Asian Paints (India) Ltd.

: Balance Sheet
ASSETS
Rs. Crores Mar-93 Mar-94 Mar-95 Mar-96 Mar-97

Gross fixed assets 113.95 123.41 137.35 203.78 272.08

Land & building 28.29 29.91 34.08 37.97 53.89
Plant & machinery 73.68 73.40 79.69 106.07 149.30
Other fixed assets 11.05 16.83 19.15 20.62 27.31
Capital WIP 0.93 3.27 4.43 39.12 41.58
Less: cummulative depreciation 39.35 40.66 48.11 66.77 77.80
Net fixed assets 74.60 82.75 89.24 137.01 194.28

Investments 17.25 34.81 38.24 26.54 28.55

In group / associate cos. 0.48 0.47 0.72 0.96 0.96
In mutual funds 15.39 30.92 30.89 16.25 13.77
Other investments 1.38 3.42 6.63 9.33 13.82

Marketable investment 15.44 33.03 35.72 20.89 20.99

In group / associate cos. 0.01 0.00 0.01 0.01 0.01
Quoted investment 15.44 31.00 29.23 16.45 12.98
Market value of quoted investment 16.47 36.55 35.42 18.25 15.59

Deferred tax assets 0.00 0.00 0.00 0.00 0.00

Inventories 69.57 76.92 128.76 145.91 140.25

Raw materials and stores 25.16 30.32 52.38 52.01 47.88
Raw materials 25.16 30.32 52.38 52.01 47.88
Stores and spares 0.00 0.00 0.00 0.00 0.00
Finished and semi-finished goods 44.41 46.60 76.38 93.90 92.37
Finished goods 35.91 37.90 59.37 73.83 72.66
Semi-finished goods 8.50 8.70 17.01 20.07 19.71
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 78.82 87.34 110.79 138.77 151.39

Sundry debtors 39.40 33.61 49.10 59.90 66.92
Debtors exceeding six months 1.06 0.86 1.17 1.83 2.15
Accrued income 0.13 0.25 0.12 0.20 0.55
Advances / loans to corporate bodies 9.45 9.42 7.64 6.84 14.09
Group / associate cos. 9.45 9.42 7.64 6.84 6.84
Other cos. 0.00 0.00 0.00 0.00 7.25
Deposits with govt. / agencies 2.16 1.94 2.48 2.99 3.98
Advance payment of tax 16.39 23.29 37.32 39.13 37.80
Other receivables 11.29 18.83 14.13 29.71 28.05

Cash & bank balance 10.31 5.13 7.58 21.61 19.73

Cash in hand 0.16 0.23 0.33 0.25 0.20
Bank balance 10.15 4.90 7.25 21.36 19.53

Intangible / DRE not written off 0.78 1.13 0.81 0.52 0.29
Intangible assets (goodwill, etc.) 0.00 0.00 0.00 0.00 0.00
DRE not written off 0.78 1.13 0.81 0.52 0.29
 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 0.78 1.13 0.81 0.52 0.29

Total assets 251.33 288.08 375.42 470.36 534.49

LIABILITIES
Rs. Crores Mar-93 Mar-94 Mar-95 Mar-96 Mar-97

Net worth 113.58 135.55 166.81 203.61 226.12

Authorised capital 34.50 34.50 34.50 99.50 99.50
Issued capital 19.91 19.91 19.91 99.50 40.12
Paid-up equity capital 19.91 19.91 19.91 40.12 40.12
Preference capital 0.00 0.00 0.00 0.00 0.00
Bonus equity capital 18.13 18.13 18.13 38.04 38.04
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 94.45 116.77 147.71 164.01 186.29

Free reserves 85.09 106.59 141.06 158.97 183.92
Premium reserves 0.00 0.00 0.00 0.00 0.00
Other free reserves 85.09 106.59 141.06 158.97 183.92
Specific reserves 9.36 10.18 6.65 5.04 2.37
Revaluation reserves 0.00 0.00 0.00 0.00 0.00

