En. Ahmad, The figure that u have provided was the return from 2nd jan to 20th Dec each year. The increase or decrease depend entirely on the market movement. Even if it is negative ASN still declare dividend. As along the year the fund manager traded their holding. In doing so they could make profit or loses from the trading. The revenue from the trading plus the revenue from the invested company profit and money market determine the total income of ASN for the year to be distributed as per amount determine by PNB Management. As I mentioned in my earlier posting, company profit or dividend and money market is only about 40% of the total revenue. Equity gave the biggest portion. Now if the fund manager flop in the equity trading surely they could not generate a bigger revenue even if the market is good as mentioned by Mr. Waheed. So again here I am reiterating my statement that the ASN 2017 financial performance is one of the worst.