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Balance Sheet Common Size

Particulars 17-18 16-17 Percentage of 17-18 Percentage of 16-17


ASSETS
Non Current assets
Property,plant and equipment 4,485.89 4,485.89 26.80 30.53
Capital work-in-progress 203.78 203.78 1.22 1.39
intangible assets 168.65 84.86 1.01 0.58
intangible assets under devlopment 114.61 194.33 0.68 1.32
Financial Assets
Investments 1,934.08 1,349.00 11.55 9.18
Loans 45.68 48.36 0.27 0.33
Income tax assets 379.26 331.94 2.27 2.26
Other non current assets 558.67 651.14 3.34 4.43
Total Non-current assets 7,890.62 7,241.08 47.14 49.28
Current Assets
Inventories 823.58 656.31 4.92 4.47
Investments 5,591.12 4,540.85 33.40 30.90
Trade Recievables 1,520.18 1,561.87 9.08 10.63
Cash and Cash equivalent 34.38 15.4 0.21 0.10
Bank Balances other than 106.96 121.33 0.64 0.83
Loans 27.56 24.18 0.16 0.16
Others 539.37 144.95 3.22 0.99
Other Current Assets 205.03 388.29 1.22 2.64

Total Current Assets 8,848.18 7,453.18 52.86 50.72

Total assets 16,738.80 14,694.26 100.00 100.00


EQUITY AND LIABLITIES
Equity share capital 39.94 39.94 0.24 0.27
Other equity 11,728.94 10,071.35 70.07 68.54
Total Equity 11,768.88 10,111.29 70.31 68.81
Non-current Liablities
Provisions 114.94 75.3 0.69 0.51
Deffered tax liablities 511.66 414.34 3.06 2.82
Total non-current Liablities 626.6 489.64 3.74 3.33
Current Liablities
Financial Liablities
Trade Payables 3,318.81 3,247.27 19.83 22.10
Other Financial Liablities 202.14 352.77 1.21 2.40
Other current liablities 762.58 454.28 4.56 3.09
Provisions 59.79 39.01 0.36 0.27
Total Current Liablities 4,343.32 4,093.33 25.95 27.86
Total Equity and liablities 16,738.80 14,694.26 100.00 100.00
·        Sales Growth Year On Year
2017- 2016-
Particulars 2018(in 2017(in
crs) crs)
Revenue from operations 32,871.82 30,871.59

Dividend Per Share RS


FY 2017-18 95
FY 2016-17 85
Earning Per Share RS

2017-18 185.14
2016-17 169.12

EBITDA Margin RS
2017-18 16.38
2016-17 16.26

Ratios 17-18 16-17

Current Ratio 0.75 0.71

Acid Test Ratio 0.56 0.55


Return On Average Capital Employed
47.94 49.18
Return On Average Equity 33.8 35.65
Profit after Tax / Income from
Operations 11.47 11.85
Debt to Equity Ratio 0.053 0.049
Inventory Period (in days) 10.14 10.18
Inventory and Receivable Conversion
Period (in days) 24.65 26.97
Cash Cycle -18.76 -20.92
Hero MotoCorp LTD

Income statement common size

Particulars 17-18 16-17


Income
Revenue from operations 32871.82 30871.59
Other income 525.82 522.43
Total Income 33397.64 31394.02
Expenses
Cost of raw material consumed 21857.79 18974.11
Change in inventories of finished goods and work-in-progress -23.15 63.17
Excise duty on sale of goods 641.33 2371.13
Employee benefit expenses 1540.13 1396.01
Finance costs 6.25 6.05
Depreciation and amortisation expenses 555.6 492.73
Other expenses 3575.53 3432.36
Total expenses 28153.48 26735.56
Profit before tax 5244.16 4658.46
Tax expense
Current tax 1446.95 1082.08
Deferred tax 99.85 199.26
Total tax expense 1546.8 1281.34
Profit for the year 3697.36 3377.12
Ot her comprehensive income

Items that will not be reclassified subsequently to profit or loss


Re-measurement losses on defined benefit plans
Income tax effect -7.24 -21.53
Income tax effect 2.53 7.45
Net other comprehensive income not to be reclassified to profit or loss -4.71 -14.08
Total comprehensive income for the year, net of income tax 3692.65 3363.04
Earnings per share (of ` 2 each) in `
(a) Basic 185.14 169.12
(b) Diluted 185.13 169.12
Industry Type

