(Exact name of Registrant as specified in its Charter)
FOREIGN TRADE BANK OF LATIN AMERICA, INC.
(Translation of Registrant’s name into English)
Business Park Torre V, Ave. La Rotonda, Costa del Este
P.O. Box 0819-08730
Panama
City, Republic of Panama
(Address of Registrant’s Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F __
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes __ No x
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes __ No x
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
NOTE: THE FINANCIAL INFORMATION INCLUDED IN THIS FORM 6-K HAS BEEN PREPARED ON A NON-CONSOLIDATED BASIS AND EXCLUDES FINANCIAL INFORMATION FOR BLADEX HOLDINGS INC., BLADEX REPRESENTACAO LTDA., BLX SOLUCIONES
S.A. DE C.V., AND BLADEX DEVELOPMENT CORP., AS REQUIRED BY THE LAWS AND REGULATIONS APPLICABLE TO BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A. ("BLADEX") IN PANAMA, COUNTRY OF INCORPORATION WHERE BLADEX IS REGULATED AS A BANK WITH A GENERAL LICENSE. WE PROVIDE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS IN OUR ANNUAL REPORT ON FORM 20-F FOR EACH FISCAL YEAR. THE NON-CONSOLIDATED FINANCIAL INFORMATION CONTAINED HEREIN MAY DIFFER MATERIALLY FROM OUR CONSOLIDATED FINANCIAL RESULTS FOR THE SAME PERIOD.
*Monetary
unit at par and equivalent with US$ dollars.
This is a translation from Spanish original version, taken from the monthly publication of the Superintendency of Banks of Panama (website: http://www.superbancos.gob.pa).
NOTE: THE FINANCIAL INFORMATION
INCLUDED IN THIS FORM 6-K HAS BEEN PREPARED ON A NON-CONSOLIDATED BASIS AND EXCLUDES FINANCIAL INFORMATION FOR BLADEX HOLDINGS INC., BLADEX REPRESENTACAO LTDA., BLX SOLUCIONES
S.A. DE C.V., AND BLADEX DEVELOPMENT CORP., AS REQUIRED BY THE LAWS AND REGULATIONS APPLICABLE TO BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A. ("BLADEX") IN PANAMA, COUNTRY OF INCORPORATION WHERE BLADEX IS REGULATED AS A BANK WITH A GENERAL LICENSE. WE PROVIDE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS IN OUR ANNUAL REPORT ON FORM 20-F FOR EACH FISCAL YEAR. THE NON-CONSOLIDATED FINANCIAL INFORMATION CONTAINED HEREIN MAY DIFFER MATERIALLY FROM OUR CONSOLIDATED FINANCIAL RESULTS FOR THE SAME PERIOD.
*Monetary
unit at par and equivalent with US$ dollars.
This is a translation from Spanish original version, taken from the monthly publication of the Superintendency of Banks of Panama (website: http://www.superbancos.gob.pa).
NOTA:
LA INFORMACION INCLUIDA EN EL PRESENTE REPORTE 6-K FUE PREPARADA EN UNA BASE NO CONSOLIDADA Y EXCLUYE LA INFORMACION FINANCIERA DE BLADEX HOLDINGS INC., BLADEX REPRESENTACAO LTDA., BLX SOLUCIONES
S.A. DE C.V., Y BLADEX DEVELOPMENT CORP., SEGUN LO EXIGIDO POR LAS LEYES Y REGULACIONES A LAS CUALES ESTAMOS SUJETOS EN PANAMA, EL PAIS DONDE LA SOCIEDAD SE ENCUENTRA CONSTITUIDA Y DONDE ESTAMOS REGULADOS COMO UNA INSTITUCION FINANCIERA. PROPORCIONAMOS LOS ESTADOS FINANCIEROS ANUALES CONSOLIDADOS EN EL REPORTE 20-F QUE SE PRESENTA PARA CADA AÑO FISCAL ANTE EL SECURITIES AND EXCHANGE COMMISSION. LA INFORMACION FINANCIERA NO CONSOLIDADA CONTENIDA EN EL PRESENTE PODRA SER SUBSTANCIALMENTE DIFERENTE DE NUESTROS RESULTADOS FINANCIEROS CONSOLIDADOS PARA EL MISMO PERIODO.
