MDS Energy Public 2013-a (MDSE) 10-Q 13 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013
Document and Entity Information [Abstract]	'
Entity Registrant Name	'MDS ENERGY PUBLIC 2013-A LP
Entity Central Index Key	'0001551390
Trading Symbol	'mdse
Entity Current Reporting Status	'Yes
Current Fiscal Year End Date	'--12-31
Entity Filer Category	'Smaller Reporting Company
Entity Partnership Units Outstanding	0
Document Type	'10-Q
Document Period End Date	30-Sep-13
Amendment Flag	'false
Document Fiscal Year Focus	'2013
Document Fiscal Period Focus	'Q3

CONDENSED_BALANCE_SHEETS_unaud

CONDENSED BALANCE SHEETS (unaudited) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Assets	'	'
Cash	$100	'	[1]
Total assets	100	'	[1]
Liabilities	'	'
Total liabilities	'	'	[1]
Commitments and contingencies	'	'	[1]
Members' equity	'	'
Partners capital	100	100	[1]
Subscriptions receivable	'	-100	[1]
Total members' deficit	100	'	[1]
Total liabilities and members' equity	$100	'	[1]
[1]	Derived from December 31, 2012 audited balance sheet

ORGANIZATION_AND_NATURE_OF_OPE

ORGANIZATION AND NATURE OF OPERATIONS	9 Months Ended
	Sep. 30, 2013
Organization and Nature Of Operations [Abstract]	'
ORGANIZATION AND NATURE OF OPERATIONS	'
	NOTE 1 - ORGANIZATION AND NATURE OF OPERATIONS
	On May 3, 2012 (date of inception), MDS Energy Public 2013-A LP (Partnership), a Delaware limited partnership, was formed for the purpose of drilling developmental dry natural gas wells. However, as of September 30, 2013 the Partnership has virtually no net worth, does not own any properties on which wells will be drilled, has no third-party investors, and has not conducted any operations. The Partnership has a maximum 50-year term, although the Partnership intends to terminate when all of the wells invested in by the Partnership become uneconomical to continue to operate, which may be approximately 15 years or longer. The Partnership was formed by MDS Energy Development, LLC (MDS), a related party, as the managing general partner (MGP) and M/D Gas, Inc. (M/D), a related party, as the initial limited partner. In accordance with the terms of the limited partnership agreement, the managing general partner is authorized to manage all activities of the Partnership and initiates and completes substantially all transactions.
	On May 2, 2013, the Partnership’s registration statement on Form S-1 (File No. 333-181993, 333-181993-01, 333-181993-02 and 333-181993-03) was declared effective for the Partnership’s public offering pursuant to which the Partnership has begun soliciting potential investors with a prospectus on a “best efforts” basis. The Partnership intends to sell between 200 and 30,000 general and/or limited partner units at a price of $10,000 per unit which is $2 million and $300 million, respectively. As of November 7, 2013 509 units have been sold for an aggregate proceeds of $5,090,000 The proceeds from the offering will be used to cover sales commissions, intangible drilling costs and equipment costs associated with the drilling of developmental natural gas and dry natural gas wells in the Marcellus Shale formation in Pennsylvania. On or about October 7, 2013 a total of $2 million was raised and the holders of the units were admitted to the Partnership and the Partnership commenced operations. Investor general partner units will be automatically converted by the Partnership to limited partner units upon the drilling and completion of all of the Partnership’s wells. A well is deemed to be completed when production equipment is installed, even though the well may not yet be connected to a pipeline for production of oil or natural gas.
