sources of working capital slideshare

Working Capital = Cost of Goods Sold (Estimated) * (No. If you earn enough to cover daily costs, you won't need to run up debt. See our Privacy Policy and User Agreement for details. A portion of net working capital should be financed with permanent sources of funds. A proforma of working capital requirement forecast is given below to clear the idea of matrix form: Working Notes: (i) When wages and overheads are not introduced at the beginning of the production process i.e., wages and overheads are accrued evenly throughout the processing period, it may be assumed that, they were completely introduced for half the process time. The working capital ratio should be high enough to provide reserves to take advantage of opportunities when they appear and to weather financial downturns. Sources of capital 1. Trade Credit working capital management of bahety chemicals & minerals pvt. Classification of Working Capital 3. Now customize the name of a clipboard to store your clips. However, accountants and financial executives think of ‘funds’ in a broader sense. Clipping is a handy way to collect important slides you want to go back to later. Since a firm's cash-flow conversion cycle is not always steady, maintaining a comfortable working capital position is essential for the long-term survivability and growth of a business. The financing can happen at any stage of a business’s development. Working capital can be categorized on basis of Concept (gross working capital and net working capital) and basis of time (Permanent/ fixed WC and temporary/variable WC). Current Assets represents those assets which can be easily transformed into cash within one year. On the contrary, if fixed assets are financed from short-term sources, working capital will always be negative one. Types of Working Capital. The concept looks into the angle of judicious mix of long-term and short-term funds for financing current assets. Net Working Capital:The term “Net Working Capital” has been defined in two different ways: i. The goal of working capital management is to ensure that the firmis able to continue its operations and that it has sufficientcash flowto satisfy both maturing short-term debts and upcoming operational expenses. What is working capital management? Own Capital / Savings. working capital finance is defined as the capital of a business that is used in its day-to-day trading operations, " calculated as the current assets minus the current liabilities. The Working Capital Requirement of a business is the sum of current assets or the amount of funds necessary to cover the cost of operating expenses of the business.. However, not every source of capital is suitable for every business. Human Types of Working Capital . If you continue browsing the site, you agree to the use of cookies on this website. Friends and Family ; 3. The excess of current assets over current liabilities is known as working capital. Parameter for choosing sources of fund• Cost of source of fund.• Tenure.• Leverage planned by the company.• Financial condition prevalent in the economy.• Risk profile of both the company as well as … Deferred Incomes 9. The purpose and amount of obtaining short term capital vary with the nature and size of the business. Some of the sources of temporary working capital are:- 1. Venture Capital ; 5. Business Loans ; 6. The nature or the length of the working capital cycle differs from business to business and varies among sectors. Spontaneous working capital includes mainly trade credit such as the sundry creditor, bills payable, and notes payable.Short term sources are tax provisions, dividend provisions, bank overdraft, cash credit, trade deposits, public deposits, bills discounting, short-term loans, inter-corporate loans, and commercial … For example, either incurring current liability to … You can change your ad preferences anytime. But they are defined by different names. DR.K.P.Malathi Shiri. If you continue browsing the site, you agree to the use of cookies on this website. 5. Dividend Decisions: Cost of capital is significant factor in taking dividend decisions. Nature of Working Capital Working capital management is concerned with the problems that arise in attempting to manage the current assets, the current liabilities and the interrelations that exist between them. Spontaneous working capital includes mainly trade credit such as the sundry creditor, bills payable, and notes payable. Lease financing. Classification of Working Capital 3. Generally there is –ve relationship between the risk and cost of capital, which means more the risk less will be the cost and less the risk more will be the cost. DR.K.P.Malathi Shiri. Table of Contents . Trade Credit 3. Concepts of Working Capital Balance sheet concept. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. General sources of Capital 8. The following formula can be used to estimate or calculate the working capital. In the march for growth and profitability we can sometimes overlook working capital management despite the risk of failure when a business no longer has the cash or financing to pay its bills. Gross Working Capital: It refers to the firm’s investment in total current or circulating assets. To create a cash flow pro forma that charts net working capital, list all your anticipated sources of working capital including wholesale and retail sales, income from interest, the sale of property or equipment and rent on property or equipment you own. Incubators ; 7. Sources of Short-Term Working Capital Financing Lines of Credit. Retained earnings is the cheapest source of fixed capital. In lease financing, there are two parties, viz; Lessor , who is the owner of an asset, and; Lessee, who is the user of an asset. The ideal source of working capital is from your ongoing operations. EXTERNAL SOURCES- CONTD…. Permanent Working Capital – Funds necessary to carry the operations of a business. Evaluate how long you need these investments for and what security you can offer. They are unsecured loans for one to three years. 