-----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, T0rR9q5rQmuWolWFoFNV3i44PC0tzty3iTTbmC1KzhkEVDrsjYcSSgzIPWcejbAc mIv0I4Ks/dx0qp+J5Di5KQ== 0000046189-98-000003.txt : 19980112 0000046189-98-000003.hdr.sgml : 19980112 ACCESSION NUMBER: 0000046189-98-000003 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971130 FILED AS OF DATE: 19980109 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: ESSEX COUNTY GAS COMPANY CENTRAL INDEX KEY: 0000046189 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 041427020 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 10-Q SEC ACT: SEC FILE NUMBER: 000-01166 FILM NUMBER: 98503999 BUSINESS ADDRESS: STREET 1: 7 N HUNT RD CITY: AMESBURY STATE: MA ZIP: 01913 BUSINESS PHONE: 5083884000 MAIL ADDRESS: STREET 1: 7 NORTH HUNT ROAD CITY: AMESBURY STATE: MA ZIP: 01913 FORMER COMPANY: FORMER CONFORMED NAME: HAVERHILL GAS CO DATE OF NAME CHANGE: 19830420 10-Q 1 1 See Notes to Financial Statements SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 1997 OR _____ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 0-1166 ESSEX COUNTY GAS COMPANY (Exact name of registrant as specified in its charter) Massachusetts 04-1427020 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification #) 7 North Hunt Road, Amesbury, Massachusetts 01913 (Address of principal executive offices) (Zip Code) (978) 388-4000 (Registrant's telephone number, including area code) (Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Sections 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 _____ APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS: Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by court. Yes_____ No _____ APPLICABLE ONLY TO CORPORATE ISSUERS: Number of shares of Common Stock outstanding as of November 30, 1997: 1,693,902 2 PART I - FINANCIAL INFORMATION Item 1 FINANCIAL STATEMENTS The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. They do not include information and footnotes required by generally accepted accounting principles for complete financial statements. For further information, refer to the notes to consolidated financial statements included in the registrant's Annual Report on Form 10-K for the year ended August 31, 1997 (1997 10-K). In the opinion of Management, all adjustments, consisting of normally recurring adjustments considered necessary for a fair presentation, have been included. Because of the seasonal nature of the registrant's business, operating results for the three months ended November 30, 1997, are not necessarily indicative of the results that may be expected for the fiscal year ending August 31, 1998. 3 ESSEX COUNTY GAS COMPANY CONSOLIDATED BALANCE SHEETS November 30, 1997 August (Unaudited) 31, 1997 ASSETS Utility plant $106,185,777 $104,540,111 Less: accumulated depreciation 25,365,712 25,021,795 ------------ ------------ Net utility plant 80,820,065 79,518,316 ------------ ------------ Other property and investments 740,108 718,838 ------------ ------------ Capitalized lease 581,926 604,822 ------------ ------------ Current assets: Cash and cash equivalents 369,296 434,930 Accounts receivable, net Customers 2,814,948 2,275,005 Other 258,997 389,526 Supplemental fuel inventory 4,203,714 4,131,520 Material and supplies 701,113 560,493 Prepaid deferred income taxes 1,938,151 100,105 Prepayments and other 242,000 622,024 Recoverable gas costs 2,216,407 320,909 ------------ ------------ Total current assets 12,744,626 8,834,512 ------------ ------------ Deferred charges: Regulatory assets 1,635,147 1,790,966 Unamortized debt expense and other 1,290,321 1,278,367 ------------ ------------ Total deferred charges 2,925,468 3,069,333 ------------ ------------ $ 97,812,193 $ 92,745,821 ============ ============ See Notes to Consolidated Financial Statements. 