	The condensed balance sheets of the Partnership as of September 30, 2013 are unaudited. In the Managing General Partner’s opinion the condensed balance sheets include all adjustments, consisting of normal recurring adjustments, considered necessary by management to fairly state the financial position of the Partnership. The Partnership’s fiscal year ends on December 31. The December 31, 2012 condensed balance sheet data was derived from the audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America (“GAAP”). This Quarterly Report on Form 10-Q should be read in connection with the Partnership’s prospectus dated May 2, 2013 which includes all disclosures required by GAAP.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	A summary of significant accounting policies consistently applied by management in the preparation of the accompanying condensed balance sheet follows:
	Use of Estimates - The preparation of the condensed balance sheets in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the balance sheets and accompanying notes. Actual results could differ from those estimates. Estimates that are particularly significant to the balance sheets include estimates of natural gas revenue, natural gas reserves and future cash flows from natural gas properties.
	Organizational and Offering Costs - The managing general partner has agreed to pay all organizational and offering expenses, excluding sales commissions. As of November 7, 2013 approximately $1.315 million in costs have been incurred. The organizational and offering costs paid by the managing general partner (which does not include sales commissions) will be included in the MGP’s capital contributions up to 8% of the Partnership’s subscription proceeds.
	Gas Properties - The Partnership will use the successful efforts method of accounting for gas producing activities. Costs to acquire mineral interests gas properties and to drill and equip wells will be capitalized. Depreciation and depletion will be computed on a field-by-field basis by the unit-of-production method based on periodic estimates of gas reserves. Undeveloped leaseholds and proved properties will be assessed periodically or whenever events or circumstances indicate that the carrying amount of these assets may not be recoverable. Proved properties will be assessed based on estimates of future cash flows. Costs to drill exploratory wells that do not find proved reserves, geological and geophysical costs, and costs of carrying and retaining unproved properties are expensed.
	Production Revenues - The managing general partner and the investors in the Partnership will share in all of the Partnership’s production revenues in the same percentage as their respective capital contribution bears to the Partnership’s total net capital contributions, except that the managing general partner will receive an additional 8% of the Partnership’s production revenues.
	Income Taxes - Since the taxable income or loss of the Partnership is reported in the separate tax returns of the individual partners, no provision has been made for income taxes by the Partnership.
	Accounting for uncertainty in income taxes requires financial statement recognition, measurement and disclosure of uncertain tax positions recognized in an enterprise’s financial statements. Under this guidance, income tax positions must meet a more-likely-than-not recognition threshold at the effective date to be recognized upon the adoption of the standard. The Partnership did not have any unrecognized tax benefits, and there was no effect on its financial condition or results of operations as a result of implementing this standard. When necessary, the Partnership would accrue penalties and interest related to unrecognized tax benefits as a component of income tax expense. The Partnership will file a U.S. federal income tax return, but income will be passed through to the partners.
	Subsequent Events - Subsequent events are defined as events or transactions that occur after the balance sheet date, but before the balance sheets are issued or is available to be issued. Management has evaluated subsequent events through November 7, 2013, the date on which the condensed balance sheets were available to be issued and concluded that no subsequent events, other than those already disclosed within the notes to the balance sheets (See Note 1 above), have occurred that would require recognition in the condensed balance sheets or disclosure in the notes to the condensed balance sheets.

