10-Q Filing

JEWETT CAMERON TRADING CO LTD CIK: 885307 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001217160-17-000139`
Period End Date	20170531
Filing Date	20170717
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	jctcf-20170531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 75 Cash Flow Statement 69 Stockholders Equity 14

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`Cash`	$4.87M	USD	Point-in-time
Cash	`Cash`	$4.42M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$4.52M	USD	Point-in-time
Cash	`Cash`	$6.29M	USD	Point-in-time
Accounts receivable, net of allowance of $Nil (August 31, 2016 - $Nil)	`AccountsReceivableNetCurrent`	$5.53M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $Nil (August 31, 2016 - $Nil)	`AccountsReceivableNetCurrent`	$3.34M	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventory, net of allowance of $157,879 (August 31, 2016 - $176,717)	`InventoryNet`	$8.05M	USD	Point-in-time
Inventory, net of allowance of $157,879 (August 31, 2016 - $176,717)	`InventoryNet`	$8.07M	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$832.89K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	21.57M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	21.57M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$772.80K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	2.29M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	2.29M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$596.00	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	2.29M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$16.76M	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	2.29M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$19.23M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.95M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.15M	USD	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Accounts Receivable allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Inventory allowance	`InventoryAdjustments`	$176.72K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$96.01K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$150.54K	USD	Point-in-time
Inventory allowance	`InventoryAdjustments`	$157.88K	USD	Point-in-time
Total assets	`Assets`	$22.48M	USD	Point-in-time
Total assets	`Assets`	$19.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$891.62K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$839.97K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.47M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.71M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$317.07K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.31M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$33.52K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$31.35K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.35M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.95M	USD	Point-in-time
Contingent liabilities and commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingent liabilities and commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Capital stock Authorized 21,567,564 common shares, without par value 10,000,000 preferred shares, without par value Issued 2,286,294 common shares (August 31, 2016 - 2,286,294)	`CommonStockValue`	$1.08M	USD	Point-in-time
Capital stock Authorized 21,567,564 common shares, without par value 10,000,000 preferred shares, without par value Issued 2,286,294 common shares (August 31, 2016 - 2,286,294)	`CommonStockValue`	$1.08M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$600.80K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$600.80K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$17.85M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$15.85M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.52M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$19.87M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$22.48M	USD	Point-in-time

Income Statement 75 line items

Line Item	Tag	Value	Unit	Period
SALES	`SalesRevenueNet`	$16.72M	USD	1 Quarter
SALES	`SalesRevenueNet`	$14.46M	USD	1 Quarter
SALES	`SalesRevenueNet`	$37.59M	USD	3 Qtrs
SALES	`SalesRevenueNet`	$36.64M	USD	3 Qtrs
COST OF SALES	`CostOfGoodsSold`	$30.00M	USD	3 Qtrs
COST OF SALES	`CostOfGoodsSold`	$11.28M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$28.30M	USD	3 Qtrs
COST OF SALES	`CostOfGoodsSold`	$12.91M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$7.59M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$3.18M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$8.34M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$3.81M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.62M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$466.01K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.47M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$542.58K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$84.69K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$82.98K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$226.96K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$222.70K	USD	3 Qtrs
Wages and employee benefits	`LaborAndRelatedExpense`	$1.24M	USD	1 Quarter
Wages and employee benefits	`LaborAndRelatedExpense`	$1.05M	USD	1 Quarter
Wages and employee benefits	`LaborAndRelatedExpense`	$3.02M	USD	3 Qtrs
Wages and employee benefits	`LaborAndRelatedExpense`	$3.28M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$-1.79M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-1.67M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-4.97M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$-4.86M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.50M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.73M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$3.36M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$2.02M	USD	1 Quarter
(Loss) gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$5.60K	USD	3 Qtrs
(Loss) gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-393.00	USD	3 Qtrs
Interest and other income	`InterestAndOtherIncome`	$2.40K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$2.98K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$13.54K	USD	3 Qtrs
Interest and other income	`InterestAndOtherIncome`	$6.22K	USD	3 Qtrs
Interest expense	`InterestExpense`	$-27.00	USD	3 Qtrs
Litigation expense	`LitigationSettlementExpense`	-	USD	1 Quarter
Litigation expense	`LitigationSettlementExpense`	-	USD	3 Qtrs
Litigation expense	`LitigationSettlementExpense`	$-115.99K	USD	3 Qtrs
Litigation expense	`LitigationSettlementExpense`	-	USD	1 Quarter
Total other items	`OtherIncome`	$-96.88K	USD	3 Qtrs
Total other items	`OtherIncome`	$5.83K	USD	3 Qtrs
Total other items	`OtherIncome`	$2.40K	USD	1 Quarter
Total other items	`OtherIncome`	$2.98K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$2.63M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$3.37M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.51M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$2.03M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-819.50K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-1.37M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$-599.20K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-1.06M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$908.73K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.57M	USD	3 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.64	USD	3 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.88	USD	3 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.64	USD	3 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.88	USD	3 Qtrs
Weighted average number of common shares outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.47M	shares	3 Qtrs
Weighted average number of common shares outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.46M	shares	1 Quarter
Weighted average number of common shares outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.29M	shares	1 Quarter
Weighted average number of common shares outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.29M	shares	3 Qtrs
Weighted average number of common shares outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.29M	shares	3 Qtrs
Weighted average number of common shares outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.46M	shares	1 Quarter
Weighted average number of common shares outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.29M	shares	1 Quarter
Weighted average number of common shares outstanding: Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.47M	shares	3 Qtrs

