DFML Dewan Farooque Motors Limited

Dewan Farooque Motors Limited (DFML) balance sheet

At the end of FY2025 (Jul 2024 – Jun 2025) Dewan Farooque Motors Limited had total assets of Rs 4.3 bn, up 7.7% on FY2024. Current assets of Rs 2.6 bn covered current liabilities of Rs 8.5 bn 0.30 times. Total debt was Rs 7.3 bn, net debt Rs 7.1 bn. Shareholders' equity was -Rs 4.3 bn (Rs -30.84 per share), -100.3% of total assets.

DFML balance sheet (annual) (Rs mn)
Rs mn	FY2025 * Jul 2024 – Jun 2025	FY2024 * Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 * Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 * Jul 2011 – Jun 2012	FY2011 * Jul 2010 – Jun 2011	FY2010 Jul 2009 – Jun 2010	FY2009 * Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007	FY2006 Jul 2005 – Jun 2006
Assets
Cash & short-term investments	214.1	144.9	138.7	128.7	125.1	125.6	125.3	128.2	123.7	138.6	122.2	130.0	322.3	227.6	231.3	211.7	233.7	752.9	876.6	887.3
Trade receivables	0.7	0.7	0.7	0.7	0.7	5.6	12.1	95.2	46.8	22.9	22.3	24.4	28.0	25.8	23.0	29.7	29.5	294.8	943.0	745.8
Inventories	1,064.3	957.5	78.1	61.4	69.5	87.6	99.3	102.7	126.4	159.8	155.4	214.6	685.7	699.3	787.1	651.1	829.3	1,317.3	1,639.0	2,585.2
Total current assets	2,597.7	2,166.6	1,304.0	1,216.1	1,201.3	1,212.6	1,210.8	1,286.7	1,260.3	1,284.6	1,807.9	1,818.4	2,562.0	2,549.2	2,555.0	2,335.5	2,465.4	3,636.5	4,496.0	5,296.9
Property, plant & equipment	1,035.8	1,034.5	745.0	766.0	819.0	877.1	940.9	1,010.1	1,075.9	1,158.6	1,241.2	1,328.6	1,435.0	1,553.2	1,683.9	1,828.8	1,991.2	2,175.7	2,350.8	2,368.5
Intangible assets	3.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Long-term investments	—	—	—	—	—	1,094.4	1,273.2	1,310.3	1,188.5	1,012.2	343.2	297.5	—	—	—	40.3	40.3	40.3	40.3	39.2
Other non-current assets	—	—	—	—	—	—	—	—	0.0	36.0	36.0	36.0	39.2	39.2	39.8	—	—	—	—	—
Total non-current assets	1,669.7	1,796.0	1,575.3	1,675.4	1,823.4	1,971.5	2,214.1	2,320.4	2,264.5	2,206.8	1,620.4	1,662.1	1,474.2	1,592.4	1,723.8	1,869.1	2,031.5	2,216.0	2,391.1	2,407.6
Total assets	4,267.4	3,962.6	2,879.3	2,891.5	3,024.7	3,184.1	3,424.9	3,607.1	3,524.7	3,491.5	3,428.3	3,480.4	4,036.3	4,141.6	4,278.8	4,204.6	4,496.9	5,854.9	6,892.6	7,713.2
Liabilities
Trade payables	1,212.0	673.0	441.8	399.1	374.1	355.6	312.7	2,376.8	2,306.1	2,291.8	2,292.1	2,242.7	2,175.9	2,178.3	2,188.1	1,324.3	1,243.1	1,214.0	1,021.1	1,763.4
Short-term borrowings & current portion of debt	7,309.0	6,966.7	5,661.9	5,485.9	5,466.2	5,454.9	5,446.1	3,315.9	3,236.3	3,204.2	3,397.6	3,385.9	3,534.8	3,404.8	3,217.2	2,718.3	2,491.8	2,291.8	2,893.1	2,985.1
Total current liabilities	8,522.8	7,641.5	6,105.4	5,886.8	5,842.2	5,812.4	5,760.6	5,694.5	5,542.4	5,495.9	5,689.7	5,628.6	6,149.0	6,038.1	5,786.9	4,486.0	4,270.8	3,822.6	4,356.3	5,032.3
Long-term debt	—	0.0	0.0	0.0	0.0	0.0	—	0.0	0.0	0.0	0.0	0.0	24.5	20.0	238.7	442.2	673.7	820.4	486.5	706.4
Other non-current liabilities	22.9	21.0	15.9	15.9	16.9	16.9	16.9	20.9	21.2	21.2	21.2	21.2	22.3	22.3	22.3	23.4	23.8	29.5	33.9	50.2
Total non-current liabilities	22.9	21.0	15.9	15.9	16.9	16.9	16.9	20.9	21.2	21.2	21.2	21.2	46.8	42.2	261.0	465.6	697.4	969.9	847.2	1,044.9
Total liabilities	8,545.7	7,662.5	6,121.4	5,902.7	5,859.1	5,829.3	5,777.5	5,715.5	5,563.6	5,517.2	5,710.9	5,649.8	6,195.8	6,080.3	6,047.9	4,951.6	4,968.3	4,792.5	5,203.4	6,077.3
Equity
Share capital	1,387.4	1,387.4	1,387.4	1,387.4	1,387.4	1,387.4	1,387.4	1,387.4	1,387.4	1,087.4	1,087.4	1,087.4	1,087.4	1,087.4	1,087.4	889.7	889.7	770.7	770.7	770.7
Reserves & retained earnings	(5,665.7)	(5,087.2)	(4,629.4)	(4,398.6)	(4,221.8)	(4,032.5)	(3,740.0)	(3,495.7)	(3,426.2)	(3,413.0)	(3,370.0)	(3,256.7)	(3,246.9)	(3,026.1)	(2,856.5)	(1,636.7)	(1,361.1)	291.7	918.5	865.2
Equity attributable to shareholders	(4,278.3)	(3,699.9)	(3,242.0)	(3,011.2)	(2,834.4)	(2,645.2)	(2,352.6)	(2,108.3)	(2,038.9)	(2,025.7)	(2,282.6)	(2,169.3)	(2,159.5)	(1,938.7)	(1,769.1)	(747.0)	(471.4)	1,062.4	1,689.2	1,636.0
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	(4,278.3)	(3,699.9)	(3,242.0)	(3,011.2)	(2,834.4)	(2,645.2)	(2,352.6)	(2,108.3)	(2,038.9)	(2,025.7)	(2,282.6)	(2,169.3)	(2,159.5)	(1,938.7)	(1,769.1)	(747.0)	(471.4)	1,062.4	1,689.2	1,636.0
Total liabilities & equity	4,267.4	3,962.6	2,879.3	2,891.5	3,024.7	3,184.1	3,424.9	3,607.1	3,524.7	3,491.5	3,428.3	3,480.4	4,036.3	4,141.6	4,278.8	4,204.6	4,496.9	5,854.9	6,892.6	7,713.2
Key figures
Total debt	7,309.0	6,966.7	5,661.9	5,485.9	5,466.2	5,454.9	5,446.1	3,315.9	3,236.3	3,204.2	3,397.6	3,385.9	3,559.3	3,424.8	3,455.9	3,160.4	3,165.4	3,112.1	3,379.6	3,691.5
