Gammon Pakistan Limited (GAMON) quarterly balance sheet

At the end of Q4 FY2026 (Apr – Jun 2026) Gammon Pakistan Limited had total assets of Rs 1.1 bn, down 1.2% on Q4 FY2025. Current assets of Rs 247.1 mn covered current liabilities of Rs 225.7 mn 1.09 times. Shareholders' equity was Rs 774.1 mn, 72.1% of total assets.

GAMON balance sheet (quarterly) (Rs mn)
Rs mn	Q4 FY2026 Apr – Jun 2026	Q3 FY2026 Jan – Mar 2026	Q2 FY2026 Oct – Dec 2025	Q1 FY2026 Jul – Sep 2025	Q4 FY2025 Apr – Jun 2025	Q3 FY2025 Jan – Mar 2025	Q2 FY2025 Oct – Dec 2024	Q1 FY2025 Jul – Sep 2024	Q4 FY2024 Apr – Jun 2024	Q3 FY2024 Jan – Mar 2024	Q2 FY2024 Oct – Dec 2023	Q1 FY2024 Jul – Sep 2023	Q4 FY2023 Apr – Jun 2023	Q3 FY2023 Jan – Mar 2023	Q2 FY2023 Oct – Dec 2022	Q1 FY2023 Jul – Sep 2022	Q4 FY2022 Apr – Jun 2022	Q3 FY2022 Jan – Mar 2022	Q2 FY2022 Oct – Dec 2021	Q1 FY2022 Jul – Sep 2021
Assets
Cash & short-term investments	5.2	1.4	2.5	1.8	45.7	1.0	2.0	2.6	3.3	3.6	1.0	1.9	2.1	9.0	3.5	1.5	2.2	1.7	1.4	1.4
Trade receivables	13.9	30.3	30.3	37.5	44.5	45.1	45.1	45.1	45.1	45.1	45.1	46.0	45.1	44.4	46.3	45.9	45.9	45.9	46.2	41.0
Inventories	17.3	7.9	7.9	12.4	24.0	12.4	12.3	12.3	21.5	12.3	12.3	12.3	12.3	12.3	12.3	12.3	16.2	13.2	13.0	15.6
Other current assets	0.0	—	(0.0)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	247.1	316.1	305.5	308.0	317.8	296.1	258.2	244.9	251.8	267.9	259.1	257.3	253.6	260.9	271.6	266.6	245.7	297.6	289.9	277.8
Property, plant & equipment	441.1	124.2	125.2	127.1	396.9	263.3	263.6	263.9	519.7	298.9	299.3	299.7	300.2	297.8	298.1	298.6	309.1	292.0	292.5	292.7
Long-term investments	368.3	554.7	554.7	554.7	365.3	547.0	547.0	547.0	357.6	480.3	481.6	481.6	481.6	479.3	479.3	479.3	478.8	470.3	470.3	469.8
Other non-current assets	17.7	1.4	1.4	1.4	7.2	12.3	12.3	14.6	20.8	3.6	1.2	1.2	1.2	1.9	1.9	1.9	8.8	1.9	1.6	1.6
Total non-current assets	827.1	680.2	681.2	683.1	769.5	822.6	822.8	825.5	898.2	782.9	782.1	782.5	783.0	778.9	779.2	779.7	796.7	764.2	764.4	764.1
Total assets	1,074.2	996.4	986.7	991.1	1,087.2	1,118.7	1,081.0	1,070.4	1,150.0	1,050.8	1,041.2	1,039.8	1,036.6	1,039.8	1,050.8	1,046.3	1,042.4	1,061.8	1,054.2	1,041.9
Liabilities
Trade payables	191.6	160.6	154.0	166.0	193.2	241.7	196.2	183.6	203.5	180.2	168.6	168.3	163.9	178.0	191.7	184.7	191.0	204.3	195.9	181.8
Total current liabilities	225.7	192.1	185.5	197.5	227.2	273.2	227.7	215.1	238.4	211.7	200.1	199.8	195.4	209.5	223.2	216.2	222.5	235.8	227.5	213.3
Other non-current liabilities	4.6	4.4	4.4	4.6	4.6	5.8	6.1	6.2	6.4	7.1	7.1	7.2	7.6	7.6	8.0	8.0	8.1	8.1	8.1	8.0
Total non-current liabilities	4.6	19.8	19.8	14.2	14.2	5.8	6.1	6.2	6.4	36.4	36.4	36.6	36.9	40.9	41.3	41.4	42.3	39.5	39.4	39.4
Total liabilities	230.3	211.8	205.3	211.6	241.4	279.0	233.8	221.3	244.8	248.0	236.5	236.4	232.2	250.4	264.5	257.6	264.8	275.3	267.0	252.6
Equity
Share capital	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7
Reserves & retained earnings	476.1	486.5	483.4	481.5	469.7	541.6	549.1	551.0	529.1	504.7	506.6	505.4	506.3	491.4	488.3	490.7	480.1	488.5	489.2	491.2
Equity attributable to shareholders	774.1	784.5	781.4	779.5	767.7	839.7	847.2	849.1	827.2	802.8	804.7	803.4	804.4	789.4	786.4	788.7	778.2	786.5	787.3	789.2