PARTICIPATION_IN_COSTS_AND_REV

PARTICIPATION IN COSTS AND REVENUES	9 Months Ended
	Sep. 30, 2013
Partners Participation In Costs and Revenues [Abstract]	'
PARTICIPATION IN COSTS AND REVENUES	'
	NOTE 3 - PARTICIPATION IN COSTS AND REVENUES
	The following table sets forth how the Partnership’s costs and revenues will be charged and credited between the managing general partner and investors in the Partnership, after deducting from the Partnership’s gross revenues the landowner royalties and any other lease burdens. Some of the line items in the table do not have percentages stated, because the percentages will be determined either by the actual costs incurred by the Partnership to drill and complete its wells or by the final amount of the managing general partner’s capital contribution to the Partnership, which will not be known until after all of the Partnership’s wells have been drilled and completed.
			Managing			Units
			General			Issued
			Partner			by the
						Partnership
	Partnership costs:
	Dealer-Manager fee and organization and offering costs, except sales commissions			100	%		0	%
	Sales Commissions (1)			0	%		100	%
	Lease costs			100	%		0	%
	Intangible drilling costs (2)			0	%		100	%
	Equipment costs (3)			0	%		100	%
	Operating, administrative, direct and all other costs				-4			-4
	Partnership revenues:
	Interest income on subscription proceeds (5)			0	%		100	%
	Equipment proceeds (3)			0	%		100	%
	All other revenues including production revenues and other interest income				(5)(6)(7)			(5)(6)(7)
		-1	The subscription proceeds of investors in the partnership will be used to pay 100% of the sales commissions as discussed in the “Plan Distribution”
		-2	The subscription proceeds of investors in the Partnership will be used to pay 100% of the intangible drilling costs incurred by the Partnership in drilling and completing its wells.
		-3	The subscription proceeds of investors in the Partnership will be used to pay 100% of the equipment costs incurred by the Partnership in drilling and completing its wells. Equipment proceeds, if any and depreciation will also be allocated 100% to investors in the Partnership.
		-4	These costs, which will also include plugging and abandonment costs of the wells after the wells have been drilled, produced and depleted, will be charged to the partners in the same ratio as the related production revenues being credited.
	-5	The subscription proceeds will earn interest until the escrow account is broken and they are paid to the Partnership. This interest will be credited to the investors’ account and paid no later than the Partnership’s first cash distribution from operations. All other interest income, including interest earned on the deposit of operating revenues, will be credited as natural gas and oil production revenues are credited.
	-6	The managing general partner and the investors will share in all of the Partnership’s other revenues in the same percentage that their respective capital contributions bear to the Partnership’s total capital contributions, except that the managing general partner will receive an additional 8% of the Partnership’s revenues.
	-7	If a portion of the managing general partner’s Partnership net production revenue is subordinated, then the actual allocation of Partnership net production revenues between the managing general partner and the investors will vary from the allocation described in (6) above.

PARTNERS_EQUITY

PARTNERS' EQUITY	9 Months Ended
	Sep. 30, 2013
Partners' Capital Notes [Abstract]	'
PARTNERS' EQUITY	'
	NOTE 4 - PARTNERS’ EQUITY
	The Partnership recorded a $100 receivable as of December 31, 2012 from M/D for an initial contribution of $100 (which was subsequently collected in the first quarter of 2013). There have been no further contributions from January 1, 2013 through September 30, 2013.
	A unit in the Partnership represents the individual interest of an investor partner in the Partnership. Transfers and assignments of units are restricted. Furthermore, beginning five years after the offering terminates, investor partners may request that the managing general partner repurchase units (“presentment feature”) provided certain conditions are met. However, notwithstanding the MGP at its sole discretion may immediately suspend the presentation obligation, by giving notice to the investor, if it does not have the necessary cash flow or cannot borrow funds for this purpose on terms it deems reasonable.
	The partnership agreement provides that the managing general partner shall review the accounts of the Partnership at least monthly to determine whether cash distributions are appropriate and the amount to be distributed, if any.
	The partnership agreement provides for the enhancement of investor cash distributions if the Partnership does not meet a performance standard defined in the agreement during the first eight years of operations beginning the earlier of the first full year of operation after all wells begin production or twelve months after the final closing of the Partnership. In general, if the cumulative distributions to the investors is less than 10% of their subscriptions for years one through five; and 7.5% of their subscriptions for years six through eight, the managing general partner will subordinate up to 60% of its share, as managing general partner, of partnership net production revenues.
	The managing general partner is responsible for lease costs and 100% of the organization and offering costs, excluding sales commission, and will not receive a credit to its capital account for any organizational and offering costs incurred in excess of 8% of the subscription proceeds.