Net debt / (net cash)	7,095.0	6,821.8	5,523.2	5,357.2	5,341.1	5,329.3	5,320.9	3,187.7	3,112.7	3,065.6	3,275.4	3,255.9	3,237.0	3,197.2	3,224.6	2,948.8	2,931.7	2,359.3	2,503.0	2,804.2
Shares outstanding mn	138.7	138.7	138.7	138.7	138.7	138.7	138.7	138.7	138.7	108.7	108.7	108.7	108.7	108.7	108.7	89.0	89.0	77.1	77.1	77.1
Common equity	(4,278.3)	(3,699.9)	(3,242.0)	(3,011.2)	(2,834.4)	(2,645.2)	(2,352.6)	(2,108.3)	(2,038.9)	(2,025.7)	(2,282.6)	(2,169.3)	(2,159.5)	(1,938.7)	(1,769.1)	(747.0)	(471.4)	1,062.4	1,689.2	1,636.0
Book value per share (Rs) Rs	(30.84)	(26.67)	(23.37)	(21.70)	(20.43)	(19.07)	(16.96)	(15.20)	(14.70)	(18.63)	(20.99)	(19.95)	(19.86)	(17.83)	(16.27)	(8.40)	(5.30)	13.78	21.92	21.23

DFML balance sheet — year-on-year change (Rs mn)
Rs mn	FY2025 * Jul 2024 – Jun 2025	FY2024 * Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 * Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 * Jul 2011 – Jun 2012	FY2011 * Jul 2010 – Jun 2011	FY2010 Jul 2009 – Jun 2010	FY2009 * Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007	FY2006 Jul 2005 – Jun 2006
Assets
Cash & short-term investments	+47.8%	+4.4%	+7.8%	+2.9%	-0.4%	+0.3%	-2.3%	+3.7%	-10.8%	+13.4%	-6.0%	-59.7%	+41.6%	-1.6%	+9.3%	-9.4%	-69.0%	-14.1%	-1.2%	—
Trade receivables	0.0%	0.0%	0.0%	0.0%	-88.0%	-53.6%	-87.3%	+103.2%	+104.9%	+2.7%	-8.8%	-12.8%	+8.4%	+12.2%	-22.5%	+0.5%	-90.0%	-68.7%	+26.4%	—
Inventories	+11.2%	+1,126.5%	+27.1%	-11.6%	-20.7%	-11.8%	-3.3%	-18.7%	-20.9%	+2.8%	-27.6%	-68.7%	-1.9%	-11.2%	+20.9%	-21.5%	-37.0%	-19.6%	-36.6%	—
Total current assets	+19.9%	+66.2%	+7.2%	+1.2%	-0.9%	+0.1%	-5.9%	+2.1%	-1.9%	-28.9%	-0.6%	-29.0%	+0.5%	-0.2%	+9.4%	-5.3%	-32.2%	-19.1%	-15.1%	—
Property, plant & equipment	+0.1%	+38.9%	-2.7%	-6.5%	-6.6%	-6.8%	-6.8%	-6.1%	-7.1%	-6.7%	-6.6%	-7.4%	-7.6%	-7.8%	-7.9%	-8.2%	-8.5%	-7.4%	-0.7%	—
Intangible assets	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Long-term investments	—	—	—	—	—	-14.0%	-2.8%	+10.2%	+17.4%	+194.9%	+15.4%	—	—	—	—	-0.2%	0.0%	0.0%	+3.0%	—
Other non-current assets	—	—	—	—	—	—	—	—	-100.0%	0.0%	0.0%	-8.1%	0.0%	-1.6%	—	—	—	—	—	—
Total non-current assets	-7.0%	+14.0%	-6.0%	-8.1%	-7.5%	-11.0%	-4.6%	+2.5%	+2.6%	+36.2%	-2.5%	+12.7%	-7.4%	-7.6%	-7.8%	-8.0%	-8.3%	-7.3%	-0.7%	—
Total assets	+7.7%	+37.6%	-0.4%	-4.4%	-5.0%	-7.0%	-5.1%	+2.3%	+1.0%	+1.8%	-1.5%	-13.8%	-2.5%	-3.2%	+1.8%	-6.5%	-23.2%	-15.1%	-10.6%	—
Liabilities
Trade payables	+80.1%	+52.3%	+10.7%	+6.7%	+5.2%	+13.7%	-86.8%	+3.1%	+0.6%	-0.0%	+2.2%	+3.1%	-0.1%	-0.4%	+65.2%	+6.5%	+2.4%	+18.9%	-42.1%	—
Short-term borrowings & current portion of debt	+4.9%	+23.0%	+3.2%	+0.4%	+0.2%	+0.2%	+64.2%	+2.5%	+1.0%	-5.7%	+0.3%	-4.2%	+3.8%	+5.8%	+18.4%	+9.1%	+8.7%	-20.8%	-3.1%	—
Total current liabilities	+11.5%	+25.2%	+3.7%	+0.8%	+0.5%	+0.9%	+1.2%	+2.7%	+0.8%	-3.4%	+1.1%	-8.5%	+1.8%	+4.3%	+29.0%	+5.0%	+11.7%	-12.3%	-13.4%	—
Long-term debt	—	—	—	—	—	—	—	—	—	—	—	-100.0%	+22.7%	-91.6%	-46.0%	-34.4%	-17.9%	+68.6%	-31.1%	—
Other non-current liabilities	+9.0%	+32.0%	0.0%	-5.9%	+0.0%	0.0%	-19.1%	-1.3%	0.0%	-0.1%	0.0%	-4.6%	0.0%	0.0%	-4.9%	-1.6%	-19.4%	-13.0%	-32.5%	—
Total non-current liabilities	+9.0%	+32.0%	0.0%	-5.9%	+0.0%	0.0%	-19.1%	-1.3%	0.0%	-0.1%	0.0%	-54.6%	+10.7%	-83.8%	-43.9%	-33.2%	-28.1%	+14.5%	-18.9%	—
Total liabilities	+11.5%	+25.2%	+3.7%	+0.7%	+0.5%	+0.9%	+1.1%	+2.7%	+0.8%	-3.4%	+1.1%	-8.8%	+1.9%	+0.5%	+22.1%	-0.3%	+3.7%	-7.9%	-14.4%	—
Equity
Share capital	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	+27.6%	0.0%	0.0%	0.0%	0.0%	0.0%	+22.2%	0.0%	+15.4%	0.0%	0.0%	—
Reserves & retained earnings	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-566.6%	-68.2%	+6.2%	—
Equity attributable to shareholders	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-144.4%	-37.1%	+3.3%	—
Non-controlling interest	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total equity	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-144.4%	-37.1%	+3.3%	—
Total liabilities & equity	+7.7%	+37.6%	-0.4%	-4.4%	-5.0%	-7.0%	-5.1%	+2.3%	+1.0%	+1.8%	-1.5%	-13.8%	-2.5%	-3.2%	+1.8%	-6.5%	-23.2%	-15.1%	-10.6%	—
Key figures
Total debt	+4.9%	+23.0%	+3.2%	+0.4%	+0.2%	+0.2%	+64.2%	+2.5%	+1.0%	-5.7%	+0.3%	-4.9%	+3.9%	-0.9%	+9.3%	-0.2%	+1.7%	-7.9%	-8.4%	—
Net debt / (net cash)	+4.0%	+23.5%	+3.1%	+0.3%	+0.2%	+0.2%	+66.9%	+2.4%	+1.5%	-6.4%	+0.6%	+0.6%	+1.2%	-0.8%	+9.4%	+0.6%	+24.3%	-5.7%	-10.7%	—
Shares outstanding	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Common equity	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-144.4%	-37.1%	+3.3%	—
Book value per share (Rs)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-138.4%	-37.1%	+3.3%	—

Change against the previous fiscal year; shown when the earlier figure is positive.

