Bharat Heavy Electricals Ltd.

ASSETS
Rs. Crore Mar-95 Mar-96 Mar-97 Mar-98 Mar 1999

Gross fixed assets 1,803.77 1,934.81 2,175.63 2,490.47 2,736.63

Land & building 365.22 369.27 378.47 388.90 412.12
Plant & machinery 1,283.07 1,393.21 1,443.96 1,505.00 1,611.93
Other fixed assets 76.52 94.98 282.13 529.00 633.09
Capital WIP 78.96 77.35 71.07 67.57 79.49
Less: cummulative depreciation 1,152.79 1,245.60 1,351.44 1,464.70 1,594.83
Net fixed assets 650.98 689.21 824.19 1,025.77 1,141.80

Investments 337.05 337.05 135.06 24.10 15.10

In group / associate cos. 0.00 0.00 0.00 0.00 0.00
In mutual funds 194.21 194.21 0.00 0.00 0.00
Other investments 142.84 142.84 135.06 24.10 15.10

Marketable investment 336.73 336.73 134.34 0.00 0.00

In group / associate cos. 0.00 0.00 0.00 0.00 0.00
Quoted investment 194.21 194.21 0.00 0.00 0.00
Market value of quoted investment 241.41 215.86 0.00 0.00 0.00

Deferred tax assets 0.00 0.00 0.00 0.00 0.00

Inventories 1,495.24 1,809.56 1,876.55 1,713.34 1,818.74

Raw materials and stores 694.61 783.00 870.07 720.16 743.26
Raw materials 604.25 688.22 765.91 606.61 629.38
Stores and spares 90.36 94.78 104.16 113.55 113.88
Finished and semi-finished goods 800.63 1,026.56 1,006.48 993.18 1,075.48
Finished goods 211.06 250.58 239.34 197.49 290.80
Semi-finished goods 589.57 775.98 767.14 795.69 784.68
Incomplete construction contracts 0.00 0.00 0.00 0.00 0.00
Stock real estate 0.00 0.00 0.00 0.00 0.00
Stock of shares / securities 0.00 0.00 0.00 0.00 0.00
Other stock 0.00 0.00 0.00 0.00 0.00

Receivables 3,757.87 4,175.69 4,713.10 4,849.61 5,283.71

Sundry debtors 2,485.16 2,962.17 3,239.11 3,131.00 3,436.95
Debtors exceeding six months 1,155.81 1,556.25 1,692.29 1,536.72 1,346.03
Accrued income 49.76 47.19 45.00 38.08 41.11
Advances / loans to corporate bodies 197.00 0.00 0.00 0.00 0.00
Group / associate cos. 0.00 0.00 0.00 0.00 0.00
Other cos. 197.00 0.00 0.00 0.00 0.00
Deposits with govt. / agencies 62.38 78.61 75.47 101.49 102.77
Advance payment of tax 594.75 624.10 821.91 953.81 1,107.35
Other receivables 565.82 463.62 531.61 625.23 595.53

Cash & bank balance 483.32 344.85 350.15 415.31 537.43

Cash in hand 483.32 344.85 350.15 4.35 5.80
Bank balance 475.38 302.16 338.42 410.96 531.63

Intangible / DRE not written off 91.11 58.00 31.00 13.04 2.31
Intangible assets (goodwill, etc.) 0.00 0.00 0.00 0.00 0.00
DRE not written off 91.11 58.00 31.00 13.04 2.31
Share issue expenses not written off 0.00 0.00 0.00 0.00 0.00
 VRS expenses not written off 0.00 0.00 0.00 0.00 0.00
Other misc. expenses not written off 91.11 58.00 31.00 13.04 2.31

Total assets 6,815.57 7,414.36 7,930.05 8,041.17 8,799.09

LIABILITIES
Rs. Crores Mar-95 Mar-96 Mar-97 Mar-98 Mar-99

Net worth 1,154.42 1,488.50 1,924.83 2,595.02 3,082.46

Authorised capital 325.00 325.00 325.00 325.00 325.00
Issued capital 244.76 244.76 244.76 244.76 244.76
Paid-up equity capital 244.76 244.76 244.76 244.76 244.76
Preference capital 0.00 0.00 0.00 0.00 0.00
Bonus equity capital 0.00 0.00 0.00 0.00 0.00
Buy back shares 0.00 0.00 0.00 0.00 0.00
Buy back amount 0.00 0.00 0.00 0.00 0.00

