Cash flow Hanwha Systems Co., Ltd.

Equities

A272210

KR7272210006

Aerospace & Defense

End-of-day quote Korea S.E. Other stock markets 16/01/2026			5-day change	1st Jan Change
90,900.00 ^KRW	-5.80%		+50.75%	+67.10%

01-08	Hanwha and HavocAI Formalize Partnership to Develop 200-Foot Autonomous Surface Vessel	CI
12-31	Hanwha Systems Secures KRW40 Billion CMS Contract from the Philippine Navy	MT

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Published financial data: HANWHA SYSTEMS CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1,643B	2,090B	2,188B	2,453B	2,804B
Other Revenues, Total	-	-	-	-10	-10
Total Revenues	1,643B	2,090B	2,188B	2,453B	2,804B
Cost of Goods Sold, Total	1,395B	1,806B	1,935B	2,149B	2,388B
Gross Profit	248B	284B	253B	304B	416B
Selling General & Admin Expenses, Total	127B	143B	198B	186B	181B
Provision for Bad Debts	-55.04M	731M	-100M	193M	38.15B
Depreciation & Amortization - (IS)	11.21B	12.26B	16.76B	16.83B	12.12B
Amortization of Goodwill and Intangible Assets - (IS)	15.05B	13.91B	12.46B	7.08B	1.11B
Other Operating Expenses	1.37B	1.95B	2.34B	1.9B	1.91B
Other Operating Expenses, Total	155B	172B	229B	212B	235B
Operating Income	92.92B	111B	24.12B	92.68B	181B
Interest Expense, Total	-6.23B	-4.2B	-5.85B	-14.35B	-22.34B
Interest And Investment Income	6.36B	8.48B	24.97B	26.78B	14.63B
Net Interest Expenses	131M	4.29B	19.12B	12.43B	-7.7B
Income (Loss) On Equity Invest.	-4.73B	-10.5B	-27.15B	-45.64B	329B
Currency Exchange Gains (Loss)	-2.06B	1.72B	4.09B	1.5B	16.36B
Other Non Operating Income (Expenses)	-6.62B	-4.05B	-9.94B	252B	-1.34B
EBT, Excl. Unusual Items	79.64B	103B	10.24B	313B	517B
Gain (Loss) On Sale Of Investments	497M	25.73B	5.17B	63.89B	74.87B
Gain (Loss) On Sale Of Assets	74.22M	-442M	-578M	56.55B	-74.06M
Asset Writedown	-1.14B	-	-71.85B	-20.1B	-10.87B
EBT, Incl. Unusual Items	79.08B	128B	-57.02B	413B	581B
Income Tax Expense	-14.51B	30.18B	23.74B	57.39B	104B
Earnings From Continuing Operations	93.58B	97.88B	-80.76B	356B	477B
Earnings Of Discontinued Operations	-	-	-	-12.97B	-31.78B
Net Income to Company	93.58B	97.88B	-80.76B	343B	445B
Minority Interest	-	437M	4.2B	6.14B	8.92B
Net Income - (IS)	93.58B	98.32B	-76.56B	349B	454B
Net Income to Common Incl Extra Items	93.58B	98.32B	-76.56B	349B	454B
Net Income to Common Excl. Extra Items	93.58B	98.32B	-76.56B	362B	486B
Per Share Items
Net EPS - Basic	849.59	645.31	-409.4	1.86K	2.42K
Basic EPS - Continuing Operations	849.59	645.31	-409.4	1.93K	2.59K
Basic Weighted Average Shares Outstanding	110M	152M	187M	187M	188M
Net EPS - Diluted	849.59	645.1	-409.4	1.86K	2.42K
Diluted EPS - Continuing Operations	849.59	645.1	-409.4	1.93K	2.59K
Diluted Weighted Average Shares Outstanding	110M	152M	187M	187M	188M
Normalized Basic EPS	451.9	424.47	56.71	1.08K	1.77K
