Documents 2008

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Balance Shet as at December 31, 2008

SOURCES OF FUNDS

Shareholders’ Funds

Capital 237,628

Reserves and Surplus 3,681,148

3,918,776

Deferred Tax Liabilities

Deferred Tax Liabilities 216,804

Less : Deferred Tax Assets 38,301

178,503

TOTAL 4,097,279APPLICATION OF FUNDS

Fixed Assets

Gross Block 2,856,223

Less: Depreciation/Amortisation 1,124,366

Net Block 1,731,857

Capital Work in Progress (including capital advances) 89,054

1,820,911

Investments 697,741

Current Assets, Loans and Advances

Inventories 21,900Sundry Debtors 1,180,066

Cash and Bank Balances 477,420

Loans and Advances 893,409

2,572,795

Less: Current Liabilities and Provisions

Liabilities 860,551

Provisions 133,617

994,168

Net Current Assets 1,578,627

TOTAL 4,097,279

As at December31, 2008 in Rs.(‘000)

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Years Current asset(rs)

237,628 2007 - 2008 2572795

2,935,382 2006 - 2007 2020982

3,173,010

205,091

28,441 Table 4.2 Quick ratio

176,650 Years Current assets(rs)

3,349,660 2007 - 2008 25727952006 - 2007 2020982

2,569,176

967,453 Table 4.3 cash ratio

1,601,723 Years Cash & cash equilvalents(rs)

33,806 2007 - 2008 477420

1,635,529 2006 - 2007 296037

634,660

20,378 Table 4.4 Proprietary ratio1,104,598 Years Share holders funds(rs)

296,037 2007 - 2008 3918776

599,969 2006 - 2007 3173010

2,020,982

802,818 Table 4.5 Solvency ratio

138,693 Years Total assets(rs)

941,511 2007 -2008 4393706

1,079,471 2006 - 2007 3656511

3,349,660

Table 4.6 debt equity ratio

Years Debt(rs)

2007 - 2008 893709

2006 - 2007 599969

As atDecember31, 2007 inRs. (‘000)

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Table 4.7 Total debt ratio

Years TOTAL DEBT(RS)

2007 - 2008 893709

2006 - 2007 599969

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Table 4.1 showing current ratio

Current liabilits (rs) Current ratio

994168 2.58:1

941511 2.14:1

Inventories(rs) Quick assets(rs) Current liabilities(rs)

1180066 1392729 9941681104598 916384 941511

Current liabilities (rs) Cash ratio

994168 0.48:1

941511 0.31:1

Total assets(rs0 Proprietary ratio

4393706 89%

3656511 86%

Total liabilities(rs0 Solvency ratio

994168 4.41:1

941511 3.88:1

Equity(rs) Debt equity ratio

39187760.22:1

31730100.18:1

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Total debt +net worth(rs) Total debt ratio

48124850.19:1

37729790.15:1

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Quick ratio

1.40:11.02:1

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Profit and Los Account for the year ended December 31,

INCOME

Service Charges 9,744,650

Other Income 80,622

9,825,272

EXPENDITURE

Freight, Handling and S ervicing Costs 6,359,175

Employee Costs 1,326,533

Other Costs 807,816

8,493,524

Profit Before Interest, Depreciation and Taxation 1,331,748Interest (Income)/Expense (Net) -21,405

Depreciation / Amortisation 165,655

144,250

Profit Before Taxation 1,187,498

Provision for Taxation

Current Tax 395,601

Deferred Tax 1,853

Fringe Benefits Tax 16,517

413,971

Profit After Taxation 773,527

Balance brought forward from previous year 2,297,016

Available for Appropriation 3,070,543

Proposed Dividend 23,728

Tax on Proposed Dividend 4,033

Tax on Dividend pertaining to earlier years -

Balance carried forward to Balance Sheet 3,042,782

Earnings Per Share

Basic and diluted Earnings Per Share (in Rupees) 32.6

Nominal value per equity share (in Rupees) 10

Year endedDecember 31,

2008 in Rs.

