财务分析报告书模板

1/55 2/55第一篇公司简介格力电器旗下的“格力”品牌空调，是中国空调业唯一的“世界名牌”产际知名空调项目，在国际舞台上赢得了广泛的知名度和影响力，引领“中国制企业，成就格力百年的世界品牌”为目标，为“中国创造”贡献更多的力量。3/55单位：元资产负债表水平分析(表1)计金融资产资资13,783,157,646.40,896,126.90166,265.5096,724,345.57366,442.9044,539,091,076.163,301,466,951.587,794,549.973,055,380,985.7646,458,685.180,451,621.848,133,244,697.9552,672,335,774.115,895.96642,571,398.5017,726,244,228.0044,700.8566,460,604.194,423,963,935.8144,165,750.0034,350,717,570.053,173,655,835.81,725,089.39,118,711,597.821,952,879.59206.457,571,905,388.6041,922,622,958.65961,632,918.578,581,683.00,702,549,245.7147,058,486.3881,981.43-3,943,086,581.60,024,069,066.0622,151,426.05463,733,235.78.1679,606,173.304,672,760,409.767,200,692.9010,188,373,506.111,115.77330,612.06,511,999.500,093.8601,257.75466,778,697.17561,339,309.35,749,712,815.46.39581,683.009,977,847.21,565,361,670.945,126,930,962.13-22.24%1%61%73%370.18%%.66%03%%83%0%92%64%0%1%%对总资产的影响.30%-0.15%64%4/55计实收资本(或股本)所有者权益(或股东权益)负债和所有者权益(或股东权益)总计858,155,347.21813.15,233,456,183.879,919,092,670.7652,672,335,774.11,793,057.3581.875,309,195.87329.118,160,691,000.3741,922,622,958.65652,846,151.345,859,327.52070268,107,754.7601,758,401,670.39.04%%.75%.78%21.55%4%4.19%4%期增长了7.41%，使总资产规模增长了1.34%，两者合计使总资产增加了10749712815.4元6，增长幅度为25.64%。2、本期总资产的增长主要体现在流动资产的增长上。如果仅从这一变化来但其增长主要体现在以下几个方面：5/55二是存货的大规模增加。存货本期增加了4673760409.76元，增长幅度为三是其它应收款的增长。其它应收款本期增长了37200692.90元，增长幅度四是预付款项的增长。预付款项本期增加了463733235.78元，增长幅度为付款项的变动同样主要是因为预付供应商210.83%，对总资产的影响为0.08%。在建工程的增长主要反映了企业正在扩大6/553,330,612.06元，降低率为产项目上占用、从筹资或权益角度进行分析评价增长了21.45%；股东权益总额本期增长1,758,401,670.39元，增长幅度为21.55%，使权益总额增长了4.19%，两者合计使权益总额增加10749712815.46总额的影响为19.78%，这种变化可能导致公司偿债压力的加大及财务风险的增7/55六是应交税费的减少。应交税费本期减少216,940,730.89元，降低率为8/559/55资产负债表垂直分析(表2)783,157,646.4054,906.70,896,126.90166,265.5096,724,345.57366,442.9044,539,091,076.16,301,466,951.587,794,549.973,055,380,985.7646,458,685.180,451,621.84133,244,697.9552,672,335,774.11642,571,398.5077,579,765.657,726,244,228.0044,700.8566,460,604.194,423,963,935.8144,165,750.0034,350,717,570.05,173,655,835.81,725,089.39,118,711,597.821,952,879.59206.451,905,388.6041,922,622,958.65,632,918.578,581,683.00,702,549,245.7147,058,486.3881,981.43495,709,121.07,793,057.35期末余额(%)26.17%7%%0.15%%8%2.12%%%期初余额(%)42.28%2%%0.16%0.11%%变动额(%)-16.12%0.19%%-0.12%-0.18%5.16%10/55-0.13%858,155,347.215,309,195.87-0.68%52,266,813.150.10%00.281.17%实收资本(或股本)2,817,888,750.00-0.06%,233,456,183.8729.114%69%-0.45%1.53-1.00%,919,092,670.7660,691,000.37-0.63%负债和所有者权益(或股东权益)总计52,672,335,774.1141,922,622,958.65于企业灵活调度资金，风险较大。