Borrowings 71.50 72.34 93.31 138.42 140.56

Total bank borr. 13.46 15.76 57.26 104.92 103.13
Short term bank borr. 8.08 15.13 47.26 84.92 63.13
Long term bank borr. 5.38 0.63 10.00 20.00 40.00
Borr from financial institutions 6.64 5.69 0.03 0.00 0.00
Commercial papers 15.00 20.00 10.00 0.00 3.00
Debentures 15.12 7.56 5.01 3.34 1.67
Fixed deposits 19.80 22.26 11.65 18.53 21.34
Foreign borr 0.00 0.00 0.00 0.00 0.00
Borr from corporate bodies 0.01 0.00 1.00 0.13 0.17
Borr from group companies 0.00 0.00 0.00 0.00 0.00
Borr from other companies 0.01 0.00 1.00 0.13 0.17
Borr from promoters/directors 0.00 0.00 0.00 0.00 0.00
Borr from govt./sales tax loans 0.00 0.00 7.33 10.59 10.49

Current portion of long term debt 9.71 17.79 10.69 5.21 2.03
Secured borrowings 35.22 29.01 69.63 118.86 94.42
Unsecured borrowings 36.27 44.44 24.28 20.53 47.25
Foreign currency borrowings 0.00 0.00 0.00 0.00 31.61

Deferred tax liability 0.00 0.00 0.00 0.00 0.00

Current liabilities & Provisions

Current liabilities 23.28 26.86 38.15 55.61 70.90
Sundry creditors 6.97 8.44 20.41 20.72 23.02
Creditors for cap. goods 0.00 0.00 0.00 0.00 0.00
Accrued interest 2.38 3.02 1.55 1.85 2.20
Other current liabilities 13.93 15.40 16.19 33.04 45.68
 Adv against work-in-progress 0.00 0.00 0.00 0.00 0.00
Share application money 0.01 0.00 0.01 0.03 0.03
Provisions 42.19 52.20 76.34 72.20 96.62
Tax provisions 12.50 16.50 29.00 27.00 30.00
Dividend provisions 6.57 9.96 12.94 16.19 30.09
Dividend tax provisions 0.00 0.00 0.00 0.00 3.01
Other provisions 20.86 23.01 32.85 27.99 32.41

Total liabilities 251.33 288.08 375.42 470.36 534.49

Contingent Liabilities
Bills discounted 0.00 0.00 0.00 0.00 0.00
Total disputed taxes 0.00 0.00 0.00 0.00 0.00
Letters of credit 0.00 0.00 0.00 0.00 20.38
Total guarantees 6.50 19.53 14.24 18.15 0.00
Future lease payables 0.00 0.00 0.00 0.00 0.00
Liabilities on capital a/c 0.69 2.48 3.92 15.54 18.30
Mar-98 Mar 1999 Mar 2000 Mar 2001 Mar 2002 Mar 2003 Mar 2004

350.86 423.16 474.58 555.38 588.73 609.57 635.44

78.65 113.03 122.62 123.47 127.74 123.50 129.07
183.10 223.88 249.94 299.34 323.01 359.17 374.54
42.17 73.69 95.61 122.04 133.21 122.93 121.91
46.94 12.56 6.41 10.53 4.77 3.97 9.92
94.18 116.29 141.29 172.43 212.97 252.63 293.25
256.68 306.87 333.29 382.95 375.76 356.94 342.19

46.07 50.62 47.54 44.10 67.03 151.41 249.29

9.78 14.78 20.45 36.33 55.69 144.25 164.36
15.35 20.34 13.87 0.03 0.03 0.02 4.01
20.94 15.50 13.22 7.74 11.31 7.14 80.92

27.96 23.15 14.09 0.41 0.13 0.16 81.39

0.01 0.01 0.01 0.01 0.00 0.01 0.01
10.59 10.45 14.10 0.41 0.13 0.14 77.38
18.26 11.77 15.96 2.99 3.21 3.09 74.81

0.00 0.00 0.00 0.00 5.46 6.89 9.66

165.97 160.89 186.12 198.91 155.95 206.89 211.49

61.08 53.66 58.54 60.56 55.20 73.34 73.15
61.08 53.48 55.76 56.83 51.85 69.21 68.14
0.00 0.18 2.78 3.73 3.35 4.13 5.01
104.89 107.23 127.58 138.35 100.75 133.55 138.34
81.60 86.58 106.50 114.50 88.26 119.84 122.26
23.29 20.65 21.08 23.85 12.49 13.71 16.08
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

159.25 145.12 179.25 240.29 192.07 192.33 218.93

80.74 79.95 86.67 121.65 118.96 117.40 137.92
3.37 2.62 4.39 6.22 1.50 3.62 2.48
0.63 0.50 0.23 0.43 0.96 0.09 0.08
0.00 6.55 10.22 7.47 32.78 23.62 16.02
0.00 6.55 10.22 7.47 32.52 23.62 16.02
0.00 0.00 0.00 0.00 0.26 0.00 0.00
3.62 3.18 3.05 2.36 2.77 4.04 5.73
38.42 30.51 46.73 55.04 0.00 9.55 0.00
35.84 24.43 32.35 53.34 36.60 37.63 59.18

