| Line item | FY07 | FY08 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 3 | 3 | 21 | 21 | 21 |
| Reserves | 0 | 0 | 31 | 41 | 44 |
| Borrowings | 4 | 7 | 34 | 31 | 26 |
| Other Liabilities | 3 | 3 | 18 | 27 | 18 |
| Total Liabilities | 10 | 13 | 104 | 120 | 108 |
| AssetsFixed Assets | 3 | 3 | 45 | 50 | 60 |
| CWIP | 0 | 0 | 13 | 16 | 1 |
| Investments | 0 | 0 | 1 | 4 | 6 |
| Other Assets | 7 | 10 | 44 | 50 | 42 |
| Total Assets | 10 | 13 | 104 | 120 | 108 |
| Line item | FY07 | FY08 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| ActivitiesCash from Operating | 1 | -2 | 11 | 17 | 10 |
| Cash from Investing | 0 | 0 | -12 | -11 | -2 |
| Cash from Financing | -1 | 3 | 2 | -7 | -9 |
| SummaryCapital Expenditure | — | — | — | — | — |
| Free Cash Flow | 1 | -2 | 0 | 6 | 15 |
| FCF Margin | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
ARCHITORG · CYCLICAL_UNMODELABLE
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