4 ESSEX COUNTY GAS COMPANY CONSOLIDATED BALANCE SHEETS (Continued) November 30, 1997 August (Unaudited) 31, 1997 CAPITALIZATION AND LIABILITIES Common stock equity: Common stock, no par value, 5,000,000 authorized shares. Issued and outstanding 1,693,902 shares at November 30, 1997, and 1,685,318 shares at August 31, 1997 $20,557,092 $20,320,890 Unrecognized gain (loss) on investments available for sale, net 4,273 (6,253) Retained earnings 14,578,812 15,094,008 ----------- ----------- Total common stock equity 35,140,177 35,408,645 ----------- ----------- Long-term debt less current portion 28,199,000 28,799,000 Non-current obligations under ----------- ----------- capital lease 531,989 550,939 ----------- ----------- Current liabilities: Current portion of long-term debt 894,988 960,535 Current obligation under capital lease 49,938 53,883 Obligations under supplemental fuel inventory 4,320,881 3,807,788 Notes payable, banks 6,358,000 3,313,000 Accounts payable 5,003,959 3,092,859 Accrued interest 160,529 803,237 Taxes payable 5,597 157,098 Accrued transition costs 274,594 401,465 Supplier refund due customers 1,415,217 1,567,364 Other 222,639 320,308 ------------ ------------ Total current liabilities 18,706,342 14,477,537 ------------ ------------ Deferred credits: Accumulated deferred income taxes 10,516,663 8,941,079 Unamortized investment tax credit 1,123,690 1,141,132 Deferred directors' fees 1,147,006 1,106,358 Other 2,447,326 2,321,131 ------------ ------------ Total deferred credits 15,234,685 13,509,700 ------------ ------------ $ 97,812,193 $ 92,745,821 ============ ============ See Notes to Consolidated Financial Statements 5 ESSEX COUNTY GAS COMPANY CONSOLIDATED STATEMENTS OF OPERATIONS THREE MONTHS ENDED November November 30, 1997 30, 1996 (Unaudited) (Unaudited) Operating revenues $ 9,034,815 $ 8,142,501 Less: Cost of gas 4,192,532 4,130,103 ----------- ----------- Operating margin 4,842,283 4,012,398 ----------- ----------- Operating expenses: Operations and maintenance expenses 3,034,244 3,004,376 Depreciation 546,685 497,760 Taxes, other than federal income 273,763 228,547 Federal income taxes 46,680 (189,442) ----------- ----------- Total operating expenses 3,901,372 3,541,241 ----------- ----------- Operating income 940,911 471,157 Other income (loss) - net 13,128 (21,073) ----------- ----------- Income before interest charges 954,039 450,084 ----------- ----------- Interest charges: Interest on long-term debt 638,382 477,167 Amortization of debt expense 8,060 6,930 Other interest expense 136,328 231,383 Allowance for funds used during construction (5,259) (4,727) ----------- ----------- Total interest charges 777,511 710,753 ----------- ----------- Net income (loss) available for common stock $ 176,528 $ (260,669) =========== =========== Common shares outstanding (weighted average) 1,690,267 1,647,616 --------- --------- Income (loss) per common share $ .10 $ (.16) ------ ------- Dividends per common share $ .41 $ .40 ------ ------ See Notes to Consolidated Financial Statements 6 ESSEX COUNTY GAS COMPANY CONSOLIDATED STATEMENTS OF CASH FLOWS THREE MONTHS ENDED November November 30, 1997 30, 1996 (Unaudited) (Unaudited) Operating activities: Net loss $ 176,528 $ (260,669) Adjustments to reconcile net income ---------- ----------- to net cash: Depreciation and amortization 606,533 554,477 Provision for uncollectible accounts 154,836 130,013 Deferred income taxes 216,217 (536,805) Non-cash compensation related to ESOP - 75,000 Changes in current assets and liabilities: Accounts receivable (564,250) (778,661) Inventories (212,814) (1,331,259) Prepayments and other 380,024 535,951 Taxes payable (151,501) 492,395 Recoverable gas costs (2,047,645) (1,907,974) Accounts payable 1,911,100 (38,222) Other, net (1,054,022) (853,803) ---------- ---------- Total adjustments (761,522) (3,658,888) Net cash used in operating ---------- ---------- activities (584,994) (3,919,557) ---------- ---------- Investing activities: Capital expenditures (1,874,125) (1,987,021) Cost of property retirements, net (34,220) 15,669 Net cash used in ---------- ---------- investing activities (1,908,345) (1,971,352) ---------- ---------- Financing activities: Dividends paid (691,725) (657,830) Issuance of common stock 226,884 219,954 Principal retired on long-term debt (665,547) (666,261) Increase in fuel note payable 513,093 1,392,787 Principal payment on ESOP obligation - (75,000) Increase in notes payable, banks 3,045,000 6,445,000 Net cash provided by financing ---------- ---------- activities 2,427,705 6,658,650 ---------- ---------- Net increase (decrease) in cash and cash equivalents (65,634) 767,741 Cash and cash equivalents at beginning of period 434,930 303,526 ---------- ---------- Cash and cash equivalents at end of period $ 369,296 $1,071,267 ========== ========== Supplemental disclosures: Cash paid for interest (net of amount