FECTC Fecto Cement Limited

Fecto Cement Limited (FECTC) balance sheet

At the end of FY2026 (Jul 2025 – Jun 2026) Fecto Cement Limited had total assets of Rs 9.5 bn, up 19.4% on FY2025. Current assets of Rs 6.1 bn covered current liabilities of Rs 3.6 bn 1.69 times. Total debt was Rs 1.2 bn, net debt Rs 943.9 mn. Shareholders' equity was Rs 5.1 bn (Rs 101.94 per share), 53.7% of total assets.

FECTC balance sheet (annual) (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	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
Assets
Cash & short-term investments	245.3	302.1	281.2	198.7	241.2	185.2	235.1	353.8	679.7	559.9	329.2	221.0	155.4	48.4	41.8	24.2	20.0	19.5	38.9	41.7
Trade receivables	637.9	569.6	478.8	146.7	75.2	43.8	24.9	68.0	75.4	16.1	12.6	13.5	16.5	15.1	25.7	18.7	10.9	65.6	71.7	18.9
Inventories	4,643.5	3,477.5	3,486.9	3,309.9	2,904.4	2,667.8	2,087.8	2,034.2	2,204.5	2,232.3	1,831.2	1,905.0	1,599.0	1,191.9	1,026.6	831.8	780.3	918.5	756.4	642.6
Other current assets	—	—	—	—	—	—	0.0	11.0	11.0	11.0	11.0	11.0	11.0	11.0	11.0	—	—	—	—	—
Total current assets	6,085.8	4,472.8	4,404.9	3,904.9	3,424.0	3,297.0	2,688.4	2,781.4	3,210.3	2,971.2	2,197.5	2,280.1	1,902.4	1,287.6	1,147.4	905.6	940.1	1,044.7	967.7	794.9
Property, plant & equipment	3,155.7	3,165.4	2,980.7	2,785.6	3,176.3	2,376.1	1,844.0	1,946.4	1,998.0	1,825.1	1,867.6	1,961.1	1,965.1	2,051.7	2,137.5	2,163.3	2,124.6	1,477.2	1,178.3	1,201.7
Intangible assets	12.2	12.7	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Long-term investments	241.6	302.1	465.1	503.8	330.9	318.0	284.4	319.7	0.0	—	4.5	4.6	4.5	4.3	5.2	30.8	30.6	51.8	51.4	—
Other non-current assets	17.5	10.9	10.1	123.7	10.3	35.1	6.3	6.5	6.8	6.5	—	—	—	—	—	—	—	—	—	—
Total non-current assets	3,430.2	3,494.1	3,468.3	3,421.6	3,526.2	2,736.0	2,145.4	2,285.2	2,019.3	1,849.8	1,879.2	1,973.0	1,990.8	2,071.4	2,161.4	2,202.5	2,182.5	1,559.8	1,261.9	1,287.3
Total assets	9,516.0	7,966.9	7,873.2	7,326.5	6,950.3	6,033.0	4,833.8	5,066.6	5,229.6	4,821.1	4,076.7	4,253.1	3,893.3	3,359.0	3,308.8	3,108.1	3,122.7	2,604.5	2,229.5	2,082.3
Liabilities
Trade payables	2,821.2	1,862.0	1,955.1	1,347.0	1,249.1	898.5	527.3	51.2	352.8	168.8	35.3	67.6	72.7	255.2	397.1	212.6	281.2	82.5	82.7	138.3
Short-term borrowings & current portion of debt	741.6	594.5	1,025.1	1,220.3	567.6	963.0	613.5	8.8	3.6	0.0	0.0	380.0	547.6	588.8	898.9	864.7	634.6	402.2	438.4	116.4
Total current liabilities	3,610.5	2,531.9	3,072.0	2,680.2	1,896.3	1,888.8	1,169.9	344.8	662.9	549.3	439.3	815.1	1,009.1	1,207.0	1,652.2	1,502.9	1,336.2	944.0	797.4	432.6
Long-term debt	447.6	562.7	690.6	909.0	1,084.8	582.1	112.0	34.3	14.8	0.0	0.0	80.0	260.0	125.0	254.6	456.4	684.0	292.1	394.0	489.6
Other non-current liabilities	43.5	69.6	102.1	140.5	184.5	95.0	10.5	—	—	—	—	—	—	—	—	—	—	—	—	—
Total non-current liabilities	792.3	885.6	858.4	1,049.6	1,303.2	677.1	155.9	390.2	356.6	378.0	403.9	516.8	505.1	243.0	280.5	575.8	822.6	488.3	574.4	709.9
Total liabilities	4,402.8	3,417.5	3,930.4	3,729.7	3,199.5	2,565.9	1,325.8	735.0	1,019.5	927.2	843.3	1,331.9	1,514.3	1,450.0	1,932.7	2,078.8	2,158.8	1,432.3	1,371.7	1,142.5
Equity
Share capital	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	456.0	456.0	456.0
Reserves & retained earnings	4,611.6	4,047.8	3,441.2	3,095.2	3,249.2	2,965.5	3,006.4	3,830.0	3,708.6	3,392.2	2,731.9	2,419.6	1,877.4	1,407.5	874.5	527.7	462.3	716.2	401.8	483.8
Equity attributable to shareholders	5,113.2	4,549.4	3,942.8	3,596.8	3,750.8	3,467.1	3,508.0	4,331.6	4,210.2	3,893.8	3,233.5	2,921.2	2,379.0	1,909.1	1,376.1	1,029.3	963.9	1,172.2	857.8	939.8
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	5,113.2	4,549.4	3,942.8	3,596.8	3,750.8	3,467.1	3,508.0	4,331.6	4,210.2	3,893.8	3,233.5	2,921.2	2,379.0	1,909.1	1,376.1	1,029.3	963.9	1,172.2	857.8	939.8
Total liabilities & equity	9,516.0	7,966.9	7,873.2	7,326.5	6,950.3	6,033.0	4,833.8	5,066.6	5,229.6	4,821.1	4,076.7	4,253.1	3,893.3	3,359.0	3,308.8	3,108.1	3,122.7	2,604.5	2,229.5	2,082.3
Key figures
Total debt	1,189.3	1,157.2	1,715.7	2,129.3	1,652.4	1,545.1	725.5	43.2	18.4	0.0	0.0	460.0	807.6	713.8	1,153.6	1,321.1	1,318.6	694.3	832.4	606.0
Net debt / (net cash)	943.9	855.0	1,434.4	1,930.7	1,411.3	1,359.9	490.4	(310.6)	(661.3)	(559.9)	(329.2)	239.0	652.3	665.4	1,111.8	1,296.9	1,298.7	674.7	793.5	564.3
Shares outstanding mn	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2
Common equity	5,113.2	4,549.4	3,942.8	3,596.8	3,750.8	3,467.1	3,508.0	4,331.6	4,210.2	3,893.8	3,233.5	2,921.2	2,379.0	1,909.1	1,376.1	1,029.3	963.9	1,172.2	857.8	939.8