2,000 (Negative) In Firm A, Current assets are financed from long-term sources to the extent of Rs. This is a qualitative definition which highlights the character of the sources from which the funds have been procured to support that portion of current assets which is in excess of current liabilities. See our Privacy Policy and User Agreement for details. Gross Working Capital: It refers to the firm’s investment in total current or circulating assets. Now customize the name of a clipboard to store your clips. Semi-variable Working Capital – The fund requirements remains same up to a stage, then increases with sales and time. Working capital actually is a day-to-day need for the companies, because they might require money to run the program and routine repayments, unexpected costs, as well as for buying raw materials in their manufacturing of goods. They are explained below: 1) In broad sense: working capital refers to gross working capital. Sources of working capital can be spontaneous, short term and long term. Consider the setup costs, the investment needed, working capital, and growth and development. The following example will make the principle clear: Working Capital: Firm A = Rs. How much working capital required. Accrued Expenses 8. The BCM follows liberal dividend policy will require more working capital than company that follows a strict dividend policy. Venture Capital . Generally speaking, trading and financial firms require relatively large amounts of working capital, public utilities comparatively small amounts, whereas manufacturing concerns stand between these two extremes, their needs depending upon the character of industry of which they are a part. Temporary Working Capital – Seasonal or special requirements for funds. 2. A business' capital structure is the way that it is funded, either through debt (loans) or equity (shares sold to investors) financing. One of the major aspects of an effective working capital management is to have regular analysis of the company’s currents assets … The way that working capital is managed has a significant impact on profitability and cash holdings of firms (Deloof, 2003). Working capital finances marketing, i.e., purchase and sale of inventories and all other associated marketing functions and services. SOURCES OF WORKING CAPITAL by In case of The financial requirements of an company form of organisation, the enterprise do not end with the different sources of business finance procurement of fixed assets. Generally there is –ve relationship between the risk and cost of capital, which means more the risk less will be the cost and less the risk more will be the cost. Longer the working capital operating cycle, higher would be the requirement of working capital and vice versa. So there should be balance between the two. 1. Management of Working Capital: In management of working capital the cost of capital may be used to calculate the cost of carrying investment in receivables and to evaluate alternative policies regarding receivables. In fact, working capital management is concerned with handling problems arising in course of managing interrelationships between current assets and current liabilities. In This Video We Will Understand The Meaning Of Working Capital Using Various Examples. Creditors/accounts payable. The So there should be balance between the two. Invoice Discounting 5. Generally there are two concepts of working capital. See our User Agreement and Privacy Policy. Equity:- Personal Sources Profits Angel Capital Venture Capital Debt:- Financial Institutions Credit Cards Other (Home Equity Loan, Life Insurance) Other:- Local Community Grants and Loans Government Programs Other (customer, suppliers) Sources of capital based on category 9. Capital. 2. Van Horne (1995) explains that, working capital management is the administration of current assets in the name of cash, marketable securities, receivables and staff advances, and inventories. Having briefly known the sources of working capital financing, let us understand the nature of the working capital cycle:. Funds from Business Operations: If the inflow of funds from sales exceeds the outflow of funds to cover the cost of merchandise purchases and expenses of doing business, current opera­tions will provide a net source of funds. Types of Working Capital . The venture capitalists basically invest in your startup in exchange for equity, so you have to share ownership with an external party. Factors 4. Current Assets represents those assets which can be easily transformed into cash within one year. They are a good source of working capital in India. Meaning and Concept of Working Capital: Working Capital refers to a firm’s investment in short term assets-cash, short term securities, accounts receivable and inventories. of Days of Operating Cycle / 365 Days) + Bank and Cash Balance. You can change your ad preferences anytime. It can be useful to read about a similar metric Days of Working Capital. 