capitalized) $1,412,558 $1,171,767 ---------- ---------- Cash paid for income taxes $ 220,000 $ 0 ---------- ---------- See Notes to Consolidated Financial Statements 7 Notes to Consolidated Financial Statements: A. Interim Accounting Policies The amount of natural gas sold for purposes of central and space heating, and to a lesser extent, water heating, is directly related to the ambient air temperature. Consequently, less gas is sold during the summer months than is sold during the winter months. In order to match its costs more properly with gas sales revenue each month, the Company charges to certain expenses, primarily depreciation, an amount equal to the percentage of the annual volume of firm gas sales forecasted for the month, applied to the estimated annual expenses. B. Accounts Receivable Accounts Receivable - Customers are shown net of allowance for uncollectible accounts of $958,312 and $772,000 as of November 30, 1997 and August 31, 1997, respectively. C. Restriction on Retained Earnings Under the terms of the Indenture of First Mortgage Bonds dated October 1, 1955, as updated by Supplemental Indentures numbered One through Fifteen, retained earnings in the amount of $4,745,044 as of November 30, 1997, were unrestricted as to the payment of cash dividends on Common Stock and the purchase, redemption, or retirement of shares of capital stock. D. Commitments and Contingencies For information regarding commitments and contingencies, see Notes to Consolidated Financial Statements in the Company's 1997 Annual Report on Form 10-K. E. Merger Agreement The Company has agreed, subject to the terms and conditions of the Agreement and Plan of Merger dated as of December 19, 1997 (the "Merger Agreement") with Eastern Enterprises ("Eastern"), to merge with a wholly-owned subsidiary of Eastern. Upon consummation of the proposed merger, the Company would become a wholly-owned subsidiary of Eastern, and each share of the Company's common stock would be converted into the right to receive a number of shares of Eastern common stock equal to the exchange ratio provided for in the Merger Agreement. The exchange ratio is 1.183985 shares of Eastern common stock for each share of the 8 Company's common stock. The exchange ratio will be subject to adjustment in the event that the average closing price per share of Eastern common stock for the ten (10) trading day period ending on the fifth trading day prior to the closing date of the proposed merger is less than $45 or greater than $50. The adjustment to the exchange ratio is designed to assure that the market value of the Eastern common stock (determined based upon such average closing price) exchanged for each share of the Company's common stock is not less than $45 nor more than $50 per share of the Company's common stock. The proposed merger is subject to a vote of the Company's stockholders, regulatory approvals, required consents and other conditions. Eastern is an unincorporated voluntary association, commonly referred to as a "Massachusetts business trust." Eastern's principal subsidiaries are Boston Gas Company ("Boston Gas") and Midland Enterprises, Inc. ("Midland"). Boston Gas is a regulated utility that distributes natural gas in and around Boston, Massachusetts. Midland is engaged in barge transportation, principally on the Ohio and Mississippi river systems. Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations Results of Operations For the Three Months Ended November 30, 1997 and November 30, 1996 The Company's gas sales are divided into two categories: firm, whereby the Company must supply gas to customers on demand; and interruptible, whereby the Company, generally during colder months, may discontinue service to high volume industrial customers. Sales of gas to interruptible customers do not materially affect the Company's operating income because, unless interruptible volumes exceed a certain threshold specified by the Massachusetts Department of Telecommunications and Energy ("DTE"), the Company must return all gross profit on such sales directly to the Company's firm customers. Once the threshold is attained, the Company may retains 25% of gross profits. The threshold was not attained in the three month period ended November 30, 1997. Since most of the Company's firm customers utilize gas for space heating purposes, the