该公司本期流动资产比重高达84.56%，非流根据这样的资产结构，可以认为格力资产的流动性强，资产风险较小，但缺点是较低的非流动资产规模会让企业难以形成较大的生产规模，不利于企业的扩X；2、从动态方面分析。本期该公司流动资产比重较上期上升了2.62%，货币定。11/55分析评价12/55资产负债表变动原因分析(表3)6,335,774.11实收资本(或股本)(或股东权益)总计.0087,335,774.1158.6558.65另外，由于实收资本本期增加了939,296,250.00元，这是由于执行200913/55资产负债表对称结构分析(表4)式而言，负债成本相对较低，并具有可调性。(3)、无论是资产结构还是资本结14/55利润表水平分析(表5)加：公允价值变动收益(损失以“－”号投资收益(损失以“－”号填列)二、营业利润(亏损以“－”号填列)四、净利润(净亏损以“－”号填列)3,762,813.66309,532.212-138,875,315.187.405638,128.8483,199.6112%%202.17%6.14%增减变动分析评价1、净利润或税后利润分析。净利润是指企业所有者最终取得的财务成果，或可供企业所有者分配或使用的成果。格力电器2010年度实现净利润2,681,077,547.元56，比上年增长了155,092,083.7，增长率为6.14%，增长幅度一般。从水平分析看，净利润的增长主要是因为利润总额较去年增长285,626,282.99元，增长幅度为10.02%所导致的；由于所得税费用比去年上涨130,534,199.42元，二者相抵，使本期净利润增加2,681,077,547.5；2、利润总额分析。利润总额是反映企业全部财务成果的指标，它不仅反映企业的营业利润，而且反映企业的营业外收支状况。格力公司利润总额增长285,626,282.99元，增长幅度为10.02%，关键原因是营业外收入增加了1,865,330,644.元68，增长幅度为571.75导致的；同时营业外支出也一定幅15/55业成本、期间费用、资主要原因在于该公司本期投资收益减少了661,950,077.70元，降低幅度为608.85%以及资产价值损失本期增加了58,309,532.2，1增长幅度为672.26%所导增加，同时，营业成本、管理费用和销售费用相应的增加导致营业利润的减少，多方面因素综合作用，使本期营业利润减少了1,560,065,933.8元0。本本期金额上期金额本期(%)上期(%)59,157,908,612.0541,625,588,108.18100.00%100.00%49,285,589,652.2433,020,017,197.9283.31%79.33%198,359,106.71170,013,823.610.34%0.41%8,012,379,782.935,508,669,769.9613.54%13.23%1,156,991,267.031,127,711,103.301.96%2.71%-419,638,128.84-138,875,315.18-0.71%-0.33%66,983,199.618,673,667.400.11%0.02%145,436,589.70-28,581,683.000.25%-0.07%-28,386,774.32633,563,303.38-0.05%1.52%-3,296,805.89-2,083,231.92-0.01%-0.01%974,293,547.752,534,359,481.551.65%6.09%2,191,581,659.94326,251,015.263.70%0.78%29,722,912.9710,084,485.080.05%0.02%1,746,345.091,765,504.160.00%0.00%3,136,152,294.722,850,526,011.735.30%6.85%455,074,747.16324,540,547.740.77%0.78%2,681,077,547.562,525,985,463.994.53%6.07%项目一、营业收入减：营业成本营业税金及附加加：公允价值变动收益(损失以“－”投资收益(损失以“－”号填列)企业和合营企业的投资二、营业利润(亏损以“－”号填列)处置损失三、利润总额(亏损总额以“－”号四、净利润(净亏损以“－”号填列)构成变动分析评价16/55营业利润表水平分析(表7)加：公允价值变动收益(损失以“－”号填投资收益(损失以“－”号填列)和合营企业的投资收益三、营业利润(亏损以“－”号填列)2-138,875,315.187.403,231.92534,359,481.55638,128.8483,199.616,805.894,293,547.753,762,813.66309,532.21,950,077.703,573.9760,065,933.8012%%202.17%%利润分析。格主要原因在于该公司本期投资收益减少了661,950,077.70元，降低幅度为608.85%以及资产价值损失本期增加了58,309,532.2，1增长幅度为672.26%所导化的有利因素，同时，营业成本增加16,265,572,454.32元、管理费用增加29,280,163.73元和销售费用增加2,503,710,012.97元是导致营业利润增长的不利因素，增减抵消，使本期营业利润减少了1,560,065,933.80元。