Normalized Diluted EPS	451.9	424.33	56.71	1.08K	1.77K
Dividend Per Share	230	160	250	280	350
Payout Ratio	36.52	25.76	-39.08	13.39	11.52
Supplemental Items
EBITDA	193B	207B	129B	215B	295B
EBITA	124B	141B	51.88B	116B	203B
EBIT	92.92B	111B	24.12B	92.68B	181B
EBITDAR	194B	209B	131B	215B	296B
Effective Tax Rate - (Ratio)	-18.34	23.56	-41.64	13.88	17.93
Normalized Net Income	49.78B	64.67B	10.6B	202B	332B
Supplemental Operating Expense Items
Selling and Marketing Expenses	18.62B	24.91B	31.9B	23.32B	24.51B
Net Rental Expense, Total	1.16B	1.34B	2.25B	718M	895M
Imputed Operating Lease Interest Expense	319M	261M	573M	306M	398M
Imputed Operating Lease Depreciation	838M	1.08B	1.68B	412M	497M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	540B	1,637B	1,228B	476B	200B
Short Term Investments	12.09B	26.67B	21.39B	32.27B	121B
Total Cash And Short Term Investments	552B	1,664B	1,250B	508B	321B
Accounts Receivable, Total	156B	177B	198B	200B	309B
Other Receivables	2.21B	5.23B	13.57B	3.82B	4.04B
Notes Receivable	-	-	1.22B	-	56.53M
Total Receivables	158B	182B	213B	204B	313B
Inventory	364B	406B	373B	501B	610B
Prepaid Expenses	7.12B	11.99B	16.77B	12.72B	74.84B
Other Current Assets, Total	603B	413B	463B	664B	951B
Total Current Assets	1,684B	2,676B	2,315B	1,890B	2,270B
Gross Property Plant And Equipment	748B	862B	930B	1,107B	1,616B
Accumulated Depreciation	-443B	-504B	-555B	-642B	-892B
Net Property Plant And Equipment	304B	358B	375B	465B	724B
Long-term Investments	51B	201B	579B	1,465B	1,888B
Goodwill	324B	324B	324B	324B	533B
Other Intangibles, Total	71.22B	71.73B	63.35B	61.36B	59.09B
Accounts Receivable Long-Term	4.65B	742M	-	-	-
Loans Receivable Long-Term	5.04B	4.54B	4.05B	3.96B	3.19B
Deferred Tax Assets Long-Term	87.21B	81.72B	87.39B	77.89B	41.59B
Deferred Charges Long-Term	155B	166B	170B	173B	170B
Other Long-Term Assets, Total	8.81B	10.28B	27.82B	21.46B	34.58B
Total Assets	2,695B	3,894B	3,946B	4,483B	5,724B
Liabilities
Accounts Payable, Total	77.64B	85.13B	118B	163B	154B
Accrued Expenses, Total	34.06B	48.06B	50.9B	64.3B	166B
Short-term Borrowings	30B	-	80B	132B	30B
Current Portion of Long-Term Debt	10B	29.99B	-	29.99B	49.96B
Current Portion of Leases	20.46B	22.57B	23.46B	28.79B	29.27B
Current Income Taxes Payable	14.39B	15.31B	14.84B	18.46B	37.32B
Other Current Liabilities	1,173B	1,162B	1,331B	1,514B	2,210B
Total Current Liabilities	1,360B	1,363B	1,619B	1,951B	2,677B
Long-Term Debt	59.9B	29.96B	29.98B	49.9B	249B
Long-Term Leases	64.15B	76.88B	75.21B	89.06B	115B
Pension & Other Post Retirement Benefits	159B	160B	180B	207B	207B
Deferred Tax Liability Non Current	-	-	7.04M	-	10.78B
Other Non Current Liabilities	19.37B	24.12B	22.66B	31.94B	48.45B
Total Liabilities	1,662B	1,655B	1,927B	2,329B	3,308B
Common Stock, Total	551B	945B	945B	945B	945B
