Income Statement Linde India Limited

Equities

523457

INE473A01011

Commodity Chemicals

Market Closed - Bombay S.E. Other stock markets 06:00:53 2026-05-11 am EDT			5-day change	1st Jan Change
7,738.25 ^INR	-0.87%		+5.75%	+30.19%

Mar. 30	JM Financial Starts Linde India at Sell with INR6,150 Price Target	MT
Feb. 09	Linde India Limited Announces Chief Financial Officer Changes	CI

4848d3.hV8Cpfkkmse42xP1Zq4NhAhqN8XAfqxNQhTnRXUAEZU.8hRS7cBdyZXAvHTHEcxI5n47TfX4LPQoCn2qMAVXSdDaKmOTlmbi9sCJQg

Published financial data: LINDE INDIA LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2023	2024	2025
Revenues	14.71B	21.12B	26.01B	27.69B	24.85B
Other Revenues, Total	-	-	-	-	-
Total Revenues	14.71B	21.12B	26.01B	27.69B	24.85B
Cost of Goods Sold, Total	7.15B	11.18B	15.28B	14.75B	11.27B
Gross Profit	7.56B	9.94B	10.73B	12.94B	13.58B
Selling General & Admin Expenses, Total	701M	518M	232M	545M	565M
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	1.76B	1.81B	2.07B	2.01B	2.14B
Other Operating Expenses	3.04B	3.93B	4.16B	5.35B	5.37B
Other Operating Expenses, Total	5.5B	6.26B	6.46B	7.9B	8.07B
Operating Income	2.06B	3.68B	4.28B	5.03B	5.51B
Interest Expense, Total	-62.43M	-30.54M	-45.22M	-72.69M	-126M
Interest And Investment Income	214M	407M	605M	644M	563M
Net Interest Expenses	152M	376M	559M	571M	437M
Income (Loss) On Equity Invest.	17.04M	56.18M	65.06M	77.5M	70.32M
Currency Exchange Gains (Loss)	-54.6M	950K	2.19M	-1.42M	25.87M
Other Non Operating Income (Expenses)	92.84M	120M	-74.63M	24.75M	52.05M
EBT, Excl. Unusual Items	2.27B	4.23B	4.83B	5.71B	6.09B
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	90K	-10.26M	114M	64.12M	43.98M
Asset Writedown	-	-	-	-	-
Insurance Settlements	-	-	-	-	-
Other Unusual Items	17.11M	2.75B	232M	17.72M	-
EBT, Incl. Unusual Items	2.29B	6.98B	5.17B	5.79B	6.14B
Income Tax Expense	776M	1.91B	452M	1.45B	1.59B
Earnings From Continuing Operations	1.51B	5.07B	4.72B	4.34B	4.55B
Net Income to Company	1.51B	5.07B	4.72B	4.34B	4.55B
Net Income - (IS)	1.51B	5.07B	4.72B	4.34B	4.55B
Net Income to Common Incl Extra Items	1.51B	5.07B	4.72B	4.34B	4.55B
Net Income to Common Excl. Extra Items	1.51B	5.07B	4.72B	4.34B	4.55B
Per Share Items
Net EPS - Basic	17.72	59.47	55.35	50.9	53.33
Basic EPS - Continuing Operations	17.72	59.47	55.35	50.9	53.33
Basic Weighted Average Shares Outstanding	85.28M	85.28M	85.29M	85.28M	85.28M
Net EPS - Diluted	17.72	59.47	55.35	50.9	53.33
Diluted EPS - Continuing Operations	17.72	59.47	55.35	50.9	53.33
Diluted Weighted Average Shares Outstanding	85.28M	85.28M	85.29M	85.28M	85.28M
Normalized Basic EPS	16.63	31.03	35.37	41.82	44.64
Normalized Diluted EPS	16.63	31.03	35.37	41.82	44.64
Dividend Per Share	3	3.5	3.6	4	4.5
Payout Ratio	56.45	5.04	5.06	8.82	7.48
Supplemental Items
EBITDA	3.8B	5.48B	6.27B	7.02B	7.61B
EBITA	2.06B	3.68B	4.28B	5.04B	5.51B
EBIT	2.06B	3.68B	4.28B	5.03B	5.51B
EBITDAR	3.81B	5.49B	7.65B	7.03B	7.64B
Total Revenues (As Reported)	15.04B	21.67B	26.91B	28.46B	25.53B
Effective Tax Rate - (Ratio)	33.92	27.32	8.75	25.01	25.86
Total Current Taxes	398M	1.33B	1.45B	1.66B	1.84B
Total Deferred Taxes	378M	576M	-996M	-211M	-252M
Normalized Net Income	1.42B	2.65B	3.02B	3.57B	3.81B
Interest on Long-Term Debt	6.46M	7.69M	25.31M	18.99M	35.96M
Non-Cash Pension Expense	-3.55M	19.59M	-2.89M	15.1M	7.74M
Supplemental Operating Expense Items
Selling and Marketing Expenses	-	-	-291M	-	-
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	13.14M	15.22M	14.48M	6.52M	26.1M
Imputed Operating Lease Interest Expense	11.38M	23.84M	-	17.74M	83.62M
Imputed Operating Lease Depreciation	1.76M	-8.62M	-	-11.22M	-57.52M
Maintenance & Repair Expenses, Total	223M	283M	444M	356M	378M
Stock-Based Comp., SG&A Exp. (Total)	-	-	47.43M	61.92M	25.12M
Total Stock-Based Compensation	-	-	47.43M	61.92M	25.12M

