-----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, FMRx+3I9360syLMYzMPZa9HIkDghGvZmSnNs+qKCFlXXWMAtrJ7bac0Tle3xTAmp s3Zp8ysBZnfAxgRT1EiS2w== 0000898733-98-000224.txt : 19980515 0000898733-98-000224.hdr.sgml : 19980515 ACCESSION NUMBER: 0000898733-98-000224 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980331 FILED AS OF DATE: 19980514 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL BACHE CAPITAL RETURN FUTURES FUND 2 L P CENTRAL INDEX KEY: 0000851786 STANDARD INDUSTRIAL CLASSIFICATION: [6221] IRS NUMBER: 133533120 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: SEC FILE NUMBER: 000-18418 FILM NUMBER: 98620031 BUSINESS ADDRESS: STREET 1: ONE NEW YORK PLAZA CITY: NEW YORK STATE: NY ZIP: 10005 BUSINESS PHONE: 2128047866 10-Q 1 P-B CAPITAL RETURN FUTURES FUND 2, L.P. 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 March 31, 1998 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: 0-18418 PRUDENTIAL-BACHE CAPITAL RETURN FUTURES FUND 2, L.P. - -------------------------------------------------------------------------------- (Exact name of Registrant as specified in its charter) Delaware 13-3533120 - -------------------------------------------------------------------------------- (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) One New York Plaza, 13th Floor New York, New York 10292 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (212) 778-7866 N/A - -------------------------------------------------------------------------------- Former name, former address and former fiscal year, if changed since last report. Indicate by check CK 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 CK No __ Part I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS PRUDENTIAL-BACHE CAPITAL RETURN FUTURES FUND 2, L.P. (a limited partnership) STATEMENTS OF FINANCIAL CONDITION (Unaudited)
March 31, December 31, 1998 1997 - ---------------------------------------------------------------------------------------------------- ASSETS Equity in commodity trading accounts: Cash $ 6,552,016 $ 6,552,063 U.S. Treasury bills, at amortized cost 21,941,258 24,241,834 Net unrealized gain on open commodity positions 552,455 1,584,684 ------------- ------------ Total assets $29,045,729 $32,378,581 ------------- ------------ ------------- ------------ LIABILITIES AND PARTNERS' CAPITAL Liabilities Redemptions payable $ 394,412 $ 740,550 Management fees payable 87,151 97,818 Accrued expenses 42,356 55,038 Due to affiliates 36,772 7,663 Incentive fees payable 7,756 226,348 Options, at market 820 3,600 ------------- ------------ Total liabilities 569,267 1,131,017 ------------- ------------ Commitments Partners' capital Limited partners (117,507 and 119,135 units outstanding) 28,191,444 30,934,928 General partner (1,188 and 1,204 units outstanding) 285,018 312,636 ------------- ------------ Total partners' capital 28,476,462 31,247,564 ------------- ------------ Total liabilities and partners' capital $29,045,729 $32,378,581 ------------- ------------ ------------- ------------ Net asset value per limited and general partnership unit ('Units') $ 239.91 $ 259.66 ------------- ------------ ------------- ------------ - ---------------------------------------------------------------------------------------------------- The accompanying notes are an integral part of these statements.
