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Power Generation & Distribution

KEL K-Electric Limited

Latest results: FY2024 · Jun 2024

Last close · 16 Oct 2026

Rs 6.09 +3.05%

Quarterly · Q1 FY2020 – Q4 FY2024

K-Electric Limited (KEL) quarterly balance sheet

At the end of Q4 FY2024 (Apr – Jun 2024) K-Electric Limited had total assets of Rs 717.0 bn, down 30.0% on Q4 FY2023. Current assets of Rs 219.7 bn covered current liabilities of Rs 374.1 bn 0.59 times. Total debt was Rs 267.0 bn, net debt Rs 257.0 bn. Shareholders' equity was Rs 115.8 bn (Rs 4.19 per share), 16.2% of total assets.

KEL balance sheet (quarterly) (Rs bn)
Rs bn Q4 FY2024 Apr – Jun 2024 Q3 FY2024 Jan – Mar 2024 Q2 FY2024 Oct – Dec 2023 Q1 FY2024 Jul – Sep 2023 Q4 FY2023 Apr – Jun 2023 Q3 FY2023 Jan – Mar 2023 Q2 FY2023 Oct – Dec 2022 Q1 FY2023 Jul – Sep 2022 Q4 FY2022 Apr – Jun 2022 Q3 FY2022 Jan – Mar 2022 Q2 FY2022 Oct – Dec 2021 Q1 FY2022 Jul – Sep 2021 Q4 FY2021 Apr – Jun 2021 Q3 FY2021 Jan – Mar 2021 Q2 FY2021 Oct – Dec 2020 Q1 FY2021 Jul – Sep 2020 Q4 FY2020 Apr – Jun 2020 Q3 FY2020 Jan – Mar 2020 Q2 FY2020 Oct – Dec 2019 Q1 FY2020 Jul – Sep 2019
Assets
Cash & short-term investments 9.9 7.9 7.5 15.2 7.1 4.7 4.1 5.2 2.9 2.3 1.2 2.7 2.4 2.0 1.2 2.1 3.1 2.2 0.6 4.1
Trade receivables 118.4 93.4 95.6 103.5 104.5 97.5 76.4 106.1 137.0 97.6 87.5 108.6 104.7 94.5 91.7 105.3 99.8 101.2 97.5 107.6
Inventories 24.1 25.3 23.5 20.1 18.7 17.8 16.9 19.1 17.1 19.9 20.7 20.3 16.1 16.7 15.4 15.1 13.0 14.5 15.1 12.8
Other current assets 2.2 2.2 2.2 2.3 2.3 2.0 1.6 1.6 1.1 — — — — — — — — — — —
Total current assets 219.7 328.1 317.3 409.8 416.8 568.3 578.3 592.8 551.0 495.1 460.0 439.6 408.0 382.4 356.9 360.1 339.0 351.0 321.9 308.6
Property, plant & equipment 472.7 464.0 454.5 444.0 580.3 511.6 504.0 494.4 489.3 452.3 439.5 429.8 424.1 403.5 377.3 364.0 361.0 351.8 348.8 328.0
Intangible assets 0.7 0.8 0.9 1.0 1.2 0.8 0.9 0.6 0.5 0.5 0.3 0.3 0.4 0.2 0.2 0.3 0.3 0.3 0.3 0.4
Long-term investments 2.8 2.8 2.8 2.8 2.9 2.9 2.9 2.9 2.9 2.9 3.0 3.0 3.0 3.0 3.0 3.0 3.0 — — —
Other non-current assets 20.6 21.1 22.0 23.0 23.4 21.2 17.3 17.9 16.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total non-current assets 497.3 488.7 480.2 470.9 607.8 536.5 525.1 515.7 509.1 456.0 443.0 433.3 427.7 406.7 380.5 367.3 364.4 352.1 349.2 328.4
Total assets 717.0 816.8 797.5 880.7 1,024.6 1,104.8 1,103.4 1,108.5 1,060.1 951.0 903.0 872.9 835.7 789.1 737.5 727.4 703.4 703.1 671.0 637.0
Liabilities
Trade payables 200.4 338.0 301.8 357.9 284.9 414.9 419.1 425.2 379.1 366.1 330.2 324.9 297.6 264.7 232.1 232.4 217.6 194.7 171.5 160.7
Short-term borrowings & current portion of debt 121.8 82.2 97.2 117.8 129.2 148.1 151.0 135.3 131.2 119.6 113.9 128.4 123.8 116.5 94.6 90.0 84.1 98.7 92.4 95.3
Total current liabilities 374.1 471.4 449.2 527.1 515.2 668.3 670.3 662.1 608.1 579.4 535.3 541.5 505.9 461.1 407.3 403.5 379.5 371.5 341.0 334.2
Long-term debt 145.2 153.2 162.1 174.3 180.6 169.2 154.2 159.6 151.9 99.2 94.5 59.1 60.5 64.5 69.8 70.6 71.5 73.6 73.3 47.0
Other non-current liabilities 81.9 77.1 75.2 74.2 73.8 56.7 55.9 53.1 50.1 47.0 45.9 45.6 45.3 43.4 42.8 41.5 41.8 40.9 40.4 39.6
