| ICP (State Enterprise) Mutual Fund Series "A" |
|
|
|
|
|
|
|
|
| 17th
Annual Report 1997 |
|
|
|
| INVESTMENT
CORPORATION |
|
| OF PAKISTAN |
|
|
| HEAD
OFFICE: |
|
MUTUAL FUNDS DEPTT: |
|
| N.B.P.
Building, 5th Floor, |
|
Dawood Centre, Ground
Floor, |
|
| P.O.
Box No. 5410, |
|
Moulvi Tamizuddin Khan
Road, Karachi. |
|
| I.I.
Chundrigar Road, Karachi. |
|
Phones: 5686014-15,
5685104-105 |
|
| Phones:
2415860-10 Lines Telex: 20079 ICP PK. |
Telex: 20079 ICP PK.
29223 ICP PK. |
|
| 29223
ICP PK. Telefax: 92-021-2411684 |
Telefax: 92-021-5680035 |
|
|
|
| Balance
Sheet as at 30th June, 1997 |
|
|
|
Note |
1997 |
1996 |
|
| NET ASSETS |
|
|
Rupees |
Rupees |
|
|
| Investment
in quoted shares |
|
| [Market
value Rs. 2,897,960,453 |
|
| (1996:
Rs. 3,934,041,222)] |
|
4 |
461,207,459 |
452,702,535 |
|
|
| Current
Assets |
|
|
-------------------- |
-------------------- |
|
| Prepaid
expense |
|
32,500 |
7,500 |
|
| Current
account with |
|
| Investment
Corporation of Pakistan (ICP) |
|
12,236,784 |
30,607,723 |
|
| Taxation
- net |
|
4,877,013 |
4,877,013 |
|
|
-------------------- |
-------------------- |
|
|
17,146,297 |
135,492,236 |
|
| Current
Liabilities |
|
|
-------------------- |
-------------------- |
|
| Accrued
expenses |
|
2,888,008 |
86,165 |
|
| Unclaimed
dividend |
|
184,599,210 |
1,052,136 |
|
| Proposed
dividend |
|
-- |
280,000,000 |
|
|
-------------------- |
-------------------- |
|
|
187,487,218 |
281,138,301 |
|
|
-------------------- |
-------------------- |
|
|
(170,340,921 ) |
(145,646,065) |
|
|
-------------------- |
-------------------- |
|
|
290,886,538 |
307,056,469 |
|
|
============ |
============ |
|
| FINANCED BY |
|
| Capital
and Reserves |
|
| Capital |
|
| Authorised |
|
| 84,000,000
(1996: 28,000,000) certificates of |
|
| Rs.
10/- each |
|
5 |
840,000,000 |
280,000,000 |
|
|
============ |
============ |
|
| Issued,
Subscribed and Paid-up |
|
| 28,000,000
(1996: 28,000,000) certificates of |
|
| Rs.
10/- each |
|
280,000,000 |
280,000.00 |
|
|
| Revenue
reserves |
|
| Unappropriated
income |
|
10,866,538 |
27,056,469 |
|
|
-------------------- |
-------------------- |
|
|
290,866,538 |
307,056,469 |
|
|
============ |
============ |
|
| The
annexed notes form an integral part of these accounts. |
|
|
|
for THE INVESTMENT CORPORATION OF PAKISTAN |
|
|
|
| Income
and Expenditure Account for the year ended 30th June, 1997 |
|
|
|
Note |
1997 |
1996 |
|
| INCOME |
|
|
Rupees |
Rupees |
|
|
| Dividend |
|
46,938,521 |
30,414,141 |
|
| Return
on current account with the ICP |
|
12,241,157 |
5,491,814 |
|
| Profit
on sale of investment |
|
118,883,279 |
266,902,900 |
|
|
-------------------- |
-------------------- |
|
|
178,062,957 |
302,808,855 |
|
| EXPENSES |
|
|
-------------------- |
-------------------- |
|
| Management
fee |
|
6 |
1,400,000 |
1,400,000 |
|
| Auditor's
remuneration |
|
7 |
34,397 |
32,864 |
|
| Golden
hand shake expenses |
|
|
-- |
2,866,199 |
|
| Expenses
incurred in respect of issue of right certificates |
8 |
9,683,551 |
-- |
|
| Other
expenses |
|
9 |
1,134,940 |
820,558 |
|
|
|
-------------------- |
-------------------- |
|
|
|
12,252,888 |
5,119,621 |
|
|
|
-------------------- |
-------------------- |
|
| INCOME
BEFORE TAXATION |
|
|
165,810,069 |
297,689,234 |
|
|
|
|
-------------------- |
-------------------- |
|
| Taxation
- Current year |
|
10 |
-- |
3,472,797 |
|
| -
Prior year |
|
|
-- |
726,182 |
|
|
-------------------- |
-------------------- |
|
|
-- |
4,198,979 |
|
|
-------------------- |
-------------------- |
|
| Income
after taxation |
|
165,810,069 |
293,490,255 |
|
| UNAPPROPRIATED
INCOME BROUGHT FORWARD |
|
27,056,469 |