2 PRUDENTIAL-BACHE CAPITAL RETURN FUTURES FUND 2, L.P. (a limited partnership) STATEMENTS OF OPERATIONS (Unaudited)
Three Months Ended March 31, -------------------------- 1998 1997 - --------------------------------------------------------------------------------------------------- REVENUES Net realized gain (loss) on commodity transactions $ (671,692) $1,779,360 Change in net unrealized gain on open commodity positions (1,040,749) (426,019) Interest from U.S. Treasury bills 294,511 292,367 ----------- ---------- (1,417,930) 1,645,708 ----------- ---------- EXPENSES Commissions 643,279 672,527 Management fees 267,075 290,034 Incentive fees 7,756 -- General and administrative 40,650 40,729 ----------- ---------- 958,760 1,003,290 ----------- ---------- Net income (loss) $(2,376,690) $ 642,418 ----------- ---------- ----------- ---------- ALLOCATION OF NET INCOME (LOSS) Limited partners $(2,352,911) $ 635,990 ----------- ---------- ----------- ---------- General partner $ (23,779) $ 6,428 ----------- ---------- ----------- ---------- NET INCOME (LOSS) PER WEIGHTED AVERAGE LIMITED AND GENERAL PARTNERSHIP UNIT Net income (loss) per weighted average limited and general partnership unit $ (19.75) $ 4.83 ----------- ---------- ----------- ---------- Weighted average number of limited and general partnership units outstanding 120,339 133,028 ----------- ---------- ----------- ---------- - ---------------------------------------------------------------------------------------------------
STATEMENT OF CHANGES IN PARTNERS' CAPITAL (Unaudited)
LIMITED GENERAL UNITS PARTNERS PARTNER TOTAL - ----------------------------------------------------------------------------------------------------- Partners' capital--December 31, 1997 120,339 $30,934,928 $ 312,636 $31,247,564 Net loss -- (2,352,911) (23,779) (2,376,690) Redemptions (1,644) (390,573) (3,839) (394,412) -------- ----------- --------- ----------- Partners' capital--March 31, 1998 118,695 $28,191,444 $ 285,018 $28,476,462 -------- ----------- --------- ----------- -------- ----------- --------- ----------- - ----------------------------------------------------------------------------------------------------- The accompanying notes are an integral part of these statements.
3 PRUDENTIAL-BACHE CAPITAL RETURN FUTURES FUND 2, L.P. (a limited partnership) NOTES TO FINANCIAL STATEMENTS MARCH 31, 1998 (Unaudited) A. General These financial statements have been prepared without audit. In the opinion of management, the financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the financial position of Prudential-Bache Capital Return Futures Fund 2, L.P. (the 'Partnership') as of March 31, 1998 and the results of its operations for the three months ended March 31, 1998 and 1997. However, the operating results for the interim periods may not be indicative of the results expected for a full year. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been omitted. It is suggested that these financial statements be read in conjunction with the financial statements and notes thereto included in the Partnership's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 1997. B. Related Parties Prudential Securities Futures Management Inc. (the 'General Partner') and its affiliates perform services for the Partnership which include, but are not limited to: brokerage services, accounting and financial management, registrar, transfer and assignment functions, investor communications, printing and other administrative services. The costs incurred for these services for the three months ended March 31, 1998 and 1997 were:
1998 1997 - ----------------------------------------------------------------------- Commissions $643,279 $672,527 General and administrative 21,280 28,859 -------- -------- $664,559 $701,386 -------- -------- -------- --------
The General Partner is a wholly owned subsidiary of Prudential Securities Incorporated ('PSI'), the Partnership's commodity broker. The Partnership maintains its trading and cash accounts at PSI. Except for the portion of assets that is deposited as margin to maintain forward currency contract positions as further discussed below, the Partnership's assets are maintained either with PSI or, for margin purposes, with the various exchanges on which the Partnership is permitted to trade. The Partnership, acting through its trading managers, executes over-the-counter, spot, forward and/or option foreign exchange transactions with PSI. PSI then engages in back-to-back trading with an affiliate, Prudential-Bache Global Markets Inc. ('PBGM'). PBGM attempts to earn a profit on such transactions. PBGM keeps its prices on foreign currency competitive with other