Total non-current liabilities 227.0 230.4 237.3 248.5 254.4 225.9 210.1 212.7 202.0 146.2 140.4 104.6 105.8 107.8 112.6 112.1 113.3 114.5 113.7 86.6
Total liabilities 601.2 701.8 686.5 775.6 769.6 894.2 880.4 874.8 810.0 725.6 675.8 646.1 611.7 569.0 519.9 515.6 492.8 486.0 454.8 420.9
Equity
Share capital 96.3 96.3 96.3 96.3 96.7 96.7 96.7 96.7 96.7 96.7 96.7 96.7 96.7 96.7 96.7 96.7 96.7 96.7 96.7 96.7
Reserves & retained earnings 19.6 18.8 14.7 8.9 156.8 112.5 124.9 135.6 151.9 127.3 129.1 128.7 125.8 121.9 119.4 113.6 112.5 118.9 118.1 118.0
Equity attributable to shareholders 115.8 115.0 110.9 105.1 255.0 210.6 223.0 233.7 250.1 225.4 227.3 226.9 224.0 220.1 217.5 211.8 210.7 217.1 216.3 216.2
Non-controlling interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total equity 115.8 115.0 110.9 105.1 255.0 210.6 223.0 233.7 250.1 225.4 227.3 226.9 224.0 220.1 217.5 211.8 210.7 217.1 216.3 216.2
Total liabilities & equity 717.0 816.8 797.5 880.7 1,024.6 1,104.8 1,103.4 1,108.5 1,060.1 951.0 903.0 872.9 835.7 789.1 737.5 727.4 703.4 703.1 671.0 637.0
Key figures
Total debt 267.0 235.4 259.3 292.1 309.8 317.2 305.1 295.0 283.1 218.8 208.5 187.4 184.3 181.0 164.4 160.6 155.6 172.3 165.7 142.2
Net debt / (net cash) 257.0 227.6 251.8 276.9 302.7 312.5 301.0 289.8 280.2 216.6 207.3 184.8 181.9 179.0 163.2 158.5 152.5 170.1 165.1 138.1
Shares outstanding mn 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2
Common equity 115.8 115.0 110.9 105.1 255.0 210.6 223.0 233.7 250.1 225.4 227.3 226.9 224.0 220.1 217.5 211.8 210.7 217.1 216.3 216.2
Book value per share (Rs) Rs 4.19 4.17 4.02 3.81 9.23 7.63 8.08 8.46 9.06 8.16 8.23 8.21 8.11 7.97 7.88 7.67 7.63 7.86 7.83 7.83
KEL balance sheet — year-on-year change (Rs mn)
Rs mn Q4 FY2024 Apr – Jun 2024 Q3 FY2024 Jan – Mar 2024 Q2 FY2024 Oct – Dec 2023 Q1 FY2024 Jul – Sep 2023 Q4 FY2023 Apr – Jun 2023 Q3 FY2023 Jan – Mar 2023 Q2 FY2023 Oct – Dec 2022 Q1 FY2023 Jul – Sep 2022 Q4 FY2022 Apr – Jun 2022 Q3 FY2022 Jan – Mar 2022 Q2 FY2022 Oct – Dec 2021 Q1 FY2022 Jul – Sep 2021 Q4 FY2021 Apr – Jun 2021 Q3 FY2021 Jan – Mar 2021 Q2 FY2021 Oct – Dec 2020 Q1 FY2021 Jul – Sep 2020 Q4 FY2020 Apr – Jun 2020 Q3 FY2020 Jan – Mar 2020 Q2 FY2020 Oct – Dec 2019 Q1 FY2020 Jul – Sep 2019
Assets
Cash & short-term investments +39.5% +65.7% +81.3% +191.3% +145.6% +110.6% +254.1% +95.2% +22.3% +11.1% -3.5% +26.5% -23.2% -7.4% +102.9% -49.2% +15.9% +15.6% -56.1% +86.4%
Trade receivables +13.3% -4.2% +25.2% -2.5% -23.7% -0.1% -12.8% -2.3% +30.8% +3.3% -4.5% +3.1% +4.9% -6.6% -5.9% -2.1% -0.1% -13.0% -15.7% -8.1%
Inventories +28.9% +42.2% +39.6% +5.3% +9.5% -10.7% -18.7% -6.1% +6.4% +19.2% +34.3% +34.4% +24.0% +15.0% +2.0% +18.0% +7.4% +12.2% +15.9% +4.5%
Other current assets -2.5% +10.4% +40.1% +41.7% +109.5% — — — — — — — — — — — — — — —
Total current assets -47.3% -42.3% -45.1% -30.9% -24.4% +14.8% +25.7% +34.8% +35.0% +29.5% +28.9% +22.1% +20.3% +8.9% +10.9% +16.7% +24.6% +33.9% +33.0% +40.3%
Property, plant & equipment -18.5% -9.3% -9.8% -10.2% +18.6% +13.1% +14.7% +15.0% +15.4% +12.1% +16.5% +18.1% +17.5% +14.7% +8.2% +11.0% +10.5% +19.9% +22.2% +16.9%
Intangible assets -39.1% -8.8% -3.2% +87.3% +125.6% +78.5% +222.2% +63.6% +33.3% +150.1% +31.1% +27.2% +24.4% -33.3% -33.0% -29.8% +13.9% +53.3% +50.0% +48.5%
