-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S+/7P5wqvkLTB2NLiy1c5iiq2uDC+FMjFmrwoZSELkjmCEAsZsPZ5D/3bCFkBvZu A38cijQm/xN1pWuITbfbxA== 0000023249-96-000002.txt : 19960403 0000023249-96-000002.hdr.sgml : 19960403 ACCESSION NUMBER: 0000023249-96-000002 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960303 FILED AS OF DATE: 19960402 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONCORD FABRICS INC CENTRAL INDEX KEY: 0000023249 STANDARD INDUSTRIAL CLASSIFICATION: TEXTILE MILL PRODUCTS [2200] IRS NUMBER: 135673758 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-05960 FILM NUMBER: 96543729 BUSINESS ADDRESS: STREET 1: 1359 BROADWAY STREET 2: 4TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: 2127600300 MAIL ADDRESS: STREET 1: 1359 BROADWAY 4TH FLOOR STREET 2: 1359 BROADWAY 4TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 10-Q 1 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 10-Q QUARTERLY REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTER ENDED March 3, 1996 COMMISSION FILE NUMBER 1-5960 CONCORD FABRICS INC. (Exact name of Registrant as specified in its charter) DELAWARE 13-5673758 (State or other jurisdiction of (I. R. S. Employer incorporation or organization) Identification No.) 1359 Broadway, New York, New York 10018 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (212) 760-0300 Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes X No . 2,115,656 shares of Registrant's Class A Common Stock, par value $.50 per share and 1,509,451 shares of Registrant's Class B Common Stock, par value $.50 per share were outstanding as of March 26, 1996. 1 of 14 CONCORD FABRICS INC. AND SUBSIDIARIES QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED MARCH 3, 1996 INDEX Page Number PART I. Financial Information Item 1. Financial Statements Consolidated Statements of Operations - Twenty-Six Weeks Ended March 3, 1996 (Unaudited) and February 26, 1995 (Unaudited) 3 Consolidated Balance Sheets - March 3, 1996 (Unaudited), and September 3, 1995 (Derived from Audited Financial Statements) and February 26, 1995 (Unaudited) 4-5 Consolidated Statements of Cash Flows - Twenty-Six Weeks Ended March 3, 1996 (Unaudited) and February 26, 1995 (Unaudited) 6 Notes to Consolidated Financial Statements (Unaudited) 7-10 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 11-12 Part II. Other Information Item 6. Exhibits and Reports on Form 8-K 13 Signature Page 14 2 of 14 Item 1. Financial Statements --------------------
CONCORD FABRICS INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) (Note A) For the Twenty-Six Weeks Ended For the Thirteen Weeks Ended ------------------------------ ----------------------------- March 3, February 26, March 3, February 26, 1996 1995 1996 1995 ------------ ------------ ----------- ----------- Net Sales ..................... $73,463,198 $95,181,103 $39,152,098 $46,670,809 ------------ ------------ ----------- ----------- Cost of Sales ................. 54,223,282 75,425,095 29,008,145 37,386,822 Merchandising Expenses ........ 5,117,962 5,336,975 2,696,147 2,731,249 Selling and Shipping Expenses . 6,178,993 6,582,942 3,118,765 3,275,439 General and Administrative Expenses ................... 5,822,054 6,829,904 2,952,166 3,366,754 Interest Expense (Net) ........ 958,223 1,158,994 484,687 645,742 ------------ ------------ ----------- ------------ Total ................... $72,300,514 $95,333,910 $38,259,910 $47,406,006 ------------- ------------ ----------- ------------ Earnings (Loss) before income taxes and extraordinary item 1,162,684 (152,807) 892,188 (735,197) Income tax provision (credit) . 548,000 (21,000) 411,000 (263,000) ------------ ----------- ----------- ----------- Earnings (Loss) before extra- ordinary item .............. 614,684 (131,807) 481,188 (472,197) Extraordinary item net of income tax credit (Note D) . -0- (297,266) -0- (297,266) ------------ ----------- ----------- ----------- Net Earnings (Loss) ........... $ 614,684 ($429,073) $ 481,188 ($769,463) ============ =========== =========== =========== Net Earnings (Loss) per common share before extraordinary item ....................... $.17 ($.04) $.13 ($.13) Extraordinary item ............ -0- ($.08) -0- ($.08) ------------ ----------- ----------- ----------- Net Earnings (Loss) per Common Share ...................... $.17 ($.12) $.13 ($.21) ============ =========== =========== =========== Number of shares used in computing earnings per Common Share .. 3,624,665 3,602,562 3,625,107 3,602,562 ============ =========== =========== =========== Dividend per Common Share ..... NONE NONE NONE NONE ============ =========== =========== =========== The attached notes are made a part hereof.