Non-controlling interest	69.8	0.0	0.0	0.0	78.1	0.0	0.0	0.0	78.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	(0.6)	0.0	0.0	0.0
Total equity	843.9	784.5	781.4	779.5	845.8	839.7	847.2	849.1	905.2	802.8	804.7	803.4	804.4	789.4	786.4	788.7	777.6	786.5	787.3	789.2
Total liabilities & equity	1,074.2	996.4	986.7	991.1	1,087.2	1,118.7	1,081.0	1,070.4	1,150.0	1,050.8	1,041.2	1,039.8	1,036.6	1,039.8	1,050.8	1,046.3	1,042.4	1,061.8	1,054.2	1,041.9
Key figures
Net debt / (net cash)	(5.2)	(1.4)	(2.5)	(1.8)	(45.7)	(1.0)	(2.0)	(2.6)	(3.3)	(3.6)	(1.0)	(1.9)	(2.1)	(9.0)	(3.5)	(1.5)	(2.2)	(1.7)	(1.4)	(1.4)
Shares outstanding mn	—	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3
Common equity	774.1	784.5	781.4	779.5	767.7	839.7	847.2	849.1	827.2	802.8	804.7	803.4	804.4	789.4	786.4	788.7	778.2	786.5	787.3	789.2
Book value per share (Rs) Rs	—	27.75	27.65	27.58	27.16	29.71	29.97	30.04	29.26	28.40	28.47	28.42	28.46	27.93	27.82	27.90	27.53	27.82	27.85	27.92

GAMON balance sheet — year-on-year change (Rs mn)
Rs mn	Q4 FY2026 Apr – Jun 2026	Q3 FY2026 Jan – Mar 2026	Q2 FY2026 Oct – Dec 2025	Q1 FY2026 Jul – Sep 2025	Q4 FY2025 Apr – Jun 2025	Q3 FY2025 Jan – Mar 2025	Q2 FY2025 Oct – Dec 2024	Q1 FY2025 Jul – Sep 2024	Q4 FY2024 Apr – Jun 2024	Q3 FY2024 Jan – Mar 2024	Q2 FY2024 Oct – Dec 2023	Q1 FY2024 Jul – Sep 2023	Q4 FY2023 Apr – Jun 2023	Q3 FY2023 Jan – Mar 2023	Q2 FY2023 Oct – Dec 2022	Q1 FY2023 Jul – Sep 2022	Q4 FY2022 Apr – Jun 2022	Q3 FY2022 Jan – Mar 2022	Q2 FY2022 Oct – Dec 2021	Q1 FY2022 Jul – Sep 2021
Assets
Cash & short-term investments	-88.6%	+43.0%	+24.3%	-28.3%	+1,279.6%	-72.6%	+110.2%	+35.6%	+56.3%	-60.5%	-72.4%	+21.8%	-2.2%	+418.7%	+143.5%	+10.4%	-61.6%	+37.9%	-95.9%	+54.4%
Trade receivables	-68.8%	-32.7%	-32.7%	-16.8%	-1.3%	0.0%	0.0%	-2.0%	0.0%	+1.5%	-2.7%	+0.2%	-1.9%	-3.4%	+0.2%	+12.1%	-7.1%	-39.7%	-45.5%	-51.9%
Inventories	-27.6%	-35.7%	-35.8%	+0.1%	+11.3%	+0.4%	+0.5%	+0.5%	+75.5%	+0.3%	+0.2%	+0.1%	-24.4%	-6.9%	-5.4%	-21.1%	+7.9%	-47.3%	-48.3%	-36.8%
Other current assets	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	-22.2%	+6.8%	+18.4%	+25.8%	+26.2%	+10.5%	-0.4%	-4.8%	-0.7%	+2.7%	-4.6%	-3.5%	+3.2%	-12.3%	-6.3%	-4.0%	-15.9%	-8.1%	-18.8%	-12.0%
Property, plant & equipment	+11.1%	-52.8%	-52.5%	-51.8%	-23.6%	-11.9%	-11.9%	-11.9%	+73.1%	+0.4%	+0.4%	+0.4%	-2.9%	+2.0%	+1.9%	+2.0%	+5.5%	+2.2%	+2.0%	+1.8%
Long-term investments	+0.8%	+1.4%	+1.4%	+1.4%	+2.2%	+13.9%	+13.6%	+13.6%	-25.7%	+0.2%	+0.5%	+0.5%	+0.6%	+1.9%	+1.9%	+2.0%	+1.9%	+5.3%	+5.3%	+5.2%
Other non-current assets	+146.7%	-89.0%	-89.0%	-90.8%	-65.5%	+240.3%	+920.5%	+1,117.4%	+1,633.5%	+93.2%	-35.6%	-35.6%	-86.3%	+0.2%	+18.6%	+18.6%	+459.3%	-93.3%	-15.6%	-15.6%
Total non-current assets	+7.5%	-17.3%	-17.2%	-17.2%	-14.3%	+5.1%	+5.2%	+5.5%	+14.7%	+0.5%	+0.4%	+0.4%	-1.7%	+1.9%	+1.9%	+2.0%	+4.2%	+0.5%	+4.0%	+3.8%
Total assets	-1.2%	-10.9%	-8.7%	-7.4%	-5.5%	+6.5%	+3.8%	+2.9%	+10.9%	+1.1%	-0.9%	-0.6%	-0.6%	-2.1%	-0.3%	+0.4%	-1.4%	-2.1%	-3.5%	-0.9%
Liabilities
Trade payables	-0.8%	-33.6%	-21.5%	-9.6%	-5.1%	+34.2%	+16.4%	+9.1%	+24.2%	+1.2%	-12.0%	-8.9%	-14.2%	-12.9%	-2.1%	+1.6%	+5.5%	-10.1%	-14.9%	-7.2%
