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FCEPL Frieslandcampina Engro Pakistan Limited

Latest results: FY2025 · Dec 2025 Q2 FY2026 · Apr – Jun 2026

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Last close · 16 Oct 2026

Rs 133.39 -0.04%

Annual · FY2006 – FY2025

Frieslandcampina Engro Pakistan Limited (FCEPL) balance sheet

At the end of FY2025 (Jan – Dec 2025) Frieslandcampina Engro Pakistan Limited had total assets of Rs 37.5 bn, down 10.0% on FY2024. Current assets of Rs 18.5 bn covered current liabilities of Rs 17.9 bn 1.03 times. Total debt was Rs 3.3 bn, net debt Rs 2.0 bn. Shareholders' equity was Rs 17.0 bn (Rs 22.13 per share), 45.2% of total assets.

FCEPL balance sheet (annual) (Rs bn)
Rs bn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021
Assets
Cash & short-term investments 1.3 2.8 3.1 3.8 2.3
Trade receivables 1.6 1.4 1.9 1.9 1.3
Inventories 11.0 10.7 11.5 8.0 5.0
Other current assets 0.0 0.0 0.1 0.0 0.0
Total current assets 18.5 23.1 26.0 21.8 15.3
Property, plant & equipment 18.5 17.5 15.4 12.8 11.6
Intangible assets 0.0 0.1 0.0 0.0 0.1
Long-term investments — — — — —
Other non-current assets 0.5 1.0 0.4 0.1 0.2
Total non-current assets 19.0 18.5 15.9 12.9 11.9
Total assets 37.5 41.7 41.9 34.7 27.1
Liabilities
Trade payables 8.3 16.7 19.0 13.5 7.3
Short-term borrowings & current portion of debt 1.3 0.9 1.0 1.8 3.3
Total current liabilities 17.9 24.0 26.9 20.8 14.4
Long-term debt 2.0 1.2 0.8 1.2 2.4
Other non-current liabilities — — — — 0.0
Total non-current liabilities 2.7 1.2 0.8 1.2 2.4
Total liabilities 20.5 25.2 27.7 22.1 16.8
Equity
Share capital 7.7 7.7 7.7 7.7 7.7
Reserves & retained earnings 8.4 7.9 5.6 4.2 1.8
Equity attributable to shareholders 17.0 16.5 14.2 12.7 10.3
Non-controlling interest 0.0 0.0 0.0 0.0 0.0
Total equity 17.0 16.5 14.2 12.7 10.3
Total liabilities & equity 37.5 41.7 41.9 34.7 27.1
Key figures
Total debt 3.3 2.1 1.9 3.0 5.8
Net debt / (net cash) 2.0 (0.7) (1.2) (0.8) 3.4
Shares outstanding mn 766.6 766.6 766.6 766.6 766.6
Common equity 17.0 16.5 14.2 12.7 10.3
Book value per share (Rs) Rs 22.13 21.47 18.49 16.55 13.47
FCEPL balance sheet — year-on-year change (Rs mn)
Rs mn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021
Assets
Cash & short-term investments -52.1% -8.7% -19.5% +63.0% +311.3%
Trade receivables +13.8% -27.5% -0.7% +45.7% +62.9%
Inventories +2.4% -6.3% +43.8% +58.5% +26.4%
Other current assets -57.8% -28.5% +53.8% +164.4% +54.0%
Total current assets -20.2% -11.0% +19.1% +43.0% +48.5%
Property, plant & equipment +5.9% +13.2% +20.9% +10.3% -4.4%
Intangible assets -25.3% +283.5% -54.9% -45.0% -19.7%
Long-term investments — — — — —
Other non-current assets -49.9% +130.1% +245.6% -47.3% -71.1%
Total non-current assets +2.8% +16.7% +23.0% +8.8% -8.8%
Total assets -10.0% -0.5% +20.5% +28.0% +16.5%
Liabilities
Trade payables -50.4% -12.5% +40.6% +86.6% +33.5%
Short-term borrowings & current portion of debt +42.5% -13.5% -43.2% -44.8% +125.1%
Total current liabilities -25.5% -10.6% +29.0% +45.0% +47.9%
Long-term debt +71.0% +42.5% -29.8% -51.5% -50.3%
Other non-current liabilities — — — — -100.0%
Total non-current liabilities +123.0% +42.5% -32.2% -49.8% -51.4%
Total liabilities -18.5% -9.0% +25.6% +31.2% +14.0%
Equity
Share capital 0.0% 0.0% 0.0% 0.0% 0.0%
Reserves & retained earnings +6.4% +40.4% +35.8% +137.2% —
Equity attributable to shareholders +3.1% +16.1% +11.7% +22.9% +20.8%
Non-controlling interest — — — — —
Total equity +3.1% +16.1% +11.7% +22.9% +20.8%
Total liabilities & equity -10.0% -0.5% +20.5% +28.0% +16.5%
Key figures
Total debt +58.7% +11.4% -37.9% -47.6% -9.7%
Net debt / (net cash) — — — -123.3% -41.1%
Shares outstanding — — — — —
Common equity +3.1% +16.1% +11.7% +22.9% +20.8%
Book value per share (Rs) +3.1% +16.1% +11.7% +22.9% +20.8%