Book value per share (Rs) Rs	101.94	90.70	78.60	71.71	74.78	69.12	69.94	86.36	83.93	77.63	64.46	58.24	47.43	38.06	27.43	20.52	19.22	23.37	17.10	18.74

FECTC balance sheet — year-on-year change (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	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
Assets
Cash & short-term investments	-18.8%	+7.4%	+41.6%	-17.6%	+30.2%	-21.2%	-33.5%	-48.0%	+21.4%	+70.1%	+49.0%	+42.2%	+220.7%	+15.8%	+72.9%	+21.2%	+2.1%	-49.8%	-6.7%	—
Trade receivables	+12.0%	+19.0%	+226.3%	+95.1%	+71.8%	+75.8%	-63.4%	-9.8%	+368.9%	+28.1%	-7.3%	-18.0%	+9.3%	-41.2%	+37.5%	+71.8%	-83.4%	-8.6%	+279.5%	—
Inventories	+33.5%	-0.3%	+5.4%	+14.0%	+8.9%	+27.8%	+2.6%	-7.7%	-1.2%	+21.9%	-3.9%	+19.1%	+34.1%	+16.1%	+23.4%	+6.6%	-15.1%	+21.4%	+17.7%	—
Other current assets	—	—	—	—	—	—	-100.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	—	—	—	—
Total current assets	+36.1%	+1.5%	+12.8%	+14.0%	+3.9%	+22.6%	-3.3%	-13.4%	+8.0%	+35.2%	-3.6%	+19.9%	+47.8%	+12.2%	+26.7%	-3.7%	-10.0%	+8.0%	+21.7%	—
Property, plant & equipment	-0.3%	+6.2%	+7.0%	-12.3%	+33.7%	+28.9%	-5.3%	-2.6%	+9.5%	-2.3%	-4.8%	-0.2%	-4.2%	-4.0%	-1.2%	+1.8%	+43.8%	+25.4%	-1.9%	—
Intangible assets	-3.7%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Long-term investments	-20.0%	-35.0%	-7.7%	+52.3%	+4.0%	+11.8%	-11.0%	—	—	—	-0.9%	+0.5%	+5.7%	-17.4%	-83.2%	+0.8%	-40.9%	+0.8%	—	—
Other non-current assets	+60.2%	+7.9%	-91.8%	+1,104.0%	-70.8%	+458.3%	-3.0%	-4.7%	+4.1%	—	—	—	—	—	—	—	—	—	—	—
Total non-current assets	-1.8%	+0.7%	+1.4%	-3.0%	+28.9%	+27.5%	-6.1%	+13.2%	+9.2%	-1.6%	-4.8%	-0.9%	-3.9%	-4.2%	-1.9%	+0.9%	+39.9%	+23.6%	-2.0%	—
Total assets	+19.4%	+1.2%	+7.5%	+5.4%	+15.2%	+24.8%	-4.6%	-3.1%	+8.5%	+18.3%	-4.1%	+9.2%	+15.9%	+1.5%	+6.5%	-0.5%	+19.9%	+16.8%	+7.1%	—
Liabilities
Trade payables	+51.5%	-4.8%	+45.1%	+7.8%	+39.0%	+70.4%	+930.7%	-85.5%	+109.0%	+377.7%	-47.7%	-7.0%	-71.5%	-35.7%	+86.8%	-24.4%	+240.7%	-0.3%	-40.2%	—
Short-term borrowings & current portion of debt	+24.8%	-42.0%	-16.0%	+115.0%	-41.1%	+57.0%	+6,841.9%	+142.4%	—	—	-100.0%	-30.6%	-7.0%	-34.5%	+4.0%	+36.3%	+57.8%	-8.3%	+276.7%	—
Total current liabilities	+42.6%	-17.6%	+14.6%	+41.3%	+0.4%	+61.5%	+239.3%	-48.0%	+20.7%	+25.0%	-46.1%	-19.2%	-16.4%	-26.9%	+9.9%	+12.5%	+41.5%	+18.4%	+84.3%	—
Long-term debt	-20.4%	-18.5%	-24.0%	-16.2%	+86.4%	+419.6%	+226.4%	+132.6%	—	—	-100.0%	-69.2%	+108.0%	-50.9%	-44.2%	-33.3%	+134.2%	-25.9%	-19.5%	—
Other non-current liabilities	-37.5%	-31.8%	-27.4%	-23.9%	+94.3%	+806.8%	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total non-current liabilities	-10.5%	+3.2%	-18.2%	-19.5%	+92.5%	+334.2%	-60.0%	+9.4%	-5.6%	-6.4%	-21.8%	+2.3%	+107.9%	-13.4%	-51.3%	-30.0%	+68.5%	-15.0%	-19.1%	—
Total liabilities	+28.8%	-13.0%	+5.4%	+16.6%	+24.7%	+93.5%	+80.4%	-27.9%	+9.9%	+10.0%	-36.7%	-12.0%	+4.4%	-25.0%	-7.0%	-3.7%	+50.7%	+4.4%	+20.1%	—
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%	+10.0%	0.0%	0.0%	—
Reserves & retained earnings	+13.9%	+17.6%	+11.2%	-4.7%	+9.6%	-1.4%	-21.5%	+3.3%	+9.3%	+24.2%	+12.9%	+28.9%	+33.4%	+61.0%	+65.7%	+14.2%	-35.4%	+78.2%	-16.9%	—
Equity attributable to shareholders	+12.4%	+15.4%	+9.6%	-4.1%	+8.2%	-1.2%	-19.0%	+2.9%	+8.1%	+20.4%	+10.7%	+22.8%	+24.6%	+38.7%	+33.7%	+6.8%	-17.8%	+36.6%	-8.7%	—
Non-controlling interest	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total equity	+12.4%	+15.4%	+9.6%	-4.1%	+8.2%	-1.2%	-19.0%	+2.9%	+8.1%	+20.4%	+10.7%	+22.8%	+24.6%	+38.7%	+33.7%	+6.8%	-17.8%	+36.6%	-8.7%	—
Total liabilities & equity	+19.4%	+1.2%	+7.5%	+5.4%	+15.2%	+24.8%	-4.6%	-3.1%	+8.5%	+18.3%	-4.1%	+9.2%	+15.9%	+1.5%	+6.5%	-0.5%	+19.9%	+16.8%	+7.1%	—
Key figures
Total debt	+2.8%	-32.6%	-19.4%	+28.9%	+6.9%	+113.0%	+1,581.0%	+134.5%	—	—	-100.0%	-43.0%	+13.1%	-38.1%	-12.7%	+0.2%	+89.9%	-16.6%	+37.4%	—
Net debt / (net cash)	+10.4%	-40.4%	-25.7%	+36.8%	+3.8%	+177.3%	—	—	—	—	-237.7%	-63.4%	-2.0%	-40.1%	-14.3%	-0.1%	+92.5%	-15.0%	+40.6%	—
Shares outstanding	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Common equity	+12.4%	+15.4%	+9.6%	-4.1%	+8.2%	-1.2%	-19.0%	+2.9%	+8.1%	+20.4%	+10.7%	+22.8%	+24.6%	+38.7%	+33.7%	+6.8%	-17.8%	+36.6%	-8.7%	—
Book value per share (Rs)	+12.4%	+15.4%	+9.6%	-4.1%	+8.2%	-1.2%	-19.0%	+2.9%	+8.1%	+20.4%	+10.7%	+22.8%	+24.6%	+38.7%	+33.7%	+6.8%	-17.8%	+36.6%	-8.7%	—

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

FECTC balance sheet — common size (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	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
Assets
Cash & short-term investments	2.6%	3.8%	3.6%	2.7%	3.5%	3.1%	4.9%	7.0%	13.0%	11.6%	8.1%	5.2%	4.0%	1.4%	1.3%	0.8%	0.6%	0.8%	1.7%	2.0%
