Dewan Sugar Mills Limited (DWSM) quarterly balance sheet

At the end of Q3 FY2026 (Apr – Jun 2026) Dewan Sugar Mills Limited had total assets of Rs 7.7 bn, down 7.8% on Q3 FY2025. Current assets of Rs 914.4 mn covered current liabilities of Rs 7.6 bn 0.12 times. Total debt was Rs 3.3 bn, net debt Rs 3.3 bn. Shareholders' equity was -Rs 1.9 bn (Rs -21.26 per share), -25.3% of total assets.

DWSM balance sheet (quarterly) (Rs bn)
Rs bn	Q3 FY2026 Apr – Jun 2026	Q2 FY2026 Jan – Mar 2026	Q1 FY2026 Oct – Dec 2025	Q4 FY2025 Jul – Sep 2025	Q3 FY2025 Apr – Jun 2025	Q2 FY2025 Jan – Mar 2025	Q1 FY2025 Oct – Dec 2024	Q4 FY2024 Jul – Sep 2024	Q3 FY2024 Apr – Jun 2024	Q2 FY2024 Jan – Mar 2024	Q1 FY2024 Oct – Dec 2023	Q4 FY2023 Jul – Sep 2023	Q3 FY2023 Apr – Jun 2023	Q2 FY2023 Jan – Mar 2023	Q1 FY2023 Oct – Dec 2022	Q4 FY2022 Jul – Sep 2022	Q3 FY2022 Apr – Jun 2022	Q2 FY2022 Jan – Mar 2022	Q1 FY2022 Oct – Dec 2021	Q4 FY2021 Jul – Sep 2021
Assets
Cash & short-term investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.1	0.0	0.1	0.0	0.0	0.0	0.1
Trade receivables	0.1	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.3	0.1	0.0
Inventories	0.4	0.5	0.5	0.5	0.5	0.6	0.5	0.8	1.1	1.9	1.4	1.7	2.4	2.2	1.2	1.4	2.1	2.6	1.0	1.5
Other current assets	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 current assets	0.9	0.9	1.0	0.9	1.2	1.3	1.4	1.6	2.0	2.8	2.2	2.6	2.8	2.6	2.1	2.3	2.5	3.4	1.7	1.9
Property, plant & equipment	6.8	6.9	6.9	7.0	7.1	7.2	7.3	7.4	5.8	5.8	5.9	6.0	6.1	6.1	6.2	6.3	6.4	6.6	6.7	6.9
Total non-current assets	6.8	6.9	6.9	7.0	7.1	7.2	7.3	7.4	5.8	5.8	5.9	6.0	6.1	6.1	6.2	6.3	6.4	6.6	6.7	6.9
Total assets	7.7	7.8	7.9	7.9	8.3	8.5	8.8	9.0	7.7	8.6	8.2	8.6	8.9	8.7	8.3	8.6	9.0	9.9	8.5	8.8
Liabilities
Trade payables	4.6	4.6	4.3	4.1	4.6	4.7	4.6	4.5	4.8	5.3	4.8	5.2	5.4	5.0	4.1	4.3	4.4	5.3	3.5	3.6
Short-term borrowings & current portion of debt	2.8	2.8	2.8	2.8	2.8	2.8	2.8	2.8	2.8	2.8	2.8	2.8	2.8	2.8	2.9	2.8	2.9	2.8	2.9	2.9
Total current liabilities	7.6	7.6	7.3	7.2	7.7	7.7	7.6	7.5	7.8	8.4	7.8	8.2	8.4	8.0	7.1	7.3	7.5	8.3	6.6	6.7
Long-term debt	0.5	0.5	0.5	0.5	0.5	0.4	0.5	0.5	0.4	0.5	0.5	0.4	0.5	0.5	0.5	0.5	0.4	0.4	0.4	0.4
Other non-current liabilities	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 non-current liabilities	2.0	2.0	2.1	2.1	2.1	2.1	2.1	2.1	1.7	1.7	1.7	1.7	1.8	1.8	1.9	1.8	1.5	1.5	1.5	1.5
Total liabilities	9.6	9.6	9.4	9.2	9.7	9.8	9.8	9.7	9.5	10.1	9.5	9.9	10.1	9.8	9.0	9.1	9.0	9.8	8.1	8.2
Equity
Share capital	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9
Reserves & retained earnings	(2.9)	(2.7)	(2.4)	(2.2)	(2.3)	(2.2)	(1.9)	(1.6)	(2.7)	(2.4)	(2.2)	(2.2)	(2.2)	(2.0)	(1.6)	(1.5)	(0.9)	(0.8)	(0.6)	(0.3)
Equity attributable to shareholders	(1.9)	(1.8)	(1.5)	(1.3)	(1.4)	(1.3)	(1.0)	(0.7)	(1.7)	(1.4)	(1.3)	(1.3)	(1.2)	(1.1)	(0.7)	(0.6)	(0.0)	0.2	0.3	0.6
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	(1.9)	(1.8)	(1.5)	(1.3)	(1.4)	(1.3)	(1.0)	(0.7)	(1.7)	(1.4)	(1.3)	(1.3)	(1.2)	(1.1)	(0.7)	(0.6)	(0.0)	0.2	0.3	0.6