Hero MotoCorp Ltd is a player in automobile industry. Hero MotoCorp Ltd. is


the world's largest manufacturer of two – wheelers, based in India

Business Model

Hero sells two types of products that are motorcycle and scooters. In the
Entry segment, the Company volumes grew a robust 33%, further increasing
its market share by 5% to fortify its segment leadership with a total market
share of 60%. Volumes in the deluxe segment grew by 9% and the Company
continued to stand tall with a 69% market share in that segment. In the
Premium segment, however, the Company lost market share. To address the
situation in this segment, Company has planned new launches for the
coming year.

The Scooter business saw a volume growth of 12% and clocked 8.8 lakh units
for FY18
Changing regulations, the Company expects a transformation in the industry.
Hence, there was an immediate need to support and build a strong and
robust eco-system across the entire supply chain.
For HMCL, FY18 was a year of product launches, multiple initiatives, and
focus on digitalization for higher efficiencies and high energy marketing
campaigns, both in the traditional and digital space.

The Company’s products are available in over 37 countries across the globe.
With a plant each in Bangladesh and Colombia, the Company is steadily
strengthening its global presence. FY18 was a further step ahead in creating
what will be a true Indian MNC.

The industry grew at a healthy clip of 15%.In domestic market, a growth of


14% over last year of the company. Company posted record sales numbers
for the year and achieved the distinction of being the first global two-
wheeler Company to record 7.59 million unit sales in a year.
Automobile exports from India increased at a healthy rate of 16.12%. This
benefited the company because company export also increased.

Capital Structure
Debt is 5% (Rs 626.60 Crs) and equity is 95 % (Rs 11,768.88 Crs).
Long Term Liabilities without reserves is Rs 666.54 C.
Short Term Borrowings are Rs 202.14 (Crs) to support Funding.
Long-Term Assets amount to Rs. 7,890.62 (Crs) so there is A Risk in Balance
Sheet without Reserves.
Research and Development is Rs 114.61 (Crs) because this is a growing
automobile company

Working Capital and operating cycle


Inventories + Debtors – Creditors =
Year 2017 656.31+1,561.87-3,247.27 amounts to (-1029.09)
Year 2018 823.58+ 1,520.18- 3,318.81 amounts to (-975.05)

Creditors are increasing this means that company has the bargaining power
to maintain creditors and since its sales growth rate is 6.47% in two wheeler
industry as compared to other two wheeler company as mentioned in MDA

·        Company posted record sales numbers for the year and achieved the
distinction of being the first global two-wheeler Company to record 7.59
million unit sales in a year.
·         Company achieved 73.6 lakh two-wheeler despatches in domestic
market, a growth of 14% over last year.
·        Company continued to stand tall with a 60% market share in entry level
and 69% market share in deluxe segment.
Balance Sheet Percentage Change

Percentage of 17-18 Percentage of 16-17


ASSETS
98.43 98.34 Non Current assets
1.57 1.66 Property,plant and equipment 4485.89 4485.89
100.00 100.00 Capital work-in-progress 203.78 203.78
intangible assets 168.65 84.86
65.45 60.44 intangible assets under devlopment 114.61 194.33
-0.07 0.20 Financial Assets
1.92 7.55 Investments 1934.08 1349
4.61 4.45 Loans 45.68 48.36
0.02 0.02 Income tax assets 379.26 331.94
1.66 1.57 Other non current assets 558.67 651.14
10.71 10.93 Total Non-current assets 7890.62 7241.08
84.30 85.16 Current Assets
15.70 14.84 Inventories 823.58 656.31
Investments 5591.12 4540.85
4.33 3.45 Trade Recievables 1520.18 1561.87
0.30 0.63 Cash and Cash equivalent 34.38 15.4
4.63 4.08 Bank Balances other than 106.96 121.33
11.07 10.76 Loans 27.56 24.18
Others 539.37 144.95
Other Current Assets 205.03 388.29