Reserves and surplus 1,000.77 1,301.74 1,711.07 2,363.30 2,840.01

Free reserves 906.75 1,217.92 1,637.75 2,298.41 2,787.95
Premium reserves 0.00 0.00 0.00 0.00 0.00
Other free reserves 906.75 1,217.92 1,637.75 2,298.41 2,787.95
Specific reserves 94.02 83.82 73.32 64.89 52.06
Revaluation reserves 0.00 0.00 0.00 0.00 0.00

Borrowings 1,075.96 1,028.92 895.70 387.22 167.78

Total bank borr. 3.48 149.94 153.70 0.00 0.00
Short term bank borr. 3.48 149.94 153.70 0.00 0.00
Long term bank borr. 0.00 0.00 0.00 0.00 0.00
Borr from financial institutions 211.35 172.42 132.82 93.29 67.98
Commercial papers 0.00 0.00 0.00 0.00 0.00
Debentures 0.00 0.00 0.00 0.00 0.00
Fixed deposits 0.02 0.02 0.00 0.02 0.02
Foreign borr 835.27 694.71 453.62 292.57 99.78
Borr from corporate bodies 0.00 0.00 150.00 0.00 0.00
Borr from group companies 0.00 0.00 0.00 0.00 0.00
Borr from other companies 0.00 0.00 150.00 0.00 0.00
Borr from promoters/directors 0.00 0.00 0.00 0.00 0.00
Borr from govt./sales tax loans 21.07 9.24 4.92 1.26 0.00

Current portion of long term debt 194.37 204.31 147.23 212.98 106.72
Secured borrowings 119.86 234.48 211.59 18.76 9.76
Unsecured borrowings 958.61 794.17 686.44 370.71 160.35
Foreign currency borrowings 835.27 694.71 453.62 292.57 99.78

Deferred tax liability 0.00 0.00 0.00 0.00 0.00

Current liabilities & Provisions

Current liabilities 3,352.15 3,734.02 3,693.76 3,241.43 3,397.19
Sundry creditors 561.00 757.16 725.33 1,096.25 1,299.21
Creditors for cap. goods 0.00 0.00 0.00 0.00 0.00
Accrued interest 17.18 13.02 13.99 7.53 4.03
Other current liabilities 2,773.97 2,963.84 2,954.44 2,137.65 2,093.95
Adv against work-in-progress 0.00 0.00 0.00 0.00 0.00
Share application money 0.00 0.00 0.00 0.00 0.00
 Provisions 1,141.93 1,104.92 1,384.76 1,804.46 2,149.35
Tax provisions 229.00 236.30 386.31 396.00 393.00
Dividend provisions 36.71 48.95 48.95 61.19 61.19
Dividend tax provisions 0.00 0.00 4.90 6.12 6.73
Other provisions 470.64 378.62 479.25 718.54 904.76

Total liabilities 6,815.57 7,414.36 7,930.05 8,041.17 8,799.09

Contingent Liabilities
Bills discounted 942.84 787.19 756.09 781.93 827.38
Total disputed taxes 522.55 562.52 546.14 740.04 791.78
Letters of credit 0.00 0.00 0.00 0.00 0.00
Total guarantees 1,245.86 1,272.35 1,261.87 1,786.23 2,121.44
Future lease payables 23.70 27.06 21.42 60.11 62.64
Liabilities on capital a/c 46.65 27.01 34.17 30.36 28.22
Mar 2000 Mar 2001 Mar 2002 Mar 2003

2,886.48 3,068.38 3,244.49 3,415.39

400.95 406.99 284.24 288.45
1,698.48 1,853.13 2,071.79 2,226.65
710.32 743.57 825.98 834.22
76.73 64.69 62.48 66.07
1,722.43 1,861.08 2,005.46 2,178.82
1,164.05 1,207.30 1,239.03 1,236.57

