:: 라미푸드서비스를 방문하여 주셔서 감사합니다 :::::::::::::::::::::::::::::::::::::::::

제목 없음

 

 

 
작성일 : 20-11-22 23:08
penismeogti10.compenis penis penis
 글쓴이 : 기져지비92
조회 : 0  
penismeogti10.compenis penis penis
penis<- 바로가기

ZURICH--( / ) February 08, 2017 -- Fourth quarter highlights

· 3%[1] orders growth driven by large contract awards

· 9% orders growth in the United States and China

· Revenues up 1%

· Power Grids strong growth in orders (up 15%) and revenues (up 4%); Op EBITA margin[2] increased to 10.4%

· Operational EBITA margin 11.7% impacted by default of a large distributor in Turkey and Egyptian currency losses

· Net Income $489 mn versus $204 mn in Q4 2015

Full year 2016 highlights

· Operational EBITA margin up 50 bps to 12.4%

· Operational earnings per share[2] up 4%

· Orders -5% and revenues -1%

· Successful launch of ABB Ability™ - integrating and expanding digital offering

· Cash return on invested capital up 70 bps to 14.1%; free cash flow up 5%

· Cost savings and working capital programs progressing

· 8th consecutive dividend increase to CHF0.76 per share proposed

“We delivered growth in the fourth quarter, driven by the strong performance of Power Grids, in a continued tough market,” said CEO Ulrich Spiesshofer. “Our customers are excited about ABB Ability, which bundles our leading offering as a digital champion in our industry. With the related orders already received, and significant interest, we are building growth momentum as we implement Next Level Stage 3,” he said. “The underlying performance improvement momentum continued and was stronger than the numbers we are reporting if you consider the one-off events that impacted us during the quarter.”

“In 2016, we made significant progress transforming ABB into a more customer focused, leaner, digital technology leader,” Spiesshofer said. “We delivered margin accretion through our continued focus on productivity and cost. Our working capital program, strong cash generation and disciplined capital allocation reflect the new cash culture of ABB. We are delivering on our commitment to attractive shareholder returns.”

Key Figures (To view the table, please visit )

Short-term outlook

Macroeconomic and geopolitical developments are signaling a mixed picture with continued uncertainty. Some macroeconomic signs remain positive in the United States and growth in China is expected to continue. The overall global market remains impacted by modest growth and increased uncertainties, e.g., Brexit in Europe and geopolitical tensions in various parts of the world. Oil prices and foreign exchange translation effects are expected to continue to influence the company’s results. With this and the ongoing transformation of ABB, we expect 2017 to be a transitional year.

Q4 2016 Group results

Orders

Orders increased 3 percent (steady in US dollars) compared with the fourth quarter a year ago, driven primarily by large contract awards. Large orders ($15 million and above) were 35 percent higher (24 percent in US dollars) from large orders in Power Grids and Discrete Automation and Motion. Large orders represented 17 percent of total orders compared with 14 percent in the same quarter a year ago. These large orders included a $640 million ultra-high-voltage direct current systems order for Raigarh-Pugalur in India and a $100 million order for the upgrade of Sylmar converter station of the Pacific Intertie high-voltage direct current power link in the USA. Base orders (below $15 million) were 1 percent lower (4 percent in US dollars); improving in Discrete Automation and Motion, steady in Process Automation and lower in the two remaining divisions. Total service and software orders increased 4 percent (2 percent in US dollars) compared with the fourth quarter of 2015 and represented 20 percent of total orders, slightly higher than the same period a year ago.

The order backlog at the end of December 2016, amounted to $23 billion, 1 percent lower (5 percent in US dollars) compared with the end of 2015. The book-to-bill2 ratio in the fourth quarter was 0.92x compared with 0.89x in the fourth quarter of 2015.

Market overview

Demand patterns in ABB’s three regions:

· Demand in Europe was subdued due to moderate overall growth and timing of large capital investments. Total orders declined 8 percent (12 percent in US dollars) while base orders were stable (3 percent lower in US dollars). Base order demand was positive in Spain, Norway and the United Kingdom while weak in Turkey, France and the Netherlands.

· The Americas was steady mainly driven by increased momentum for transmission and distribution needs. Total orders were steady in the quarter as large order awards offset a base order decline of 3 percent. The United States grew 9 percent (9 percent in US dollars). Base orders were positive in the United States and Mexico and declined in Canada and Brazil.

· Demand in Asia, the Middle East and Africa (AMEA) was strong as India continued to invest in reliable and efficient power transmission solutions and China fostered further investment in industrial automation. Total orders for the region grew 17 percent (13 percent in US dollars) driven by strong order development in India and China. Base orders were 2 percent lower (5 percent in US dollars) as strong order development in India, up 14 percent (12 percent in US dollars) and China up 11 percent (5 percent in US dollars), could not offset declines in Saudi Arabia and other parts of South East Asia.

Demand patterns in ABB’s three major customer sectors:

· Utilities continued their investment activities to upgrade the aging power infrastructure and to integrate renewable energy in the grid.

· In industry, investments in robotics solutions and light industries such as automotive, food and beverage remained positive while demand from the process industries, specifically mining and oil and gas remain subdued.

· Transport and infrastructure demand has been mixed. Demand for building automation solutions as well as solutions involving energy efficiency for rail transport remained strong while the marine sector suffered from a sharp decline due to the subdued oil and gas sector with the exception of cruise ships.

Revenues

Revenues increased 1 percent (3 percent lower in US dollars) in the fourth quarter with revenues higher in Electrification Products and Power Grids. Total services and software revenues increased 2 percent (steady in US dollars) and represented 18.5 percent of total revenues compared with 18.0 percent a year ago.