Fiscal Period: March	2020	2021	2023	2024	2025
Assets
Cash And Equivalents	3.24B	9.83B	11.87B	9.79B	1.45B
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	3.24B	9.83B	11.87B	9.79B	1.45B
Accounts Receivable, Total	5.15B	5.78B	5.99B	6.49B	5.65B
Other Receivables	631M	794M	782M	952M	1.06B
Notes Receivable	910K	4.39M	230K	110K	50K
Total Receivables	5.78B	6.58B	6.77B	7.44B	6.7B
Inventory	720M	893M	1.65B	1.82B	1.35B
Prepaid Expenses	29.45M	11.09M	81.33M	122M	157M
Restricted Cash	5.55M	-	-	-	-
Other Current Assets, Total	920M	1.37B	287M	267M	285M
Total Current Assets	10.7B	18.68B	20.66B	19.44B	9.94B
Gross Property Plant And Equipment	28.6B	29.46B	32.21B	37.32B	45.32B
Accumulated Depreciation	-8.54B	-10.3B	-12.54B	-14.47B	-16.51B
Net Property Plant And Equipment	20.06B	19.16B	19.67B	22.85B	28.81B
Long-term Investments	36.74M	93.18M	320M	502M	576M
Goodwill	-	89.34M	89.34M	89.34M	89.34M
Other Intangibles, Total	3.33M	119M	114M	110M	108M
Accounts Receivable Long-Term	1.29B	1.29B	1.5B	2.36B	2.1B
Other Long-Term Assets, Total	638M	737M	1.64B	2.7B	9.81B
Total Assets	32.72B	40.17B	44B	48.05B	51.43B
Liabilities
Accounts Payable, Total	4.34B	5.79B	5.45B	6.24B	5.42B
Accrued Expenses, Total	208M	280M	343M	302M	542M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	10.08M	12.56M	13.58M	15.61M	19.56M
Current Income Taxes Payable	-	-	78.72M	206M	85.51M
Unearned Revenue Current, Total	553M	53M	120M	62.02M	60.68M
Other Current Liabilities	1.85B	2.61B	3.33B	3.48B	4.14B
Total Current Liabilities	6.96B	8.75B	9.34B	10.31B	10.26B
Long-Term Debt	-	-	-	-	-
Long-Term Leases	58.95M	230M	207M	191M	404M
Pension & Other Post Retirement Benefits	274M	318M	250M	247M	255M
Deferred Tax Liability Non Current	2.32B	2.89B	1.92B	1.7B	1.44B
Other Non Current Liabilities	762M	824M	880M	920M	866M
Total Liabilities	10.38B	13.02B	12.6B	13.37B	13.23B
Common Stock, Total	853M	853M	853M	853M	853M
Additional Paid In Capital	6.97B	6.97B	6.97B	6.97B	6.97B
Retained Earnings	14.52B	19.32B	23.56B	26.84B	30.35B
Comprehensive Income and Other	290K	2.94M	19.31M	19.82M	25.13M
Total Common Equity	22.34B	27.15B	31.4B	34.68B	38.2B
Total Equity	22.34B	27.15B	31.4B	34.68B	38.2B
Total Liabilities And Equity	32.72B	40.17B	44B	48.05B	51.43B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	85.28M	85.28M	85.28M	85.28M	85.28M
ECS Total Common Shares Outstanding	85.28M	85.28M	85.28M	85.28M	85.28M
Book Value / Share	261.98	318.33	368.19	406.69	447.91
Tangible Book Value	22.34B	26.94B	31.2B	34.48B	38B
Tangible Book Value Per Share	261.94	315.89	365.81	404.35	445.6
Total Debt	69.03M	243M	220M	207M	424M
Net Debt	-3.17B	-9.59B	-11.65B	-9.58B	-1.03B
Debt Equivalent of Unfunded Proj. Benefit Obligation	124M	164M	124M	121M	126M
Debt Equivalent Oper. Leases	105M	122M	-	52.16M	209M
Equity Method Investments, Total	36.35M	92.52M	320M	501M	562M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	7.98M	9.98M	16.63M	28.87M	23.72M
Inventories - Work In Process, Total	18.64M	17.16M	22.16M	16.87M	62.47M
Inventories - Finished Goods, Total	284M	259M	321M	365M	433M
Inventories - Others	375M	405M	414M	440M	547M
Land - (BS)	212M	193M	193M	193M	353M
Buildings, Total	968M	991M	1.02B	1.3B	1.29B
Machinery, Total	27.03B	27.19B	28.35B	30.59B	33.27B
Full Time Employees	263	242	246	269	256
Accumulated Allowance for Doubtful Accounts (Supple)	332M	226M	166M	202M	292M
Order Backlog	-	-	-	-	-