Additional Paid In Capital	328B	1,085B	1,086B	1,100B	1,092B
Retained Earnings	157B	225B	117B	212B	589B
Treasury Stock	-739M	-34.12B	-34.12B	-34.12B	-34.12B
Comprehensive Income and Other	-2.79B	2.35B	-113B	-83.22B	-102B
Total Common Equity	1,033B	2,222B	2,000B	2,140B	2,490B
Minority Interest	-	17.26B	18.61B	14.31B	-73.64B
Total Equity	1,033B	2,240B	2,019B	2,154B	2,416B
Total Liabilities And Equity	2,695B	3,894B	3,946B	4,483B	5,724B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	110M	187M	187M	187M	187M
ECS Total Common Shares Outstanding	110M	187M	187M	187M	187M
Book Value / Share	9.38K	11.89K	10.7K	11.44K	13.32K
Tangible Book Value	637B	1,826B	1,613B	1,754B	1,898B
Tangible Book Value Per Share	5.78K	9.77K	8.62K	9.38K	10.15K
Total Debt	185B	159B	209B	330B	473B
Net Debt	-367B	-1,504B	-1,041B	-178B	152B
Debt Equivalent Oper. Leases	9.25B	10.69B	18.02B	5.75B	7.16B
Minority Interest, Total (Incl. Fin. Div)	-	17.26B	18.61B	14.31B	-73.64B
Equity Method Investments, Total	24.13B	28.55B	16.43B	926B	24.55B
Inventories - Raw Materials, Total	98.72B	123B	107B	126B	145B
Inventories - Work In Process, Total	249B	279B	250B	335B	459B
Inventories - Finished Goods, Total	21.08B	8.9B	21.99B	45.76B	11.81B
Inventories - Others	350	280	-500	270	570
Land - (BS)	25.59B	25.58B	27.14B	68.06B	70.54B
Buildings, Total	89.86B	88.04B	103B	111B	229B
Machinery, Total	505B	549B	613B	663B	877B
Accumulated Allowance for Doubtful Accounts (Supple)	4.78B	1.59B	322M	490M	655M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	93.58B	98.32B	-76.56B	349B	454B
Depreciation & Amortization - CF	68.59B	66B	77.19B	98.7B	92.3B
Amortization of Goodwill and Intangible Assets - (CF)	31.1B	29.92B	27.76B	23.19B	21.81B
Depreciation & Amortization, Total	99.69B	95.93B	105B	122B	114B
(Gain) Loss From Sale Of Asset	395M	484M	572M	-53.86B	466M
(Gain) Loss on Sale of Investments - (CF)	-497M	-25.77B	66.04B	-48.26B	-64.06B
Asset Writedown & Restructuring Costs	1.14B	-	646M	1.78B	9.58B
(Income) Loss On Equity Investments - (CF)	4.26B	10.5B	27.15B	45.64B	-325B
Stock-Based Compensation (CF)	2.92B	2.86B	-66.51M	7.54B	10.72B
Provision and Write-off of Bad Debts	7.94B	542M	-1.36B	186M	215M
Other Operating Activities, Total	2.48B	35.47B	42.84B	-173B	150B
Change In Accounts Receivable	17.23B	-21.29B	-29.06B	5.85B	-92.18B
Change In Inventories	-83.82B	-41.7B	34.48B	-128B	-106B
Change In Accounts Payable	-53.35B	11.29B	39.57B	42.38B	1.81B
Change in Other Net Operating Assets	82.82B	150B	59.38B	-87.63B	-20.89B
Cash from Operations	175B	317B	269B	83.36B	133B
Capital Expenditure	-45.63B	-80.12B	-48.3B	-132B	-240B
Sale of Property, Plant, and Equipment	361M	977M	182M	146M	146M
Cash Acquisitions	-8.83B	-6.43B	-	-	46.37B
Sale (Purchase) of Intangible assets	-44.67B	-38.26B	-32.46B	-26.97B	-25.42B
