49 22.56 -11.04 re f BT 10.079 0 0 10.079 437.49 557.3701 Tm 0 g (93.3)Tj ET 0.934 g 455.25 566.49 7.68 -11.04 re f BT 10.079 0 0 10.079 455.25 557.3701 Tm 0 g ( )Tj ET 0.934 g 463.17 566.49 17.04 -11.04 re f BT 10.079 0 0 10.079 463.17 557.3701 Tm 0 g ( )Tj ET 0.934 g 480.45 566.49 4.8 -11.04 re f BT 10.079 0 0 10.079 480.45 557.3701 Tm 0 g ( )Tj ET 0.934 g 485.49 566.49 22.56 -11.04 re f BT 10.079 0 0 10.079 485.49 557.3701 Tm 0 g (102.2)Tj ET 0.934 g 508.29 566.49 8.16 -11.04 re f BT 10.079 0 0 10.079 508.2899 557.3701 Tm 0 g ( )Tj -40.9325 -1.1192 TD 25.7287 Tc [( )24288.1( )]TJ ET 0.5 g 379.65 549.93 22.56 -0.48 re f BT 10.079 0 0 10.079 402.45 546.0901 Tm 0 g 0.5358 Tc [( )-904.8( )]TJ ET 0.5 g 432.45 549.93 22.56 -0.48 re f BT 10.079 0 0 10.079 455.25 546.0901 Tm 0 g [( )-928.7( )]TJ ET 0.5 g 485.49 549.93 22.56 -0.48 re f BT 10.079 0 0 10.079 508.2899 546.0901 Tm 0 g 0 Tc ( )Tj -40.9325 -1.1192 TD -0.0001 Tc 1.4407 Tw [( TOTAL )1440.6(CURRENT )1440.6(LIABILITIES)-5052.5( )1190.6(189.8)-12.4( )904.8( )1190.6(193.3)-12.4( )904.8( )-23.9( )1190.6(102.2)-12.4( )]TJ ET 0.934 g 95.73 531.69 261.6 -11.04 re f BT 10.079 0 0 10.079 95.73 522.5701 Tm 0 g 0.0001 Tw (LONG-TERM DEBT)Tj ET 0.934 g 357.57 531.69 16.8 -11.04 re f BT 10.079 0 0 10.079 357.57 522.5701 Tm 0 g 0 Tc 0 Tw ( )Tj ET 0.934 g 374.61 531.69 4.8 -11.04 re f BT 10.079 0 0 10.079 374.61 522.5701 Tm 0 g ( )Tj ET 0.934 g 379.65 531.69 22.56 -11.04 re f BT 10.079 0 0 10.079 384.69 522.5701 Tm 0 g (70.0)Tj ET 0.934 g 402.45 531.69 7.68 -11.04 re f BT 10.079 0 0 10.079 402.45 522.5701 Tm 0 g ( )Tj ET 0.934 g 410.37 531.69 16.8 -11.04 re f BT 10.079 0 0 10.079 410.37 522.5701 Tm 0 g ( )Tj ET 0.934 g 427.41 531.69 4.8 -11.04 re f BT 10.079 0 0 10.079 427.41 522.5701 Tm 0 g ( )Tj ET 0.934 g 432.45 531.69 22.56 -11.04 re f BT 10.079 0 0 10.079 437.49 522.5701 Tm 0 g (70.0)Tj ET 0.934 g 455.25 531.69 7.68 -11.04 re f BT 10.079 0 0 10.079 455.25 522.5701 Tm 0 g ( )Tj ET 0.934 g 463.17 531.69 17.04 -11.04 re f BT 10.079 0 0 10.079 463.17 522.5701 Tm 0 g ( )Tj ET 0.934 g 480.45 531.69 4.8 -11.04 re f BT 10.079 0 0 10.079 480.45 522.5701 Tm 0 g ( )Tj ET 0.934 g 485.49 531.69 22.56 -11.04 re f BT 10.079 0 0 10.079 490.53 522.5701 Tm 0 g (70.0)Tj