DFML balance sheet — common size (Rs mn)
Rs mn	FY2025 * Jul 2024 – Jun 2025	FY2024 * Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 * Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 * Jul 2011 – Jun 2012	FY2011 * Jul 2010 – Jun 2011	FY2010 Jul 2009 – Jun 2010	FY2009 * Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007	FY2006 Jul 2005 – Jun 2006
Assets
Cash & short-term investments	5.0%	3.7%	4.8%	4.5%	4.1%	3.9%	3.7%	3.6%	3.5%	4.0%	3.6%	3.7%	8.0%	5.5%	5.4%	5.0%	5.2%	12.9%	12.7%	11.5%
Trade receivables	0.0%	0.0%	0.0%	0.0%	0.0%	0.2%	0.4%	2.6%	1.3%	0.7%	0.6%	0.7%	0.7%	0.6%	0.5%	0.7%	0.7%	5.0%	13.7%	9.7%
Inventories	24.9%	24.2%	2.7%	2.1%	2.3%	2.8%	2.9%	2.8%	3.6%	4.6%	4.5%	6.2%	17.0%	16.9%	18.4%	15.5%	18.4%	22.5%	23.8%	33.5%
Total current assets	60.9%	54.7%	45.3%	42.1%	39.7%	38.1%	35.4%	35.7%	35.8%	36.8%	52.7%	52.2%	63.5%	61.6%	59.7%	55.5%	54.8%	62.1%	65.2%	68.7%
Property, plant & equipment	24.3%	26.1%	25.9%	26.5%	27.1%	27.5%	27.5%	28.0%	30.5%	33.2%	36.2%	38.2%	35.6%	37.5%	39.4%	43.5%	44.3%	37.2%	34.1%	30.7%
Intangible assets	0.1%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Long-term investments	—	—	—	—	—	34.4%	37.2%	36.3%	33.7%	29.0%	10.0%	8.5%	—	—	—	1.0%	0.9%	0.7%	0.6%	0.5%
Other non-current assets	—	—	—	—	—	—	—	—	0.0%	1.0%	1.1%	1.0%	1.0%	0.9%	0.9%	—	—	—	—	—
Total non-current assets	39.1%	45.3%	54.7%	57.9%	60.3%	61.9%	64.6%	64.3%	64.2%	63.2%	47.3%	47.8%	36.5%	38.4%	40.3%	44.5%	45.2%	37.8%	34.7%	31.2%
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	28.4%	17.0%	15.3%	13.8%	12.4%	11.2%	9.1%	65.9%	65.4%	65.6%	66.9%	64.4%	53.9%	52.6%	51.1%	31.5%	27.6%	20.7%	14.8%	22.9%
Short-term borrowings & current portion of debt	171.3%	175.8%	196.6%	189.7%	180.7%	171.3%	159.0%	91.9%	91.8%	91.8%	99.1%	97.3%	87.6%	82.2%	75.2%	64.7%	55.4%	39.1%	42.0%	38.7%
Total current liabilities	199.7%	192.8%	212.0%	203.6%	193.1%	182.5%	168.2%	157.9%	157.2%	157.4%	166.0%	161.7%	152.3%	145.8%	135.2%	106.7%	95.0%	65.3%	63.2%	65.2%
Long-term debt	—	0.0%	0.0%	0.0%	0.0%	0.0%	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.6%	0.5%	5.6%	10.5%	15.0%	14.0%	7.1%	9.2%
Other non-current liabilities	0.5%	0.5%	0.6%	0.6%	0.6%	0.5%	0.5%	0.6%	0.6%	0.6%	0.6%	0.6%	0.6%	0.5%	0.5%	0.6%	0.5%	0.5%	0.5%	0.7%
Total non-current liabilities	0.5%	0.5%	0.6%	0.6%	0.6%	0.5%	0.5%	0.6%	0.6%	0.6%	0.6%	0.6%	1.2%	1.0%	6.1%	11.1%	15.5%	16.6%	12.3%	13.5%
Total liabilities	200.3%	193.4%	212.6%	204.1%	193.7%	183.1%	168.7%	158.4%	157.8%	158.0%	166.6%	162.3%	153.5%	146.8%	141.3%	117.8%	110.5%	81.9%	75.5%	78.8%
Equity
Share capital	32.5%	35.0%	48.2%	48.0%	45.9%	43.6%	40.5%	38.5%	39.4%	31.1%	31.7%	31.2%	26.9%	26.3%	25.4%	21.2%	19.8%	13.2%	11.2%	10.0%
Reserves & retained earnings	(132.8%)	(128.4%)	(160.8%)	(152.1%)	(139.6%)	(126.6%)	(109.2%)	(96.9%)	(97.2%)	(97.8%)	(98.3%)	(93.6%)	(80.4%)	(73.1%)	(66.8%)	(38.9%)	(30.3%)	5.0%	13.3%	11.2%
Equity attributable to shareholders	(100.3%)	(93.4%)	(112.6%)	(104.1%)	(93.7%)	(83.1%)	(68.7%)	(58.4%)	(57.8%)	(58.0%)	(66.6%)	(62.3%)	(53.5%)	(46.8%)	(41.3%)	(17.8%)	(10.5%)	18.1%	24.5%	21.2%
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	(100.3%)	(93.4%)	(112.6%)	(104.1%)	(93.7%)	(83.1%)	(68.7%)	(58.4%)	(57.8%)	(58.0%)	(66.6%)	(62.3%)	(53.5%)	(46.8%)	(41.3%)	(17.8%)	(10.5%)	18.1%	24.5%	21.2%
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	171.3%	175.8%	196.6%	189.7%	180.7%	171.3%	159.0%	91.9%	91.8%	91.8%	99.1%	97.3%	88.2%	82.7%	80.8%	75.2%	70.4%	53.2%	49.0%	47.9%
Net debt / (net cash)	166.3%	172.2%	191.8%	185.3%	176.6%	167.4%	155.4%	88.4%	88.3%	87.8%	95.5%	93.5%	80.2%	77.2%	75.4%	70.1%	65.2%	40.3%	36.3%	36.4%
Common equity	(100.3%)	(93.4%)	(112.6%)	(104.1%)	(93.7%)	(83.1%)	(68.7%)	(58.4%)	(57.8%)	(58.0%)	(66.6%)	(62.3%)	(53.5%)	(46.8%)	(41.3%)	(17.8%)	(10.5%)	18.1%	24.5%	21.2%

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. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.