Long-term investments -2.1% -2.1% -2.1% -2.1% -2.1% -2.1% -2.1% -2.1% -2.0% -2.0% -2.0% -2.0% -2.0% — — — — — — —
Other non-current assets -12.1% -0.1% +27.1% +28.9% +43.2% +180,131.1% +147,105.8% +151,924.1% +139,254.0% 0.0% -1.7% +4.3% +4.3% +4.3% -13.0% -18.0% -18.0% -30.5% -15.3% -15.3%
Total non-current assets -18.2% -8.9% -8.5% -8.7% +19.4% +17.7% +18.5% +19.0% +19.0% +12.1% +16.4% +18.0% +17.4% +15.5% +9.0% +11.9% +11.5% +19.9% +22.2% +17.0%
Total assets -30.0% -26.1% -27.7% -20.6% -3.4% +16.2% +22.2% +27.0% +26.9% +20.5% +22.5% +20.0% +18.8% +12.2% +9.9% +14.2% +17.5% +26.5% +27.1% +27.2%
Liabilities
Trade payables -29.7% -18.5% -28.0% -15.8% -24.8% +13.3% +26.9% +30.8% +27.4% +38.3% +42.2% +39.8% +36.8% +35.9% +35.4% +44.6% +54.5% +63.4% +61.6% +55.4%
Short-term borrowings & current portion of debt -5.7% -44.5% -35.6% -13.0% -1.5% +23.8% +32.5% +5.4% +6.0% +2.7% +20.4% +42.6% +47.2% +18.0% +2.4% -5.5% +5.6% +53.7% +64.7% +63.2%
Total current liabilities -27.4% -29.5% -33.0% -20.4% -15.3% +15.4% +25.2% +22.3% +20.2% +25.6% +31.4% +34.2% +33.3% +24.1% +19.4% +20.7% +28.5% +44.7% +47.7% +46.5%
Long-term debt -19.6% -9.4% +5.2% +9.2% +18.9% +70.5% +63.1% +170.3% +151.0% +53.8% +35.5% -16.3% -15.4% -12.3% -4.7% +50.2% +43.2% +50.1% +53.4% +76.1%
Other non-current liabilities +11.0% +36.0% +34.5% +39.8% +47.4% +20.5% +21.8% +16.4% +10.5% +8.5% +7.1% +9.8% +8.3% +6.0% +5.9% +4.7% +6.9% +11.1% +10.9% +11.5%
Total non-current liabilities -10.8% +2.0% +13.0% +16.8% +26.0% +54.4% +49.6% +103.3% +90.9% +35.6% +24.7% -6.6% -6.6% -5.8% -1.0% +29.4% +27.3% +33.4% +35.0% +39.2%
Total liabilities -21.9% -21.5% -22.0% -11.3% -5.0% +23.2% +30.3% +35.4% +32.4% +27.5% +30.0% +25.3% +24.1% +17.1% +14.3% +22.5% +28.2% +41.9% +44.3% +45.0%
Equity
Share capital -0.4% -0.4% -0.4% -0.4% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Reserves & retained earnings -87.5% -83.3% -88.2% -93.5% +3.2% -11.6% -3.3% +5.4% +20.8% +4.4% +8.2% +13.3% +11.8% +2.5% +1.1% -3.7% -3.3% +3.6% +3.2% +5.2%
Equity attributable to shareholders -54.6% -45.4% -50.3% -55.0% +2.0% -6.6% -1.9% +3.0% +11.7% +2.4% +4.5% +7.1% +6.3% +1.4% +0.6% -2.0% -1.8% +1.9% +1.7% +2.8%
Non-controlling interest — — — — — — — — — — — — — — — — — — — —
Total equity -54.6% -45.4% -50.3% -55.0% +2.0% -6.6% -1.9% +3.0% +11.7% +2.4% +4.5% +7.1% +6.3% +1.4% +0.6% -2.0% -1.8% +1.9% +1.7% +2.8%
Total liabilities & equity -30.0% -26.1% -27.7% -20.6% -3.4% +16.2% +22.2% +27.0% +26.9% +20.5% +22.5% +20.0% +18.8% +12.2% +9.9% +14.2% +17.5% +26.5% +27.1% +27.2%
Key figures
Total debt -13.8% -25.8% -15.0% -1.0% +9.4% +45.0% +46.4% +57.4% +53.6% +20.9% +26.8% +16.7% +18.5% +5.1% -0.8% +12.9% +20.1% +52.1% +59.5% +67.2%
Net debt / (net cash) -15.1% -27.2% -16.3% -4.4% +8.0% +44.3% +45.2% +56.8% +54.0% +21.0% +27.0% +16.6% +19.3% +5.2% -1.1% +14.8% +20.2% +52.8% +61.1% +66.7%
Shares outstanding — — — — — — — — — — — — — — — — — — — —
Common equity -54.6% -45.4% -50.3% -55.0% +2.0% -6.6% -1.9% +3.0% +11.7% +2.4% +4.5% +7.1% +6.3% +1.4% +0.6% -2.0% -1.8% +1.9% +1.7% +2.8%
Book value per share (Rs) -54.6% -45.4% -50.3% -55.0% +2.0% -6.6% -1.9% +3.0% +11.7% +2.4% +4.5% +7.1% +6.3% +1.4% +0.6% -2.0% -1.8% +1.9% +1.7% +2.8%

Change against the same quarter a year earlier; shown when the earlier figure is positive.