Total liabilities & equity	7.7	7.8	7.9	7.9	8.3	8.5	8.8	9.0	7.7	8.6	8.2	8.6	8.9	8.7	8.3	8.6	9.0	9.9	8.5	8.8
Key figures
Total debt	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.4	3.3	3.4	3.3	3.3	3.3
Net debt / (net cash)	3.3	3.3	3.3	3.3	3.3	3.2	3.3	3.3	3.2	3.3	3.3	3.2	3.3	3.3	3.4	3.2	3.3	3.2	3.3	3.2
Shares outstanding mn	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5
Common equity	(1.9)	(1.8)	(1.5)	(1.3)	(1.4)	(1.3)	(1.0)	(0.7)	(1.7)	(1.4)	(1.3)	(1.3)	(1.2)	(1.1)	(0.7)	(0.6)	(0.0)	0.2	0.3	0.6
Book value per share (Rs) Rs	(21.26)	(20.03)	(15.88)	(13.81)	(15.37)	(14.01)	(10.87)	(7.23)	(19.10)	(15.84)	(14.54)	(14.18)	(13.64)	(12.12)	(7.29)	(6.10)	(0.12)	1.69	3.40	6.41

DWSM balance sheet — year-on-year change (Rs mn)
Rs mn	Q3 FY2026 Apr – Jun 2026	Q2 FY2026 Jan – Mar 2026	Q1 FY2026 Oct – Dec 2025	Q4 FY2025 Jul – Sep 2025	Q3 FY2025 Apr – Jun 2025	Q2 FY2025 Jan – Mar 2025	Q1 FY2025 Oct – Dec 2024	Q4 FY2024 Jul – Sep 2024	Q3 FY2024 Apr – Jun 2024	Q2 FY2024 Jan – Mar 2024	Q1 FY2024 Oct – Dec 2023	Q4 FY2023 Jul – Sep 2023	Q3 FY2023 Apr – Jun 2023	Q2 FY2023 Jan – Mar 2023	Q1 FY2023 Oct – Dec 2022	Q4 FY2022 Jul – Sep 2022	Q3 FY2022 Apr – Jun 2022	Q2 FY2022 Jan – Mar 2022	Q1 FY2022 Oct – Dec 2021	Q4 FY2021 Jul – Sep 2021
Assets
Cash & short-term investments	-48.5%	-49.0%	-12.8%	-44.7%	-63.5%	+4.2%	-59.2%	-17.1%	+50.8%	-59.3%	+20.0%	-59.3%	+577.3%	+47.3%	+1.6%	+38.5%	-82.7%	-11.4%	-32.7%	+80.7%
Trade receivables	+205.3%	+21.1%	-10.8%	+22.9%	-36.3%	-42.8%	+41.4%	+62.2%	+84.4%	+225.8%	+89.0%	+7.1%	-66.4%	-93.5%	-70.4%	+72.3%	+201.0%	+468.9%	+209.2%	-45.0%
Inventories	-18.4%	-13.7%	+0.3%	-42.2%	-54.8%	-70.1%	-62.9%	-49.7%	-51.8%	-12.9%	+19.8%	+20.0%	+14.1%	-17.7%	+10.8%	-5.6%	-22.3%	+0.5%	-32.8%	+21.3%
Other current assets	+8.5%	+5.5%	-30.6%	-30.6%	-15.0%	-19.2%	+23.0%	+11.5%	-13.3%	-11.6%	-10.1%	-6.9%	+23.4%	+21.2%	-28.5%	+11.5%	-4.3%	+0.4%	+74.1%	+8.6%
Total current assets	-25.2%	-27.7%	-31.1%	-41.5%	-38.3%	-53.4%	-34.9%	-38.5%	-30.5%	+7.8%	+2.9%	+13.8%	+12.9%	-23.3%	+24.9%	+17.6%	-20.0%	+10.0%	-22.2%	-4.5%
Property, plant & equipment	-4.8%	-4.8%	-5.5%	-5.6%	+23.5%	+23.7%	+23.3%	+23.6%	-4.9%	-4.8%	-4.1%	-4.6%	-6.0%	-7.1%	-8.1%	-8.2%	+42.5%	+43.1%	+43.4%	+43.5%
Total non-current assets	-4.8%	-4.8%	-5.5%	-5.6%	+23.5%	+23.7%	+23.3%	+23.6%	-4.9%	-4.8%	-4.1%	-4.6%	-6.0%	-7.1%	-8.1%	-8.2%	+42.5%	+43.1%	+43.4%	+43.5%
Total assets	-7.8%	-8.3%	-9.7%	-11.9%	+7.7%	-1.2%	+7.5%	+5.0%	-13.1%	-1.0%	-2.3%	+0.3%	-0.7%	-12.5%	-1.4%	-2.6%	+16.8%	+29.9%	+22.4%	+29.3%
Liabilities
Trade payables	-1.3%	-2.3%	-6.8%	-8.5%	-3.3%	-12.5%	-3.1%	-12.6%	-10.9%	+6.9%	+14.9%	+19.9%	+22.4%	-5.5%	+16.7%	+19.8%	-7.1%	+14.5%	-2.6%	+9.4%
Short-term borrowings & current portion of debt	-1.6%	-1.2%	-0.8%	-0.4%	0.0%	0.0%	0.0%	0.0%	0.0%	-0.7%	-1.3%	-0.8%	-2.7%	+0.1%	-0.3%	-0.8%	+0.4%	-0.9%	+0.1%	+0.9%