ET 0.934 g 508.29 531.69 8.16 -11.04 re f BT 10.079 0 0 10.079 508.2899 522.5701 Tm 0 g ( )Tj -40.9325 -1.2144 TD -0.0001 Tc 0.7502 Tw [(POSTEMPLOYMENT )750.1(BENEFIT )750.1(LIABILITIES)-6259.5( )-690.5( 69.2)-12.3( )214.3( )-690.5( 65.6)-12.3( )214.3( )-714.4( 71.7)-12.3( )]TJ ET 0.934 g 95.73 507.21 261.6 -11.04 re f BT 10.079 0 0 10.079 95.73 498.0901 Tm 0 g 0.0001 Tw (ENVIRONMENTAL AND CLOSURE OBLIGATIONS)Tj ET 0.934 g 357.57 507.21 16.8 -11.04 re f BT 10.079 0 0 10.079 357.57 498.0901 Tm 0 g 0 Tc 0 Tw ( )Tj ET 0.934 g 374.61 507.21 4.8 -11.04 re f BT 10.079 0 0 10.079 374.61 498.0901 Tm 0 g ( )Tj ET 0.934 g 379.65 507.21 22.56 -11.04 re f BT 10.079 0 0 10.079 384.69 498.0901 Tm 0 g (59.2)Tj ET 0.934 g 402.45 507.21 7.68 -11.04 re f BT 10.079 0 0 10.079 402.45 498.0901 Tm 0 g ( )Tj ET 0.934 g 410.37 507.21 16.8 -11.04 re f BT 10.079 0 0 10.079 410.37 498.0901 Tm 0 g ( )Tj ET 0.934 g 427.41 507.21 4.8 -11.04 re f BT 10.079 0 0 10.079 427.41 498.0901 Tm 0 g ( )Tj ET 0.934 g 432.45 507.21 22.56 -11.04 re f BT 10.079 0 0 10.079 437.49 498.0901 Tm 0 g (16.9)Tj ET 0.934 g 455.25 507.21 7.68 -11.04 re f BT 10.079 0 0 10.079 455.25 498.0901 Tm 0 g ( )Tj ET 0.934 g 463.17 507.21 17.04 -11.04 re f BT 10.079 0 0 10.079 463.17 498.0901 Tm 0 g ( )Tj ET 0.934 g 480.45 507.21 4.8 -11.04 re f BT 10.079 0 0 10.079 480.45 498.0901 Tm 0 g ( )Tj ET 0.934 g 485.49 507.21 22.56 -11.04 re f BT 10.079 0 0 10.079 490.53 498.0901 Tm 0 g (16.4)Tj ET 0.934 g 508.29 507.21 8.16 -11.04 re f BT 10.079 0 0 10.079 508.2899 498.0901 Tm 0 g ( )Tj -40.9325 -1.2144 TD 0.7501 Tw [(OTHER )750.1(LIABILITIES)-16675.5( )-690.5( 36.7)-12.2( )214.3( )-690.5( 40.5)-12.2( )214.3( )-714.4( 41.6)-12.2( )]TJ 0 -1.1192 TD 25.7287 Tc 0 Tw [( )24288.1( )]TJ ET 0.5 g 379.65 478.41 22.56 -0.48 re f BT 10.079 0 0 10.079 402.45 474.5701 Tm 0 g 0.5358 Tc [( )-904.8( )]TJ ET 0.5 g 432.45 478.41 22.56 -0.48 re f BT 10.079 0 0 10.079 455.25 474.5701 Tm 0 g [( )-928.7( )]TJ ET 0.5 g 485.49 478.41 22.56 -0.48 re f BT 10.079 0 0 10.079 508.2899 474.5701 Tm 0 g 0 Tc ( )Tj ET 0.934 g 95.73 472.41 16.8 -11.04 re f BT 10.079 0 0 10.079 95.73 463.2901 Tm 0 g ( )Tj ET 0.934 g 112.77 472.41 16.8 -11.04 re f BT 10.079 0 0 10.079 112.77 463.2901 Tm 0 g ( )Tj