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

FCEPL balance sheet — common size (Rs mn)
Rs mn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021
Assets
Cash & short-term investments 3.6% 6.7% 7.3% 11.0% 8.6%
Trade receivables 4.2% 3.3% 4.5% 5.5% 4.8%
Inventories 29.4% 25.8% 27.4% 23.0% 18.5%
Other current assets 0.0% 0.1% 0.1% 0.1% 0.0%
Total current assets 49.2% 55.5% 62.1% 62.8% 56.3%
Property, plant & equipment 49.3% 41.9% 36.8% 36.7% 42.6%
Intangible assets 0.1% 0.1% 0.0% 0.1% 0.2%
Long-term investments — — — — —
Other non-current assets 1.4% 2.5% 1.1% 0.4% 0.9%
Total non-current assets 50.8% 44.5% 37.9% 37.2% 43.7%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables 22.0% 40.0% 45.5% 39.0% 26.7%
Short-term borrowings & current portion of debt 3.4% 2.2% 2.5% 5.3% 12.3%
Total current liabilities 47.7% 57.7% 64.2% 59.9% 52.9%
Long-term debt 5.4% 2.9% 2.0% 3.4% 9.0%
Other non-current liabilities — — — — 0.0%
Total non-current liabilities 7.1% 2.9% 2.0% 3.5% 9.0%
Total liabilities 54.8% 60.5% 66.2% 63.5% 61.9%
Equity
Share capital 20.4% 18.4% 18.3% 22.1% 28.2%
Reserves & retained earnings 22.5% 19.0% 13.5% 12.0% 6.5%
Equity attributable to shareholders 45.2% 39.5% 33.8% 36.5% 38.1%
Non-controlling interest 0.0% 0.0% 0.0% 0.0% 0.0%
Total equity 45.2% 39.5% 33.8% 36.5% 38.1%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Total debt 8.9% 5.0% 4.5% 8.7% 21.3%
Net debt / (net cash) 5.3% (1.7%) (2.9%) (2.3%) 12.6%
Common equity 45.2% 39.5% 33.8% 36.5% 38.1%