Total current liabilities	-1.1%	-1.7%	-4.1%	-4.9%	-1.9%	-7.7%	-1.8%	-7.7%	-6.6%	+4.4%	+9.0%	+12.1%	+11.8%	-3.5%	+7.5%	+9.4%	-4.2%	+8.3%	-0.4%	+6.4%
Long-term debt	+15.0%	+15.2%	+5.5%	+1.9%	+2.1%	-6.7%	+2.5%	+2.6%	-4.3%	-1.9%	-12.9%	-2.0%	+4.6%	+11.5%	+24.7%	+10.2%	+10.2%	+10.2%	+10.2%	+10.2%
Other non-current liabilities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total non-current liabilities	-1.2%	-1.3%	-3.5%	-4.4%	+24.4%	+21.7%	+24.2%	+24.6%	-5.9%	-5.7%	-8.9%	-6.3%	+19.4%	+20.6%	+23.7%	+19.1%	+70.6%	+71.8%	+72.6%	+73.1%
Total liabilities	-1.1%	-1.6%	-4.0%	-4.8%	+2.7%	-2.7%	+2.9%	-2.1%	-6.5%	+2.5%	+5.3%	+8.4%	+13.1%	+0.2%	+10.5%	+11.2%	+3.3%	+14.8%	+8.2%	+14.7%
Equity
Share capital	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%
Reserves & retained earnings	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity attributable to shareholders	—	—	—	—	—	—	—	—	—	—	—	—	—	-817.2%	-314.2%	-195.2%	—	—	—	—
Non-controlling interest	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total equity	—	—	—	—	—	—	—	—	—	—	—	—	—	-817.2%	-314.2%	-195.2%	—	—	—	—
Total liabilities & equity	-7.8%	-8.3%	-9.7%	-11.9%	+7.7%	-1.2%	+7.5%	+5.0%	-13.1%	-1.0%	-2.3%	+0.3%	-0.7%	-12.5%	-1.4%	-2.6%	+16.8%	+29.9%	+22.4%	+29.3%
Key figures
Total debt	+0.7%	+1.0%	+0.1%	-0.1%	+0.3%	-1.0%	+0.3%	+0.4%	-0.6%	-0.9%	-3.1%	-0.9%	-1.7%	+1.7%	+3.0%	+0.6%	+1.6%	+0.4%	+1.3%	+1.9%
Net debt / (net cash)	+1.0%	+1.5%	+0.2%	+0.3%	+1.4%	-1.0%	+0.9%	+0.5%	-1.2%	+0.4%	-3.3%	+0.6%	-2.7%	+1.0%	+3.0%	-0.1%	+2.4%	+0.6%	+1.6%	+1.1%
Shares outstanding	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Common equity	—	—	—	—	—	—	—	—	—	—	—	—	—	-817.2%	-314.2%	-195.2%	—	—	—	—
Book value per share (Rs)	—	—	—	—	—	—	—	—	—	—	—	—	—	-817.2%	-314.2%	-195.2%	—	—	—	—

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

DWSM balance sheet — common size (Rs mn)
Rs mn	Q3 FY2026 Apr – Jun 2026	Q2 FY2026 Jan – Mar 2026	Q1 FY2026 Oct – Dec 2025	Q4 FY2025 Jul – Sep 2025	Q3 FY2025 Apr – Jun 2025	Q2 FY2025 Jan – Mar 2025	Q1 FY2025 Oct – Dec 2024	Q4 FY2024 Jul – Sep 2024	Q3 FY2024 Apr – Jun 2024	Q2 FY2024 Jan – Mar 2024	Q1 FY2024 Oct – Dec 2023	Q4 FY2023 Jul – Sep 2023	Q3 FY2023 Apr – Jun 2023	Q2 FY2023 Jan – Mar 2023	Q1 FY2023 Oct – Dec 2022	Q4 FY2022 Jul – Sep 2022	Q3 FY2022 Apr – Jun 2022	Q2 FY2022 Jan – Mar 2022	Q1 FY2022 Oct – Dec 2021	Q4 FY2021 Jul – Sep 2021
Assets
Cash & short-term investments	0.1%	0.2%	0.1%	0.2%	0.3%	0.4%	0.1%	0.3%	0.8%	0.3%	0.4%	0.4%	0.4%	0.8%	0.3%	1.0%	0.1%	0.5%	0.3%	0.7%
Trade receivables	1.1%	0.5%	0.6%	0.7%	0.3%	0.4%	0.6%	0.5%	0.6%	0.7%	0.4%	0.3%	0.3%	0.2%	0.2%	0.3%	0.8%	2.8%	0.7%	0.2%
Inventories	5.5%	6.2%	6.5%	6.2%	6.2%	6.6%	5.9%	9.4%	14.8%	21.9%	17.1%	19.7%	26.7%	24.9%	13.9%	16.5%	23.3%	26.4%	12.4%	17.0%
Other current assets	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.2%	0.1%
Total current assets	11.9%	12.0%	12.5%	11.6%	14.7%	15.2%	16.4%	17.5%	25.6%	32.3%	27.1%	29.9%	32.0%	29.6%	25.8%	26.4%	28.1%	33.8%	20.3%	21.8%