Company's sales are sensitive to the severity of the weather. The Company measures weather through the use of effective degree days. The Company's service territory experienced 940 effective degree days during the three months ended November 30, 1997 as compared to 978 effective degree days for the three months ended November 30, 1996. The twenty-year average is 953 effective degree days for 9 the three months ended November 30, 1997. The weather was 1.4% warmer than normal during the quarter ended November 30, 1997 and 3.9% warmer compared to the same period in the prior year. However, the month of November was 11.4% colder than normal and 8.8% colder than November 1996. As a result, the volume of firm sales increased 9.3% to 1,006,363 Dth for the three months ended November 30, 1997 from 921,143 Dth for the three months ended November 30, 1996. For the same period, the Company's interruptible sales volume decreased by 242,409 Dth to 43,826 Dth, and interruptible revenues decreased to $131,853 from $683,735. The Company's total operating revenues increased 10.9% to $9,034,815 for the three months ended November 30, 1997 from $8,142,501 for the three months ended November 30, 1996. This increase was due to the previously mentioned weather-related increase in firm gas volumes as well as an 8.9% increase in the average unit price of gas sold to firm customers. The average unit price was $8.54 per Dth of firm gas sold for the three months ended November 30, 1997 compared to $7.84 per Dth of firm gas sold for the three months ended November 30, 1996. Gas costs recovered increased 1.5% to $4,192,532 for the three months ended November 30, 1997 from $4,130,103 for the three months ended November 30, 1996. The reason for the increase in gas costs recovered is due to the above mentioned increase in volumes sold as well as a 16.7% increase in the Company's average cost of gas to $3.99 per Dth for the three months ended November 30, 1997 from $3.42 per Dth for the three months ended November 30, 1996. Operations and maintenance expenses increased 1.0% to $3,034,244 for the three months ended November 30, 1997 compared to $3,004,376 for the three months ended November 30, 1996. Depreciation expense increased $48,925 (9.8%) for the three months ended November 30, 1997 compared to the three months ended November 30, 1996. This increase was primarily due to an increase in the depreciation rate approved by the DTE effective December 1, 1996, from 3.03% to 3.7%. Interest charges for the three months ended November 30, 1997 increased by $66,758 compared to the three months ended November 30, 1996. The increase was primarily attributable to higher outstanding balances on long-term debt. Income attributable to common stock increased $437,197 to $176,528 for the three months ended November 30, 1997 from a loss of $260,669 for the three months ended November 30, 1996. Income per common share increased $0.26 to $0.10 for the three months ended November 30, 1997 from $0.16 per share for the three months ended November 30, 1996. Dividends per common share were $.41 per share for the three months ended November 30, 1997 compared to $.40 per share for the three months ended November 30, 1996. In December 1997, the Company declared a dividend of $.42 per share which was paid to shareholders on January 1, 1998. 10 Liquidity and Capital Resources Net cash used in operating activities for the three months ended November 30, 1997 was $584,994. Cash flows were generated primarily from depreciation and amortization of $606,533; and an increase in Accounts Payable of $1,911,099. These sources of cash were offset primarily by an increase in accounts receivable of $564,250; an increase in recoverable gas costs of $2,047,645; and a decrease in accrued interest expense of $642,708. The increase in accounts receivable is due to the seasonal nature of the Company's business. The increase in recoverable gas costs represents higher gas costs which will be recovered from the Company's firm customers. Occasionally the Company receives refunds from its pipeline supplier as a result of regulatory action by the Federal Energy Regulatory Commission. The supplier refunds are returned by the Company to customers over a twelve month period. The Company did not receive any supplier refunds during the three months ended November 