Investment in Marketable and Equity Securities, Total	3.1B	-143B	-596B	-702B	-223B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-4.15B	474M	-540M	1.12B	522M
Other Investing Activities, Total	202M	-1.15B	-2.36B	-3.72B	-852M
Cash from Investing	-99.62B	-268B	-679B	-864B	-442B
Short Term Debt Issued, Total	388B	203B	278B	795B	1,508B
Long-Term Debt Issued, Total	30B	-	-	49.88B	249B
Total Debt Issued	418B	203B	278B	844B	1,757B
Short Term Debt Repaid, Total	-428B	-203B	-199B	-742B	-1,608B
Long-Term Debt Repaid, Total	-52.71B	-64.16B	-57.3B	-30B	-64.18B
Total Debt Repaid	-481B	-267B	-257B	-772B	-1,673B
Issuance of Common Stock	-	1,153B	-	-	-
Repurchase of Common Stock	-739M	-33.38B	-	-	-
Common & Preferred Stock Dividends Paid	-34.17B	-25.33B	-29.92B	-46.75B	-52.36B
Common & Preferred Stock Dividends Paid	-34.17B	-25.33B	-29.92B	-46.75B	-52.36B
Other Financing Activities, Total	-	17.7B	5.64B	1.18B	3B
Cash from Financing	-97.62B	1,048B	-2.66B	26.65B	35.06B
Foreign Exchange Rate Adjustments	-1.7B	117M	9.95B	1.54B	-1.92B
Miscellaneous Cash Flow Adjustments	-	-	-5.08B	-	-2.56M
Net Change in Cash	-24.14B	1,097B	-409B	-752B	-276B
Supplemental Items
Cash Interest Paid	4.78B	1.99B	5.83B	5.87B	15.17B
Cash Income Tax Paid (Refund)	19.98B	23.92B	24.14B	27.85B	32.22B
Levered Free Cash Flow	60.45B	175B	187B	-59.71B	188B
Unlevered Free Cash Flow	64.35B	178B	191B	-50.74B	202B
Change In Net Working Capital	3.13B	-131B	-152B	71.26B	-240B
Net Debt Issued / Repaid	-62.71B	-64.16B	21.62B	72.22B	84.42B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.28	2.11	0.38	1.37	2.22
Return on Total Capital	4.92	3.85	0.65	2.46	4.21
Return On Equity %	9.35	5.98	-3.79	17.06	20.88
Return on Common Equity	9.35	6.04	-3.63	17.5	21
Margin Analysis
Gross Profit Margin %	15.07	13.57	11.58	12.41	14.83
SG&A Margin	7.73	6.87	9.04	7.57	6.47
EBITDA Margin %	11.72	9.92	5.9	8.75	10.53
EBITA Margin %	7.55	6.76	2.37	4.72	7.24
EBIT Margin %	5.66	5.33	1.1	3.78	6.46
Income From Continuing Operations Margin %	5.7	4.68	-3.69	14.51	17.02
Net Income Margin %	5.7	4.71	-3.5	14.24	16.2
Net Avail. For Common Margin %	5.7	4.71	-3.5	14.76	17.34
Normalized Net Income Margin	3.03	3.09	0.48	8.23	11.85
Levered Free Cash Flow Margin	3.68	8.38	8.56	-2.43	6.72
Unlevered Free Cash Flow Margin	3.92	8.51	8.73	-2.07	7.22
Asset Turnover
Asset Turnover	0.64	0.63	0.56	0.58	0.55
Fixed Assets Turnover	5.86	6.31	5.97	5.84	4.71
Receivables Turnover (Average Receivables)	10.08	12.57	11.68	12.31	11.01
Inventory Turnover (Average Inventory)	4.32	4.69	4.97	4.92	4.3
Short Term Liquidity
Current Ratio	1.24	1.96	1.43	0.97	0.85
Quick Ratio	0.52	1.35	0.9	0.37	0.24
Operating Cash Flow to Current Liabilities	0.13	0.23	0.17	0.04	0.05
Days Sales Outstanding (Average Receivables)	36.3	29.04	31.25	29.64	33.23