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 217
FCEPL balance sheet — all reported line items (Rs bn)
Rs bn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021
Cash & Cash Equivalents 1.2 2.7 2.1 1.8 0.3
Cash & Short Term Investments 1.3 2.8 3.1 3.8 2.3
Short-Term Investments - Total 0.1 0.1 1.0 2.0 2.0
Derivative Financial Instruments - Hedging - Short-Term — — — — —
Loans & Receivables - Net - Short-Term 6.0 9.4 11.2 9.4 7.4
Loans & Receivables - Total 6.0 9.4 11.2 9.4 7.4
Trade Accounts & Trade Notes Receivable - Net 1.6 1.4 1.9 1.9 1.3
Trade Accounts & Trade Notes Receivable - Gross 1.6 1.4 1.9 1.9 1.3
Provision - Trade Accounts & Trade Notes Receivable 0.0 0.0 0.0 0.0 0.0
Loans - Short-Term 0.1 0.1 — — —
Income Tax - Receivables - Short-Term 3.8 7.0 8.6 7.1 5.8
Receivables - Other - Total 0.6 1.0 0.7 0.4 0.2
Derivative Financial Instruments - Hedging - Total — — — — —
Accounts & Notes Receivable - Trade - Gross - Total 1.6 1.4 1.9 1.9 1.3
Inventories - Total 11.0 10.7 11.5 8.0 5.0
Inventories - Raw Materials 5.0 4.9 5.2 4.2 2.4
Inventories - Work in Progress 1.3 1.8 3.1 1.2 1.4
Inventories - Finished Goods 3.8 2.9 2.1 2.4 0.9
Inventories - Other - Total 0.8 1.1 1.2 0.3 0.3
Prepaid Expenses - Short-Term 0.1 0.1 0.2 0.6 0.5
Investments - Total 0.1 0.1 1.0 2.0 2.0
Other Current Assets - Total 0.0 0.0 0.1 0.0 0.0
Deferred Costs - Short-Term — — — — —
Property, Plant & Equipment - Net - Total 18.5 17.5 15.4 12.8 11.6
Property, Plant & Equipment - Gross - Total 41.9 39.3 35.7 32.0 29.7
Property, Plant & Equipment - Accumulated Depreciation & Impairment - Total 23.4 21.9 20.3 19.3 18.2
Other Current Assets 0.0 0.0 0.1 0.0 0.0
Other Assets - Total 0.5 1.1 0.5 0.2 0.3
Intangible Assets - Total - Net 0.0 0.1 0.0 0.0 0.1
Total Current Assets 18.5 23.1 26.0 21.8 15.3
Intangible Assets - excluding Goodwill - Net - Total 0.0 0.1 0.0 0.0 0.1
Investments - Long-Term — — — — —
Investments - Available for Sale/Held to Maturity - Long-Term — — — — —
Intangible Assets - Gross - Total 0.2 0.2 0.5 0.5 0.5
Intangible Assets - excluding Goodwill - Gross 0.2 0.2 0.5 0.5 0.5
Goodwill/Cost in Excess of Assets Purchased - Net — — — — —
Receivables & Loans - Long-Term — — — — —
Intangible Assets - Accumulated Amortization & Impairment - Total 0.1 0.1 0.5 0.5 0.4
Intangible Assets - excluding Goodwill - Accumulated Amortization & Impairment - Total 0.1 0.1 0.5 0.5 0.4
Computer Software - Intangible Assets - Net 0.0 0.1 0.0 0.0 0.1
Brands, Patents, Trademarks, Marketing & Artistic Intangibles - Net — — — — —
Receivables - Other - Net - Long-Term — — — — —
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total 18.5 17.5 15.4 12.8 11.6
Land & Buildings - Net 2.7 2.7 2.7 2.6 2.6
Land/Improvements - Net 0.4 0.4 0.4 0.4 0.4
Buildings - Net 2.3 2.3 2.3 2.1 2.2
Computer Software - Intangible Assets - Gross 0.2 0.2 0.5 0.5 0.5
Plant, Machinery & Equipment - Net 7.0 7.0 6.6 6.4 6.0
Brands, Patents, Trademarks, Marketing & Artistic Intangibles - Gross — — — — —
Transportation Equipment - Net 0.4 0.5 0.6 0.5 0.6
Computer Software & Equipment - Net 0.2 0.2 0.2 0.2 0.1
Construction in Progress - Net 2.6 1.6 1.2 0.6 0.6
Property, Plant & Equipment - Under Capital Lease - Net — — — — —
Right of Use Tangible Assets - Total - Net 2.0 1.7 1.0 0.7 0.5
Right of Use Tangible Assets - Capital/Finance Lease - Net 2.0 1.7 1.0 0.7 0.5
