| Line item | FY12 | FY13 | FY14 | FY15 | FY16 |
|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 4 | 100 | 100 | 100 | 100 |
| Reserves | 160 | 146 | 147 | 147 | 149 |
| Borrowings | 0 | 0 | 5 | 3 | 31 |
| Other Liabilities | 0 | 5 | 16 | 8 | 2 |
| Total Liabilities | 165 | 251 | 268 | 258 | 282 |
| AssetsFixed Assets | 0 | 52 | 52 | 52 | 52 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 162 | 165 | 106 | 58 | 22 |
| Other Assets | 3 | 34 | 110 | 149 | 208 |
| Total Assets | 165 | 251 | 268 | 258 | 282 |
| Line item | FY12 | FY13 | FY14 | FY15 |
|---|---|---|---|---|
| ActivitiesCash from Operating | 0 | -27 | -64 | -55 |
| Cash from Investing | -163 | -55 | 59 | 48 |
| Cash from Financing | 162 | 82 | 5 | 6 |
| SummaryCapital Expenditure | — | — | — | — |
| Free Cash Flow | 0 | -79 | -64 | -55 |
| 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.
INDINFO · CYCLICAL_UNMODELABLE
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