Trade receivables	6.7%	7.2%	6.1%	2.0%	1.1%	0.7%	0.5%	1.3%	1.4%	0.3%	0.3%	0.3%	0.4%	0.5%	0.8%	0.6%	0.3%	2.5%	3.2%	0.9%
Inventories	48.8%	43.6%	44.3%	45.2%	41.8%	44.2%	43.2%	40.1%	42.2%	46.3%	44.9%	44.8%	41.1%	35.5%	31.0%	26.8%	25.0%	35.3%	33.9%	30.9%
Other current assets	—	—	—	—	—	—	0.0%	0.2%	0.2%	0.2%	0.3%	0.3%	0.3%	0.3%	0.3%	—	—	—	—	—
Total current assets	64.0%	56.1%	55.9%	53.3%	49.3%	54.6%	55.6%	54.9%	61.4%	61.6%	53.9%	53.6%	48.9%	38.3%	34.7%	29.1%	30.1%	40.1%	43.4%	38.2%
Property, plant & equipment	33.2%	39.7%	37.9%	38.0%	45.7%	39.4%	38.1%	38.4%	38.2%	37.9%	45.8%	46.1%	50.5%	61.1%	64.6%	69.6%	68.0%	56.7%	52.8%	57.7%
Intangible assets	0.1%	0.2%	0.0%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Long-term investments	2.5%	3.8%	5.9%	6.9%	4.8%	5.3%	5.9%	6.3%	0.0%	—	0.1%	0.1%	0.1%	0.1%	0.2%	1.0%	1.0%	2.0%	2.3%	—
Other non-current assets	0.2%	0.1%	0.1%	1.7%	0.1%	0.6%	0.1%	0.1%	0.1%	0.1%	—	—	—	—	—	—	—	—	—	—
Total non-current assets	36.0%	43.9%	44.1%	46.7%	50.7%	45.4%	44.4%	45.1%	38.6%	38.4%	46.1%	46.4%	51.1%	61.7%	65.3%	70.9%	69.9%	59.9%	56.6%	61.8%
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	29.6%	23.4%	24.8%	18.4%	18.0%	14.9%	10.9%	1.0%	6.7%	3.5%	0.9%	1.6%	1.9%	7.6%	12.0%	6.8%	9.0%	3.2%	3.7%	6.6%
Short-term borrowings & current portion of debt	7.8%	7.5%	13.0%	16.7%	8.2%	16.0%	12.7%	0.2%	0.1%	0.0%	0.0%	8.9%	14.1%	17.5%	27.2%	27.8%	20.3%	15.4%	19.7%	5.6%
Total current liabilities	37.9%	31.8%	39.0%	36.6%	27.3%	31.3%	24.2%	6.8%	12.7%	11.4%	10.8%	19.2%	25.9%	35.9%	49.9%	48.4%	42.8%	36.2%	35.8%	20.8%
Long-term debt	4.7%	7.1%	8.8%	12.4%	15.6%	9.6%	2.3%	0.7%	0.3%	0.0%	0.0%	1.9%	6.7%	3.7%	7.7%	14.7%	21.9%	11.2%	17.7%	23.5%
Other non-current liabilities	0.5%	0.9%	1.3%	1.9%	2.7%	1.6%	0.2%	—	—	—	—	—	—	—	—	—	—	—	—	—
Total non-current liabilities	8.3%	11.1%	10.9%	14.3%	18.8%	11.2%	3.2%	7.7%	6.8%	7.8%	9.9%	12.2%	13.0%	7.2%	8.5%	18.5%	26.3%	18.7%	25.8%	34.1%
Total liabilities	46.3%	42.9%	49.9%	50.9%	46.0%	42.5%	27.4%	14.5%	19.5%	19.2%	20.7%	31.3%	38.9%	43.2%	58.4%	66.9%	69.1%	55.0%	61.5%	54.9%
Equity
Share capital	5.3%	6.3%	6.4%	6.8%	7.2%	8.3%	10.4%	9.9%	9.6%	10.4%	12.3%	11.8%	12.9%	14.9%	15.2%	16.1%	16.1%	17.5%	20.5%	21.9%
Reserves & retained earnings	48.5%	50.8%	43.7%	42.2%	46.7%	49.2%	62.2%	75.6%	70.9%	70.4%	67.0%	56.9%	48.2%	41.9%	26.4%	17.0%	14.8%	27.5%	18.0%	23.2%
Equity attributable to shareholders	53.7%	57.1%	50.1%	49.1%	54.0%	57.5%	72.6%	85.5%	80.5%	80.8%	79.3%	68.7%	61.1%	56.8%	41.6%	33.1%	30.9%	45.0%	38.5%	45.1%
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	53.7%	57.1%	50.1%	49.1%	54.0%	57.5%	72.6%	85.5%	80.5%	80.8%	79.3%	68.7%	61.1%	56.8%	41.6%	33.1%	30.9%	45.0%	38.5%	45.1%
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	12.5%	14.5%	21.8%	29.1%	23.8%	25.6%	15.0%	0.9%	0.4%	0.0%	0.0%	10.8%	20.7%	21.3%	34.9%	42.5%	42.2%	26.7%	37.3%	29.1%
Net debt / (net cash)	9.9%	10.7%	18.2%	26.4%	20.3%	22.5%	10.1%	(6.1%)	(12.6%)	(11.6%)	(8.1%)	5.6%	16.8%	19.8%	33.6%	41.7%	41.6%	25.9%	35.6%	27.1%
Common equity	53.7%	57.1%	50.1%	49.1%	54.0%	57.5%	72.6%	85.5%	80.5%	80.8%	79.3%	68.7%	61.1%	56.8%	41.6%	33.1%	30.9%	45.0%	38.5%	45.1%

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 176

FECTC balance sheet — all reported line items (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	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
Cash & Cash Equivalents	245.3	252.2	281.2	198.7	141.2	85.3	117.7	164.4	472.8	457.4	328.9	220.5	155.4	48.4	41.8	24.2	19.7	19.5	37.5	41.7
Cash & Short Term Investments	245.3	302.1	281.2	198.7	241.2	185.2	235.1	353.8	679.7	559.9	329.2	221.0	155.4	48.4	41.8	24.2	20.0	19.5	38.9	41.7
Short-Term Investments - Total	0.0	49.9	0.0	0.0	99.9	99.9	117.4	189.4	206.9	102.5	0.3	0.5	0.0	0.1	0.0	0.0	0.2	0.0	1.5	—
Loans & Receivables - Net - Short-Term	812.9	604.4	540.5	327.5	227.4	358.0	334.8	302.2	222.0	121.4	19.0	19.8	23.7	21.9	32.5	40.4	10.9	65.6	75.6	18.9
Loans & Receivables - Total	816.0	607.3	552.9	335.9	236.1	364.7	345.5	314.8	236.6	139.6	26.1	27.1	44.9	37.3	51.2	48.7	38.2	96.4	107.9	104.6
Trade Accounts & Trade Notes Receivable - Net	637.9	569.6	478.8	146.7	75.2	43.8	24.9	68.0	75.4	16.1	12.6	13.5	16.5	15.1	25.7	18.7	10.9	65.6	71.7	18.9
Trade Accounts & Trade Notes Receivable - Gross	—	—	—	—	—	—	—	73.0	80.4	21.0	—	—	—	—	—	—	—	—	—	—
Provision - Trade Accounts & Trade Notes Receivable	—	—	—	—	—	—	—	5.0	5.0	5.0	—	—	—	—	—	—	—	—	—	—
Loans - Short-Term	0.0	20.0	20.0	70.9	25.4	79.4	90.0	45.1	7.8	6.2	6.4	6.2	7.1	6.6	6.8	21.4	—	—	—	—
Income Tax - Receivables - Short-Term	175.0	14.7	41.7	109.8	126.8	234.8	219.9	189.0	138.7	98.7	—	—	—	—	—	—	—	—	—	—
Receivables - Other - Total	—	—	—	—	—	—	—	—	—	0.4	0.0	0.1	0.1	0.2	0.0	0.2	—	0.0	3.9	—