(‘000)

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008

8,087,209

31,118

8,118,327

5,019,415

1,163,649

625,277

6,808,341

1,309,9863,997

240,274

244,271

1,065,715

374,828

-17,383

9,000

366,445

699,270

1,626,211

2,325,481

23,728

4,033

704

2,297,016

29.47

10


2007 in Rs.

(‘000)

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CASH FLOW STATEMENT FOR THE YEAR ENDED december 31,

A. Cash flows from Operating activities:Profit before Taxation 1,187,498

Adjustments for:

Depreciation/Amortisation 165,655

Interest expense 5,062

Interest income -26,467

Dividend from mutual funds -24,636

Loss on sale/scraping of fixed assets (Net) 1,260

Miscellaneous expenditure written off -

Gain on account of Foreign exchange -3,362

Bad debts/advances written off 10,204Unadjusted credits/liabilities no longer required written back -39,709

Provision for leave encashment -301

Provision for gratuity -4,775

Provision for Directors’ commission/professional fees 9,000

Operating profit before working capital changes 1,279,429

Adjustments for changes in working capital:

(Increase)/Decrease in Inventories -1,522

(Increase)/Decrease in S undry Debtors -82,310

(Increase)/Decrease in Other Receivables -283,771

Increase/(Decrease) in Trade and Other Payables 51,972

Cash generated from Operations 963,798

Taxes paid (net of Tax Deducted at S ource) -417,397

Net cash from Operating activities 546,401

B. Cash flows from Investing activities:

Purchase of fixed assets -297,644

Changes in capital work in progress -18,207

Proceeds from sale of fixed assets 158

Interest received 22,396

Dividend from mutual funds 24,317

Investment in Blue Dart Aviation Limited -63,081

Investment in mutual funds (Net) -

Net cash used in Investing activities -332,061

C. Cash flows from Financing activities:

Repayment of long term borrowings -

Movement in bank overdrafts (Net) -

Interest paid -5,062

Dividend paid -23,862


2008 in Rs.(‘000)

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Dividend tax paid -4,033

Net cash used in Financing activities -32,957

Net Increase in Cash and Cash Equivalents 181,383

Cash and cash equivalents at the beginning of the year 296,037

Cash and cash equivalents at the end of the year 477,420

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008

1,065,715

240,274

4,158

-161

-19,151

14,800

1,634

-

17,258-5,463

13,923

6,324

9,000

1,348,311

-2,744

-231,614

-108,955

220,831

1,225,829

-402,024

823,805

-167,420

-16,036

475

157

18,829

-

-349,000

-512,995

-100,000

-1,800

-4,158

-23,834


2007 in Rs.(‘000)

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-4,033

-133,825

176,985

119,052

296,037

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CONCORDE AIR LOGISTICS Limited

Balance Sheet as at December 31, 2008

SOURCES OF FUNDS

Shareholders’ Funds

Capital 1,100 1,100

Reserves and Surplus 39,414 35,212

TOTAL 40,514 36,312

APPLICATION OF FUNDS

Fixed Assets 3

Gross Block 20,770 20,314

Less: Depreciation / Amortisation 10,849 9,036Net Block 9,921 11,278

Capital Work in Progress (including capital advances) 41 -

9,962 11,278

Investments 25,055 7,398

Deferred Tax Assets (Net)

Deferred Tax Assets 444 407

Less : Deferred Tax Liabilities 290 230

154 177


Sundry Debtors 134 14034Cash and Bank Balances 9,558 17,813

Loans and Advances 9,002 2,252

18,694 34,099


Liabilities 12,049 15,455

Provisions 1,302 1,185

13,351 16,640

Net Current Assets 5,343 17,459

TOTA L 40,514 36,312

As atDecember

31, 2008 inRs. (‘000)