interbank trading desks. All over-the-counter currency transactions are conducted between PSI and the Partnership pursuant to a line of credit. PSI may require that collateral be posted against the marked-to-market position of the Partnership. C. Credit and Market Risk Since the Partnership's business is to trade futures, forward and options contracts, its capital is at risk due to changes in the value of these contracts (market risk) or the inability of counterparties to perform under the terms of the contracts (credit risk). Futures, forward and options contracts involve varying degrees of off-balance sheet risk; and changes in the level of volatility of interest rates, foreign currency exchange rates or the market values of the contracts (or commodities underlying the contracts) frequently result in changes in the Partnership's unrealized gain (loss) on open commodity positions reflected in the statements of financial condition. The Partnership's exposure to market risk is influenced by a number of factors including the relationships among the contracts held by the Partnership as well as the liquidity of the markets in which the contracts are traded. 4 Futures and options contracts are traded on organized exchanges and are thus distinguished from forward contracts which are entered into privately by the parties. The credit risks associated with futures and options contracts are typically perceived to be less than those associated with forward contracts, because exchanges typically provide clearinghouse arrangements in which the collective credit (subject to certain limitations) of the members of the exchanges is pledged to support the financial integrity of the exchange. On the other hand, the Partnership must rely solely on the credit of its broker (PSI) with respect to forward transactions. The Partnership presents unrealized gains and losses on open forward positions as a net amount in the statements of financial condition because it has a master netting agreement with PSI. The General Partner attempts to minimize both credit and market risks by requiring the Partnership's trading managers to abide by various trading limitations and policies. The General Partner monitors compliance with these trading limitations and policies which include, but are not limited to, executing and clearing all trades with creditworthy counterparties (currently, PSI is the sole counterparty or broker); limiting the amount of margin or premium required for any one commodity or all commodities combined; and generally limiting transactions to contracts which are traded in sufficient volume to permit the taking and liquidating of positions. The General Partner may impose additional restrictions (through modifications of such trading limitations and policies) upon the trading activities of the trading managers as it, in good faith, deems to be in the best interest of the Partnership. PSI, when acting as the Partnership's futures commission merchant in accepting orders for the purchase or sale of domestic futures and options contracts, is required by Commodity Futures Trading Commission ('CFTC') regulations to separately account for and segregate as belonging to the Partnership all assets of the Partnership relating to domestic futures and options trading and is not to commingle such assets with other assets of PSI. At March 31, 1998 and December 31, 1997, such segregated assets totalled $21,818,474 and $22,947,166, respectively. Part 30.7 of the CFTC regulations also requires PSI to secure assets of the Partnership related to foreign futures and options trading which totalled $6,850,380 and $9,499,572 at March 31, 1998 and December 31, 1997, respectively. There are no segregation requirements for assets related to forward trading. As of March 31, 1998, the Partnership's open futures, forward and options contracts mature within one year. At March 31, 1998 and December 31, 1997, gross contract amounts of open futures, forward and options contracts are:
1998 1997 ------------ ------------ Currency Forward Contracts: Commitments to purchase $ 14,827,468 $ 318,066 Commitments to sell 30,560,045 24,765,572 Currency Futures and Options Contracts: Commitments to purchase 7,930,240 1,232,952 Commitments to sell 10,387,302 4,626,480 Financial Futures and Options Contracts: Commitments to purchase 152,510,998 183,537,088 Commitments to sell 448,612,564 126,817,265 Other Futures and Options Contracts: Commitments to purchase 1,525,453 2,876,350 Commitments to sell 695,394 14,809,027