Fiscal Period: March	2020	2021	2023	2024	2025
Net Income	1.51B	5.07B	4.3B	4.34B	4.55B
Depreciation & Amortization - CF	1.76B	1.81B	2.02B	2B	2.13B
Amortization of Goodwill and Intangible Assets - (CF)	-	870K	5.22M	5.22M	5.21M
Depreciation & Amortization, Total	1.76B	1.81B	2.02B	2.01B	2.14B
Amortization of Deferred Charges, Total - (CF)	3.6M	2.73M	680K	420K	880K
(Gain) Loss From Sale Of Asset	90K	10.26M	-91.03M	-64.12M	-43.98M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-140K	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-17.04M	-56.18M	-69.04M	-77.5M	-70.32M
Stock-Based Compensation (CF)	-	-	-	-	25.12M
Provision and Write-off of Bad Debts	90.35M	-7.77M	-9.89M	59.53M	132M
Other Operating Activities, Total	313M	-1.96B	-1.46B	-730M	-712M
Change In Accounts Receivable	-334M	4.18M	-666M	-856M	830M
Change In Inventories	-31.87M	-5.12M	-66.46M	-76.3M	-216M
Change In Accounts Payable	-	-	-341M	793M	-883M
Change in Other Net Operating Assets	98.5M	1.02B	1.41B	-1.03B	88.67M
Cash from Operations	3.39B	5.89B	5.03B	4.37B	5.84B
Capital Expenditure	-705M	-1.37B	-2.91B	-5.72B	-13.31B
Sale of Property, Plant, and Equipment	340M	2.49B	110M	74.02M	78.57M
Divestitures	-	-	-	-	-
Sale (Purchase) of Real Estate properties	-	-	47.28M	-	-
Investment in Marketable and Equity Securities, Total	-20M	2.38M	-191M	-411M	-402M
Other Investing Activities, Total	-157M	-145M	487M	659M	580M
Cash from Investing	-541M	984M	-2.45B	-5.39B	-13.05B
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-1.08B	-	-	-	-
Long-Term Debt Repaid, Total	-21.17M	-18.01M	-17.81M	-13.59M	-36.77M
Total Debt Repaid	-1.11B	-18.01M	-14.25M	-13.59M	-36.77M
Common Dividends Paid	-853M	-256M	-239M	-383M	-340M
Common & Preferred Stock Dividends Paid	-853M	-256M	-239M	-383M	-340M
Special Dividend Paid	-	-	-682M	-638M	-680M
Other Financing Activities, Total	-48.43M	-7.69M	-20.25M	-18.99M	-64.81M
Cash from Financing	-2.01B	-282M	-956M	-1.05B	-1.12B
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	841M	6.59B	1.63B	-2.08B	-8.33B
Supplemental Items
Cash Interest Paid	48.43M	7.69M	20.25M	18.99M	35.96M
Cash Income Tax Paid (Refund)	656M	1.27B	1.53B	1.53B	1.89B
Levered Free Cash Flow	2.21B	3.15B	-	-435M	-6.76B
Unlevered Free Cash Flow	2.25B	3.17B	-	-389M	-6.68B
Change In Net Working Capital	97.56M	-419M	-	-110M	-1.02B
Net Debt Issued / Repaid	-1.11B	-18.01M	-14.25M	-13.59M	-36.77M