Total current liabilities	-0.6%	-29.7%	-18.5%	-8.2%	-4.7%	+29.1%	+13.8%	+7.6%	+22.0%	+1.0%	-10.3%	-7.6%	-12.2%	-11.2%	-1.9%	+1.4%	-1.1%	-8.8%	-13.0%	-6.2%
Other non-current liabilities	-1.6%	-23.5%	-27.3%	-26.2%	-27.5%	-18.8%	-15.0%	-14.5%	-15.2%	-6.0%	-10.4%	-10.1%	-7.1%	-7.1%	-1.3%	+0.3%	+1.6%	+5.0%	-7.9%	-7.9%
Total non-current liabilities	-67.9%	+243.1%	+226.2%	+129.1%	+122.5%	-84.2%	-83.4%	-83.1%	-82.6%	-11.1%	-11.9%	-11.7%	-12.7%	+3.6%	+4.8%	+5.2%	+7.4%	+5.9%	+2.7%	+2.1%
Total liabilities	-4.6%	-24.1%	-12.2%	-4.4%	-1.4%	+12.5%	-1.2%	-6.4%	+5.4%	-0.9%	-10.6%	-8.2%	-12.3%	-9.0%	-0.9%	+2.0%	+0.2%	-7.0%	-11.0%	-5.0%
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	+1.4%	-10.2%	-12.0%	-12.6%	-11.2%	+7.3%	+8.4%	+9.0%	+4.5%	+2.7%	+3.7%	+3.0%	+5.5%	+0.6%	-0.2%	-0.1%	-2.9%	-0.3%	-1.0%	+0.7%
Equity attributable to shareholders	+0.8%	-6.6%	-7.8%	-8.2%	-7.2%	+4.6%	+5.3%	+5.7%	+2.8%	+1.7%	+2.3%	+1.9%	+3.4%	+0.4%	-0.1%	-0.1%	-1.8%	-0.2%	-0.6%	+0.4%
Non-controlling interest	-10.6%	—	—	—	-0.0%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total equity	-0.2%	-6.6%	-7.8%	-8.2%	-6.6%	+4.6%	+5.3%	+5.7%	+12.5%	+1.7%	+2.3%	+1.9%	+3.4%	+0.4%	-0.1%	-0.1%	-1.9%	-0.2%	-0.6%	+0.4%
Total liabilities & equity	-1.2%	-10.9%	-8.7%	-7.4%	-5.5%	+6.5%	+3.8%	+2.9%	+10.9%	+1.1%	-0.9%	-0.6%	-0.6%	-2.1%	-0.3%	+0.4%	-1.4%	-2.1%	-3.5%	-0.9%
Key figures
Net debt / (net cash)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Shares outstanding	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Common equity	+0.8%	-6.6%	-7.8%	-8.2%	-7.2%	+4.6%	+5.3%	+5.7%	+2.8%	+1.7%	+2.3%	+1.9%	+3.4%	+0.4%	-0.1%	-0.1%	-1.8%	-0.2%	-0.6%	+0.4%
Book value per share (Rs)	—	-6.6%	-7.8%	-8.2%	-7.2%	+4.6%	+5.3%	+5.7%	+2.8%	+1.7%	+2.3%	+1.9%	+3.4%	+0.4%	-0.1%	-0.1%	-1.8%	-0.2%	-0.6%	+0.4%

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

GAMON balance sheet — common size (Rs mn)
Rs mn	Q4 FY2026 Apr – Jun 2026	Q3 FY2026 Jan – Mar 2026	Q2 FY2026 Oct – Dec 2025	Q1 FY2026 Jul – Sep 2025	Q4 FY2025 Apr – Jun 2025	Q3 FY2025 Jan – Mar 2025	Q2 FY2025 Oct – Dec 2024	Q1 FY2025 Jul – Sep 2024	Q4 FY2024 Apr – Jun 2024	Q3 FY2024 Jan – Mar 2024	Q2 FY2024 Oct – Dec 2023	Q1 FY2024 Jul – Sep 2023	Q4 FY2023 Apr – Jun 2023	Q3 FY2023 Jan – Mar 2023	Q2 FY2023 Oct – Dec 2022	Q1 FY2023 Jul – Sep 2022	Q4 FY2022 Apr – Jun 2022	Q3 FY2022 Jan – Mar 2022	Q2 FY2022 Oct – Dec 2021	Q1 FY2022 Jul – Sep 2021
Assets
Cash & short-term investments	0.5%	0.1%	0.3%	0.2%	4.2%	0.1%	0.2%	0.2%	0.3%	0.3%	0.1%	0.2%	0.2%	0.9%	0.3%	0.1%	0.2%	0.2%	0.1%	0.1%
Trade receivables	1.3%	3.0%	3.1%	3.8%	4.1%	4.0%	4.2%	4.2%	3.9%	4.3%	4.3%	4.4%	4.3%	4.3%	4.4%	4.4%	4.4%	4.3%	4.4%	3.9%
Inventories	1.6%	0.8%	0.8%	1.2%	2.2%	1.1%	1.1%	1.2%	1.9%	1.2%	1.2%	1.2%	1.2%	1.2%	1.2%	1.2%	1.6%	1.2%	1.2%	1.5%
Other current assets	0.0%	—	(0.0%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	23.0%	31.7%	31.0%	31.1%	29.2%	26.5%	23.9%	22.9%	21.9%	25.5%	24.9%	24.7%	24.5%	25.1%	25.8%	25.5%	23.6%	28.0%	27.5%	26.7%
Property, plant & equipment	41.1%	12.5%	12.7%	12.8%	36.5%	23.5%	24.4%	24.7%	45.2%	28.4%	28.7%	28.8%	29.0%	28.6%	28.4%	28.5%	29.7%	27.5%	27.7%	28.1%
Long-term investments	34.3%	55.7%	56.2%	56.0%	33.6%	48.9%	50.6%	51.1%	31.1%	45.7%	46.3%	46.3%	46.5%	46.1%	45.6%	45.8%	45.9%	44.3%	44.6%	45.1%