The gross contract amounts represent the Partnership's potential involvement in a particular class of financial instrument (if it were to take or make delivery on an underlying futures, forward or options contract). The gross contract amounts significantly exceed the future cash requirements as the Partnership intends to close out open positions prior to settlement and thus is generally subject only to the risk of loss arising from the change in the value of the contracts. As such, the Partnership considers the 'fair value' of its futures, forward and options contracts to be the net unrealized gain or loss on the contracts (plus premiums on options). Thus, the amount at risk associated with counterparty nonperformance of all contracts is the net unrealized gain included in the statements of financial condition. The market risk associated with the 5 Partnership's commitments to purchase commodities is limited to the gross contract amounts involved, while the market risk associated with its commitments to sell is unlimited since the Partnership's potential involvement is to make delivery of an underlying commodity at the contract price; therefore, it must repurchase the contract at prevailing market prices. At March 31, 1998 and December 31, 1997, the fair value of open futures, forward and options contracts was:
1998 1997 ------------------------ -------------------------- Assets Liabilities Assets Liabilities -------- ----------- ---------- ----------- Futures Contracts: Domestic exchanges Financial $ 23,388 $ (119,031) $ 178,094 $ (4,700) Currencies 225,024 (360) 41,016 (6,677) Other 23,114 (16,746) 1,020,252 (1,810) Foreign exchanges Financial 209,960 (141,602) 493,686 (229,030) Other 30,710 (58,057) 170,110 (4,500) Forward Contracts: Currencies 423,322 (47,267) 374,665 (446,422) Options Contracts: Domestic exchanges Financial -- -- -- (3,600) Currencies -- (750) -- -- Other -- (70) -- -- -------- ----------- ---------- ----------- $935,518 $ (383,883) $2,277,823 $ (696,739) -------- ----------- ---------- ----------- -------- ----------- ---------- -----------
The following table presents the average fair value of futures, forward and options contracts during the three months ended March 31, 1998 and 1997, respectively.
1998 1997 -------------------------- -------------------------- Assets Liabilities Assets Liabilities ---------- ----------- ---------- ----------- Futures Contracts: Domestic exchanges Financial $ 237,913 $ (31,152) $ 86,694 $ (27,373) Currencies 72,917 (24,244) 439,976 (38,977) Other 355,669 (25,894) 291,449 (8,320) Foreign exchanges Financial 749,190 (167,372) 324,073 (86,444) Other 118,828 (45,370) 6,886 (5,394) Forward Contracts: Currencies 199,497 (549,340) 796,321 (450,203) Options Contracts: Domestic exchanges Financial -- (1,022) -- (12,513) Currencies -- (5,463) -- (91,738) Other -- (18) 18,352 (7,089) Foreign exchanges Financial -- -- 5,523 (5,620) ---------- ----------- ---------- ----------- $1,734,014 $ (849,875) $1,969,274 $ (733,671) ---------- ----------- ---------- ----------- ---------- ----------- ---------- -----------
6 The following table presents the trading revenues from futures, forward and options contracts during the three months ended March 31, 1998 and 1997, respectively.
1998 1997 ----------- ---------- Futures Contracts: Domestic exchanges Financial $ (131,368) $ (87,400) Currencies (19,218) 453,846 Other (854,250) 144,707 Foreign exchanges Financial (263,933) 108,092 Other 13,668 11,317 Forward Contracts: Currencies (476,758) 610,788 Options Contracts: Domestic exchanges Financial 15,938 (19,246) Currencies 3,050 34,086 Other 430 70,339 Foreign exchanges Financial -- 26,812 ----------- ---------- $(1,712,441) $1,353,341 ----------- ---------- ----------- ----------
7 PRUDENTIAL-BACHE CAPITAL RETURN FUTURES FUND 2, L.P. (a limited partnership) ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Liquidity and Capital Resources The Partnership commenced trading operations on October 6, 1989 with gross proceeds of $101,010,000. After accounting for organizational and offering costs, the Partnership's net proceeds were $99,010,000. At March 31, 1998, 100% of the Partnership's total net assets (the 'Net Asset Value') was allocated to commodities trading. A significant portion of the Net Asset Value was held in U.S. Treasury bills (which represented approximately 76% of the Net Asset Value prior to redemptions payable) and cash, which are used as margin for the Partnership's trading in commodities. Inasmuch as the sole business of the Partnership is to trade in commodities, the Partnership continues to own such liquid assets to be used as margin. The percentage that U.S. Treasury bills bears to the total net assets varies each day, and from month to month, as the market values of commodity interests change. The balance of the total