3 of 14 CONCORD FABRICS INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET (Note A) September 3, 1995 (Derived from March 3, Audited February 26, 1996 Financial 1995 A S S E T S (Unaudited) Statements) (Unaudited) - ----------- ------------ ------------ ------------ Current Assets: Cash .......................... $ 1,186,758 $ 2,362,119 $ 1,385,421 Temporary cash investments (at cost which approximates market) . -0- -0- 600,000 Income tax refund receivable .. 1,867,000 2,051,000 898,211 Accounts receivable (less estimated doubtful accounts of $1,645,000 on March 3, 1996, $1,225,000 on September 3, 1995, and $2,805,000 on February 26, 1995) ......... 30,158,146 27,909,706 34,815,610 Inventories (Note B) .......... 23,709,535 24,071,426 30,284,320 Prepaid expenses and other current assets .............. 1,557,388 2,352,403 1,841,496 Deferred income taxes ......... 2,010,000 2,172,000 1,634,000 ----------- ----------- ----------- Total Current Assets .......... $60,488,827 $60,918,654 $71,459,058 Property, plant and equipment (at cost, less depreciation and amortization of $5,692,954 on March 3, 1996, $5,101,597 on September 3, 1995, and $6,948,125 on February 26, 1995) ............ 8,475,886 8,153,913 10,278,575 Property and plant leased to others 2,117,452 2,193,532 2,269,612 Property, plant, & equipment held for sale - at estimated disposal value ... 2,902,700 3,000,000 -0- Deferred income taxes ............ -0- -0- 32,000 Other assets ..................... 2,235,661 2,379,826 1,959,785 ----------- ----------- ----------- T O T A L .................. $76,220,526 $76,645,925 $85,999,030 =========== =========== =========== The attached notes are made a part hereof. 4 of 14 CONCORD FABRICS INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET (Note A) September 3, 1995 (Derived from March 3, Audited February 26, 1996 Financial 1995 L I A B I L I T I E S (Unaudited) Statements) (Unaudited) - --------------------- ------------ ------------ ------------ Current Liabilities: Notes payable - banks (Note C) ................... $ 2,000,000 $ 2,000,000 $ 9,000,000 Accounts payable .............. 9,733,676 8,923,439 10,662,311 Accrued expenses and taxes .... 3,237,619 5,370,075 3,721,05 Income taxes payable .......... 222,000 -0- -0- ------------ ------------ ------------ Total Current Liabilities ..... $15,193,295 $16,293,514 $23,383,364 Notes payable - insurance company (Note D) .............. 20,000,000 20,000,000 20,000,000 Deferred income taxes ............ 214,000 214,000 -0- Other liabilities ................ 391,090 361,090 321,417 ------------ ------------ ------------ Total Liabilities ............. $35,798,385 $36,868,604 $43,704,781 Commitments and contingencies ------------ ------------ ------------ (Note E) S T O C K H O L D E R S ' E Q U I T Y Common stock: (Notes F & G) Class A - $.50 par value authorized 4,000,000 shares, issued 2,115,656 shares at March 3, 1996, 2,105,611 shares September 3, 1995 and 2,093,111 shares at February 26, 1995. ......... 1,057,828 1,052,805 1,046,555 Class B - $.50 par value authorized 4,000,000 shares, issued 1,509,451 shares at March 3, 1996, 1,509,451 shares at September 3, 1995 and 1,509,451 shares at February 26, 1995. ......... 754,726 754,726 754,726 Additional paid-in capital ....... 9,087,998 9,062,885 9,031,635 Retained earnings ................ 29,521,589 28,906,905 31,461,333 ----------- ----------- ----------- Total Stockholders' Equity .... $40,422,141 $39,777,321 $42,294,249 ----------- ----------- ----------- T O T A L .................. $76,220,526 $76,645,925 $85,999,030 =========== =========== =========== The attached notes are made a part hereof. 5 of 14 CONCORD FABRICS INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)
