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ASIAN PAINTS

INCOME STATEMENT (in INR mn) 2007

INCOMESales and operating income (Net of discs) 41,335.27Less: Excise duty 4,635.54

TOTAL SALES 36,699.73

EXPENDITUREMaterial Cost 21,993.95Employee Cost 2,620.84SG&A costs 7,304.15

EBITDA 4,780.79

Less : Interest 189.11

Less : Depreciation/Amortisation 611.41Add: Other Income 372.51

EBT 4,352.78

Add/(Less) : Exceptional Item (77.56)PROFIT BEFORE TAX AND PRIOR PERIOD ITEMS 4,275.22

(Less) : Prior period items (Net) 26.48PROFIT BEFORE TAX 4,301.70

Less: Provision for Taxation:Current Tax 1,483.23Deferred Tax (Refer Note B - 8 in Schedule M) (28.83)Fringe Benefit Tax 48.14(Excess) Tax Provision for earlier years (35.76)

PROFIT AFTER TAX 2,834.92

Less: Minority Interest 20.60NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS 2,814.32

Add : Balance brought forward from previous year 1,100.00AMOUNT AVAILABLE FOR APPROPRIATION 3,914.32

APPROPRIATIONSDividend to shareholders of parent company:Equity Shares - Interim dividend 1,151.0 Proposed Final dividend 95.9 Tax on Dividend (includes tax on proposed div) 180.6 Transfer to General Reserve 982.8 Balance carried to Balance Sheet 1,500.0

3910.30Per share data

EPS (Rs.) Basic and Diluted - before exc item 29.30 EPS (Rs.) Basic and Diluted - after exc item 29.30 DPS (Rs) 13.00

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No of shares - eop 95.92

Key FiguresGross Profit 14,705.78EBITDA 4,780.79

Operating Profit (EBIT) 4,541.89PBT 4,352.78Net Income 2,834.92

MarginsGross Profit 40%EBITDA 13%Operating Profit (EBIT) 12%PBT 12%Net Income 8%

Purchases

AssumptionsSales (Growth - YoY)Material Cost (as a % of Sales) 60%OverheadsEmployee Cost (as a % of sales) 7%SG&A costs (as a % of sales) 20%

Other income (Growth - YoY)

Other income (as a % of sales) 1%Effective Tax Rate (tax /EBT) 34%Dividend Payout Ratio 44%Divident Tax Rate 14%Minority Interest as % of PAT 1%

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10

2008 2009 2010 2011 2012 2013 2014 2015 2016

49385.6 60438.4 71065.6 83614.75313.3 5806.1 4256.2 6552.3

44072.30 54632.30 66809.40 77062.40 92474.88 110969.86 133163.83 159796.59 191755.91

25776.4 33706.4 37579.6 44745.6 51785.93 62143.12 74571.74 89486.09 107383.313066.6 3715.2 4362.8 4539.9 6010.87 7213.04 8655.65 10386.78 12464.138623.5 10516.7 12593 14647.2 18032.60 21639.12 25966.95 31160.34 37392.40

6605.80 6694.00 12274.00 13129.70 16645.48 19974.57 23969.49 28763.39 34516.06

211.6 263.2 284.7 222.3 222.97 222.97 222.97 222.97 222.97

591.7 743.8 835.6 1131.3 1387.12 1664.55 1997.46 2396.95 2876.34596 516.8 1405 826.3 1941.97 2330.37 2796.44 3355.73 4026.87

6398.50 6203.80 12558.70 12602.40 16977.36 20417.43 24545.51 29499.20 35443.63

-68.4 -12.4 11.5 06330.10 6191.40 12570.20 12602.40 16977.36 20417.43 24545.51 29499.20 35443.63

-15.9 -22.7 0 06314.20 6168.70 12570.20 12602.40 16977.36 20417.43 24545.51 29499.20 35443.63

5093.21 6125.23 7363.65 8849.76 10633.091847.9 1793.4 3731.8 3555

105.6 163.2 55.4 281.564.3 73.6 0 015.9 -56.3 -56.1 -47.6

4280.50 4194.80 8839.10 8813.50 11884.15 14292.20 17181.85 20649.44 24810.54

188.7 216.4 482.7 381.1 594.21 714.61 859.09 1032.47 1240.534091.80 3978.40 8356.40 8432.40 11289.95 13577.59 16322.76 19616.97 23570.02