13,566,214 |
|
|
|
-------------------- |
-------------------- |
|
| AVAILABLE
FOR APPROPRIATION |
|
192,866,538 |
307,056,469 |
|
| Interim
dividend @65% (1996: Nil) on 28,000,000 |
|
-------------------- |
-------------------- |
|
| certificates
of Rs. 10/- each |
|
182,000,000 |
-- |
|
|
| proposed
dividend - Nil (1966: 100%) on 28,000,000 |
|
| certificates
of Rs. 10/- each |
|
-- |
280,000.00 |
|
|
-------------------- |
-------------------- |
|
|
182,000,000 |
280,000,000 |
|
|
-------------------- |
-------------------- |
|
| UNAPPROPRIATED
INCOME CARRIED FORWARD |
|
10,866,538 |
27,056,469 |
|
|
============ |
============ |
|
| The
annexed notes form an integral part of these accounts. |
|
|
|
| Cash
Flow Statement for the year ended 30th June, 1997 |
|
|
|
Note |
1997 |
1996 |
|
|
|
Rupees |
Rupees |
|
| CASH
FLOW FROM OPERATING ACTIVITIES |
|
|
| Cash
generated from operations |
|
11 |
37,462,476 |
25,263,507 |
|
| Sale
of investment |
|
|
124,972,355 |
338,770,000 |
|
| Purchase
of investment |
|
|
(14,594,000) |
(57,667,154) |
|
| Taxes paid |
|
|
-- |
(6,854,278) |
|
|
|
-------------------- |
-------------------- |
|
| Net
cash inflow from operating activities |
|
147,840,831 |
299,512,075 |
|
|
|
-------------------- |
-------------------- |
|
| CASH
FLOWS FROM INVESTING ACTIVITIES |
|
| Return
on current account with the IOP |
|
12,241,157 |
5,491,814 |
|
|
|
-------------------- |
-------------------- |
|
| Net
cash inflow from investing activities |
|
12,241,157 |
5,491,814 |
|
|
|
-------------------- |
-------------------- |
|
| CASH
FLOWS FROM FINANCING ACTIVITIES |
|
|
| Dividend
paid |
|
|
(278,452,927) |
(173,268,172) |
|
|
|
-------------------- |
-------------------- |
|
| Net
cash (outflow) from financing activities |
|
(278,452,927) |
(173,268,172) |
|
|
|
-------------------- |
-------------------- |
|
| NET
INCREASE /(DECREASE) IN CASH EQUIVALENT |
|
(118,370,939) |
131,735,717 |
|
| CASH
EQUIVALENT AT THE BEGINNING OF THE YEAR |
|
130,607,723 |
(1,127,994) |
|
|
|
|
-------------------- |
-------------------- |
|
| CASH
EQUIVALENT AT THE END OF THE YEAR |
12 |
12,236,784) |
130,607,723 |
|
|
============ |
============ |
|
|
|
|
|
| Notes
to the Accounts for the year ended 30th June, 1997 |
|
|
| 1.
STATUS AND NATURE OF BUSINESS |
|
| In
order generally to broaden the base of investments and to encourage
investment in sound quoted shares, the ICP (State |
|
| Enterprise)
Mutual Fund was floated by Investment Corporation of Pakistan, acting as
Trustee to the Fund, and the Fund is |
|
| listed
on stock exchange in Pakistan. |
|
|
| 2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
|
|
| 2.1
Accounting Convention |
|
| These
accounts have been prepared under the historical cost convention. |
|
|
| 2.2
Investment |
|
| i)
Investment are valued at average cost where cost is lower than the market
value; |
|
| ii)
in case where market value is lower than carrying value, the carrying value
is reduced to recognise decline i.e. for a |
|
| period
not less than three years, in order to arrive at book value; |
|
| iii)
profit or loss on sale of investment is accounted for in the year in which it
arises. |
|
|
| 2.3
Revenue recognition |
|
| i) Dividend income is recorded at the lime
of closure of share transfer books of the company declaring dividend; |
|
| ii)
return on current account with ICP is accounted for on the basis of the PLS
rate declared half yearly by a bank on |
|
| PLS
bank accounts. |
|
|
| 2.4
Taxation |
|
| Provision
for taxation is based on taxable income at the current rates for taxation
after taking into account |
|
| tax
credits available, if any. |
|
|
| 3.