Other non-current assets	1.6%	0.1%	0.1%	0.1%	0.7%	1.1%	1.1%	1.4%	1.8%	0.3%	0.1%	0.1%	0.1%	0.2%	0.2%	0.2%	0.8%	0.2%	0.1%	0.2%
Total non-current assets	77.0%	68.3%	69.0%	68.9%	70.8%	73.5%	76.1%	77.1%	78.1%	74.5%	75.1%	75.3%	75.5%	74.9%	74.2%	74.5%	76.4%	72.0%	72.5%	73.3%
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	17.8%	16.1%	15.6%	16.7%	17.8%	21.6%	18.2%	17.2%	17.7%	17.1%	16.2%	16.2%	15.8%	17.1%	18.2%	17.7%	18.3%	19.2%	18.6%	17.4%
Total current liabilities	21.0%	19.3%	18.8%	19.9%	20.9%	24.4%	21.1%	20.1%	20.7%	20.1%	19.2%	19.2%	18.8%	20.1%	21.2%	20.7%	21.3%	22.2%	21.6%	20.5%
Other non-current liabilities	0.4%	0.4%	0.4%	0.5%	0.4%	0.5%	0.6%	0.6%	0.6%	0.7%	0.7%	0.7%	0.7%	0.7%	0.8%	0.8%	0.8%	0.8%	0.8%	0.8%
Total non-current liabilities	0.4%	2.0%	2.0%	1.4%	1.3%	0.5%	0.6%	0.6%	0.6%	3.5%	3.5%	3.5%	3.6%	3.9%	3.9%	4.0%	4.1%	3.7%	3.7%	3.8%
Total liabilities	21.4%	21.3%	20.8%	21.4%	22.2%	24.9%	21.6%	20.7%	21.3%	23.6%	22.7%	22.7%	22.4%	24.1%	25.2%	24.6%	25.4%	25.9%	25.3%	24.2%
Equity
Share capital	26.3%	28.4%	28.6%	28.5%	26.0%	25.3%	26.1%	26.4%	24.6%	26.9%	27.1%	27.2%	27.3%	27.2%	26.9%	27.0%	27.1%	26.6%	26.8%	27.1%
Reserves & retained earnings	44.3%	48.8%	49.0%	48.6%	43.2%	48.4%	50.8%	51.5%	46.0%	48.0%	48.7%	48.6%	48.8%	47.3%	46.5%	46.9%	46.1%	46.0%	46.4%	47.1%
Equity attributable to shareholders	72.1%	78.7%	79.2%	78.6%	70.6%	75.1%	78.4%	79.3%	71.9%	76.4%	77.3%	77.3%	77.6%	75.9%	74.8%	75.4%	74.7%	74.1%	74.7%	75.8%
Non-controlling interest	6.5%	0.0%	0.0%	0.0%	7.2%	0.0%	0.0%	0.0%	6.8%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	(0.1%)	0.0%	0.0%	0.0%
Total equity	78.6%	78.7%	79.2%	78.6%	77.8%	75.1%	78.4%	79.3%	78.7%	76.4%	77.3%	77.3%	77.6%	75.9%	74.8%	75.4%	74.6%	74.1%	74.7%	75.8%
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
Net debt / (net cash)	(0.5%)	(0.1%)	(0.3%)	(0.2%)	(4.2%)	(0.1%)	(0.2%)	(0.2%)	(0.3%)	(0.3%)	(0.1%)	(0.2%)	(0.2%)	(0.9%)	(0.3%)	(0.1%)	(0.2%)	(0.2%)	(0.1%)	(0.1%)
Common equity	72.1%	78.7%	79.2%	78.6%	70.6%	75.1%	78.4%	79.3%	71.9%	76.4%	77.3%	77.3%	77.6%	75.9%	74.8%	75.4%	74.7%	74.1%	74.7%	75.8%

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 102

GAMON balance sheet — all reported line items (Rs mn)
Rs mn	Q4 FY2026 Apr – Jun 2026	Q3 FY2026 Jan – Mar 2026	Q2 FY2026 Oct – Dec 2025	Q1 FY2026 Jul – Sep 2025	Q4 FY2025 Apr – Jun 2025	Q3 FY2025 Jan – Mar 2025	Q2 FY2025 Oct – Dec 2024	Q1 FY2025 Jul – Sep 2024	Q4 FY2024 Apr – Jun 2024	Q3 FY2024 Jan – Mar 2024	Q2 FY2024 Oct – Dec 2023	Q1 FY2024 Jul – Sep 2023	Q4 FY2023 Apr – Jun 2023	Q3 FY2023 Jan – Mar 2023	Q2 FY2023 Oct – Dec 2022	Q1 FY2023 Jul – Sep 2022	Q4 FY2022 Apr – Jun 2022	Q3 FY2022 Jan – Mar 2022	Q2 FY2022 Oct – Dec 2021	Q1 FY2022 Jul – Sep 2021
Cash & Cash Equivalents	5.2	1.4	2.5	1.8	45.7	1.0	2.0	2.6	3.3	3.6	1.0	1.9	2.1	9.0	3.5	1.5	2.2	1.7	1.4	1.4
Cash & Short Term Investments	5.2	1.4	2.5	1.8	45.7	1.0	2.0	2.6	3.3	3.6	1.0	1.9	2.1	9.0	3.5	1.5	2.2	1.7	1.4	1.4
Loans & Receivables - Net - Short-Term	224.5	306.8	295.1	293.8	248.1	282.8	243.8	229.9	227.0	252.1	245.9	243.1	239.2	239.5	255.7	252.6	226.9	282.2	275.4	260.6