All reported line items 158

DFML balance sheet — all reported line items (Rs mn)
Rs mn	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011	FY2010 Jul 2009 – Jun 2010	FY2009 Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007	FY2006 Jul 2005 – Jun 2006
Cash & Cash Equivalents	214.1	144.9	138.7	128.7	125.1	125.6	125.3	128.2	123.7	138.6	122.2	130.0	117.4	118.1	146.1	124.5	101.7	90.6	87.9	148.2
Cash & Short Term Investments	214.1	144.9	138.7	128.7	125.1	125.6	125.3	128.2	123.7	138.6	122.2	130.0	322.3	227.6	231.3	211.7	233.7	752.9	876.6	887.3
Short-Term Investments - Total	—	—	—	—	—	—	—	—	—	—	—	—	204.9	109.4	85.2	87.2	132.0	662.3	788.7	739.1
Loans & Receivables - Net - Short-Term	44.4	27.6	179.5	179.3	179.2	184.1	190.3	272.8	226.4	199.8	780.2	780.7	1,368.7	1,376.8	1,287.0	1,201.3	1,089.6	1,246.4	1,538.1	1,326.7
Loans & Receivables - Total	44.4	27.6	179.5	179.3	179.2	184.1	190.3	272.8	226.4	199.8	780.2	780.7	1,368.7	1,376.8	1,287.0	1,201.3	1,089.6	1,246.4	1,538.1	1,326.7
Trade Accounts & Trade Notes Receivable - Net	0.7	0.7	0.7	0.7	0.7	5.6	12.1	95.2	46.8	22.9	22.3	24.4	28.0	25.8	23.0	29.7	29.5	294.8	943.0	745.8
Loans - Short-Term	—	0.0	154.9	154.9	154.9	154.9	154.9	154.9	154.9	154.9	739.0	739.0	752.9	875.7	892.7	892.7	892.7	892.7	553.4	529.8
Income Tax - Receivables - Short-Term	43.7	26.9	23.9	23.7	23.6	23.6	23.3	22.7	24.7	22.1	18.9	17.3	22.8	6.2	4.4	28.1	14.9	0.0	—	—
Receivables - Other - Total	—	—	—	—	—	—	—	—	—	—	—	—	565.0	469.0	366.8	250.7	152.4	58.9	41.7	51.1
Inventories - Total	1,064.3	957.5	78.1	61.4	69.5	87.6	99.3	102.7	126.4	159.8	155.4	214.6	685.7	699.3	787.1	651.1	829.3	1,317.3	1,639.0	2,585.2
Inventories - Raw Materials	57.5	68.2	55.1	46.6	52.3	52.3	52.3	54.2	62.8	63.9	66.3	71.2	715.4	716.8	717.7	360.2	576.8	658.9	1,078.0	610.7
Inventories - Work in Progress	—	—	—	—	—	—	—	—	—	—	—	—	22.0	22.0	22.0	132.0	7.6	86.4	36.5	121.3
Inventories - Finished Goods	1,006.9	889.3	23.0	14.9	17.2	35.3	47.0	48.6	63.6	95.9	89.1	143.4	12.5	12.7	14.0	122.3	195.2	511.9	456.5	1,790.9
Inventories - Other - Total	—	—	—	—	—	—	—	—	—	—	—	—	(64.1)	(52.1)	33.4	36.6	49.7	60.0	68.1	62.3
Prepaid Expenses - Short-Term	1,274.9	1,036.7	907.7	846.7	827.5	815.3	795.9	783.0	783.8	786.4	750.1	693.1	185.3	245.5	249.6	271.5	312.8	320.0	442.3	497.7
Investments - Total	—	—	—	—	—	1,094.4	1,273.2	1,310.3	1,188.5	1,012.2	343.2	297.5	204.9	109.4	85.2	127.5	172.3	702.7	829.0	778.2
Property, Plant & Equipment - Net - Total	1,035.8	1,034.5	745.0	766.0	819.0	877.1	940.9	1,010.1	1,075.9	1,158.6	1,241.2	1,328.6	1,435.0	1,553.2	1,683.9	1,828.8	1,991.2	2,175.7	2,350.8	2,368.5
Property, Plant & Equipment - Gross - Total	—	—	—	—	—	—	—	—	—	—	—	—	3,364.4	3,365.6	3,365.6	3,366.9	3,369.1	3,378.2	3,357.4	3,184.4
Property, Plant & Equipment - Accumulated Depreciation & Impairment - Total	—	—	—	—	—	—	—	—	—	—	—	—	1,929.3	1,812.4	1,681.7	1,538.1	1,377.9	1,202.6	1,006.6	816.0
Other Assets - Total	—	—	—	—	—	—	—	—	0.0	36.0	36.0	36.0	39.2	39.2	39.8	—	—	—	—	—
Investments in Associates, Joint Ventures and Unconsolidated Subsidiaries	630.9	761.5	830.3	909.5	1,004.4	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Intangible Assets - Total - Net	3.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Current Assets	2,597.7	2,166.6	1,304.0	1,216.1	1,201.3	1,212.6	1,210.8	1,286.7	1,260.3	1,284.6	1,807.9	1,818.4	2,562.0	2,549.2	2,555.0	2,335.5	2,465.4	3,636.5	4,496.0	5,296.9
Investments - Long-Term	—	—	—	—	—	1,094.4	1,273.2	1,310.3	1,188.5	1,012.2	343.2	297.5	—	—	—	40.3	40.3	40.3	40.3	39.2
Intangible Assets - Accumulated Amortization & Impairment - Total	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	9.5	7.1	3.9	0.8
Intangible Assets - excluding Goodwill - Accumulated Amortization & Impairment - Total	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	9.5	7.1	3.9	0.8
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total	—	—	—	—	—	—	—	—	—	—	—	—	1,435.0	1,553.2	1,683.9	1,828.8	1,991.2	2,175.7	2,350.8	2,368.5
Land & Buildings - Net	—	—	—	—	—	—	—	—	—	—	—	—	765.7	801.9	840.0	—	—	—	—	—
Land/Improvements - Net	—	—	—	—	—	—	—	—	—	—	—	—	78.0	78.0	78.0	—	—	—	—	—
Buildings - Net	—	—	—	—	—	—	—	—	—	—	—	—	687.7	723.9	761.9	—	—	—	—	—
Plant, Machinery & Equipment - Net	—	—	—	—	—	—	—	—	—	—	—	—	525.5	590.5	659.4	—	—	—	—	—
Transportation Equipment - Net	—	—	—	—	—	—	—	—	—	—	—	—	44.9	56.5	66.0	—	—	—	—	—
Property, Plant & Equipment - Under Capital Lease - Net	—	—	—	—	—	—	—	—	—	—	—	—	42.3	48.0	59.2	—	—	—	—	—
Property, Plant & Equipment - Other - Net	—	—	—	—	—	—	—	—	—	—	—	—	101.5	112.8	125.3	—	—	—	—	—
Intangible Assets - Other - Accumulated Amortization & Impairment	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	9.5	7.1	3.9	0.8