Days Outstanding Inventory (Average Inventory)	84.63	77.81	73.48	74.23	85.16
Average Days Payable Outstanding	24.69	16.07	19.48	22.52	23.24
Cash Conversion Cycle (Average Days)	96.24	90.78	85.25	81.36	95.14
Long Term Solvency
Total Debt/Equity	17.87	7.12	10.33	15.32	19.58
Total Debt / Total Capital	15.16	6.64	9.37	13.29	16.38
LT Debt/Equity	12.01	4.77	5.21	6.45	15.06
Long-Term Debt / Total Capital	10.19	4.45	4.72	5.59	12.6
Total Liabilities / Total Assets	61.68	42.49	48.83	51.95	57.78
EBIT / Interest Expense	14.91	26.53	4.13	6.46	8.11
EBITDA / Interest Expense	30.91	49.39	22.07	14.95	13.22
(EBITDA - Capex) / Interest Expense	23.59	30.29	13.81	5.73	2.48
Total Debt / EBITDA	0.96	0.77	1.62	1.54	1.6
Net Debt / EBITDA	-1.91	-7.26	-8.06	-0.83	0.52
Total Debt / (EBITDA - Capex)	1.26	1.25	2.58	4.01	8.52
Net Debt / (EBITDA - Capex)	-2.5	-11.83	-12.89	-2.17	2.74
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	6.27	27.19	4.71	12.12	14.32
Gross Profit, 1 Yr. Growth %	5.12	14.58	-10.69	19.14	36.71
EBITDA, 1 Yr. Growth %	10.67	7.6	-37.72	48.86	20.9
EBITA, 1 Yr. Growth %	9.43	13.89	-63.27	73.06	39.46
EBIT, 1 Yr. Growth %	8.35	19.8	-78.33	136.5	48.06
Earnings From Cont. Operations, 1 Yr. Growth %	28.38	4.59	-182.51	-641.33	23.47
Net Income, 1 Yr. Growth %	28.38	5.06	-177.87	-556.17	30.09
Normalized Net Income, 1 Yr. Growth %	-6.66	29.92	-83.6	910.6	51.26
Diluted EPS Before Extra, 1 Yr. Growth %	20.36	-24.07	-163.46	-687.82	23.55
Accounts Receivable, 1 Yr. Growth %	-8.26	13.29	12.12	1.21	54.01
Inventory, 1 Yr. Growth %	29.31	11.59	-8.15	34.35	21.75
Net Property, Plant and Equip., 1 Yr. Growth %	18.63	17.74	4.76	24.11	55.59
Total Assets, 1 Yr. Growth %	11.86	44.5	1.32	13.62	27.68
Tangible Book Value, 1 Yr. Growth %	13.6	186.7	-11.7	8.77	8.18
Common Equity, 1 Yr. Growth %	6.63	115.22	-10	6.97	16.37
Cash From Operations, 1 Yr. Growth %	-57.22	81.08	-15.14	-68.96	59.09
Capital Expenditures, 1 Yr. Growth %	7.39	75.6	-39.72	173.96	81.24
Levered Free Cash Flow, 1 Yr. Growth %	-77.93	189.65	7.02	-130.33	-560.24
Unlevered Free Cash Flow, 1 Yr. Growth %	-76.77	176.19	7.5	-125.31	-728.74
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	20.63	16.26	15.4	8.35	13.2
Gross Profit, 2 Yr. CAGR %	31.21	9.75	1.16	3.58	27.59
EBITDA, 2 Yr. CAGR %	43.02	9.12	-18.14	1.75	43.14
EBITA, 2 Yr. CAGR %	43.73	11.64	-35.32	-9.43	74.14
EBIT, 2 Yr. CAGR %	44.04	13.93	-49.05	-8.76	115.03
Earnings From Cont. Operations, 2 Yr. CAGR %	50.63	15.88	-7.1	90.73	169.34
Net Income, 2 Yr. CAGR %	50.63	16.13	-9.55	88.47	143.6
Normalized Net Income, 2 Yr. CAGR %	37.61	10.12	-53.84	76.66	307.94
Diluted EPS Before Extra, 2 Yr. CAGR %	23.59	-4.4	-30.58	73.12	180.57
Accounts Receivable, 2 Yr. CAGR %	-12.69	1.95	12.7	6.52	24.85
Inventory, 2 Yr. CAGR %	-1.83	20.12	1.24	11.09	27.9