BASIS OF ACCOUNTING FOR DISPOSAL OF SHARES OF PRIVATISED COMPANIES |
|
| In
previous years shares of Millat Tractors Limited, Metropolitan Steel
Corporation Ltd., Wazir All Industries Limited and |
|
| Gharibwal
Cement Industries Limited were acquired by the Privatisation Commission (the
Commission) from the Fund through |
|
| Investment
Corporation of Pakistan (ICP) for onward transmission to the bidders under
the Privatisation Scheme of the |
|
| Government
of Pakistan. |
|
|
| According
to agreements reached with the bidders, the price payable was subject to
adjustment for the difference between |
|
| figures
as per audited accounts at specified dates and unaudited balance sheets used
for the bidding purposes and Commission's- |
|
| share
of costs of "golden handshake" payable to employees of the
privatised units. ICP was also advised that proportionate share |
|
| of
Commission's expenses will be deducted from the final disbursements. Although
certain amounts have been advised by the |
|
| Commission
as ICP's share of "golden handshake" expenses and Commission
expenses to be deducted from final sale price, final |
|
| amounts
have not yet been advised by the Commission. |
|
|
| To
cover the above uncertainties ICP has had to make certain provisions on adhoc
basis. In order to ensure liquidity of the |
|
| Fund
for subsequent payment of dividend ICP acquired the Fund's holding at offered
price less price adjustments and |
|
| proportionate
cost of "golden handshake" so far incurred and provision for
further costs. When exact amount of expenses, costs |
|
| "golden
handshake" and price adjustments are determined the difference will be
recovered from or paid to the fund. |
|
|
| The
amount deducted by ICP for provisions for "golden handshake" and
Commission expenses against Millat Tractors |
|
| Limited
amounted to Rs. 14,495,236, Metropolitan Steel Corporation Ltd. amounted to
Rs. 3,999,173, Wazir All Industries Limited |
|
| amounted
to Rs. 1,144,073 and Gharibwal Cement Industries Limited amounted to
Rs.73,766,400 and the amounts advised by |
|
| the
Commission to-date against these expenses amounted to Rs. 7,448,382, Rs.
7,079,878, Rs. 762,802 and Rs. 9,420,066 |
|
| respectively. |
|
|
| 4.
INVESTMENTS IN QUOTED SHARES |
|
| Unless
stated otherwise the holdings are in the ordinary shares of Rs. 10/- each. |
|
|
| 1997 |
1996 |
|
1997 |
|
1996 |
|
|
|
|
Book Value |
Market Value |
Book Value |
Market Value |
| *Holding |
Name of the Company |
|
**Rate |
Amount |
**Rate |
Amount |
**Rate |
Amount |
**Rate |
Amount |
|
| No of shares |
|
Rupees |
Rupees |
Rupees |
Rupees |
Rupees |
Rupees |
Rupees |
Rupees |
|
|
|
CEMENT |
|
| 626,808 |
540,352 |
Gharibwal Cement
Industries Ltd. |
2.14 |
1,340.00 |
23.20 |
14,541,946 |
2.48 |
1,339,998 |
26.75 |
14,454,416 |
|
| 980,000 |
980,000 |
Zeal Pak Cement Factory
Ltd. |
37.79 |
37,033,021 |
18.90 |
18,522,000 |
37.79 |
37.033,021 |
20.00 |
19,600,000 |
|
|
|
|
|
FUEL & ENERGY |
|
|
|
| 200,000 |
200,000 |
Hub Power Co. Limited |
|
31.90 |
6,380,000 |
40.80 |
8,160,000 |
31.90 |
6,380,000 |
34.60 |
6,920,000 |
|
| 35,503,371 |
36,106,771 |
Karachi Electric Supply
Corporation. |
3.98 |
141,323,636 |
12.25 |
434,915,295 |
3.98 |
143,725,168 |
36.50 |
########### |
|
| 248,500 |
248,500 |
Kohinoor Power Co. Ltd. |
|
13.13 |
3,262,205 |
7.75 |
1,925,875 |
13.13 |
3,262,205 |
12.50 |
3,106,250 |
|
| 5,671,500 |
5,671,500 |
National Refinery Ltd. |
|
13.63 |
77,314,807 |
28.50 |
161,637,750 |
13.63 |
77,314,807 |
41.00 |
232,531,500 |
|
| 6,043,817 |
4,938,538 |
Pakistan State Oil Co.