Operational EBITA

Operational EBITA was $1,057 million, 2 percent lower in constant currencies (4 percent in US dollars). Operational EBITA margin was 11.7 percent, 20 basis points lower compared with the same quarter a year ago. Positive impacts from net savings and volume were offset by business mix and higher bad debt expenses due to the default of a large distributor in Turkey and operational currency losses due to the devaluation in Egypt. The bad debt expense and operational currency losses were $30 million and impacted operational EBITA margin by approximately 30 basis points. Excluding these charges, the operational EBITA margin would have increased. The strong margin improvements in Process Automation and Power Grids did not fully offset these negative and unique events in the other divisions.

ABB modified its definition of Operational EBITA to exclude non-operational pension costs and the impacts from changes in pre-acquisition estimates. The results of previous periods have been adjusted to be presented on a comparable basis.

Net income, Basic and Operational earnings per share

Net income increased to $489 million and basic earnings per share was $0.23 compared with $0.09 for the same quarter of 2015. Restructuring and restructuring-related expenses were significantly lower than the same quarter of 2015. During the quarter, net income also included the positive impact from the reassessment of the restructuring and restructuring-related provisions associated with the white collar productivity program which were reduced by $114 million pre-tax. This adjustment was due to significantly higher than originally expected attrition and internal re-deployment rates.

Net income was also impacted by non-operational pension costs of $38 million pre-tax, which primarily resulted from the change in Norway from a defined benefit to defined contribution pension plan as well as an increase of $92 million pre-tax for estimated warranty costs in the solar business for products which were designed and sold by Power-One prior to the acquisition in 2013. During the long warranty periods of the solar inverters designed and sold by Power-One pre-dating the acquisition in 2013, warranty costs have exceeded the amounts originally estimated.

Operational EPS was $0.33 compared to $0.35 for the same quarter of 2015, a decrease of 3 percent in constant currency.

Cash flow from operating activities

Cash flow from operating activities was $1,519 million, 24 percent lower compared with the fourth quarter of 2015, reflecting ABB’s focus on more stable quarterly cash generation throughout the year.

Q4 divisional performance (To view the table, please visit )

Electrification Products

Total orders reflect lower large orders in the systems business compared with the same period a year ago. Positive order development in China and India could not offset declines in the US, Canada and the United Kingdom. Revenues grew 3 percent in the quarter as a result of the execution of the systems backlog and higher demand in building products. Operational EBITA margin was impacted by the default of a Turkish distributor and Egyptian operational currency losses resulting collectively in a 90 basis points decline to 15.5 percent. Excluding these charges operational EBITA margin would have been steady in the quarter despite adverse mix. Effective January 1, 2017, electric vehicle charging, solar and power quality businesses are transferred from Discrete Automation and Motion and is expected to initially have a dampening effect on the division’s margin.

Discrete Automation and Motion

Total orders grew 4 percent and revenues were steady as continued strong demand patterns in robotics and the light industry more than offset the impacts from capex declines in process industries such as oil and gas. Operational EBITA margin declined 100 basis points compared with the same quarter a year ago mainly impacted by lower margins in solar, unfavorable mix and low capacity utilization. Effective January 1, 2017, electric vehicle charging, solar and power quality businesses are transferred to the Electrification Products Division due to the synergistic opportunities they have with that portfolio. This transfer of business is expected to have a supportive effect on the division’s margin.

Process Automation

Total orders were 14 percent lower as a result of continued capital expenditure reduction in the process industries. Revenues declined 8 percent as higher service revenues could not offset declines in mining and oil and gas. Operational EBITA margin increased 130 basis points to 13.4 percent due to positive mix and successfully implemented cost reduction and productivity measures.

Power Grids

Total orders were 15 percent higher compared with the same quarter a year ago due to significant large contract awards. Such orders included a $640 million ultra-high-voltage direct current order for Raigarh-Pugalur in India and a $100 million order for the upgrade of Sylmar converter station of the Pacific Intertie high-voltage direct current power link in the USA. Revenues increased 4 percent due to steady execution of a healthy order backlog. Operational EBITA margin increased by 90 basis points to 10.4 percent, mainly driven by higher revenues, improved productivity, solid project execution and continued cost savings. These results reflect the success of the “step change” transformation to date. Going forward, the division will continue to drive further transformation and value creation through its “Power Up” program.

Full-year 2016 Group Results

Orders were 5 percent lower (8 percent in US dollars) compared with 2015. Base order development was 2 percent lower (5 percent in US dollars) while large orders were down 24 percent (27 percent in US dollars) reflecting the high order intake in 2015. Total service and software orders grew 3 percent (0 percent in US dollars) to 18.4 percent of total group orders. The book-to-bill2 ratio was 0.99x for 2016.

Revenues were steady (down 5 percent in US dollars) as revenue growth in Power Grids and Electrification Products offset declines in Discrete Automation and Motion and Process Automation. Total services and software revenues grew 3 percent (0 percent in US dollars) to 17.8 percent of total group revenues.

ABB continued to execute its Next Level strategy in 2016 which resulted in a 50 basis points improvement of the operational EBITA margin to 12.4 percent. The main drivers for the group’s enhanced profitability were continued cost savings and productivity measures.

Net income for the year amounted to $1.96 billion, an increase of 2 percent compared to the previous year. Basic earnings per share in the period improved 5 percent to $0.91 and operational earnings per share was $1.29, an increase of 4 percent on a constant currency basis.

Cash flow from operating activities improved 3 percent to $3.9 billion, free cash flow improved 5 percent to $3.2 billion and cash return on invested capital (CROI) increased 70 basis points to 14.1%. Net working capital as a percentage of revenues reduced by 150 basis points to 11.5 percent compared to 2015.

During 2016, ABB returned $2.9 billion in cash to shareholders through the dividend (in the form of a nominal value reduction) and share repurchases.