分析。营业毛利是营业收入与营业成本的差额。格力公司营业17/55按产品划分的主营业务收入及利润构成情况(表8)18/55减减减率1、空调本年度实现营业收入5,510,996.2万元，相应的营业成本为4,268,626.6元4，本年毛利率为22.54%，是导致营业利润中毛利率增长的最主要因素。营业收入相对上期增4加3.78%，而营业成本相对上期增8.22%，毛利率相对去年减少.32这反映出2010年度格力电器空调销售状况不佳；14.49%，是导致营业利润中毛利率增长的最主要因素。营按市场划分(表9)单位：亿元分类销售收入占销售总收入比例比上年增减40.23%成分析19/5520/55资产减值损失(表10)(合并)28,022,864.24-3,028,461.31482,204,421.4829,088,811.89价损失、长期股权投资减值损失六、投资性房地产减值损失七、固定资产减值损失程物资减值损失程减值损失十、生产性生物资产减值损失十一、油气资产减值损失十二、无形资产减值损失三、商誉减值损失四、贷款损失准备32,124,138.4336,909,708.233528,622,882.5499,596,738.55加，固定资产减值损失减少了1,889,987.48元，在建工程减值损失减少了2,204,421.48元，增减相抵消，共同使得资产减值损失增加了70,507,926.66财财务费用(表11)(合并)21/55 主要原因是利息收入大幅度上升所引起的。本期利息收入与去年相比，增加171,341,425.00元，利息支出与去年相比，减少了49,004,176.21元，汇兑损失较去年相比，增加了5,082,605.01元。增减相抵，共同使财务费用减少了211,947,628.88元。公允价值变动损益(表12)(合并)产生公允价值变动收益的来产生公允价值变动收益的来源交易性金融资产价值变动收益交易性金融负债投资性房地产上期发生额307,044.77307,044.77307,044.77本期发生额公允价值变动分析本期公允价值变动发生额为69,192,469.15元，上期发生额为2,307,044.77营业外收入(表13)(合并)项目项目本期发生额上期发生额计入当期非经常性损益的金额04,182.92404,182.92计04,182.92404,182.9222/559109,278,450.93合计206,008,580.33主要由公司营业外收入中各项目增加所引起的，其中固定资产处置利得减少了营业外支出(表14)(合并)23/55量表分析单位：元现金流量表水平分析(表15)目商金还商金金24,956,179,212.18535,271,612.055,932,806,836.3131,424,257,660.5423,814,474,426.911,346,732,339.772,047,442,664.8235,263,270,694.20268,527,072.60726,417,462.0036,258,215,228.8016,080,392,318.281,049,892,001.451,856,497,306.46-10,307,091,482.02266,744,539.455,206,389,374.31-4,833,957,568.267,734,082,108.63296,840,338.32190,945,358.36-29.23%99.34%716.72%-13.33%28.27%24/55费30,367,682,910.8625,281,788,016.175,085,894,894.6920.12%额1,056,574,749.6810,976,427,212.63-9,919,852,462.95-90.37%金金76,830,000.00-76,830,000.00资267,880.00616,960.00-349,080.00-56.58%无形资产和其他长期资产收现金净额处置子公司及其他营业单位收到25/55额2,055,790,145.3777,446,960.001,978,343,185.372554.45%资299,816,919.52681,452,169.64227.29%金131,370,000.00535,728,206.80-404,358,206.80-75.48%额6,304,700.004,735,777,165.00-4,729,472,465.00-99.87%1,118,943,789.165,571,322,291.32-4,452,378,502.16-79.92%投资活动产生金流量净936,846,356.21-5,493,875,331.326,430,721,687.53117.05%26/55额金金1,554,829,946.911,022,961,191.37531,868,755.5451.99%金1,361,840,303.0967,236,777.321,294,603,525.771925.44%股963,025,312.92379,800,716.62583,224,596.30%1,113,229,990.371,554,552,760.744%4,992,648,367.121,560,267,484.313,432,380,882.81219.99%筹资活动产生-3,437,818,420.21-537,306,292.9400,512,127.2727/55额-70,573,260.541,640,523.88-72,213,784.42-4401.87%-1,514,970,574.864,946,886,112.25-6,461,856,687.11-130.62%6,794,942,268.434,946,886,112.25267.68%期末现金及现金等价物余额5,279,971,693.576,794,942,268.43-22.30%1、经营活动现金流。