Ltd. |
9.80 |
59,218,597 |
325.50 |
########### |
12.74 |
62,906,141 |
413.00 |
########### |
|
| 5,434,992 |
4,726,080 |
Sui Northern Gas
Pipelines Ltd. |
5.34 |
29,030.43 |
31.75 |
172,560,996 |
6.14 |
29,030,429 |
40.50 |
191,406,240 |
|
| 247,000 |
247,000 |
Sitara Energy Ltd. |
|
26.51 |
6,547,450 |
21.90 |
5,409,300 |
26.51 |
6,547,450 |
25.75 |
6,360,250 |
|
| 446,343 |
388,125 |
Sui Southern Gas Co Ltd. |
22.43 |
10,012,500 |
28.25 |
12,609,190 |
25.80 |
10,012,500 |
32.25 |
12,517,031 |
|
|
|
|
|
CHEMICAL &
PHARMACEUTICAL |
|
|
| 500,000 |
500,000 |
F.F.C Jordan Fertilizer
Co. Ltd. |
15.23 |
7,615,000 |
15.40 |
7,700,000 |
15.23 |
7,615,000 |
15.90 |
7,950,000 |
|
| 700,000 |
700,000 |
Fauji Fertilizer Co. Ltd. |
66.71 |
46,700,000 |
78.75 |
55,125,000 |
66.71 |
46,700,000 |
89.75 |
62,825,000 |
|
| 1,475,000 |
300,000 |
ICl Pakistan Ltd. |
|
22.76 |
33,569,000 |
24.20 |
35,695,000 |
63.25 |
18,975,000 |
53.00 |
15,900,000 |
|
|
|
|
|
WANASPATI & ALLIED |
|
|
|
| 140,319 |
140,819 |
Wazirali Industries Ltd. |
13.21 |
1,860,816 |
13.45 |
1,894,016 |
13.21 |
1,860,816 |
21.00 |
2,957,199 |
|
|
|
-------------------- |
|
-------------------- |
|
-------------------- |
|
-------------------- |
|
|
|
461,207,459 |
|
########### |
|
452,702,535 |
|
########### |
|
|
============ |
|
============ |
|
============ |
|
============ |
|
|
| *The
above shares are held in the name of the Investment Corporation of Pakistan
which acts as a Trustee to the Fund. |
|
| **Rounded
off to two decimal places. |
|
|
| 5.
During the year, line fund has increased its authorised and paid up capital
from Rs. 280,000,000 dividend into 28,000,000 |
|
| certificates
of Rs. 10/- each to Rs. 840,000,000 dividend into 84,000,000 certificates of
Rs. 10/- each. Further the board of |
|
| directors
has offered during the year two certificates for every one certificate held
at par. The last date of payment against right |
|
| certificates
is 13 October 1997. |
|
|
| 6.
The management fee is payable to Investment Corporation of Pakistan @ 1/2%
per annum of paid up Capital of the Fund. |
|
|
| 7.
AUDITORS' REMUNERATION |
|
|
Taseer Hadi |
Ford Rhodes |
1997 |
1996 |
|
|
Khalid & Co. |
Robson Morrow |
Rupees |
Rupees |
|
|
| Audit Fee |
|
14,611 |
14,611 |
29,222 |
27,830 |
|
| Tax
services |
5,175 |
-- |
5,175 |
5,034 |
|
|
-------------------- |
-------------------- |
-------------------- |
-------------------- |
|
|
19,786 |
14,611 |
34,397 |
32,864 |
|
|
============ |
============ |
============ |
============ |
|
|
| 8.
EXPENSES INCURRED IN RESPECT OF ISSUE OF RIGHT CERTIFICATES |
|
|
| Underwriting
commission & upfront fee |
|
7,000,000 |
-- |
|
| Printing
expenses |
|
221,795 |
-- |
|
| Postage |
|
180,000 |
-- |
|
| Stamp duty |
|
121.52 |
|
|
| Stock
exchange listin9 fee |
|
2,160,240 |
-- |
|
|
-------------------- |
-------------------- |
|
|
9,683,551 |
-- |
|
|
============ |
============ |
|
|
| 9.