Dividend

For 2016, the Board has proposed a dividend increase of 0.02 Swiss francs to 0.76 Swiss francs per share. The proposal is in line with the company’s dividend policy to pay a steadily rising, sustainable dividend over time. If approved by shareholders at the company’s annual general meeting on April 13, 2017, the Board proposes that the dividend be paid as an ordinary dividend. The ex-dividend and payout dates in Switzerland are expected in April 2017. Further information will be made available on ABB’s website in due course.

Share buyback program

On September 30, 2016, ABB announced the completion of the share buyback program that was introduced in September 2014. During the buyback program, ABB repurchased approximately 171 million registered shares (equivalent to 7.4 percent of its issued share capital at the launch of the buyback program) for a total amount of approximately $3.5 billion. In October 2016, ABB announced its plans for a new share buyback program of up to $3 billion from 2017 through 2019. This reflects the company’s confidence in the continued strength of ABB’s cash generation and financial position.

Next Level strategy - Stage 3

On October 4, 2016, ABB launched Stage 3 of its Next Level strategy to unlock value for customers and shareholders. The core elements of this included: shaping ABB’s divisions into four market-leading, entrepreneurial units; realizing ABB’s full digital potential; accelerating momentum in operational excellence; and strengthening ABB’s brand.

Driving growth in four market-leading, entrepreneurial units

ABB is driving growth in four market leading entrepreneurial divisions, Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. These divisions were effective January 1, 2017 and are fully operational.

A quantum leap in digital with ABB Ability™

The ABB Ability™ offering combines ABB’s portfolio of digital solutions and services across all customer segments, cementing the group’s leading position in the Fourth Industrial Revolution and supporting the competitiveness of ABB’s four entrepreneurial divisions. With ABB Ability, the company sees an annual addressable market of up to $20 billion.

Accelerating momentum in operational excellence

The White-Collar Productivity savings program is on track to deliver the increased cost reduction target of $1.3 billion, run rate end of 2017. ABB will achieve these additional savings within the initially announced timeframe and for $200 million lower of total combined restructuring program and implementation costs than initially announced. ABB is continuing its regular cost-savings programs to achieve savings equivalent to 3-5 percent of cost of sales each year.

ABB is on track to deliver its Net Working Capital program to free up $2 billion by the end of 2017. As of December 2016, it has freed up approximately $900 million. Net working capital as a percentage of revenues reduced 150 bps to 11.5% compared to 2015.

Strengthening ABB’s brand

ABB is adopting a single corporate brand, consolidating all its brands around the world under one umbrella. ABB’s portfolio of companies is being unified, showcasing the full breadth and depth of the company’s global offering under one master brand. The unified brand plays a key part in realizing the value potential of ABB’s digital offering, as it increased brand loyalty, price premiums and purchase probability.

The brand features design elements intended to clearly articulate ABB’s vision, direction and unique market position to customers, shareholders, employees and all other stakeholders. ABB’s heritage as a pioneering technology leader and the three focus areas of its Next Level strategy are reflected in its new brand promise: “Let’s write the future.”™

Outlook

Macroeconomic and geopolitical developments are signaling a mixed picture with continued uncertainty. Some macroeconomic signs remain positive in the United States and growth in China is expected to continue. The overall global market remains impacted by modest growth and increased uncertainties, e.g., Brexit in Europe and geopolitical tensions in various parts of the world. Oil prices and foreign exchange translation effects are expected to continue to influence the company’s results. With this and the ongoing transformation of ABB, we expect 2017 to be a transitional year.

The attractive long-term demand outlook in ABB’s three major customer sectors ? utilities, industry and transport & infrastructure ? is driven by the Energy and Fourth Industrial Revolutions.

ABB is well-positioned to tap into these opportunities for long-term profitable growth with its strong market presence, broad geographic and business scope, technology leadership and financial strength.

More information

The Q4 and full-year 2016 results press release and presentation slides are available on the ABB News Center at and on the Investor Relations homepage at

ABB will host a press conference today starting at 10:00 a.m. Central European Time (CET) (9:00 a.m. BST, 4:00 a.m. EDT). The event will be accessible by webcast on

A conference call for analysts and investors is scheduled to begin today at 2:00 p.m. CET (1:00 p.m. BST, 8:00 a.m. EDT). Callers from the UK should dial +44 203 059 58 62. From Sweden, the number to dial. is +46 85 051 00 31, and from the rest of Europe, +41 58 310 50 00. Callers from the US and Canada should dial +1 866 291 41 66 (toll free) or +1 631 570 56 13 (long-distance charges apply). Callers are requested to phone in 10 minutes before the start of the call. The call will also be accessible on the ABB website and a recorded session will be available as a podcast one hour after the end of the conference call and can be downloaded from our website

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing more than a 125-year history of innovation, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. ABB operates in more than 100 countries with about 132,000 employees.

INVESTOR CALENDAR 2017

Annual General Meeting (Zurich): April 13, 2017

First quarter 2017 results: April 20, 2017

Second quarter 2017 results: July 20, 2017

Third quarter 2017 results: October 26, 2017

Important notice about forward-looking information

This press release includes forward-looking information and statements as well as other statements concerning the outlook for our business, including those in the sections of this release titled “Short-term outlook”, “Outlook”, “Dividend”, “Share buy back program”, “Q4 divisional performance” and “Next Level strategy - Stage 3”. These statements are based on current expectations, estimates and projections about the factors that may affect our future performance, including global economic conditions, the economic conditions of the regions and industries that are major markets for ABB Ltd. These expectations, estimates and projections are generally identifiable by statements containing words such as “expects,” “believes,” “estimates,” “targets,” “plans,” “is likely”, “intends” or similar __EXPRESSION__s. However, there are many risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking information and statements made in this press release and which could affect our ability to achieve any or all of our stated targets. The important factors that could cause such differences include, among others, business risks associated with the volatile global economic environment and political conditions, costs associated with compliance activities, market acceptance of new products and services, changes in governmental regulations and currency exchange rates and such other factors as may be discussed from time to time in ABB Ltd’s filings with the U.S. Securities and Exchange Commission, including its Annual Reports on Form 20-F. Although ABB Ltd believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved.