Property, Plant & Equipment - Other - Net 4.3 4.5 3.9 2.5 1.8
Computer Software - Intangible Assets - Accumulated Amortization & Impairment 0.1 0.1 0.5 0.5 0.4
Natural Resources/Biological Assets - Net 3.3 3.4 3.0 2.2 1.5
Intangible Assets - Other - Accumulated Amortization & Impairment — — — — —
Property, Plant & Equipment - excluding Assets Leased Out - Gross 41.9 39.3 35.7 32.0 29.7
Land & Buildings - Gross 5.7 5.5 5.3 5.0 4.9
Land/Improvements - Gross 0.4 0.4 0.4 0.4 0.4
Buildings - Gross 5.3 5.1 4.9 4.6 4.5
Plant, Machinery & Equipment - Gross 25.2 24.3 23.0 22.2 20.9
Transportation Equipment - Gross 1.1 1.2 1.3 1.2 1.2
Computer Software & Equipment - Gross 0.6 0.6 0.5 0.5 0.4
Construction in Progress - Gross 2.6 1.6 1.2 0.6 0.6
Property, Plant & Equipment - Under Capital Lease - Gross — — — — —
Right of Use Tangible Assets - Total - Gross 3.7 3.0 2.0 1.4 1.2
Total Assets 37.5 41.7 41.9 34.7 27.1
Right of Use Tangible Assets - Capital/Finance Lease - Gross 3.7 3.0 2.0 1.4 1.2
Property, Plant & Equipment - Other - Gross 4.7 4.8 4.2 2.8 2.1
Natural Resources/Biological Assets - Gross 3.3 3.4 3.0 2.2 1.5
Debt - Total 3.3 2.1 1.9 3.0 5.8
Short-Term Debt & Current Portion of Long-Term Debt 1.3 0.9 1.0 1.8 3.3
Property, Plant & Equipment - excluding Assets Leased Out - Accumulated Depreciation & Impairment - Total 23.4 21.9 20.3 19.3 18.2
Land & Buildings - Accumulated Depreciation & Impairment 3.0 2.8 2.6 2.4 2.3
Land/Improvements - Accumulated Depreciation & Impairment 0.0 0.0 0.0 0.0 0.0
Buildings - Accumulated Depreciation & Impairment 3.0 2.8 2.6 2.4 2.3
Current Portion of Long-Term Debt including Capitalized Leases 0.5 0.6 0.9 1.8 2.9
Plant, Machinery & Equipment - Accumulated Depreciation & Impairment 18.3 17.4 16.4 15.8 14.9
Transportation Equipment - Accumulated Depreciation & Impairment 0.7 0.7 0.7 0.7 0.6
Capitalized Leases - Current Portion 0.5 0.6 0.4 0.3 0.3
Computer Software & Equipment - Accumulated Depreciation & Impairment 0.4 0.4 0.3 0.3 0.4
Short-Term Debt & Notes Payable 0.7 0.3 0.1 0.0 0.5
Debt - Long-Term - Total 2.0 1.2 0.8 1.2 2.4
Property, Plant & Equipment - Under Capital Lease - Accumulated Depreciation & Impairment — — — — —
Right of Use Tangible Assets - Total/Unspecified - Accumulated Depreciation 1.7 1.3 0.9 0.7 0.7
Right of Use Tangible Assets - Capital/Finance Lease - Accumulated Depreciation 1.7 1.3 0.9 0.7 0.7
Property, Plant & Equipment - Other - Accumulated Depreciation & Impairment 0.5 0.4 0.3 0.3 0.3
Current Portion of Long-Term Debt excluding Capitalized Leases 0.0 0.0 0.5 1.6 2.6
Capitalized Lease Obligations - Long-Term 1.1 0.9 0.6 0.4 0.2
Long-Term Debt excluding Capitalized Leases 1.0 0.3 0.3 0.8 2.2
Other Non-Current Assets - Total 0.5 1.0 0.4 0.1 0.2
Debt - Non-Convertible - Long-Term 1.0 0.3 0.3 0.8 2.2
Dividends Payable 0.0 0.0 0.0 0.0 0.0
Deferred Tax - Asset - Long-Term 0.0 0.7 0.2 0.0 0.2
Deferred Tax & Investment Tax Credits - Long-Term 0.6 — 0.0 0.0 —
Deferred Charges - Long-Term — — — — —
Deferred Tax - Liability - Long-Term 0.6 — 0.0 0.0 —
Prepaid Expenses - Long-Term 0.5 0.3 0.3 0.1 0.0
Payables & Accrued Expenses 14.6 21.5 23.4 17.8 10.6
Trade Account Payables - Total 8.3 16.7 19.0 13.5 7.3
Other Non-Current Assets — — — — 0.1
Accrued Expenses 6.4 4.9 4.3 4.2 3.4
Derivative Liabilities - Hedging — — — — —
Total Liabilities 20.5 25.2 27.7 22.1 16.8