30,1997. The Company finances its gas inventory with a bank through a special purpose credit agreement which has a maximum financing commitment of $10,000,000 with a floating interest rate. This credit agreement extends from December 12, 1995 through December 31, 2000. As of November 1997, the Company's obligation under this credit agreement was $4,320,881. The Company continues to invest a significant amount of capital in its distribution system to satisfy current and expected future customer demand. Funding has traditionally been generated from operations, short-term bank borrowings, issuance of long-term debt and the issuance of additional equity, includ ing the issuance of additional shares of common stock through a Dividend Reinvestment and Common Stock Purchase Plan. In the quarter ended November 30, 1997, the Company raised $167,435 of common stock through its Dividend Reinvestment and Common Stock Purchase Plan (including $45,105 from the cash infusion portion of the Plan) and $66,235 of common stock through the Company's employee stock plan. Management anticipates that these and other sources will remain available and will continue to adequately serve the Company's needs. 11 For the three months ended November 30, 1997, the Company's construction expenditures totaled $1,924,453. These expenditures were funded principally from short-term bank borrowings. Historically, the first quarter of the Company's fiscal year has been characterized by significant construction expenditures, low gas sendout and low operating revenues. Cash requirements during this period have historically been satisfied through short-term bank borrowings. Planned construction expenditures for the remainder of fiscal 1998 are currently estimated at $4,750,000 and planned construction expenditures for fiscal 1999 are currently estimated at $8,000,000. The Company's planned construction expenditures and long-term debt repayments have been and will continue to be funded through cash generated by operations and short-term bank borrowings which the Company anticipates will be replaced from time to time with equity and long-term debt financings. Merger Agreement The Company has agreed, subject to the terms and conditions of the Agreement and Plan of Merger dated as of December 19, 1997 (the "Merger Agreement") with Eastern Enterprises ("Eastern"), to merge with a wholly-owned subsidiary of Eastern. Upon consummation of the proposed merger, the Company would become a wholly-owned subsidiary of Eastern, and each share of the Company's common stock would be converted into the right to receive a number of shares of Eastern common stock equal to the exchange ratio provided for in the Merger Agreement. The exchange ratio is 1.183985 shares of Eastern common stock for each share of the Company's common stock. The exchange ratio will be subject to adjustment in the event that the average closing price per share of Eastern common stock for the ten (10) trading day period ending on the fifth trading day prior to the closing date of the proposed merger is less than $45 or greater than $50. The adjustment to the exchange ratio is designed to assure that the market value of the Eastern common stock (determined based upon such average closing price) exchanged for each share of the Company's common stock is not less than $45 nor more than $50 per share of the Company's common stock. The proposed merger is subject to a vote of the Company's stockholders, regulatory approvals, required consents and other conditions. Eastern is an unincorporated voluntary association, commonly referred to as a "Massachusetts business trust." Eastern's principal subsidiaries are Boston Gas Company ("Boston Gas") and Midland Enterprises, Inc. ("Midland"). Boston Gas is a regulated utility that distributes natural gas in and around Boston, Massachusetts. Midland is engaged in barge transportation, principally on the Ohio and Mississippi river systems. 