Loans & Receivables - Total	224.5	306.8	295.1	293.8	248.1	282.8	243.8	229.9	227.0	252.1	245.9	243.1	239.2	239.5	255.7	252.6	226.9	282.2	275.4	260.6
Trade Accounts & Trade Notes Receivable - Net	13.9	30.3	30.3	37.5	44.5	45.1	45.1	45.1	45.1	45.1	45.1	46.0	45.1	44.4	46.3	45.9	45.9	45.9	46.2	41.0
Loans - Short-Term	19.3	93.1	84.0	80.0	19.1	70.8	36.0	22.1	18.1	46.3	39.1	39.0	37.8	39.2	55.3	53.7	29.2	48.7	38.9	24.4
Income Tax - Receivables - Short-Term	113.1	110.7	109.1	103.1	103.3	98.0	97.1	95.6	94.7	93.8	92.2	90.6	90.5	87.0	84.8	86.3	85.4	85.3	86.3	86.5
Receivables - Other - Total	78.3	72.7	71.7	73.3	81.2	68.9	65.7	67.1	69.1	66.8	69.5	67.5	65.8	69.0	69.2	66.7	66.4	102.2	104.0	108.8
Inventories - Total	17.3	7.9	7.9	12.4	24.0	12.4	12.3	12.3	21.5	12.3	12.3	12.3	12.3	12.3	12.3	12.3	16.2	13.2	13.0	15.6
Prepaid Expenses - Short-Term	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	0.2	0.2	0.3	0.5	0.1	0.2
Investments - Total	368.3	554.7	554.7	554.7	365.3	547.0	547.0	547.0	357.6	480.3	481.6	481.6	481.6	479.3	479.3	479.3	478.8	470.3	470.3	469.8
Other Current Assets - Total	0.0	—	(0.0)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Property, Plant & Equipment - Net - Total	441.1	124.2	125.2	127.1	396.9	263.3	263.6	263.9	519.7	298.9	299.3	299.7	300.2	297.8	298.1	298.6	309.1	292.0	292.5	292.7
Other Current Assets	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Assets - Total	17.7	1.4	1.4	1.4	7.2	12.3	12.3	14.6	20.8	3.6	1.2	1.2	1.2	1.9	1.9	1.9	8.8	1.9	1.6	1.6
Total Current Assets	247.1	316.1	305.5	308.0	317.8	296.1	258.2	244.9	251.8	267.9	259.1	257.3	253.6	260.9	271.6	266.6	245.7	297.6	289.9	277.8
Investments - Long-Term	368.3	554.7	554.7	554.7	365.3	547.0	547.0	547.0	357.6	480.3	481.6	481.6	481.6	479.3	479.3	479.3	478.8	470.3	470.3	469.8
Investment Property - Net	368.3	365.3	365.3	365.3	365.3	357.6	357.6	357.6	357.6	479.8	479.8	479.8	479.8	477.5	477.5	477.5	477.5	468.5	468.5	468.5
Investments - Available for Sale/Held to Maturity - Long-Term	—	189.3	189.3	189.3	—	189.3	189.3	189.3	0.0	0.5	1.8	1.8	1.8	1.8	1.8	1.8	1.3	1.8	1.8	1.3
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total	441.1	—	—	—	396.9	—	—	—	519.7	—	—	—	—	—	—	—	—	—	—	—
Construction in Progress - Net	66.2	—	—	—	18.3	—	—	—	3.4	—	—	—	—	—	—	—	—	—	—	—
Property, Plant & Equipment - Other - Net	374.9	—	—	—	378.7	—	—	—	516.3	—	—	—	—	—	—	—	—	—	—	—
Total Assets	1,074.2	996.4	986.7	991.1	1,087.2	1,118.7	1,081.0	1,070.4	1,150.0	1,050.8	1,041.2	1,039.8	1,036.6	1,039.8	1,050.8	1,046.3	1,042.4	1,061.8	1,054.2	1,041.9
Other Non-Current Assets - Total	17.7	1.4	1.4	1.4	7.2	12.3	12.3	14.6	20.8	3.6	1.2	1.2	1.2	1.9	1.9	1.9	8.8	1.9	1.6	1.6
Dividends Payable	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4
Deferred Tax - Asset - Long-Term	10.9	—	—	—	0.0	10.9	10.9	10.9	10.9	—	—	—	—	—	—	—	—	—	—	—
Deferred Tax & Investment Tax Credits - Long-Term	0.0	15.4	15.4	9.6	9.6	—	—	0.0	0.0	29.3	29.3	29.3	29.3	33.4	33.4	33.4	34.1	31.4	31.4	31.4
Deferred Tax - Liability - Long-Term	0.0	15.4	15.4	9.6	9.6	—	—	0.0	0.0	29.3	29.3	29.3	29.3	33.4	33.4	33.4	34.1	31.4	31.4	31.4
Payables & Accrued Expenses	191.6	160.6	154.0	166.0	193.2	241.7	196.2	183.6	203.5	180.2	168.6	168.3	163.9	178.0	191.7	184.7	191.0	204.3	195.9	181.8