Property, plant & equipment	88.1%	88.0%	87.5%	88.4%	85.3%	84.8%	83.6%	82.5%	74.4%	67.7%	72.9%	70.1%	68.0%	70.4%	74.2%	73.6%	71.9%	66.2%	79.7%	78.2%
Total non-current assets	88.1%	88.0%	87.5%	88.4%	85.3%	84.8%	83.6%	82.5%	74.4%	67.7%	72.9%	70.1%	68.0%	70.4%	74.2%	73.6%	71.9%	66.2%	79.7%	78.2%
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	59.6%	58.5%	54.2%	51.9%	55.7%	54.9%	52.5%	50.0%	62.1%	62.0%	58.3%	60.0%	60.6%	57.4%	49.6%	50.2%	49.1%	53.1%	41.9%	40.8%
Short-term borrowings & current portion of debt	36.1%	35.8%	35.4%	35.4%	33.9%	33.2%	32.2%	31.4%	36.5%	32.8%	34.6%	32.9%	31.7%	32.7%	34.3%	33.3%	32.4%	28.5%	33.9%	32.7%
Total current liabilities	98.8%	97.2%	92.4%	90.1%	92.1%	90.7%	87.0%	83.5%	101.2%	97.0%	95.2%	95.0%	94.2%	92.0%	85.4%	85.0%	83.7%	83.4%	78.3%	75.7%
Long-term debt	6.8%	6.6%	6.3%	5.9%	5.5%	5.2%	5.4%	5.1%	5.8%	5.6%	5.7%	5.2%	5.3%	5.6%	6.4%	5.4%	5.0%	4.4%	5.0%	4.7%
Other non-current liabilities	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 non-current liabilities	26.5%	26.3%	26.0%	25.8%	24.8%	24.4%	24.3%	23.8%	21.4%	19.8%	21.1%	20.1%	19.8%	20.8%	22.6%	21.5%	16.5%	15.1%	18.0%	17.6%
Total liabilities	125.3%	123.5%	118.4%	115.9%	116.9%	115.1%	111.3%	107.3%	122.6%	116.8%	116.3%	115.1%	114.0%	112.7%	108.0%	106.5%	100.1%	98.4%	96.3%	93.3%
Equity
Share capital	11.9%	11.7%	11.6%	11.5%	11.0%	10.8%	10.4%	10.2%	11.8%	10.6%	11.2%	10.7%	10.3%	10.5%	11.0%	10.7%	10.2%	9.2%	10.8%	10.4%
Reserves & retained earnings	(37.2%)	(35.2%)	(29.9%)	(27.4%)	(27.9%)	(25.8%)	(21.8%)	(17.5%)	(34.4%)	(27.5%)	(27.5%)	(25.8%)	(24.3%)	(23.3%)	(19.0%)	(17.2%)	(10.3%)	(7.6%)	(7.1%)	(3.7%)
Equity attributable to shareholders	(25.3%)	(23.5%)	(18.4%)	(15.9%)	(16.9%)	(15.1%)	(11.3%)	(7.3%)	(22.6%)	(16.8%)	(16.3%)	(15.1%)	(14.0%)	(12.7%)	(8.0%)	(6.5%)	(0.1%)	1.6%	3.7%	6.7%
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	(25.3%)	(23.5%)	(18.4%)	(15.9%)	(16.9%)	(15.1%)	(11.3%)	(7.3%)	(22.6%)	(16.8%)	(16.3%)	(15.1%)	(14.0%)	(12.7%)	(8.0%)	(6.5%)	(0.1%)	1.6%	3.7%	6.7%
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	43.0%	42.4%	41.7%	41.4%	39.4%	38.5%	37.6%	36.5%	42.3%	38.4%	40.3%	38.2%	37.0%	38.3%	40.7%	38.6%	37.4%	32.9%	39.0%	37.4%
Net debt / (net cash)	42.9%	42.2%	41.6%	41.2%	39.1%	38.1%	37.5%	36.2%	41.6%	38.0%	40.0%	37.8%	36.6%	37.5%	40.4%	37.7%	37.3%	32.5%	38.7%	36.7%
Common equity	(25.3%)	(23.5%)	(18.4%)	(15.9%)	(16.9%)	(15.1%)	(11.3%)	(7.3%)	(22.6%)	(16.8%)	(16.3%)	(15.1%)	(14.0%)	(12.7%)	(8.0%)	(6.5%)	(0.1%)	1.6%	3.7%	6.7%

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 100

DWSM balance sheet — all reported line items (Rs bn)