-0.02 -0.07 Total Current Assets 8848.18 7453.18


0.01 0.02
-0.01 -0.04 Total assets 16738.8 14694.26
11.06 10.71 EQUITY AND LIABLITIES
Equity share capital 39.94 39.94
0.55 0.54 Other equity 11728.94 10071.35
0.55 0.54 Total Equity 11768.88 10111.29
Non-current Liablities
Provisions 114.94 75.3
Deffered tax liablities 511.66 414.34
Total non-current Liablities 626.6 489.64
Current Liablities
Financial Liablities
Trade Payables 3318.81 3247.27
Other Financial Liablities 202.14 352.77
Other current liablities 762.58 454.28
Provisions 59.79 39.01
Total Current Liablities 4343.32 4093.33
Total Equity and liablities 16738.8 14694.26
3,465.46 0% 29%
288.34 0% -29%
118.89 99% -29%
194.33 -41% 0%

1,111.91 43% 21%


26.7 -6% 81%
331.94 14% 0%
884.07 -14% -26%
6,421.64 9% 13%

672.98 25% -2%


3,469.11 23% 31%
1,282.80 -3% 22%
26.95 123% -43%
104.41 -12% 16%
23.12 14% 5%
22.28 272% 551%
549.57 -47% -29%

6,151.22 19% 21%

12,572.86 14% 17%

39.94 0% 0%
8,794.47 16% 15%
8,834.41 16% 14%

67.6 53% 11%


414.34 23% 0%
290.13 28% 69%

2,650.56 2% 23%
265.7 -43% 33%
502.4 68% -10%
265.7 53% -85%
502.40 6% 715%
12,572.86 14% 17%
Profit and loss percentage change

Particulars 17-18 16-17 15-16

Income
Revenue from operations 32871.82 30871.59 30700.88
Other income 525.82 522.43 422.43
Total Income 33397.64 31394.02 31123.31
Expenses
Cost of raw material consumed 21857.79 18974.11 19321.72
Change in inventories of finished goods and work-in-progress -23.15 63.17 -11.88
Excise duty on sale of goods 641.33 2371.13 2258.18
Employee benefit expenses 1540.13 1396.01 1315.93
Finance costs 6.25 6.05 4.89
Depreciation and amortisation expenses 555.6 492.73 437.64
Other expenses 3575.53 3432.36 3361.96
Total expenses 28153.48 26735.56 26688.44
Profit before tax 5244.16 4658.46 4434.87
Tax expense
Current tax 1446.95 1082.08 960.88
Deferred tax 99.85 199.26 313.8
Total tax expense 1546.8 1281.34 1274.68
Profit for the year 3697.36 3377.12 3160.19
Ot her comprehensive income

Re-measurement losses on defined benefit plans


Income tax effect -7.24 -21.53 -3.63
Income tax effect 2.53 7.45 1.26
Net other comprehensive income not to be reclassified to profit or los -4.71 -14.08 -2.37
Total comprehensive income for the year, net of income tax 3692.65 3363.04 3157.82
Earnings per share (of ` 2 each) in `
(a) Basic 185.14 169.12 158.26
(b) Diluted 185.13 169.12 158.26
Percenatge Percentage
change 17-18 change 16-17

6% 1%
1% 24%
6% 1%

15% -2%
-137% -632%
-73% 5%
10% 6%
3% 24%
13% 13%
4% 2%
5% 0%
13% 5%

34% 13%
-50% -37%
21% 1%
9% 7%

-66% 493%
-66% 491%
-67% 494%
10% 6%

9% 7%
9% 7%
Particulars
Income
Revenue from operations
Other income
Total Income
Expenses
Cost of raw material consumed
Change in inventories of finished goods and work-in-progress
Excise duty on sale of goods
Employee benefit expenses
Finance costs
Depreciation and amortisation expenses
Other expenses
Total expenses
Profit before tax
Tax expense
Current tax
Deferred tax
Total tax expense
Profit for the year
Ot her comprehensive income

Items that will not be reclassified subsequently to profit or loss


Re-measurement losses on defined benefit plans
Income tax effect
Income tax effect
Net other comprehensive income not to be reclassified to profit or loss
Total comprehensive income for the year, net of income tax
Earnings per share (of ` 2 each) in `
(a) Basic
(b) Diluted
17-18 16-17 Percentage Percentage

32871.82 30871.59 98.43 98.34


525.82 522.43 1.57 1.66
33397.64 31394.02 100.00 100.00

21857.79 18974.11 65.45 60.44


-23.15 63.17 -0.07 0.20
641.33 2371.13 1.92 7.55
1540.13 1396.01 4.61 4.45
6.25 6.05 0.02 0.02
555.6 492.73 1.66 1.57
3575.53 3432.36 10.71 10.93
28153.48 26735.56 84.30 85.16
5244.16 4658.46 15.70 14.84