13.85 10.34 10.34 10.33

0.00 0.00 4.38 4.38
0.00 0.00 0.00 0.00
13.85 10.34 5.96 5.95

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00

0.00 0.00 464.24 551.98

1,793.87 2,034.76 1,994.24 2,001.06

742.09 759.19 737.74 790.60
635.58 660.36 648.46 710.74
106.51 98.83 89.28 79.86
1,051.78 1,275.57 1,256.50 1,210.46
205.58 221.06 194.05 283.66
846.20 1,054.51 1,062.45 926.80
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00

5,988.19 5,908.91 6,147.10 5,665.09

4,037.30 4,174.30 4,584.07 4,075.78
1,558.54 1,747.24 2,020.30 1,532.35
35.50 33.45 29.24 27.19
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
116.78 131.24 133.57 142.46
1,116.50 832.16 714.24 625.06
682.11 737.76 685.98 794.60

360.60 333.03 476.59 1,320.90

4.25 32.08 2.23 12.25
356.35 300.95 474.36 1,308.65

240.94 228.59 249.28 95.50

0.00 0.00 0.00 0.00
240.94 228.59 249.28 95.50
0.00 0.00 0.00 0.00
 240.94 228.59 249.28 95.50
0.00 0.00 0.00 0.00

9,561.50 9,722.93 10,580.82 10,881.43

Mar-00 Mar-01 Mar-02 Mar-03

3,357.73 3,601.78 4,220.33 4,708.17

325.00 325.00 325.00 325.00
244.76 244.76 244.76 244.76
244.76 244.76 244.76 244.76
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00

3,353.91 3,585.61 4,224.85 4,558.91

3,303.59 3,548.94 4,092.01 4,331.71
0.00 0.00 0.00 0.00
3,303.59 3,548.94 4,092.01 4,331.71
50.32 36.67 132.84 227.20
0.00 0.00 0.00 0.00

238.37 1,023.27 663.46 528.63

234.77 590.34 126.56 0.00
234.77 590.34 126.56 0.00
0.00 0.00 0.00 0.00
3.59 120.29 15.61 4.69
0.00 312.63 0.00 0.00
0.00 0.00 500.00 500.00
0.01 0.01 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00

0.00 0.00 135.59 11.21

196.00 500.00 500.28 500.00
44.70 525.60 165.52 31.09
0.00 0.00 0.00 0.00

0.00 0.00 159.62 144.59

3,423.15 3,559.77 4,071.20 3,952.06

1,470.25 1,659.96 1,884.93 1,833.86
0.00 0.00 0.00 0.00
3.27 5.45 21.24 19.55
1,949.63 1,894.36 2,165.03 2,098.65
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
2,301.31 1,309.52 1,216.93 1,452.48
311.01 0.00 245.51 342.00
73.43 73.43 97.90 97.90
12.12 7.49 0.00 12.54
1,115.84 524.59 563.77 614.60