Rs bn	Q3 FY2026 Apr – Jun 2026	Q2 FY2026 Jan – Mar 2026	Q1 FY2026 Oct – Dec 2025	Q4 FY2025 Jul – Sep 2025	Q3 FY2025 Apr – Jun 2025	Q2 FY2025 Jan – Mar 2025	Q1 FY2025 Oct – Dec 2024	Q4 FY2024 Jul – Sep 2024	Q3 FY2024 Apr – Jun 2024	Q2 FY2024 Jan – Mar 2024	Q1 FY2024 Oct – Dec 2023	Q4 FY2023 Jul – Sep 2023	Q3 FY2023 Apr – Jun 2023	Q2 FY2023 Jan – Mar 2023	Q1 FY2023 Oct – Dec 2022	Q4 FY2022 Jul – Sep 2022	Q3 FY2022 Apr – Jun 2022	Q2 FY2022 Jan – Mar 2022	Q1 FY2022 Oct – Dec 2021	Q4 FY2021 Jul – Sep 2021
Cash & Cash Equivalents	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.1	0.0	0.1	0.0	0.0	0.0	0.1
Cash & Short Term Investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.1	0.0	0.1	0.0	0.0	0.0	0.1
Short-Term Investments - Total	—	—	—	—	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
Loans & Receivables - Net - Short-Term	0.5	0.4	0.5	0.4	0.7	0.7	0.9	0.7	0.8	0.9	0.8	0.8	0.4	0.3	1.0	0.8	0.4	0.7	0.6	0.4
Loans & Receivables - Total	0.5	0.4	0.5	0.4	0.7	0.7	0.9	0.7	0.8	0.9	0.8	0.8	0.4	0.3	1.0	0.8	0.4	0.7	0.6	0.4
Trade Accounts & Trade Notes Receivable - Net	0.1	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.3	0.1	0.0
Loans - Short-Term	0.2	0.2	0.2	0.2	0.5	0.5	0.7	0.5	0.6	0.7	0.6	0.7	0.3	0.2	0.8	0.7	0.3	0.3	0.4	0.2
Income Tax - Receivables - Short-Term	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Inventories - Total	0.4	0.5	0.5	0.5	0.5	0.6	0.5	0.8	1.1	1.9	1.4	1.7	2.4	2.2	1.2	1.4	2.1	2.6	1.0	1.5
Inventories - Raw Materials	0.2	0.1	0.2	0.1	0.1	0.1	0.2	0.1	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2
Inventories - Finished Goods	0.3	0.4	0.4	0.4	0.4	0.4	0.4	0.7	1.0	1.7	1.2	1.5	2.2	1.9	1.0	1.2	1.9	2.4	0.9	1.3
Investments - Total	—	—	—	—	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
Other Current Assets - Total	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
Property, Plant & Equipment - Net - Total	6.8	6.9	6.9	7.0	7.1	7.2	7.3	7.4	5.8	5.8	5.9	6.0	6.1	6.1	6.2	6.3	6.4	6.6	6.7	6.9
Other Current Assets	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
Other Assets - Total	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 Current Assets	0.9	0.9	1.0	0.9	1.2	1.3	1.4	1.6	2.0	2.8	2.2	2.6	2.8	2.6	2.1	2.3	2.5	3.4	1.7	1.9
Total Assets	7.7	7.8	7.9	7.9	8.3	8.5	8.8	9.0	7.7	8.6	8.2	8.6	8.9	8.7	8.3	8.6	9.0	9.9	8.5	8.8
Debt - Total	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.4	3.3	3.4	3.3	3.3	3.3
Short-Term Debt & Current Portion of Long-Term Debt	2.8	2.8	2.8	2.8	2.8	2.8	2.8	2.8	2.8	2.8	2.8	2.8	2.8	2.8	2.9	2.8	2.9	2.8	2.9	2.9
Current Portion of Long-Term Debt including Capitalized Leases	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6
Short-Term Debt & Notes Payable	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.3	0.2	0.2	0.2
Debt - Long-Term - Total	0.5	0.5	0.5	0.5	0.5	0.4	0.5	0.5	0.4	0.5	0.5	0.4	0.5	0.5	0.5	0.5	0.4	0.4	0.4	0.4
Current Portion of Long-Term Debt excluding Capitalized Leases	2.6	2.6	2.6	2.6	2.6	2.6	—	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	—	—	—	—
Capitalized Lease Obligations - Long-Term	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	—	—	—	0.0
