DAG

Tập đoàn Nhựa Đông Á ·UPCOM ·2024Q3

▼▼ Declining sharply

Margins remain under pressure Net margin −244.56%, −236.07pp YoY

Price

—

Latest close

P/E —

P/B —

EPS -14,803

BVPS -1,833

ROE -143.7%

ROA -17.4%

Profit Margin -244.6%

Asset Turnover 0.07x

Equity Mult. 8.27x

TTM · Applied to: EPS, ROE, ROA, Net Margin, Asset Turnover, Debt/Equity

What Is Changing

On a TTM 2024Q3 basis, DAG posted a very sharp profit drop versus the same period, showing that pressure has clearly fed through to the bottom line — margins have been compressing consistently over multiple periods. More notably, a significant portion of profit is supported by non-core sources, further affecting earnings quality.

	                            
	                                TTM REVENUE
	                            
	                                    VND 116bn
	                                
−93.0%YoY

	                            
	                                NET MARGIN
	                            
	                                    −244.56%
	                                
−236.1ppYoY

	                            
	                                TTM NET PROFIT
	                            
	                                    −VND 285bn
	                                
−102.8%YoY

	                            
	                                Net financial result / PBT
	                            
	                                    36.5%
	                                
affects earnings quality

Metric	2023	2022	2021	2020
Revenue	1,215.5	2,243.0	1,936.2	1,767.4
Growth	-46%	+16%	+10%	—
Net Income	-606.8	7.4	8.9	11.4
Net Margin	-49.92%	0.33%	0.46%	0.65%

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Revenue	0.0	55.3	30.3	30.7	213.8	400.4	558.8	480.9	546.6	632.9	552.1	392.1
Growth	-100%	+82%	-1%	-86%	-47%	-28%	+16%	-12%	-14%	+15%	+41%	—
Net Income	-180.5	-66.6	-15.1	-22.3	-16.2	-102.7	-21.4	0.1	3.4	5.0	1.9	6.1
Net Margin	—	-120.36%	-49.61%	-72.84%	-7.59%	-25.66%	-3.83%	0.01%	0.61%	0.80%	0.34%	1.57%

Drivers of DAG's profit

TTM

Net profit attributable to parent declined vs last year, mainly due to lower gross profit. Supporting and offsetting drivers:

Gross profit ↓ 97.6bn

Administrative expenses ↑ 22.7bn

Finance costs ↑ 19.9bn

Financial income ↓ 16.4bn

TTM

Net profit attributable to parent declined vs prior quarter, mainly due to higher administrative expenses. Supporting and offsetting drivers:

Administrative expenses ↑ 122.9bn

Finance costs ↑ 29.1bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2023Q3 -23.4% = -8.5% × 0.69 × 3.99

2024Q3 -143.7% = -244.6% × 0.07 × 8.27

ROE fell from -23.4% to -143.7% — net margin weakened the most, though leverage still provided support.

Net margin: -244.6% -236.1pp Asset turnover: 0.07x -0.62x Leverage: 8.27x +4.28x

Is the profit sustainable?

Margins are under pressure while earnings still rely significantly on non-core sources.

very positive positive stable watch under pressure

What is driving the margin?

Net margin fell to -244.56%, losing 236.1pp. The main pressure comes from SG&A / Revenue rose 114.6pp and Gross margin fell 36.3pp (with lingering pressure from Net financial result / Revenue fell 85.1pp).

Margin is under pressure from multiple sides — temporary and structural components need to be separated to properly assess the risk.

Profitability trend

Net Margin -244.56% −236.1pp

Gross Margin -32.74% −36.3pp

SG&A / Revenue 122.37% +114.6pp

Non-core / Revenue -89.45% −85.2pp

TTM YoY · 2023Q3 -> 2024Q3

Watchpoints

Financial result share remains high

Even though contribution decreased by 85.2pp, financial result still accounts for 36.6% of PBT — earnings durability should be monitored in coming periods.

Is capital being used efficiently?

Capital efficiency is declining — check whether the drag is from margins or turnover.

