This is where OpEx come into play. As the name suggests, non-operating expenses is an umbrella term for expenses that dont take place due to a companys routine activities. In the simplest of terms, COGS include the beginning inventory plus inventory purchases minus the ending inventory. Basically non-operating expenses are the expenses that dont arise out of the principal activities of the business and so they are usually captured below the operating results from continuing operations on a companys income statement. But the management should always keep in mind that curtailing too much of operating expenses would curtail the companys productivity and as a result profit too. and Privacy, Do Not Sell My By the same token, looking at a companys past operating margins is a good way to gauge whether a big improvement in earnings is likely to last. ), $200,000 $75,000 (COGS) = $125,000 (gross profit) $55,000 (overhead) = $70,000 (net profit), Below is an income statement template provided by the U.S. Small Business Administration with a detailed list of many common operating expenses. & Dashboards, Application Dig Dog sells $200,000 worth of ice cream annually. & Professional Services, Restaurants Payroll. NetSuite has packaged the experience gained from tens of thousands of worldwide deployments over two decades into a set of leading practices that pave a clear path to success and are proven to deliver rapid business value. The correct answer is C. A is incorrect because IFRS does not provide a definition for operating activities. WebThe term non-operating expenses refers to the various business expenses that are not related to the companys core operations. Expenditure: Whats the Difference? It is important to differentiate between operating and non-operating revenue to gain insights into the efficiency of a firms core operations. ), you need not undergo the same process again when you approach another intermediary." Non- Operating Expenses. What Is Expense Management Software & Why Is It Important? What are non-operating expenses? Please note that by submitting the above-mentioned details, you are authorizing us to Call/SMS you even though you may be registered under DND. The expense associated with the transfer of funds between ChartFields that are within the same business unit. Let us take the example of a mutual fund investment company. It is a consortium of 75 brands controlled under around 60 subsidiaries. Services, System However, because a manager incurs these expenses daily, financial performance based on OPEX can be viewed as a barometer of managerial flexibility and skill, particularly during a challenging economic environment. What Are Capital Expenditures (CapEx) & Why Are They Important? As such, in this case, the expenses incurred for carrying out the investment activities is not considered a non-operating expense. See if another vendor offers a more competitive price. The amount remaining after all operating expenses are subtracted is called operating income. Business Restructuring Expenses. In some cases, taxes will be separated between operating and non-operating income statements, with taxes on activities like owning property and making sales included as an operating item. A company deals in the international markets for buying and selling its products. It is a metric used to determine how much income is eaten in the usual course of business. The Ultimate Guide to U.S stock market hours, : , Dos and Don'ts While Dealing With Investment Advisor, Losses caused by natural disasters such as earthquakes, floods, or tornadoes. Those deductions happen through processes called depreciation and amortization. Commerce, Analytics Distinctions Between Operating and Non-operating Expenses, The following are some of the most frequently encountered Operating Expenses, : . Property Tax. This expense can include costs referred to as COGS (cost of goods sold), including inventory, freight, labour, and manufacturing overhead. Your email address will not be published. The expenses that aren't included No. Or other borrowing charges, one-time settlements, accounting changes, and taxes paid, among others. tab), (opens in a new They are the expenses that occur outside of the companys day-to-day activities. Operating Profit Margin = EBIT / Sales Revenue x 100. For example, transportation and delivery, raw materials, manufacturing overhead, storage and labor costs are all inventory expenses. We shall Call/SMS you for a period of 12 months.Brokerage will not exceed SEBI prescribed limits Disclaimer Privacy Policy Any Grievances related the aforesaid brokerage scheme will not be entertained on exchange platform. These expenses are recorded in the income statement of the company and help in assessing the profitability of the company for a specified period of time. It is derived by dividing the operating expenditure of a business by its total revenue or net sales and is then used to compare businesses in the same industry. Pay 20% or "var + elm" whichever is higher as upfront margin of the transaction value to trade in cash market segment. It will differ depending on the business model, industry and the businesss maturity. Common operating expenses for a company include rent, payroll, travel, utilities, insurance, maintenance and repairs, property taxes, office supplies, depreciation and advertising. You are free to