Long-Term Debt excluding Capitalized Leases	0.5	0.5	0.5	0.5	0.5	0.4	0.5	0.5	0.4	0.5	0.5	0.4	0.5	0.5	0.5	0.5	0.4	0.4	0.4	0.4
Debt - Non-Convertible - Long-Term	0.5	0.5	0.5	0.5	0.5	0.4	0.5	0.5	0.4	0.5	0.5	0.4	0.5	0.5	0.5	0.5	0.4	0.4	0.4	0.4
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	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Tax & Investment Tax Credits - Long-Term	1.5	1.5	1.6	1.6	1.6	1.6	1.7	1.7	1.2	1.2	1.3	1.3	1.3	1.3	1.4	1.4	1.0	1.1	1.1	1.1
Deferred Tax - Liability - Long-Term	1.5	1.5	1.6	1.6	1.6	1.6	1.7	1.7	1.2	1.2	1.3	1.3	1.3	1.3	1.4	1.4	1.0	1.1	1.1	1.1
Payables & Accrued Expenses	4.6	4.6	4.3	4.1	4.6	4.7	4.6	4.5	4.8	5.3	4.8	5.2	5.4	5.0	4.1	4.3	4.4	5.3	3.5	3.6
Trade Account Payables - Total	4.6	4.6	4.3	4.1	4.6	4.7	4.6	4.5	4.8	5.3	4.8	5.2	5.4	5.0	4.1	4.3	4.4	5.3	3.5	3.6
Total Liabilities	9.6	9.6	9.4	9.2	9.7	9.8	9.8	9.7	9.5	10.1	9.5	9.9	10.1	9.8	9.0	9.1	9.0	9.8	8.1	8.2
Shareholders' Equity - Attributable to Parent Shareholders - Total	(1.9)	(1.8)	(1.5)	(1.3)	(1.4)	(1.3)	(1.0)	(0.7)	(1.7)	(1.4)	(1.3)	(1.3)	(1.2)	(1.1)	(0.7)	(0.6)	(0.0)	0.2	0.3	0.6
Total Non-Current Assets	6.8	6.9	6.9	7.0	7.1	7.2	7.3	7.4	5.8	5.8	5.9	6.0	6.1	6.1	6.2	6.3	6.4	6.6	6.7	6.9
Common Equity Attributable to Parent Shareholders	(1.9)	(1.8)	(1.5)	(1.3)	(1.4)	(1.3)	(1.0)	(0.7)	(1.7)	(1.4)	(1.3)	(1.3)	(1.2)	(1.1)	(0.7)	(0.6)	(0.0)	0.2	0.3	0.6
Common Equity - Contributed	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9
Common Stock - Issued & Paid	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9
Equity - Non-Contributed - Reserves & Retained Earnings	(2.9)	(2.7)	(2.4)	(2.2)	(2.3)	(2.2)	(1.9)	(1.6)	(2.7)	(2.4)	(2.2)	(2.2)	(2.2)	(2.0)	(1.6)	(1.5)	(0.9)	(0.8)	(0.6)	(0.3)
Retained Earnings - Total	(6.8)	(6.7)	(6.4)	(6.2)	(6.4)	(6.4)	(6.2)	(5.9)	(5.8)	(5.5)	(5.4)	(5.5)	(5.5)	(5.4)	(5.0)	(5.0)	(4.5)	(4.4)	(4.4)	(4.2)
Trade Accounts Payable & Accruals - Short-Term	4.6	4.6	4.3	4.1	4.6	4.7	4.6	4.5	4.8	5.3	4.8	5.2	5.4	5.0	4.1	4.3	4.4	5.3	3.5	3.6
Comprehensive Income - Accumulated - Total	3.9	3.9	4.0	4.1	4.1	4.2	4.3	4.3	3.1	3.1	3.2	3.2	3.3	3.4	3.4	3.5	3.6	3.7	3.8	3.8
Trade Accounts & Trade Notes Payable - Short-Term	4.6	4.6	4.3	4.1	4.6	4.7	4.6	4.5	4.8	5.3	4.8	5.2	5.4	5.0	4.1	4.3	4.4	5.3	3.5	3.6
Income Taxes - Payable - Short-Term	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.1	0.1	0.2	0.2	0.2	0.2
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	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Current Liabilities - Total	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 Equity - Total	(1.9)	(1.8)	(1.5)	(1.3)	(1.4)	(1.3)	(1.0)	(0.7)	(1.7)	(1.4)	(1.3)	(1.3)	(1.2)	(1.1)	(0.7)	(0.6)	(0.0)	0.2	0.3	0.6
Total Shareholders' Equity - including Minority Interest & Hybrid Debt	(1.9)	(1.8)	(1.5)	(1.3)	(1.4)	(1.3)	(1.0)	(0.7)	(1.7)	(1.4)	(1.3)	(1.3)	(1.2)	(1.1)	(0.7)	(0.6)	(0.0)	0.2	0.3	0.6
Total Liabilities & Equity	7.7	7.8	7.9	7.9	8.3	8.5	8.8	9.0	7.7	8.6	8.2	8.6	8.9	8.7	8.3	8.6	9.0	9.9	8.5	8.8