KEL balance sheet — common size (Rs mn)
Rs mn Q4 FY2024 Apr – Jun 2024 Q3 FY2024 Jan – Mar 2024 Q2 FY2024 Oct – Dec 2023 Q1 FY2024 Jul – Sep 2023 Q4 FY2023 Apr – Jun 2023 Q3 FY2023 Jan – Mar 2023 Q2 FY2023 Oct – Dec 2022 Q1 FY2023 Jul – Sep 2022 Q4 FY2022 Apr – Jun 2022 Q3 FY2022 Jan – Mar 2022 Q2 FY2022 Oct – Dec 2021 Q1 FY2022 Jul – Sep 2021 Q4 FY2021 Apr – Jun 2021 Q3 FY2021 Jan – Mar 2021 Q2 FY2021 Oct – Dec 2020 Q1 FY2021 Jul – Sep 2020 Q4 FY2020 Apr – Jun 2020 Q3 FY2020 Jan – Mar 2020 Q2 FY2020 Oct – Dec 2019 Q1 FY2020 Jul – Sep 2019
Assets
Cash & short-term investments 1.4% 1.0% 0.9% 1.7% 0.7% 0.4% 0.4% 0.5% 0.3% 0.2% 0.1% 0.3% 0.3% 0.3% 0.2% 0.3% 0.4% 0.3% 0.1% 0.7%
Trade receivables 16.5% 11.4% 12.0% 11.8% 10.2% 8.8% 6.9% 9.6% 12.9% 10.3% 9.7% 12.4% 12.5% 12.0% 12.4% 14.5% 14.2% 14.4% 14.5% 16.9%
Inventories 3.4% 3.1% 3.0% 2.3% 1.8% 1.6% 1.5% 1.7% 1.6% 2.1% 2.3% 2.3% 1.9% 2.1% 2.1% 2.1% 1.8% 2.1% 2.3% 2.0%
Other current assets 0.3% 0.3% 0.3% 0.3% 0.2% 0.2% 0.1% 0.1% 0.1% — — — — — — — — — — —
Total current assets 30.6% 40.2% 39.8% 46.5% 40.7% 51.4% 52.4% 53.5% 52.0% 52.1% 50.9% 50.4% 48.8% 48.5% 48.4% 49.5% 48.2% 49.9% 48.0% 48.4%
Property, plant & equipment 65.9% 56.8% 57.0% 50.4% 56.6% 46.3% 45.7% 44.6% 46.2% 47.6% 48.7% 49.2% 50.7% 51.1% 51.2% 50.0% 51.3% 50.0% 52.0% 51.5%
Intangible assets 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.1%
Long-term investments 0.4% 0.3% 0.4% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.4% 0.4% 0.4% 0.4% 0.4% — — —
Other non-current assets 2.9% 2.6% 2.8% 2.6% 2.3% 1.9% 1.6% 1.6% 1.5% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Total non-current assets 69.4% 59.8% 60.2% 53.5% 59.3% 48.6% 47.6% 46.5% 48.0% 47.9% 49.1% 49.6% 51.2% 51.5% 51.6% 50.5% 51.8% 50.1% 52.0% 51.6%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables 27.9% 41.4% 37.8% 40.6% 27.8% 37.6% 38.0% 38.4% 35.8% 38.5% 36.6% 37.2% 35.6% 33.5% 31.5% 31.9% 30.9% 27.7% 25.6% 25.2%
Short-term borrowings & current portion of debt 17.0% 10.1% 12.2% 13.4% 12.6% 13.4% 13.7% 12.2% 12.4% 12.6% 12.6% 14.7% 14.8% 14.8% 12.8% 12.4% 12.0% 14.0% 13.8% 15.0%
Total current liabilities 52.2% 57.7% 56.3% 59.8% 50.3% 60.5% 60.8% 59.7% 57.4% 60.9% 59.3% 62.0% 60.5% 58.4% 55.2% 55.5% 53.9% 52.8% 50.8% 52.5%
Long-term debt 20.2% 18.8% 20.3% 19.8% 17.6% 15.3% 14.0% 14.4% 14.3% 10.4% 10.5% 6.8% 7.2% 8.2% 9.5% 9.7% 10.2% 10.5% 10.9% 7.4%
Other non-current liabilities 11.4% 9.4% 9.4% 8.4% 7.2% 5.1% 5.1% 4.8% 4.7% 4.9% 5.1% 5.2% 5.4% 5.5% 5.8% 5.7% 5.9% 5.8% 6.0% 6.2%
Total non-current liabilities 31.7% 28.2% 29.8% 28.2% 24.8% 20.4% 19.0% 19.2% 19.0% 15.4% 15.6% 12.0% 12.7% 13.7% 15.3% 15.4% 16.1% 16.3% 16.9% 13.6%
Total liabilities 83.8% 85.9% 86.1% 88.1% 75.1% 80.9% 79.8% 78.9% 76.4% 76.3% 74.8% 74.0% 73.2% 72.1% 70.5% 70.9% 70.1% 69.1% 67.8% 66.1%
Equity
Share capital 13.4% 11.8% 12.1% 10.9% 9.4% 8.7% 8.8% 8.7% 9.1% 10.2% 10.7% 11.1% 11.6% 12.2% 13.1% 13.3% 13.7% 13.7% 14.4% 15.2%
Reserves & retained earnings 2.7% 2.3% 1.8% 1.0% 15.3% 10.2% 11.3% 12.2% 14.3% 13.4% 14.3% 14.7% 15.1% 15.5% 16.2% 15.6% 16.0% 16.9% 17.6% 18.5%
Equity attributable to shareholders 16.2% 14.1% 13.9% 11.9% 24.9% 19.1% 20.2% 21.1% 23.6% 23.7% 25.2% 26.0% 26.8% 27.9% 29.5% 29.1% 29.9% 30.9% 32.2% 33.9%
Non-controlling interest 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Total equity 16.2% 14.1% 13.9% 11.9% 24.9% 19.1% 20.2% 21.1% 23.6% 23.7% 25.2% 26.0% 26.8% 27.9% 29.5% 29.1% 29.9% 30.9% 32.2% 33.9%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Total debt 37.2% 28.8% 32.5% 33.2% 30.2% 28.7% 27.7% 26.6% 26.7% 23.0% 23.1% 21.5% 22.1% 22.9% 22.3% 22.1% 22.1% 24.5% 24.7% 22.3%
Net debt / (net cash) 35.8% 27.9% 31.6% 31.4% 29.5% 28.3% 27.3% 26.1% 26.4% 22.8% 23.0% 21.2% 21.8% 22.7% 22.1% 21.8% 21.7% 24.2% 24.6% 21.7%
Common equity 16.2% 14.1% 13.9% 11.9% 24.9% 19.1% 20.2% 21.1% 23.6% 23.7% 25.2% 26.0% 26.8% 27.9% 29.5% 29.1% 29.9% 30.9% 32.2% 33.9%

Each line as a percentage of total assets.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. Updated 16 Oct 2026.