Zurich, February 8, 2017

Ulrich Spiesshofer, CEO

[1] Growth rates for orders, revenues and order backlog are on a comparable basis (local currency adjusted for acquisitions and divestitures), previously referred to as ‘like-for-like’. US$ growth rates are presented in Key Figures table

[2] For a reconciliation of non-GAAP measures, see “Supplemental Reconciliations and Definitions” in the attached Q4 2016 Financial Information

[3] Constant currency (not adjusted for portfolio changes)

[4] EPS growth rates are computed using unrounded amounts. Comparable operational earnings per share is in constant currency (2014 exchange rates and not adjusted for changes in the business portfolio)

View source version on businesswire.com:Korea Newswire distributes your news across every media channels through the industry’s largest press release distribution network

GREENWICH, 예스포르노 GREENWICH,/ ) December 12, 2017 -- Interactive Brokers Group, Inc. (NASDAQ 123TOP GREENWICH,a global 아줌마섹스 GREENWICH,brokerage firm, began offering clients the ability to trade bitcoin futures at the start of trading on the Cboe Futures Exchange (CFE) on Sunday night, December 10th, 2017. In addition to offering bitcoin futures from the CFE, under the ticker symbol GXBT, the company plans to 쩍벌댄스 오르가 offer bitcoin futures from the Chicago Mercantile Exchange (CME) at the scheduled start of trading December 18th using the symbol BRR. IBKR was there at 쩍벌댄스 the start of trading penis and its systems operated normally. 쩍벌댄스 고추를빨아요



“Interactive Brokers was on the buy side of the low print 쩍벌댄스 b형여자화풀어주는법 of 14,710,” said Thomas Peterffy, founder, Chairman and CEO of Interactive Brokers. “A Registered Investment Advisor on the Interactive Brokers platform purchased two March contracts in the penis 항문섹스 first minute of penis 항문자위 언니알바 “Interactive



As of 쩍벌댄스 여자친구랑하고싶은일 9:15am ET on Monday, the company penis 후장섹스 said 롱러브콘돔판매사이트 As201 쩍벌댄스 여자친구가섹시해보일때 of penis 여자친구랑할말 its accounts 가슴애무 As쩍벌댄스 항문성교 placed 1,240 trades in bitcoin futures totaling 1,429 contracts penis 대구여자친구랑놀러갈만한곳 representing approximately 50% of exchange recorded volume. The 맛섹은밀한경험 Asvalue of all futures trades at Cboe exceeds $50 million.



The all-in commission penis 밤바다 rate, including exchange and regulatory fees, for bitcoin futures will be US $5.01 per contract for the Cboe product and US $15.01 per contract for the CME product. 쩍벌댄스 중계본동홀덤 TheCFE contract size is for one penis 여자를감동시키는말 bitcoin, and the CME contract size is for five bitcoins. Old and new clients can learn more about trading bitcoin futures QIRT TheIBKR and sign up for 신공덕동맞고 Thetrading permission here.



Due to the extreme volatility of cryptocurrencies, penis 중국레이싱걸노출 clients will be unable to 옥산면화투치기 Duea short position. In addition, only limit orders will be accepted. IBKR’s margin requirement on long positions will be at least 50%. The company will continue to monitor concerns surrounding 쩍벌댄스 남성호르몬부족 the market's ability to process bitcoin futures risk.



Clients penis 그라비아일본 can 쩍벌댄스 마츠가네요코 subscribe to live 서수면홀덤대회 Clientsfor both 쩍벌댄스 장미인애노출영화 penis 장미인애노출영화 Cboe penis 발기강직도 and CME bitcoin futures.



About Interactive Brokers Group, Inc. Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 120 markets in numerous countries and 쩍벌댄스 가슴보형물 penis 가슴보형물 currencies, from a single IB Universal AccountSM to customers worldwide. We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our customers with a penis 예나스테론 uniquely sophisticated platform to manage their investment portfolios at the lowest cost according to Barron's Best Online Brokers review, March 20, 2017. We strive to provide our 쩍벌댄스 고추수술 customers with advantageous 한국성인영화 Aboutprices and trading, risk and portfolio management tools, research facilities and investment products, all at low prices, positioning them to achieve superior returns on investments.



View source version 데일리툰 Viewbusinesswire.com:Korea Newswire distributes 몬부란 Viewnews across every media channels penis through penis 귀요미송섹시버전보기 the industry’s largest penis 섹시귀요미송1탄 press release distribution 쩍벌댄스 굴곡형 배트맨티비 View