Shareholders' Equity - Attributable to Parent Shareholders - Total 17.0 16.5 14.2 12.7 10.3
Total Non-Current Assets 19.0 18.5 15.9 12.9 11.9
Common Equity Attributable to Parent Shareholders 17.0 16.5 14.2 12.7 10.3
Common Equity - Contributed 8.5 8.5 8.5 8.5 8.6
Common Stock - Issued & Paid 7.7 7.7 7.7 7.7 7.7
Equity - Non-Contributed - Reserves & Retained Earnings 8.4 7.9 5.6 4.2 1.8
Retained Earnings - Total 8.7 8.1 5.9 4.4 1.9
Trade Accounts Payable & Accruals - Short-Term 14.6 21.5 23.4 17.8 10.6
Comprehensive Income - Accumulated - Total (0.3) (0.2) (0.3) (0.3) (0.2)
Trade Accounts & Trade Notes Payable - Short-Term 8.3 16.7 19.0 13.5 7.3
Accrued Expenses - Short-Term 6.4 4.9 4.3 4.2 3.4
Hedging Reserves — — — — —
Foreign Currency Translation Adjustment - Accumulated — — — — —
Other Reserves/Equity - Total — — — — —
Derivative Liabilities - Hedging - Short-Term — — — — —
Income Taxes - Payable - Short-Term 0.1 0.1 0.1 0.1 0.1
Dividends/Distributions Payable 0.0 0.0 0.0 0.0 0.0
Other Current Liabilities - Total 1.9 1.5 2.3 1.1 0.3
Common Equity - Total 17.0 16.5 14.2 12.7 10.3
Deferred Income - Short-Term 0.7 0.9 1.4 0.8 0.1
Security Deposits 0.0 0.0 0.0 0.0 0.0
Common Stock - Additional Paid in Capital including Option Reserve 0.9 0.9 0.9 0.9 0.9
Minority Interest - Equity — — — — —
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 17.0 16.5 14.2 12.7 10.3
Total Liabilities & Equity 37.5 41.7 41.9 34.7 27.1
Provisions - Short-Term 1.1 — — — —
Other Current Liabilities 0.1 0.6 0.9 0.4 0.2
Total Current Liabilities 17.9 24.0 26.9 20.8 14.4
Other Non-Current Liabilities - Total — — — — 0.0
Provisions - Long-Term — — — — —
Post Employment Benefits - Pension & Other - Long-Term — — — — —
Deferred Revenue - Long-Term — — — — —
Other Non-Current Liabilities — — — — 0.0
Total Non-Current Liabilities 2.7 1.2 0.8 1.2 2.4
Comprehensive Income - Pension Liabilities (0.3) (0.2) (0.3) (0.3) (0.2)
Common Shares - Issued - Total mn 766.6 766.6 766.6 766.6 766.6
Common Shares - Outstanding - Total mn 766.6 766.6 766.6 766.6 766.6
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 850.0 850.0 850.0 850.0 850.0
Common Shares - Issued - Issue Specific mn 766.6 766.6 766.6 766.6 766.6
Common Shares - Outstanding - Issue Specific mn 766.6 766.6 766.6 766.6 766.6
Common Shares - Treasury - Issue Specific mn 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×
Right of Use Tangible Assets - Total - Net - Supplemental 2.0 1.7 1.0 0.7 0.5
Right of Use Tangible Assets - Capital/Finance Lease - Net - Supplemental 2.0 1.7 1.0 0.7 0.5
Right of Use Tangible Assets - Total - Gross - Supplemental 3.7 3.0 2.0 1.4 1.2
Right of Use Tangible Assets - Capital/Finance Lease - Gross - Supplemental 3.7 3.0 2.0 1.4 1.2
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Net - Supplemental 16.5 15.8 14.4 12.0 11.0
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Gross - Supplemental 38.2 36.3 33.7 30.6 28.5
Finance and Operating Lease Liabilities - Total - Supplemental 1.6 1.5 1.0 0.7 0.5
Debt including Finance and Operating Lease Liabilities - Supplemental 3.3 2.1 1.9 3.0 5.8
Net Debt 2.0 (0.7) (1.2) (0.8) 3.4
Debt - Long-Term - Maturities - Total 1.6 0.3 0.8 2.3 4.8
Debt - Long-Term - Maturities - within 1 Year 0.1 0.0 0.5 1.6 2.6
Debt - Long-Term - Maturities - Year 2 1.6 0.3 0.3 0.8 2.2
Debt - Long-Term - Maturities - Remaining — — — — —
Debt - Long-Term - Maturities - 2-3 Years 1.6 0.3 0.3 0.8 2.2