Accounts & Notes Receivable - Trade - Gross - Total	—	—	—	—	—	—	—	73.0	80.4	21.0	—	—	—	—	—	—	—	—	—	—
Inventories - Total	4,643.5	3,477.5	3,486.9	3,309.9	2,904.4	2,667.8	2,087.8	2,034.2	2,204.5	2,232.3	1,831.2	1,905.0	1,599.0	1,191.9	1,026.6	831.8	780.3	918.5	756.4	642.6
Inventories - Raw Materials	1,466.8	1,388.4	1,487.3	1,509.0	1,610.2	1,045.1	811.5	1,699.5	1,663.4	1,711.5	1,539.1	1,424.8	1,303.2	910.5	811.9	732.8	680.1	758.9	648.7	572.4
Inventories - Work in Progress	—	—	—	—	—	—	—	266.9	441.6	452.1	227.8	394.2	219.9	212.3	154.0	28.9	33.5	110.4	63.4	35.1
Inventories - Finished Goods	—	—	—	—	—	—	—	36.5	41.3	32.7	25.9	32.8	32.9	35.3	37.0	32.2	28.7	28.5	21.4	26.6
Inventories - Other - Total	3,176.7	2,089.2	1,999.6	1,800.9	1,294.2	1,622.7	1,276.3	31.4	58.2	36.0	38.4	53.3	43.1	33.8	23.6	37.9	38.1	20.8	22.9	8.5
Prepaid Expenses - Short-Term	384.1	88.8	96.2	68.9	51.1	86.1	30.7	80.3	93.1	46.6	7.0	123.3	113.4	14.4	35.4	9.2	129.0	41.0	96.7	91.7
Investments - Total	241.6	352.1	465.1	503.8	430.8	417.9	401.8	509.1	206.9	102.5	4.8	5.1	4.5	4.3	5.2	30.8	30.8	51.8	52.8	—
Other Current Assets - Total	—	—	—	—	—	—	0.0	11.0	11.0	11.0	11.0	11.0	11.0	11.0	11.0	—	—	—	—	—
Property, Plant & Equipment - Net - Total	3,155.7	3,165.4	2,980.7	2,785.6	3,176.3	2,376.1	1,844.0	1,946.4	1,998.0	1,825.1	1,867.6	1,961.1	1,965.1	2,051.7	2,137.5	2,163.3	2,124.6	1,477.2	1,178.3	1,201.7
Restricted Accounts - Short-Term	—	—	—	—	—	—	—	11.0	11.0	11.0	11.0	11.0	11.0	11.0	11.0	—	—	—	—	—
Property, Plant & Equipment - Gross - Total	—	—	—	—	—	—	—	4,618.8	—	4,281.1	4,214.9	4,199.1	4,114.3	4,094.3	4,090.5	4,024.5	3,899.4	3,271.6	2,964.8	2,935.4
Property, Plant & Equipment - Accumulated Depreciation & Impairment - Total	—	—	—	—	—	—	—	2,672.4	—	2,456.0	2,347.2	2,238.0	2,149.1	2,042.6	1,953.0	1,861.1	1,774.8	1,794.4	1,786.5	1,733.7
Other Current Assets	—	—	—	—	—	—	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Assets - Total	17.5	10.9	10.1	123.7	10.3	35.1	6.3	17.5	17.8	17.5	11.0	11.0	11.0	11.0	11.0	—	—	—	—	—
Intangible Assets - Total - Net	12.2	12.7	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Current Assets	6,085.8	4,472.8	4,404.9	3,904.9	3,424.0	3,297.0	2,688.4	2,781.4	3,210.3	2,971.2	2,197.5	2,280.1	1,902.4	1,287.6	1,147.4	905.6	940.1	1,044.7	967.7	794.9
Intangible Assets - excluding Goodwill - Net - Total	12.2	12.7	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Investments - Long-Term	241.6	302.1	465.1	503.8	330.9	318.0	284.4	319.7	0.0	—	4.5	4.6	4.5	4.3	5.2	30.8	30.6	51.8	51.4	—
Investment Property - Net	0.0	102.3	102.3	102.3	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Investments - Available for Sale/Held to Maturity - Long-Term	241.6	199.9	362.8	401.5	—	—	—	—	—	—	4.5	4.6	4.5	4.3	5.2	30.8	30.6	51.8	51.4	—
Receivables & Loans - Long-Term	3.1	3.0	12.4	8.5	8.8	6.7	10.8	12.6	14.5	18.2	7.1	7.3	21.2	15.4	18.7	8.4	27.3	30.8	32.3	85.7
Loans - Long-Term	3.1	3.0	12.4	8.5	8.8	6.7	10.8	12.6	14.5	18.2	7.1	7.3	11.2	15.4	18.7	8.4	27.3	30.8	32.3	85.7
Receivables - Other - Net - Long-Term	—	—	—	—	—	—	—	—	—	—	—	0.0	10.0	—	—	—	—	—	—	—
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total	3,155.7	3,165.4	2,980.7	2,785.6	3,176.3	2,376.1	1,844.0	1,946.4	1,998.0	1,825.1	1,867.6	1,961.1	1,965.1	2,051.7	2,137.5	2,163.3	2,124.6	1,477.2	1,178.3	1,201.7
Land & Buildings - Net	—	—	—	—	—	—	—	424.9	—	339.3	347.5	349.5	291.8	—	—	—	—	—	—	—
Land/Improvements - Net	—	—	—	—	—	—	—	225.9	—	225.9	225.9	225.9	160.4	—	—	—	—	—	—	—
Buildings - Net	—	—	—	—	—	—	—	199.0	—	113.3	121.5	123.5	131.5	—	—	—	—	—	—	—
Plant, Machinery & Equipment - Net	—	—	—	—	—	—	—	1,267.9	—	1,451.9	1,515.6	1,602.3	1,665.2	—	—	—	—	—	—	—
Transportation Equipment - Net	—	—	—	—	—	—	—	37.1	—	63.8	79.7	84.8	65.8	—	—	—	—	—	—	—
Construction in Progress - Net	—	—	—	—	—	—	—	0.0	2.5	31.6	0.8	3.6	0.3	—	—	—	—	—	—	—
Property, Plant & Equipment - Under Capital Lease - Net	—	—	—	—	—	—	—	51.2	—	—	—	—	—	—	—	—	—	—	—	—
Right of Use Tangible Assets - Total - Net	5.2	25.3	46.2	76.8	108.4	106.0	51.7	—	—	—	—	—	—	—	—	—	—	—	—	—
Right of Use Tangible Assets - Capital/Finance Lease - Net	5.2	25.3	46.2	76.8	108.4	106.0	51.7	—	—	—	—	—	—	—	—	—	—	—	—	—
Property, Plant & Equipment - Other - Net	3,150.5	3,140.2	2,934.5	2,708.8	3,067.9	2,270.1	1,792.3	202.4	1,995.5	2.4	3.8	5.7	7.7	—	—	—	—	—	—	—
Assets Leased Out under Operating Lease - Gross	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	0.0	—	—	—	—	—
Property, Plant & Equipment - excluding Assets Leased Out - Gross	—	—	—	—	—	—	—	4,618.8	—	4,281.1	4,214.9	4,199.1	4,114.3	4,094.3	4,090.5	4,024.5	3,899.4	3,271.6	2,964.8	2,935.4