Trade Account Payables - Total	191.6	160.6	154.0	166.0	193.2	241.7	196.2	183.6	203.5	180.2	168.6	168.3	163.9	178.0	191.7	184.7	191.0	204.3	195.9	181.8
Other Non-Current Assets	6.8	1.4	1.4	1.4	7.2	1.4	1.4	3.8	9.9	3.6	1.2	1.2	1.2	1.9	1.9	1.9	8.8	1.9	1.6	1.6
Total Liabilities	230.3	211.8	205.3	211.6	241.4	279.0	233.8	221.3	244.8	248.0	236.5	236.4	232.2	250.4	264.5	257.6	264.8	275.3	267.0	252.6
Shareholders' Equity - Attributable to Parent Shareholders - Total	774.1	784.5	781.4	779.5	767.7	839.7	847.2	849.1	827.2	802.8	804.7	803.4	804.4	789.4	786.4	788.7	778.2	786.5	787.3	789.2
Total Non-Current Assets	827.1	680.2	681.2	683.1	769.5	822.6	822.8	825.5	898.2	782.9	782.1	782.5	783.0	778.9	779.2	779.7	796.7	764.2	764.4	764.1
Common Equity Attributable to Parent Shareholders	774.1	784.5	781.4	779.5	767.7	839.7	847.2	849.1	827.2	802.8	804.7	803.4	804.4	789.4	786.4	788.7	778.2	786.5	787.3	789.2
Common Equity - Contributed	298.0	298.0	298.0	298.0	298.0	298.0	298.0	298.0	298.0	298.0	298.0	298.0	298.0	298.0	298.0	298.0	298.0	298.0	298.0	298.0
Common Stock - Issued & Paid	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7	282.7
Equity - Non-Contributed - Reserves & Retained Earnings	476.1	486.5	483.4	481.5	469.7	541.6	549.1	551.0	529.1	504.7	506.6	505.4	506.3	491.4	488.3	490.7	480.1	488.5	489.2	491.2
Retained Earnings - Total	351.9	377.0	373.3	370.6	351.4	159.9	167.4	168.9	145.5	76.5	78.3	76.8	77.5	63.7	62.1	64.2	53.3	69.3	69.8	71.4
Trade Accounts Payable & Accruals - Short-Term	191.6	160.6	154.0	166.0	193.2	241.7	196.2	183.6	203.5	180.2	168.6	168.3	163.9	178.0	191.7	184.7	191.0	204.3	195.9	181.8
Comprehensive Income - Accumulated - Total	124.2	109.5	110.1	110.8	118.2	381.7	381.8	382.1	383.6	428.2	428.3	428.6	428.8	427.7	426.2	426.5	426.8	419.2	419.5	419.8
Trade Accounts & Trade Notes Payable - Short-Term	191.6	160.6	154.0	166.0	193.2	241.7	196.2	183.6	203.5	180.2	168.6	168.3	163.9	178.0	191.7	184.7	191.0	204.3	195.9	181.8
Other Reserves/Equity - Total	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Income Taxes - Payable - Short-Term	2.6	—	—	—	2.5	—	—	—	3.4	—	—	—	—	—	—	—	—	—	0.2	—
Dividends/Distributions Payable	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4
Other Current Liabilities - Total	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1
Common Equity - Total	774.1	784.5	781.4	779.5	767.7	839.7	847.2	849.1	827.2	802.8	804.7	803.4	804.4	789.4	786.4	788.7	778.2	786.5	787.3	789.2
Common Stock - Additional Paid in Capital including Option Reserve	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4
Minority Interest - Equity	69.8	—	—	—	78.1	—	—	—	78.1	—	—	—	—	—	—	—	(0.6)	—	—	—
Total Shareholders' Equity - including Minority Interest & Hybrid Debt	843.9	784.5	781.4	779.5	845.8	839.7	847.2	849.1	905.2	802.8	804.7	803.4	804.4	789.4	786.4	788.7	777.6	786.5	787.3	789.2
Total Liabilities & Equity	1,074.2	996.4	986.7	991.1	1,087.2	1,118.7	1,081.0	1,070.4	1,150.0	1,050.8	1,041.2	1,039.8	1,036.6	1,039.8	1,050.8	1,046.3	1,042.4	1,061.8	1,054.2	1,041.9
Provisions - Short-Term	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	—	0.0	0.0
Other Current Liabilities	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1