Net Property, Plant and Equip., 2 Yr. CAGR %	17.77	18.18	11.06	14.02	38.96
Total Assets, 2 Yr. CAGR %	19.05	27.14	21	7.3	20.45
Tangible Book Value, 2 Yr. CAGR %	26.91	80.47	59.11	-2	8.48
Common Equity, 2 Yr. CAGR %	12.16	51.49	39.18	-1.88	11.57
Cash From Operations, 2 Yr. CAGR %	24.35	-11.99	23.96	-48.68	-29.73
Capital Expenditures, 2 Yr. CAGR %	13.26	37.32	2.89	28.51	122.83
Levered Free Cash Flow, 2 Yr. CAGR %	19.51	-20.05	76.07	-41.6	-2.19
Unlevered Free Cash Flow, 2 Yr. CAGR %	20.04	-19.9	72.31	-46.57	0.46
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	24.14	22.78	12.27	14.3	10.3
Gross Profit, 3 Yr. CAGR %	39.97	25.42	2.46	7.13	13.6
EBITDA, 3 Yr. CAGR %	47.67	30.08	-9.48	3.66	12.53
EBITA, 3 Yr. CAGR %	52.13	33	-22.93	-2.24	12.85
EBIT, 3 Yr. CAGR %	44.27	35.46	-34.48	-0.09	17.63
Earnings From Cont. Operations, 3 Yr. CAGR %	88.05	33.39	3.47	56.11	69.56
Net Income, 3 Yr. CAGR %	88.05	33.59	1.65	55.11	66.56
Normalized Net Income, 3 Yr. CAGR %	45.4	35	-41.63	59.46	72.57
Diluted EPS Before Extra, 3 Yr. CAGR %	48.3	5.07	-16.6	31.53	58.92
Accounts Receivable, 3 Yr. CAGR %	10.84	-4.77	5.23	8.73	20.45
Inventory, 3 Yr. CAGR %	80.26	2.45	9.84	11.25	14.54
Net Property, Plant and Equip., 3 Yr. CAGR %	27.83	17.76	13.53	15.25	26.47
Total Assets, 3 Yr. CAGR %	44.08	26.99	17.87	18.49	13.7
Tangible Book Value, 3 Yr. CAGR %	27.26	66.53	42.21	40.16	1.28
Common Equity, 3 Yr. CAGR %	48.27	39.37	27.35	27.49	3.86
Cash From Operations, 3 Yr. CAGR %	19.35	40.94	-13.05	-21.87	-25.17
Capital Expenditures, 3 Yr. CAGR %	5.76	31.09	4.37	42.6	44.11
Levered Free Cash Flow, 3 Yr. CAGR %	-	60.53	-11.89	-0.41	2.46
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	58.48	-11.65	-7.61	4.42
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	20.57	16.79	12.64
Gross Profit, 5 Yr. CAGR %	-	-	22.92	16.18	12.04
EBITDA, 5 Yr. CAGR %	-	-	16.63	17.91	11.15
EBITA, 5 Yr. CAGR %	-	-	8.05	14.05	12.37
EBIT, 5 Yr. CAGR %	-	-	-4.86	15.65	16.14
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	41.83	53.9	45.61
Net Income, 5 Yr. CAGR %	-	-	40.32	53.3	44.19
Normalized Net Income, 5 Yr. CAGR %	-	-	-8.12	50.33	44.19
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	9.46	28.3	29.68
Accounts Receivable, 5 Yr. CAGR %	-	-	11.58	-0.4	12.68
Inventory, 5 Yr. CAGR %	-	-	43.11	5.82	16.74
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	20.84	16.25	23.09
Total Assets, 5 Yr. CAGR %	-	-	34.36	18.71	18.9
Tangible Book Value, 5 Yr. CAGR %	-	-	39.15	34.7	27.61
Common Equity, 5 Yr. CAGR %	-	-	44.57	21.12	20.79
Cash From Operations, 5 Yr. CAGR %	-	-	21.18	-5.91	-20.15
Capital Expenditures, 5 Yr. CAGR %	-	-	4.6	30.05	41.36
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	7.13	-7.22
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	2.59	-6.09