经营活动净现金流比去年减少了9,919,852,462.95力公28/55所致。同时，支付给职工以及为职工支付的现金，支付的各项税费分别增长了2、投资活动现金流。投资活动净现金流比去年增加了6,430,721,687.5392%。投资活动现金流入量中，主要是因为收到其他与投资因素，投资支付的现金、支付其他与投资活动有关的现金分别降低了75.48%、3、筹资活动现金流。筹资活动产生的净现金流量2010年比去年减少了2,900,512,127.27元，降低幅度为539.82%，说明企业2010年筹资活动现金流出远远大于去年筹资活动现金流出，这主要是因为企010年增加了大量在建工程，进行了大量的筹资活动而产生巨额的利息支出所导致的。29/55金流量表垂直分析(表16)2009年销售商品、提供劳务收到的现金动现金流入小计购买商品、接受劳务支付的现金支付给职工以及为职工支付的现金税费动有关的现金动现金流出小计经营活动产生的现金流量净额位收到的现金净额现金流入小计业单位支付的现金净额动有关的现金现金流出小计资活动产生的现金流量净额268,527,072.6036,258,215,228.80392,318.28,001.45,306.4625,281,788,016.177,212.6330,000.00,960.0077,446,960.00299,816,919.524,735,777,165.005,571,322,291.32-5,493,875,331.327.26%%60%0%%4.39%05%49.61%%00%30/55流入小计偿还债务支付的现金分配股利、利润或偿付利息支付的现金动有关的现金流出小计动产生的现金流量净额物的影响五、现金及现金等价物净增加额加：期初现金及现金等价物余额六、期末现金及现金等价物余额%1%,752.14,191.3767,236,777.32379,800,716.62 -537,306,292.9437,358,623,380.1732,413,377,791.804,946,886,112.251,848,056,156.18%销售商品、提供劳务收到的现金动现金流入小计活动有关的现金动现金流出小计经营活动产生的现金流量净额金形资产和其他长期资产收回的现现金流入小计购建固定资产、无形资产和其他长期资产支付的现金单位支付的现金净额活动有关的现金现金流出小计资活动产生的现金流量净额24,956,179,212.18535,271,612.055,932,806,836.3131,424,257,660.542,047,442,664.823,159,033,479.3630,367,682,910.8656,574,749.6867,880.002,055,522,265.372,055,790,145.37981,269,089.1604,700.001,118,943,789.16936,846,356.21流入结构(%)3%%内部结构(%)2%9%流出结构(%)9%%31/55流入小计的现金利息支付的现金动有关的现金流出小计动产生的现金流量净额额金等价物的影响五、现金及现金等价物净增加额加：期初现金及现金等价物余额六、期末现金及现金等价物余额54,829,946.91,025,312.922,667,782,751.114,992,648,367.12-3,437,818,420.2135,034,877,752.8236,479,275,067.14-70,573,260.54-1,514,970,574.866,794,942,268.435,279,971,693.573%%%经营活动现金流出中购买商品、接受劳务支付的现金占到了现金流出的绝大比32/55另外，本期分配了现金股利也是导致筹资活动现金流出增加的另外一个重要原篇财务效率分析(以下数据均是合并报表数据)析资本经营能力因素分析表(表18)2002009年差异41,165,106,223.839,189,979,670.8940,877,565,403.674.45-0.26-910,369,161.72-2.23%0.37%3,380,275,535.152,469,906,373.432,913,450,350.1525.00%0.00%6.00%1.00%29.00%3.00%负债利息率(%)所得税率(%)总资产报酬率(%)净资产收益率(%)58,567,314,401.4312,332,196,747.6251,592,669,903.954.18-956,610,582.00-1.85%5,056,322,590.104,099,712,008.104,303,205,496.1625.00%7.00%32.00%=32.00%-29.00%=3.00%%33/55构来的收益越高。均净资产资产收益率的高低直接反映了公司的竞争实力和发展能力,也是决定公司是否应产。20080.280.070.06主营收入毛利润率0.220.25.234/550.060.050.050.060.060.140.02------------------收益留存比率47635/55苏宁电器和美菱电器是具有可比性的。