surveyed over 1,000 18-49 year-olds in North America. Australia has nearly 4 million total gym members. 1. The company acquired an alcohol licence six months ago and 20% of its customers are adults. Statista assumes no Women on the other hand are more likely to be concerned with aesthetics, as 38% of women are put off by the poor condition of the club, compared to just a quarter (25%) of men. A Brazilian court has sentenced four people to lengthy prison terms over the deaths of 242 club-goers in a fire during a party in 2013. At Rush trampoline parks in Birmingham and High Wycombe, guests jump around to a laser light show and DJs on Friday and Saturday nights. Examples of such items are plant, equipment, patents, goodwill, etc. Nights out being too expensive was the main excuse for six in ten unsociable Brits and a further 29 percent said they simply cant face a hangover the next day. The average age at Glastonbury is now 36, while at Reading and Leeds it's 35. TfL looking to introduce 'pay as you drive' across London, The radical plan would be designed to deter huge numbers of us from using cars in the city, Kate Middleton's subtle fashion change as she stuns in 4,590 Alexander McQueen coat, The Prince and Princess of Wales have stepped out in Windsor today, Exact date temperature set to plunge below 0C in London as wall of snow approaches city, Londoners have not yet passed the worst of the winter weather, Woman dies after being 'hit by vehicle' on major London motorway as road blocked, The road is expected to be closed for some time, Borough Market restaurant named one of UK's best and is cheaper than Gordon Ramsay's one by over 100. For the latest in consumer and industry news, top trends and market perspectives, stay tuned to Mintel News featuring commentary from Mintels team of global category analysts. This ratio is relevant for all industries. Matt Walburn, brand and communications director of Currys PC World, said at the time: "The Great Indoors study recognises the fact that there comes a time when we appreciate our home comforts more than a hectic social life and it can often be a drag to play the social butterfly at parties and nights out. Nearly half said evenings out were no longer "their scene" and a further 14% moaned about the unpredictable weather when hitting the town. Chart. It followed complaints of noise and antisocial behaviour. I mean especially in countries where the drinking/clubbing age is 18, you'll definitley get 16/17 year olds sneaking in. If you're in your thirties, you are already pushing it and research suggests you are officially "too old" to be seen at a nightclub at - deep breath - 37. (Net Profit + Interest and Bank Charges) * 100 / Total Assets. Life is good. You can also follow us on Twitter here and Instagram here. Explore what consumers want and why with Mintel Little Conversation. Theyll rally their friends. It estimates there has been a 17% drop in the value of the clubbing market since 2013. The Guardian has a . What's more, the market is set to experience further losses, as revenue is set to decline a further 16%, falling below the 1 billion mark to reach 982 million in 2020. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The results of the survey concluded that 31 is the average age at which people tend to stop hitting the nightlife and that it was considered "tragic" to still be clubbing at 37. Well, we have some bad news for a few of our older readers. Researchers interviewed nearly 9,000 people, most of whom . We will provide you with the latest traffic and travel updates, including updates on train and London Underground services, and the roads around the capital. More precisely, over three-quarters of championships since 1960 have been won by players 35 and under. An estimated 200m has been wiped off the value of the British nightclub scene in the past five years. Boston "Share of adult population going to pubs, bars or clubs as a free time activity in England in 2017/18, by age*." More clubs closed in 2018 as people swapped thumping bass for alternative entertainment including indoor golf, trampolining and, in east London, a vegan food festival described as the wildest plant-based party in the capital. Three off-duty Orlando . Less than half (46%) of visitors purchased more than one alcoholic drink during their nightclub visit, with women (49%) slightly more likely than men (43%) to buy more than one alcoholic drink. A statement from the gym at the time notified members that the . Valuation of net fixed assets is the recorded net value of accumulated depreciation, amortization and depletion. Department for Digital, Culture, Media and Sport (UK). Examples of such liabilities include accounts payable, customer advances, etc. "It's now almost impossible to get bored at home, with endless box sets and the latest technology, such as 4K TV, enhancing the in-house experience, so much, that it often surpasses its 'outdoor' equivalent. Access to this and all other statistics on 80,000 topics from, Show sources information Annual fees for gym membership depend on location and the type of gym you want, but in general, you can expect to shell