BALANCE
DE SITUACIÓN
BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
DICIEMBRE 2021 - JUNIO 2022
(En miles de Balboas) *
Julio 25, 2022
Variación
2021
2022
Absoluta
%
Diciembre
Enero
Febrero
Marzo
Abril
Mayo
Junio
Julio
Agosto
Septiembre
Octubre
Noviembre
Diciembre
ACTIVOS
LIQUIDOS
-385,758.66
-30.80
1,252,646.71
1,279,700.07
1,014,536.79
653,320.16
770,165.62
738,481.73
866,888.05
0.00
0.00
0.00
0.00
0.00
0.00
Depósitos
Locales en Bancos
99.06
1.64
6,031.69
3,236.30
8,480.28
5,103.62
8,272.13
8,263.51
6,130.76
0.00
0.00
0.00
0.00
0.00
0.00
A
la Vista
1,849.06
68.95
2,681.69
1,636.30
3,380.28
3,503.62
4,922.13
4,913.51
4,530.76
0.00
0.00
0.00
0.00
0.00
0.00
A Plazo
-1,750.00
-52.24
3,350.00
1,600.00
5,100.00
1,600.00
3,350.00
3,350.00
1,600.00
0.00
0.00
0.00
0.00
0.00
0.00
Depósitos
Extranjeros en Bancos
-385,857.73
-30.95
1,246,615.02
1,276,463.77
1,006,056.51
648,216.54
761,893.49
730,218.23
860,757.29
0.00
0.00
0.00
0.00
0.00
0.00
A
la Vista
-410,857.73
-32.96
1,246,615.02
1,251,463.77
981,056.51
648,216.54
736,893.49
705,218.23
835,757.29
0.00
0.00
0.00
0.00
0.00
0.00
A
Plazo
25,000.00
0.00
0.00
25,000.00
25,000.00
0.00
25,000.00
25,000.00
25,000.00
0.00
0.00
0.00
0.00
0.00
0.00
Menos Provisiones
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
Locales
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
Extranjero
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
Otros
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
CARTERA
CREDITICIA
1,024,935.77
17.98
5,698,896.65
5,531,284.34
5,740,705.63
6,429,334.06
6,571,922.44
6,433,304.33
6,723,832.42
0.00
0.00
0.00
0.00
0.00
0.00
Locales
-43,880.13
-10.21
429,687.89
449,915.21
448,537.61
450,782.90
415,274.05
397,911.24
385,807.76
0.00
0.00
0.00
0.00
0.00
0.00
Extranjero
1,077,789.30
20.30
5,310,087.34
5,123,396.68
5,337,749.63
6,027,076.59
6,205,903.12
6,085,944.90
6,387,876.64
0.00
0.00
0.00
0.00
0.00
0.00
Menos
Provisiones
8,973.40
21.95
40,878.58
42,027.54
45,581.61
48,525.43
49,254.73
50,551.81
49,851.98
0.00
0.00
0.00
0.00
0.00
0.00
Locales
-534.22
-7.95
6,720.73
6,787.32
7,064.17
6,484.52
6,304.07
6,174.93
6,186.51
0.00
0.00
0.00
0.00
0.00
0.00
Extranjero
9,507.62
27.83
34,157.85
35,240.22
38,517.44
42,040.91
42,950.66
44,376.88
43,665.46
0.00
0.00
0.00
0.00
0.00
0.00
INVERSIONES
EN VALORES
276,426.08
33.09
835,464.65
877,315.69
900,609.11
1,101,049.68
1,141,122.90
1,126,248.48
1,111,890.73
0.00
0.00
0.00
0.00
0.00
0.00
Locales
1,302.93
5.71
22,807.68
26,818.67
24,464.80
24,195.28
24,166.21
24,139.05
24,110.61
0.00
0.00
0.00
0.00
0.00
0.00
Extranjero
276,240.02
33.92
814,447.46
852,351.24
878,355.91
1,079,397.43
1,119,599.98
1,104,769.23
1,090,687.48
0.00
0.00
0.00
0.00
0.00
0.00
Menos
Provisiones
1,116.86
62.38
1,790.49
1,854.21
2,211.59
2,543.04
2,643.29
2,659.80
2,907.36
0.00
0.00
0.00
0.00
0.00
0.00
Locales
2.68
5.82
46.00
54.24
49.64
49.27
48.64
48.58
48.68
0.00
0.00
0.00
0.00
0.00
0.00
Extranjero
1,114.19
63.87
1,744.49
1,799.97
2,161.95
2,493.77
2,594.65
2,611.22
2,858.68
0.00