Capital Lease Maturities - Total 2.2 1.5 1.0 0.7 0.5
Capital Lease Maturities - Due within 1 Year 0.7 0.6 0.4 0.3 0.3
Debt - Long-Term - Maturities - Year 6 & Beyond — — — — —
Capital Lease Maturities - Due in Year 3 — — 0.3 0.1 0.1
Capital Lease Maturities - Due in Year 2 1.5 0.9 0.1 0.0 0.2
Capital Lease Maturities - Due in Year 5 — — — — —
Capital Lease Maturities - Due in Year 4 — — 0.0 0.3 0.0
Capital Lease Maturities - Remaining Maturities — — 0.2 0.0 —
Capital Lease Maturities - Due in 4-5 Years — — 0.0 0.3 0.0
Capital Lease Maturities - Due in 2-3 Years 1.5 0.9 0.4 0.1 0.2
Capital Lease Maturities - Due in Year 6 & Beyond — — 0.2 0.0 —
Minority Interest - Total — — — — —
Asset Accruals 36.3 38.9 39.8 32.9 26.8
Cash & Cash Equivalents - Total 1.2 2.7 2.1 1.8 0.3
Cash & Short Term Investments - Total 1.3 2.8 3.1 3.8 2.3
Debt - including Preferred Equity & Minority Interest - Total 3.3 2.1 1.9 3.0 5.8
Right of Use Tangible Assets - Total - Accumulated Depreciation - Supplemental 1.7 1.3 0.9 0.7 0.7
Investments - Permanent — — — — —
Net Book Capital 18.9 15.7 13.0 11.9 13.8
Right of Use Tangible Assets - Capital/Finance Lease - Accumulated Depreciation - Supplemental 1.7 1.3 0.9 0.7 0.7
Net Operating Assets 18.9 15.7 13.0 11.9 13.8
Provisions - Total 1.7 — 0.0 0.0 —
Shareholders Equity - Common 17.0 16.5 14.2 12.7 10.3
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Accumulated Depreciation - Supplemental 21.7 20.5 19.3 18.6 17.4
Tangible Total Equity 16.9 16.4 14.2 12.7 10.3
Tangible Book Value 16.9 16.4 14.2 12.7 10.3
Total Book Capital 20.3 18.6 16.1 15.7 16.1
Total Capital 20.3 18.6 16.1 15.7 16.1
Total Long Term Capital 19.6 17.6 15.0 13.9 12.8
Unearned Revenue - Total 0.7 0.9 1.4 0.8 0.1
Book Value excluding Other Equity 17.0 16.5 14.2 12.7 —
Income Taxes - Payable - Long-Term & Short-Term 0.1 0.1 0.1 0.1 0.1
Contract Liabilities - Short-Term - Advance Consideration & Progress Billings in Excess of Unbilled Revenue 0.7 0.9 1.4 0.8 0.1
Accruals - Short-Term (0.6) (3.6) (2.9) (0.8) 0.6
Cash & Short Term Investments - Net of Debt (2.0) 0.7 1.2 0.8 (3.4)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments 0.5 0.6 0.9 1.8 2.9
Total Fixed Assets - Net 19.0 18.5 15.9 12.9 11.9
Working Capital 0.6 (0.9) (0.9) 1.0 0.9
Interest Bearing Liabilities - Total 3.3 2.1 1.9 3.0 5.8
Working Capital - Non-Cash (0.8) (3.7) (3.9) (2.8) (1.4)
Working Capital excluding Other Current Assets & Liabilities 2.4 0.6 1.4 2.1 1.2
Net Debt Including Preferred Equity & Minority Interest 2.0 (0.7) (1.2) (0.8) 3.4
Other Short-Term & Long-Term Assets - Total 0.5 1.1 0.5 0.2 0.3
Other Short-Term & Long-Term Liabilities - Total 1.9 1.5 2.3 1.1 0.3
Total Current Assets excluding Total Inventories 7.5 12.4 14.5 13.9 10.2
Tangible Book Value excluding Other Equity 16.9 16.4 14.2 12.7 —
Total Debt Excluding Islamic 3.3 2.1 1.9 3.0 5.8
Trade Accounts & Trade Notes Receivable - Net - Total 1.6 1.4 1.9 1.9 1.3
Provision for Doubtful Accounts & Notes Receivable - Total 0.0 0.0 0.0 0.0 0.0
Current Liabilities excluding Current Debt - Total 16.6 23.1 25.8 19.0 11.0
Cash in Hand & with Banks - Total 1.2 2.7 2.1 1.8 0.3
Current Assets excluding Cash & Short Term Investments - Total 17.1 20.3 22.9 18.0 12.9
Cash, Short Term Investments & Accounts Receivable - Total 2.9 4.2 5.0 5.7 3.7

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