| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 17 |
| Reserves | -21 | -25 | -22 | -14 | -10 | -9 | -10 | 77 |
| Borrowings | 61 | 69 | 74 | 61 | 52 | 58 | 52 | 24 |
| Other Liabilities | 3 | 2 | 3 | 3 | 2 | 5 | 4 | 25 |
| Total Liabilities | 56 | 59 | 68 | 63 | 58 | 68 | 60 | 142 |
| AssetsFixed Assets | 47 | 48 | 52 | 51 | 49 | 46 | 46 | 129 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 9 | 11 | 16 | 12 | 9 | 21 | 14 | 13 |
| Total Assets | 56 | 59 | 68 | 63 | 58 | 68 | 60 | 142 |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -2 | -9 | -2 | -0 | 18 | 10 | -4 | 6 |
| Cash from Investing | -42 | -4 | -2 | -6 | -1 | 0 | 2 | -0 |
| Cash from Financing | 44 | 13 | 4 | 7 | -16 | -11 | 3 | -6 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -44 | -13 | -4 | -6 | 17 | 10 | -3 | 6 |
| 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.
SCOOBEEDAY · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.