RELATEDPARTY_ACTIVITIES

RELATED-PARTY ACTIVITIES	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
RELATED-PARTY ACTIVITIES	'
	NOTE 5 - RELATED-PARTY ACTIVITIES
	MDS, through entities under common ownership, will perform drilling, gathering, transportation, well services and gas marketing for the Partnership and will be paid at competitive rates for these services. The managing general partner will also receive a fully accountable reimbursement for actual administrative costs.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	NOTE 6 - COMMITMENTS AND CONTINGENCIES
	Due to the nature of the natural gas industry, the Partnership is exposed to environmental risks through the services provided to by its affiliated companies.
	The affiliated companies have various policies and procedures to avoid environmental contamination and mitigate the risks from environmental contamination. The affiliated companies conduct periodic reviews to identify changes in its environmental risk profile. Liabilities are accrued when environmental assessments and/or clean-ups are probable and the costs can be reasonably estimated. The Managing General Partner is not aware of any environmental claims existing as of September 30, 2013. However, there can be no assurance that current regulatory requirements will not change or unknown past noncompliance with environmental laws will not be discovered on the affiliated companies properties.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Use of Estimates	'
	Use of Estimates - The preparation of the condensed balance sheets in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the balance sheets and accompanying notes. Actual results could differ from those estimates. Estimates that are particularly significant to the balance sheets include estimates of natural gas revenue, natural gas reserves and future cash flows from natural gas properties.
Organizational and Offering Costs	'
	Organizational and Offering Costs - The managing general partner has agreed to pay all organizational and offering expenses, excluding sales commissions. As of November 7, 2013 approximately $1.315 million in costs have been incurred. The organizational and offering costs paid by the managing general partner (which does not include sales commissions) will be included in the MGP’s capital contributions up to 8% of the Partnership’s subscription proceeds.
Gas Properties	'
	Gas Properties - The Partnership will use the successful efforts method of accounting for gas producing activities. Costs to acquire mineral interests gas properties and to drill and equip wells will be capitalized. Depreciation and depletion will be computed on a field-by-field basis by the unit-of-production method based on periodic estimates of gas reserves. Undeveloped leaseholds and proved properties will be assessed periodically or whenever events or circumstances indicate that the carrying amount of these assets may not be recoverable. Proved properties will be assessed based on estimates of future cash flows. Costs to drill exploratory wells that do not find proved reserves, geological and geophysical costs, and costs of carrying and retaining unproved properties are expensed.
Production Revenues	'
	Production Revenues - The managing general partner and the investors in the Partnership will share in all of the Partnership’s production revenues in the same percentage as their respective capital contribution bears to the Partnership’s total net capital contributions, except that the managing general partner will receive an additional 8% of the Partnership’s production revenues.
Income Taxes	'
	Income Taxes - Since the taxable income or loss of the Partnership is reported in the separate tax returns of the individual partners, no provision has been made for income taxes by the Partnership.
	Accounting for uncertainty in income taxes requires financial statement recognition, measurement and disclosure of uncertain tax positions recognized in an enterprise’s financial statements. Under this guidance, income tax positions must meet a more-likely-than-not recognition threshold at the effective date to be recognized upon the adoption of the standard. The Partnership did not have any unrecognized tax benefits, and there was no effect on its financial condition or results of operations as a result of implementing this standard. When necessary, the Partnership would accrue penalties and interest related to unrecognized tax benefits as a component of income tax expense. The Partnership will file a U.S. federal income tax return, but income will be passed through to the partners.
Subsequent Events	'
	Subsequent Events - Subsequent events are defined as events or transactions that occur after the balance sheet date, but before the balance sheets are issued or is available to be issued. Management has evaluated subsequent events through November 7, 2013, the date on which the condensed balance sheets were available to be issued and concluded that no subsequent events, other than those already disclosed within the notes to the balance sheets (See Note 1 above), have occurred that would require recognition in the condensed balance sheets or disclosure in the notes to the condensed balance sheets.