As atDecembe

r 31,

2007 inRs. (‘000)

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Years Current assets(rs)

2008 - 2009 18694

2007 - 2008 34099

Table 4.2 showing cash ratio

Years Cash & cash equivalents(rs)2008 - 2009 9558

2007 - 2008 17813

Table 4.3 showing Debt equity

Years Debt(rs)

2008 - 2009 9002

2007 - 2008 2252

Table 4.4 showing Total debt e

Years Total debt(rs)

2008 - 2009 9002

2007 - 2008 2252

Table 4.5 showing proproetary

Years Share holders fund (rs)

2008 - 2009 40514

2007 - 2008 36312

Table 4.6 Solvency ratio

Years Total assets(rs)

2008 -2009 28656

2007 - 2008 45377

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Table 4.1 showing Current ratio

Current liabilities(rs) Current ratio

133511.40:1

166402.04:1

Current liabilities(rs) Cash ratio133510.71:1

166401.07:1

ratio

Equity(rs) Debt equity ratio

405140.22:1

363120.06:1

quity ratio

Total debt + net worth(rs) Total debt ratio

495160.18:1

385640.05:1

ratio

Total assets(rs) Proprietary ratio

28656 141.00%

45377 80%

Total liabilities(rs) Solvency ratio

133512.14:1

166402.72:1

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CONCORDE AIR LOGISTICS LIMITED

Profit and Loss Account for the year ended December 31, 2008

INCOME

Service Charges 18,328 23,018

Commission 6,609 8,946

Other Income 1,751 1,147

26,688 33,111

EXPENDITURE

Freight, Handling and Servicing Costs 3,498 2,410

Employee Costs 11,465 9,503

Other Costs 3,398 2,822

18,361 14,735Profit Before Depreciation and Taxation 8,327 18,376

Depreciation / Amortisation 1,813 1,792

Profit Before Taxation 6,514 16,584


Current Tax 2,189 6,033

Deferred Tax 24 -10

Fringe Benefits Tax 99 73

2,312 6,096

Profit After Taxation 4,202 10,488

Balance brought forward from previous year 21,712 11,224

Balance carried forward to Balance Sheet 25,914 21,712

Earnings Per Share

Basic and diluted Earnings Per Share (in Rupees) 38.2 95.35

Nominal value per equity share (in Rupees) 10 10


2008 in Rs.

(‘000)


2007 in Rs.

(‘000)

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CONCORDE AIR LOGISTICS Limited

CASH FLOW STATE MENT FOR THE YEAR ENDED december 31,

A. Cash flows from Operating activities:

Profit before Taxation 6,514

Adjustments for:

Depreciation / Amortisation 1,813

Interest income -260

Dividend income -1,491

Provision for Gratuity 91

Provision for leave encashment 26

Operating profit before working capital changes 6,693Adjustments for changes in working capital :

Decrease /(Increase) in Sundry Debtors 13,900

Increase in Other Receivables -85

(Decrease) / Increase in Trade and Other Payables -3,406

C ash generated from Operations 17,102

Taxes paid (net of Tax Deducted at Source) -9,631

N et cash from Operating activities 7,471

B. Cash flows from Investing activities:

Purchase of fixed assets -497

Interest received 937

Dividend from Mutual funds 1,491

Investments in Mutual funds (net) -17,657

Proceeds from maturity of National Saving Certificates -

N et cash used in Investing activities -15,726

C. Cash flows from Financing activities:

N et cash from/(used in) Financing activities -

Net (Decrease) / Increase in Cash and Cash Equivalents -8,255


Cash and cash equivalents at the end of the year 9,558


2008 in Rs.

(‘000)

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008

16,584

1,792

(799))

-348

201

41

17,471

-163

-129

859

18,038

-6,623

11,415

-899

269

348

-7,348

25

-7,605

-

3,810

14,003

17,813


2007 in Rs.