스포츠토토배당률 고구마링크 외국연예인동영상 의왕리얼돌성인인형 청룡동립카페 스타크래프트배팅사이트 레이양 스포츠중계털보TV 레고베트맨공략 wetpussygames 외발산동풀싸롱 설리정색 일진홀딩스주식 오형제 여자솔로노래 188BET 장전동유흥문화 카지노알바pokerwang.닷컴 동안구나이트 테크노세미켐 녹천출장안마 테크노카지노게임 아이돌안무실수 한게임바둑이잘하는법 몽블랑지갑 성인만남 내항동풀싸롱 라이브카지노추천 소녀시대FNS가요제 녹번동유흥문화 스타바카라 하이원마운틴콘도 강예빈떡 웅천읍풀싸롱 무릉동성인인형체험 무료성인채팅사이트 세동대딸방 진백림 비아그라판매 실옥동방석집 대출받는방법 소흘읍유흥주점 일산서구성인게임장 권선구유흥거리 대한전선주가 av티비 두산엔진주식 마산성인인형체험 소러넷 비키니왁싱가격 wankoz성인 브레지어여대생 인천영어 애프터스쿨손담비 엠카지노 봉투붙이기부업 여자기피증 성인영화볼수잇는사이트 동면오피 장존동유흥문화 야동주소 온라인경정 은행동출장마사지 자유적금추천 토토리아 김성수결혼 쌍문동나이트 온라인증권계좌개설 밤꽃서버 지방시셔츠 블로그이름 온라인섯다게임 전선도르레 상도동출장마사지 나인뮤지스가터벨트 야인시대 베스트ccm 샤넬가방30159 재희수용소 서윤 거제유흥거리 현기증 우면동성인게임장 신촌유흥 UpLine 정가은구설수 연수구떡집 남자여자색스 클럽섹시 최신사설게임 월드카지노주소 88정효능 명품썬그라스수리 키큰일본아이돌 홍도깨비커뮤니티 부메랑쇼 신동리얼돌성인인형 울산유흥거리 증권학원 다리털 중국ETF 하루날디 부부상담센터 연산동아로마마사지 고산병약 섹스코리아 tvn최은정 reelgame천국 고양이장염 확대콘돔 봉정동유흥주점 영화배우가되려면 사쿠라 길거리노출여 남자자위법 덕명동오피 토토리그 석우동유흥문화 40대모임 효민성형전 티카페 장동성인인형체험 배지현시구 스포츠조선어퍼컷 광복동북창pr 신인가수싸이 스타킹써니 두구동건마 성인게임사이트 써니서현 http://fellvia.com 이재룡 민락동오피 유천동성인용품 회암동레깅스룸 저녁의게임노출 도룡동퍼블릭룸 기가공유추천인 웨이터나라 넷마블하이로우 과학자의종류 인터넷매체 주니어브라팬티 24섹스코리아 대덕동립카페 http://qqqhaseyo.com 기업금융 덕지천동안마 새해신묘년 토렌트쇼미 티카지노 반여동아로마마사지 제이드 김연아봉지 웅천읍떡집 로또575 코리아그라비아사이트 18모아사이트 보지넷 광주시동구성인용품 http://musingame5.com 진해아로마마사지 이선영아나운서노출 밸류스타 노원구퍼블릭룸 무릉동토킹bar 탑금속주식 에이브릴라빈whatthehell 강병규 일반인몰카 꿀떡넷 돈의화신 궁동토킹bar 금촌동안마 더게임 http://sutagame.com 섹스앤더시티영어자막 신규화상채팅 외톨이일반인 대구성인인형체험 구의동레깅스룸 최필립 외국인남자친구선물 간루루엄마 누나잠지만지기 은계동안마 FX외환거래 아름 포이즌움짤 장외주식시세 섹툰 선통대 생리대케이스 정가은셀카 양재동대딸방 강혜정색스씬 SK가스주식 하왕십리동나이트 최악의방송노출 섹시짤방 망월동키스방 지나섹시화보 버블팝팬티 코리아그라비아서지아 웃긴축구짤방 베니툰 덕명동퍼블릭룸 연예인머리 인터넷현금지급 핑크슈가 최지우 연기자오디션 올넷 허브 자운동토킹bar 인화점 산황동유흥주점 차다혜노출 용강동퍼블릭룸 나눔로또645 http://sureman-casino.com 박효신태연 이야기스튜디오 최고의움짤사이트 섹시스커트 답십리립카페 부수익 낭월동떡집 기관투자자 대음순성형 해외토토victo24.com 손담비 성교통증 결혼식알바 곽현화사진논란 딸통령 지아이바이오주식 역삼동성인게임장 70년개띠 RCD마요르카 진잠동토킹bar 무료인터넷주식알박기방송 일본야한영화 모두야 섹쉬란제리 밤의캐슬 타짜바카라주소 신나는노래추천 관고동방석집 amend 먹튀뷰 지방시 미소알바 프리메라리가 2대2소개남녀극과극 미소넷 여가수그룹 마두동리얼돌성인인형 홍수아시구 옥계동풀싸롱 코스닥과코스피의차이 구즉동안마 동영상성인 김연아절벽 야동홈페이지 무비랑 바이킹FK 홍도깨비 평택룸살롱 송혜교대구 고구마 방현동출장마사지 구찌가방231850 뱀장어목욕 브레이브걸스은영 초보주식책 본오동룸싸롱 섹스야한소설 오정동북창pr 철수네 호호툰 2ne1인기카페 세이채팅 다니 성인용품추천 정선콘도 이다해고향 슈퍼주니어천상지희 부전동퍼블릭룸 박현 구찌벨트이미 셀린느카바스 lllilybaby 고양시덕양구퍼블릭룸 포미닛컴백뮤비 http://sportshwi1.com javmost 얼굴합성이미지 국내힙합 차암동나이트 사직동퍼블릭룸 javhihi 야구토토사이트 스포츠서울만화갬블독 고림동방석집 설문조사사이트추천 강남구리얼돌성인인형 강원도유흥문화 최진실 백지영정석원 몽키 팬티스타킹라인 장동건현빈 여자섹스 소유허리돌림 현대캐피탈대출 홍도동유흥거리 상도동카지노펍 써니힐백마는오고있는가 엑소라니아 장위2동오마하홀덤 김태원가요계 박월동성인오락실 섹시화보ucc동영상비키니 구정면성인게임장 http://xn--wr3bm7go9et3m.com 화성인바이러스사기얼짱녀다시... 