1500 2000 2300 60005591.80 5978.40 10656.40 14432.40 11289.95 13577.59 16322.76 19616.97 23570.02

623.4 623.5 815.3 815.3 1,007.1 1,055.1 1,774.5 2,254.1 3386.9839 4073.2769 4896.8286 5885.0906 7071.0051

277.2 288.8 433.3 501.1 575.78726 692.45708 832.46087 1000.4654 1202.07091,684.1 1,711.0 1,633.3 4,861.9 2,000.0 2,300.0 6,000.0 6,000.0

5591.80 5978.40 10656.40 14432.40 7327.18 8811.86 10593.47 12731.41 15296.94

43.37 41.61 87.00 87.91 117.70 141.55 170.17 204.51 245.73 42.66 41.48 87.12 87.91 17.00 17.50 27.00 32.00 35.31 42.47 51.05 61.35 73.72

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95.92 95.92 95.92 95.92 95.92 95.92 95.92 95.92 95.92

18,295.90 20,925.90 29,229.80 32,316.80 40,688.95 48,826.74 58,592.08 70,310.50 84,372.606,605.80 6,694.00 12,274.00 13,129.70 16,645.48 19,974.57 23,969.49 28,763.39 34,516.06

6,610.10 6,467.00 12,843.40 12,824.70 17,200.33 20,640.39 24,768.47 29,722.17 35,666.606,398.50 6,203.80 12,558.70 12,602.40 16,977.36 20,417.43 24,545.51 29,499.20 35,443.634,280.50 4,194.80 8,839.10 8,813.50 11,884.15 14,292.20 17,181.85 20,649.44 24,810.54

42% 38% 44% 42% 44% 44% 44% 44% 44%15% 12% 18% 17% 18% 18% 18% 18% 18%15% 12% 19% 17% 19% 19% 19% 19% 19%15% 11% 19% 16% 18% 18% 18% 18% 18%10% 8% 13% 11% 13% 13% 13% 13% 13%

26,936.44 34,255.80 39,448.90 48,241.10 50,507.61 64,498.32 77,397.98 92,877.57 111,453.09

20.09% 23.96% 22.29% 15.35% 20% 20% 20% 20% 20%58% 62% 56% 58% 56% 56% 56% 56% 56%

7% 7% 7% 6% 7% 7% 7% 7% 7%20% 19% 19% 19% 20% 20% 20% 20% 20%

0.60 (0.13) 1.72 (0.41)

1% 1% 2% 1% 2% 2% 2% 2% 2%32% 32% 30% 30% 30% 30% 30% 30% 30%38% 40% 29% 35% 30% 30% 30% 30% 30%17% 17% 17% 16% 17% 17% 17% 17% 17%

4% 5% 5% 4% 5% 5% 5% 5% 5%

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ASIAN PAINTS

BALANCE SHEET (in INR m) 2007 2008 2009 2010FUNDS EMPLOYED

Shareholders' Funds

Share Capital 959.2 959.2 959.2 959.2Reserves and Surplus 6,818.72 8864.5 11072.5 16140.6Shareholders' equity 7777.92 9823.7 12031.7 17099.8

Loan FundsSecured Loans 1,201.05 1211.2 1253.5 637Unsecured Loans 1,860.71 1540.9 1832.7 1655.3Loans 3,061.76 2,752.10 3,086.20 2,292.30

Deferred Tax Liability (Net) 267.86 390.8 533.1 562.3Minority Interest 600.75 573.7 755.7 944.5

Total 11,708.29 13,540.30 16,406.70 20,898.90

APPLICATION OF FUNDSGoodwill on consolidation 468.62 443.5 505.5 367.3Fixed AssetsGross Block 10,831.48 12112.2 14614.1 15003.9Less: Depreciation/Amortisation 6,037.67 6336.6 6483.8 6275.7Net Block 4,793.81 5,775.60 8,130.30 8,728.20

Add : Capital Work in Progress 137.84 1141.8 921.1 4072.3Net Fixed Assets 4,931.65 6,917.40 9,051.40 12,800.50Investments 1,927.17 2766.5 784 6241.1Total Long Term Assets 7,327.44 10,127.40 10,340.90 19,408.90