(‘000)

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Blue Dart Expres Limited (Consolidated )

Balance Shet as at December 31, 2008

SOURCES OF FUNDSShareholders’ Funds

Capital 237,628

R eserves and Surplus 3,709,478

3,947,106

Deferred Tax Liabilities (Net)

Deferred Tax Liabilities 217,094

Less : Deferred Tax Assets 38,744

178,350

TOTAL 4,125,456

APPLICATION OF FUNDSFixed Assets

Gross Block 2,876,993

Less: Depreciation / Amortisation 1,135,216

Net Block 1,741,777

Capital work in progress (including capital advances) 89,095

1,830,872

Investments 710,616


I nventories 21,900

S undry Debtors 1,154,321Cash and Bank Balances 486,978

L oans and Advances 902,411

2,565,610


L iabilities 846,723

P rovisions 134,919

981,642

Net Current Assets 1,583,968

TOTAL 4,125,456


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237,628

2,957,625 Years Current assets(rs)

3,195,253 2008 - 2009 2565610

2007 - 2008 2029202

205,321

28,848

176,473 Table 4.2 showing Q

3,371,726 Years Current assets(rs)

2008 - 2009 2565610

2,589,490

976,490

1,613,000

33,806

1,646,806

627,994

20,378

1,092,753313,850

602,221

2,029,202

792,398

139,878

932,276

1,096,926

3,371,726


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Table 4.1 showing current ratio

Current liabilities(rs) Current ratio

981642 2.61:1

932276 2.17:1

ick ratio

Inventories(rs) Quick assets(rs) Current liabilities(rs) Quick ratio

21900 2543710 981642 0.38

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Blue Dart Expres limited (Consolidated )

Profit and Los Account for the year ended December 31, 2008

INCOME

Service Charges 9,760,028 8,106,196

Commission 6,609 8,946

Other Income 82,115 31,466

EXPENDITURE

Freight, Handling and Servicing Costs 6,359,722 5,017,795

E mployee Costs 1,337,998 1,173,152Other Costs 811,214 628,099

Profit Before Interest, Depreciation and Taxation

Interest (Income) / Expense (Net) -21,663 3,198

Depreciation / Amortisation 167,468 242,066

Profit Before Taxation


Current Tax 397,790 380,861

Deferred Tax 1,877 -17,393

Fringe Benefits Tax 16,616 9,074

416,283 372,542

Profit After Taxation, before Share of Associate’s Profit 777,730 709,756

Share of Associate’s Profit 1,884 2,400

Net Profit 779,614 712,156

Balance brought forward from previous year 2,315,781 1,632,090

Available for Appropriation

P roposed dividend 23,728 23,728

T ax on Proposed Dividend 4,033 4,033

Tax on Dividend pertaining to earlier years - 704

Balance carried forward to the Balance Sheet

Earnings Per Share

Basic and diluted Earnings Per Share (in Rupees) 32.86 30.01

Nominal value per equity share (in Rupees) 10 10

Yearended

Decembe

r 31,2008 in

Rs. (‘000)

Yearended

Decembe

r 31,2007 in

Rs. (‘000)

9,848,752

8,146,608

8,508,934

6,819,0461,339,81

81,327,56

2

1,194,013

1,082,298

3,095,395

2,344,246

3,067,634

2,315,781

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Blue Dart Expres limited (Consolidated )

CASH FLOW STATEMENT FOR THE YEAR ENDED december 31,

A. Cash flow from Operating activities:

Profit before Taxation 1,194,013

Adjustments for:

Depreciation/Amortisation 167,468

I nterest expense 5,062

I nterest income -26,725

Dividend from mutual funds -26,129

Loss on sale/scraping of fixed assets (Net) 1,260

Miscellaneous expenditure written off -Bad debts/advances written off 10,204

Gain on account of Foreign exchange -3,362

Unadjusted credits/liabilities no longer required written back -39,709

P rovision for leave encashment -275

Provision for gratuity -4,684

Provision for Directors’ commission/professional fees 9,000

Operating profit before working capital changes 1,286,123

Adjustments for changes in working capital :