Is capital being deployed efficiently?

ROIC fell to -20.64%, losing 13.2pp. That translates to -20.64 in after-tax operating profit for every 100 units of operating capital. Both NOPAT margin narrowed 236.1pp and capital turnover fell 0.83x, while invested capital contracted by 425bn — pressure came from both operational efficiency and asset efficiency.

Pressure came from the margin side — core operations are weakening, not just a temporary asset-management issue.

Watchpoints

ROIC remains low

ROIC is currently -20.64% — below the typical cost-of-capital threshold; worth tracking whether upcoming periods can rise above this level.

CAPITAL EFFICIENCY TREND

ROIC -20.64% −13.2pp

NOPAT Margin -244.27% −236.1pp

Capital Turnover 0.08x −0.83x

Average Invested Capital 1,377.2bn −424.8bn

Balance Sheet

ROIC declined — the balance sheet shows how capital is being deployed. Leverage is very high, with clear pressure on the capital structure — liabilities at 16.99x equity, with a net cash position equivalent to 9.93x equity.

Inventory ended the period at 557.6bn, roughly 38.7% of total assets.

Over the last 12 months, working capital absorbed 137.3bn of cash, mainly because of higher receivables and lower payables. Part of that drag was offset by lower inventories.

Working Capital Drivers

Receivables increased → lower CFO: −67.0bn

Inventories decreased → higher CFO: +251.6bn

Payables decreased → lower CFO: −321.9bn

Working Capital Efficiency

The inventory build-up noted above is reflected in a longer cash cycle. Cash conversion cycle lengthened by 2723.5 days versus the same period last year. The main moves came from DIO rose 1893.1 days, DSO rose 931.9 days, and DPO rose 101.5 days.

Working capital cycle lengthened mainly due to slower inventory turnover — more capital is being tied up in inventory.

Watchpoints

Cash conversion cycle remains stretched

CCC stands at 2984.3 days, suggesting that working capital remains tied up for a relatively long operating cycle.

Receivables collection is slowing

DSO increased by +931.9 days, pointing to slower receivables turnover.

Working Capital Efficiency

Receivables 1044.3 days +931.9 days

Inventory 2104.2 days +1893.1 days

Payables 164.1 days +101.5 days

Cash Conversion Cycle 2984.3 days +2723.5 days

Is financial risk significant?

Leverage is safe but FCF is negative at 371.9bn due to capex of 0.0bn — an investment choice, not an urgent risk.

Leverage & Liquidity

Leverage warrants monitoring, with net debt / equity at -9.93x and interest coverage only at -2.72x.

At present, short-term debt accounts for 66.8% of total debt, cash equals 0.4% of debt, and total debt stands at 1,102.1bn.

Watchpoints

Interest coverage is thin

Interest coverage is -2.72x, leaving limited room to absorb financing costs.

Short-term refinancing pressure is meaningful

Short-term debt accounts for 66.8% of total debt, raising near-term refinancing needs.

Leverage and liquidity trend

Net Debt / Equity -9.93x −12.42x

Interest Coverage -2.72x −1.11x

Cash / Debt 0.4% −0.2pp

Short-term Debt / Total Debt 66.8% −4.9pp

CFO / NI 1.31x +0.34x

TTM YoY · 2023Q3 -> 2024Q3

Cash Flow

Operating cash flow reached -15.1bn in 2023, against investing cash flow of 182.6bn.

Post-investment cash flow was positive +167.5bn. Financing cash flow was negative +167.5bn.

CFO / net income was 1.31x.

After spending 0.0bn on fixed-asset investment, the business generated trailing free cash flow of −371.9bn.

Cash Conversion

CFO TTM 371.9bn −236.1bn

Cash Capex 0.0bn −12.0bn

FCF TTM −371.9bn −224.1bn

Investment Takeaway

The business is showing a few weaker signals, but the current magnitude is not yet clear enough to conclude that this is a broader weakening phase. Even so, earnings quality still needs closer monitoring because net financial result remains elevated. The main risk still sits in core profitability, with net margin down 236.1 pp.