65,604,378,124.9442,054,037,520.0065,604,378,124.9442,054,037,520.0029,267,156,191.6543,907,382,000.007,116,164,154.58999,488,787,431.072,746,190,259.05但其净资产规模不如美的电器以及苏宁电器，净资产规模处于同行业中中等水平，但其净资产收益率高于同行业其它企业，处于行业领先地位。总资产规模65,604,378,124.94净资产规模14,011,708,220.9总资产规模65,604,378,124.94净资产规模14,011,708,220.999,488,787,431.07002,746,190,259.05格力电器29,267,156,191.6543,907,382,000.007,116,164,154.5836/5542,054,037,520.0029,267,156,191.6543,907,382,000.007,116,164,154.589,488,787,431.072,746,190,259.05率5,604,378,124.9442,054,037,520.0029,267,156,191.6543,907,382,000.007,116,164,154.589,488,787,431.072,746,190,259.05益37/55总资产周转率分析表(表24)率2009年42,637,291,053.2641,165,106,223.8332,943,945,000.8680.03%2010年60,431,626,050.4658,567,314,401.4348,571,767,080.5882.93%差异17,794,334,997.2017,402,208,177.6015,627,822,079.72-0.01-0.052.90%(1.24-1.29)*80.03%=-0.04次38/55营运能力指标历史可比变动(表25)会计年度201020092008流动资产对总资产的比率平均余额=流动资产垫支周转率*成本收入率，它是反映企业运营能力的重要指产周转率仍处于下降趋势，企业应当充分重视这一指标，加以改善；应收账款周转率较08、09年也有下降趋势，这反映了企业为预防原材料涨价，购入了大量原材料所致；固定资产周转率较去年有了一定幅度的好转，但是仍然低于2008年的水平，固定资产39/55营运能力同行业比较分析(表26)格力电器美的电器海尔电器科龙电器美菱电器40/55能力分析偿债能力指标历史可比变动(表27)存货流动负债比率(对金融企业无意义)率 流动比率=流动资产/流动负债=54,532,718,614.97/49,674,947,491.47=1.09741/55,320.08)/资产负债率=负债总额/总资产=51,592,669,903.95/65,604,378,124.94=力公司近三年来流动比率分别为1.01、1.04、1.10，呈现增长趋势，但率下降了0.25，下降幅度为44.62%,反映了企业当年偿债能力有了较明显的下2、长期偿债能力。资产负债率=负债总额/总资产，是总管和反映企业偿债为0.79、0.79、0.75，保持在较稳定的状态，这一指标值相对来说较高，企业长期偿债风险较大。产权比率=资产总额/股东权益总额，分别为4.93、5.17、的评价的。力有所下降，这样的情况是好是坏，不能轻易下结论。42/55偿债能力行业比较分析(表28)比率营运资产与总资产的比率比率器器器器43/55会计年度201020092008-0.151净资产增长率(%)44/55发展能力行业比较分析(表30)-0.16-0.1845/55753,117,093.9,5+753,117,093.9,5+54,532,718,6--60,431,626,050.458,027,222,9112,651,919,451.篇杜邦分析模型31)益率0.7099%权益乘数权益乘数X4.6821%业务利润率业务利润率X0.9212%收入收入收入收入资产总额/60,431,626,050.46065,604,378,124.960,431,626,050.4604,303,205,496.16收入46/55收入00主营业务收入/42,457,800,000/42,457,800,0000448,612,000090,000收入所得税收入00主营业务收入/42,457,800,000/42,457,800,0000448,612,000090,000收入所得税长期资产+54,532,718,615+--42,457,800,00039,626,807,100531,069,10060.628401510主营业务成本47,948,002,479.6营业费用8,410,135,601.480管理费用主营业务成本47,948,002,479.6营业费用8,410,135,601.480管理费用1,978,054,366.250货币资金15,166,127,512.150应收账款1,198,924,905.030其他资产5,543,679,612.75存货11,559,167,320.080其他流动资产26,608,498,877.72009年格力公司杜邦模型(表32)净资产收益率27.0914%权益乘数X权益乘数X4.7619业务利润率业务利润率X0.823951,530,51,530,300,00047/5536,567.858,000904,842,912.311,90014,525,966.383,644,345.7300.71%-26.92%=3.6185%权益乘数变动影响为:(4.6821-4.7619)*6.5590%=-0.0798%19%+-0.0798%=3.6185%48/55了投资者的投入资本获利能力的高低，能体现企业的经营目标。