Property, Plant & Equipment - excluding Assets Leased Out - Gross	—	—	—	—	—	—	—	—	—	—	—	—	3,364.4	3,365.6	3,365.6	3,366.9	3,369.1	3,378.2	3,357.4	3,184.4
Land & Buildings - Gross	—	—	—	—	—	—	—	—	—	—	—	—	1,214.4	1,214.4	1,214.4	1,199.0	1,199.0	1,199.0	1,193.9	1,091.3
Land/Improvements - Gross	—	—	—	—	—	—	—	—	—	—	—	—	78.0	78.0	78.0	78.0	78.0	78.0	78.0	78.0
Buildings - Gross	—	—	—	—	—	—	—	—	—	—	—	—	1,136.3	1,136.3	1,136.4	1,121.0	1,121.0	1,121.0	1,115.8	1,013.3
Plant, Machinery & Equipment - Gross	—	—	—	—	—	—	—	—	—	—	—	—	1,782.8	1,784.1	1,767.0	1,767.2	1,767.6	1,773.6	1,759.4	1,471.4
Transportation Equipment - Gross	—	—	—	—	—	—	—	—	—	—	—	—	265.6	266.8	249.7	249.9	250.4	256.4	242.5	223.4
Construction in Progress - Gross	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	15.0	15.0	15.0	19.6	286.3
Property, Plant & Equipment - Under Capital Lease - Gross	—	—	—	—	—	—	—	—	—	—	—	—	115.2	115.2	132.3	133.8	135.8	139.0	139.0	112.9
Total Assets	4,267.4	3,962.6	2,879.3	2,891.5	3,024.7	3,184.1	3,424.9	3,607.1	3,524.7	3,491.5	3,428.3	3,480.4	4,036.3	4,141.6	4,278.8	4,204.6	4,496.9	5,854.9	6,892.6	7,713.2
Property, Plant & Equipment - Other - Gross	—	—	—	—	—	—	—	—	—	—	—	—	251.9	251.9	251.9	251.9	251.6	251.6	245.6	222.5
Debt - Total	7,309.0	6,966.7	5,661.9	5,485.9	5,466.2	5,454.9	5,446.1	3,315.9	3,236.3	3,204.2	3,397.6	3,385.9	3,559.3	3,424.8	3,455.9	3,160.4	3,165.4	3,112.1	3,379.6	3,691.5
Short-Term Debt & Current Portion of Long-Term Debt	7,309.0	6,966.7	5,661.9	5,485.9	5,466.2	5,454.9	5,446.1	3,315.9	3,236.3	3,204.2	3,397.6	3,385.9	3,534.8	3,404.8	3,217.2	2,718.3	2,491.8	2,291.8	2,893.1	2,985.1
Property, Plant & Equipment - excluding Assets Leased Out - Accumulated Depreciation & Impairment - Total	—	—	—	—	—	—	—	—	—	—	—	—	1,929.3	1,812.4	1,681.7	1,538.1	1,377.9	1,202.6	1,006.6	816.0
Land & Buildings - Accumulated Depreciation & Impairment	—	—	—	—	—	—	—	—	—	—	—	—	448.7	412.5	374.4	—	—	—	—	—
Land/Improvements - Accumulated Depreciation & Impairment	—	—	—	—	—	—	—	—	—	—	—	—	0.0	0.0	0.0	—	—	—	—	—
Buildings - Accumulated Depreciation & Impairment	—	—	—	—	—	—	—	—	—	—	—	—	448.7	412.5	374.4	—	—	—	—	—
Current Portion of Long-Term Debt including Capitalized Leases	1,096.9	1,096.9	1,096.9	1,096.9	1,096.9	1,096.9	1,096.9	1,096.9	1,142.3	1,218.0	1,219.8	1,219.8	1,221.1	1,201.1	985.6	785.7	561.2	349.0	432.6	964.4
Plant, Machinery & Equipment - Accumulated Depreciation & Impairment	—	—	—	—	—	—	—	—	—	—	—	—	1,257.4	1,193.6	1,107.6	—	—	—	—	—
Transportation Equipment - Accumulated Depreciation & Impairment	—	—	—	—	—	—	—	—	—	—	—	—	220.7	210.4	183.7	—	—	—	—	—
Capitalized Leases - Current Portion	—	—	—	—	—	—	—	—	0.0	38.6	40.4	40.4	41.6	41.6	44.9	43.5	48.6	57.2	31.1	22.7
Short-Term Debt & Notes Payable	6,212.1	5,869.7	4,564.9	4,389.0	4,369.3	4,358.0	4,349.2	2,219.0	2,094.1	1,986.2	2,177.8	2,166.1	2,313.8	2,203.7	2,231.6	1,932.6	1,930.6	1,942.8	2,460.5	2,020.7
Debt - Long-Term - Total	—	0.0	0.0	0.0	0.0	0.0	—	0.0	0.0	0.0	0.0	0.0	24.5	20.0	238.7	442.2	673.7	820.4	486.5	706.4
Property, Plant & Equipment - Under Capital Lease - Accumulated Depreciation & Impairment	—	—	—	—	—	—	—	—	—	—	—	—	72.9	67.2	73.1	—	—	—	—	—
Property, Plant & Equipment - Other - Accumulated Depreciation & Impairment	—	—	—	—	—	—	—	—	—	—	—	—	150.4	139.1	126.6	—	—	—	—	—
Current Portion of Long-Term Debt excluding Capitalized Leases	1,096.9	1,096.9	1,096.9	1,096.9	1,096.9	1,096.9	1,096.9	1,096.9	1,142.3	1,179.4	1,179.4	1,179.4	1,179.4	1,159.5	940.7	742.2	512.6	291.7	401.5	941.7
Capitalized Lease Obligations - Long-Term	—	—	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	—	—	5.0	6.8	11.4	69.0	76.4
Long-Term Debt excluding Capitalized Leases	—	0.0	0.0	0.0	0.0	0.0	—	0.0	0.0	0.0	0.0	0.0	24.5	20.0	238.7	437.2	666.9	809.0	417.5	630.0
Other Non-Current Assets - Total	—	—	—	—	—	—	—	—	0.0	36.0	36.0	36.0	39.2	39.2	39.8	—	—	—	—	—
Debt - Non-Convertible - Long-Term	—	0.0	0.0	0.0	0.0	0.0	—	0.0	0.0	0.0	0.0	0.0	24.5	20.0	238.7	437.2	666.9	809.0	417.5	630.0
Dividends Payable	1.8	1.8	1.8	1.8	1.8	1.8	1.8	1.8	—	—	—	—	1.8	1.8	1.8	1.8	1.8	1.8	2.1	1.3
Deferred Tax & Investment Tax Credits - Long-Term	—	—	—	—	—	0.0	—	—	—	—	—	—	0.0	0.0	0.0	—	0.0	120.0	326.8	288.4
Deferred Tax - Liability - Long-Term	—	—	—	—	—	0.0	—	—	—	—	—	—	0.0	0.0	0.0	—	0.0	120.0	326.8	288.4
Payables & Accrued Expenses	1,212.0	673.0	441.8	399.1	374.1	355.6	312.7	2,376.8	2,306.1	2,291.8	2,292.1	2,242.7	2,332.5	2,339.1	2,220.9	1,405.6	1,553.2	1,394.4	1,273.1	1,872.2
Trade Account Payables - Total	1,212.0	673.0	441.8	399.1	374.1	355.6	312.7	2,376.8	2,306.1	2,291.8	2,292.1	2,242.7	2,175.9	2,178.3	2,188.1	1,324.3	1,243.1	1,214.0	1,021.1	1,763.4
Other Non-Current Assets	—	—	—	—	—	—	—	—	0.0	36.0	36.0	36.0	39.2	39.2	39.8	—	—	—	—	—