1446.95 1082.08 4.33 3.45


99.85 199.26 0.30 0.63
1546.8 1281.34 4.63 4.08
3697.36 3377.12 11.07 10.76

-7.24 -21.53 -0.02 -0.07


2.53 7.45 0.01 0.02
-4.71 -14.08 -0.01 -0.04
3692.65 3363.04 11.06 10.71

185.14 169.12 0.55 0.54


185.13 169.12 0.55 0.54
Particulars 17-18 16-17
CASH FLOWS FROM OPERATING ACTIVITIES
Profit after tax 3697.36 3377.12
Depreciation and amortisation expense 555.6 492.73
Tax expense 1546.8 1281.34
Loss on property, plant and equipment
sold/discarded 25.34 170.82
Finance Cost 6.25 6.05
Employee stock compensation cost 5.35 3.42
2139.34 1954.36
Less: Interest income on financial assets
carried at amortised
cost 154.17 156.89
Divident income 76.31 41.81
Profit on sale of investment 216.09 137.85
Gain on investments carried at fair value
through profit
or loss 74.53 179.25
Profit on sale of property, plant and
equipment 0.52 0.46
521.62 516.26
Operating profit before working capital
changes 5315.08 4815.22
Changes in working capital:
Adjustment for (increase)/decrease in
operating assets:
Inventories -167.27 16.67
Trade receivables 41.69 -279.07
Loans-current -3.38 -0.12
Loans-non-current 2.68 1.54
Other (financial assets) -394.42 15.57
Other current assets 183.26 22.1
Other non-current assets 69.27 70.6
-268.17 -152.71
Adjustment for increase/(decrease) in
operating
liabilities:
Trade payables 71.54 596.71
Other financial liabilities-Current -12.04 -13.65
Other current liabilities 308.3 -48.12
Short-term provisions 20.78 9.35
Long-term provisions 39.64 7.7
428.23 551.99
Cash generated from operating activities 5475.14 5214.5
Less:Direct taxes paid 1494.28 1186.48
Net cash generated from operating activities 3980.86 4028.02
CASH FLOWS FRO M INVESTING ACTIVITIES
Capital expenditure on property, plant &
equipment and
intangible assets including capital advances -801.84 -1150.69
Proceeds from sale of property, plant &
equipment 2.61 1.62
Sale of investments 33599.38 28274.08
Purchase of investments -34780.6 -28991.5
Investment in associates -90.09 -216.92
#REF! -73.44 -57.39
Interest income on financial assets carried at
amortised cost 152.43 155.05
Dividend income 76.31 41.81
Net cash (used) in investing activities -1915.22 -1943.94
CASH FLOWS FROM FINANCING ACTIVITIES
Interest paid -6.25 -6.05
Dividend income -1697.5 -1737.34
Tax on dividend -345.57 -353.69
Proceeds from issue of equity share capital
(including
securities premium) 2.66 1.45
Net cash (used) in financing activities -2046.66 -2095.63
INCREASE/(DECREASE) IN CASH AND CASH
EQUIVALENTS 18.98 -11.55
Cash and cash equivalents at the beginning of
the year 15.4 26.95
Cash and cash equivalents at the end of the
year 34.38 15.4
ASSETS
Non-currenassets
(a) Property, plant and equipment 5 4,310.73 3,465.46 2,629.59
(b) Capital work-in-pr 6 270.72 288.34 309.78
(c) Intangible assets 7 84.86 118.89 94.4
(d) Intangible assets under developme 8 194.33 317.06 402.77
(e) Financial assets
(i) Investment 9 1,349.00 1,111.91 959.2