Land & Buildings - Gross	—	—	—	—	—	—	—	791.3	—	683.9	683.9	678.0	612.4	612.4	602.3	600.2	576.3	560.4	424.2	417.5
Land/Improvements - Gross	—	—	—	—	—	—	—	225.9	—	225.9	225.9	225.9	160.4	160.4	160.4	160.4	160.4	152.3	18.1	18.1
Buildings - Gross	—	—	—	—	—	—	—	565.4	—	458.0	458.0	452.1	452.1	452.1	442.0	439.9	415.9	408.0	406.1	399.4
Plant, Machinery & Equipment - Gross	—	—	—	—	—	—	—	3,515.2	—	3,518.8	3,483.4	3,470.8	3,454.8	3,438.0	3,439.0	3,220.1	2,323.2	2,382.7	2,327.9	2,219.1
Transportation Equipment - Gross	—	—	—	—	—	—	—	235.6	—	246.3	244.6	232.0	216.0	200.3	194.6	187.6	188.1	253.9	274.0	264.9
Construction in Progress - Gross	—	—	—	—	—	—	—	0.0	—	31.6	0.8	3.6	0.3	0.0	1.1	1.1	808.2	137.5	26.4	247.7
Property, Plant & Equipment - Under Capital Lease - Gross	—	—	—	—	—	—	—	61.4	—	—	—	—	—	—	9.1	158.5	149.4	149.4	149.4	15.7
Total Assets	9,516.0	7,966.9	7,873.2	7,326.5	6,950.3	6,033.0	4,833.8	5,066.6	5,229.6	4,821.1	4,076.7	4,253.1	3,893.3	3,359.0	3,308.8	3,108.1	3,122.7	2,604.5	2,229.5	2,082.3
Property, Plant & Equipment - Other - Gross	—	—	—	—	—	—	—	250.9	—	46.7	46.7	46.7	46.7	44.0	39.0	44.5	42.2	41.6	36.9	35.5
Debt - Total	1,189.3	1,157.2	1,715.7	2,129.3	1,652.4	1,545.1	725.5	43.2	18.4	0.0	0.0	460.0	807.6	713.8	1,153.6	1,321.1	1,318.6	694.3	832.4	606.0
Short-Term Debt & Current Portion of Long-Term Debt	741.6	594.5	1,025.1	1,220.3	567.6	963.0	613.5	8.8	3.6	0.0	0.0	380.0	547.6	588.8	898.9	864.7	634.6	402.2	438.4	116.4
Property, Plant & Equipment - excluding Assets Leased Out - Accumulated Depreciation & Impairment - Total	—	—	—	—	—	—	—	2,672.4	—	2,456.0	2,347.2	2,238.0	2,149.1	2,042.6	1,953.0	1,861.1	1,774.8	1,794.4	1,786.5	1,733.7
Land & Buildings - Accumulated Depreciation & Impairment	—	—	—	—	—	—	—	366.3	—	344.7	336.5	328.5	320.6	—	—	—	—	—	—	—
Land/Improvements - Accumulated Depreciation & Impairment	—	—	—	—	—	—	—	0.0	—	0.0	0.0	0.0	0.0	—	—	—	—	—	—	—
Buildings - Accumulated Depreciation & Impairment	—	—	—	—	—	—	—	366.3	—	344.7	336.5	328.5	320.6	—	—	—	—	—	—	—
Current Portion of Long-Term Debt including Capitalized Leases	192.7	210.0	289.6	266.3	212.3	173.1	42.9	8.8	3.6	0.0	0.0	180.0	140.0	125.0	203.9	235.7	107.9	103.0	99.8	100.4
Plant, Machinery & Equipment - Accumulated Depreciation & Impairment	—	—	—	—	—	—	—	2,247.3	—	2,066.9	1,967.8	1,868.4	1,789.6	—	—	—	—	—	—	—
Transportation Equipment - Accumulated Depreciation & Impairment	—	—	—	—	—	—	—	198.5	—	182.5	164.9	147.2	150.2	—	—	—	—	—	—	—
Capitalized Leases - Current Portion	0.2	15.5	27.3	27.9	33.0	35.5	19.4	8.8	3.6	0.0	—	—	—	0.0	1.9	—	—	—	—	—
Short-Term Debt & Notes Payable	549.0	384.4	735.5	954.1	355.4	789.9	570.5	—	—	—	0.0	200.0	407.6	463.8	695.1	629.0	526.7	299.2	338.7	15.9
Debt - Long-Term - Total	447.6	562.7	690.6	909.0	1,084.8	582.1	112.0	34.3	14.8	0.0	0.0	80.0	260.0	125.0	254.6	456.4	684.0	292.1	394.0	489.6
Property, Plant & Equipment - Under Capital Lease - Accumulated Depreciation & Impairment	—	—	—	—	—	—	—	10.2	—	—	—	—	—	—	—	—	—	—	—	—
Property, Plant & Equipment - Other - Accumulated Depreciation & Impairment	—	—	—	—	—	—	—	48.5	—	44.4	42.9	41.0	39.0	—	—	—	—	—	—	—
Current Portion of Long-Term Debt excluding Capitalized Leases	192.5	194.5	262.2	238.4	179.2	137.6	23.6	—	—	—	0.0	180.0	140.0	125.0	201.9	—	—	—	—	—
Capitalized Lease Obligations - Long-Term	0.0	0.1	12.3	48.4	67.2	61.6	24.8	34.3	14.8	0.0	—	—	—	0.0	4.6	6.4	34.0	67.1	94.0	114.6
Long-Term Debt excluding Capitalized Leases	447.6	562.6	678.3	860.6	1,017.6	520.5	87.2	—	—	—	0.0	80.0	260.0	125.0	250.0	450.0	650.0	225.0	300.0	375.0
Other Non-Current Assets - Total	17.5	10.9	10.1	123.7	10.3	35.1	6.3	6.5	6.8	6.5	—	—	—	—	—	—	—	—	—	—
Debt - Non-Convertible - Long-Term	447.6	562.6	678.3	860.6	1,017.6	520.5	87.2	—	—	—	0.0	80.0	260.0	125.0	250.0	450.0	650.0	225.0	300.0	375.0
Dividends Payable	15.2	14.7	14.7	14.7	14.7	14.7	14.7	14.7	30.4	18.2	82.0	26.6	48.9	3.5	11.3	11.4	11.4	11.4	11.4	12.5
Deferred Tax - Asset - Long-Term	—	0.0	0.0	113.6	0.0	29.8	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Deferred Tax & Investment Tax Credits - Long-Term	301.2	253.3	65.7	0.0	33.9	0.0	33.4	355.9	341.9	378.0	403.9	436.8	245.1	118.0	25.8	119.4	138.6	196.3	180.3	220.3
Deferred Tax - Liability - Long-Term	301.2	253.3	65.7	0.0	33.9	0.0	33.4	355.9	341.9	378.0	403.9	436.8	245.1	118.0	25.8	119.4	138.6	196.3	180.3	220.3
Payables & Accrued Expenses	2,821.2	1,862.0	1,955.1	1,347.0	1,249.1	898.5	527.3	232.7	547.9	445.0	282.2	324.5	299.9	529.9	565.7	324.7	374.5	200.7	168.4	234.5
Trade Account Payables - Total	2,821.2	1,862.0	1,955.1	1,347.0	1,249.1	898.5	527.3	51.2	352.8	168.8	35.3	67.6	72.7	255.2	397.1	212.6	281.2	82.5	82.7	138.3