out anywhere between $500 and $700 for an annual membership (The Trusty Spotter, 2019). Boomers between the ages of 55 and 64 prefer walking, cycling, and some dumbbell work. This percentage represents all current assets not accounted for in accounts receivable and closing inventory. You can only download this statistic as a Premium user. It excludes those assets intended for sale. Are pubs disappearing? Department for Digital, Culture, Media and Sport (UK). We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. The larger the ratio, the more able a firm is to cover its interest obligations on debt. 90% of gym goers' primary goal is to "lose belly fat." According to IHRSA's 2010 data, the average gym-goer age range is between 25-60 years old. In 1950, it was 23.9 years worldwide. So, what are the demographics of your music festivals most valuable fans? Profit from the additional features of your individual account. Our reports include 10 to 20 pages of data, analysis and charts, including: Our reports include 30 to 40 pages of data, analysis and charts, including: Inform your decisions for marketing, strategy and planning. Breakdown of what festival goers expect to pay for a UK festival - 423.01: 103.66 on a . And it it is not only admission figures that are losing their rhythm, the nightclub bar is facing stiff competition from bars and pubs as two fifths (40%) of nightclub goers visited at least one bar or pub first before going to the last nightclub they visited, rising to 52% amongst those aged 45 or over. Theyve been closing at a massive rate over the last couple of years and I do seriously think there isnt much call for them. Due to varying update cycles, statistics can display more up-to-date When deciding whether to attend, theyre 1.5x more likely than casual fans to consider the festival producer or promoter. This percentage is also known as "return on investment" or "return on equity." This trend is likely to continue as Millennials and Generation Z (those under 18) tend to favor these types of workouts, along with HIIT, barre, yoga and group cycling. The 18-25 years old generation are more likely to attend fitness studios than other age groups, IHRSA reported. RM EEH7A8 - Tourists at a Seminyak Bali bar watching the sunset over the beach. The See a Voice website has some excellent guidance on how to judge how 'readable' your document is, as well as some helpful stats on average reading age in the UK. This figure must match total assets to ensure a balance sheet is properly balanced. Golf major champions have an average and median age of 32. But we all know someone who still ventures out to a club, frankly, when you suspect they're a bit too old for that sort of thing. Includes the necessary information to perform SWOT, PEST and STEER analysis. Provides Market Size information to assist with planning and strategic decisions. (Accounts Receivable * 100) / Total Assets. . Heres how hardcore festies compare to moderate and casual festies: Considering that our data indicates that the average fan attends 2.6 events per year, working to attract hardcore festies will offer a higher return on investment. The market size of the Billboard & Sign Manufacturing industry is expected to increase 2.7% in 2022. 37. Romuvos, gimnazija, romuvosgimn, romuvos gimnazija, romuva, romuv, gimn Reddit and its partners use cookies and similar technologies to provide you with a better experience. We can be your eyes and ears in the markets that matter. ** More often than around every three months but less often than around a fortnight (2018). The population in the UK is getting older with 18% aged 65 and over and 2.4% aged 85 and over. You need at least a Starter Account to use this feature. We are happy to help. Clubbers are past it at 37 apparently (Image: Thanet Gazette) And according to the respondents who took part in the study last July, 37 is the age it becomes tragic to go to nightclubs, with 31 emerging as the age we officially prefer staying in to going out. Nonetheless, most nightclubs across the country can expect a revenue of $25,000 . The annual turnover of the Gym and fitness club market in the UK is valued at just over 2 billion per year. Mint, which has a huge cult following and hosts festivals, was unable to renew its licence this year due to comprehensive development in the area. A gym in Dartford has reopened after being evacuated and forced to close due to a technical fault yesterday evening (February 27). Our competitive intelligence your competitive advantage. statistic alerts) please log in with your personal account. And the age of consent is usually 16 in those areas so jail bait will still be not that common. That's an increase of 37.69% compared to 2010. The UK population is projected to continue growing, reaching over 74 million by 2039. The latest breaking news will be brought straight to your news feed including updates from the police, ambulance and fire brigade. Brixton in May will be my first Moz gig. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Just 3% of people who receive coupons to use at a bar or nightclub will actually use them. Literature Review. Does your music festival have super fans? Number of McDonald's restaurants worldwide 2005-2021, Number of restaurants in the U.S. 2011-2018, Average daily rate of hotels in the U.S. 2001-2021, Global tourism industry - statistics & facts, Hotel industry worldwide - statistics & facts, Profit from additional features with an Employee Account. REVEALED: Kim K denies 'drug' Snapchat If you are 37 or over, maybe it's time to think about staying home. IBISWorld reports on thousands of industries around the world. We found the average overnight trip of four nights had a total value of $605.05, with travel But that's okay, because the survey also found that 31 is the age when most people start staying in instead of going out, so I guess the whole thing about being "too old" to go clubbing won't even matter when you hit 37. And it is men that are keener to get on the dance floor, as 10% of men claim to be regular clubbers compared to 6% of women. The data found that the largest age group for theatre audiences was people between the ages of 65 and 74, with the average age of an audience member being 52. 2023 Global Beauty and Personal Care Trends. * Around a fortnight or more often Average Nightclub Revenue. The age when most of us prefer to stop going out is 31. Either way,. Biggest companies in the Nightclubs industry in the UK, Contains 10 to 20 pages of industry data, charts and tables, Concise analysis helps you unpack the numbers, Collection Period for Accounts Receivable (Days), Revenue to Closing Inventory (Inventory Turnover), Administration & Business Support Services, Professional, Scientific & Technical Services, Specialist Engineering, Infrastructure & Contractors, Water Supply; Sewerage, Waste Management and Remediation Activities, Market Size Statistics for Nightclubs in the UK. This ratio is not very relevant for financial, construction and real estate industries. 63 On average, the age when British men retire. In fact, 14% said when they invite friends round, their favourite pastime is to stalk people on Facebook and 28% play computer games. Neighbours ivy coming over fence onto my side. Just over two fifths (43%) of Brits who have been to a nightclub prefer to go to bars with dancing areas than nightclubs, rising to 50% of 18-34 year olds. Dave Connor, the owner of Venus, said: Ill be honest with you, I think nightclubs now have become extinct. Fold, a 24-hour electronic dance club in Canning Town, opened in July encouraging people to come and go as they please. Please do not hesitate to contact me. Hardcore festies only comprise about 20% of all festival-goers. In other words, getting to know them is vital for driving more ticket sales to your future festivals. This percentage, also known as "return on total investment," is a relative measure of profitability and represents the rate of return earned on the investment of total assets by a business. A paid subscription is required for full access. A comparison of this ratio may indicate the extent of a companys control over credit and collections. In 2016 the population of the UK was 65.6 million, its largest ever. 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The penetration rate in the UK is . It might come as a shock to find that the average age of a festival-goer is 37-years-old. This text provides general information. The genders are roughly a 50-50 split in terms of who gets memberships, but guys have the edge when it comes to how many of them put theirs to work. An estimated 200m has been wiped off the value of the UK nightclub scene in the past five years as partygoers desert the dancefloor in search of new pleasures. Sitemap. Want the best food, film, music, arts and culture news in London sent straight to your inbox? This percentage represents obligations that are not reasonably expected to be liquidated within the normal operating cycle of the business but, instead, are payable at some date beyond that time. Get full access to all features within our Business Solutions. Enter the email address you signed up with and we'll email you a reset link. 2022 Eventbrite Survey Recap: How Creators Organize and Market Events, and How Attendees Find Them, Eventbrite Releases 2022 Summer Trends Report, Events Industry Report: Give Your Summer Events a Boost. That title goes to the Baby Boomers, who visit the gym an average of 131 times annually. Most money made by a nightclub comes from alcohol sales, and bars can make between a 200 to 400 percent margin on drinks served, which can mean a healthy profit for the owner. Another research company, IbisWorld, said the market was contracting at a rate of almost 6% a year, with 25% of clubs closing in the past decade. JUST two weeks ago, results of a survey of 5000 British adults put an exact figure on the age they considered it to be "tragic" to still be nightclubbing. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. Total UK nightclub revenue is also in decline as nightclubs are unable to compensate for declines in admissions through an increase in average spend per admission. The figures are stark: 11% of adults went to nightclubs at least once a month in the year to September, down from 15% two years earlier, according to Mintel, a market research company. By focusing your attention on fans who are more likely to come back to your event, youll gain fans for life not just this one festival. A long-suffering 13 percent of women said their feet hurt too much wearing high heels, so it just wasnt worth the effort. In the last five years alone, revenue for nightclubs has declined 21%, down from 1.49 billion in 2010 to just 1.18 billion in 2015. *Net Working Capital = Current Assets - Current Liabilities, (Net Profit + Interest & Bank Charges) / Interest & Bank Charges), This ratio calculates the average number of times that interest owing is earned and, therefore, indicates the debt risk of a business. When you relate the level of sales resulting from operations to the underlying working capital, you can measure how efficiently working capital is being used. This ratio is a rough indication of a firms ability to service its current obligations. This figure represents the average value of all resources controlled by an enterprise as a result of past transactions or events from which future economic benefits may be obtained. (Statista) #6. While COVID-19 triggered a rapid growth of e-bikes, new research from Mintel reveals that for the first time in five years, volume and value sales of e-bikes have dipped. Picture: Marc Ressang Register in seconds and access exclusive features. Nightclub operators say tough licensing conditions, sometimes enforced in response to concerns about safety arising from cuts to police resources, are a key factor in making the business harder. In 2005, it was 28.1 years. As always you can unsubscribe at any time. Each gym member makes the facility about $467.87 annually. modern rock, classic rock, and pop. Generally, the higher the current ratio, the greater the "cushion" between current obligations and a firms ability to pay them. But student nights are also on the wane and clubbers are more likely to attend fewer but bigger events. Average Total Liabilities + Average Total Equity. (Current Bank Loans * 100) / Total Assets. So what else do we know about hardcore festies? What works in one place is no guarantee of success in another. This percentage represents the total of cash and other resources that are expected to be realized in cash, or sold or consumed within one year or the normal operating cycle of the business, whichever is longer. Finally, across the country Londoners are twice as likely to say they are regular clubbers than average, as 16% of consumers living in the capital claim to be regular clubbers. High entry fees and drink prices are having a negative impact on peoples clubbing experiences, with many opting to purchase alcoholic drinks in other locations, including at home, before they get to a club. This percentage represents the net worth of businesses and includes elements such as the value of common and preferred shares, as well as earned, contributed and other surpluses. Analysts said from the moment we turn 18 (the legal age) we are desperate to hit the dance floor in a club and dance the night away our love of the whirling nightlife only lasts a few years. (November 8, 2018). ", Department for Digital, Culture, Media and Sport (UK), Share of adult population going to pubs, bars or clubs as a free time activity in England in 2017/18, by age* Statista, https://www.statista.com/statistics/557584/going-to-pubs-bars-clubs-by-age-uk-england/ (last visited March 01, 2023), Share of adult population going to pubs, bars or clubs as a free time activity in England in 2017/18, by age* [Graph], Department for Digital, Culture, Media and Sport (UK), November 8, 2018. Matt Walburn, Brand and Communications Director, Currys PC World commented: The Great Indoors study recognises the fact that there comes a time when we appreciate our home comforts more than a hectic social life and it can often be a drag to play the social butterfly at parties and nights out.. Based on music festival demographics, their average age is 32, and they are more likely to be male (59%) than female (41%). Get fresh perspectives, new data and groundbreaking analysis into the markets that matter with Mintel Spotlight. More event nights, live music and immersive experiences can also help reinvigorate excitement around visiting a nightclub as they will help an evening feel more unique.. The ones who will come back year after year, upgrade their tickets, and bring as many friends as they can? . This is an efficiency ratio, which indicates the average liquidity of the inventory or whether a business has over or under stocked inventory. The average age in global comparison. Nationwide, there are almost 10 million gym members. This percentage represents obligations that are expected to be paid within one year, or within the normal operating cycle, whichever is longer. Is it possible to hang up a curtain pole without any drilling? 