OTHER EXPENSES |
|
|
1997 |
1996 |
|
|
Rupees |
Rupees |
|
|
| Printing
and stationery |
|
100,727 |
101,201 |
|
| Advertising
and publicity |
|
105,470 |
90,066 |
|
| Professionals
charges |
|
94,075 |
98,682 |
|
| Stock
exchange listing fee |
|
147,500 |
47,500 |
|
| Excise duty |
|
34,100 |
17,600 |
|
| Computer
related expenses |
|
303,802 |
151,065 |
|
| Postage |
|
176,056 |
175,837 |
|
| Professional
tax |
|
125,000 |
125,000 |
|
| Stamp duty |
|
38,880 |
-- |
|
| Miscellaneous |
|
9,330 |
13,607 |
|
|
-------------------- |
-------------------- |
|
|
1,134,940 |
820,558 |
|
|
============ |
============ |
|
|
|
|
| 10.
TAXATION |
|
| In
accordance with amendments introduced in the Finance Act, 1997 to the
Income-tax Ordinance 1979, no provision has been |
|
| made
for taxation as the fund has already declared more than 90% of its profits. |
|
|
| The
income-tax assessment of the fund has been finalised upto and including
assessment year 1996-97. However, the fund |
|
| has
filed appeals before the Commissioner of income-tax (Appeal) relating to
assessment years 1993-94, 1994-95, 1995-96 |
|
| and
1996-97. In case of adverse decision in respect of appeals for the above
referred assessment years, no material tax |
|
| liability
is expected to arise. |
|
|
| 11.CASH
GENERATED FROM OPERATIONS |
|
| Profit
before taxation |
|
165,810,069 |
297,689,234 |
|
|
|
|
| Adjustment
for non cash charges and other items: |
|
|
|
|
|
| Profit
on sale of Investments |
|
(118,883,279) |
(266,902,900) |
|
| Return
on current account with the ICP |
(12,241,157) |
(5,491,814) |
|
| Working
capital changes |
|
11.1 |
2,776,843 |
(31,013) |
|
|
-------------------- |
-------------------- |
|
|
37,462,476 |
25,263,507 |
|
|
============ |
============ |
|
| 11.1
Working capital changes |
|
|
| Decrease
in current assets |
|
| Prepaid
expense |
|
(25,000) |
-- |
|
|
-------------------- |
-------------------- |
|
|
(25,000) |
-- |
|
| Increase
/ (Decrease) in current liabilities |
|
|
| Accrued
expenses |
|
2,801,843 |
(31,013) |
|
|
-------------------- |
-------------------- |
|
|
2,776,843 |
(31,01 3) |
|
|
============ |
============ |
|
| 12.
CASH EQUIVALENT |
|
|
|
| Current
account with the ICP |
|
12,236,784 |
130,607,723 |
|
|
============ |
============ |
|
| 13.