Revaluation Reserves	124.2	109.5	110.1	110.8	118.2	381.7	381.8	382.1	383.6	428.2	428.3	428.6	428.8	427.7	426.2	426.5	426.8	419.2	419.5	419.8
Total Current Liabilities	225.7	192.1	185.5	197.5	227.2	273.2	227.7	215.1	238.4	211.7	200.1	199.8	195.4	209.5	223.2	216.2	222.5	235.8	227.5	213.3
Other Non-Current Liabilities - Total	4.6	4.4	4.4	4.6	4.6	5.8	6.1	6.2	6.4	7.1	7.1	7.2	7.6	7.6	8.0	8.0	8.1	8.1	8.1	8.0
Deferred Revenue - Long-Term	4.6	4.4	4.4	4.6	4.6	5.8	6.1	6.2	6.4	7.1	7.1	7.2	7.6	7.6	8.0	8.0	8.1	8.1	8.1	8.0
Other Non-Current Liabilities	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Non-Current Liabilities	4.6	19.8	19.8	14.2	14.2	5.8	6.1	6.2	6.4	36.4	36.4	36.6	36.9	40.9	41.3	41.4	42.3	39.5	39.4	39.4
Common Shares - Issued - Total mn	—	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3
Common Shares - Outstanding - Total mn	—	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3
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
Common Shares - Authorized - Issue Specific mn	—	30.0	30.0	30.0	30.0	30.0	30.0	30.0	30.0	30.0	30.0	30.0	30.0	30.0	30.0	30.0	30.0	30.0	30.0	30.0
Common Shares - Issued - Issue Specific mn	—	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3
Common Shares - Outstanding - Issue Specific mn	—	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3	28.3
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
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×
Net Debt	(5.2)	(1.4)	(2.5)	(1.8)	(45.7)	(1.0)	(2.0)	(2.6)	(3.3)	(3.6)	(1.0)	(1.9)	(2.1)	(9.0)	(3.5)	(1.5)	(2.2)	(1.7)	(1.4)	(1.4)
Minority Interest - Total	69.8	—	—	—	78.1	—	—	—	78.1	—	—	—	—	—	—	—	(0.6)	—	—	—
Asset Accruals	1,069.0	995.0	984.2	989.3	1,041.5	1,117.7	1,079.0	1,067.8	1,146.7	1,047.2	1,040.3	1,037.9	1,034.5	1,030.8	1,047.4	1,044.8	1,040.2	1,060.0	1,052.8	1,040.5
Cash & Cash Equivalents - Total	5.2	1.4	2.5	1.8	45.7	1.0	2.0	2.6	3.3	3.6	1.0	1.9	2.1	9.0	3.5	1.5	2.2	1.7	1.4	1.4
Cash & Short Term Investments - Total	5.2	1.4	2.5	1.8	45.7	1.0	2.0	2.6	3.3	3.6	1.0	1.9	2.1	9.0	3.5	1.5	2.2	1.7	1.4	1.4
Debt - including Preferred Equity & Minority Interest - Total	69.8	—	—	—	78.1	—	—	—	78.1	—	—	—	—	—	—	—	(0.6)	—	—	—
Investments - Permanent	368.3	554.7	554.7	554.7	365.3	547.0	547.0	547.0	357.6	480.3	481.6	481.6	481.6	479.3	479.3	479.3	478.8	470.3	470.3	469.8
Net Book Capital	838.7	783.1	778.9	777.7	800.1	838.7	845.2	846.5	901.9	799.2	803.7	801.5	802.2	780.4	782.9	787.2	775.4	784.8	785.9	787.8
Net Operating Assets	838.7	783.1	778.9	777.7	800.1	838.7	845.2	846.5	901.9	799.2	803.7	801.5	802.2	780.4	782.9	787.2	775.4	784.8	785.9	787.8
Provisions - Total	0.0	15.4	15.4	9.6	9.6	—	—	0.0	0.0	29.3	29.3	29.3	29.3	33.4	33.4	33.4	34.1	31.4	31.4	31.4
Shareholders Equity - Common	774.1	784.5	781.4	779.5	767.7	839.7	847.2	849.1	827.2	802.8	804.7	803.4	804.4	789.4	786.4	788.7	778.2	786.5	787.3	789.2
Tangible Total Equity	843.9	784.5	781.4	779.5	845.8	839.7	847.2	849.1	905.2	802.8	804.7	803.4	804.4	789.4	786.4	788.7	777.6	786.5	787.3	789.2
Tangible Book Value	774.1	784.5	781.4	779.5	767.7	839.7	847.2	849.1	827.2	802.8	804.7	803.4	804.4	789.4	786.4	788.7	778.2	786.5	787.3	789.2