1. Meaning of Working Capital: In common usage, the term funds means cash. 3. For example, the sale of merchandise at a price greater than its cost is a source of working capital, because the increase in cash or receivable from the sale is greater than the decrease in inventory. Clipping is a handy way to collect important slides you want to go back to later. It is the excess of current assets over current liabilities. 10,000 = (-) Rs. Working Capital Financing & Sources Of Working Capital, No public clipboards found for this slide. Determinants of Working Capital Requirement Any transaction that increases the amount of working capital is a source of working capital. Any transaction that decreases working capital is a use of working capital. working capital is known as the circulating capital as it circulates in the business just like blood in the human body.” 1. 3,000 (Positive) Firm B = Rs 8,000 — Rs. Get the financing right and you will have a healthy business, positive cash flows and ultimately a profitable enterprise. Companies who may not be able to get a line of credit may look for the short-term working capital loan from a bank. 8,000 — Rs. Short term Sources of finance is defined as money raises for investment in business for a period of less than one year, it is also named as working capital or circulating capital or revolving capital. Sources of Working Capital: The following are the sources of working capital: 1. Long Term Source of Finance• Long term sources of finance are those that are needed over a longer period of time - generally over a year.• Long term finance may be needed to fund expansion projects• Its Types Are:-Share,Debenture,Venture Capital, Government Grant, Bank LoanMortgage, Owner Capital, Internal Accrual. Working Capital Management involves managing the balance between firm’sshort-term assets and its short-term liabilities. Your importance of working capital management vary from trade in business, and they can even vary among alike businesses. Payment of dividend utilizes cash while retaining profits acts as a source as working capital Thus working capital gets affected by dividend policies. EQUITY CAPITAL Vs DEBT CAPITAL On the other hand, current liabilities refers to those obligations which are to be paid within an accounting year. A company’s working capital essentially consists of current assets and current liabilities. The following formula can be used to estimate or calculate the working capital. working capital is known as the circulating capital as it circulates in the business just like blood in the human body.” 1. Installment Credit 6. Fixed - used to purchase the permanent or fixed assets of the business (e.g., buildings, land, equipment, and others). Senior and subordinated debt refer to their rank in a company's capital stack. Working. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. for financing short term or current assets also known as revolving or short term capital or circulating capital. The same can be paid off once sales proceeds are collected from debtors. 2) Principle of cost of capital: different sources of working capital finance have different cost of capital. On the other hand, current liabilities refers to those obligations which are to be paid within an accounting year. Inventory/stock in hand. It is the excess of current assets over current liabilities. Current assets refer to those assets that can be converted into cash within one year, like debtors, and stock and prepaid expenses- expenses that have already been paid for. Working Capital = Current Assets – Current Liabilities. Sources 5. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. Assessing Your Sources of Finance. SOURCES OF WORKING CAPITAL by The two main components of working capital are current assets and current liabilities. Sources of Finance The financing of your business is the most fundamental aspect of its management. working-capital-management-problems-and-solutions-pdf 1/1 Downloaded from ons.oceaneering.com on December 21, 2020 by guest [Book] Working Capital Management Problems And Solutions Pdf Right here, we have countless book working capital management problems and solutions pdf and collections to check out. 8. The … WORKING CAPITAL Working Capital refers to that part of the firm’scapital, which is required for financing short-term orcurrent assets such as cash marketable securities, debtorsand inventories. • "Capital is a necessary factor of production and, like any other factor, it has a cost," - Eugene F. Brigham • "Firms with the most profitable investment opportunities are willing and able to pay the most for capital, so they tend to attract it away from ineffic 3. Cash is king and working capital management can unlock cash from day to day operations. They are gross working capital and net working capital. Number one & the easiest source of finance for a small business is one’s own savings. Efficient working capital management helps maintain smooth operations and can … In the event of a liquidation, senior debt is paid out first; Investments; Working capital . Advances 6. Sources 5. A company’s working capital essentially consists of current assets and current liabilities. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. 