0.00
0.00
0.00
0.00
0.00
OTROS
ACTIVOS
-29,458.11
-11.14
264,472.07
223,269.70
213,827.08
287,841.18
337,536.48
222,483.64
235,013.96
0.00
0.00
0.00
0.00
0.00
0.00
Locales
25,182.44
96.31
26,146.47
25,769.44
38,837.86
-44,124.64
50,586.84
49,087.80
51,328.92
0.00
0.00
0.00
0.00
0.00
0.00
Extranjero
-54,640.55
-22.93
238,325.59
197,500.26
174,989.22
331,965.82
286,949.64
173,395.84
183,685.04
0.00
0.00
0.00
0.00
0.00
0.00
TOTAL
DE ACTIVOS
886,145.08
11.01
8,051,480.07
7,911,569.81
7,869,678.62
8,471,545.07
8,820,747.43
8,520,518.18
8,937,625.16
0.00
0.00
0.00
0.00
0.00
0.00
DEPOSITOS
73,450.54
2.42
3,036,227.92
3,024,973.12
3,052,586.36
3,255,867.58
3,105,378.88
2,922,198.67
3,109,678.46
0.00
0.00
0.00
0.00
0.00
0.00
Locales
73,460.84
12.58
584,139.79
575,480.80
628,356.95
713,323.75
732,839.62
634,931.13
657,600.63
0.00
0.00
0.00
0.00
0.00
0.00
Oficiales
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
De
Particulares
45,775.39
18.95
241,544.54
237,966.45
291,330.38
372,280.05
355,838.96
296,971.24
287,319.93
0.00
0.00
0.00
0.00
0.00
0.00
A
la Vista
1.95
0.03
6,242.76
6,665.18
6,532.74
6,228.82
6,236.10
6,240.53
6,244.70
0.00
0.00
0.00
0.00
0.00
0.00
A Plazo
45,773.44
19.45
235,301.79
231,301.27
284,797.64
366,051.23
349,602.85
290,730.71
281,075.23
0.00
0.00
0.00
0.00
0.00
0.00
De
Ahorros
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
De Bancos
27,685.45
8.08
342,595.24
337,514.35
337,026.57
341,043.70
377,000.67
337,959.89
370,280.70
0.00
0.00
0.00
0.00
0.00
0.00
A
la Vista
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
A Plazo
27,685.45
8.08
342,595.24
337,514.35
337,026.57
341,043.70
377,000.67
337,959.89
370,280.70
0.00
0.00
0.00
0.00
0.00
0.00
Extranjero
-10.30
0.00
2,452,088.13
2,449,492.32
2,424,229.41
2,542,543.83
2,372,539.26
2,287,267.54
2,452,077.84
0.00
0.00
0.00
0.00
0.00
0.00
Oficiales
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
De
Particulares
74,464.23
36.32
204,996.45
287,097.99
315,629.49
272,281.32
262,217.92
299,828.86
279,460.68
0.00
0.00
0.00
0.00
0.00
0.00
A
la Vista
-3,573.07
-64.76
5,517.74
1,696.08
7,241.43
1,285.36
912.38
5,799.83
1,944.68
0.00
0.00
0.00
0.00
0.00
0.00
A Plazo
78,037.29
39.12
199,478.70
285,401.91
308,388.06
270,995.95
261,305.54
294,029.03
277,516.00
0.00
0.00
0.00
0.00
0.00
0.00
De
Ahorros
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
De Bancos
-74,474.52
-3.31
2,247,091.68
2,162,394.33
2,108,599.92
2,270,262.52
2,110,321.34
1,987,438.69
2,172,617.16
0.00
0.00
0.00
0.00
0.00
0.00
A
la Vista
-34,547.78
-9.85
350,595.25
284,525.97
310,530.51
428,622.40
312,993.13
335,337.65
316,047.46
0.00
0.00
0.00
0.00
0.00
0.00
A
Plazo
-39,926.74
-2.11
1,896,496.44
1,877,868.36
1,798,069.41
1,841,640.12
1,797,328.20
1,652,101.03
1,856,569.70
0.00
0.00
0.00
0.00
0.00
0.00
OBLIGACIONES
800,084.18
21.44
3,731,675.21
3,624,113.19
3,582,312.78
3,909,047.69
4,331,745.14
4,312,967.96
4,531,759.38
0.00
0.00
0.00
0.00
0.00
0.00
Locales
39,755.42
0.00
0.00
0.00
0.00
39,739.50
39,744.80
39,750.18
39,755.42