Watchpoint: cash flow is currently keeping pace with accounting earnings, with CFO / net income at 1.31x. Even so, net financial result still accounts for 36.5% of PBT, so the earnings mix still needs monitoring.

Key risk: profitability remains under pressure, with trailing-12M net margin at -244.56% after a 236.1pp decline versus the same period last year.

Statement Data

Item	2023	2022	2021	2020
Revenue	1,215.5	2,272.7	1,936.2	1,767.4
Revenue Deductions	0.0	29.7	0.0	0.0
Net Revenue	1,215.5	2,243.0	1,936.2	1,767.4
Cost of Goods Sold	1,587.4	2,132.9	0.0	0.0
Gross Profit	-371.9	110.1	112.1	113.6
Financial Income	11.9	10.2	7.5	0.3
Financial Expenses	90.7	69.3	-63.4	-45.6
Interest Expense	89.9	67.2	-60.4	-45.3
Share of Associates and Joint Ventures	0.0	0.0	-0.0	-0.0
Selling Expenses	9.9	9.3	-9.8	-31.0
General and Administrative Expenses	148.2	29.0	-24.9	-20.4
Operating Profit	-608.8	12.8	21.6	16.9
Other Income	6.2	3.7	0.0	0.0
Other Expenses	4.2	2.0	0.0	0.0
Other Profit	2.1	1.7	-6.0	-2.0
Profit Before Tax	-606.8	14.5	15.5	14.9
Current Income Tax Expense	0.0	7.1	-6.6	-3.5
Deferred Income Tax Expense	0.0	0.0	0.0	0.0
Net Income	-606.8	7.4	8.9	11.4
Non-controlling Interest	0.0	0.0	-0.0	-0.0
Profit Attributable to Parent	-606.8	7.4	8.9	11.4
Earnings per Share	-10,187.00	124.00	234.00	221.00
Diluted EPS	-10,059.84	124.06	148.92	220.82