All reported line items 143
KEL balance sheet — all reported line items (Rs bn)
Rs bn Q4 FY2024 Apr – Jun 2024 Q3 FY2024 Jan – Mar 2024 Q2 FY2024 Oct – Dec 2023 Q1 FY2024 Jul – Sep 2023 Q4 FY2023 Apr – Jun 2023 Q3 FY2023 Jan – Mar 2023 Q2 FY2023 Oct – Dec 2022 Q1 FY2023 Jul – Sep 2022 Q4 FY2022 Apr – Jun 2022 Q3 FY2022 Jan – Mar 2022 Q2 FY2022 Oct – Dec 2021 Q1 FY2022 Jul – Sep 2021
Cash & Cash Equivalents 9.9 7.9 7.5 15.2 7.1 4.7 4.1 5.2 2.9 2.3 1.2 2.7
Cash & Short Term Investments 9.9 7.9 7.5 15.2 7.1 4.7 4.1 5.2 2.9 2.3 1.2 2.7
Derivative Financial Instruments - Hedging - Short-Term 15.4 17.0 19.2 21.9 23.6 25.6 12.9 13.2 8.0 5.4 4.9 5.0
Loans & Receivables - Net - Short-Term 135.3 251.2 250.3 336.9 348.6 506.1 532.3 543.0 513.9 460.7 427.7 407.3
Loans & Receivables - Total 135.3 251.2 250.3 336.9 348.6 506.1 532.4 543.0 513.9 460.7 427.7 407.3
Trade Accounts & Trade Notes Receivable - Net 118.4 93.4 95.6 103.5 104.5 97.5 76.4 106.1 137.0 97.6 87.5 108.6
Trade Accounts & Trade Notes Receivable - Gross — — — — 217.7 206.8 185.7 212.9 237.6 197.6 187.9 208.9
Provision - Trade Accounts & Trade Notes Receivable — — — — 113.2 109.3 109.4 106.7 100.6 99.9 100.3 100.3
Loans - Short-Term 3.8 6.3 4.6 3.1 3.0 4.3 2.7 2.3 1.9 1.8 1.7 2.3
Income Tax - Receivables - Short-Term — 0.0 0.0 0.0 24.8 20.4 19.1 19.4 19.1 12.7 10.4 11.8
Receivables - Other - Total 13.2 151.5 150.1 230.2 216.4 383.8 434.1 415.2 355.9 348.5 328.1 284.6
Derivative Financial Instruments - Hedging - Total 15.4 17.0 19.2 21.9 23.6 25.6 12.9 13.2 8.0 5.4 4.9 5.0
Accounts & Notes Receivable - Trade - Gross - Total — — — — 217.7 206.8 185.7 212.9 237.6 197.6 187.9 208.9
Inventories - Total 24.1 25.3 23.5 20.1 18.7 17.8 16.9 19.1 17.1 19.9 20.7 20.3
Inventories - Raw Materials 24.1 25.3 23.5 20.1 18.7 17.8 16.9 19.1 17.1 19.9 20.7 20.3
Prepaid Expenses - Short-Term 32.7 23.8 14.0 12.8 11.9 12.1 10.4 10.7 8.1 6.8 5.5 4.4
Investments - Total 2.8 2.8 2.8 2.8 2.9 2.9 2.9 2.9 2.9 2.9 3.0 3.0
Assets Held for Sale/Discontinued Operations - Short-Term — 0.8 0.5 0.7 4.6 — — — — — — —
Other Current Assets - Total 2.2 2.2 2.2 2.3 2.3 2.0 1.6 1.6 1.1 — — —
Property, Plant & Equipment - Net - Total 472.7 464.0 454.5 444.0 580.3 511.6 504.0 494.4 489.3 452.3 439.5 429.8
Other Current Assets 2.2 2.2 2.2 2.3 2.3 2.0 1.6 1.6 1.1 — — —
Other Assets - Total 22.8 23.4 24.2 25.3 25.7 23.2 18.9 19.5 17.5 0.0 0.0 0.0
Investments in Associates, Joint Ventures and Unconsolidated Subsidiaries — — — — — — — — — 0.3 0.3 0.2
Intangible Assets - Total - Net 0.7 0.8 0.9 1.0 1.2 0.8 0.9 0.6 0.5 0.5 0.3 0.3
Total Current Assets 219.7 328.1 317.3 409.8 416.8 568.3 578.3 592.8 551.0 495.1 460.0 439.6
Intangible Assets - excluding Goodwill - Net - Total 0.7 0.8 0.9 1.0 1.2 0.8 0.9 0.6 0.5 0.5 0.3 0.3
Investments - Long-Term 2.8 2.8 2.8 2.8 2.9 2.9 2.9 2.9 2.9 2.9 3.0 3.0
Investment Property - Net 2.8 2.8 2.8 2.8 2.9 2.9 2.9 2.9 2.9 2.9 3.0 3.0
Receivables & Loans - Long-Term 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Loans - Long-Term 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Computer Software - Intangible Assets - Net — — — — 1.2 — — — 0.5 0.5 0.3 0.3
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total — — — — 580.3 511.6 504.0 494.4 489.3 452.3 439.5 429.8
Construction in Progress - Net — — — — 60.7 122.8 155.6 148.9 151.7 154.9 143.7 135.8
Right of Use Tangible Assets - Total - Net — — — — 0.2 0.1 0.1 0.2 0.2 0.1 0.1 0.1
Right of Use Tangible Assets - Capital/Finance Lease - Net — — — — 0.2 0.1 0.1 0.2 0.2 0.1 0.1 0.1