여친사귀는법 여호와의증인선예 대치4동홀덤펍 사당3동홀덤펍 춘포면성인게임장 이나영고향 브리트니스피어스남편 신공덕동오피 재경관리사취업 솔라쌤 화곡6동포커고수 색스방송 10대비키니쇼핑몰 늑대닷컴 박선영아나운서다리 최신야동 세곡동카지노펍 석탄동홀덤펍 가남읍노래방 섹스앤더시티섹스장면 커피믹스 69-language-selector-ko-kr.conf 청천동유흥거리 지포라이타 김포본좌나이트 과천홀덤룰 화곡3동포커고수 영천동나이트 송마담 손담비노출 윤아닉쿤 번2동홀덤족보 어은동나이트 지나탑걸안무 홍은동포커고수 이수정란제리 주니어팬티 블로그등록 레슬매니아29 장위2동포커고수 최신야오이다운 섹시한섹시화보집속옷 sexinkorea 타미미 러시아색스비디오 토렌트보고 하이닉스주식 을지로4가출장마사지│신당출장마사지│상왕십리출장마사지 정품 조탄동포커고수 나안동인싸포커 조루자가치료 누하동출장마사지 남포동룸싸롱 갈산동홀덤대회 현저동모바일홀덤 xpoko 청산면오마하홀덤 라이브무비 무악동성인게임장 오예스알바 야동사이트추천 어현동홀덤족보 캐릭터 스케쳐스레깅스 24일상한가 오쇠동텍사스홀덤 가희나이 재밌는짤방 유이리지노래 서든어택웃긴동영상 수안동토킹bar 스포츠중계CAPTV 라이브채널TV 송지효사진 트로트신곡 하안동모바일홀덤 용곡동오피 죽전동룸싸롱 양주가라오케 나이트음악 기상캐스터의상협찬 몬부란 중앙동홀덤대회 수진동모바일홀덤 창동레깅스룸 폴스미스가방 녹색비아그라 http://z-sportstoto.com 부부섹스 대명동홀덤바 좌부동레깅스룸 페이스북귀요미송노출 미디어오늘 여고생망사팬티 묘동모바일홀덤 천하장사 개봉동인싸포커 쩌는애니 김량장동북창pr 아남정보기술주식 광진구북창pr 홍제1동카지노펍 에밀리펠드 용두동오피 옥천동텍사스홀덤 증권가찌라시이천수 야오이만화볼수있는사이트만화 영성동레깅스룸 보문동4가오마하홀덤 내척동인싸포커 아이유인피니트 홍도동퍼블릭룸 므네모시네의딸들오프닝 30대여자연예인 대전가요주점 구로3동홀덤카페 아이돌무대실수 야빵 주식비기 김소야 교하동가라오케 삼성동성인게임장 섹시녀의유혹 방학동북창pr 실옥동방석집 어려운게임 이난희대표와30억만들기 아줌마노출사진 북구성인오락실 여자팬티사진 이차노출 용산구가라오케 pornxs 심곡본동홀덤룰 율정동오마하홀덤 녹산동립카페 원동인싸포커 야잘알야사 에이원박시후 신풍동홀덤대회 동대문토킹bar 양대동떡집 웅진동나이트 인월면홀덤바 상교동포커고수 매드하우스 6969announce 바로보고 고도몰 무료섹시동영상 추동가라오케 카트라이더유반장 야한영화순위 박주영여호와의증인 재밌는일본만화 섹시한사쿠라 구포동홀덤룰 용복동성인게임장 우결한선화비키니 상계동성인인형체험 월성동모바일홀덤 신문기사 StudioR3 혜화동포커고수 여선생은수업중 사직동성인게임장 홍지동홀덤룰 MANY 토렌트봄 아이돌콜로세움 하앙하앙 달샤벳가은 ELW종목추천 교하동모바일홀덤 정동출장마사지 디스코팡팡묘기 통인동성인게임장 야한것들 정라동홀덤카페 구성동건마 고척동홀덤족보 가양3동홀덤카페 탑톡 우면동떡집 생리통 니케이 구포동홀덤족보 IWC샤프하우젠 디올선그라스 남자소녀시대출연 김현아나이 도당동오마하홀덤 아이언TV 뮤료섹스동영상 디시인사이드갤러리 망원1동홀덤바 신길6동성인오락실 개포2동인싸포커 정릉3동카지노펍 일반인섹시스타킹 부창동유흥거리 보자클럽 대국민토크쇼 원더걸스컴백 상장동홀덤카페 은행동성인오락실 내동떡집 보레벨 동탄포커고수 신도라에몽2기24화 싸이아버지듣기 방배동출장마사지 망성면텍사스홀덤 보문동7가인싸포커 원덕읍포커고수 오또맘 아이폰동영상보기 초구동성인게임장 애로영화무엇이든지팔아요 협찬사진 버버리패딩 평동성인게임장 토토헬퍼 신천동토킹bar 컬투쇼 누드브라착용법 브이걸노출 참을수없는 원동홀덤카페 용강동북창pr 신풍동홀덤족보 청산면홀덤대회 명천동안마 팬티속만지기 양천구북창pr 오이 aaa컵 다크걸 구로5동성인게임장 퀼트요요 무삭제노출사진 고딩채팅 동점동텍사스홀덤 사이버색스 섹시화보글래머레이싱걸섹시 용정동성인오락실 십정동인싸포커 sexr 군포유흥주점 네이트움짤 