Current Assets, Loans and AdvancesCash and Bank Balances 1,053.93 1107.1 2103.7 1058.3Interest accrued on investments 0.26 0.9 5.5 2.1Inventories 5,980.06 7140.1 7689.5 9558.8

Current As Sundry debtors (receivables) 4,206.12 4603.3 5719.2 5425.2Other Current Assets 693.59 559.6 491.2 646.3

Current As Loans and Advances 979.34 1525.2 1978 1746.2Total Current Assets 12,913.30 14,936.20 17,987.10 18,436.90

Current Liabilities and ProvisionsCurrent Liabilities 7,870.38 9859.3 10111.4 13796.5

Provisions 662.07 1664 1809.9 3150.4Total Current Liabilities 8,532.45 11,523.30 11,921.30 16,946.90

Net Current Assets 4,380.85 3,412.90 6,065.80 1,490.00Total Total 11,708.29 13,540.30 16,406.70 20,898.90

check (moment of truth!) ( A = L + E) True True True True

Schedule G

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Current Liabilities 7870.38 9859.30 10111.40 13796.501 Acceptances 1729.27 2183.20 1795.40 2987.702 Sundry Creditors 4485.35 5719.60 5541.50 7183.20

Trade (payables) 3692.78 4539.40 4416.40 5993.80Others 792.57 1180.20 1125.10 1189.40

3 Investor Education etc 62.89 31.70 29.10 34.50

4 Other Liabilities 1592.87 1924.80 2745.40 3591.10

Assumptions:

Fixed AssetsB Net Fixed Assets - OpeningA Add: CapexA Add: Acquisitions / (Disposals)/WIP addnsS Less: DepreciationE Net Fixed Assets - Ending

Capex (as a % of sales) 2.23% 6.99% 5.68% 5.92%Depreciation (as a % of sales) 1.67% 1.34% 1.36% 1.25%

DebtAverage Debt 2906.93 2919.15 2689.25Interest paid 211.6 263.2 284.7Interest cost % 7.28% 9.02% 10.59%

Cash and Bank BalancesInterest earned

Interest rate %

Ratio Analysis

Solvency RatiosCurrent ratio 1.51 1.30 1.51 1.09Quick ratio 0.70 0.54 0.70 0.42Cash ratio 0.12 0.10 0.18 0.06Turnover RatiosReceivables turnover 10.01 10.59 11.99Inventory turnover 3.93 4.55 4.36Payables turnover 6.54 7.65 7.58Average receivables collection period 36.48 34.48 30.44Average inventory processing period 92.89 80.29 83.76Average payment period 55.77 47.71 48.16Cash Conversion Cycle 73.60 67.06 66.05

Other Receivables

Other Current Assets as % of Sales 1.89% 1.27% 0.90% 0.97%

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Loans and Advances as % of Sales 2.67% 3.46% 3.62% 2.61%

Other PayablesAcceptances as % of COGS 7.86% 8.47% 5.33% 7.95%Others Creditors as % of COGS 3.60% 4.58% 3.34% 3.17%Investor Education etc as % of COGS 0.29% 0.12% 0.09% 0.09%

Other Liabilities as % of COGS 7.24% 7.47% 8.15% 9.56%

Operating EfficiencyTotal asset turnoverNet fixed asset turnoverEquity turnover

Operating ProfitabilityGross Profit Margin 0.40 0.42 0.38 0.44Operating Profit Margin 0.12 0.15 0.12 0.19Net Profit Margin 0.08 0.10 0.08 0.13

Return on total capital 0.42 0.53 0.43 0.66Return on total equity 0.36 0.44 0.35 0.52

ROE DuPont AnalysisProfit MarginAsset TurnoverFinancial Leverage

ROE

Financial Risk RatiosDebt to equity ratioDebt ratioInterest coverage ratio

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10

2011 2012 2013 2014 2015 2016

959.2 959.2 959.2 959.2 959.2 959.220915 28242.1751 37054.03 47647.5 60378.91617 75675.85716

21874.2 29201.3751 38013.23 48606.7 61338.11617 76635.05716

499.7 499.7 499.7 499.7 499.7 499.71847.3 1847.3 1847.3 1847.3 1847.3 1847.3

2,347.00 2,347.00 2,347.00 2,347.00 2,347.00 2,347.00

851.8 851.8 851.8 851.8 851.8 851.81098.9 1693.10769 2407.718 3266.81 4299.282465 5539.809671