19.58 22.34 18.98 11.85 22.13 27.20 24.55

0.28 0.38 0.33 0.34 0.19 0.22 0.23
19.30 21.96 18.65 11.51 21.94 26.98 24.32

0.11 0.00 5.91 4.10 16.07 11.40 8.26

0.00 0.00 0.00 0.00 10.93 11.40 8.26
0.11 0.00 5.91 4.10 5.14 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
0.11 0.00 5.91 4.10 5.14 0.00 0.00

647.66 685.84 771.09 882.20 834.47 953.06 1,064.37

Mar-98 Mar-99 Mar-00 Mar-01 Mar-02 Mar-03 Mar-04

260.39 304.51 351.50 407.10 405.42 476.63 531.54

99.50 99.50 99.50 99.50 99.50 99.50 99.50
40.12 40.12 40.12 64.19 64.19 64.19 95.92
40.12 40.12 40.12 64.19 64.19 64.19 95.92
0.00 0.00 0.00 0.00 0.00 0.00 0.00
38.04 38.04 38.04 62.11 62.11 62.11 93.99
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

220.38 264.39 317.29 347.01 346.37 412.44 435.62

212.18 243.69 286.59 306.51 313.37 393.56 430.87
0.00 0.00 0.00 0.00 0.00 0.00 0.00
212.18 243.69 286.59 306.51 313.37 393.56 430.87
8.20 20.70 30.70 40.50 33.00 18.88 4.75
0.00 0.00 0.00 0.00 0.00 0.00 0.00

191.54 216.11 162.26 226.40 110.69 103.61 70.47

63.49 47.48 33.87 73.66 8.96 24.64 9.08
63.49 47.48 33.87 73.66 8.96 24.64 9.08
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 7.24 4.64 0.00 0.00 0.00
15.00 20.00 20.00 15.00 0.00 0.00 0.00
60.00 100.00 85.00 85.00 65.00 36.75 8.50
23.70 15.96 12.07 8.83 2.02 0.40 0.33
11.85 12.73 0.00 0.00 0.00 0.00 0.00
4.42 1.11 0.25 12.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
4.42 1.11 0.25 12.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
10.08 10.39 3.83 8.71 0.00 0.00 0.00

16.85 20.21 7.59 29.64 32.26 28.34 8.52

145.42 168.94 123.36 163.46 76.45 64.16 22.92
47.43 47.92 39.46 63.35 34.31 39.45 47.55
11.85 12.73 2.75 0.00 0.00 0.00 9.08

0.00 0.00 0.00 0.00 66.63 65.05 58.32

101.90 83.40 129.15 105.97 148.53 207.74 269.44

38.09 29.66 52.51 72.75 98.81 157.85 218.72
0.00 0.00 0.00 0.00 0.00 0.00 0.00
3.16 1.63 1.26 1.15 0.40 0.20 0.19
60.65 52.11 75.38 32.07 49.32 49.69 50.53
 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.03 0.03 0.03 0.03 0.00 0.00 0.00
93.72 81.82 122.27 138.63 98.06 100.03 134.60
33.00 24.00 45.75 49.50 66.09 84.50 88.00
16.05 18.05 24.07 25.67 35.30 41.72 47.96
1.60 1.99 2.65 2.62 0.00 5.34 6.15
41.27 30.95 42.97 54.05 58.74 52.97 80.26