9,561.50 9,722.93 10,580.82 10,881.43

641.51 454.78 306.10 203.36

842.20 1,056.13 0.00 0.00
0.00 0.00 0.00 0.00
2,318.13 2,486.33 2,687.08 2,776.85
0.00 72.38 50.63 36.31
106.03 118.09 117.62 94.09
Bharat Heavy Electricals Ltd.: Profit & Loss Statement
Rs in crore Mar-95 Mar-96 Mar-97 Mar-98 Mar-99
Sales 4,234.12 4,974.30 5,893.88 6,647.00 7,057.10
Other income 166.74 168.03 158.42 194.05 308.64
Expenses capitalised 0.00 0.00 0.00 0.00 0.00
Change in stocks 61.53 225.93 -20.07 -13.30 82.30
Raw material, stores, etc. 1,997.49 2,391.83 2,611.83 2,841.26 3,053.15
Power and fuel expenses 119.11 129.92 153.56 174.59 176.55
Total indirect taxes 353.56 424.97 502.93 576.32 619.45
Salaries and wages 681.72 1,036.57 873.86 952.46 1,241.60
Advertising expenses 0.00 0.00 0.00 0.00 0.00
Marketing expenses 6.96 3.19 4.35 7.27 0.33
Distribution expenses 0.00 0.00 0.00 0.00 0.00
Depreciation 92.32 96.82 107.97 115.86 132.33
Lease rent 0.00 0.00 0.00 0.00 0.00
Other financial charges 21.63 41.91 0.01 2.36 0.13
Tax provisions 229.00 236.30 386.31 396.00 393.00
PAT 140.93 350.16 463.19 719.53 544.63
PBDIT 587.78 838.10 1,116.62 1,293.43 1,103.34
PBDT 462.25 683.28 957.47 1,231.39 1,069.96
PBT 369.93 586.46 849.50 1,115.53 937.63
Dividends 36.71 48.95 53.85 67.31 67.92
Retained profits 104.22 301.21 409.34 652.22 476.71
DPS 1.50 2.00 2.00 2.50 2.50
Adjusted Closing Price 107.50 182.00 393.50 393.00 169.50
EPS 5.76 14.31 18.92 29.40 22.25
Mar-00 Mar-01 Mar-02 Mar-03
6,991.31 6,753.90 7,656.89 7,839.46
124.49 117.87 132.94 172.63
0.00 0.00 0.00 0.00
-23.70 250.72 -43.12 -51.24
2,815.91 3,053.47 3,306.77 3,160.38
182.12 194.70 185.69 199.96
626.72 646.81 704.71 743.41
1,132.97 2,170.20 1,444.61 1,504.64
0.00 0.00 0.00 0.00
8.45 21.51 36.97 51.85
0.00 0.00 0.95 10.71
140.86 148.40 163.83 186.13
0.00 0.00 0.00 0.00
2.04 0.00 0.90 0.02
311.01 0.00 245.51 342.00
599.44 312.61 467.95 444.51
1,075.00 504.77 974.26 1,027.42
1,051.31 461.01 877.29 972.64
910.45 312.61 713.46 786.51
85.54 80.92 97.91 110.45
513.90 231.69 370.04 334.06
3.00 3.00 4.00 4.00
100.30 157.35 167.55 229.65
24.49 12.77 19.12 18.16
Bharat Heavy Electricals Ltd.: Cash Flow Statement
Mar-95 Mar-96 Mar-97 Mar-98
Net Profit Before Tax & Extra Ord. Items 365.08 582.33 864.40 1,021.67
Depreciation 92.33 96.82 108.02 124.18
Interest Payable 103.90 112.91 159.14 59.68
Foreign exchange gain/loss 49.50 47.55 -14.91 7.18
Write offs/amortisations 0.00 0.00 27.00 17.96
Profit on Sale of Investment 0.00 0.00 -21.14 0.00
Profit on Sale of Assets -0.49 -0.48 -0.46 -0.17
Interest Income -113.14 -111.68 -83.95 -130.36
Dividend Income 0.00 0.00 0.00 0.00
Other Income Adjustments 0.00 0.00 0.00 -0.27

Cash Flow Before working capital change 537.18 760.56 1,038.10 1,099.87
Trade and Other Receivables -164.03 -309.73 -335.50 68.81
Inventories -190.83 -314.32 -66.99 163.21
Trade Payables 642.64 248.33 -26.63 -171.05

Cash Flow from operations 824.96 384.84 608.98 1,160.84

Interest paid -103.47 -116.89 -158.17 -66.14
Direct taxes paid -250.88 -253.20 -345.27 -383.38
Dividend tax paid 0.00 0.00 0.00 0.00

Cash Flow Before Extra Ordinary Items 470.61 14.75 105.54 711.32
Extra Ordinary Items 0.00 0.00 0.00 0.00