26,171.90 34,093.28 43,619.75 55,072.31 68,836.20 85,373.67

371.9 371.9 371.9 371.9 371.9 371.9

19877.57150.7

12,726.80

433.213,160.00 13,622.37 14,177.22 14,843.04 15,642.03 16,600.81

9219.5 9219.5 9219.5 9219.5 9219.5 9219.522,751.40 23,213.77 23,768.62 24,434.44 25,233.43 26,192.21

1330.4 15162.03 27252.84 41782.61 59239.15 80207.812 2 2 2 2 2

13054.3 11775.9792 14131.18 16957.41 20348.89213 24418.670555855.3 7600.67507 9120.81 10944.97 13133.96652 15760.75982

893.1 1544.33 1853.20 2223.84 2668.60 3202.322054.4 2469.08 2962.90 3555.47 4266.57 5119.88

23,189.50 36,085.01 55,322.91 75,466.31 99,659.18 128,711.44

16403.7 12667.7918 15201.35 18241.62 21889.9442 26267.93304

3365.3 3962.77111 4765.734 5729.289 6885.556055 8273.07594219,769.00 16,630.56 19,967.08 23,970.91 28,775.50 34,541.01

3,420.50 19,454.45 35,355.83 51,495.40 70,883.68 94,170.4426,171.90 42,668.22 59,124.45 75,929.84 96,117.11 120,362.64

True False False False False False

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16403.70 16618.33 19739.54 22897.60 26635.55 31064.413152.70 3625.02 4350.02 5220.02 6264.03 7516.838913.80 8243.68 10187.86 11980.51 14131.48 16712.457686.10 7014.95 8958.10 10749.72 12899.66 15479.601227.70 1228.73 1229.76 1230.79 1231.82 1232.85

41.40 41.44 41.47 41.51 41.55 41.59

4295.80 4708.20 5160.18 5655.56 6198.50 6793.55

13,160.00 13,622.37 14,177.22 14,843.04 15,642.031849.4976 2219.397 2663.277 3195.931853 3835.118223

1387.1232 1664.548 1997.457 2396.94889 2876.33866813,160.00 13,622.37 14,177.22 14,843.04 15,642.03 16,600.81

2.03% 2% 2% 2% 2% 2%1.47% 1.50% 1.50% 1.50% 1.50% 1.50%

2319.65 2347 2347 2347 2347 2347222.3 222.965 222.965 222.965 222.965 222.9659.58% 9.50% 9.50% 9.50% 9.50% 9.50%

1.170.410.07

13.663.967.05

26.71 30 30 30 30 3092.23 83 83 83 83 8351.75 50 50 50 50 5067.19 63 63 63 63 63

1.16% 1.67% 1.67% 1.67% 1.67% 1.67%

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2.67% 2.67% 2.67% 2.67% 2.67% 2.67%

7.05% 7.00% 7.00% 7.00% 7.00% 7.00%2.74% 3.00% 3.00% 3.00% 3.00% 3.00%0.09% 0.09% 0.09% 0.09% 0.09% 0.09%

9.60% 9.60% 9.60% 9.60% 9.60% 9.60%

0.42 0.440.17 0.190.11 0.13

0.53 0.550.40 0.41

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ASIAN PAINTS10.00

CASH FLOW STATEMENT (in INR mn) 2007Cash Flow from Operating Activities:

Profit before tax and prior period items 4271.20

Adjustment for:Depreciation/Impairment 611.41Impairment of GoodwillPrior period item (Net) 26.48Profit on sale of investments (3.90)Profit on disposal of subsidiaries 6.85Profit on Sale of Fixed AssetsLoss on disposal of Associate Company 70.71Share of (profi t)/loss of associate 4.02Fair value adjustment on receivable from disposal of subsidiary 2.75Gain on disposal of assets (14.67)Interest Expense 189.11Interest Income (14.31)Dividend Income (115.28)Effect of exchange rates on op cashflowsOperating Profit before Working Capital changes 5034.37

Adjustment for:Changes in working capital (869.90)

Asset Trade Receivables (sundry debtors) (1111.80)Asset Other Receivables (loans & advances) -

Asset Inventories (1044.80)Liabilitiy Trade and other payables (current liablilities) 1286.70Assets Changes in other current assets -