ET 0.934 g 129.81 472.41 16.8 -11.04 re f BT 10.079 0 0 10.079 129.81 463.2901 Tm 0 g ( )Tj ET 0.934 g 146.85 472.41 16.8 -11.04 re f BT 10.079 0 0 10.079 146.85 463.2901 Tm 0 g ( )Tj ET 0.934 g 163.89 472.41 193.44 -11.04 re f BT 10.079 0 0 10.079 163.89 463.2901 Tm 0 g -0.0001 Tc 0.0001 Tw (TOTAL LIABILITIES)Tj ET 0.934 g 357.57 472.41 16.8 -11.04 re f BT 10.079 0 0 10.079 357.57 463.2901 Tm 0 g 0 Tc 0 Tw ( )Tj ET 0.934 g 374.61 472.41 4.8 -11.04 re f BT 10.079 0 0 10.079 374.61 463.2901 Tm 0 g ( )Tj ET 0.934 g 379.65 472.41 22.56 -11.04 re f BT 10.079 0 0 10.079 379.65 463.2901 Tm 0 g (424.9)Tj ET 0.934 g 402.45 472.41 7.68 -11.04 re f BT 10.079 0 0 10.079 402.45 463.2901 Tm 0 g ( )Tj ET 0.934 g 410.37 472.41 16.8 -11.04 re f BT 10.079 0 0 10.079 410.37 463.2901 Tm 0 g ( )Tj ET 0.934 g 427.41 472.41 4.8 -11.04 re f BT 10.079 0 0 10.079 427.41 463.2901 Tm 0 g ( )Tj ET 0.934 g 432.45 472.41 22.56 -11.04 re f BT 10.079 0 0 10.079 432.45 463.2901 Tm 0 g (386.3)Tj ET 0.934 g 455.25 472.41 7.68 -11.04 re f BT 10.079 0 0 10.079 455.25 463.2901 Tm 0 g ( )Tj ET 0.934 g 463.17 472.41 17.04 -11.04 re f BT 10.079 0 0 10.079 463.17 463.2901 Tm 0 g ( )Tj ET 0.934 g 480.45 472.41 4.8 -11.04 re f BT 10.079 0 0 10.079 480.45 463.2901 Tm 0 g ( )Tj ET 0.934 g 485.49 472.41 22.56 -11.04 re f BT 10.079 0 0 10.079 485.49 463.2901 Tm 0 g (301.9)Tj ET 0.934 g 508.29 472.41 8.16 -11.04 re f BT 10.079 0 0 10.079 508.2899 463.2901 Tm 0 g ( )Tj -40.9325 -1.2144 TD -0.0001 Tc 0.0001 Tw (MINORITY INTEREST IN)Tj 0.7382 -1.1192 TD 0 Tc 0 Tw [(CLIFFS AND ASSOCIATES LIMITED)-8880.9( )-1440.6( )-750.1(25.9)-12.2( )-535.8( )-1440.6( )-750.1(27.1)-12.2( )-535.8( )-1464.5( )-750.1(23.9)-12.2( )]TJ ET 0.934 g 95.73 436.65 261.6 -11.04 re f BT 10.079 0 0 10.079 95.73 427.5301 Tm 0 g -0.0001 Tc (SHAREHOLDERS)Tj /F2 1 Tf 7.8883 0 TD 0 Tc ()Tj /F12 1 Tf 0.333 0 TD -0.0001 Tc 0.0001 Tw ( EQUITY)Tj ET 0.934 g 357.57 436.65 16.8 -11.04 re f BT 10.079 0 0 10.079 357.57 427.5301 Tm 0 g 0 Tc 0 Tw ( )Tj ET 0.934 g 374.61 436.65 4.8 -11.04 re f BT 10.079 0 0 10.079 374.61 427.5301 Tm 0 g ( )Tj ET 0.934 g 379.65 436.65 22.56 -11.04 re f BT 10.079 0 0 10.079 379.65 427.5301 Tm 0 g (374.2)Tj ET 0.934 g 402.45 436.65 7.68 -11.04 re f BT 10.079 