Other Non-Current Assets	17.5	10.9	10.1	10.1	10.3	5.3	6.3	6.5	6.8	6.5	—	—	—	—	—	—	—	—	—	—
Accrued Expenses	—	—	—	—	—	—	—	181.5	195.1	276.2	246.9	256.8	227.2	274.7	168.6	112.1	93.3	118.1	85.7	96.2
Total Liabilities	4,402.8	3,417.5	3,930.4	3,729.7	3,199.5	2,565.9	1,325.8	735.0	1,019.5	927.2	843.3	1,331.9	1,514.3	1,450.0	1,932.7	2,078.8	2,158.8	1,432.3	1,371.7	1,142.5
Shareholders' Equity - Attributable to Parent Shareholders - Total	5,113.2	4,549.4	3,942.8	3,596.8	3,750.8	3,467.1	3,508.0	4,331.6	4,210.2	3,893.8	3,233.5	2,921.2	2,379.0	1,909.1	1,376.1	1,029.3	963.9	1,172.2	857.8	939.8
Total Non-Current Assets	3,430.2	3,494.1	3,468.3	3,421.6	3,526.2	2,736.0	2,145.4	2,285.2	2,019.3	1,849.8	1,879.2	1,973.0	1,990.8	2,071.4	2,161.4	2,202.5	2,182.5	1,559.8	1,261.9	1,287.3
Common Equity Attributable to Parent Shareholders	5,113.2	4,549.4	3,942.8	3,596.8	3,750.8	3,467.1	3,508.0	4,331.6	4,210.2	3,893.8	3,233.5	2,921.2	2,379.0	1,909.1	1,376.1	1,029.3	963.9	1,172.2	857.8	939.8
Common Equity - Contributed	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	456.0	456.0	456.0
Common Stock - Issued & Paid	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	501.6	456.0	456.0	456.0
Equity - Non-Contributed - Reserves & Retained Earnings	4,611.6	4,047.8	3,441.2	3,095.2	3,249.2	2,965.5	3,006.4	3,830.0	3,708.6	3,392.2	2,731.9	2,419.6	1,877.4	1,407.5	874.5	527.7	462.3	716.2	401.8	483.8
Retained Earnings - Total	4,061.6	3,497.8	2,891.2	2,438.2	2,571.5	2,284.8	2,352.1	3,147.2	3,158.6	2,842.2	2,181.9	1,869.6	1,327.4	857.5	824.5	477.7	412.3	666.2	351.8	433.8
Trade Accounts Payable & Accruals - Short-Term	2,821.2	1,862.0	1,955.1	1,347.0	1,249.1	898.5	527.3	232.7	547.9	445.0	282.2	324.5	299.9	529.9	565.7	324.7	374.5	200.7	168.4	234.5
Comprehensive Income - Accumulated - Total	—	—	—	106.9	127.7	130.7	104.3	132.8	0.0	—	—	—	—	—	—	—	—	—	—	—
Trade Accounts & Trade Notes Payable - Short-Term	2,821.2	1,862.0	1,955.1	1,347.0	1,249.1	898.5	527.3	51.2	352.8	168.8	35.3	67.6	72.7	255.2	397.1	212.6	281.2	82.5	82.7	138.3
Accrued Expenses - Short-Term	—	—	—	—	—	—	—	181.5	195.1	276.2	246.9	256.8	227.2	274.7	168.6	112.1	93.3	118.1	85.7	96.2
Other Reserves/Equity - Total	550.0	550.0	550.0	550.0	550.0	550.0	550.0	550.0	550.0	550.0	550.0	550.0	550.0	550.0	50.0	50.0	50.0	50.0	50.0	50.0
Income Taxes - Payable - Short-Term	0.0	21.4	0.0	—	—	—	—	3.2	4.1	1.4	15.8	—	36.6	1.8	2.4	2.9	1.5	2.4	0.6	0.5
Dividends/Distributions Payable	15.2	14.7	14.7	14.7	14.7	14.7	14.7	14.7	30.4	18.2	82.0	26.6	48.9	3.5	11.3	11.4	11.4	11.4	11.4	12.5
Other Current Liabilities - Total	32.5	39.3	77.2	98.2	64.8	12.7	14.3	85.3	76.8	84.6	59.4	84.0	76.1	82.9	173.8	299.3	314.2	327.3	178.6	68.7
Common Equity - Total	5,113.2	4,549.4	3,942.8	3,596.8	3,750.8	3,467.1	3,508.0	4,331.6	4,210.2	3,893.8	3,233.5	2,921.2	2,379.0	1,909.1	1,376.1	1,029.3	963.9	1,172.2	857.8	939.8
Deferred Income - Short-Term	26.1	32.4	38.5	44.0	46.6	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Security Deposits	—	—	—	—	—	—	—	10.3	10.2	10.1	9.5	9.8	9.9	10.6	11.2	10.3	11.0	11.8	14.2	12.5
Customer Advances - Short-Term	—	—	—	—	—	—	—	51.6	42.9	52.7	36.7	45.7	26.2	27.8	27.8	126.6	89.7	37.0	44.8	24.3
Total Shareholders' Equity - including Minority Interest & Hybrid Debt	5,113.2	4,549.4	3,942.8	3,596.8	3,750.8	3,467.1	3,508.0	4,331.6	4,210.2	3,893.8	3,233.5	2,921.2	2,379.0	1,909.1	1,376.1	1,029.3	963.9	1,172.2	857.8	939.8
Total Liabilities & Equity	9,516.0	7,966.9	7,873.2	7,326.5	6,950.3	6,033.0	4,833.8	5,066.6	5,229.6	4,821.1	4,076.7	4,253.1	3,893.3	3,359.0	3,308.8	3,108.1	3,122.7	2,604.5	2,229.5	2,082.3
Other Current Liabilities	6.4	6.9	38.7	54.2	18.2	12.7	14.3	23.4	23.7	21.8	13.2	28.4	40.0	44.6	134.8	162.4	213.5	278.5	119.6	31.9
Revaluation Reserves	—	—	—	106.9	127.7	130.7	104.3	132.8	0.0	—	—	—	—	—	—	—	—	—	—	—
Total Current Liabilities	3,610.5	2,531.9	3,072.0	2,680.2	1,896.3	1,888.8	1,169.9	344.8	662.9	549.3	439.3	815.1	1,009.1	1,207.0	1,652.2	1,502.9	1,336.2	944.0	797.4	432.6
Other Non-Current Liabilities - Total	43.5	69.6	102.1	140.5	184.5	95.0	10.5	—	—	—	—	—	—	—	—	—	—	—	—	—
Deferred Revenue - Long-Term	43.5	69.6	102.1	140.5	184.5	95.0	10.5	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Non-Current Liabilities	—	—	—	—	—	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Non-Current Liabilities	792.3	885.6	858.4	1,049.6	1,303.2	677.1	155.9	390.2	356.6	378.0	403.9	516.8	505.1	243.0	280.5	575.8	822.6	488.3	574.4	709.9
Common Shares - Issued - Total mn	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2
Common Shares - Outstanding - Total mn	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2
