Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. I am not an expert and don't wish to be assumed to be one. I make losses frequently. Actually, i think i learnt a lot during this episode. A person will not have the motivation to read in detail the annual report unless sh**t hits the fan. But without reading in detail, there will come a point where we will lose. So without losing, learning doesn't take place. So in life, we must fail sometimes to be wiser. Just hope we fail the small ones ....

Taken from annual report 2017

Unsecured debt ( red box) By looking at the breakdown of the loans and ......