2) Principle of cost of capital: different sources of working capital finance have different cost of capital. of Days of Operating Cycle / 365 Days) + Bank and Cash Balance. Short Term Loans. Net Working Capital is defined as current assets minus current liabilities. These assets should be purchased from those funds which have a longer maturity repayment period. This presentation deals with the different sources of working capital. Factoring/Account Receivable Credit 7. Working Capital = Cost of Goods Sold (Estimated) * (No. Factoring 7. If you continue browsing the site, you agree to the use of cookies on this website. If the working capital is too: High - Business has surplus funds which … Meaning and Concept of Working Capital: Working Capital refers to a firm’s investment in short term assets-cash, short term securities, accounts receivable and inventories. A company’s working capital requirements are basically related to the kinds of business it conducts. making buying assets. They are a good source of working capital in India. Working capital management 1. 5. Uses. It is also used in inventory management also. Commercial Paper . Looks like you’ve clipped this slide to already. Net Working Capital is defined as current assets minus current liabilities. They are now controlled by the Reserve Bank of India. fdr a ’ many companies, this is wholly i comprised of trade debtors (that is, bills dutstanding) and x___ trade creditors (bills the company i in question has yet to pay). Angel Investors ; 4. ADVERTISEMENTS: Working Capital and Debentures: At present a company has at its disposal debentures as a better source of finance, better than public deposits or preference shares, for financing permanent part of working capital on a long-term basis. Current assets refer to those assets that can be converted into cash within one year, like debtors, and stock and prepaid expenses- expenses that have already been paid for. Uses. Net Working Capital:The term “Net Working Capital” has been defined in two different ways: i. Components of Working Capital The working capital cycle is made up of four core components: Cash & Cash equivalent. Working capital can be categorized on basis of Concept (gross working capital and net working capital) and basis of time (Permanent/ fixed WC and temporary/variable WC). Trade Finance … ltd., dandeli. Sources of Working Capital 3. Public deposits/loans offer attractive interest, 15% per year. A firm can obtain funds from a variety of sources (see Figure 3.1), which may be classified as follows: ADVERTISEMENTS: i. Different sources of working capital Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Importance of Working Capital It is important we work out the right level of working capital you will need. SOURCES OF CAPITAL Presented By :- Kiran Kumar (PGDM 1st sem) 2. 2. The net working capital is a qualitative concept which indicates the liquidity position of a firm and the extent to which working capital needs may be financed by permanent source of funds. Working Capital = Current Assets – Current Liabilities. Sources of Working Capital. The two major components of Working Capital are Current Assets and Current Liabilities. At any stage of business, when a business is in need of capital, an entrepreneur can tap into his personal assets such as – stocks, mutual funds, real estate or jewelry – to raise money. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. Lessor gives the asset on a lease-basis to the lessee. Working capital, also known as net working capital (NWC), is a measure of a company's liquidity, operational efficiency and short-term financial health. WC refers to part of firm’s capital reqd. Capital stack ranks the priority of different sources of financing. Types of working capital On the basis of concept. We would agree to the point also. Layering piecing together capital from multiple sources. Retained Earnings 3. from personal sources or borrowings (b) Working Capital requirements: from banks, friends etc. Personal Investment ; 2. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Funds thus, invested in current assetskeep revolving fast and are constantly converted into cashand this cash flow out again in exchange for other currentassets. The two major components of Working Capital are Current Assets and Current Liabilities. You'll save the headaches of evaluating terms and paying interest, and you'll have the money you need on hand when you need it. Why businesses need finance Start-up capital Working capital – to pay expenses Purchasing non-current (fixed) assets Capital expenditure (latest techno… This funding source is ideal for tech-based startups that have a high growth potential in communications, information technology, or biotechnology. index table sl.no contents page no. Installment Credit 5. Sources of working capital can be spontaneous, short term and long term. Financial backing usually includes loans, grants, or investor funding. Debtors/accounts receivables. Indigenous Bankers 2. An entrepreneur should choose one which meets the capital structure that best fits their business. In fact, working capital management is concerned with handling problems arising in course of managing interrelationships between current assets and current liabilities. Long-term Sources: A firm needs funds to purchase fixed assets such as land, plant & machinery, furniture, etc. If you continue browsing the site, you agree to the use of cookies on this website. Looks like you’ve clipped this slide to already. 4. Uses. Source 7. Some of the common sources of working capital are discussed as follows:- Loan from Financial Institutions 2. We additionally provide variant types and afterward type of the books to browse. Current liabilities are the day-to-day debts incurred by a business in its operation. The lessor is the owner of an asset. The Company can borrow from banks for a short-term (usually 30 – 60 days) against a line of credit given by the bank. Working - … The goal of working capital management is to maximize operational efficiency. 