Other Current Liabilities	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
Revaluation Reserves	3.9	3.9	4.0	4.1	4.1	4.2	4.3	4.3	3.1	3.1	3.2	3.2	3.3	3.4	3.4	3.5	3.6	3.7	3.8	3.8
Total Current Liabilities	7.6	7.6	7.3	7.2	7.7	7.7	7.6	7.5	7.8	8.4	7.8	8.2	8.4	8.0	7.1	7.3	7.5	8.3	6.6	6.7
Other Non-Current Liabilities - Total	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
Other Non-Current Liabilities	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 Non-Current Liabilities	2.0	2.0	2.1	2.1	2.1	2.1	2.1	2.1	1.7	1.7	1.7	1.7	1.8	1.8	1.9	1.8	1.5	1.5	1.5	1.5
Common Shares - Issued - Total mn	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5
Common Shares - Outstanding - Total mn	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5
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	130.0	130.0	130.0	130.0	130.0	130.0	130,000.0	130.0	130.0	130.0	130.0	130.0	130.0	130.0	130.0	130.0	1,300.0	130.0	130.0	130.0
Common Shares - Issued - Issue Specific mn	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5
Common Shares - Outstanding - Issue Specific mn	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5	91.5
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×
Finance and Operating Lease Liabilities - Total - Supplemental	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	—	—	—	0.0
Debt including Finance and Operating Lease Liabilities - Supplemental	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.4	3.3	3.4	3.3	3.3	3.3
Net Debt	3.3	3.3	3.3	3.3	3.3	3.2	3.3	3.3	3.2	3.3	3.3	3.2	3.3	3.3	3.4	3.2	3.3	3.2	3.3	3.2
Asset Accruals	7.7	7.8	7.9	7.9	8.3	8.5	8.8	9.0	7.7	8.6	8.1	8.5	8.9	8.6	8.3	8.5	9.0	9.9	8.4	8.7
Cash & Cash Equivalents - Total	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.1	0.0	0.1	0.0	0.0	0.0	0.1
Cash & Short Term Investments - Total	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.1	0.0	0.1	0.0	0.0	0.0	0.1
Debt - including Preferred Equity & Minority Interest - Total	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.4	3.3	3.4	3.3	3.3	3.3
Net Book Capital	1.3	1.5	1.8	2.0	1.9	2.0	2.3	2.6	1.5	1.8	1.9	1.9	2.0	2.2	2.7	2.7	3.3	3.4	3.6	3.8
Net Operating Assets	1.3	1.5	1.8	2.0	1.9	2.0	2.3	2.6	1.5	1.8	1.9	1.9	2.0	2.2	2.7	2.7	3.3	3.4	3.6	3.8
Provisions - Total	1.5	1.5	1.6	1.6	1.6	1.6	1.7	1.7	1.2	1.2	1.3	1.3	1.3	1.3	1.4	1.4	1.0	1.1	1.1	1.1
Shareholders Equity - Common	(1.9)	(1.8)	(1.5)	(1.3)	(1.4)	(1.3)	(1.0)	(0.7)	(1.7)	(1.4)	(1.3)	(1.3)	(1.2)	(1.1)	(0.7)	(0.6)	(0.0)	0.2	0.3	0.6
Tangible Total Equity	(1.9)	(1.8)	(1.5)	(1.3)	(1.4)	(1.3)	(1.0)	(0.7)	(1.7)	(1.4)	(1.3)	(1.3)	(1.2)	(1.1)	(0.7)	(0.6)	(0.0)	0.2	0.3	0.6
Tangible Book Value	(1.9)	(1.8)	(1.5)	(1.3)	(1.4)	(1.3)	(1.0)	(0.7)	(1.7)	(1.4)	(1.3)	(1.3)	(1.2)	(1.1)	(0.7)	(0.6)	(0.0)	0.2	0.3	0.6
Total Book Capital	1.4	1.5	1.9	2.0	1.9	2.0	2.3	2.6	1.5	1.9	2.0	2.0	2.0	2.2	2.7	2.7	3.3	3.4	3.6	3.9
Total Capital	1.4	1.5	1.9	2.0	1.9	2.0	2.3	2.6	1.5	1.9	2.0	2.0	2.0	2.2	2.7	2.7	3.3	3.4	3.6	3.9