Property, Plant & Equipment - Other - Net — — — — 519.4 388.7 348.2 345.4 337.4 297.2 295.7 293.9
Total Assets 717.0 816.8 797.5 880.7 1,024.6 1,104.8 1,103.4 1,108.5 1,060.1 951.0 903.0 872.9
Debt - Total 267.0 235.4 259.3 292.1 309.8 317.2 305.1 295.0 283.1 218.8 208.5 187.4
Short-Term Debt & Current Portion of Long-Term Debt 121.8 82.2 97.2 117.8 129.2 148.1 151.0 135.3 131.2 119.6 113.9 128.4
Current Portion of Long-Term Debt including Capitalized Leases 34.9 35.0 36.1 36.4 36.3 32.6 29.2 28.0 23.7 18.1 15.5 15.4
Capitalized Leases - Current Portion 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Short-Term Debt & Notes Payable 86.9 47.2 61.2 81.4 92.9 115.4 121.7 107.3 107.5 101.5 98.4 113.0
Debt - Long-Term - Total 145.2 153.2 162.1 174.3 180.6 169.2 154.2 159.6 151.9 99.2 94.5 59.1
Current Portion of Long-Term Debt excluding Capitalized Leases 34.9 34.9 36.0 36.3 36.3 32.6 29.2 28.0 23.6 18.1 15.5 15.3
Assets Held for Sale/Discontinued Operations - Long-Term 0.4 — — — — — — — — — — —
Capitalized Lease Obligations - Long-Term 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.1 0.1 0.1
Long-Term Debt excluding Capitalized Leases 145.1 153.1 162.0 174.2 180.5 169.0 154.0 159.4 151.7 99.1 94.5 59.0
Other Non-Current Assets - Total 20.6 21.1 22.0 23.0 23.4 21.2 17.3 17.9 16.4 0.0 0.0 0.0
Debt - Non-Convertible - Long-Term 145.1 153.1 162.0 174.2 180.5 169.0 154.0 159.4 151.7 99.1 94.5 59.0
Dividends Payable 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Deferred Tax - Asset - Long-Term 0.0 0.0 0.1 0.1 0.1 0.1 0.0 0.0 0.0 — — —
Deferred Tax & Investment Tax Credits - Long-Term — — — — — — — — — 0.0 — —
Deferred Tax - Liability - Long-Term — — — — — — — — — 0.0 — —
Payables & Accrued Expenses 200.4 338.0 301.8 357.9 319.2 421.2 425.0 431.2 406.7 371.6 335.4 330.9
Trade Account Payables - Total 200.4 338.0 301.8 357.9 284.9 414.9 419.1 425.2 379.1 366.1 330.2 324.9
Other Non-Current Assets 20.6 21.1 21.9 22.9 23.4 21.1 17.2 17.8 16.3 0.0 0.0 0.0
Accrued Expenses — — — — 34.2 6.3 5.9 6.0 27.6 5.5 5.1 6.0
Total Liabilities 601.2 701.8 686.5 775.6 769.6 894.2 880.4 874.8 810.0 725.6 675.8 646.1
Shareholders' Equity - Attributable to Parent Shareholders - Total 115.8 115.0 110.9 105.1 255.0 210.6 223.0 233.7 250.1 225.4 227.3 226.9
Total Non-Current Assets 497.3 488.7 480.2 470.9 607.8 536.5 525.1 515.7 509.1 456.0 443.0 433.3
Common Equity Attributable to Parent Shareholders 115.8 115.0 110.9 105.1 255.0 210.6 223.0 233.7 250.1 225.4 227.3 226.9
Common Equity - Contributed 96.3 96.3 96.3 96.3 98.2 98.2 98.2 98.2 98.2 98.2 98.2 98.2
Common Stock - Issued & Paid 96.3 96.3 96.3 96.3 96.7 96.7 96.7 96.7 96.7 96.7 96.7 96.7
Equity - Non-Contributed - Reserves & Retained Earnings 19.6 18.8 14.7 8.9 156.8 112.5 124.9 135.6 151.9 127.3 129.1 128.7
Retained Earnings - Total 14.2 13.4 9.3 3.5 50.4 41.9 52.9 62.3 77.3 69.4 70.3 68.9
Trade Accounts Payable & Accruals - Short-Term 200.4 338.0 301.8 357.9 319.2 421.2 425.0 431.2 406.7 371.6 335.4 330.9
Comprehensive Income - Accumulated - Total — — — — 101.4 65.6 66.9 68.3 69.7 52.9 53.9 54.9
Trade Accounts & Trade Notes Payable - Short-Term 200.4 338.0 301.8 357.9 284.9 414.9 419.1 425.2 379.1 366.1 330.2 324.9
Accrued Expenses - Short-Term — — — — 34.2 6.3 5.9 6.0 27.6 5.5 5.1 6.0
Other Reserves/Equity - Total 5.4 5.4 5.4 5.4 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0
Income Taxes - Payable - Short-Term 12.0 12.0 11.5 12.3 0.0 1.1 1.4 1.5 0.9 0.0 0.0 0.0
Dividends/Distributions Payable 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other Current Liabilities - Total 40.0 39.3 38.7 39.1 66.8 97.9 93.0 94.1 69.3 88.2 86.1 82.2