(Note A) For the Twenty-Six Weeks Ended -------------------------------- March 3, February 26, 1996 1995 ------------ ------------ Cash flows from operating activities: Net earnings (loss) ............................ $ 614,684 ($429,073) Adjustments to reconcile net earnings (loss) to net cash (used in) operating activities: Depreciation and amortization ............. 667,437 922,347 Deferred income tax ....................... 162,000 182,000 Provision for doubtful accounts ........... 420,000 630,000 Changes in assets: Decrease (increase) in: Accounts receivable ................. (2,668,440) (446,448) Inventories ......................... 361,891 800,240 Income tax refunds receivable ....... 184,000 (898,211) Prepaid expenses and other current assets .................... 795,015 715,433 Other assets ........................ 144,165 (431,292) Changes in liabilities: Increase (decrease) in: Accounts payable .................... 810,237 (4,528,472) Accrued expenses and taxes .......... (2,132,456) (3,290,757) Income taxes payable ................ 222,000 (992,637) Other liabilities ................... 30,000 19,464 ----------- ----------- Net cash (used in) operating activities: ........ (389,467) (7,747,406) ----------- ----------- Cash flows from investing activity: Purchases of property, plant, and equipment ..... (913,330) (2,244,555) Proceeds of sale of Washington Plant machinery and equipment ................................. 97,300 -0- ----------- ----------- Net cash (used in) investing activities: ........... (816,030) (2,244,555) Cash flows from financing activities: Increase (decrease) in notes payable - bank ..... -0- (600,000) Increase in notes payable - insurance company (net) -0- 11,000,000 Sale of common stock (stock option exercised) ... 30,136 -0- ----------- ----------- Net cash provided by financing activities .......... 30,136 10,400,000 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,175,361) 408,039 ----------- ----------- Cash and cash equivalents - beginning of period .... 2,362,119 1,577,382 ----------- ----------- CASH AND CASH EQUIVALENTS - END OF PERIOD .......... $1,186,758 $1,985,421 The attached notes are made a part hereof. =========== ==========
6 of 14 CONCORD FABRICS INC. AND SUBSIDIARIES NOTES TO FORM 10-Q AS AT MARCH 3, 1996 (Unaudited) Note A The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair representation have been included. Operating results for the twenty-six weeks ended March 3, 1996 are not necessarily indicative of the results that may be expected for the fiscal year ending September 1, 1996. These statements should be read in conjunction with the financial statements and notes thereto included in Registrant's annual report to shareholders and Form 10-K for the fiscal year ended September 3, 1995. Note B - Inventories: Inventories are summarized by categories as follows: March 3, September 3, February 26, 1996 1995 1995 ------------ ----------- ------------ Finished goods......... $12,395,129 $12,160,524 $16,878,027 Work-in-process........ 3,214,297 3,253,096 4,707,098 Greige goods and yarn.. 8,100,109 8,657,806 8,699,195 ------------ ----------- ------------ Total............... $23,709,535 $24,071,426 $30,284,320 ============ =========== ============ The foregoing inventory amounts at March 3, 1996 and February 26, 1995 were determined from perpetual inventory records maintained by Registrant. Note C - Notes Payable - Banks: At March 3, 1996, Registrant had total unused bank lines of credit aggregating $18,000,000; bank debt was $2,000,000. Amounts borrowed are generally due in 30 to 90 days. The line of credit arrangements are informal and cancellable at the banks' option. Registrant is generally expected to maintain average annual compensating bank balances in consideration of its average annual bank borrowings. Registrant believes it has been in substantial compliance with its arrangements and that withdrawal of bank balances is not legally restricted. The interest rate on amounts outstanding at March 3, 1996 was 8.25%. A subsidiary of the Registrant had approximately $1,684,000 of letters of credit outstanding at March 3, 1996 for merchandise scheduled for future delivery. 