| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 17 | 17 | 17 | 17 | 23 | 23 | 23 | 23 |
| Reserves | -18 | -18 | -18 | -18 | -13 | -14 | -13 | -14 |
| Borrowings | 1 | 1 | 1 | 1 | 5 | 3 | 2 | 2 |
| Other Liabilities | 0 | 0 | 0 | 0 | 41 | 45 | 5 | 5 |
| Total Liabilities | 0 | 0 | 0 | 0 | 55 | 57 | 16 | 16 |
| AssetsFixed Assets | 0 | 0 | 0 | 0 | 4 | 12 | 10 | 10 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 0 | 0 | 0 | 51 | 45 | 6 | 6 |
| Total Assets | 0 | 0 | 0 | 0 | 55 | 57 | 16 | 16 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | — | -0 | -0 | -0 | -1 | 1 | 8 | -0 |
| Cash from Investing | — | 0 | 0 | 0 | 0 | -0 | -10 | 0 |
| Cash from Financing | — | 0 | 0 | 0 | 0 | 5 | -3 | 0 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | — | -0 | -0 | -0 | -1 | 1 | -2 | -0 |
| FCF Margin | — | — | — | — | — | — | — | — |
For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.
IKOMA · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.