FINANCIAL HIGHLIGHTS

BALANCE SHEET

In US$ millionsFY 2015FY 2016FY 2017
Long-term investments331327366

Working capital477335487

Cash (IPO proceeds)000

Total Investments808662853

Equity485486518

Gross debt368226404

Cash excluding IPO Proceeds-45-50-70

Adj Net Debt323176335

Total Capital808662853


INCOME STATEMENT

In US$ millions, unless stated otherwiseFY 2015FY 2016FY 2017
Sales volume (Thousand MT)3,8834,2233,691

Sales revenue2,6753,0432,927

Operating margin94134151

Operating margin: US$ per MT243241

Net profit excluding exceptional gains62134

Exceptional items000

Net profit - reported62134


STATEMENT OF CASH FLOWS

In US$ millionsFY 2015FY 2016FY 2017
Net cash flows from/(used in) operating activities-21192-94

Net cash flows used in investing activities-27-35-24

Net cash flows (used in)/ from financing activities38-150131

Net change in cash and cash equivalents-10713

Cash and cash equivalents at beginning of the financial year584550

Effect of changes in exchange rate on cash and cash equivalents-3-23

Cash and cash equivalents at end of the financial year455066


FINANCIAL RATIOS

FY 2015FY 2016FY 2017
Earnings per share (US cents)0.431.392.24

Net asset value per share (US cents)32.4732.5734.42

Debt: equity0.760.460.78

Net debt: equity0.670.360.65