7 of 14 CONCORD FABRICS INC. AND SUBSIDIARIES NOTES TO FORM 10-Q AS AT MARCH 3, 1996 (Unaudited) Continued Note D - Notes Payable - Insurance Company: On November 30, 1994, the Registrant obtained a $20,000,000 loan from John Hancock Mutual Life Insurance Company. This unsecured loan bears interest at 9.31% a per annum and is repayable in seven equal annual installments commencing on November 30, 1998. A portion of the loan proceeds was used to repay the $9,000,000 loan outstanding to the Prudential Insurance Company of America and a prepayment penalty of $495,000 associated therewith. The new loan agreement requires maintenance of certain financial ratios and maintenance of tangible net worth of approximately $36,000,000. The agreement also prohibits the pledging of assets and restricts dividends and redemptions of capital stock to $3,000,000 plus 50% of net earnings subsequent to August 28, 1994; the cumulative amount available for such payments aggregated approximately $2,332,000 at March 3, 1996. Note E - Purchase Commitments: At March 3, 1996, Registrant had outstanding commitments to purchase greige goods aggregating $4,200,000. At February 26, 1995 outstanding purchase commitments were approximately $13,400,000. Note F - Common Stock: The Class A and Class B shares principally differ as follows: (1) The Class A shares have a 15% dividend preference and a 10% liquidation preference with respect to the Class B shares. (2) Holders of Class A shares are entitled to one vote a share whereas holders of Class B shares are entitled to ten votes a share. (3) Holders of Class A shares voting as a separate class are entitled to elect 25% of Registrant's directors and holders of Class A shares and Class B shares voting together are entitled to elect the remaining directors. 8 of 14 CONCORD FABRICS INC. AND SUBSIDIARIES NOTES TO FORM 10-Q AS AT MARCH 3, 1996 (Unaudited) Continued (4) Class B shares are convertible into Class A shares on the basis of one share of Class A shares for each share of Class B shares; Class A shares have no conversion rights. Note G - Stock Options: Pursuant to an Incentive Program adopted on January 10, 1989, awards (as defined) may be granted to key employees of the Registrant up to a maximum of 500,000 shares of the Registrant's Class A common stock. On January 10, 1989, options to purchase an aggregate of 150,000 shares of the Registrant's Class A common stock at $3 a share (fair market value at such date) was granted to three employees. The options are exercisable in four annual installments commencing January 10, 1994 and expire ten years from the date of grant. On January 9, 1996, options to purchase an aggregate of 200,000 shares of the Registrant's Class A common stock at $4.625 a share (fair market value at such date) was granted to two employees. The options are exercisable in four annual installments commencing January 9, 1997 and expire ten years from the date of the grant. Option activity for the twenty-six weeks ended March 3, 1996 is summarized as follows: Options Outstanding ------------------- Shares Available Number of for Grant Shares Amount Balance - September 3, 1995 .. 350,000 100,000 $ 300,000 Twenty-Six Weeks Ended March 3, 1996: Granted ...................(200,000) 200,000 925,000 Exercised ................. -0- (10,045)* (30,135) Cancelled ................. -0- (2,455)** (7,365) ------- -------- ----------- Balance - March 3, 1996 ...... 150,000 287,500 $1,187,500 ======= ======== =========== * Exercised upon the retirement of an employee. ** Cancelled as a result of an employee's retirement. 