(Increase)/Decrease in Inventories -1,522

(Increase)/Decrease in Sundry Debtors -68,410

(Increase)/Decrease in Other Receivables -283,176

Increase/(Decrease) in Trade and other payables 48,563

Cash generated from Operations 981,578

T axes paid (net of Tax Deducted at Source) -427,029

Net cash from Operating activities 554,549

B. Cash flow from Investing activities:

Purchase of fixed assets -298,100

Changes in capital work in progress -18,248

Proceeds from sale of fixed assets 158

I nterest received 22,654

Dividend received from mutual funds 25,810

I nvestment in mutual funds (Net) -17,657

Investment in Blue Dart Aviation Limited -63,081

Proceeds from maturity of investments -

Net cash used in investing activities -348,464

C. Cash flow from Financing activities:

Repayment of long term borrowings -

Year endedDecember

31, 2008 inRs. (‘000)

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Repayment of short term borrowings (Net) -

Movement in bank overdrafts (Net) -

I nterest paid -5,062

Dividend paid -23,862

Dividend tax paid -4,033

Net cash used in financing activities -32,957Net Increase in Cash and cash equivalents 173,128


486,978

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2008

1,082,298

242,066

4,158

-960

-19,499

14,800

1,63417,258

-

-5,463

13,964

6,525

9,000

1,365,781

-2,744

-219,652

-109,084

209,566

1,243,867

-408,647

835,220

-168,319

-16,036

475

426

19,177

-356,348

-

25

-520,600

-100,000

Year endedDecember

31, 2007 inRs. (‘000)

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-

-1,800

-4,158

-23,834

-4,033

-133,825180,795

133,055

313,850

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Blue Dart Express Ltd.

BalancesheetDec ' 09

Sources of fundsOwner's fund

Equity share capital 23.76

Share application money -

Preference share capital -

Reserves & surplus 426.05

Loan fundsSecured loans -

Unsecured loans -

Total 449.81

Uses of fundsFixed assets

Gross block 300.36

Less : revaluation reserve -

Less : accumulated depreciation 128.7

Net block 171.67

Capital work-in-progress 17.08

Investments 104.69

Net current assetsCurrent assets, loans & advances 285.85

Less : current liabilities & provisions 129.48

Total net current assets 156.37

Miscellaneous expenses not written -

Total 449.81

Notes:Book value of unquoted investments 104.69

Market value of quoted investments -Contingent liabilities 181.66

Number of equity sharesoutstanding (Lacs) 237.28

Profit loss account

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Dec ' 09

IncomeOperating income 905.23

ExpensesMaterial consumed -

585.63

Personnel expenses 134.76

Selling expenses 1.03

Adminstrative expenses 78.8

Expenses capitalised -

Cost of sales 800.22

Operating profit 105.01

Other recurring income 7.06

Adjusted PBDIT 112.07Financial expenses 1.68

17.76

Other write offs -

Adjusted PBT 92.64

32.12

Adjusted PAT 60.52

Non recurring items -0.14

Other non cash adjustments 0.33

Reported net profit 60.71

Earnigs before appropriation 364.99

Equity dividend 2.37

Preference dividend -

Dividend tax 0.4

Retained earnings 362.21

Cash flowDec ' 09

Profit before tax 93.02

Net cashflow-operating activity 39.73

Net cash used in investing activity -58.65

Netcash used in fin. activity -3.35

Net inc/dec in cash and equivlnt -22.28

Cash and equivalnt begin of year 47.74

Manufacturing expenses

Depreciation

Tax charges

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Cash and equivalnt end of year 25.47

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Dec ' 08 Dec ' 07 Dec ' 06 Dec ' 05