格力公司2010，第五篇财务报告综合分析49/55成3至5个拥有较强自主创新能力、在国际市场具有较高影响力和竞争力的50/55前景优势可能并不如前几年明显，2010年格力公司在努力拓展海外市场方面取股东股利的正常发放。2011年的发展情况，有待于进一步分析确定。做为一名最新底最新底牌机构名称评级类别评级变动上涨空间长性长性评级时间力力力力力力力力从空调龙头向制冷龙头迈进领先的自主研发制冷行业专家股东大会纪要：热烈精彩，鼓舞人心兴业证券民生证券广发证券强烈推荐强烈强烈推荐买入无维持首次无51/55最新底牌机构名称评级类别评级变动上涨空间长性长性评级时间力力力力力力力力力力力力力力行业性成本压力其实有利于格力扩X份额Q1延续高增长势头，出二季度酝酿新一轮投资点高增长速度未减高盈利基本维持国金证券国信证券买入强烈推荐强烈强烈强烈维持维持无无52/55最新底牌机构名称评级类别评级变动上涨空间长性长性评级时间力力力3月空调销量高基数下高增长司东方证券入维持53/55会计年度货币资金交易性金融资产应收票据应收账款预付款项其他应收款应收关联公司款应收利息应收股利存货其中：消耗性生物资产一年内到期的非流动资产其他流动资产流动资产合计可供出售金融资产持有至到期投资长期应收款长期股权投资投资性房地产定资产在建工程工程物资固定资产清理生产性生物资产油气资产无形资产开发支出商誉长期待摊费用递延所得税资产其他非流动资产非流动资产合计资产总计短期借款交易性金融负债应付票据应付账款预收款项应付职工薪酬应交税费15,166,127,512.1572,195,706.4322,055,819,308.231,198,924,905.032,559,799,033.82312,458,587.20--180,390,758.03--11,559,167,320.08----1,427,835,484.0054,532,718,614.971,093,942,250.00----21,787,097.06171,468,047.155,527,979,897.22100,515,586.76--60,964.98----1,049,490,850.53----16,076,690.381,528,800,867.751,561,537,258.1411,071,659,509.9765,604,378,124.941,900,379,493.81--8,944,563,957.3813,794,914,414.1712,006,210,896.84772,758,425.28855,558,495.0122,904,842,912.312,371,100.1010,836,551,337.90914,525,966.381,488,444,519.77158,098,225.38--81,201,281.99--5,823,644,345.73----401,135,856.6342,610,815,546.19757,400,600.00----7,015,981.29114,131,306.374,608,436,567.48211,123,926.52--1,000,093.86----504,857,674.33----3,280,168.471,046,086,813.401,666,102,000.008,919,435,131.7251,530,250,677.91961,632,918.57--8,393,337,570.0111,650,132,271.778,871,946,777.01606,007,070.211,133,786,854.173,666,298,569.35--13,277,429,017.10565,501,518.20896,768,965.0263,807,929.38--17,328,954.83--4,789,875,829.24----63,672.4123,277,074,455.53----1,450,197,560.461,049,727.7480,029,044.614,303,784,000.41268,399,739.31--1,184,823.56----449,565,898.60----8,681,509.56959,995,009.97--7,522,887,314.2230,799,961,769.758,401,564.87--2,584,807,861.448,716,985,497.255,829,108,434.66335,581,464.40621,651,905.6754/55应应付利息应付股利其他应付款应付关联公司款一年内到期的非流动负债其他流动负债流动负债合计长期借款应付债券长期应付款专项应付款预计负债递延所得税负债其他非流动负债非流动负债合计负债合计实收资本(或股本)资本公积盈余公积减：库存股未分配利润少数股东权益外币报表折算价差非正常经营项目收益调整归属母公司所有者权益(或股东权益)所有者权益(或股东权益)合计负债和所有者(或股东权益)合计268,473.575,896,413.59770,381,854.75----4,196,138,441.0423,069,221,911.24----------3,465,790.97--3,465,790.9723,072,687,702.211,252,395,000.00779,325,737.361,728,557,452.08--3,740,537,557.96249,732,824.64-26,197,492.662,922,988.167,477,541,242.907,727,274,067.5430,799,961,769.7519,257,770.32