9 of 14 CONCORD FABRICS INC. AND SUBSIDIARIES NOTES TO FORM 10-Q AS AT MARCH 3, 1996 (Unaudited) Note H - Earnings (Loss) Per Share: Earnings (loss) per share are computed by dividing net earnings or (loss) by common shares outstanding and common stock equivalents. Outstanding options did not have a material dilutive effect on earnings per share for the thirteen and twenty-six week periods ended March 3, 1996. Note I - Chino, California Facility: In February 1994, the Registrant leased the land and building at the Chino California facility for a five year period at an annual net rental of $297,000; the lessee was also granted the option to purchase the land and building during the lease period for $2,900,000. Note J - Property, Plant and Equipment Held for Sale: In the fourth quarter of fiscal 1995 Registrant decided to dispose of its Washington, Georgia dyeing and finishing plant and has been actively searching for a buyer; manufacturing operations ceased October 6, 1995. Registrant provided for estimated expenses during the disposition period in its fiscal year ended September 3, 1995 and estimates that the net proceeds of sale will approximate the facility's depreciated cost. 10 of 14 CONCORD FABRICS INC. AND SUBSIDIARIES MARCH 3, 1996 Item 2..........MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS OPERATIONS - Twenty-Six Weeks Ended March 3, 1996 Compared With Twenty-Six Weeks Ended February 26, 1995. Fabric sales decreased by 22.8% principally due to a decrease in yardage sold principally with respect to solid woven fabrics which resulted from the closing of the Washington, Georgia facility. Gross profit margin increased from 20.8% in fiscal 1995 to 26.2% in fiscal 1996 primarily due to better performance at Registrant's Milledgeville, Georgia plant and the discontinuance of operations of the Washington, Georgia facility. Selling and shipping expenses declined by 6.1% as a result of the decrease in Registrant's sales. The decrease was less than the actual sales decrease because some of Registrant's selling expenses do not vary with sales but represent sales management costs which are more fixed in nature. General and administrative expenses declined by 14.8% as a result of a decline in Registrant's 1) provision for doubtful accounts as there were no significant customer failures in the current period in contrast with the 1995 twenty-six week experience, 2) consulting fees associated with systems programming, and 3) administrative costs at the Washington, Georgia manufacturing facility which was shut-down in October 1995. Interest expense declined by 17.3% due to decreased short-term borrowing needs due to lower working capital requirements associated with reduced business activity. There were pre-tax earnings of $1,163,000 for the first twenty-six weeks of fiscal 1996 which compared with a pre-tax loss of $153,000 for the first twenty-six weeks of fiscal 1995. Net earnings were $615,000 for 1996 and the net loss was $429,000 for 1995. Registrant's 1995 net loss included an extraordinary item (net of income tax credit) in the amount of $297,000 paid to an insurance company as a prepayment penalty. OPERATIONS - Thirteen Weeks Ended March 3, 1996 Compared With Thirteen Weeks Ended February 26, 1995. Fabric sales decreased by 16.1% principally due to a decrease in yardage sold principally with respect to solid woven fabrics which resulted from the closing of the Washington, Georgia facility. Gross profit margin increased from 19.9% in fiscal 1995 to 25.9% in fiscal 1996 primarily due to better performance at Registrant's Milledgeville, 11 of 14 CONCORD FABRICS INC. AND SUBSIDIARIES MARCH 3, 1996 Item 2..........MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS Continued Georgia plant and the discontinuance