Common Equity - Total 115.8 115.0 110.9 105.1 255.0 210.6 223.0 233.7 250.1 225.4 227.3 226.9
Security Deposits 19.0 19.5 17.7 16.2 13.8 26.8 25.4 26.1 26.0 25.8 24.1 22.1
Common Stock - Additional Paid in Capital including Option Reserve — — — — 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5
Customer Advances - Short-Term — — — — 3.7 4.2 3.8 4.6 5.2 6.3 6.0 5.5
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 115.8 115.0 110.9 105.1 255.0 210.6 223.0 233.7 250.1 225.4 227.3 226.9
Total Liabilities & Equity 717.0 816.8 797.5 880.7 1,024.6 1,104.8 1,103.4 1,108.5 1,060.1 951.0 903.0 872.9
Provisions - Short-Term 2.1 2.0 2.0 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other Current Liabilities 18.9 17.8 19.0 20.9 49.4 67.0 63.9 63.4 38.1 56.1 56.0 54.6
Revaluation Reserves — — — — 101.4 65.6 66.9 68.3 69.7 52.9 53.9 54.9
Total Current Liabilities 374.1 471.4 449.2 527.1 515.2 668.3 670.3 662.1 608.1 579.4 535.3 541.5
Other Non-Current Liabilities - Total 81.9 77.1 75.2 74.2 73.8 56.7 55.9 53.1 50.1 47.0 45.9 45.6
Provisions - Long-Term 5.5 5.4 5.1 5.7 5.7 5.5 5.4 5.4 5.5 5.3 5.0 4.9
Post Employment Benefits - Pension & Other - Long-Term 5.5 5.4 5.1 5.7 5.7 5.5 5.4 5.4 5.5 5.3 5.0 4.9
Deferred Revenue - Long-Term 58.8 55.3 54.4 53.3 51.4 36.4 36.0 33.4 30.6 28.1 27.3 27.5
Other Non-Current Liabilities 17.6 16.4 15.7 15.2 16.7 14.7 14.5 14.2 14.0 13.7 13.5 13.2
Total Non-Current Liabilities 227.0 230.4 237.3 248.5 254.4 225.9 210.1 212.7 202.0 146.2 140.4 104.6
Common Shares - Issued - Total mn 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2
Common Shares - Outstanding - Total mn 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn — — — — 32,857.1 — — — 32,857.1 — — —
Common Shares - Issued - Issue Specific mn 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2
Common Shares - Outstanding - Issue Specific mn 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2 27,615.2
Common Shares - Treasury - Issue Specific mn 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Asset Allocation Factor - Issue Specific — — — — 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×
Right of Use Tangible Assets - Total - Net - Supplemental — — — — 0.2 0.1 0.1 0.2 0.2 0.1 0.1 0.1
Right of Use Tangible Assets - Capital/Finance Lease - Net - Supplemental — — — — 0.2 0.1 0.1 0.2 0.2 0.1 0.1 0.1
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Net - Supplemental — — — — 580.1 511.5 503.8 494.2 489.1 452.2 439.4 429.7
Finance and Operating Lease Liabilities - Total - Supplemental 0.2 0.2 0.2 0.2 0.2 0.1 0.2 0.2 0.2 0.1 0.1 0.1
Debt including Finance and Operating Lease Liabilities - Supplemental 267.0 235.4 259.3 292.1 309.8 317.2 305.1 295.0 283.1 218.8 208.5 187.4
Net Debt 257.0 227.6 251.8 276.9 302.7 312.5 301.0 289.8 280.2 216.6 207.3 184.8
Islamic Debt - Long-Term & Short-Term — — — — — — — 24.8 24.8 25.9 27.0 28.1
Preferred Shares - Authorized - Issue Specific mn — — — — 2,857.1 — — 2,857.1 2,857.1 2,857.1 2,857.1 2,857.1
Asset Accruals 707.1 808.9 789.9 865.5 1,017.4 1,100.1 1,099.3 1,103.3 1,057.2 948.8 901.9 870.3
Cash & Cash Equivalents - Total 9.9 7.9 7.5 15.2 7.1 4.7 4.1 5.2 2.9 2.3 1.2 2.7
Cash & Short Term Investments - Total 9.9 7.9 7.5 15.2 7.1 4.7 4.1 5.2 2.9 2.3 1.2 2.7
Debt - including Preferred Equity & Minority Interest - Total 267.0 235.4 259.3 292.1 309.8 317.2 305.1 295.0 283.1 218.8 208.5 187.4
Investments - Permanent 2.8 2.8 2.8 2.8 2.9 2.9 2.9 2.9 2.9 3.2 3.2 3.2
Net Book Capital 372.9 342.6 362.8 382.1 557.7 523.1 524.0 523.5 530.3 442.0 434.6 411.6