0 0 10.079 402.45 427.5301 Tm 0 g ( )Tj ET 0.934 g 410.37 436.65 16.8 -11.04 re f BT 10.079 0 0 10.079 410.37 427.5301 Tm 0 g ( )Tj ET 0.934 g 427.41 436.65 4.8 -11.04 re f BT 10.079 0 0 10.079 427.41 427.5301 Tm 0 g ( )Tj ET 0.934 g 432.45 436.65 22.56 -11.04 re f BT 10.079 0 0 10.079 432.45 427.5301 Tm 0 g (381.9)Tj ET 0.934 g 455.25 436.65 7.68 -11.04 re f BT 10.079 0 0 10.079 455.25 427.5301 Tm 0 g ( )Tj ET 0.934 g 463.17 436.65 17.04 -11.04 re f BT 10.079 0 0 10.079 463.17 427.5301 Tm 0 g ( )Tj ET 0.934 g 480.45 436.65 4.8 -11.04 re f BT 10.079 0 0 10.079 480.45 427.5301 Tm 0 g ( )Tj ET 0.934 g 485.49 436.65 22.56 -11.04 re f BT 10.079 0 0 10.079 485.49 427.5301 Tm 0 g (402.0)Tj ET 0.934 g 508.29 436.65 8.16 -11.04 re f BT 10.079 0 0 10.079 508.2899 427.5301 Tm 0 g ( )Tj -40.9325 -1.1192 TD 25.7287 Tc [( )24288.1( )]TJ ET 0.5 g 379.65 420.09 22.56 -0.48 re f BT 10.079 0 0 10.079 402.45 416.2501 Tm 0 g 0.5358 Tc [( )-904.8( )]TJ ET 0.5 g 432.45 420.09 22.56 -0.48 re f BT 10.079 0 0 10.079 455.25 416.2501 Tm 0 g [( )-928.7( )]TJ ET 0.5 g 485.49 420.09 22.56 -0.48 re f BT 10.079 0 0 10.079 508.2899 416.2501 Tm 0 g 0 Tc ( )Tj -40.9325 -2.2383 TD 1.4406 Tc ( )Tj 6.7625 1.1192 TD -0.0001 Tc 0.0001 Tw (TOTAL LIABILITIES AND)Tj 0.7382 -1.1192 TD 0 Tw (SHAREHOLDERS)Tj /F2 1 Tf 7.8883 0 TD 0 Tc ()Tj /F12 1 Tf 0.333 0 TD 1.4406 Tw [( )1440.6(EQUITY)-6286( $825.0)-12.3( )904.8( $795.3)-12.3( )904.8( )-23.9($727.8)-12.3( )]TJ -15.722 -1.1192 TD 25.7287 Tc 0 Tw [( )24288.1( )]TJ ET 0.5 g 379.65 387.45 22.56 -2.88 re f BT 10.079 0 0 10.079 402.45 382.4101 Tm 0 g 0.5358 Tc [( )-904.8( )]TJ ET 0.5 g 432.45 387.45 22.56 -2.88 re f BT 10.079 0 0 10.079 455.25 382.4101 Tm 0 g [( )-928.7( )]TJ ET 0.5 g 485.49 387.45 22.56 -2.88 re f BT 10.079 0 0 10.079 508.2899 382.4101 Tm 0 g 0 Tc ( )Tj ET 0.5 g 25.65 364.41 560.88 -2.88 re f BT /F3 1 Tf 10.079 0 0 10.079 25.65 336.0901 Tm 0 g (Unaudited Financial Statements)Tj /F12 1 Tf 0 -2.5717 TD ( In management)Tj /F2 1 Tf 7.4423 0 TD ()Tj /F12 1 Tf 0.333 0 TD (s opinion, the unaudited financial statements present fairly the Company)Tj /F2 1 Tf 28.9944 0 TD ()Tj /F12 1 Tf 0.333 0 TD (s financial position and results. 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