FINANCIAL HIGHLIGHTS

BALANCE SHEET

In US$ millionsFY 2018FY 2019FY 2020
Long-term investments412465448
Working capital510396368
Total Investments922861816
Equity520523610
Gross debt451400284
Cash-49-62-78
Adj Net Debt402338206
Total Capital922861816

INCOME STATEMENT

In US$ millions, unless stated otherwiseFY 2018FY 2019FY 2020
Sales volume (Thousand MT)4,1984,5664,821
Sales revenue2,9472,8173,446
Operating margin123105241
Operating margin: US$ per MT292350
Net profit - reported151287

STATEMENT OF CASH FLOWS

In US$ millionsFY 2018FY 2019FY 2020
Net cash flows from/(used in) operating activities21123161
Net cash flows used in investing activities-82-48-24
Net cash flows (used in)/ from financing activities45-62-121
Net change in cash and cash equivalents-161316
Cash and cash equivalents at beginning of the financial year664962
Effect of changes in exchange rate on cash and cash equivalents-100
Cash and cash equivalents at end of the financial year496278

FINANCIAL RATIOS

FY 2018FY 2019FY 2020
Earnings per share (US cents)0.990.785.77
Net asset value per share (US cents)34.6234.8040.73
Debt: equity0.870.770.47
Net debt: equity0.770.650.34