Fiscal Period: March	2020	2021	2023	2024	2025
Profitability
Return on Assets	3.95	6.3	-	6.84	6.92
Return on Total Capital	5.7	9.24	-	9.46	9.36
Return On Equity %	6.86	20.5	-	13.14	12.48
Return on Common Equity	6.86	20.5	-	13.14	12.48
Margin Analysis
Gross Profit Margin %	51.39	47.06	41.27	46.73	54.64
SG&A Margin	4.76	2.45	0.89	1.97	2.27
EBITDA Margin %	25.84	25.93	24.12	25.36	30.63
EBITA Margin %	14.02	17.43	16.46	18.2	22.18
EBIT Margin %	14.02	17.43	16.44	18.18	22.15
Income From Continuing Operations Margin %	10.27	24.02	18.15	15.68	18.3
Net Income Margin %	10.27	24.02	18.15	15.68	18.3
Net Avail. For Common Margin %	10.27	24.02	18.15	15.68	18.3
Normalized Net Income Margin	9.64	12.53	11.6	12.88	15.32
Levered Free Cash Flow Margin	15.01	14.9	-	-1.57	-27.18
Unlevered Free Cash Flow Margin	15.27	14.99	-	-1.41	-26.87
Asset Turnover
Asset Turnover	0.45	0.58	-	0.6	0.5
Fixed Assets Turnover	0.72	1.08	-	1.3	0.96
Receivables Turnover (Average Receivables)	3.05	3.87	-	4.44	4.1
Inventory Turnover (Average Inventory)	10.17	13.86	-	8.49	7.11
Short Term Liquidity
Current Ratio	1.54	2.13	2.21	1.88	0.97
Quick Ratio	1.3	1.87	2	1.67	0.79
Operating Cash Flow to Current Liabilities	0.49	0.67	0.54	0.42	0.57
Days Sales Outstanding (Average Receivables)	119.98	94.44	-	82.47	89.09
Days Outstanding Inventory (Average Inventory)	35.99	26.33	-	43.11	51.31
Average Days Payable Outstanding	200.92	162.86	-	142.65	197.07
Cash Conversion Cycle (Average Days)	-44.94	-42.09	-	-17.07	-56.67
Long Term Solvency
Total Debt/Equity	0.31	0.89	0.7	0.6	1.11
Total Debt / Total Capital	0.31	0.89	0.7	0.59	1.1
LT Debt/Equity	0.26	0.85	0.66	0.55	1.06
Long-Term Debt / Total Capital	0.26	0.84	0.65	0.55	1.05
Total Liabilities / Total Assets	31.72	32.41	28.63	27.82	25.72
EBIT / Interest Expense	33.03	120.53	94.55	69.26	43.6
EBITDA / Interest Expense	61.17	179.83	139.27	96.9	60.53
(EBITDA - Capex) / Interest Expense	49.88	135.06	75.02	18.25	-44.83
Total Debt / EBITDA	0.02	0.04	0.04	0.03	0.06
Net Debt / EBITDA	-0.83	-1.75	-1.85	-1.36	-0.13
Total Debt / (EBITDA - Capex)	0.02	0.06	0.06	0.16	-0.07
Net Debt / (EBITDA - Capex)	-1.02	-2.33	-3.43	-7.22	0.18