647.66 685.84 771.09 882.20 834.47 953.06 1,064.37

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 2.27 4.16 11.87 19.13 0.00 0.00
21.37 17.27 19.66 16.91 25.49 38.95 50.96
1.62 1.69 0.00 0.00 2.71 33.54 118.75
0.00 0.00 0.00 0.00 0.00 1.63 2.92
40.16 10.01 6.76 4.11 5.94 4.74 37.88
Asian Paints (India) Ltd.: Profit & Loss Statement
(Rs crore) Mar-93 Mar-94 Mar-95 Mar-96 Mar-97 Mar-98 Mar-99
Sales 519.36 573.19 707.82 903.66 938.11 1046.8 1158.38
Other income 3 6.59 9.02 8.32 7 8.13 11.87
Expenses capitalised 0 0 0 0 0 0 0
Change in stocks -2.97 2.19 29.78 16.87 -1.53 12.52 2.33
Raw material, stores, etc. 241.22 273.27 360.3 487.96 465.01 508.92 561.09
Power and fuel expenses 4.75 5.88 6.69 12.52 15.19 16.88 18.02
Total indirect taxes 134.01 135.76 158.56 151.19 158.51 161.56 174.18
Salaries and wages 20.19 21.54 26.23 32.85 40.69 43.27 49.24
Advertising expenses 5.24 6.96 9.57 16.82 16.31 20.85 26.75
Marketing expenses 32.01 45.87 52.24 63.22 55.73 96.86 105.44
Distribution expenses 9.47 10.95 14.76 20.48 23.98 28.16 32.95
Depreciation 7.78 7 7.67 9.02 12.11 16.99 22.69
Lease rent 0 0 0 0 0 0 0
Other financial charges 1.75 2.36 2.27 0 1.34 2.32 4.76
Tax provisions 12.5 16.5 29 27 30 33 24
PAT 19.8 26.76 43.89 52.2 55.38 67.19 79.49

PBDIT 53.72 60.71 90.83 102.39 119.17 136.76 148.51

PBDT 40.08 50.26 80.56 88.22 97.49 117.18 126.18
PBT 32.3 43.26 72.89 79.2 85.38 100.19 103.49
Dividends 6.57 9.96 12.94 16.19 33.1 33.1 35.48
Retained profits 13.23 16.8 30.95 36.01 22.28 34.09 44.01
DPS 6.5 4.04 7.5 7.5 8 10 7
Adjusted Closing Price 123.95 193.73 125.61 128.42 83.37
EPS 22.04 13.01 13.8 16.75 19.81
Mar-00 Mar-01 Mar-02 Mar-03 Mar-04
1383.55 1526.01 1662.33 1887.7 2111.08
7.68 7.07 11.32 9.01 14.09
0 0 0 0 0
20.34 10.77 -38.15 31.6 5.88
660.09 715.14 777.74 872.27 987.18
20.59 22.13 24.4 23.02 22.83
189.52 203.63 211.62 246.43 277.24
58.52 73.09 92.27 106.73 101.87
35.08 44.19 63.5 70.76 68.24
142.41 132.07 128.99 145.82 181.06
40.96 50.62 0 60.9 69.73
27.84 31.58 41.78 48.52 48.01
0 0 0 0.83 2.26
0 4.26 1.9 4.18 3.43
45.75 49.5 66.09 84.5 88
97.43 105.58 114.31 142.01 147.79

191.31 208.78 236.77 288.39 294.76

171.02 186.66 222.18 275.03 283.8
143.18 155.08 180.4 226.51 235.79
44.53 51.79 60.06 75.95 91.98
52.9 53.79 54.25 66.06 55.81
9 11 8.5
169.19 173.35 214.65 221.28 308.3
24.29 16.45 17.81 22.12 15.41
Asian Paints (India) Ltd.: Cash Flow Statement
(Rs crore) Mar-93 Mar-94 Mar-95 Mar-96 Mar-97 Mar-98

Net Profit Before Tax & Extra Ord. Items 0 0 72.52 81.45 85.38 100.5
Depreciation 0 0 7.67 9.02 12.11 16.99
Interest Payable 0 0 10.27 14.17 21.68 19.58
Foreign exchange gain/loss 0 0 0 0 0 0
Write offs/amortisations 0 0 0.32 0.29 0.23 0.18
Profit on Sale of Investment 0 0 -0.95 -0.77 -0.14 -1.32
Profit on Sale of Assets 0 0 -0.17 0.06 -0.04 0.19
Interest Income 0 0 -7.23 -6.45 -5.17 -5.25
Dividend Income 0 0 0 0 0 0
Other Income Adjustments 0 0 0 0 -0.01 -0.31

Cash Flow Before working capital change 0 0 82.43 97.77 114.04 130.56
Trade and Other Receivables 0 0 -9.56 -26.1 -13.55 -7.2
Inventories 0 0 -51.85 -17.14 5.65 -25.71
Trade Payables 0 0 22.65 12.25 19.3 38.61

Cash Flow from operations 0 0 43.67 66.78 125.44 136.26

Interest paid 0 0 -11.73 -13.87 -21.33 -18.63
Direct taxes paid 0 0 -31.72 -31.34 -25.59 -29.92
Dividend tax paid 0 0 0 0 0 0