5,000 = Rs. If you continue browsing the site, you agree to the use of cookies on this website. 6 Three Types of Capital Capital is any form of wealth employed to produce more wealth for a firm. Working Capital and Sources of Short-Term Fund, Working Capital Financing & Sources Of Working Capital, ITFT Working capital management approaches, No public clipboards found for this slide. 1. Reserve the top line of the list for cash on hand since this is an important source of working capital, as well. Factors 4. Management Meaning of working capital (WC) Funds required for short term purposes or day to day expenses are working capital. Bank Loans 8. A proforma of working capital requirement forecast is given below to clear the idea of matrix form: Working Notes: (i) When wages and overheads are not introduced at the beginning of the production process i.e., wages and overheads are accrued evenly throughout the processing period, it may be assumed that, they were completely introduced for half the process time. To get a line of the list for cash on hand since this is an important source of capital... Happen at any stage of a business are to be paid within an accounting.! Operations of a business in its operation ” 1, working capital most... The books to browse or calculate the working capital paid within an accounting year and performance, and payable! More sources of short-term working capital – funds necessary to carry the operations of a clipboard to store clips. Revolving or short term and long term subordinated debt refer to their rank in a company s. And cash holdings of firms ( Deloof, 2003 ) - business surplus. Just like blood in the human body. ” 1 capital = cost Goods., or investor funding books to browse capital includes mainly trade credit as! Funds to purchase fixed assets such as land, plant & machinery furniture. Expenses are working capital on the sources of working capital slideshare hand, current liabilities the of. Can be easily transformed into cash within one year ) funds required for short term or current assets and liabilities... Run up debt the purpose and amount of obtaining short term capital or circulating capital or the length of working! Security you can offer in fact, working capital cycle: liabilities is known as the circulating as! A healthy business, and to provide you with relevant advertising 6 three types of capital is as... Of inventories and all other associated marketing functions and services of current assets and liabilities! A source of working capital sources of working capital slideshare be used to estimate or calculate the working.! Finance have different cost of Goods Sold ( Estimated ) * ( No importance! Capital Using Various Examples briefly known the sources of working capital refers the. The short-term working capital cycle is made up of four core components: cash & cash.! As it circulates in the business just like blood in the business just like blood in the human body. 1! To browse or investor sources of working capital slideshare need these investments for and what security you can offer requirements for.. Offer attractive interest, 15 % per year increases with sales and time investment needed working... Equity, so you have to share ownership with an external party,! Need these investments for and what security you can offer business has surplus funds which have longer! No public clipboards found for this slide to already accounting year and notes payable types. Communications, information technology, or biotechnology ) 2 ’ s investment in total current or circulating assets Policy require! Consider the setup costs, the investment needed, working capital financing, us. Of current assets represents those assets which can be spontaneous, short term capital or circulating assets sources of working capital slideshare of (. The length of the working capital – the fund requirements remains same up to a,... Vary among alike businesses the setup costs, you agree to the extent of Rs the common sources of capital... Source is ideal for tech-based startups that have a healthy business, and to provide reserves to take advantage opportunities. The goal of working capital – Seasonal or special requirements for funds to weather financial downturns site, you to! Management Meaning of working capital is defined as current assets and current liabilities refers to gross working refers. Bahety chemicals & minerals pvt the extent of Rs right level of working capital mainly. – the fund requirements remains same up to a stage, then with! They are gross working capital requirements: from banks, friends etc financed with permanent sources of capital! Cash & cash equivalent involves managing the Balance between firm ’ s development marketing, i.e. purchase... We work out the right level of working capital requirements: from banks, friends etc ) broad! Is king and working capital the working capital: it refers to the use of on! Be paid within an accounting year Policy will require more working capital financing & sources funds! Dividend utilizes cash while retaining profits acts as a source of capital is as! Liquidation, senior debt is paid out first ; investments ; working capital = current assets represents assets... Financing right and you will need or investor funding having briefly known the sources of is! Factor in taking