12 Regulatory and Accounting Issues The Company's revenues are based on rates regulated by the DTE. These rates are designed to allow the Company to recover its operating costs and provide an opportunity to earn a reasonable rate of return on investor supplied funds. Once approved, the Company's rates are adjusted by a CGA which, subject to approval by the DTE, permits the Company to change rates to recover its gas costs and certain other costs on a dollar-for-dollar basis. The CGA is also used as the mechanism to reduce charges to firm customers by the margin earned on sales to interruptible customers. In March 1997, the Financial Accounting Standards Board issued SFAS No. 128, Earnings Per Share. SFAS No. 128 establishes standards for computing and presenting earnings per share and applies to entities with publicly held common stock or potential common stock. This statement is effective for interim and annual periods ending after December 15, 1997 and early adoption is not permitted. When adopted, the statement will require restatement of prior years' earnings per share. In addition, the Company believes that the adoption of SFAS No. 128 will not have a material effect on its financial statements. The American Institute of Certified Public Accountants issued a Statement of Position ("SOP") 96-1, Environmental Remediation Liabilities. The SOP's objective is to make the timing of the recognition of environmental obligations more uniform by discussing the estimation process and providing benchmarks to aid in determining when to recognize environmental liabilities. The SOP is effective for the Company in fiscal 1998. The adoption of SOP 96-1 did not have a material effect on the Company's financial statements. Forward Looking Statements The Private Securities Litigation Reform Act of 1995 encourages the use of cautionary statements accompanying forward- looking statements. The preceding Management's Discussion and Analysis of Financial Condition and Results of Operations included forward-looking statements concerning the impact of transportation customers on the Company's profitability; the impact of changes in the cost of gas and of the CGA mechanism on total margin; projected capital expenditures and sources of cash to fund expenditures; and estimated costs of environmental remediation and anticipated regulatory approval of recovery mechanisms. The Company's future results, generally and with respect to such forward-looking statements, may be affected by many factors, among which are uncertainty as to the precise rates for transportation of gas that will be allowed by the regulators 13 and transportation-only customers; uncertainty as to the regulatory allowance of the recovery charges in the cost of gas; uncertain demands for capital expenditures and the availability of cash from various sources; and uncertainty as to the regulatory approval of the full recovery of environmental costs, transition costs, and other regulatory assets. 14 PART II - OTHER INFORMATION Item 1 Legal Proceedings The information called for by this item is unchanged from that filed in the Company's Annual Report on Form 10-K for fiscal year ended August 31, 1997. Item 2 Changes in Securities None. Item 3 Defaults Upon Senior Securities None. Item 4 Submission of Matters to a Vote of Security Holders None. Item 5 Other Information None. Item 6(a) Exhibits 3.1 Restated Articles of Organization of Essex County Gas Company.1 3.2 By-laws of Essex County Gas Company.2 27. Financial Data Schedule. Item 6(b) Reports on Form 8-K None. __________________________________ 1Previously filed as an exhibit to the Company's form 10-Q for the quarter ended February 28, 1995 and is incorporated herein by this reference. 2Previously filed as an exhibit to Registrant's Form 10-Q filed for the quarter ended May 31, 1997 and is incorporated herein by this reference. 15 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. ESSEX COUNTY GAS COMPANY By /S/ Philip H. Reardon Philip H. Reardon President and Chief Executive Officer By /S/ James H. Hastings James H. Hastings Vice President and Treasurer (Principal Financial Officer) Date: January 9, 1998 EX-27 2
UT This schedule contains summary financial information extracted from the balance sheet, statement of income and statement of cash flows contained in Form 10-Q of Essex County Gas Company for the three months ended November 30, 1997 and is qualified in its entirety by reference to such financial statements. 1,000 3-MOS AUG-31-1998 NOV-30-1997 PER-BOOK 80,820 740 12,745 2,925 581 97,812 20,557 0 14,579 35,140 0 0 28,199 6,358 0 0 895 0 532 50 26,638 97,812 9,035 320 7,774 8,094 941 13 954 778 176 0 176 692 638 (585) 0.10 0.10
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