net assets is held in cash. All interest earned on the Partnership's interest-bearing funds is paid to the Partnership. The commodities contracts are subject to periods of illiquidity because of market conditions, regulatory considerations and other reasons. For example, commodity exchanges limit fluctuations in certain commodity futures contract prices during a single day by regulations referred to as 'daily limits.' During a single day, no trades may be executed at prices beyond the daily limit. Once the price of a futures contract for a particular commodity has increased or decreased by an amount equal to the daily limit, positions in the commodity can neither be taken nor liquidated unless traders are willing to effect trades at or within the limit. Commodity futures prices have occasionally moved the daily limit for several consecutive days with little or no trading. Such market conditions could prevent the Partnership from promptly liquidating its commodity futures positions. Since the Partnership's business is to trade futures, forward and options contracts, its capital is at risk due to changes in the value of these contracts (market risk) or the inability of counterparties to perform under the terms of the contracts (credit risk). The general partner attempts to minimize these risks by requiring the Partnership's trading managers to abide by various trading limitations and policies. See Note C to the financial statements for a further discussion on the credit and market risks associated with the Partnership's futures, forward and options contracts. Redemptions by limited partners and the general partner recorded for the three months ended March 31, 1998 were $390,573 and $3,839, respectively, and from commencement of operations, October 6, 1989, through March 31, 1998, totalled $118,707,761 and $1,744,869, respectively. Future redemptions will impact the amount of funds available for investment in commodity contracts in subsequent periods. The Partnership does not have, nor does it expect to have, any capital assets. Results of Operations The net asset value per Unit as of March 31, 1998 was $239.91, a decrease of 7.61% from the December 31, 1997 net asset value per Unit of $259.66. January's negative performance resulted from losses in the currency, index, metal, meat and grain sectors, which were partially offset by gains in the financial, energy and soft sectors. In the currency sector, investor optimism over efforts to revive ailing Asian economies boosted the Japanese yen against the U.S. dollar, resulting in losses for the Partnership. Positions in the Australian dollar also experienced losses. Positions in the British pound were unprofitable as well, as the pound sank lower against other major currencies on the Bank of England's decision to leave a key interest rate unchanged. Index sector positions were unprofitable as Asian investor optimism supported the Nikkei causing losses for the Partnership's short positions. Metal sector positions incurred losses as the gold market experienced a reversal. Positions in both zinc and lead lost value as well. On the positive side, the Partnership's financial sector positions gained as European bond markets benefited from reduced inflation concerns. In particular, German, French, British, Eurodollar and Italian bonds profited. Additionally, positions in U.S. Treasuries profited as some yields reached all-time lows. Positions in the energy sector profited as increasing tensions in the Middle East 8 pushed prices up, despite ample inventory levels. Lastly, in the soft sector, the Partnership recognized gains from cotton positions. February's negative performance resulted from losses in the financial, currency, energy and grain sectors, which were partially offset by gains in the metal, index, meat and soft sectors. In the financial sector, profitable trading in European bonds failed to offset losses in long- and short-term U.S. interest rate positions. Positions in the Eurodollar, Japanese, British and Australian bonds were unprofitable as well. Currency sector losses were driven, in part, by shifting trends in the Asian markets and generally rangebound trading in other currencies. Although by month's end investors were again viewing Asian markets with caution, sentiment toward the region had been relatively positive for much of the month. This was particularly the case in Japan, where the yen benefited from expectations of a stimulus package from the government resulting in losses for the Partnership's short positions. Swiss franc/deutsche mark and Japanese yen/deutsche mark crossrate positions were unprofitable as well. Long silver positions in the metal