Item	2023	2022	2021	2020
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	799.0	1,447.7	1,362.5	1,030.1
I. Cash and cash equivalents	2.6	2.6	57.8	38.5
1. Cash	2.6	2.6	0.0	0.0
2. Cash equivalents	0.0	0.0	0.0	0.0
II. Short-term financial investments	0.0	97.4	0.0	0.0
1. Available for sale securities	0.0	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	0.0	0.0	0.0	0.0
3. Held to maturity investments	0.0	97.4	0.0	0.0
III. Short-term receivables	230.8	360.2	444.0	344.6
1. Short-term trade accounts receivable	298.9	305.7	0.0	0.0
2. Short-term prepayments to suppliers	33.5	29.7	0.0	0.0
3. Short-term inter-company receivables	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	0.0	0.0	0.0	0.0
5. Short-term loan receivables	0.0	0.0	0.0	0.0
6. Other short-term receivables	16.9	24.8	0.0	0.0
7. Provision for short-term doubtful debts (*)	-118.5	0.0	0.0	0.0
8. Assets awaiting resolution	0.0	0.0	0.0	0.0
IV. Inventories	557.6	969.3	782.8	599.7
1. Inventories	962.0	969.3	0.0	0.0
2. Provision for decline in value of inventories	-404.4	0.0	0.0	0.0
V. Other short-term assets	8.0	18.3	7.1	47.4
1. Short-term prepayments	0.1	0.8	0.0	0.0
2. Value added tax to be reclaimed	7.7	17.5	0.0	0.0
3. Taxes and other receivables from state authorities	0.2	0.0	0.0	0.0
4. Government bonds	0.0	0.0	0.0	0.0
5. Other short-term assets	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	643.3	730.8	668.0	718.2
I. Long-term receivables	10.8	16.7	0.0	0.0
1. Long-term trade receivables	0.0	0.0	21.3	28.7
2. Long-term prepayments to suppliers	0.0	0.0	0.0	0.0
3. Capital at inter-company	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	0.0	0.0	0.0	0.0
5. Long-term loan receivables	0.0	0.0	0.0	0.0
6. Other long-term receivables	10.8	16.7	0.0	0.0
7. Provision for long-term doubtful debts	0.0	0.0	0.0	0.0
II. Fixed assets	582.8	621.6	586.7	579.4
1. Tangible fixed assets	393.0	404.1	329.6	304.3
- Cost	726.6	701.7	0.0	0.0
- Accumulated depreciation	-333.6	-297.5	0.0	0.0
2. Financial leased fixed assets	189.3	217.2	256.8	274.5
- Cost	242.7	254.9	0.0	0.0
- Accumulated depreciation	-53.4	-37.6	0.0	0.0
3. Intangible fixed assets	0.5	0.2	0.4	0.6
- Cost	3.0	2.2	0.0	0.0
- Accumulated depreciation	-2.5	-2.0	0.0	0.0
III. Investment properties	0.0	0.0	0.0	0.0
- Cost	0.0	0.0	0.0	0.0
- Accumulated depreciation	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	36.9	59.3	18.7	91.2
1. Long-term production in progress	0.0	0.0	0.0	0.0
2. Construction in progress	36.9	59.3	0.0	0.0
V. Long-term financial investments	0.0	5.6	10.0	0.0
1. Investments in subsidiaries	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	0.0	0.0	0.0	0.0
3. Investments in other entities	0.0	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	0.0	0.0	0.0	0.0
5. Held to maturity investments	0.0	5.6	0.0	0.0
6. Other long-term investments	0.0	0.0	0.0	0.0
VI. Other long-term assets	12.9	27.6	0.0	0.0
1. Long-term prepayments	12.9	27.6	0.0	0.0
2. Deferred income tax assets	0.0	0.0	0.0	0.0
3. Long-term equipment, supplies, spare parts	0.0	0.0	0.0	0.0
4. Other long-term assets	0.0	0.0	31.2	18.8
5. Goodwill	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	1,442.3	2,178.5	2,030.4	1,748.3
A. LIABILITIES (300=210+330)	1,362.1	1,491.6	1,348.0	1,071.0
I. Short -term liabilities	871.1	1,244.9	967.8	839.4
1. Short-term trade accounts payable	33.3	192.1	113.7	120.4
2. Short-term advances from customers	40.4	42.4	61.8	109.2
3. Taxes and other payables to state authorities	8.9	8.8	0.0	0.0
4. Payable to employees	4.7	3.8	0.0	0.0
5. Short-term acrrued expenses	37.8	2.0	0.0	0.0
6. Short-term inter-company payables	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	0.0	0.2	0.7	0.0
9. Other short-term payables	9.6	16.4	0.0	0.0
10. Short-term borrowings and financial leases	721.0	963.7	749.5	563.5
11. Provision for short-term liabilities	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	15.4	15.4	0.0	0.0
13. Price stabilization fund	0.0	0.0	0.0	0.0
14. Government bonds	0.0	0.0	0.0	0.0
II. Long-term liabilities	491.0	246.7	380.2	231.7
1. Long-term trade payables	1.2	1.2	3.1	0.0
2. Long-term advances from customers	0.0	0.0	154.5	0.0
3. Long-term acrrued expenses	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	0.0	0.0	0.0	0.0
7. Other long-term liabilities	0.1	0.1	0.0	0.0
8. Long-term borrowings and financial leases	489.6	245.4	221.2	231.3
9. Convertible bonds	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	0.0	0.0	0.0	0.0
13. Fund for technology development	0.0	0.0	0.0	0.0
14. Provision for severance allowances	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	80.2	687.0	682.4	677.3
I. Owner's equity	80.2	687.0	0.0	0.0
1. Owner's capital	603.1	595.6	682.4	677.3
- Common stock with voting right	603,141,120,000.00	595,641,120,000.00	595,641,120,000.00	517,950,850,000.00
- Preferred stock	0.00	0.00	0.00	0.00
2. Share premium	0.5	8.0	8.0	8.0
3. Convertible bond option	0.0	0.0	0.0	0.0
4. Other capital of owners	0.0	0.0	0.0	0.0
5. Treasury shares	-19,840,000.00	-19,840,000.00	0.00	0.00
6. Assets revaluation differences	0.0	0.0	0.0	0.0
7. Foreign exchange differences	0.0	0.0	0.0	0.0
8. Investment and development fund	41.5	41.5	0.0	0.0
9. Fund to support corporate restructuring	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	23.1	23.1	0.0	0.0
11. Undistributed earnings after tax	-588.1	18.7	15.5	97.7
- Accumulated retained earning at the end of the previous period	18.7	11.3	6.9	97.7
- Undistributed earnings in this period	-606.8	7.4	8.6	0.0
12. Reserves for investment in construction	0.0	0.0	0.0	0.0
13. Minority's interest	0.0	0.0	0.0	0.0
14. Financial reserves	0.0	0.0	0.0	0.0
II. Other resources and funds	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	1,442.3	2,178.5	2,030.4	1,748.3