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$908.73K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.57M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$84.69K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$82.98K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$226.96K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$222.70K	USD	3 Qtrs
Loss (gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$5.60K	USD	3 Qtrs
Loss (gain) on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-393.00	USD	3 Qtrs
Deferred income tax expense (recovery)	`DeferredFederalIncomeTaxExpenseBenefit`	$-33.60K	USD	1 Quarter
Deferred income tax expense (recovery)	`DeferredFederalIncomeTaxExpenseBenefit`	$-30.10K	USD	3 Qtrs
Deferred income tax expense (recovery)	`DeferredFederalIncomeTaxExpenseBenefit`	$2.16K	USD	3 Qtrs
Deferred income tax expense (recovery)	`DeferredFederalIncomeTaxExpenseBenefit`	$-2.38K	USD	1 Quarter
Interest income on litigation	`InterestIncomeOther`	$-6.66K	USD	3 Qtrs
Decrease in litigation reserve	`IncreaseDecreaseInOtherDeposits`	$-84.01K	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.19M	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-694.19K	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-984.80K	USD	1 Quarter
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-597.84K	USD	1 Quarter
Decrease in inventory	`IncreaseDecreaseInInventories`	$15.35K	USD	3 Qtrs
Decrease in inventory	`IncreaseDecreaseInInventories`	$1.05M	USD	3 Qtrs
Decrease in inventory	`IncreaseDecreaseInInventories`	$832.58K	USD	1 Quarter
Decrease in inventory	`IncreaseDecreaseInInventories`	$213.12K	USD	1 Quarter
Decrease in note receivable	`IncreaseDecreaseInNotesReceivables`	$1.31K	USD	3 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$34.89K	USD	1 Quarter
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$60.09K	USD	3 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-271.86K	USD	1 Quarter
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-61.25K	USD	3 Qtrs
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$26.57K	USD	3 Qtrs
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$596.00	USD	3 Qtrs
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$159.03K	USD	1 Quarter
Decrease in prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$149.49K	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$689.43K	USD	3 Qtrs
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$974.53K	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.25M	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$287.93K	USD	3 Qtrs
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$317.07K	USD	3 Qtrs
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$317.07K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.44M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$717.03K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.89M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.69M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-31.62K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-79.52K	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-368.37K	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-33.35K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.48K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.60K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-73.92K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.35K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-364.88K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.62K	USD	1 Quarter
Redemption of common stock	`RedemptionOfCommonStock`	$-745.88K	USD	1 Quarter
Redemption of common stock	`RedemptionOfCommonStock`	$-745.88K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-745.88K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-745.88K	USD	1 Quarter
Net increase in cash	`CashPeriodIncreaseDecrease`	$1.87M	USD	3 Qtrs
Net increase in cash	`CashPeriodIncreaseDecrease`	$2.85M	USD	1 Quarter
Net increase in cash	`CashPeriodIncreaseDecrease`	$657.59K	USD	1 Quarter
Net increase in cash	`CashPeriodIncreaseDecrease`	$352.15K	USD	3 Qtrs
Cash, beginning of period	`Cash`	$4.87M	USD	Point-in-time
Cash, beginning of period	`Cash`	$4.42M	USD	Point-in-time
Cash, beginning of period	`Cash`	$4.52M	USD	Point-in-time
Cash, beginning of period	`Cash`	$6.29M	USD	Point-in-time
Cash, end of period	`Cash`	$4.87M	USD	Point-in-time
Cash, end of period	`Cash`	$4.42M	USD	Point-in-time
Cash, end of period	`Cash`	$4.52M	USD	Point-in-time
Cash, end of period	`Cash`	$6.29M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.53M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.52M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.52M	USD	Point-in-time
Shares repurchased and cancelled, value	`SharesRepurchasedAndCancelledValue`	$-2.12M	USD	Annual
Shares repurchased and cancelled, shares	`StockRepurchasedAndRetiredDuringPeriodShares`	63,386.00	shares	1 Quarter
Shares repurchased and cancelled, shares	`StockRepurchasedAndRetiredDuringPeriodShares`	112,152.00	shares	1 Quarter
Net income	`ProfitLoss`	$2.13M	USD	Annual
Net income	`ProfitLoss`	$2.00M	USD	3 Qtrs
Net income	`ProfitLoss`	$1.21M	USD	1 Quarter
Net income	`ProfitLoss`	$908.73K	USD	1 Quarter
Net income	`ProfitLoss`	$1.57M	USD	3 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.53M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.52M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.52M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.