PARTICIPATION_IN_COSTS_AND_REV1

PARTICIPATION IN COSTS AND REVENUES (Tables)	9 Months Ended
	Sep. 30, 2013
Partners Participation In Costs and Revenues [Abstract]	'
Schedule of partnership's costs and revenue	'
			Managing			Units
			General			Issued
			Partner			by the
						Partnership
	Partnership costs:
	Dealer-Manager fee and organization and offering costs, except sales commissions			100	%		0	%
	Sales Commissions (1)			0	%		100	%
	Lease costs			100	%		0	%
	Intangible drilling costs (2)			0	%		100	%
	Equipment costs (3)			0	%		100	%
	Operating, administrative, direct and all other costs				-4			-4
	Partnership revenues:
	Interest income on subscription proceeds (5)			0	%		100	%
	Equipment proceeds (3)			0	%		100	%
	All other revenues including production revenues and other interest income				(5)(6)(7)			(5)(6)(7)
		-1	The subscription proceeds of investors in the partnership will be used to pay 100% of the sales commissions as discussed in the “Plan Distribution”
		-2	The subscription proceeds of investors in the Partnership will be used to pay 100% of the intangible drilling costs incurred by the Partnership in drilling and completing its wells.
		-3	The subscription proceeds of investors in the Partnership will be used to pay 100% of the equipment costs incurred by the Partnership in drilling and completing its wells. Equipment proceeds, if any and depreciation will also be allocated 100% to investors in the Partnership.
		-4	These costs, which will also include plugging and abandonment costs of the wells after the wells have been drilled, produced and depleted, will be charged to the partners in the same ratio as the related production revenues being credited.
	-5	The subscription proceeds will earn interest until the escrow account is broken and they are paid to the Partnership. This interest will be credited to the investors’ account and paid no later than the Partnership’s first cash distribution from operations. All other interest income, including interest earned on the deposit of operating revenues, will be credited as natural gas and oil production revenues are credited.
	-6	The managing general partner and the investors will share in all of the Partnership’s other revenues in the same percentage that their respective capital contributions bear to the Partnership’s total capital contributions, except that the managing general partner will receive an additional 8% of the Partnership’s revenues.
	-7	If a portion of the managing general partner’s Partnership net production revenue is subordinated, then the actual allocation of Partnership net production revenues between the managing general partner and the investors will vary from the allocation described in (6) above.

ORGANIZATION_AND_NATURE_OF_OPE1

ORGANIZATION AND NATURE OF OPERATIONS (Detail Textuals) (USD $)	0 Months Ended		0 Months Ended
	3-May-13	2-May-13	Nov. 07, 2013	Oct. 07, 2013
		Unit	Subsequent event	Subsequent event
			Unit
Subsequent Event [Line Items]	'	'	'	'
Maximum partnership term (in years)	'50 years	'	'	'
Partnership term (in years)	'15 years or longer	'	'	'
Number of general partnership units	'	200	'	'
Number of limited partnership units	'	30,000	'	'
Price per unit of general and limited partnership units	'	$10,000	'	'
Value of general partnership units	'	2,000,000	'	'
Value of limited partnership units	'	300,000,000	'	'
Capital limit for partner admission	'	'	'	2,000,000
Number of units sold	'	'	509	'
Value of units sold	'	'	$5,090,000	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals) (USD $)	9 Months Ended	0 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Nov. 07, 2013
		Subsequent event
Significant Accounting Policy [Line Items]	'	'
Offering cost	'	$1,315
Maximum percentage of partnership's subscription proceeds for inclusion of organizational and offering costs in the MGP's Capital	'	8.00%
Additional sharing percentage of production revenues	8.00%	'