Accrued Expenses	—	—	—	—	—	—	—	—	—	—	—	—	156.6	160.9	32.8	81.3	310.1	180.4	252.0	108.8
Total Liabilities	8,545.7	7,662.5	6,121.4	5,902.7	5,859.1	5,829.3	5,777.5	5,715.5	5,563.6	5,517.2	5,710.9	5,649.8	6,195.8	6,080.3	6,047.9	4,951.6	4,968.3	4,792.5	5,203.4	6,077.3
Shareholders' Equity - Attributable to Parent Shareholders - Total	(4,278.3)	(3,699.9)	(3,242.0)	(3,011.2)	(2,834.4)	(2,645.2)	(2,352.6)	(2,108.3)	(2,038.9)	(2,025.7)	(2,282.6)	(2,169.3)	(2,159.5)	(1,938.7)	(1,769.1)	(747.0)	(471.4)	1,062.4	1,689.2	1,636.0
Total Non-Current Assets	1,669.7	1,796.0	1,575.3	1,675.4	1,823.4	1,971.5	2,214.1	2,320.4	2,264.5	2,206.8	1,620.4	1,662.1	1,474.2	1,592.4	1,723.8	1,869.1	2,031.5	2,216.0	2,391.1	2,407.6
Common Equity Attributable to Parent Shareholders	(4,278.3)	(3,699.9)	(3,242.0)	(3,011.2)	(2,834.4)	(2,645.2)	(2,352.6)	(2,108.3)	(2,038.9)	(2,025.7)	(2,282.6)	(2,169.3)	(2,159.5)	(1,938.7)	(1,769.1)	(747.0)	(471.4)	1,062.4	1,689.2	1,636.0
Common Equity - Contributed	1,387.4	1,387.4	1,387.4	1,387.4	1,387.4	1,387.4	1,387.4	1,387.4	1,387.4	1,387.4	1,087.4	1,087.4	1,087.4	1,087.4	1,087.4	889.7	889.7	770.7	770.7	770.7
Common Stock - Issued & Paid	1,387.4	1,387.4	1,387.4	1,387.4	1,387.4	1,387.4	1,387.4	1,387.4	1,387.4	1,087.4	1,087.4	1,087.4	1,087.4	1,087.4	1,087.4	889.7	889.7	770.7	770.7	770.7
Equity - Non-Contributed - Reserves & Retained Earnings	(5,665.7)	(5,087.2)	(4,629.4)	(4,398.6)	(4,221.8)	(4,032.5)	(3,740.0)	(3,495.7)	(3,426.2)	(3,413.0)	(3,370.0)	(3,256.7)	(3,246.9)	(3,026.1)	(2,856.5)	(1,636.7)	(1,361.1)	291.7	918.5	865.2
Retained Earnings - Total	(5,665.7)	(5,087.2)	(4,629.4)	(4,398.6)	(4,221.8)	(4,032.5)	(3,740.0)	—	—	—	—	—	—	—	—	(1,636.7)	(1,361.1)	190.8	590.3	865.2
Trade Accounts Payable & Accruals - Short-Term	1,212.0	673.0	441.8	399.1	374.1	355.6	312.7	2,376.8	2,306.1	2,291.8	2,292.1	2,242.7	2,332.5	2,339.1	2,220.9	1,405.6	1,553.2	1,394.4	1,273.1	1,872.2
Comprehensive Income - Accumulated - Total	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	100.9	328.2	—
Trade Accounts & Trade Notes Payable - Short-Term	1,212.0	673.0	441.8	399.1	374.1	355.6	312.7	2,376.8	2,306.1	2,291.8	2,292.1	2,242.7	2,175.9	2,178.3	2,188.1	1,324.3	1,243.1	1,214.0	1,021.1	1,763.4
Investments - Unrealized Gain/Loss	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	100.9	328.2	—
Accrued Expenses - Short-Term	—	—	—	—	—	—	—	—	—	—	—	—	156.6	160.9	32.8	81.3	310.1	180.4	252.0	108.8
Other Reserves/Equity - Total	—	—	—	—	—	—	—	(3,495.7)	(3,426.2)	(3,413.0)	(3,370.0)	(3,256.7)	(3,246.9)	(3,026.1)	(2,856.5)	—	—	—	—	—
Income Taxes - Payable - Short-Term	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	8.2	41.8	93.7
Dividends/Distributions Payable	1.8	1.8	1.8	1.8	1.8	1.8	1.8	1.8	—	—	—	—	1.8	1.8	1.8	1.8	1.8	1.8	2.1	1.3
Other Current Liabilities - Total	—	—	—	—	—	—	—	—	—	—	—	—	279.9	292.3	347.0	360.3	224.1	126.5	146.2	80.1
Common Equity - Total	(4,278.3)	(3,699.9)	(3,242.0)	(3,011.2)	(2,834.4)	(2,645.2)	(2,352.6)	(2,108.3)	(2,038.9)	(2,025.7)	(2,282.6)	(2,169.3)	(2,159.5)	(1,938.7)	(1,769.1)	(747.0)	(471.4)	1,062.4	1,689.2	1,636.0
Common Stock - Additional Paid in Capital including Option Reserve	—	—	—	—	—	—	—	—	0.0	300.0	0.0	0.0	—	—	—	—	—	—	—	—
Customer Advances - Short-Term	—	—	—	—	—	—	—	—	—	—	—	—	278.9	279.8	301.9	301.9	179.8	51.5	67.4	2.9
Total Shareholders' Equity - including Minority Interest & Hybrid Debt	(4,278.3)	(3,699.9)	(3,242.0)	(3,011.2)	(2,834.4)	(2,645.2)	(2,352.6)	(2,108.3)	(2,038.9)	(2,025.7)	(2,282.6)	(2,169.3)	(2,159.5)	(1,938.7)	(1,769.1)	(747.0)	(471.4)	1,062.4	1,689.2	1,636.0
Total Liabilities & Equity	4,267.4	3,962.6	2,879.3	2,891.5	3,024.7	3,184.1	3,424.9	3,607.1	3,524.7	3,491.5	3,428.3	3,480.4	4,036.3	4,141.6	4,278.8	4,204.6	4,496.9	5,854.9	6,892.6	7,713.2
Other Current Liabilities	—	—	—	—	—	—	—	—	—	—	—	—	1.0	12.5	45.1	58.4	44.2	75.0	78.8	77.1
Total Current Liabilities	8,522.8	7,641.5	6,105.4	5,886.8	5,842.2	5,812.4	5,760.6	5,694.5	5,542.4	5,495.9	5,689.7	5,628.6	6,149.0	6,038.1	5,786.9	4,486.0	4,270.8	3,822.6	4,356.3	5,032.3
Other Non-Current Liabilities - Total	22.9	21.0	15.9	15.9	16.9	16.9	16.9	20.9	21.2	21.2	21.2	21.2	22.3	22.3	22.3	23.4	23.8	29.5	33.9	50.2
Provisions - Long-Term	4.2	4.2	4.2	4.2	4.2	4.2	4.2	4.2	4.5	4.5	4.5	4.5	4.6	4.6	4.6	4.7	5.1	7.0	7.2	8.2
Post Employment Benefits - Pension & Other - Long-Term	4.2	4.2	4.2	4.2	4.2	4.2	4.2	4.2	4.5	4.5	4.5	4.5	4.6	4.6	4.6	4.7	5.1	7.0	7.2	8.2
Other Non-Current Liabilities	18.7	16.8	11.7	11.7	12.7	12.7	12.7	16.7	16.7	16.7	16.7	16.7	17.7	17.7	17.7	18.7	18.7	22.5	26.6	42.0
Total Non-Current Liabilities	22.9	21.0	15.9	15.9	16.9	16.9	16.9	20.9	21.2	21.2	21.2	21.2	46.8	42.2	261.0	465.6	697.4	969.9	847.2	1,044.9