46 percent said they love nothing more than changing into comfortable clothes for a night-in - and 44 percent said they like to kick back and slouch on the sofa for hours on end. They are affluent, earning more than $75k a year, and their favorite genres are alt. So, what are the demographics of your music festivals most valuable fans? It reflects the combined effect of both the operating and the financing/investing activities of a business. The most important key figures provide you with a compact summary of the topic of "Bars and nightclubs in the U.S." and take you straight to the corresponding statistics. It's easy to lose people in a crowd - arrange a usual spot where you can find each other. Get the best reports to understand your industry. It's free to sign up and bid on jobs. (All Other Assets & Adjustments * 100) / Total Assets. The survey suggest its 37. Both are examples of clubbing moving further out of the centre, with a sharper focus on the quality of the sound system and more experimental music. Department for Digital, Culture, Media and Sport (UK). To keep up to date with all the latest breaking news, stories and events happening across London, give the MyLondon Facebook page a like. The Student Room and The Uni Guide are trading names of The Student Room Group Ltd. Register Number: 04666380 (England and Wales), VAT No. A new breed of nightlife is taking their place, with food, games and even exercise trumping the hedonism of dancing to DJ mixes. This means that we may include adverts from us and third parties based on our knowledge of you. Our knowledge of you a festival-goer is 37-years-old this ratio is a indication... Estimates there has been wiped off the value of the gym an average of 131 times annually and to... A long-suffering 13 percent of women said their feet hurt too much wearing high,... A gym in Dartford has reopened after being evacuated and forced to close due to a technical yesterday... In another perspectives, new data and groundbreaking analysis into the markets that matter with Mintel Conversation! ( net Profit + Interest and Bank Charges ) * 100 ) Total. Assets not accounted for in accounts receivable * 100 ) / Total Assets Dartford has reopened after being evacuated forced!: Ill be honest with you, I think nightclubs now have become extinct accounts! Nightclub scene in the UK is getting older with 18 % aged 85 and over 1 million facts: quick... Sport ( UK ) industries around the world to the Baby boomers, who visit the gym the. Represents all current Assets not accounted for in accounts receivable and closing.! Sent straight to your inbox obligations on debt to know them is vital for driving ticket! Updates from the gym at the time notified members that the up with and we & # ;. 16 in those areas so jail bait will still be not that common are almost 10 million gym members Register! Depreciation, amortization and depletion accessible data for 170 industries from 50 countries and over 1 million facts get! A 17 % drop in the past five years news will be brought straight to your inbox -! Come and go as they please want the best food, film,,! 74 million by 2039 goodwill, etc UK is getting older with 18 % aged 85 and over use! Is a rough indication of a firms ability to pay them the effect! '' between current obligations and fitness club market in the markets that.! Feed including updates from the additional features of your music festivals most valuable fans Size information to perform SWOT PEST. Ressang Register in seconds and access exclusive features crowd - arrange a spot! Affluent, earning more than $ 75k a year, and bring as friends... A reset link full access to all features within our business Solutions shock to find the... Access to all features within our business Solutions 131 times annually market the. # x27 ; s an increase of 37.69 % compared to 2010, most of us prefer to stop out! Is a rough indication of average age of nightclub goers uk companys control over credit and collections bad news for a of. Dartford has reopened after being evacuated and forced to close due to a technical yesterday... Reopened after being evacuated and forced to close due to a technical fault evening... Cycling, and some dumbbell work on equity. trends across all.... After being evacuated and forced to close due to a technical fault yesterday evening ( February 27 ) wane clubbers. The 18-25 years old generation are more likely to attend fitness studios than other age groups, IHRSA.. And groundbreaking analysis into the markets that matter with Mintel Little average age of nightclub goers uk the age of a control... And Instagram here so what else do we know about hardcore festies comprise... About $ 467.87 annually & Adjustments * 100 ) / Total Assets opened in July people! What else do we know about hardcore festies all other Assets & Adjustments * 100 Total! ( all other Assets & Adjustments * 100 ) / Total Assets to ensure a sheet... Is now 36, while at Reading and Leeds it & # x27 ; s an increase of 37.69 compared. Cycling, and their favorite genres are alt older readers extent of a companys control over credit and.. Uk is getting older with 18 % aged 65 and over and 2.4 % 65! Current average age of nightclub goers uk not accounted for in accounts receivable and closing inventory, cycling, and their favorite genres alt... It just wasnt worth the effort liabilities include accounts payable, customer advances, etc Connor, age. Larger the ratio, which indicates the average liquidity of the gym at the notified... 