PARTICIPATION_IN_COSTS_AND_REV2

PARTICIPATION IN COSTS AND REVENUES - Summary of partnership's costs and revenues (Details)	9 Months Ended
	Sep. 30, 2013
Units Issued by the Partnership	'
Partnership costs:	'
Dealer-Manager fee and organization and offering costs, except sales commissions	0.00%
Sales Commissions	100.00%	[1]
Lease costs	0.00%
Intangible drilling costs	100.00%	[2]
Equipment costs	100.00%	[3]
Operating, administrative, direct and all other costs	'	[4]
Partnership revenues:	'
Interest income on subscription proceeds	100.00%	[5]
Equipment proceeds	100.00%	[3]
All other revenues including production revenues and other interest income	'	[5],[6],[7]
Managing General Partner	'
Partnership costs:	'
Dealer-Manager fee and organization and offering costs, except sales commissions	100.00%
Sales Commissions	0.00%	[1]
Lease costs	100.00%
Intangible drilling costs	0.00%	[2]
Equipment costs	0.00%	[3]
Operating, administrative, direct and all other costs	'	[4]
Partnership revenues:	'
Interest income on subscription proceeds	0.00%	[5]
Equipment proceeds	0.00%	[3]
All other revenues including production revenues and other interest income	'	[5],[6],[7]
[1]	The subscription proceeds of investors in the partnership will be used to pay 100% of the sales commissions as discussed in the "Plan Distribution"
[2]	The subscription proceeds of investors in the Partnership will be used to pay 100% of the intangible drilling costs incurred by the Partnership in drilling and completing its wells.
[3]	The subscription proceeds of investors in the Partnership will be used to pay 100% of the equipment costs incurred by the Partnership in drilling and completing its wells. Equipment proceeds, if any and depreciation will also be allocated 100% to investors in the Partnership.
[4]	These costs, which will also include plugging and abandonment costs of the wells after the wells have been drilled, produced and depleted, will be charged to the partners in the same ratio as the related production revenues being credited.
[5]	The subscription proceeds will earn interest until the escrow account is broken and they are paid to the Partnership. This interest will be credited to the investors' account and paid no later than the Partnership's first cash distribution from operations. All other interest income, including interest earned on the deposit of operating revenues, will be credited as natural gas and oil production revenues are credited.
[6]	The managing general partner and the investors will share in all of the Partnership's other revenues in the same percentage that their respective capital contributions bear to the Partnership's total capital contributions, except that the managing general partner will receive an additional 8% of the Partnership's revenues.
[7]	If a portion of the managing general partner's Partnership net production revenue is subordinated, then the actual allocation of Partnership net production revenues between the managing general partner and the investors will vary from the allocation described in (6) above.

PARTICIPATION_IN_COSTS_AND_REV3

PARTICIPATION IN COSTS AND REVENUES (Detail Textuals)	9 Months Ended
	Sep. 30, 2013
Partners Participation In Costs and Revenues [Abstract]	'
Percentage end use of subscription proceeds to pay sales commission	100.00%
Percentage end use of subscription proceeds to pay intangible drilling costs	100.00%
Percentage end use of subscription proceeds to pay equipment costs	100.00%
Percentage end use of subscription proceeds allocated to depreciation	100.00%
Additional sharing percentage of production revenues	8.00%

PARTNERS_EQUITY_Detail_Textual

PARTNERS' EQUITY (Detail Textuals) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Partners' Capital Notes [Abstract]	'	'
Subscriptions receivable	'	$100	[1]
Initial capital contribution	$100	$100	[1]
[1]	Derived from December 31, 2012 audited balance sheet

PARTNERS_EQUITY_Detail_Textual1

PARTNERS' EQUITY (Detail Textuals 1)	9 Months Ended
	Sep. 30, 2013
Partners' Capital Notes [Abstract]	'
Period of performance standard as defined in the agreement	'8 years
Period of performance standard after final closing of partnership	'12 months
Minimum cumulative distributions for year one through five	10.00%
Minimum cumulative distributions for years six through eight	7.50%
Percentage share subordinate up on non performance of cumulative distributions	60.00%
Terms under partnership agreement	'
	The partnership agreement provides for the enhancement of investor cash distributions if the Partnership does not meet a performance standard defined in the agreement during the first eight years of operations beginning the earlier of the first full year of operation after all wells begin production or twelve months after the final closing of the Partnership.

PARTNERS_EQUITY_Detail_Textual2

PARTNERS' EQUITY (Detail Textuals 2) (Managing General Partner)	9 Months Ended
	Sep. 30, 2013
Managing General Partner	'
Partners Capital [Line Items]	'
Percentage of organization and offering costs, excluding sales commission	100.00%
Percentage of organizational and offering costs in excess of subscription proceeds	8.00%