Common Shares - Issued - Total mn	138.7	138.7	138.7	138.7	138.7	138.7	138.7	138.7	138.7	108.7	108.7	108.7	108.7	108.7	108.7	89.0	89.0	77.1	77.1	77.1
Common Shares - Outstanding - Total mn	138.7	138.7	138.7	138.7	138.7	138.7	138.7	138.7	138.7	108.7	108.7	108.7	108.7	108.7	108.7	89.0	89.0	77.1	77.1	77.1
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	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Common Shares - Authorized - Issue Specific mn	150.0	150.0	150.0	150.0	150.0	150.0	150.0	150.0	150.0	150.0	120.0	120.0	120.0	120.0	120.0	—	—	—	—	—
Common Shares - Issued - Issue Specific mn	138.7	138.7	138.7	138.7	138.7	138.7	138.7	138.7	138.7	108.7	108.7	108.7	108.7	108.7	108.7	89.0	89.0	77.1	77.1	77.1
Common Shares - Outstanding - Issue Specific mn	138.7	138.7	138.7	138.7	138.7	138.7	138.7	138.7	138.7	108.7	108.7	108.7	108.7	108.7	108.7	89.0	89.0	77.1	77.1	77.1
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	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×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Net - Supplemental	—	—	—	—	—	—	—	—	—	—	—	—	1,392.7	1,505.2	1,624.7	—	—	—	—	—
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Gross - Supplemental	—	—	—	—	—	—	—	—	—	—	—	—	3,249.1	3,250.4	3,233.3	3,233.1	3,233.3	3,239.2	3,218.4	3,071.5
Finance and Operating Lease Liabilities - Total - Supplemental	—	—	—	—	—	—	—	—	0.0	38.6	40.4	40.4	41.6	41.6	44.9	48.4	55.4	68.6	100.1	99.2
Debt including Finance and Operating Lease Liabilities - Supplemental	7,309.0	6,966.7	5,661.9	5,485.9	5,466.2	5,454.9	5,446.1	3,315.9	3,236.3	3,204.2	3,397.6	3,385.9	3,559.3	3,424.8	3,455.9	3,160.4	3,165.4	3,112.1	3,379.6	3,691.5
Net Debt	7,095.0	6,821.8	5,523.2	5,357.2	5,341.1	5,329.3	5,320.9	3,187.7	3,112.7	3,065.6	3,275.4	3,255.9	3,237.0	3,197.2	3,224.6	2,948.8	2,931.7	2,359.3	2,503.0	2,804.2
Debt - Long-Term - Maturities - Total	—	—	—	—	—	—	—	—	—	—	—	—	1,179.2	1,179.4	1,179.4	1,179.4	—	—	—	—
Debt - Long-Term - Maturities - within 1 Year	—	—	—	—	—	—	—	—	—	—	—	—	1,179.2	1,159.5	940.7	742.2	—	—	—	—
Debt - Long-Term - Maturities - Remaining	—	—	—	—	—	—	—	—	—	—	—	—	—	20.0	238.7	437.2	—	—	—	—
Capital Lease Maturities - Total	—	—	—	—	—	—	—	—	—	—	—	—	41.6	41.6	44.9	48.4	55.4	68.6	100.1	—
Capital Lease Maturities - Due within 1 Year	—	—	—	—	—	—	—	—	—	—	—	—	41.6	41.6	44.9	43.5	48.6	57.2	31.1	—
Debt - Long-Term - Maturities - Year 6 & Beyond	—	—	—	—	—	—	—	—	—	—	—	—	—	20.0	238.7	437.2	—	—	—	—
Capital Lease Maturities - Remaining Maturities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	5.0	6.8	11.4	69.0	—
Capital Lease Maturities - Due in Year 6 & Beyond	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	5.0	6.8	11.4	69.0	—
Asset Accruals	4,053.3	3,817.8	2,740.6	2,762.8	2,899.6	3,058.5	3,299.6	3,478.9	3,401.0	3,352.9	3,306.1	3,350.5	3,918.8	4,023.5	4,132.6	4,080.1	4,395.2	5,762.0	6,799.2	7,556.3
Cash & Cash Equivalents - Total	214.1	144.9	138.7	128.7	125.1	125.6	125.3	128.2	123.7	138.6	122.2	130.0	117.4	118.1	146.1	124.5	101.7	90.6	87.9	148.2
Cash & Short Term Investments - Total	214.1	144.9	138.7	128.7	125.1	125.6	125.3	128.2	123.7	138.6	122.2	130.0	322.3	227.6	231.3	211.7	233.7	752.9	876.6	887.3
Debt - including Preferred Equity & Minority Interest - Total	7,309.0	6,966.7	5,661.9	5,485.9	5,466.2	5,454.9	5,446.1	3,315.9	3,236.3	3,204.2	3,397.6	3,385.9	3,559.3	3,424.8	3,455.9	3,160.4	3,165.4	3,112.1	3,379.6	3,691.5
Investments - Permanent	630.9	761.5	830.3	909.5	1,004.4	1,094.4	1,273.2	1,310.3	1,188.5	1,012.2	343.2	297.5	—	—	—	40.3	40.3	40.3	40.3	39.2
Net Book Capital	2,816.6	3,121.9	2,281.1	2,346.0	2,506.7	2,684.1	2,968.2	1,079.4	1,073.8	1,039.9	992.8	1,086.6	1,077.5	1,258.5	1,455.4	2,201.8	2,460.3	3,421.7	4,192.2	4,440.2
Net Operating Assets	2,816.6	3,121.9	2,281.1	2,346.0	2,506.7	2,684.1	2,968.2	1,079.4	1,073.8	1,039.9	992.8	1,086.6	1,077.5	1,258.5	1,455.4	2,201.8	2,460.3	3,421.7	4,192.2	4,440.2
Provisions - Total	4.2	4.2	4.2	4.2	4.2	4.2	4.2	4.2	4.5	4.5	4.5	4.5	4.6	4.6	4.6	4.7	5.1	127.0	334.0	296.6
Shareholders Equity - Common	(4,278.3)	(3,699.9)	(3,242.0)	(3,011.2)	(2,834.4)	(2,645.2)	(2,352.6)	(2,108.3)	(2,038.9)	(2,025.7)	(2,282.6)	(2,169.3)	(2,159.5)	(1,938.7)	(1,769.1)	(747.0)	(471.4)	1,062.4	1,689.2	1,636.0
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Accumulated Depreciation - Supplemental	—	—	—	—	—	—	—	—	—	—	—	—	1,856.4	1,745.2	1,608.6	—	—	—	—	—
Tangible Total Equity	(4,281.3)	(3,699.9)	(3,242.0)	(3,011.2)	(2,834.4)	(2,645.2)	(2,352.6)	(2,108.3)	(2,038.9)	(2,025.7)	(2,282.6)	(2,169.3)	(2,159.5)	(1,938.7)	(1,769.1)	(747.0)	(471.4)	1,062.4	1,689.2	1,636.0
Tangible Book Value	(4,281.3)	(3,699.9)	(3,242.0)	(3,011.2)	(2,834.4)	(2,645.2)	(2,352.6)	(2,108.3)	(2,038.9)	(2,025.7)	(2,282.6)	(2,169.3)	(2,159.5)	(1,938.7)	(1,769.1)	(747.0)	(471.4)	1,062.4	1,689.2	1,636.0