Total Long Term Capital	0.1	0.2	0.6	0.8	0.7	0.8	1.1	1.5	(0.1)	0.3	0.4	0.4	0.5	0.7	1.2	1.3	1.5	1.7	1.8	2.1
Book Value excluding Other Equity	(1.9)	(1.8)	(1.5)	(1.3)	(1.4)	(1.3)	(1.0)	(0.7)	(1.7)	(1.4)	(1.3)	(1.3)	(1.2)	(1.1)	(0.7)	(0.6)	(0.0)	0.2	0.3	0.6
Income Taxes - Payable - Long-Term & Short-Term	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.1	0.1	0.2	0.2	0.2	0.2
Accruals - Short-Term	(6.7)	(6.7)	(6.3)	(6.2)	(6.5)	(6.4)	(6.2)	(6.0)	(5.9)	(5.6)	(5.6)	(5.6)	(5.6)	(5.5)	(5.0)	(5.1)	(5.0)	(5.0)	(4.9)	(4.8)
Cash & Short Term Investments - Net of Debt	(3.3)	(3.3)	(3.3)	(3.3)	(3.3)	(3.2)	(3.3)	(3.3)	(3.2)	(3.3)	(3.3)	(3.2)	(3.3)	(3.3)	(3.4)	(3.2)	(3.3)	(3.2)	(3.3)	(3.2)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6	2.6
Total Fixed Assets - Net	6.8	6.9	6.9	7.0	7.1	7.2	7.3	7.4	5.8	5.8	5.9	6.0	6.1	6.1	6.2	6.3	6.4	6.6	6.7	6.9
Working Capital	(6.7)	(6.6)	(6.3)	(6.2)	(6.5)	(6.4)	(6.2)	(5.9)	(5.8)	(5.6)	(5.6)	(5.6)	(5.5)	(5.4)	(5.0)	(5.0)	(5.0)	(4.9)	(4.9)	(4.7)
Interest Bearing Liabilities - Total	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.4	3.3	3.4	3.3	3.3	3.3
Working Capital - Non-Cash	(6.7)	(6.7)	(6.3)	(6.2)	(6.5)	(6.4)	(6.2)	(6.0)	(5.9)	(5.6)	(5.6)	(5.6)	(5.6)	(5.5)	(5.0)	(5.1)	(5.0)	(5.0)	(4.9)	(4.8)
Working Capital excluding Other Current Assets & Liabilities	(6.7)	(6.6)	(6.3)	(6.2)	(6.5)	(6.4)	(6.2)	(5.9)	(5.8)	(5.6)	(5.6)	(5.6)	(5.5)	(5.4)	(5.0)	(5.0)	(5.0)	(4.9)	(4.9)	(4.7)
Net Debt Including Preferred Equity & Minority Interest	3.3	3.3	3.3	3.3	3.3	3.2	3.3	3.3	3.2	3.3	3.3	3.2	3.3	3.3	3.4	3.2	3.3	3.2	3.3	3.2
Other Short-Term & Long-Term Assets - Total	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
Other Short-Term & Long-Term Liabilities - Total	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 Current Assets excluding Total Inventories	0.5	0.5	0.5	0.4	0.7	0.7	0.9	0.7	0.8	0.9	0.8	0.9	0.5	0.4	1.0	0.8	0.4	0.7	0.7	0.4
Tangible Book Value excluding Other Equity	(1.9)	(1.8)	(1.5)	(1.3)	(1.4)	(1.3)	(1.0)	(0.7)	(1.7)	(1.4)	(1.3)	(1.3)	(1.2)	(1.1)	(0.7)	(0.6)	(0.0)	0.2	0.3	0.6
Total Debt Excluding Islamic	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.3	3.4	3.3	3.4	3.3	3.3	3.3
Trade Accounts & Trade Notes Receivable - Net - Total	0.1	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.3	0.1	0.0
Current Liabilities excluding Current Debt - Total	4.8	4.8	4.5	4.3	4.9	4.9	4.8	4.7	5.0	5.5	4.9	5.3	5.6	5.2	4.3	4.4	4.6	5.5	3.8	3.8
Cash in Hand & with Banks - Total	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.1	0.0	0.1	0.0	0.0	0.0	0.1
Current Assets excluding Cash & Short Term Investments - Total	0.9	0.9	1.0	0.9	1.2	1.3	1.4	1.6	1.9	2.8	2.2	2.5	2.8	2.5	2.1	2.2	2.5	3.3	1.7	1.9
Cash, Short Term Investments & Accounts Receivable - Total	0.1	0.1	0.1	0.1	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.1	0.1	0.3	0.1	0.1

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