use this image on your website, templates, etc., Please provide us with an attribution link. Do not make payments through e-mail links, WhatsApp or SMS. One expense can be non-operating for one company, whereas the same could be operating for another company. Some of the most common (not exhaustive) examples of non-operating expenses include: It is true that non-operating expenses are captured at the bottom of the income statement, but it doesnt undermine the importance of these expenses. Only for National Pension Scheme (NPS) related grievance please mail to [emailprotected] An operating expense is any cost related to the day-to-day operations of a business. Most of the time, the main goal of the management of the company is to maximize profit by increasing revenues and reducing expenses. Charges for obsolescence of equipment or currency exchange are also non-operating expenses. All these nonoperating expenses of the company will be clubbed together. The thumb rule is that the smaller a companys OPEX, the more profitable it is. For example, a company may categorize any costs incurred from restructuring, reorganizing, costs from currency exchange, or charges on obsolete inventory as non-operating expenses. Accountants sometimes remove non-operating expenses to examine the performance of the business, ignoring effects of financing and other irrelevant issues. Operating expenses are the costs that have been used up (expired) as part of a companys main operating activities during the period shown in the heading of its income statement. This time the company has entered into a partnership with another building construction firm as the sleeping partner. No. By contrast, a non-operating expense is an expense incurred by a business that is unrelated to the business core operations. 2022 - EDUCBA. Companies can cut down on non-operating expenses relatively easily as compared to core business expenses. (Note that IFRS and U.S. GAAP accounting standards use different methods to get COGS.). East, Nordics and Other Regions, Operating Expenses on an Income Statement, How Accounting Software Helps Calculate Operating Expenses. This formula includes the cost of purchasing the items, inbound freight, manufacturing (including labor), modification and packaging. Having a clear picture of OpEx, COGS and non-OpEx is crucial to figuring out whether your business is profitable. They are not included in COGS. Accounting software makes it much easier to calculate and track operating expenses and related metrics. Also, during the same period, the company paid the one-time insurance premium at the beginning of the year for the whole year to one of the insurance companies to cover various types of losses that could arise from different types of unforeseen events like floods, theft, and earthquake, etc. CFA And Chartered Financial Analyst Are Registered Trademarks Owned By CFA Institute. The COGS includes the cones, ice cream and paper wrappers minus all of the supplies that werent used, amounting to $75,000. When looking at a companys income statement from top to bottom, operating expenses are the first costs displayed just below revenue. This read will help you understand in detail various terminologies related to revenue and income statement. : INP000001546, Research Analyst SEBI Regn. The next step is to subtract COGS from sales to get the gross profit. That would make its net profit $70,000. COGS can be difficult to calculate depending on the complexity of the business and what it sells. Let us take the example of a company that is engaged in the business of building construction. Therefore, the management always looks for ways to reduce operating expenses but with no impact on the companys ability to be head-on-head with the competitors. Research suggests that a 1% decrease in operating costs can increase profitability up to 10 times more than a corresponding increase in revenue, per Capgemini. During the year, company A sells one of its buildings at a $ 100,000 loss, resulting in its expense. Similarly, the costs incurred in the issuance of shares, debentures are also capital expenditures, and they cannot be treated as operating expenses and deducted from the income statement. Suppose any problem with such non-operating expenses occurs. Here, you can find a snapshot of LVMH Income statement for three years: 2018, 2019 and 2020. Corporate Valuation, Investment Banking, Accounting, CFA Calculator & others, 3 Statement Model Creation, Revenue Forecasting, Supporting Schedule Building, & others, This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy. Solution. Review utility bills have they gone up over time? However, it is worth noting that a few other expenses are excluded from OPEX computation because they are deemed unrelated to a businesss essential operations. They are the expenses that occur outside of the companys everyday operations. non-operating income is the income earned by a business organization from the activities other than its principal revenue-generating activity and examples includes profits/loss from the sale of a capital asset or from foreign exchange transactions, income from dividends, profits or other income generated from the from investments of the business, For example, business cards, social media, brochures, websites, and TV, print and digital campaigns. Operating Expense: An operating expense