Cash flow from Operating Activities 470.61 14.75 105.54 711.32

Net Cash used in Investing Activities 2.78 -21.73 67.12 -76.83

Purchase of Fixed Assets -103.15 -138.60 -247.49 -328.36
Sale of Fixed Assets 1.16 2.62 5.32 2.36
Acquisition of Companies 0.00 0.00 0.00 0.00
Purchase of Investment -17.64 0.00 0.00 -0.24
Sale of Investment 0.00 0.00 223.14 115.86
Project Expenses 0.00 0.00 0.00 0.00
Loans to Subsidiary/Group cos 0.00 0.00 0.00 0.00
Loans to Other Companies 0.00 0.00 0.00 -4.38
Interest Received 122.41 114.25 86.15 137.93
Dividend Received 0.00 0.00 0.00 0.00
Other Income 0.00 0.00 0.00 0.00

Net Cash used in Financing Activity -394.27 -277.95 -52.22 -535.42

Proceeds from Share Issue 0.00 0.00 0.00 0.00
Proceeds from Total Borr. 0.00 0.00 0.00 0.00
Proceeds from Long Term Borr. 0.00 0.00 0.00 0.00
Proceeds from Short Term Borr. 0.00 0.00 268.75 0.00
Repayment of Long Term Borr. -357.56 -241.25 -272.06 -481.59
Repayment of Short Term Borr. 0.00 0.00 0.00 0.00
Share Issue Expenses 0.00 0.00 0.00 0.00
Dividend Paid -36.71 -36.70 -48.91 -53.83
Other Financing Activity 0.00 0.00 0.00 0.00
Net Cash Flow 79.12 -284.93 120.44 99.07

Opening cash balance 401.61 480.73 195.80 316.24

Closing cash balance
Closing cash balance 480.73 195.80 316.24 415.31
Mar-99 Mar-00 Mar-01 Mar-02 Mar-03
943.08 915.93 450.32 862.83 956.22
143.32 154.11 157.72 169.53 185.33
31.66 21.66 43.76 96.98 54.47
7.67 0.00 0.48 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 -0.22 0.00 0.00 0.02
-0.32 -1.20 -1.64 -1.84 -3.51
-224.53 -47.68 -46.51 -55.09 -67.81
0.00 0.00 0.00 0.00 0.00
0.07 0.00 0.00 -5.37 0.78

900.95 1,042.60 604.13 1,067.04 1,125.50

-282.17 -715.35 -318.66 -342.77 394.68
-105.40 52.45 -268.46 40.51 -6.83
346.39 206.77 -425.92 517.74 -70.58

859.77 586.47 -408.91 1,282.52 1,442.77

-35.16 -22.42 -41.58 -81.19 -56.17
-381.68 -335.30 0.00 -261.14 -199.34
0.00 0.00 0.00 0.00 0.00

442.93 228.75 -450.49 940.19 1,187.26

0.00 -289.13 -125.36 -220.68 -0.01

442.93 -60.38 -575.85 719.51 1,187.25

-26.51 -119.05 -150.81 -135.23 -110.26

-260.24 -181.50 -199.35 -207.14 -186.65
3.46 4.18 0.00 13.09 6.53
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
8.93 4.98 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
221.34 53.29 48.54 58.82 69.86
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

-294.30 2.60 429.76 -440.73 -232.67

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 636.46 0.00
0.00 196.00 531.21 0.00 0.00
-227.11 0.00 -16.13 0.00 -134.54
0.00 -125.41 0.00 -996.27 -0.28
0.00 0.00 0.00 0.00 0.00
-67.19 -67.99 -85.32 -80.92 -97.85
0.00 0.00 0.00 0.00 0.00
122.12 -176.83 -296.90 143.55 844.32

415.31 537.43 360.60 333.04 476.59

537.43 360.60 63.70 476.59 1,320.91

Bharat Heavy Electricals Ltd.