Total Book Capital	774.1	784.5	781.4	779.5	767.7	839.7	847.2	849.1	827.2	802.8	804.7	803.4	804.4	789.4	786.4	788.7	778.2	786.5	787.3	789.2
Total Capital	843.9	784.5	781.4	779.5	845.8	839.7	847.2	849.1	905.2	802.8	804.7	803.4	804.4	789.4	786.4	788.7	777.6	786.5	787.3	789.2
Total Long Term Capital	848.5	804.3	801.2	793.7	860.0	845.4	853.2	855.3	911.6	839.1	841.1	840.0	841.2	830.3	827.7	830.1	819.9	826.0	826.7	828.6
Unearned Revenue - Total	4.6	4.4	4.4	4.6	4.6	5.8	6.1	6.2	6.4	7.1	7.1	7.2	7.6	7.6	8.0	8.0	8.1	8.1	8.1	8.0
Book Value excluding Other Equity	774.1	784.5	781.4	779.5	767.7	839.7	847.2	849.1	827.2	802.8	804.7	803.4	804.4	789.4	786.4	788.7	778.2	786.5	787.3	789.2
Income Taxes - Payable - Long-Term & Short-Term	2.6	—	—	—	2.5	—	—	—	3.4	—	—	—	—	—	—	—	—	—	0.2	—
Contract Assets - Short-Term - Unbilled Revenue in Excess of Advance Consideration & Progress Billings	60.8	65.0	65.0	65.0	65.0	65.0	65.0	65.0	65.0	65.0	65.0	65.0	65.0	68.8	68.8	65.0	65.0	101.1	103.6	108.3
Accruals - Short-Term	16.1	122.7	117.5	108.7	44.9	21.9	28.4	27.2	10.2	52.7	58.0	55.6	56.1	42.3	45.0	48.9	20.9	60.0	60.9	63.1
Cash & Short Term Investments - Net of Debt	5.2	1.4	2.5	1.8	45.7	1.0	2.0	2.6	3.3	3.6	1.0	1.9	2.1	9.0	3.5	1.5	2.2	1.7	1.4	1.4
Total Fixed Assets - Net	827.1	680.2	681.2	683.1	769.5	822.6	822.8	825.5	898.2	782.9	782.1	782.5	783.0	778.9	779.2	779.7	796.7	764.2	764.4	764.1
Working Capital	21.4	124.1	120.0	110.5	90.6	22.9	30.4	29.7	13.5	56.3	59.0	57.5	58.2	51.4	48.4	50.4	23.1	61.8	62.3	64.5
Working Capital - Non-Cash	16.1	122.7	117.5	108.7	44.9	21.9	28.4	27.2	10.2	52.7	58.0	55.6	56.1	42.3	45.0	48.9	20.9	60.0	60.9	63.1
Working Capital excluding Other Current Assets & Liabilities	51.4	154.1	150.1	140.6	120.6	52.9	60.5	59.8	43.5	86.3	89.0	87.5	88.3	81.4	78.5	80.5	53.2	91.8	92.4	94.5
Net Debt Including Preferred Equity & Minority Interest	64.6	(1.4)	(2.5)	(1.8)	32.4	(1.0)	(2.0)	(2.6)	74.8	(3.6)	(1.0)	(1.9)	(2.1)	(9.0)	(3.5)	(1.5)	(2.7)	(1.7)	(1.4)	(1.4)
Other Short-Term & Long-Term Assets - Total	17.7	1.4	1.4	1.4	7.2	12.3	12.3	14.6	20.8	3.6	1.2	1.2	1.2	1.9	1.9	1.9	8.8	1.9	1.6	1.6
Other Short-Term & Long-Term Liabilities - Total	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1	30.1
Total Current Assets excluding Total Inventories	229.7	308.2	297.6	295.6	293.8	283.7	245.8	232.5	230.3	255.6	246.8	245.0	241.3	248.6	259.3	254.3	229.4	284.4	276.9	262.2
Tangible Book Value excluding Other Equity	774.1	784.5	781.4	779.5	767.7	839.7	847.2	849.1	827.2	802.8	804.7	803.4	804.4	789.4	786.4	788.7	778.2	786.5	787.3	789.2
Trade Accounts & Trade Notes Receivable - Net - Total	13.9	30.3	30.3	37.5	44.5	45.1	45.1	45.1	45.1	45.1	45.1	46.0	45.1	44.4	46.3	45.9	45.9	45.9	46.2	41.0
Cash in Hand & with Banks - Total	5.2	1.4	2.5	1.8	45.7	1.0	2.0	2.6	3.3	3.6	1.0	1.9	2.1	9.0	3.5	1.5	2.2	1.7	1.4	1.4
Current Assets excluding Cash & Short Term Investments - Total	241.9	314.7	303.0	306.2	272.0	295.1	256.1	242.3	248.5	264.4	258.1	255.4	251.5	251.8	268.1	265.0	243.5	295.9	288.4	276.4
Cash, Short Term Investments & Accounts Receivable - Total	19.1	31.7	32.8	39.3	90.2	46.0	47.1	47.6	48.4	48.6	46.0	47.9	47.2	53.4	49.8	47.5	48.1	47.7	47.7	42.4

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