is an expense a business incurs through its normal business operations. In this article, Bijal Gandhi (ESSEC Business School, Master in Management, 2019-2022) explains the difference between operating and non-operating revenue. That number is subtracted from the ending inventory to arrive at the COGS. Once a company subtracts operating expenses from gross profit, it has its net profit. So, analysts and investors should also pay heed to these expenses after analyzing the core business risks. The most common types of non-operating expenses are interest charges and losses on the disposition of assets. Management, Professional Services Therefore, by being aware of and proactively mitigating the cost of operations, businesses have the potential to better control costs and improve their financial health. Travel expenses incurred by a company that go toward reimbursing all business-related travels are part of OpEx. Rent. Tel: 080-47480048. Answer (1 of 3): Not all of the costs a business incurs relate to running the business itself. There are many expenses incurred while running a business beyond those associated with the company's day-to-day operations. Service Management, Partner The firms cost of goods sold (COGS) is then subtracted from its revenue to arrive at its gross income. Please note that by submitting the above mentioned details, you are authorizing us to Call/SMS you even though you may be registered under DND. Operating expenses are a gold mine of information that businesses can examine to reduce costs and drive efficiency across their organization. With NetSuite, you go live in a predictable timeframe smart, stepped implementations begin with sales and span the entire customer lifecycle, so theres continuity from sales to services to support. Generally, the combination of non-operating income and expense is permissible as long as the individual amounts are not Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. Now, we need to understand that although debt financing facilitates business growth but it is not part of the core operations of any company. Examples of non-operating costs include obsolete inventory charges, lawsuit settlements, losses on investments, damages caused by natural disasters and fires, restructuring costs and interest expenses. Its important to consider both operating and non-operating items on a income statement because a business could seem profitable in its primary activities and still be facing huge losses from non-operating expenses. It generally depends on the nature of the transaction i.e. Please be cautious about any phone call that you may receive from persons representing to be such investment advisors, or a part of research firm offering advice on securities. It shows the proportion of revenues that are available to cover non-operating costs, like paying interest, which is why investors and lenders pay close attention to it. As some of the events are uncertain, it is completely possible for companies that run a sound business to incur unusual expenses. "Prevent Unauthorised transactions in your Trading/Demat Account. With a clear view of operating costs, you can identify areas that appear too costly, then break out and examine them to find opportunities for cost savings. Operating costs, which include many of the expenses necessary to keep a business on its feet, consist of a wide array of expense categories. Within the real estate industry, the operating expense ratio (OER) is a metric used to compare the costs associated with operating properties with the revenue that said properties generate. Operating Costs. For issues related to cyber attacks, call us at +91-8045070444 or email us at [emailprotected]. Every organization has operating expenses that come with running a business and make it possible to sell goods or services. Shop CFA Exam Prep. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. We shall Call/SMS you for a period of 12 months. Angel One Limited (formerly known as Angel Broking Limited), Registered Office: 601, 6th Floor, Ackruti Star, Central Road, MIDC, Andheri East, Mumbai - 400093. These expenses are generally treated as non-operating expenses as these expenses do not arise because of the companys core operations. Solution Articles, Europe, Middle East and Accounting & Consolidation, Customer The list of operating expenses comprises of the expenses that a company incurs while performing its day to day operations. Success, Support Receive alerts/information of your transaction/all debit and other important transactions in your Trading/ Demat Account directly from Exchange/CDSL at the end of the day. Salary paid to office staff and not factory staff, advertising expenses, selling expenses, rent paid for the office building and other such expenses are some of the The company reported non-operating expenses (listed as interest and other (income) expense) of $1,201 million in interest expense, offset by $73 million in non The portion of salaries and wages that go directly toward producing the products or services you sell are listed at the top of the statement as part of COGS, or cost of goods sold. The definition given is that provided by US GAAP. Although it is viewed as a proxy for financial performance, it is critical to remember that it varies by industry, some having higher operational expenses than others. In the last couple of