(ii) Loans 10 23.13 26.7 30.09
(iii) Other financial assets 11 25.23 23.2 18.39
(f) Deferred tax assets (net) 21 - - 90.01
(g) Income tax assets (net) 12 331.94 227.54 85.19
(h) Other non-currenassets 13 651.14 842.54 668.77
Total Non - Current Assets 7,241.08 6,421.64 5,288.19
Current assets
(a) Inventories 14 656.31 672.98 815.49
(b) Financial assets
(i) Investment 9 4,540.85 3,469.11 2,470.21
(ii) Trade receivable 15 1,561.87 1,282.80 1,389.59
(iii) Cash and cash equivalent 16 15.4 26.95 70.69
(iv) Bank balances other than (iii) above 17 121.33 104.41
(v) Loans 10 21.73 23.12 23.86
(vi) Other financial assets 11 24.35 22.28 15.4
(c) Other current assets 13 511.34 549.57 576.51
Total Current Assets 7,453.18 6,151.22 5,450.31
Total Assets 14,694.26 12,572.86 10,738.50
EQUITY AND LIABILITIES
Equity
(a) Equity share capital 18 (a) 39.94 39.94 39.94
(b) Other equity 19 10,071.35 8,794.47 7,317.52
Total equity 10,111.29 8,834.41 7,357.46
LIABILITIES
Non-currenliabilities
(a) Provisions 20 75.3 67.6 44.92
(b) Deferred tax liabilities (net) 21 414.34 222.53 -
Total Non - Current Liabilities 489.64 290.13 44.92
Current liabilities
(a) Financial liabilities
(i) Trade payables 22 3,247.27 2,650.56 2,587.22
(ii) Other financial liabilities 23 352.77 265.7 254.74
(b) Other current liabilities 24 454.28 502.4 473.49
(c) Provisions 20 39.01 29.66 20.67
Total Current Liabilities 4,093.33 3,448.32 3,336.12
Total Equity and Liabilities 14,694.26 12,572.86 10,738.50
Total Current Liabilities 4,093.33 3,448.32 3,336.12
Total Equity and Liabilities 14,694.26 12,572.86 10,738.50
INCOME
Revenue from operations(gross)
Other income 26 522.43
Total Income 31,368.55 31,123.31
EXPENSES
Cost of raw materials
Changes in inventoriesof
Excise duty on sale
Employee benefits expenses 29
Finance costs 30 6.05
Depreciati and amortisati expenses
Other expenses 31 3,432.36
Total expenses 26,710.09 26,688.44
Profit before tax 4,658.46
Tax expense 32
Current tax 1,082.08 960.88
Deferred tax charge 199.26
Total tax expense 1,281.34
Profit for the year
OTHER COMPREHEINCOME
Items that will not
Re-measurgains (losses) on
Income tax benefit 7.45
Net other comprehenincome
Total Comprehenincome for
Earnings per share (of
(a) Basic 169.12 158.26
(b) Diluted 169.12 158.26
ASSETS
Non Current assets
Property,plant and equipment 4485.89 4485.89
Capital work-in-progress 203.78 203.78
intangible assets 168.65 84.86
intangible assets under devlopment 114.61 194.33
Financial Assets
Investments 1934.08 1349
Loans 45.68 48.36
Income tax assets 379.26 331.94
Other non current assets 558.67 651.14
Total Non-current assets 7890.62 7241.08
Current Assets
Inventories 823.58 656.31
Investments 5591.12 4540.85
Trade Recievables 1520.18 1561.87
Cash and Cash equivalent 34.38 15.4
Bank Balances other than 106.96 121.33
Loans 27.56 24.18
88.56 Others 539.37 144.95
Other Current Assets 205.03 388.29
Total Current Assets 8848.18 7453.18