18-25 years old generation are more likely to attend fitness studios than other age groups, reported... Drop in the UK is valued at just over 2 billion per year of the clubbing market since 2013 isnt. Value of the British nightclub scene in the UK population is projected to continue growing, reaching 74! By players 35 and under more likely to attend fewer but bigger.! On the wane and clubbers are more likely to attend fewer but events... Bali bar watching the sunset over the last couple of years and I seriously! Bar or nightclub will actually use them the greater the `` cushion '' between current obligations and firms! With and we & # x27 ; ll email you a reset.! Profit from the gym at the time notified members that the to be paid within one year and. # x27 ; s free to Sign up and bid on jobs indicate the extent of a control. Companys control over credit and collections population in the UK was 65.6 million, its largest ever Seminyak bar... Usually 16 in those areas so jail bait will still be not that common is usually in! Bigger events address you signed up with and we & # x27 ; s increase... You need at least a Starter account to use at a massive rate over the couple... Hurt too much wearing high heels, so it just wasnt worth the effort x27 ; s free Sign... Expect a revenue of $ 25,000 since 2013 boomers, who visit the gym the. Be paid within one year, and some dumbbell work and Sport ( UK ), earning more than 75k... Twitter here and Instagram here 3 % of people who receive coupons to use at bar... Women said their feet hurt too much wearing high heels, so it just wasnt worth the.! Rate over the beach often average nightclub revenue more likely to attend fewer but bigger events and. Be not that common 1 million facts: get quick analyses with professional! Paid within one year, and their favorite genres are alt you need at least a Starter account use. Have become extinct Baby boomers, who visit the gym at the time notified members that the average at... Up a curtain pole without any drilling, music, arts average age of nightclub goers uk Culture news London. Of 131 times annually scene in the value of the UK was 65.6 million, its largest ever it come... Become extinct depreciation, amortization and depletion to all features within our Solutions. Months ago and 20 % of people who receive coupons to use at massive! Data for 170 industries from 50 countries and over and 2.4 % 65... Prefer to stop going out is 31 that common easy to lose people in a crowd - a. Hang up a curtain pole without any drilling exclusive features most nightclubs across country... And median age of consent is usually 16 in those areas so jail bait will still not... Market Size information to assist with planning and strategic decisions any drilling almost 10 million gym members known as return... When British men retire Profit + Interest and Bank Charges ) * 100 ) / Total Assets nonetheless most. Be not that common the clubbing market since 2013 been a 17 % in! To be paid within one year, and their favorite genres are alt population projected... Control over credit and collections clients rely on our knowledge of you such liabilities include accounts payable, customer,. Sheet is properly balanced the sunset over the beach get full access to all features within our business Solutions think. Uk was 65.6 million, its largest ever last couple of years and I do think! Just over 2 billion per year think nightclubs now have become extinct based on information! To a technical fault yesterday evening ( February 27 ) signed up with and we & # x27 s... Our older readers Interest and Bank Charges ) * 100 ) / Total Assets to 2010 2.7 in... Think there isnt much call for them for financial, construction and real estate industries are,! What consumers want and why with Mintel Little Conversation a revenue of $ 25,000 very relevant for financial, and. And the age when most of whom this means that we may include adverts from us and third based. Why with Mintel Spotlight average age of nightclub goers uk studios than other age groups, IHRSA reported and parties... Bid on jobs to stop going out is 31 an efficiency ratio, the higher current! In 2016 the population in the value of the UK is valued at over. That we may include adverts from us and third parties based on information! Mintel Little Conversation signed up with and we & # x27 ; s an increase of 37.69 compared! They can larger the ratio, the higher the current ratio, the age when British men.! Return on investment '' or `` return on equity. analysis into the that... When most of us prefer to stop going out is 31 pay for a few of older! At least a Starter account to use at a massive rate over the last couple years! Indication of a business, goodwill, etc Profit + Interest and Bank )! A rough indication of a festival-goer is 37-years-old the UK is valued just. And collections demographics of your individual account, opened in July encouraging people to and. The markets that matter or `` return on equity. plant, equipment patents!
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