0.00
0.00
0.00
0.00
0.00
0.00
Extranjero
760,328.75
20.37
3,731,675.21
3,624,113.19
3,582,312.78
3,869,308.20
4,292,000.35
4,273,217.78
4,492,003.96
0.00
0.00
0.00
0.00
0.00
0.00
OTROS
PASIVOS
-14,256.10
-5.10
279,339.48
249,830.66
218,546.02
289,586.34
360,578.96
264,926.63
265,083.37
0.00
0.00
0.00
0.00
0.00
0.00
Locales
39,592.64
166.21
23,820.46
28,196.42
25,376.99
52,511.18
46,835.88
71,040.30
63,413.10
0.00
0.00
0.00
0.00
0.00
0.00
Extranjero
-53,848.75
-21.07
255,519.02
221,634.24
193,169.03
237,075.16
313,743.08
193,886.33
201,670.27
0.00
0.00
0.00
0.00
0.00
0.00
PATRIMONIO
26,866.47
2.68
1,004,237.47
1,012,652.84
1,016,233.46
1,017,043.45
1,023,044.45
1,020,424.92
1,031,103.93
0.00
0.00
0.00
0.00
0.00
0.00
Capital
1,213.81
0.43
284,085.03
284,221.09
284,322.15
284,502.95
284,734.96
284,987.99
285,298.85
0.00
0.00
0.00
0.00
0.00
0.00
Reservas
de Capital
0.00
0.00
95,210.15
95,210.15
95,210.15
95,210.15
95,210.15
95,210.15
95,210.15
0.00
0.00
0.00
0.00
0.00
0.00
Otras
Reservas
0.00
0.00
136,018.57
136,018.57
136,018.57
136,018.57
136,018.57
136,018.57
136,018.57
0.00
0.00
0.00
0.00
0.00
0.00
Provisiones
Dinámicas
0.00
0.00
136,018.57
136,018.57
136,018.57
136,018.57
136,018.57
136,018.57
136,018.57
0.00
0.00
0.00
0.00
0.00
0.00
Otras
Reservas
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
Utilidad de Periodos Anteriores
44,919.63
10.27
437,402.81
500,471.97
500,471.97
491,405.08
491,405.08
482,322.44
482,322.44
0.00
0.00
0.00
0.00
0.00
0.00
Utilidad
de Periodo
-28,809.38
-45.68
63,069.15
5,660.16
7,943.51
11,157.53
17,407.60
24,497.60
34,259.77
0.00
0.00
0.00
0.00
0.00
0.00
Ganancia
o Perdida en Valores Disponible para la venta
9,542.41
-82.63
-11,548.26
-8,929.11
-7,732.90
-1,250.83
-1,731.91
-2,611.84
-2,005.85
0.00
0.00
0.00
0.00
0.00
0.00
PASIVO
Y PATRIMONIO
886,145.08
11.01
8,051,480.07
7,911,569.81
7,869,678.62
8,471,545.07
8,820,747.43
8,520,518.18
8,937,625.16
0.00
0.00
0.00
0.00
0.00
0.00
*La
unidad monetaria es par y equivalentes con el US$ dólar.
Esta es una copia de la versión original, tomada de la publicación mensual de la Superintendencia de Bancos de Panamá. (sitioweb: http://www.superbancos.gob.pa).
NOTA: LA INFORMACION INCLUIDA EN EL PRESENTE REPORTE 6-K FUE
PREPARADA EN UNA BASE NO CONSOLIDADA Y EXCLUYE LA INFORMACION FINANCIERA DE BLADEX HOLDINGS INC., BLADEX REPRESENTACAO LTDA., BLX SOLUCIONES S.A DE C.V., BLADEX DEVELOPMENT CORP., SEGUN LO EXIGIDO POR LAS LEYES Y REGULACIONES A LAS CUALES ESTAMOS SUJETOS EN PANAMA, EL PAIS DONDE LA SOCIEDAD SE ENCUENTRA CONSTITUIDA Y DONDE ESTAMOS REGULADOS COMO UNA INSTITUCION FINANCIERA. PROPORCIONAMOS LOS ESTADOS FINANCIEROS ANUALES CONSOLIDADOS EN EL REPORTE 20-F QUE SE PRESENTA PARA CADA AÑO FISCAL ANTE EL SECURITIES AND EXCHANGE COMMISSION. LA INFORMACION FINANCIERA NO CONSOLIDADA CONTENIDA EN EL PRESENTE PODRA SER SUBSTANCIALMENTE DIFERENTE DE NUESTROS RESULTADOS FINANCIEROS CONSOLIDADOS PARA EL MISMO PERIODO.
ESTADO
DE RESULTADOS
BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.