Cash Flow Before Extra Ordinary Items 0 0 0.22 21.57 78.52 87.71
Extra Ordinary Items 0 0 0.37 -1.22 0 0

Cash flow from Operating Activities 0 0 0.59 20.35 78.52 87.71

Net Cash used in Investing Activities 0 0 -9.11 -38.75 -66.41 -90.6

Purchase of Fixed Assets 0 0 -14.3 -49.58 -69.71 -80.66
Sale of Fixed Assets 0 0 0.3 1.26 0.35 1.09
Acquisition of Companies 0 0 0 -9.27 0 0
Purchase of Investment 0 0 -13.54 -3 -5.5 -23.23
Sale of Investment 0 0 11.06 15.47 3.63 7.04
Project Expenses 0 0 0 0 0 0
Loans to Subsidiary/Group cos 0 0 0 0 0 0
Loans to Other Companies 0 0 0 0 0 0
Interest Received 0 0 1.81 0.68 1.72 2.35
Dividend Received 0 0 5.56 5.69 3.1 2.81
Other Income 0 0 0 0 0 0

Net Cash used in Financing Activity 0 0 10.97 32.44 -14 2.74

Proceeds from Share Issue 0 0 0 0 0 0
Proceeds from Total Borr. 0 0 0 0 0 0
Proceeds from Long Term Borr. 0 0 1.67 35.98 35.38 67.19
Proceeds from Short Term Borr. 0 0 43.13 37.68 23.94 48.23
Repayment of Long Term Borr. 0 0 -15.62 -1.81 -2.03 -42.13
Repayment of Short Term Borr. 0 0 -8.2 -26.53 -55.16 -22.29
Share Issue Expenses 0 0 0 0 0 0
Dividend Paid 0 0 -10.01 -12.88 -16.13 -48.26
 Other Financing Activity 0 0 0 0 0 0

Net Cash Flow 0 0 2.45 14.04 -1.89 -0.15

Opening cash balance 0 0 5.13 7.58 21.62 19.73

Closing cash balance 0 0 7.58 21.62 19.73 19.58

Mar-99 Mar-00 Mar-01 Mar-02 Mar-03 Mar-04

93.81 143.09 155.89 181.41 224.85 231.13

22.69 27.84 31.58 41.78 48.52 48.01
22.33 20.29 22.12 14.58 8.35 5.27
0.66 0.13 0.77 0.26 0 0
0.11 0 1.81 3.01 0 0
-1.54 -1.62 -0.34 -1.07 0.37 -0.17
0.12 0.55 -0.67 -0.06 0.88 0.35
-5.54 -1.62 -1.11 -1.51 -1.09 -3.71
-2.42 -2.04 -1.35 -1.85 -2.36 -1.55
0 0 0 0 0 0

130.22 186.62 208.7 236.55 279.52 286.14

5.25 -24.34 -56.54 -9.92 8.42 -41.97
5.08 -25.23 -12.79 42.97 -50.95 -4.59
-27.6 46.54 4.78 48.64 53.7 81.86

112.95 183.59 144.15 318.24 290.69 321.44

-23.86 -20.66 -22.12 -14.98 -8.6 -5.29
-20.05 -40.23 -54.05 -58.25 -98.07 -78.22
0 0 0 0 0 0

69.04 122.7 67.98 245.01 184.02 237.93

9.68 -5.82 -0.81 -5.08 -1.36 0.21

78.72 116.88 67.17 239.93 182.66 238.14

-67.09 -40 -76.48 -60.84 -106.32 -122.98

-74.18 -58.12 -76.51 -46.01 -33.06 -32.23
1.18 3.33 0.96 0.54 7.15 1.76
0 0 0 0 0 0
-15.03 -12.88 -16.89 -131.96 -149.07 -98.89
12.85 23.74 13.69 113.77 64.34 1.11
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
5.67 1.9 0.92 0.97 1.96 3.72
2.42 2.03 1.35 1.85 2.36 1.55
0 0 0 0 0 0

-8.88 -80.24 2.17 -168.8 -71.28 -117.8

0 0 0 0 0 0
0 0 0 0 0 0
55.08 7.31 0 5.33 9.43 11.2
5 2.75 65.96 0 15.68 9.08
-1.51 -29.35 -5.19 -35.05 -32.42 -28.84
-34.66 -23.08 -8.39 -86.33 0 -24.64
0 0 0 0 0 0
-32.79 -37.87 -50.21 -52.75 -63.97 -84.6
 0 0 0 0 0 0

2.75 -3.36 -7.14 10.29 5.06 -2.64

19.59 22.34 18.98 11.84 22.13 27.19

22.34 18.98 11.84 22.13 27.19 24.55

Asian Paints (India) Ltd.