Closing Index
Year Price Closing
BSE
Sensex
Mar-95 115.00 3,260.96
Apr-95 107.50 3,133.28
May-95 121.00 3,351.48
Jun-95 121.00 3,247.36
Jul-95 110.00 3,386.97
Aug-95 104.00 3,346.76
Sep-95 106.00 3,493.21
Oct-95 95.00 3,423.47
Nov-95 80.00 2,994.29
Dec-95 88.00 3,110.49
Jan-96 83.50 2,931.84
Feb-96 110.00 3,391.99
Mar-96 122.50 3,366.61
Apr-96 182.00 3,826.72
May-96 176.00 3,724.97
Jun-96 179.50 3,812.52
Jul-96 173.25 3,536.94
Aug-96 176.50 3,514.61
Sep-96 178.75 3,239.48
Oct-96 182.50 3,163.78
Nov-96 195.50 2,890.50
Dec-96 208.00 3,085.20
Jan-97 222.00 3,382.47
Feb-97 260.00 3,651.91
Mar-97 292.50 3,360.89
Apr-97 393.50 3,841.11
May-97 419.75 3,755.10
Jun-97 378.75 4,256.09
Jul-97 426.75 4,305.76
Aug-97 385.00 3,876.08
Sep-97 362.50 3,902.03
Oct-97 385.25 3,803.24
Nov-97 340.25 3,560.29
Dec-97 347.00 3,658.98
Jan-98 270.00 3,224.36
Feb-98 320.00 3,622.22
Mar-98 360.00 3,892.75
Apr-98 393.00 4,006.81
May-98 360.50 3,686.39
Jun-98 251.00 3,250.69
Jul-98 215.50 3,211.31
Aug-98 229.90 2,933.85
Sep-98 281.20 3,102.29
Oct-98 236.50 2,812.49
Nov-98 234.20 2,810.66
Dec-98 262.60 3,055.41
Jan-99 257.30 3,315.57
Feb-99 245.60 3,399.63
Mar-99 237.50 3,739.96
Apr-99 169.50 3,325.69
May-99 203.90 3,963.56
Jun-99 246.00 4,140.73
Jul-99 256.00 4,542.34
Aug-99 317.00 4,898.21
Sep-99 273.00 4,764.42
Oct-99 268.00 4,444.56
Nov-99 241.50 4,622.21
Dec-99 210.00 5,005.82
Jan-00 173.90 5,205.29
Feb-00 144.10 5,446.98
Mar-00 125.00 5,001.28
Apr-00 100.30 4,657.55
May-00 121.20 4,433.61
Jun-00 133.45 4,748.77
Jul-00 118.85 4,279.86
Aug-00 132.70 4,477.31
Sep-00 104.00 4,090.38
Oct-00 102.55 3,711.02
Nov-00 128.45 3,997.99
Dec-00 163.50 3,972.12
Jan-01 167.50 4,326.72
Feb-01 161.85 4,247.04
Mar-01 142.00 3,604.38
Apr-01 157.35 3,519.16
May-01 188.15 3,631.91
Jun-01 176.40 3,456.78
Jul-01 153.95 3,329.28
Aug-01 153.75 3,244.95
Sep-01 119.55 2,811.60
Oct-01 129.80 2,989.35
Nov-01 146.15 3,287.56
Dec-01 140.60 3,262.33
Jan-02 147.80 3,311.03
Feb-02 168.15 3,562.31
Mar-02 168.85 3,469.35
Apr-02 167.55 3,338.16
May-02 152.55 3,125.73
Jun-02 177.60 3,244.70
Jul-02 174.30 2,987.65
Aug-02 177.20 3,181.23
Sep-02 159.65 2,991.36
Oct-02 149.50 2,949.32
Nov-02 164.85 3,228.82
Dec-02 172.60 3,377.28
Jan-03 178.25 3,250.38
Feb-03 210.05 3,283.66
Mar-03 223.40 3,048.72
Apr-03 229.65 2,959.79
May-03 256.65 3,180.75
Jun-03 268.95 3,607.13
Jul-03 263.65 3,792.61
Aug-03 351.10 4,244.73
Sep-03 404.05 4,453.24
Oct-03 481.50 4,906.87
Nov-03 446.10 5,044.82
Dec-03 507.95 5,838.96
Jan-04 512.75 5,695.67
Feb-04 580.90 5,667.51
Mar-04 604.50 5,590.60
Apr-04 586.35 5,655.09