Item	2023	2022	2021	2020
Profit Before Tax	-606.8	14.5	15.2	13.6
Depreciation of Fixed Assets and Investment Property	67.6	69.3	62.1	-3.1
Provision (Increase)/Reversal	523.0	0.0	0.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	-8.2	0.5	0.0	0.0
Gain/Loss from Investment Activities	-5.6	-7.4	0.0	0.0
Interest Expense	89.9	67.2	0.0	0.0
Gain/Loss on Disposal of Fixed Assets	0.0	0.0	0.0	0.0
Interest Income and Dividends	0.0	0.0	0.0	0.0
Amortization of Goodwill	0.0	0.0	0.0	0.0
Other Adjustments	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	60.0	144.1	134.9	65.6
Increase/(Decrease) in Receivables	240.2	65.1	0.0	0.0
Increase/(Decrease) in Inventory	14.1	-190.9	0.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-324.4	-101.8	0.0	0.0
Increase/(Decrease) in Prepaid Expenses	15.4	3.2	0.0	0.0
Changes in Trading Securities	0.0	0.0	0.0	0.0
Interest Paid	-54.0	-66.3	0.0	0.0
Corporate Income Tax Paid	-0.7	-10.7	0.0	0.0
Other Operating Receipts	34.4	0.0	0.0	0.0
Other Operating Payments	0.0	0.0	0.0	0.0
Net Cash Flow from Operating Activities	-15.1	-157.3	-89.1	154.3
Payments for Fixed Assets and Other Long-term Assets	-54.7	-50.7	-21.6	-164.4
Proceeds from Disposal of Fixed Assets and Long-term Assets	33.2	0.0	34.9	72.9
Loans and Purchases of Debt Instruments	257.3	-49.8	-110.8	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	-58.4	40.8	30.0	0.0
Investments in Other Entities	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	5.3	3.6	0.0	0.0
Increase/(Decrease) in Term Deposits	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	0.0	0.0	0.0	0.0
Other Investing Receipts	0.0	0.0	0.0	0.0
Other Investing Payments	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	182.6	-56.1	-65.8	-91.5
Proceeds from Equity Issuance and Capital Contributions	0.00	0.00	0.00	0.00
Share Repurchases	0.00	0.00	-13,826,000.00	0.00
Proceeds from Borrowings	1,204.9	2,176.3	1,856.8	1,862.2
Repayment of Borrowings	-1,325.3	-1,974.6	-1,614.3	-1,798.3
Repayment of Finance Leases	-47.1	-45.0	-63.2	-139.2
Dividends Paid	0.0	0.0	-6.3	0.0
Other Financing Receipts	0.0	0.0	0.0	0.0
Other Financing Payments	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-167.5	156.7	173.0	-75.3
Net Cash Flow During the Period	0.0	-56.6	41.4	6.3
Cash and Cash Equivalents at Beginning of Period	2.6	59.8	39.6	47.9
FX Difference from Revaluation	0.0	-0.5	0.0	0.0
Cash and Cash Equivalents at End of Period	2.6	2.6	57.8	38.5