Total Book Capital	3,030.7	3,266.8	2,419.8	2,474.7	2,631.8	2,809.8	3,093.5	1,207.6	1,197.4	1,178.5	1,115.0	1,216.6	1,399.8	1,486.1	1,686.8	2,413.4	2,694.0	4,174.6	5,068.8	5,327.5
Total Capital	3,030.7	3,266.8	2,419.8	2,474.7	2,631.8	2,809.8	3,093.5	1,207.6	1,197.4	1,178.5	1,115.0	1,216.6	1,399.8	1,486.1	1,686.8	2,413.4	2,694.0	4,174.6	5,068.8	5,327.5
Total Long Term Capital	(4,255.4)	(3,678.9)	(3,226.1)	(2,995.3)	(2,817.5)	(2,628.2)	(2,335.7)	(2,087.4)	(2,017.7)	(2,004.5)	(2,261.4)	(2,148.1)	(2,112.8)	(1,896.5)	(1,508.2)	(281.4)	226.1	2,032.3	2,536.4	2,680.9
Unearned Revenue - Total	—	—	—	—	—	—	—	—	—	—	—	—	278.9	279.8	301.9	301.9	179.8	51.5	67.4	2.9
Book Value excluding Other Equity	(4,278.3)	(3,699.9)	(3,242.0)	(3,011.2)	—	—	—	1,387.4	1,387.4	1,387.4	1,087.4	1,087.4	1,087.4	1,087.4	1,087.4	—	—	—	—	—
Income Taxes - Payable - Long-Term & Short-Term	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	8.2	41.8	93.7
Accruals - Short-Term	(6,139.2)	(5,619.7)	(4,940.1)	(4,799.5)	(4,766.0)	(4,725.3)	(4,675.0)	(4,536.0)	(4,405.8)	(4,349.9)	(4,004.0)	(3,940.2)	(3,704.4)	(3,607.0)	(3,378.1)	(2,274.9)	(1,907.2)	(276.6)	51.8	116.4
Cash & Short Term Investments - Net of Debt	(7,095.0)	(6,821.8)	(5,523.2)	(5,357.2)	(5,341.1)	(5,329.3)	(5,320.9)	(3,187.7)	(3,112.7)	(3,065.6)	(3,275.4)	(3,255.9)	(3,237.0)	(3,197.2)	(3,224.6)	(2,948.8)	(2,931.7)	(2,359.3)	(2,503.0)	(2,804.2)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments	1,096.9	1,096.9	1,096.9	1,096.9	1,096.9	1,096.9	1,096.9	1,096.9	1,142.3	1,218.0	1,219.8	1,219.8	1,221.1	1,201.1	985.6	785.7	561.2	349.0	432.6	964.4
Total Fixed Assets - Net	1,669.7	1,796.0	1,575.3	1,675.4	1,823.4	1,971.5	2,214.1	2,320.4	2,264.5	2,206.8	1,620.4	1,662.1	1,474.2	1,592.4	1,723.8	1,869.1	2,031.5	2,216.0	2,391.1	2,407.6
Working Capital	(5,925.1)	(5,474.8)	(4,801.4)	(4,670.7)	(4,640.9)	(4,599.7)	(4,549.8)	(4,407.8)	(4,282.1)	(4,211.3)	(3,881.8)	(3,810.2)	(3,587.0)	(3,488.9)	(3,231.9)	(2,150.5)	(1,805.4)	(186.1)	139.7	264.6
Interest Bearing Liabilities - Total	7,309.0	6,966.7	5,661.9	5,485.9	5,466.2	5,454.9	5,446.1	3,315.9	3,236.3	3,204.2	3,397.6	3,385.9	3,559.3	3,424.8	3,455.9	3,160.4	3,165.4	3,112.1	3,379.6	3,691.5
Working Capital - Non-Cash	(6,139.2)	(5,619.7)	(4,940.1)	(4,799.5)	(4,766.0)	(4,725.3)	(4,675.0)	(4,536.0)	(4,405.8)	(4,349.9)	(4,004.0)	(3,940.2)	(3,909.3)	(3,716.5)	(3,463.3)	(2,362.2)	(2,039.1)	(938.9)	(736.9)	(622.7)
Working Capital excluding Other Current Assets & Liabilities	—	—	—	—	—	—	—	—	—	—	—	—	(3,307.1)	(3,196.6)	(2,884.9)	(1,790.2)	(1,581.4)	(59.6)	285.9	344.7
Net Debt Including Preferred Equity & Minority Interest	7,095.0	6,821.8	5,523.2	5,357.2	5,341.1	5,329.3	5,320.9	3,187.7	3,112.7	3,065.6	3,275.4	3,255.9	3,237.0	3,197.2	3,224.6	2,948.8	2,931.7	2,359.3	2,503.0	2,804.2
Other Short-Term & Long-Term Assets - Total	—	—	—	—	—	—	—	—	0.0	36.0	36.0	36.0	39.2	39.2	39.8	—	—	—	—	—
Other Short-Term & Long-Term Liabilities - Total	18.7	16.8	11.7	11.7	12.7	12.7	12.7	16.7	16.7	16.7	16.7	16.7	297.6	310.0	364.7	379.0	242.8	149.0	172.8	122.0
Total Current Assets excluding Total Inventories	1,533.3	1,209.2	1,225.9	1,154.6	1,131.8	1,125.0	1,111.6	1,184.0	1,133.9	1,124.8	1,652.5	1,603.8	1,876.3	1,849.9	1,767.9	1,684.4	1,636.2	2,319.3	2,857.0	2,711.8
Tangible Book Value excluding Other Equity	(4,281.3)	(3,699.9)	(3,242.0)	(3,011.2)	—	—	—	1,387.4	1,387.4	1,387.4	1,087.4	1,087.4	1,087.4	1,087.4	1,087.4	—	—	—	—	—
Total Debt Excluding Islamic	7,309.0	6,966.7	5,661.9	5,485.9	5,466.2	5,454.9	5,446.1	3,315.9	3,236.3	3,204.2	3,397.6	3,385.9	3,559.3	3,424.8	3,455.9	3,160.4	3,165.4	3,112.1	3,379.6	3,691.5
Trade Accounts & Trade Notes Receivable - Net - Total	0.7	0.7	0.7	0.7	0.7	5.6	12.1	95.2	46.8	22.9	22.3	24.4	28.0	25.8	23.0	29.7	29.5	294.8	943.0	745.8
Current Liabilities excluding Current Debt - Total	1,213.8	674.8	443.6	400.9	375.9	357.5	314.5	2,378.6	2,306.1	2,291.8	2,292.1	2,242.7	2,614.2	2,633.3	2,569.7	1,767.7	1,779.1	1,530.8	1,463.2	2,047.3
Cash in Hand & with Banks - Total	214.1	144.9	138.7	128.7	125.1	125.6	125.3	128.2	123.7	138.6	122.2	130.0	117.4	118.1	146.1	124.5	101.7	90.6	87.9	148.2
Current Assets excluding Cash & Short Term Investments - Total	2,383.6	2,021.8	1,165.3	1,087.3	1,076.1	1,087.0	1,085.6	1,158.5	1,136.6	1,146.0	1,685.7	1,688.4	2,239.7	2,321.6	2,323.7	2,123.8	2,231.7	2,883.7	3,619.4	4,409.6
Cash, Short Term Investments & Accounts Receivable - Total	214.7	145.5	139.4	129.4	125.8	131.2	137.4	223.4	170.5	161.5	144.5	154.4	350.3	253.4	254.4	241.4	263.2	1,047.7	1,819.6	1,633.1

Every line the company reported, in the original order and wording, without regrouping or signs changed.