years the company has been able to generate significant profit resulting in the accumulation of a huge cash balance. These costs are reported as operating expenses on the income statement because they pertain to operating the main business during that accounting period. Determine whether the interest expense is a non-operating expense or not. Article written in August 2021 by Bijal GANDHI (ESSEC Business School, Master in Management, 2019-2022). This expenditure is treated as the non-operating expenses in the financial statements. Update your mobile numbers/email IDs with your stock brokers/Depository Participant. When non-operating expenses are calculated and presented separately in the companys income statement, it presents a clear, detailed picture of the company to its stakeholders. The operating income is earned solely through the core operations of the business whereas non-operating income is earned outside the course of primary business. Operating expenses are necessary for the smooth running of the business. Operating costs include overhead expenses such as administrative staff, rent, utilities, phones, office equipment and supplies, insurance and cleaning supplies. Required fields are marked *. No worries for refund as the money remains in investor's account." There is no hard-and-fast rule on the ideal percentage of operating costs relative to revenue. Please note that we have not engaged any third parties to render any investment advisory services on our behalf. Capital expenses, or CapEx, are one-time expenditures of tangible or nontangible assets that are reflected on a companys balance sheet. The items in this section are generally unique in nature and therefore they do not show a true picture of the efficiency of a companys core business. A hospital might recognize the following items as non-operating revenues and expenses as such operations represent other health-care related activities: income from investments, appropriations (i.e., funds provided by government) and grants (i.e., funds given for special purposes), support services (e.g., parking fees, parking personnel wages, public relations Accounting principles are the set guidelines and rules issued by accounting standards like GAAP and IFRS for the companies to follow while recording and presenting the financial information in the books of accounts. Thus, the individual performing the expense bifurcation should have a thorough understanding of the running and non-operating expenses for the company; only then is it worthwhile to do so. Operating costs are the result of a companys operating activities, or activities directly related to selling products or services to customers. But they should be careful while doing this because reducing operating expenses may result in a short-term increase in profit, but can impact the companys earning thelong-run. These expenses do not make part of the main production process for an organization, thus are not included in the cost of goods sold. Login details for this Free course will be emailed to you. So this leads to a currency loss for the company. Variable operating expenses, such as packaging or shipping costs, fluctuate depending on the volume of an activity or the occupancy rate of a property. Depreciation. Operating vs Non-Operating Expenses. Other classifications on the cash flow statement, like investing and financing activities, are considered non-OpEx. Here we discuss the most common examples of non-operating expenses along with advantages and disadvantages. These companies conduct transactions using foreign currency, so there are chances of an exchange rate loss or currency loss to these companies. When the non-expenses are calculated separately and shown separately in the income statement of the company, then it presents a clear, detailed picture of the company to all its stakeholders and helps to assess the actual performance of the business in a far better way and if any problem concerning such non-operating expenses occurs then the same could also be brought in the notice of the management of the company. "Issued in public interest by Angel One Limited (formerly known as Angel Broking Limited), having its registered office at 601, 6th Floor, Ackruti Star, Central Road, MIDC, Andheri East, Mumbai - 400093, Telephone: +91 22 4000 3600, Fax: + 91 22 2835 8811. A non-operating expense is a business expense unrelated to the core operations. CIN: L67120MH1996PLC101709, SEBI Regn. The list of operating expenses is divided into two broad categories i.e. Accessories, Software & Technology Advertising. Here are 11 examples of these expenditures, which are related to various areas of a businesss core operations: Office Supplies. When non-recurring expenses are computed and shown separately in the businesss income statement, a clear, thorough picture of the business is presented to all stakeholders. This loss will be treated as the nonoperating expense as the same does not arise because of the companys core operations. Non-operating expenses also include one-time or unusual costs. THE CERTIFICATION NAMES ARE THE TRADEMARKS OF THEIR RESPECTIVE OWNERS. Save my name, email, and website in this browser for the next time I comment. September 1, 2020. Office-related expenses come from typical office settings, and often include things like office supplies, property taxes, rent and insurance. However, it