DICIEMBRE 2021 - JUNIO 2022
(En miles de Balboas) *
Julio 25, 2022
2021
2022
Diciembre
Enero
Febrero
Marzo
Abril
Mayo
Junio
Julio
Agosto
Septiembre
Octubre
Noviembre
Diciembre
Acumulado
Ingresos
por Intereses
140,883.25
14,174.85
13,196.32
17,632.98
19,141.32
21,720.11
23,191.39
0.00
0.00
0.00
0.00
0.00
0.00
109,056.99
Préstamos
129,757.85
12,816.24
11,832.50
15,559.59
16,830.81
18,968.91
20,158.35
0.00
0.00
0.00
0.00
0.00
0.00
96,166.40
Depósitos
1,186.05
153.25
148.80
200.85
295.78
581.63
878.97
0.00
0.00
0.00
0.00
0.00
0.00
2,259.27
Inversiones
9,939.34
1,205.37
1,215.03
1,872.55
2,014.73
2,169.57
2,154.07
0.00
0.00
0.00
0.00
0.00
0.00
10,631.32
Arrendamiento
Financiero
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
Otros Ingresos
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
Egresos
de Operaciones
54,833.48
6,095.11
5,881.96
7,496.15
8,953.77
10,485.70
12,151.01
0.00
0.00
0.00
0.00
0.00
0.00
51,063.70
Intereses Pagados
54,093.94
6,015.09
5,834.50
7,430.05
8,874.93
10,411.93
12,062.50
0.00
0.00
0.00
0.00
0.00
0.00
50,628.99
Comisiones
739.54
80.02
47.46
66.10
78.84
73.77
88.51
0.00
0.00
0.00
0.00
0.00
0.00
434.71
Ingreso
Neto de Intereses
86,049.76
8,079.74
7,314.37
10,136.83
10,187.55
11,234.41
11,040.38
0.00
0.00
0.00
0.00
0.00
0.00
57,993.29
Otros Ingresos
244,745.57
11,115.29
7,362.42
43,360.60
52,813.13
48,029.41
42,684.61
0.00
0.00
0.00
0.00
0.00
0.00
205,365.46
Comisiones
19,035.73
1,259.07
1,160.39
1,723.20
1,654.74
1,450.02
1,405.38
0.00
0.00
0.00
0.00
0.00
0.00
8,652.81
Operaciones
con Divisas
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
Dividendos
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
Otros
ingresos
225,709.85
9,856.22
6,202.03
41,637.40
51,158.39
46,579.39
41,279.23
0.00
0.00
0.00
0.00
0.00
0.00
196,712.65
Ingresos de Operaciones
330,795.33
19,195.04
14,676.79
53,497.42
63,000.68
59,263.82
53,725.00
0.00
0.00
0.00
0.00
0.00
0.00
263,358.75
Egresos
Generales
265,727.94
12,960.48
8,344.86
46,795.67
55,574.46
50,690.82
45,788.49
0.00
0.00
0.00
0.00
0.00
0.00
220,154.79
Gastos Administrativos
25,010.94
1,627.91
1,969.77
4,099.93
2,913.37
2,726.90
3,594.49
0.00
0.00
0.00
0.00
0.00
0.00
16,932.36
Gastos
Generales
11,634.59
783.82
808.87
995.74
908.03
1,077.38
1,158.67
0.00
0.00
0.00
0.00
0.00
0.00
5,732.52
Gastos de Depreciación
3,305.19
214.00
221.24
214.27
214.22
210.49
209.34
0.00
0.00
0.00
0.00
0.00
0.00
1,283.56
Otros
Gastos
225,777.22
10,334.75
5,344.99
41,485.73
51,538.84
46,676.06
40,825.99
0.00
0.00
0.00
0.00
0.00
0.00
196,206.36
Utilidad antes de Provisiones
65,067.40
6,234.56
6,331.93
6,701.75
7,426.21
8,573.00
7,936.51
0.00
0.00
0.00
0.00
0.00
0.00
43,203.96
Provisiones
por Cuentas Malas
1,977.19
574.39
4,048.59
3,487.74
1,176.14
1,483.00
-1,825.67
0.00
0.00
0.00
0.00
0.00
0.00
8,944.18
Utilidad del Periodo
63,090.21
5,660.16
2,283.34
3,214.02
6,250.08
7,089.99
9,762.18
0.00
0.00
0.00
0.00
0.00
0.00
34,259.77
*La
unidad monetaria es par y equivalentes con el US$ dólar.
Esta es una copia de la versión original, tomada de la publicación mensual de la Superintendencia de Bancos de Panamá. (sitioweb: http://www.superbancos.gob.pa).
Dates Referenced Herein and Documents Incorporated by Reference