of operations of the Washington, Georgia facility. Selling and shipping expenses declined by 4.8% as a result of the decrease in Registrant's sales. The decrease was less than the actual sales decrease because some of Registrant's selling expenses do not vary with sales but represent sales management costs which are more fixed in nature. General and administrative expenses declined by 12.3% as a result of a decline in Registrant's 1) provision for doubtful accounts as there were no significant customer failures in the current period in contrast with the second fiscal quarter 1995 experience, 2) consulting fees associated with systems programming, and 3) administrative costs at the Washington, Georgia manufacturing facility which was shut-down in October 1995. Interest expense declined by 24.9% due to decreased short-term borrowing needs due to lower working capital requirements associated with reduced business activity. There were pre-tax earnings of $892,000 for the second quarter of fiscal 1996 which compared with a pre-tax loss of $735,000 for the second quarter of fiscal 1995. Net earnings were $481,000 for 1996 and the net loss was $769,000 for 1995. Registrant's 1995 net loss included an extraordinary item (net of income tax credit) in the amount of $297,000 paid to an insurance company as a prepayment penalty. LIQUIDITY AND CAPITAL RESOURCES During the twenty-six weeks of fiscal 1996, Registrant's operations required the use of $389,000 cash. $913,000 was used to acquire machinery and equipment. The sale of Washington plant machinery and equipment provided $97,000. Cash decreased by $1,175,000 during the period. Working capital increased by $670,000 for the twenty-six weeks ended March 3, 1996. Registrant expects its lines of credit and cash flow from operations to be adequate to finance operations and meet its cash requirements for fiscal 1996. 12 of 14 CONCORD FABRICS INC. AND SUBSIDIARIES FORM 10-Q PART II Item 6. Exhibits and reports on Form 8-K (a) Exhibits - None (b) No report on Form 8-K was filed by Registrant during the twenty-six weeks ended March 3, 1996. 13 of 14 CONCORD FABRICS INC. AND SUBSIDIARIES ------------------------------------- SIGNATURES ---------- Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CONCORD FABRICS INC. --------------------------------- Registrant Date: April 2, 1996 By /s/ Earl Kramer Earl Kramer President and Chief Executive Officer Date: April 2, 1996 By /s/ Martin Wolfson Martin Wolfson Senior Vice President-Treasurer Chief Financial Officer 14 of 14 EX-27 2
5 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE SECOND QUARTER AND TWENTY-SIX WEEKS ENDED FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO IT. 0000023249 CONCORD FABRICS INC. 1 U. S. DOLLARS 6-MOS 6-MOS 3-MOS 3-MOS SEP-01-1996 SEP-03-1995 SEP-01-1996 SEP-03-1995 SEP-04-1995 AUG-29-1994 DEC-04-1995 NOV-28-1994 MAR-03-1996 FEB-26-1995 MAR-03-1996 FEB-26-1995 1 1 1 1 1,186,758 1,985,421 1,186,758 1,985,421 0 0 0 0 30,158,146 34,815,610 30,158,146 34,815,610 0 0 0 0 23,709,535 30,284,320 23,709,535 30,284,320 60,488,827 71,459,058 60,488,827 71,459,058 8,475,886 10,278,578 8,475,886 10,278,575 0 0 0 0 76,220,526 85,999,030 76,220,526 85,999,030 15,193,295 23,383,364 15,193,295 23,383,364 0 0 0 0 0 0 0 0 0 0 0 0 1,812,554 1,801,281 1,812,554 1,801,281 0 0 0 0 76,220,526 85,999,030 76,220,526 85,999,030 73,463,198 95,181,103 39,152,098 46,670,809 73,463,198 95,181,103 39,152,098 46,670,809 54,223,282 75,425,095 29,008,145 37,386,822 72,300,514 95,333,910 38,259,910 47,406,006 0 0 0 0 0 0 0 0 958,223 1,158,994 484,687 645,742 1,162,684 (152,807) 892,188 (735,197) 548,000 (21,000) 411,000 (263,000) 0 0 0 0 0 0 0 0 0 (297,266) 0 (297,266) 0 0 0 0 614,684 (429,073) 481,188 (769,463) .17 (.12) .13 (.21) 0 0 0 0
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