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-16.5	43.56	-	6.44	-10.23
Gross Profit, 1 Yr. Growth %	-20.54	31.46	-	20.53	4.95
EBITDA, 1 Yr. Growth %	-9.55	44.07	-	11.78	8.42
EBITA, 1 Yr. Growth %	-15.33	78.52	-	17.56	9.36
EBIT, 1 Yr. Growth %	-15.33	78.48	-	17.58	9.37
Earnings From Cont. Operations, 1 Yr. Growth %	-79.22	235.69	-	-8.05	4.78
Net Income, 1 Yr. Growth %	-79.22	235.69	-	-8.05	4.78
Normalized Net Income, 1 Yr. Growth %	33.46	86.6	-	18.21	6.73
Diluted EPS Before Extra, 1 Yr. Growth %	-79.22	235.69	-	-8.04	4.78
Accounts Receivable, 1 Yr. Growth %	14.53	12.24	-	8.31	-12.98
Inventory, 1 Yr. Growth %	4.91	23.96	-	10.42	-26.13
Net Property, Plant and Equip., 1 Yr. Growth %	-3.92	-4.49	-	16.15	26.07
Total Assets, 1 Yr. Growth %	0.69	22.23	-	9.22	7.02
Tangible Book Value, 1 Yr. Growth %	2.87	20.59	-	10.54	10.2
Common Equity, 1 Yr. Growth %	2.87	21.51	-	10.46	10.13
Cash From Operations, 1 Yr. Growth %	3.74	73.73	-	-13.19	32.52
Capital Expenditures, 1 Yr. Growth %	-15.44	94.05	-	96.77	132.74
Levered Free Cash Flow, 1 Yr. Growth %	-53.07	44.14	-	-	1.84K
Unlevered Free Cash Flow, 1 Yr. Growth %	-57.15	42.47	-	-	2.1K
Dividend Per Share, 1 Yr. Growth %	20	16.67	-	11.11	12.5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-18.07	9.49	-	-	-2.25
Gross Profit, 2 Yr. CAGR %	-6.8	2.21	-	-	12.47
EBITDA, 2 Yr. CAGR %	6.57	14.15	-	-	10.09
EBITA, 2 Yr. CAGR %	23.08	22.95	-	-	13.38
EBIT, 2 Yr. CAGR %	23.1	22.93	-	-	13.4
Earnings From Cont. Operations, 2 Yr. CAGR %	142.51	-16.48	-	-	-1.84
Net Income, 2 Yr. CAGR %	142.51	-16.48	-	-	-1.84
Normalized Net Income, 2 Yr. CAGR %	141.06	57.81	-	-	12.33
Diluted EPS Before Extra, 2 Yr. CAGR %	142.51	-16.48	-	-	-1.84
Accounts Receivable, 2 Yr. CAGR %	8.88	13.38	-	-	-2.92
Inventory, 2 Yr. CAGR %	-4.96	14.04	-	-	-9.69
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.63	-4.21	-	-	21.01
Total Assets, 2 Yr. CAGR %	-2.18	11.17	-	-	8.11
Tangible Book Value, 2 Yr. CAGR %	23.65	11.38	-	-	10.37
Common Equity, 2 Yr. CAGR %	23.63	11.8	-	-	10.3
Cash From Operations, 2 Yr. CAGR %	-5	34.25	-	-	7.68
Capital Expenditures, 2 Yr. CAGR %	-13.48	28.09	-	-	114
Levered Free Cash Flow, 2 Yr. CAGR %	52.14	-18.22	-	-	-