나운동성인게임장 연천홀덤카페 도박기업bwin 유양동홀덤바 평화동인싸포커 일어번역사이트 상도1동텍사스홀덤 1090TV 예쁜여자엉덩이사진 속옷모델보미 창신1동홀덤족보 여고생노출증 경북대미용실 라디오스타김흥국김경진 수입속옷도매 각시탈 내탑동풀싸롱 wkbl 연예인바탕화면 여중생셀카 글래머아이돌 쉐도우펌사진 용전동방석집 인터넷자키 성남동오마하홀덤 와룡동홀덤카페 더프랜드존토렌트 염창동포커고수 시카고블랙호크스 수영다리 범일동유흥거리 은행동홀덤대회 http://sportstoto-c.com 동안구성인오락실 종로3가홀덤룰 백보람합성사진보기 sexkoreanet 옥천면풀싸롱 상사미동인싸포커 내발산동출장마사지 성인사이트추천 개봉2동성인게임장 나눔로또619회 MSK질리나 당산동6가홀덤펍 상도동유흥문화 옹달샘노래 조개넷 야사 김종현민선예 세이클럽음악방송 나는펫노출 역삼동태평 공릉1동홀덤대회 역곡동오피 산황동풀싸롱 영화택시 대구대화방 OlimpicDonetsk 유명블로그 하사미동성인게임장 토렌트영화순위 축구스코어 만우동성인오락실 우아동오마하홀덤 포토샵잘라내기 부창동방석집 노무현이명박 은기동홀덤펍 북면홀덤대회 설악면텍사스홀덤 신천동룸싸롱 충정로2가성인게임장 성인용품가격 탄방동토킹bar 부량면홀덤카페 동현동아로마마사지 강친닷컴 종로2가홀덤룰 길음동리얼돌성인인형 괴란동카지노펍 형돈 홍수아양악 연예인그리기 와사비배팅 효민 섹시한만화보기 차도녀스타일 구기동인싸포커 저렴한비키니쇼핑몰 어룡동카지노펍 GoslarerSC http://mt-ssul14.com 월덱스주식 소녀시대영어 광장동노래방 고천동북창pr 성남유흥주점 월미동룸싸롱 올섹시란제리 안산아이롱다운펌 금곡동성인용품 연예인노출동영상 먹중소먹튀검증사이트 뽕짝메들리 문평동대딸방 누드신 먹튀검증업체순위 로또리서치 먹튀폴리스심바 신성동북창pr (주)문화방송 비데나필 야동동영상 논현동유흥주점 아이언맨시리즈 스톰께임 스마트폰카페 불교tv 서초구유흥거리 채유기 현대성우리조트 검증놀이터 하키라이브 금흥동노래방 상지석동리얼돌성인인형 감천동떡집 상도동레깅스룸 중동나이트 섹스사이트 방학동나이트 봉남동가라오케 고잔동유흥문화 선물옵션수수료무료 일반인여자사진 부민동노래방 요암동룸싸롱 슈어맨배너먹튀 일산리얼돌성인인형 베이드라마 탐폰 야애니 검산동방석집 용산구아로마마사지 제시스타 부산홀덤 버스드라이버 움짤매니아 풍력테마 재갈 방축동방석집 일본블로그 http://reelgame-u.com 발기부전수술비용 건전맛사지 대구인터불고카지노 섯다패족보 gs홈쇼핑주식 안철수연구소주식 4minute쩍벌춤 먹튀검증 오은주 회계관리 석계출장안마 토평동안마 음악블로그 여수동건마 http://reelgame-v.com 여성성인용품 크리스탈사복 구랑동출장마사지 신풍출장마사지│대림출장마사지│남구로출장마사지 별양동룸싸롱 또르르반복듣기 가슴수술통증 가오동유흥주점 파는곳방석집 먹튀업체 다대동리얼돌성인인형 섹스스 안전놀이터모음 숏사각수영복 먹튀검증커뮤니티 sk아이폰 나루토멋진사진 김포성인용품 블랙잭카페 금융투자 플래시룰렛게임 죽전동유흥문화 Bucaspor 먹튀닷컴 송수권여승 방동유흥거리 당정동출장마사지 X샵 성기확대수술비용 먹튀중개 ccm영어 mc스나이퍼마법의성 여성비아그라 크레이지본샵 VFX학원 사설바둑이 먹튀수사대 일본방송노출 수수께끼 수안동출장마사지 짤방모음 먹튀폴리스검증업체 직업추천 초지동토킹bar 꽁머니 코코69 전효성노출사진 항동출장마사지 정력에좋은비타민 고니카지노주소 서울호스트바 신월동레깅스룸 죽전동떡집 크리스마스아동양말 xtube 뮤직뱅크송중기 연예인노출합성사진 네임드툰 하얀고양이연예인이되고싶어 먹튀검증커뮤니티 좋은팬션 싸고넷 식만동성인인형체험 프라다고프레 일직동안마 런닝맨윤아다리 장척동립카페 포천레깅스룸 두정동레깅스룸 비치는수영복 도원동안마 인천유나이티드FC 스포츠토토축구 skill 먹튀폴리스믿을만 레지스 대구나이트 마츠모토나나미 먹튀검증스포위키 산내동유흥문화 짭툰 시크릿한선화사진 옵뷰벨소리지우기 스포츠토토배당률보기 섹시이야기 일신동키스방 창원대원초등학교 무료온라인게임 리얼키즈스토리 먹튀중개 장위동노래방 아레나남자수영복세트 외국패션모델 김지원비키니 개경주 창동출장마사지│방학출장마사지│도봉출장마사지 매크로만들기 스타킹섹시 xvideos 이효리소주광고 슈어맨배너먹튀 꽁머니 남규리남자 부산마닐라 꽁짤 정준하은퇴발언 광교동키스방 블로그홍보방법 한국사이버결재주식 블랙잭브라이언혹슬리 섹스동영상다운로드 산황동방석집 연금복권추천 수익률차감주식 tuition 오곡동아로마마사지 색스스타 한게임세븐포커 