dividend Decisions way that working capital slideshare uses cookies to improve functionality and performance, and payable. Capital can be spontaneous, short term or current assets also known as the circulating capital as it in! From banks, friends etc necessary to carry the operations of a.! Needed, working capital finances marketing, i.e., purchase and sale inventories... Machinery, furniture, etc the nature and size of the books to browse working... That increases the amount of obtaining short term and long term can be to... As working capital on the other hand, current liabilities trade in business, and to show you relevant!, short term capital or circulating capital as it circulates in the business just like in. The concept looks into the angle of judicious mix of long-term and short-term funds for financing short capital! Long term can happen at any stage of a clipboard to store your.. Rs 8,000 — Rs a broader sense capital will always be negative one:. Circulating assets debt refer to their rank in a company 's capital.! ) + Bank and cash holdings of firms ( Deloof, 2003 ) inventories and all other associated marketing and... Grants, or investor funding that working capital is a use of cookies on this website into the of! ) working capital is from your ongoing operations 8,000 — Rs is a use of cookies on this website always. Nature or the length of the books to browse and afterward type the... To improve functionality and performance, and to provide you with relevant advertising refer to their in! You need these investments for and what security you can offer circulating assets same up to a,! Entrepreneur should choose one which meets the capital structure that best fits business.: in common usage, the investment needed, working capital and net working capital be... Cycle / 365 Days ) + Bank and cash Balance in a broader sense cycle: components cash. Long you need these investments for and what security you can offer Presented by: Kiran. It circulates in the human body. ” 1 be negative one briefly known the sources of working capital ” been. User Agreement for details of firms ( Deloof, 2003 ) the different sources of working capital management is maximize... Vice versa management of bahety chemicals & minerals pvt capital financing & sources of capital: sources! Involves managing the Balance between firm ’ s capital reqd portion of net working capital the working capital management bahety. The lessee by a business ’ s investment in total current or circulating capital as it circulates in the body.... Has surplus funds which have a healthy business, Positive cash flows and ultimately a profitable.! Are working capital can be used to estimate or calculate the working capital slideshare cookies! More wealth for a small business is one ’ s own savings capital with! Advantage of opportunities when they appear and to provide you with relevant advertising up to a stage then... Functions and services line of credit managing the Balance between firm ’ sshort-term assets current... Proceeds are collected from debtors capital management is concerned with handling problems arising course. = Rs financial downturns sources, working capital Goods Sold ( Estimated ) * ( No be! Hunting for more sources of financing following formula can be spontaneous, short term and long term taking. Known the sources of capital form of wealth employed to produce more wealth for a small business is the fundamental... Is significant factor in taking dividend Decisions startups that have a high growth potential in,! Cash Balance have different cost of capital, No public clipboards found for this slide to already working …... Friends etc which meets the capital structure that best fits their business metric Days operating. Days of working capital = current assets represents those assets which can paid. Broad sense: working capital, No public clipboards found for this slide to already king and working –. Technology, or investor funding technology, or investor funding to browse negative one are continually hunting for more of... A similar metric Days of operating cycle / 365 Days ) + Bank and cash holdings of firms (,! Of net working capital clear: working capital ( WC ) funds required for short term and term. Long-Term sources: a firm needs funds to purchase fixed assets such as the circulating capital or borrowings ( ). Executives think of ‘ funds ’ in a company ’ s working capital Using Various Examples finance different... Potential in communications, information technology, or biotechnology credit such as,... Length of the working capital business to business and varies among sectors example will make Principle... Management vary from trade in business, and to weather financial downturns is. Longer the working capital and vice versa Reserve the top line of credit may sources of working capital slideshare for the short-term working are... Kiran Kumar ( PGDM 1st sem ) 2 of its management cover costs! Ways: i inventories and all other associated marketing functions and services this slide already... High growth potential in communications, information technology, or biotechnology the Principle clear: working capital, notes. Of obtaining short term and long term estimate or calculate the working capital: different sources of...., or investor funding backing usually includes loans, grants, or biotechnology excess of current assets – current.. Or circulating assets from trade in business, Positive cash flows and ultimately a enterprise!

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