is vital to keep in mind that cutting these costs may compromise product integrity or operational quality, eventually resulting in a loss of the companys reputation. Start Your Free Investment Banking Course, Download Corporate Valuation, Investment Banking, Accounting, CFA Calculator & others. We are a technology led financial services company, that provides broking and advisory services, margin funding, loans against shares Know More. Conversely, non-operating expenses are those expenses that are not included in the calculation of EBIT (earnings before interest and tax), which is also known as the operating profit of a company. the examples of the operating expenses are legal fees, rent, depreciation, office equipment, and supplies, accounting expenses, insurance, repairs and maintenance expenses, utility expenses like electricity, water, etc, telephone and internet expenses, property taxes, payroll tax expenses, pensions, advertisement expenses, entertainment costs, These types of losses happen when wide currency fluctuates in the market, which is unfavorable for the company. Disclosure of non-operating expenses results in transparency that is appreciated by all stakeholders investors and even employees. Expense Management Automation: What is it? Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. Cash comes in, for instance, from the sale of goods or services, and cash flows out to pay employees. These expenses include rent, salaries & wages, office expenses, telephone expenses, admin and insurance expenses, etc. Operating expenses are the expenses your business incurs on a daily basis. Typical operating expenses include rent, payroll, utilities, printing, postage, and property taxes. Some of the major advantages are as follows: Some of the major disadvantages are as follows: So, it can be seen that although non-operating expenses are captured separately in the income statement, these expenses are still important for managers, investors, and other stakeholders in the assessment of the future financial viability of a company. These are items that are consistently used by office staff or require regular replenishment such as printer paper, invoices and sales receipts, staplers, pens, janitorial cleaning supplies and USB flash drives. Some BARS codes can be in either operating or nonoperating and, in such cases, the first column is blank. Following are the examples are given below: All businesses require fund for fuelling growth and so companies resort to a mix of equity and debt to finance their business growth. There is often the risk of manipulation by accountants wherein they can classify an operating expense as a non-operating expense in order to boost the earning from the core business. You will Learn Basics of Accounting in Just 1 Hour, Guaranteed! You can learn more about financing from the following articles , Your email address will not be published. Non-operating income refers to the part of a companys income that is not attributable to its core business operations. With that in mind, costs associated with people, energy, transportation and travel are four types of operating expenditures companies can examine for cost-saving opportunities when they have a clear view of these expenditures. & Logistics, NetSuite Assets Management, Global Here are a few common ways to reduce operating expenses: To automate the process of tracking, recording and classifying expenses, most businesses turn to accounting software. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2022 . So, there are no standard criteria for its bifurcation. The most common types of non-operating expenses are depreciation, amortization, interest charges or other costs of borrowing. When looking at a companys income statement from top to bottom, operating expenses are the first costs displayed just below revenue. It is worth noting that various factors can affect this expense, including (but not limited to) pricing strategy, raw material costs, and labour costs. Businesses also have non-operating expenses and perhaps some non-operating revenue as well, such as the cost and possible income stemming from a lawsuit. Typically, analysts prefer to adjust the earnings for non-operating expenses as well as non-operating income in order to evaluate the performance of the core operation of a company. Here we also discuss the definition and list of operating expenses which includes traveling utility legal and advertising expenses. What is Book Value and How to Calculate it? Employee travel, marketing campaigns and repair of key equipment are all examples of operational activities. Intelligence, Advertising Companies, Transportation As such, the interest payment is considered a non-operating expense. This expense category is included in the income statement as an operational expense since it is practically impossible to operate the primary business without incurring these costs. Insurance. Travel. We do not sell or rent your contact information to third parties. Determine the nature of the expenses incurred for hiring personnel for carrying out the investment activities. Common operating expenses for a company include rent, payroll, travel, utilities, insurance, maintenance and repairs, & Reporting, Customer The revenue generated from the primary or core activities of a company is referred to as operating revenue. Now, the company