Cash generated from Operations 4164.47Income tax paid (net of refund) (1585.00)OthersNet cash generated from operating activities 2579.47

Cash Flow from Investing Activities:Purchase of Fixed Assets / Capex (819.5) Proceeds from sale of Fixed Assets 133.68Purchase of Investment (395.58)Sale of Investment 53.99

investments Interest received 14.05Dividend received 115.28Cash outfl ow on acquisitions made by joint venture. (269.38)Cash outflow on additional stake in subsidiaryCash infl ow/(outfl ow) on disposal of associate company 67.32Cash inflow arising on disposal of subsidiary 5.51Net cash used in investing activities (1094.63)

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Cash Flow from Financing Activitiesdebt Proceeds from long term borrowingsdebt Proceeds from short term borrowings 736.84debt Repayment of long term borrowings (280.53)debt Repayment of short term borrowings

Interest Paid (189.11)

Dividend and Dividend tax paid and Provisions (1,374.9) Net cash used in financing activities (1107.70)Net Inc/(Dec) in Cash and Cash Equivalents 377.14

Cash and Cash Equivalents - bop 734.08Net effect of changes in exchange rate (57.00)

Cash and Cash Equivalents - eop 1054.22

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2008 2009 2010 2011 2012 2013 2014 2015 2016

6330.10 6191.40 12570.20 12602.40 16977.36 20417.43 24545.51 29499.20 35443.63

591.70 743.80 835.60 1131.30 1387.12 1664.55 1997.46 2396.95 2876.340.00 12.40 0.00 0.00

(15.90) (22.70) 0.00 0.00(16.00) (1.30) (627.20) (4.50)68.40 0.00 (11.50) 0.00

0.00 0.00 (78.80) (27.10)0.00 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00 0.00 0.00

(37.80) (65.40) 0.00 0.00211.60 263.20 284.70 222.30 222.97 222.97 222.97 222.97 222.97(44.70) (56.90) (110.60) (104.80)

(245.40) (140.80) (226.20) (354.70)(177.70) 320.60 (172.90) (161.00)6664.30 7244.30 12463.30 13303.90 18587.45 22304.94 26765.93 32119.12 38542.94

39.90 (1431.10) 1337.70 (1767.00) 590.25 2316.23 2779.48 3335.37 4002.44(888.50) (922.20) (508.80) (819.40) 1745.38 1520.14 1824.16 2188.99 2626.79

- - - - 651.23 308.87 370.64 444.77 533.72

(1194.30) (549.40) (1913.50) (3495.50) 1278.32 (2355.20) (2826.24) (3391.48) (4069.78)2122.70 40.50 3760.00 2547.90 (3735.91) 2533.56 3040.27 3648.32 4377.99

- - - - 651.23 308.87 370.64 444.77 533.726704.20 5813.20 13801.00 11536.90 19177.70 24621.17 29545.40 35454.49 42545.38

(1906.00) (1919.20) (3169.40) (3924.20) (5093.21) (6125.23) (7363.65) (8849.76) (10633.09)

4798.20 3894.00 10631.60 7612.70 14084.49 18495.94 22181.75 26604.73 31912.29

(3,080.5) (3,100.5) (3,953.1) (1,561.0) (1849.50) (2219.40) (2663.28) (3195.93) (3835.12)262.40 217.50 120.60 57.90

(1981.50) 0.00 (543.60) (3109.90)1158.30 1983.80 986.60 4.50

44.70 52.30 114.00 104.90245.40 140.80 226.20 354.70

0.00 0.00 0.00 0.00(3.60) (12.70) 0.00 0.000.00 0.00 0.00 0.006.90 0.00 59.10 0.00

(3347.90) (718.80) (2990.20) (4148.90) (1849.50) (2219.40) (2663.28) (3195.93) (3835.12)

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224.30 0.00 0.00 0.000.00 0.00 (529.70) 119.300.00 (25.60) (145.50) (63.80)

(380.80) (15.60) 0.00 0.00(211.60) (263.20) (284.70) (222.30) (222.97) (222.97) (222.97) (222.97) (222.97)

(968.20) (1999.30) (2358.90) (3168.30) (3365.30) (3962.77) (4765.73) (5729.29) (6885.56)(1336.30) (2303.70) (3318.80) (3335.10) (3588.27) (4185.74) (4988.70) (5952.25) (7108.52)114.00 871.50 4322.60 128.70 8646.73 12090.81 14529.78 17456.54 20968.65