Net Operating Assets 372.9 342.6 362.8 382.1 557.7 523.1 524.0 523.5 530.3 442.0 434.6 411.6
Provisions - Total 7.6 7.4 7.1 7.6 5.7 5.6 5.4 5.4 5.5 5.3 5.0 4.9
Shareholders Equity - Common 115.8 115.0 110.9 105.1 255.0 210.6 223.0 233.7 250.1 225.4 227.3 226.9
Tangible Total Equity 115.1 114.3 110.0 104.1 253.8 209.8 222.1 233.2 249.6 225.0 227.0 226.5
Tangible Book Value 115.1 114.3 110.0 104.1 253.8 209.8 222.1 233.2 249.6 225.0 227.0 226.5
Total Book Capital 382.8 350.5 370.3 397.2 564.8 527.9 528.2 528.7 533.2 444.3 435.7 414.3
Total Capital 382.8 350.5 370.3 397.2 564.8 527.9 528.2 528.7 533.2 444.3 435.7 414.3
Total Long Term Capital 342.9 345.4 348.2 353.6 509.4 436.5 433.1 446.4 452.1 371.7 367.7 331.5
Unearned Revenue - Total 58.8 55.3 54.4 53.3 55.0 40.6 39.8 38.0 35.8 34.4 33.3 32.9
Book Value excluding Other Equity 110.5 109.7 105.6 99.7 250.0 205.7 218.0 228.8 245.1 220.5 222.3 221.9
Assets Held for Sale/Discontinued Operations - Long-Term & Short-Term 0.4 0.8 0.5 0.7 4.6 — — — — — — —
Income Taxes - Payable - Long-Term & Short-Term 12.0 12.0 11.5 12.3 0.0 1.1 1.4 1.5 0.9 0.0 0.0 0.0
Revolving Line of Credit - Outstanding — — — — 2.8 4.2 97.0 9.3 10.3 11.5 — 13.5
Accruals - Short-Term (164.4) (151.2) (139.5) (132.5) (105.5) (104.7) (96.1) (74.5) (60.0) (86.5) (76.5) (104.5)
Cash & Short Term Investments - Net of Debt (257.0) (227.6) (251.8) (276.9) (302.7) (312.5) (301.0) (289.8) (280.2) (216.6) (207.3) (184.8)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments 34.9 35.0 36.1 36.4 36.3 32.6 29.2 28.0 23.7 18.1 15.5 15.4
Total Fixed Assets - Net 497.3 488.7 480.2 470.9 607.7 536.5 525.1 515.7 509.1 456.0 443.0 433.3
Working Capital (154.4) (143.3) (132.0) (117.3) (98.4) (100.0) (92.0) (69.3) (57.1) (84.3) (75.3) (101.8)
Interest Bearing Liabilities - Total 267.0 235.4 259.3 292.1 309.8 317.2 305.1 295.0 283.1 218.8 208.5 187.4
Working Capital - Non-Cash (164.4) (151.2) (139.5) (132.5) (105.5) (104.7) (96.1) (74.5) (60.0) (86.5) (76.5) (104.5)
Working Capital excluding Other Current Assets & Liabilities (116.7) (106.3) (95.5) (80.5) (33.8) (4.1) (0.6) 23.2 11.2 3.9 10.7 (19.7)
Net Debt Including Preferred Equity & Minority Interest 257.0 227.6 251.8 276.9 302.7 312.5 301.0 289.8 280.2 216.6 207.3 184.8
Other Short-Term & Long-Term Assets - Total 22.8 23.4 24.2 25.3 25.7 23.2 18.9 19.5 17.5 0.0 0.0 0.0
Other Short-Term & Long-Term Liabilities - Total 57.6 55.7 54.4 54.3 83.5 112.7 107.6 108.3 83.3 101.8 99.6 95.3
Total Current Assets excluding Total Inventories 195.6 302.8 293.7 389.7 398.1 550.5 561.5 573.7 533.9 475.2 439.3 419.3
Tangible Book Value excluding Other Equity 109.7 108.9 104.7 98.7 248.8 204.8 217.1 228.2 244.6 220.0 222.0 221.5
Total Debt Excluding Islamic 267.0 235.4 259.3 292.1 309.8 317.2 305.1 270.1 258.3 192.9 181.5 159.4
Trade Accounts & Trade Notes Receivable - Net - Total 118.4 93.4 95.6 103.5 104.5 97.5 76.4 106.1 137.0 97.6 87.5 108.6
Provision for Doubtful Accounts & Notes Receivable - Total — — — — 113.2 109.3 109.4 106.7 100.6 99.9 100.3 100.3
Current Liabilities excluding Current Debt - Total 252.4 389.3 352.0 409.3 386.0 520.3 519.4 526.7 476.9 459.7 421.4 413.1
Current Assets excluding Cash & Short Term Investments - Total 209.8 320.2 309.8 394.6 409.7 563.6 574.2 587.6 548.1 492.8 458.8 437.0
Cash, Short Term Investments & Accounts Receivable - Total 128.3 101.2 103.1 118.7 111.6 102.3 80.5 111.4 139.9 99.9 88.7 111.3

Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 12 periods; the table above goes back further.