TRANSACTIONS WITH THE ICP |
|
|
|
| 13.1
Underwriting commission & upfront fee |
7,000,000 |
-- |
|
|
============ |
============ |
|
|
|
|
| 13.2
All transactions pertaining to the Mutual Fund are handled by the ICP. |
|
| Share
transactions with ICP were as follows: |
|
|
| Purchase
of shares |
|
-- |
6,380,000 |
|
|
============ |
============ |
|
| Sate
of shares |
|
-- |
311,120,000 |
|
|
============ |
============ |
|
|
| 13.3
Maximum amount due from associated company at the end of any month during the
year was Rs. 216,930 million |
|
| (1996:
Rs. 410,432 million.) |
|
|
| 14. GENERAL |
|
| 14.1
Figures have been rounded off to the nearest rupee. |
|
| 14.2
Figures have been rearranged, for the purposes of comparison, where
necessary. |
|
|
|
| Pattern
of holdings of the Certificates held by the Certificate-holders as at 30th
June, 1997. |
|
|
|
NO. OF CERTIFICATES |
|
CERTIFICATES |
|
TOTAL CERTIFICATES |
|
|
HOLDERS |
|
H E L D |
|
HELD |
|
|
|
|
|
4488 |
|
FROM |
1 |
TO |
100 |
CERTS |
395,900 |
|
|
2547 |
|
FROM |
101 |
TO |
500 |
CERTS |
841,700 |
|
|
1198 |
|
FROM |
501 |
TO |
1000 |
CERTS |
1,114,000 |
|
|
1450 |
|
FROM |
1001 |
TO |
5000 |
CERTS |
4,049,600 |
|
|
226 |
|
FROM |
5001 |
TO |
10000 |
CERTS |
1,935,500 |
|
|
48 |
|
FROM |
10001 |
TO |
15000 |
CERTS |
644,900 |
|
|
27 |
|
FROM |
15001 |
TO |
20000 |
CERTS |
524,900 |
|
|
16 |
|
FROM |
20001 |
TO |
25000 |
CERTS |
362,600 |
|
|
15 |
|
FROM |
25001 |
TO |
30000 |
CERTS |
440,100 |
|
|
2 |
|
FROM |
30001 |
TO |
35000 |
CERTS |
65,100 |
|
|
2 |
|
FROM |
35001 |
TO |
40000 |
CERTS |
80,000 |
|
|
4 |
|
FROM |
40001 |
TO |
45000 |
CERTS |
174,500 |
|
|
2 |
|
FROM |
45001 |
TO |
50000 |
CERTS |
92,700 |
|
|
2 |
|
FROM |
55001 |
TO |
60000 |
CERTS |
115,200 |
|
|
2 |
|
FROM |
60001 |
TO |
65000 |
CERTS |
126,500 |
|
|
3 |
|
FROM |
65001 |
TO |
70000 |
CERTS |
202,500 |
|
|
1 |
|
FROM |
75001 |
TO |
80000 |
CERTS |
77,500 |
|
|
2 |
|
FROM |
80001 |
TO |
85000 |
CERTS |
167,200 |
|
|
1 |
|
FROM |
90001 |
TO |
95000 |
CERTS |
92,100 |
|
|
4 |
|
FROM |
95001 |
TO |
100000 |
CERTS |
398,900 |
|
|
1 |
|
FROM |
100001 |
TO |
105000 |
CERTS |
100,400 |
|
|
1 |
|
FROM |
105001 |
TO |
110000 |
CERTS |
110,000 |
|
|
1 |
|
FROM |
125001 |
TO |
130000 |
CERTS |
125,500 |
|
|
1 |
|
FROM |
160001 |
TO |
165000 |
CERTS |
165,000 |
|
|
1 |
|
FROM |
165001 |
TO |
17000 |
CERTS |
169,900 |
|
|
1 |
|
FROM |
220001 |
TO |
225000 |
CERTS |
223,000 |
|
|
1 |
|
FROM |
265001 |
TO |
270000 |
CERTS |
267,500 |
|
|
1 |
|
FROM |
270001 |
TO |
275000 |
CERTS |
271,300 |
|
|
1 |
|
FROM |
290001 |
TO |
295000 |
CERTS |
291,200 |
|
|
1 |
|
FROM |
295001 |
TO |
300000 |
CERTS |
300,000 |
|
|
1 |
|
FROM |
370001 |
TO |
375000 |
CERTS |
375,000 |
|
|
1 |
|
FROM |
450001 |
TO |
455000 |
CERTS |
452,400 |
|
|
1 |
|
FROM |
550001 |
TO |
555000 |
CERTS |
550,300 |
|
|
1 |
|
FROM |
635001 |
TO |
640000 |
CERTS |
637,200 |
|
|
1 |
|
FROM |
740001 |
TO |
745000 |
CERTS |
740,200 |
|
|
1 |
|
FROM |
745001 |
TO |
750000 |
CERTS |
746,200 |
|
|
1 |
|
FROM |
825001 |
TO |
830000 |
CERTS |
826,100 |
|
|
1 |
|
FROM |
955001 |
TO |
1000000 |
CERTS |
1,000,000 |
|
|
1 |
|
FROM |
1975001 |
TO |
1980000 |
CERTS |
1,978,400 |
|
|
1 |
|
FROM |
2040001 |
TO |
2045000 |
CERTS |
2,042,900 |
|
|
1 |
|
FROM |
2210001 |
TO |
2215000 |
CERTS |
2,212,900 |
|
|
1 |
|
FROM |
2513201 |
TO |
2515000 |
CERTS |
213,200 |
|
|
-------------------- |
|
-------------------- |
|
| TOTAL |
10062 |
|
28,000,000 |