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	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Common Shares - Authorized - Issue Specific mn	75.0	75.0	75.0	75.0	75.0	75.0	75.0	75.0	75.0	75.0	75.0	75.0	75.0	—	—	—	—	—	—	—
Common Shares - Issued - Issue Specific mn	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2
Common Shares - Outstanding - Issue Specific mn	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2	50.2
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	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×
Right of Use Tangible Assets - Total - Net - Supplemental	5.2	25.3	46.2	76.8	108.4	106.0	51.7	—	—	—	—	—	—	—	—	—	—	—	—	—
Right of Use Tangible Assets - Capital/Finance Lease - Net - Supplemental	5.2	25.3	46.2	76.8	108.4	106.0	51.7	—	—	—	—	—	—	—	—	—	—	—	—	—
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Net - Supplemental	3,150.5	3,140.2	2,934.5	2,708.8	3,067.9	2,270.1	1,792.3	1,895.3	—	—	—	—	—	—	—	—	—	—	—	—
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Gross - Supplemental	—	—	—	—	—	—	—	4,557.4	—	—	—	—	—	—	4,081.4	3,866.0	3,750.0	3,122.2	2,815.3	2,919.7
Finance and Operating Lease Liabilities - Total - Supplemental	0.2	15.7	39.6	76.3	100.2	97.1	44.2	43.2	18.4	0.0	—	—	—	0.0	6.6	6.4	34.0	67.1	94.0	114.6
Debt including Finance and Operating Lease Liabilities - Supplemental	1,189.3	1,157.2	1,715.7	2,129.3	1,652.4	1,545.1	725.5	43.2	18.4	0.0	0.0	460.0	807.6	713.8	1,153.6	1,321.1	1,318.6	694.3	832.4	606.0
Net Debt	943.9	855.0	1,434.4	1,930.7	1,411.3	1,359.9	490.4	(310.6)	(661.3)	(559.9)	(329.2)	239.0	652.3	665.4	1,111.8	1,296.9	1,298.7	674.7	793.5	564.3
Debt - Long-Term - Maturities - Total	—	—	—	—	—	—	—	—	—	—	0.0	283.8	473.0	288.9	563.8	1,167.8	1,001.7	396.9	—	—
Debt - Long-Term - Maturities - within 1 Year	—	—	—	—	—	—	—	—	—	—	0.0	200.0	187.8	152.2	262.7	381.1	150.8	111.4	—	—
Debt - Long-Term - Maturities - Year 5	—	—	—	—	—	—	—	—	—	—	0.0	83.8	285.1	136.7	301.0	786.7	851.0	285.5	—	—
Debt - Long-Term - Maturities - Remaining	—	—	—	—	—	—	—	—	—	—	0.0	0.0	0.0	—	0.0	0.0	0.0	0.0	—	—
Capital Lease Maturities - Total	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	6.6	42.1	73.5	113.3	146.0	179.6
Debt - Long-Term - Maturities - 4-5 Years	—	—	—	—	—	—	—	—	—	—	0.0	83.8	285.1	136.7	301.0	786.7	851.0	285.5	—	—
Capital Lease Maturities - Due within 1 Year	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	1.9	35.7	38.6	39.1	37.3	40.0
Debt - Long-Term - Maturities - Year 6 & Beyond	—	—	—	—	—	—	—	—	—	—	0.0	0.0	0.0	—	0.0	—	0.0	0.0	—	—
Capital Lease Maturities - Due in Year 5	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	4.6	6.4	34.8	74.2	108.7	139.6
Capital Lease Maturities - Due in 4-5 Years	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	4.6	6.4	34.8	74.2	108.7	139.6
Asset Accruals	9,267.6	7,711.8	7,579.6	7,119.3	6,800.2	5,941.0	4,705.4	4,889.6	4,742.3	4,345.5	3,740.7	4,025.4	3,716.7	3,295.2	3,248.2	3,075.5	3,075.7	2,554.1	2,159.8	1,954.9
Cash & Cash Equivalents - Total	245.3	252.2	281.2	198.7	141.2	85.3	117.7	164.4	472.8	457.4	328.9	220.5	155.4	48.4	41.8	24.2	19.7	19.5	37.5	41.7
Cash & Short Term Investments - Total	245.3	302.1	281.2	198.7	241.2	185.2	235.1	353.8	679.7	559.9	329.2	221.0	155.4	48.4	41.8	24.2	20.0	19.5	38.9	41.7
Debt - including Preferred Equity & Minority Interest - Total	1,189.3	1,157.2	1,715.7	2,129.3	1,652.4	1,545.1	725.5	43.2	18.4	0.0	0.0	460.0	807.6	713.8	1,153.6	1,321.1	1,318.6	694.3	832.4	606.0
Investments - Permanent	241.6	302.1	465.1	503.8	330.9	318.0	284.4	319.7	0.0	—	4.5	4.6	4.5	4.3	5.2	30.8	30.6	51.8	51.4	—
Net Book Capital	6,057.1	5,404.4	5,377.2	5,527.4	5,162.1	4,827.0	3,998.4	4,020.9	3,548.9	3,334.0	2,904.3	3,160.2	3,031.3	2,574.5	2,487.8	2,326.3	2,262.6	1,846.9	1,651.3	1,504.0
Net Operating Assets	6,057.1	5,404.4	5,377.2	5,527.4	5,162.1	4,827.0	3,998.4	4,020.9	3,548.9	3,334.0	2,904.3	3,160.2	3,031.3	2,574.5	2,487.8	2,326.3	2,262.6	1,846.9	1,651.3	1,504.0
Provisions - Total	301.2	253.3	65.7	0.0	33.9	0.0	33.4	355.9	341.9	378.0	403.9	436.8	245.1	118.0	25.8	119.4	138.6	196.3	180.3	220.3
Shareholders Equity - Common	5,113.2	4,549.4	3,942.8	3,596.8	3,750.8	3,467.1	3,508.0	4,331.6	4,210.2	3,893.8	3,233.5	2,921.2	2,379.0	1,909.1	1,376.1	1,029.3	963.9	1,172.2	857.8	939.8
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Accumulated Depreciation - Supplemental	—	—	—	—	—	—	—	2,662.1	—	—	—	—	—	—	—	—	—	—	—	—
Tangible Total Equity	5,100.9	4,536.7	3,942.8	3,596.8	3,750.8	3,467.1	3,508.0	4,331.6	4,210.2	3,893.8	3,233.5	2,921.2	2,379.0	1,909.1	1,376.1	1,029.3	963.9	1,172.2	857.8	939.8