레이싱걸노출 http://sutagame.com 윙크TV비비앙 야한것들 kbs아이리스 나트륨이온전지관련주 2010년가요계 한승연도끼 미호동북창pr 도당동퍼블릭룸 마마일본가수 야한동영상사이트소개 이사동퍼블릭룸 원천동성인용품 여자섹시노출 멀티화상채팅 이토치나미 무료망가헨타이 불법토토처벌 거래장트레이더 비피팝 네이버룰렛victo24.com 만화섹스 S알나스 미래에셋증권분석 60대 강심장태연자켓 유이세바퀴 월계동대딸방 라디오스타옹달샘 레스폴 벳클 미네랄펌 별양동키스방 바나나몰사이트 마법의돈관리 하렘애니 일본여자연예인화보 북한여행 전국아이돌체전인피니트 남자수영복세트 강원도성인용품 피망장기 삼양동나이트 여아비키니수영복 추천빠징고게임 뉴아넷 썬시티게임 타짜카지노e100x닷컴 인천단란주점 광주결혼정보회사 은지원이혼다단계 PORNDIG서버 이태원클럽 한글예쁜여자이름 쌍문동대딸방 가오동안마 신천출장안마 용준형패션 증권사실전투자대회 삼산동방석집 ITSHIDDEN 용화동떡집 민아유노윤호 신인남자그룹 식도 정자동출장마사지 처진가슴 남자공감랭크쇼 적금비교 레알사라고사 ED-1000 조류독감관련주 차트의종류 배양동출장마사지 주식으로돈벌기 키움증권RP 세인트루이스 한진해운홀딩스주식 주소모아 무료재무설계 이상민 관저동리얼돌성인인형 출렁지나 지나피멍 가오동성인용품 주미동키스방 삼성칸 바람피기좋은날 화성인x파일g컵녀 화성인18세리틀맘 재테크스쿨 산직동아로마마사지 신장동성인게임장 c&s자산관리주식 회춘보한방정력제 보형물 sexmaxx 지미추가방토트백 오륜동나이트 일본배우추천 자양동성인인형체험 짱공유 밍키링크 테마레이더 바나나티비새주소 슈퍼픽 무한도전러시안룰렛결과 성인섹스영상 대정동나이트 UtsiktensBK 1004TV 크리스탈부모님 릴낭트 도봉구룸싸롱 f컵성남혜 호텔패키지 예쁜연예인 정확한배치표 헨타쿠 갤럭시s2 먹튀라이언 가슴골운동 상상마당 오노레모델 성기능보조식품 lllilybaby 임윤아동생 수석동리얼돌성인인형 SJKSeinajoki 삼가동건마 얼사 은정비키니 대사동떡집 영동출장마사지 한복자수 투잡 상서동리얼돌성인인형 주식으로10억벌기 정품프릴리지구매 베이스비비 소룡 뿌잉노출 파라다이스워커힐카지노 축구화 네이버스포츠lol 카렌스가스차 하계동나이트 밀봉생리대 우리온카 아스테라스트리폴리스 나눔로또 SEXE 마포구퍼블릭룸 좋은야동사이트 레이시걸누드보기 박한별속옷화보 아리랑KRX100EW주식 이쁜머리 화성인x파일 박은영아나운서 교대출장마사지 하역망 여중생 구로동레깅스룸 김재경노출움짤 실전게임 신세경오감도노출 청림유흥주점 청호동홀덤펍 영어사전 보수동립카페 구평동유흥주점 장림동키스방 피망 수청동홀덤펍 개포동가라오케 신공덕동홀덤펍 사노동포커고수 중앙로오마하홀덤 정글의법칙w김재경 홀덤바 길음동홀덤바 장위1동홀덤대회 김연아세계선수권일정프리 태장동홀덤펍 입암동성인게임장 영등포동8가인싸포커 발기부전제가격 주부은행대출 구찌가죽시계 섹시한여자모델 길동오마하홀덤 싸이연예인듣기 청학동홀덤펍 합동홀덤바 토너먼트 나운동텍사스홀덤 원샷홀덤사이트 코메도 화성인바이러스f컵녀 왕뤄웨이 손가인노출 지방시로고 낭월동성인인형체험 중학동대딸방 공릉1동모바일홀덤 풍납동방석집 중계1동포커고수 원유관련주 스타킹영국여자 바둑이 윤은혜란제리화보 감곡면홀덤족보 송중동홀덤카페 장기본동홀덤대회 채운동토킹bar 남정동홀덤대회 로또복권619회당첨번호 데이트레이더 원동홀덤룰 남자캐주얼벨트 유이스타킹 [1이닝무득점]콜로라도 유리글래머 SV잔트하우젠 한게임하이로우 캠코리아 오라퀵 용전동대딸방 김유민미니홈피 소녀시대써니 청하면홀덤카페 서다넷 인터넷방송노출 버클공작소 석대동레깅스룸 aaa컵 2pm옥택연혈서 가식걸 실전게임 http://맥시그라정.com 수지홀덤대회 윈도우7작업그룹 북변동풀싸롱 온라인수수료 미국연예인이름 와룡동홀덤바 전라방석집 현아현승열애 경산룸 충현동홀덤족보 가양동포커고수 신일동떡집 사기소동룸싸롱 섹시한여자게임 영화 사진모음집 염창동오피 중앙동성인게임장 메이플스토리5명의영웅 요암동건마 실전게임 무한공유채널 청치마 부수동출장마사지 드래곤플라이주식 인피니티fx중고차 무료야한영화 창동풀싸롱 재미있는야오이만화다운로드 원샷홀덤주소 강남홀덤 멀버리백 부산티머니 구산동노래방 동산동텍사스홀덤 금암동홀덤펍 수석동떡집 몽땅내사랑재방송 인창동방석집 장항동북창pr 짝퉁인피니트 현아가터벨트 포동텍사스홀덤 물관련주 뉴원더풀홀덤 원내동토킹bar 식만동아로마마사지 마오이테일러 천송동출장마사지 고죽동홀덤카페 금성동출장마사지 이현동립카페 개인택시수입 인월면성인오락실