23.76 23.76 23.76 23.76

- - - -

- - - -

368.11 293.54 226.46 178.94

- - 10.18 21.97

- - - 20

391.88 317.3 260.4 244.67

285.62 256.92 244.04 241.32

- - - -

112.44 96.75 75.34 62.07

173.19 160.17 168.7 179.24

8.91 3.38 1.78 0.41

69.77 63.47 28.57 18.2

261.11 204.94 152.58 118.67

121.1 114.66 91.39 72.23

140.01 90.28 61.2 46.44

- - 0.16 0.38

391.88 317.3 260.4 244.67

69.77 63.47 28.57 18.2

- - - -170.5 125.06 115.32 49.92

237.28 237.28 237.28 237.28

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Dec ' 08 Dec ' 07 Dec ' 06 Dec ' 05

974.47 808.72 668.02 415.09

- - - -

635.92 501.94 426.58 248.24

132.65 116.36 95.66 59.71

1.93 4.62 1.68 1.38

77.64 54.85 41.38 26.9

- - - -

848.14 677.78 565.29 336.23

126.32 130.94 102.73 78.86

6.39 2.58 1.71 0.45

132.71 133.53 104.44 79.31.59 1.66 2.73 3.02

16.57 24.03 22.01 13.14

- 0.16 0.22 0.16

114.56 107.67 79.48 62.98

41.4 36.64 27.64 22.75

73.16 71.03 51.83 40.23

0.22 -1.65 -1.61 -4.05

3.97 0.55 - 7.23

77.35 69.93 50.23 43.41

307.05 232.55 166.58 122.58

2.37 2.37 2.37 3.56

- - - -

0.4 0.47 0.33 0.5

304.28 229.7 163.88 118.53

Dec ' 08 Dec ' 07 Dec ' 06 Dec ' 05

118.75 106.57 77.87 66.16

54.64 82.38 62.71 48.3

-33.21 -51.3 -23.93 -22.86

-3.3 -13.38 -37.65 -22.28

18.14 17.7 1.13 3.16

29.6 11.91 10.77 7.62

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47.74 29.6 11.91 10.77

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A Profit loss account

Dec ' 09

Income

Operating income 905.23

ExpensesMaterial consumed -

585.63

Personnel expenses 134.76

Selling expenses 1.03

Adminstrative expenses 78.8

Expenses capitalised -

Cost of sales 800.22

Operating profit 105.01

Other recurring income 7.06

Adjusted PBDIT 112.07

Financial expenses 1.68

17.76

Other write offs -

Adjusted PBT 92.64

32.12

Adjusted PAT 60.52

Non recurring items -0.14

Other non cash adjustments 0.33

Reported net profit 60.71

Earnigs before appropriation 364.99

Equity dividend 2.37Preference dividend -

Dividend tax 0.4

Retained earnings 362.21

Manufacturing expenses

Depreciation

Tax charges

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Dec ' 08 Dec ' 07 Dec ' 06 Dec ' 05

974.47 808.72 668.02 415.09

- - - -

635.92 501.94 426.58 248.24

132.65 116.36 95.66 59.71

1.93 4.62 1.68 1.38

77.64 54.85 41.38 26.9

- - - -

848.14 677.78 565.29 336.23

126.32 130.94 102.73 78.86

6.39 2.58 1.71 0.45

132.71 133.53 104.44 79.3

1.59 1.66 2.73 3.02

16.57 24.03 22.01 13.14

- 0.16 0.22 0.16

114.56 107.67 79.48 62.98

41.4 36.64 27.64 22.75

73.16 71.03 51.83 40.23

0.22 -1.65 -1.61 -4.05

3.97 0.55 - 7.23

77.35 69.93 50.23 43.41

307.05 232.55 166.58 122.58

2.37 2.37 2.37 3.56- - - -

0.4 0.47 0.33 0.5

304.28 229.7 163.88 118.53

Documents 2008

Documents

Transcript of Documents 2008