sector profited the Partnership. This was due, in part, to heavy buying by a major investor which drove prices higher. Positions in aluminum and copper generated profits as well. March's negative performance resulted from losses in the metal, financial, soft, grain and meat sectors, which were partially offset by gains in the currency, index and energy sectors. In the metal sector, the Partnership incurred losses in short gold positions as a strong housing report renewed fears of U.S. inflation, generating interest in gold as a inflationary hedge. Silver positions also lost value as prices fell in the beginning of the month, only to rebound towards month end. The financial sector was unprofitable for the Partnership, which held losing positions in the U.S. long bond, Australian 10-year, Japanese, British three month and Euromark bonds. Gains in the currency sector helped to offset overall Partnership losses during March. A late-month surge in the U.S. dollar combined with continued weakness in the Swiss franc and Japanese yen resulted in solid foreign exchange profits. Crossrate positions which recognized gains included the Japanese yen/British pound and Swiss franc/British pound. Index sector gains were derived from long positions in the German DAX and S&P 500. Light crude oil and natural gas positions in the energy sector advanced as well. Commissions are calculated on the Net Asset Value on the first day of each month and, therefore, vary based on monthly trading performance and redemptions. Commissions decreased by approximately $29,000 for the three months ended March 31, 1998 as compared to the same period in 1997 principally due to the effect of weak first quarter 1998 trading performance on the monthly Net Asset Values. All trading decisions are currently being made by John W. Henry & Company, Inc., Welton Investment System Corp. and Eclipse Capital Management (the 'Trading Managers'). Management fees are calculated on the Net Asset Value allocated to each Trading Manager as of the end of each month and, therefore, are affected by trading performance and redemptions. Management fees decreased by approximately $23,000 for the three months ended March 31, 1998 as compared to the same period in 1997 primarily due to fluctuations in monthly Net Asset Values as described above. Incentive fees are based on the New High Net Trading Profits generated by each Trading Manager, as defined in each Advisory Agreement among the Partnership, the General Partner and each Trading Manager. Despite overall Partnership trading losses during the three months ended March 31, 1998, Welton Investment System Corp. generated sufficient trading profits to earn incentive fees of approximately $8,000. No incentive fees were generated by the Trading Managers during the three months ended March 31, 1997. 9 PART II. OTHER INFORMATION Item 1. Legal Proceedings--There are no material legal proceedings pending by or against the Registrant or the General Partner. 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. Exhibits and Reports on Form 8-K: (a) Exhibits 4.1 Agreement of Limited Partnership of the Registrant, dated as of June 8, 1989 as amended and restated as of July 21, 1989 (incorporated by reference to Exhibits 3.1 and 4.1 to the Registrant's Annual Report on Form 10-K for the period ended December 31, 1989) 4.2 Subscription Agreement (incorporated by reference to Exhibit 4.2 to the Registrant's Registration Statement on Form S-1, File No. 33-29039) 4.3 Request for Redemption (incorporated by reference to Exhibit 4.3 to the Registrant's Registration Statement on Form S-1, File No. 33-29039) 27 Financial Data Schedule (filed herewith) (b) Reports on Form 8-K-- No reports on Form 8-K were filed during the quarter. 10 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 hereunto duly authorized. Prudential-Bache Capital Return Futures Fund 2, L.P. By: Prudential Securities Futures Management Inc. A Delaware corporation, General Partner By: /s/ Steven Carlino Date: May 14, 1998 ---------------------------------------- Steven Carlino Vice President Chief Accounting Officer for the Registrant 11 EX-27 2 ART. 5 FDS FOR 1ST QUARTER 10-Q
5 The Schedule contains summary financial information extracted from the financial statements for P-B Capital Return Futures Fund 2, L.P. and is qualified in its entirety by reference to such financial statements 0000851786 P-B Capital Return Futures Fund 2, L.P. 1 Dec-31-1998 Jan-1-1998 Mar-31-1998 3-Mos 6,552,016 22,493,713 0 0 0 0 0 0 29,045,729 569,267 0 0 0 0 28,476,462 29,045,729 0 (1,417,930) 0 0 958,760 0 0 0 0 0 0 0 0 (2,376,690) (19.75) 0
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