1053.90 1107.10 2103.70 6374.70 6515.30 15162.03 27252.84 41782.61 59239.15(60.80) 125.10 (51.60) 11.90

1107.10 2103.70 6374.70 6515.30 15162.03 27252.84 41782.61 59239.15 80207.81

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RESULTS FOR THE FINANCIAL YEAR 2001 2002 2003Revenue AccountGross Sales 1,470 1,599 1,807 Net Sales and Operating Income 1,233 1,371 1,535

Growth Rates (%) 13.18% 11.20% 11.93%Materials Cost 661 728 807

% to Net Sales 53.61% 53.04% 52.58%Overheads 370 418 459

% to Net sales 0.2999 0.3046 0.2989Operating Profit 212 241 282 Interest Charges 22 15 8 Depreciation 34 45 49 Profit Before Tax and Exceptional items 156 181 225

% to Net Sales 0.1264 0.1323 0.1465Growth Rates (%) 9 16 24

Exceptional items - - -Profit Before Tax and after Exceptional items 156 181 225

% to Net Sales 0.1264 0.1323 0.1465Profit After Tax 106 114 142

Return on average net worth (RONW) (%) 27 28 32 Capital AccountShare Capital 64.2 64.2 64.2 Reserves and Surplus 347 346 412 Deferred Tax Liability (Net) - 61 58 Loan Funds 227 111 104

Fixed Assets 381 390 366 Investments 44 63 148 Net Current Assets 214 130 124 Debt-Equity Ratio 0.55 0.27 0.22Market Capitalisation 1,580 2,106 2,119 Per Share DataEarnings Per Share (EPS) (Rs.) 11.00 11.90 14.80

Dividend (%) 70.00 90.00 110.00 Book Value (Rs.) 411.20 410.60 476.60 Other InformationNumber of Employees 3,197 3,188 3,327

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100 102004 2005 2006 2007 2008 2009 2010 2011

2,026 2,339 2,777 4133.527 4938.56 6043.84 7106.56 8361.471,696 1,955 2,319 3669.973 4407.23 5463.23 6680.94 7706.24

10.49% 15.24% 18.65% 58.24% 20.09% 23.96% 22.29% 15.35%944 1,128 1,352 2199.395 2577.64 3370.64 3757.96 4474.56

55.63% 57.73% 58.29% 59.93% 58.49% 61.70% 56.25% 58.06%483 532 616 992.499 1169.01 1423.19 1695.58 1918.71

0.2847 0.2724 0.2654 27.04% 26.52% 26.05% 25.38% 24.90%291 325 388 416.938 601.41 595.02 1143.84 1199.84

5 3 4 18.911 21.16 26.32 28.47 22.2348 48 46 61.141 59.17 74.38 83.56 113.13

238 275 339 336.886 521.08 494.32 1031.81 1064.480.1402 0.1407 0.146 9.18% 11.82% 9.05% 15.44% 13.81%

6 16 23 -0.48% 54.68% -5.14% 108.73% 3.17%(7) (4) (34) 0 0 -0.59 2.546 0

231 271 305 336.886 521.08 494.91 1029.264 1064.480.1362 0.1385 0.1315 9.18% 11.82% 9.06% 15.41% 13.81%

148 174 187 283.492 428.05 419.48 883.91 881.3529 31 31

95.9 95.9 95.9 95.9 95.9 95.9 95.9 95.9 436 476 526 681.872 886.45 1107.25 1614.06 2091.5

49 31 29 26.786 39.08 53.31 56.23 85.1871 88 91 306.176 275.21 308.62 229.23 234.7

344 320 325 479.381 577.56 813.03 872.82 1272.68243 258 275 192.717 276.65 78.4 624.11 921.95

64 113 143 438.085 341.29 606.58 149 342.050.13 0.15 0.15 0.39 0.28 0.26 0.13 0.11

2,914 3,751 6,178 7,336 11,510 7,539 19,593 29735.2

15.40 18.10 19.50 28.40 39.10 37.78 80.74 95.4285.00 95.00 125.00 130.00 170.00 175.00 270.00 3200%

531.50 572.20 622.30 777.77 982.35 1,203.15 1,709.96 2,187.40

3,356 3,550 3,681 3,868 3,924 4,260 4,382