BSE
Asian Sensex
Closing Index
Year Price Closing
Mar-95 575.00 3260.96
Apr-95 595.00 3133.28
May-95 635.00 3351.48
Jun-95 644.00 3247.36
Jul-95 676.00 3386.97
Aug-95 660.00 3346.76
Sep-95 646.00 3493.21
Oct-95 628.00 3423.47
Nov-95 280.00 2994.29
Dec-95 316.00 3110.49
Jan-96 332.00 2931.84
Feb-96 355.00 3391.99
Mar-96 342.50 3366.61
Apr-96 465.00 3826.72
May-96 414.25 3724.97
Jun-96 436.25 3812.52
Jul-96 369.00 3536.94
Aug-96 367.50 3514.61
Sep-96 334.75 3239.48
Oct-96 322.00 3163.78
Nov-96 277.25 2890.5
Dec-96 295.50 3085.2
Jan-97 278.75 3382.47
Feb-97 290.50 3651.91
Mar-97 279.50 3360.89
Apr-97 301.50 3841.11
May-97 299.50 3755.1
Jun-97 368.00 4256.09
Jul-97 359.25 4305.76
Aug-97 302.00 3876.08
Sep-97 300.50 3902.03
Oct-97 304.75 3803.24
Nov-97 279.75 3560.29
Dec-97 301.00 3658.98
Jan-98 294.50 3224.36
Feb-98 303.50 3622.22
Mar-98 312.00 3892.75
Apr-98 308.25 4006.81
May-98 294.80 3686.39
Jun-98 243.00 3250.69
Jul-98 310.80 3211.31
Aug-98 295.90 2933.85
Sep-98 298.75 3102.29
Oct-98 294.00 2812.49
Nov-98 298.00 2810.66
Dec-98 284.50 3055.41
Jan-99 261.90 3315.57
Feb-99 245.50 3399.63
Mar-99 253.00 3739.96
Apr-99 200.10 3325.69
May-99 238.00 3963.56
Jun-99 309.75 4140.73
Jul-99 340.00 4542.34
Aug-99 412.70 4898.21
Sep-99 405.00 4764.42
Oct-99 383.25 4444.56
Nov-99 389.10 4622.21
Dec-99 370.00 5005.82
Jan-00 460.00 5205.29
Feb-00 375.00 5446.98
Mar-00 425.00 5001.28
Apr-00 406.10 4657.55
May-00 425.00 4433.61
Jun-00 400.20 4748.77
Jul-00 279.35 4279.86
Aug-00 258.60 4477.31
Sep-00 220.05 4090.38
Oct-00 240.05 3711.02
Nov-00 251.90 3997.99
Dec-00 276.60 3972.12
Jan-01 264.85 4326.72
Feb-01 269.40 4247.04
Mar-01 246.20 3604.38
Apr-01 260.05 3519.16
May-01 254.75 3631.91
Jun-01 250.00 3456.78
Jul-01 255.50 3329.28
Aug-01 262.25 3244.95
Sep-01 271.00 2811.6
Oct-01 268.50 2989.35
Nov-01 273.80 3287.56
Dec-01 271.50 3262.33
Jan-02 264.00 3311.03
Feb-02 304.90 3562.31
Mar-02 328.05 3469.35
Apr-02 322.00 3338.16
May-02 292.15 3125.73
Jun-02 324.30 3244.7
Jul-02 326.85 2987.65
Aug-02 340.30 3181.23
Sep-02 340.55 2991.36
Oct-02 329.90 2949.32
Nov-02 325.00 3228.82
Dec-02 324.65 3377.28
Jan-03 329.50 3250.38
Feb-03 315.90 3283.66
Mar-03 330.10 3048.72
Apr-03 331.95 2959.79
May-03 377.35 3180.75
Jun-03 378.20 3607.13
Jul-03 398.90 3792.61
Aug-03 307.90 4244.73
Sep-03 303.60 4453.24
Oct-03 273.30 4906.87
Nov-03 308.50 5044.82
Dec-03 336.15 5838.96
Jan-04 322.05 5695.67
Feb-04 299.95 5667.51
Mar-04 303.80 5590.6
Apr-04 308.30 5655.09