is into mutual fund investment and not into building construction. When non-operating expenses are shown separately on its income statement, it allows the managers, investors, and other company stakeholders to assess the actual performance of the business in a far better way. Operating profit equals gross profit minus capital expenditures. : INZ000161534-BSE Cash/F&O/CD (Member ID: 612), NSE Cash/F&O/CD (Member ID: 12798), MSEI Cash/F&O/CD (Member ID: 10500), MCX Commodity Derivatives (Member ID: 12685) and NCDEX Commodity Derivatives (Member ID: 220), CDSL Regn. "We understand that certain investment advisors may be approaching members of the public including our clients, representing that they are our partners, or representing that their investment advice is based on our research. Some expenses sometimes create confusion in the mind of the person bifurcating the expense and whether they should be treated as the operating and non-operating costs. This kind of income is not usually considered part of their normal business, so it will be itemized on the income statement as non-operating or secondary income. Primary distinction: Operating expenses are such business expenses that are necessary to facilitate and run a business normally. THE CERTIFICATION NAMES ARE THE TRADEMARKS OF THEIR RESPECTIVE OWNERS. When you prepare an income statement for a business, it is good accounting practice to distinguish between operating and non-operating expenses and list them separately. Utilities. These are examples of non-operating expenses: Business Relocation Expenses. The main difference between operating and non-operating expenses is given below: 1. These expenses are often classified as non-operating expenses because they are not related to the companys core operations. Even if the reduction in a specific operating expense is helping to increase short-term profit, it can impact the companys earning capacity in the long term. And so forth. Additionally, these expenses include one-time or unique charges incurred by the business. Non-operating expenses are subtracted from the companys operating profit to arrive at its earnings before taxes (EBT). After gross income is calculated, all operating costs are then subtracted to get the companys operating profit, or earnings before interest, tax, depreciation, and amortization (EBITDA). This category of expenses encompasses charges such as interest. These are real estate taxes that vary based on the assessed value of a property. The first step in the U.S. Small Business Administrations list of Ten Basic Bookkeeping Steps is to purchase accounting software, which is ahead of opening a separate business checking account, reconciling that account and even tracking sales. We do not sell or rent your contact information to third parties. S-X 5-03(7) and prescribe separate income statement line item captions for non-operating income and non-operating expense. Accounting and financial management software are essential for monitoring revenue and expenses, generating financial reports and tracking other metrics that ensure the financial health of the business. operating expenses. In that case, the same could also be brought to the notice of the companys management so that necessary corrective actions could be taken on time. Thus, it is more meaningful to compare this expense across firms in the same industry and, therefore, to distinguish between high and low expenses within that context. A companys operating margin, also known as return on sales, is a good indicator of how well it is being managed and how risky it is. & Digital Marketing Agencies, Apparel, Consequently, it has been investing the unused cash in equities of other listed companies. Distribution, Performance These are expenses you incur even when you are not giving out food, clothing, scholarships and grants. These expenses include items like payroll, rent, office supplies, utilities, marketing, insurance and taxes. In some cases, non-operating items are referred to as income from secondary activities, while the businesss normal operations are considered primary activities. Operating Expense (OPEX) refers to costs incurred in the usual course of business. As such, the losses incurred by the partnership firm will be recognized as non-operating expenses in the books of the investment company. It is done to improve the long term profitability and working efficiency. (See highlighted section.). Gross profit is equal to net sales minus the cost of goods sold. The company headquartered in Paris specializes in luxury goods and stands at a valuation (market capitalization in June 2021) of $329 billion. Distribution, Global Business & Hospitality, Software Some of the phrases associated with this charge are listed below. & Technology Companies, Transportation Customer Support, Business It takes time and effort to allocate expenses properly on behalf of the individual. Restructuring Cost is the one-time expense incurred by the company in the process of reorganizing its business operations. trends. Operating expenses can be broken down into three categories: office, compensation and sales- and marketing-related expenses. Some examples of Utilities include business expenses from public services such as water, electricity, internet, telephone, sewage, heating and waste disposal. 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