Unlevered Free Cash Flow, 2 Yr. CAGR %	168.36	-22.3	-	-	-
Dividend Per Share, 2 Yr. CAGR %	41.42	18.32	-	-	11.8
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-10.3	-1.23	-	-	-
Gross Profit, 3 Yr. CAGR %	-2.08	4.52	-	-	-
EBITDA, 3 Yr. CAGR %	4.15	17.84	-	-	-
EBITA, 3 Yr. CAGR %	15.04	39.32	-	-	-
EBIT, 3 Yr. CAGR %	15.14	39.33	-	-	-
Earnings From Cont. Operations, 3 Yr. CAGR %	110.55	170.27	-	-	-
Net Income, 3 Yr. CAGR %	110.55	170.27	-	-	-
Normalized Net Income, 3 Yr. CAGR %	113.56	121.34	-	-	-
Diluted EPS Before Extra, 3 Yr. CAGR %	110.55	170.27	-	-	-
Accounts Receivable, 3 Yr. CAGR %	5.51	9.99	-	-	-
Inventory, 3 Yr. CAGR %	-5.42	3.84	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-7.48	-4.58	-	-	-
Total Assets, 3 Yr. CAGR %	-1.38	5.51	-	-	-
Tangible Book Value, 3 Yr. CAGR %	15.51	22.62	-	-	-
Common Equity, 3 Yr. CAGR %	15.49	22.92	-	-	-
Cash From Operations, 3 Yr. CAGR %	10.37	16.18	-	-	-
Capital Expenditures, 3 Yr. CAGR %	-4.08	13.25	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	21.29	48.86	-	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	4.57	116.49	-	-	-
Dividend Per Share, 3 Yr. CAGR %	44.22	32.64	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.12	2.91	-	-	-
Gross Profit, 5 Yr. CAGR %	-11.07	6.26	-	-	-
EBITDA, 5 Yr. CAGR %	11.31	13.09	-	-	-
EBITA, 5 Yr. CAGR %	24.84	28.83	-	-	-
EBIT, 5 Yr. CAGR %	26.07	28.97	-	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	45.14	92.86	-	-	-
Net Income, 5 Yr. CAGR %	45.14	92.86	-	-	-
Normalized Net Income, 5 Yr. CAGR %	74.67	194.18	-	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	45.15	92.86	-	-	-
Accounts Receivable, 5 Yr. CAGR %	7.52	5.23	-	-	-
Inventory, 5 Yr. CAGR %	-2.49	0.83	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-5.95	-6.26	-	-	-
Total Assets, 5 Yr. CAGR %	-2.24	2.17	-	-	-
Tangible Book Value, 5 Yr. CAGR %	10.04	13.43	-	-	-
Common Equity, 5 Yr. CAGR %	9.92	13.51	-	-	-
Cash From Operations, 5 Yr. CAGR %	6.94	15.01	-	-	-
Capital Expenditures, 5 Yr. CAGR %	-2.76	-1.61	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	26.82	32.51	-	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	12.72	16.23	-	-	-
Dividend Per Share, 5 Yr. CAGR %	31.95	36.08	-	-	-