Tangible Book Value	5,100.9	4,536.7	3,942.8	3,596.8	3,750.8	3,467.1	3,508.0	4,331.6	4,210.2	3,893.8	3,233.5	2,921.2	2,379.0	1,909.1	1,376.1	1,029.3	963.9	1,172.2	857.8	939.8
Total Book Capital	6,302.4	5,706.6	5,658.5	5,726.1	5,403.2	5,012.2	4,233.5	4,374.7	4,228.6	3,893.8	3,233.5	3,381.2	3,186.6	2,622.9	2,529.6	2,350.4	2,282.5	1,866.4	1,690.2	1,545.7
Total Capital	6,302.4	5,706.6	5,658.5	5,726.1	5,403.2	5,012.2	4,233.5	4,374.7	4,228.6	3,893.8	3,233.5	3,381.2	3,186.6	2,622.9	2,529.6	2,350.4	2,282.5	1,866.4	1,690.2	1,545.7
Total Long Term Capital	5,905.5	5,435.1	4,801.2	4,646.3	5,054.0	4,144.2	3,663.9	4,721.8	4,566.8	4,271.8	3,637.4	3,438.1	2,884.1	2,152.0	1,656.5	1,605.2	1,786.5	1,660.5	1,432.2	1,649.6
Unearned Revenue - Total	69.6	102.1	140.5	184.5	231.2	95.0	10.5	51.6	42.9	52.7	36.7	45.7	26.2	27.8	27.8	126.6	89.7	37.0	44.8	24.3
Book Value excluding Other Equity	4,563.2	3,999.4	3,392.8	3,046.8	3,200.8	2,917.1	2,958.0	3,781.6	3,660.2	3,343.8	2,683.5	2,371.2	1,829.0	1,359.1	1,326.1	979.3	913.9	1,122.2	807.8	889.8
Income Taxes - Payable - Long-Term & Short-Term	0.0	21.4	0.0	—	—	—	—	3.2	4.1	1.4	15.8	—	36.6	1.8	2.4	2.9	1.5	2.4	0.6	0.5
Accruals - Short-Term	2,230.0	1,688.7	1,051.7	1,026.1	1,386.5	1,323.0	1,400.8	2,272.3	2,074.6	1,964.6	1,429.2	1,244.6	737.9	32.2	(546.7)	(621.5)	(415.8)	81.1	132.8	320.6
Cash & Short Term Investments - Net of Debt	(943.9)	(855.0)	(1,434.4)	(1,930.7)	(1,411.3)	(1,359.9)	(490.4)	310.6	661.3	559.9	329.2	(239.0)	(652.3)	(665.4)	(1,111.8)	(1,296.9)	(1,298.7)	(674.7)	(793.5)	(564.3)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments	192.7	210.0	289.6	266.3	212.3	173.1	42.9	8.8	3.6	0.0	0.0	180.0	140.0	125.0	203.9	235.7	107.9	103.0	99.8	100.4
Total Fixed Assets - Net	3,427.0	3,491.2	3,455.9	3,413.1	3,517.5	2,729.3	2,134.7	2,272.6	2,004.8	1,831.6	1,872.2	1,965.7	1,969.6	2,056.0	2,142.7	2,194.1	2,155.2	1,529.0	1,229.6	1,201.7
Working Capital	2,475.3	1,940.9	1,332.9	1,224.7	1,527.8	1,408.2	1,518.5	2,436.6	2,547.4	2,422.0	1,758.2	1,465.1	893.3	80.6	(504.9)	(597.4)	(396.0)	100.7	170.3	362.3
Interest Bearing Liabilities - Total	1,189.3	1,157.2	1,715.7	2,129.3	1,652.4	1,545.1	725.5	43.2	18.4	0.0	0.0	460.0	807.6	713.8	1,153.6	1,321.1	1,318.6	694.3	832.4	606.0
Working Capital - Non-Cash	2,230.0	1,638.8	1,051.7	1,026.1	1,286.6	1,223.0	1,283.4	2,082.8	1,867.7	1,862.1	1,429.0	1,244.1	737.9	32.2	(546.7)	(621.5)	(416.0)	81.1	131.4	320.6
Working Capital excluding Other Current Assets & Liabilities	2,507.8	1,980.3	1,410.1	1,323.0	1,592.6	1,420.9	1,532.8	2,510.9	2,613.2	2,495.6	1,806.5	1,538.0	958.4	152.5	(342.1)	(298.1)	(81.8)	428.0	348.9	431.0
Net Debt Including Preferred Equity & Minority Interest	943.9	855.0	1,434.4	1,930.7	1,411.3	1,359.9	490.4	(310.6)	(661.3)	(559.9)	(329.2)	239.0	652.3	665.4	1,111.8	1,296.9	1,298.7	674.7	793.5	564.3
Other Short-Term & Long-Term Assets - Total	17.5	10.9	10.1	123.7	10.3	35.1	6.3	6.5	6.8	6.5	0.0	0.0	0.0	0.0	0.0	—	—	—	—	—
Other Short-Term & Long-Term Liabilities - Total	32.5	39.3	77.2	98.2	64.8	12.7	14.3	85.3	76.8	84.6	59.4	84.0	76.1	82.9	173.8	299.3	314.2	327.3	178.6	68.7
Total Current Assets excluding Total Inventories	1,442.3	995.3	918.0	595.0	519.6	629.2	600.6	747.2	1,005.8	738.9	366.2	375.1	303.5	95.7	120.7	73.8	159.9	126.1	211.2	152.4
Tangible Book Value excluding Other Equity	4,550.9	3,986.7	3,392.8	3,046.8	3,200.8	2,917.1	2,958.0	3,781.6	3,660.2	3,343.8	2,683.5	2,371.2	1,829.0	1,359.1	1,326.1	979.3	913.9	1,122.2	807.8	889.8
Total Debt Excluding Islamic	1,189.3	1,157.2	1,715.7	2,129.3	1,652.4	1,545.1	725.5	43.2	18.4	0.0	0.0	460.0	807.6	713.8	1,153.6	1,321.1	1,318.6	694.3	832.4	606.0
Trade Accounts & Trade Notes Receivable - Net - Total	637.9	569.6	478.8	146.7	75.2	43.8	24.9	68.0	75.4	16.1	12.6	13.5	16.5	15.1	25.7	18.7	10.9	65.6	71.7	18.9
Provision for Doubtful Accounts & Notes Receivable - Total	—	—	—	—	—	—	—	5.0	5.0	5.0	—	—	—	—	—	—	—	—	—	—
Current Liabilities excluding Current Debt - Total	2,868.9	1,937.4	2,046.9	1,459.9	1,328.6	925.8	556.4	335.9	659.2	549.3	439.3	435.1	461.5	618.1	753.3	638.3	701.6	541.8	359.0	316.3
Cash in Hand & with Banks - Total	245.3	252.2	281.2	198.7	141.2	85.3	117.7	164.4	472.8	457.4	328.9	220.5	155.4	48.4	41.8	24.2	19.7	19.5	37.5	41.7
Current Assets excluding Cash & Short Term Investments - Total	5,840.5	4,170.7	4,123.7	3,706.2	3,182.8	3,111.8	2,453.3	2,427.6	2,530.6	2,411.4	1,868.3	2,059.1	1,747.1	1,239.1	1,105.5	881.4	920.2	1,025.1	928.7	753.2
Cash, Short Term Investments & Accounts Receivable - Total	883.2	871.8	760.0	345.4	316.4	229.0	260.0	421.8	755.1	576.0	341.8	234.5	171.9	63.6	67.5	42.9	30.8	85.1	110.6	60.6

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