Total assets 16738.8 14694.26


EQUITY AND LIABLITIES
Equity share capital 39.94 39.94
Other equity 11728.94 10071.35
Total Equity 11768.88 10111.29
Non-current Liablities
Provisions 114.94 75.3
Deffered tax liablities 511.66 414.34
Total non-current Liablities 626.6 489.64
Current Liablities
Financial Liablities
Trade Payables 3318.81 3247.27
Other Financial Liablities 202.14 352.77
Other current liablities 762.58 454.28
Provisions 59.79 39.01
Total Current Liablities 4343.32 4093.33
Total Equity and liablities 16738.8 14694.26
25 30,846.12 30,700.88
422.43

consumed 27 18,948.64 19,321.72


finished goods and work-in-pr 28 63.17 -11.88
of goods 2,371.13 2,258.18
1,396.01 1,315.93
4.89
5 492.73 437.64
3,361.96

4,434.87

313.8
1,274.68
3,377.12 3,160.19

be reclassifie to profit or loss:-


defined benefit plans -21.53 -3.63
1.26
not to be reclassifie to profit or
the year, net of tax 3,363.04 3,157.82
` 2 each) in ` 33
3,465.46 0% 29% 0 1,020.43
288.34 0% -29% 0 -84.56
118.89 99% -29% 83.79 -34.03
194.33 -41% 0% -79.72 0.00
0 0.00
1,111.91 43% 21% 585.08 237.09
26.7 -6% 81% -2.68 21.66
331.94 14% 0% 47.32 0.00
884.07 -14% -26% -92.47 -232.93
6,421.64 9% 13% 649.54 819.44
0 0.00
672.98 25% -2% 167.27 -16.67
3,469.11 23% 31% 1050.27 1,071.74
1,282.80 -3% 22% -41.69 279.07
26.95 123% -43% 18.98 -11.55
104.41 -12% 16% -14.37 16.92
23.12 14% 5% 3.38 1.06
22.28 272% 551% 394.42 122.67
549.57 -47% -29% -183.26 -161.28
6,151.22 19% 21% 1395 1,301.96
0 0.00
12,572.86 14% 17% 2044.54 2,121.40
0 0.00
39.94 0% 0% 0 0.00
8,794.47 16% 15% 1657.59 1,276.88
8,834.41 16% 14% 1657.59 1,276.88
0 0.00
67.6 53% 11% 39.64 7.70
414.34 23% 0% 97.32 0.00
290.13 28% 69% 136.96 199.51
0 0.00
0 0.00
2,650.56 2% 23% 71.54 596.71
265.7 -43% 33% -150.63 87.07
502.4 68% -10% 308.3 -48.12
265.7 53% -85% 20.78 -226.69
502.4 6% 715% 249.99 3,590.93
12,572.86 14% 17% 2044.54 2,121.40
Particulars 17-18
Income
Revenue from operations 32871.82
Other income 525.82
Total Income 33397.64
Expenses
Cost of raw material consumed 21857.79
Change in inventories of finished goods and work-in-p -23.15
Excise duty on sale of goods 641.33
Employee benefit expenses 1540.13
Finance costs 6.25
Depreciation and amortisation expenses 555.6
Other expenses 3575.53
Total expenses 28153.48
Profit before tax 5244.16
Tax expense
Current tax 1446.95
Deferred tax 99.85
Total tax expense 1546.8
Profit for the year 3697.36
Ot her comprehensive income
Items that will not be reclassified subsequently to
profit or loss
Re-measurement losses on defined benefit plans
loss -14.08 -2.37 Income tax effect -7.24
Income tax effect 2.53
Net other comprehensive income not to be reclassified -4.71
Total comprehensive income for the year, net of incom 3692.65
Earnings per share (of ` 2 each) in `
(a) Basic 185.14
(b) Diluted 185.13
16-17

30871.59 30,700.88 6% 1% 2000.23 170.71


522.43 422.43 1% 24% 3.39 100.00
31394.02 31,123.31 6% 1% 2003.62 270.71
#DIV/0! #DIV/0! 0 0.00
18974.11 19,321.72 15% -2% 2883.68 -347.61
63.17 -11.88 -137% -632% -86.32 75.05
2371.13 2,258.18 -73% 5% -1729.8 112.95
1396.01 1,315.93 10% 6% 144.12 80.08
6.05 4.89 3% 24% 0.2 1.16
492.73 437.64 13% 13% 62.87 55.09
3432.36 3,361.96 4% 2% 143.17 70.40
26735.56 26,688.44 5% 0% 1417.92 47.12
4658.46 4,434.87 13% 5% 585.7 223.59
#DIV/0! #DIV/0! 0 0.00
1082.08 960.88 34% 13% 364.87 121.20
199.26 313.8 -50% -37% -99.41 -114.54
1281.34 1,274.68 21% 1% 265.46 6.66
3377.12 3,160.19 9% 7% 320.24 216.93
#DIV/0! #DIV/0! 0 0.00
#DIV/0! #DIV/0! 0 0.00
-21.53 -3.63 -66% 493% 14.29 -17.90
7.45 1.26 -66% 491% -4.92 6.19
-14.08 -2.37 -67% 494% 9.37 -11.71
3363.04 3,157.82 10% 6% 329.61 205.22
#DIV/0! #DIV/0! 0 0.00
169.12 158.26 9% 7% 16.02 10.86
169.12 158.26 9% 7% 16.01 10.86