Item	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Revenue	0.0	55.3	30.3	30.7	213.8	400.4	558.8	480.9	546.6	635.6	579.2	392.1
Revenue Deductions	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	2.7	27.0	0.0
Net Revenue	0.0	55.3	30.3	30.7	213.8	400.4	558.8	480.9	546.6	632.9	552.1	392.1
Cost of Goods Sold	0.0	81.1	41.1	32.3	206.6	393.7	545.6	448.5	517.2	600.8	523.2	0.0
Gross Profit	0.0	-25.7	-10.7	-1.6	7.1	6.7	13.2	32.4	29.4	32.1	28.9	32.8
Financial Income	0.1	0.1	0.1	0.4	7.8	4.5	1.5	3.2	2.7	1.5	1.8	0.3
Financial Expenses	50.5	36.5	1.5	15.9	21.3	15.4	24.7	23.0	14.9	16.6	15.3	-14.6
Interest Expense	0.0	36.5	1.5	15.9	0.0	14.1	24.7	20.8	13.9	14.1	13.9	-14.1
Share of Associates and Joint Ventures	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	0.0	0.2	0.2	0.9	1.9	2.4	3.2	2.5	2.7	2.4	1.7	-2.2
General and Administrative Expenses	129.6	4.3	2.7	4.5	6.7	95.2	8.4	8.0	6.9	7.5	6.7	-3.4
Operating Profit	-180.0	-66.6	-15.1	-22.5	-15.0	-101.9	-21.6	2.1	7.7	7.1	7.1	12.8
Other Income	0.0	0.0	0.0	0.2	0.1	0.5	1.2	0.7	0.1	0.1	0.4	0.0
Other Expenses	0.6	0.0	0.0	0.0	1.4	1.3	0.8	1.2	2.6	0.4	4.5	0.0
Other Profit	-0.5	0.0	0.0	0.2	-1.3	-0.8	0.3	-0.5	-2.5	-0.3	-4.1	-4.7
Profit Before Tax	-180.5	-66.6	-15.1	-22.3	-16.2	-102.6	-21.3	1.6	5.2	6.8	3.0	8.1
Current Income Tax Expense	0.0	0.0	0.0	0.0	0.0	0.1	0.1	1.5	1.8	1.7	1.1	-1.9
Deferred Income Tax Expense	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	-180.5	-66.6	-15.1	-22.3	-16.2	-102.7	-21.4	0.1	3.4	5.0	1.9	6.1
Non-controlling Interest	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	-180.5	-66.6	-15.1	-22.3	-16.2	-102.7	-21.4	0.1	3.4	5.0	1.9	6.1
Earnings per Share	-3,960.00	-10,187.00	-264.00	-392.00	-285.00	-1,804.00	-359.00	1.00	56.00	89.00	32.00	108.00
Diluted EPS	-2,993.27	-1,104.43	-249.57	-370.31	-269.03	-1,724.77	-359.22	1.11	56.32	84.65	31.63	103.10

Item	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	572.3	774.4	1,253.1	1,401.4	1,442.9	1,700.4	1,844.9	1,510.5	1,952.7	1,725.4	1,559.9	1,362.5
I. Cash and cash equivalents	4.0	0.8	0.9	6.3	6.9	11.1	1.4	2.6	27.1	51.9	73.7	57.8
1. Cash	4.0	0.8	0.9	6.3	6.9	11.1	1.4	2.6	27.1	51.9	73.7	0.0
2. Cash equivalents	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Short-term financial investments	0.0	0.0	0.0	0.0	45.5	59.7	111.1	103.0	99.9	86.4	90.9	0.0
1. Available for sale securities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Held to maturity investments	0.0	0.0	0.0	0.0	45.5	59.7	111.1	103.0	99.9	86.4	90.9	0.0
III. Short-term receivables	90.3	230.8	312.0	521.0	471.0	656.7	689.9	405.8	910.3	735.2	566.2	444.0
1. Short-term trade accounts receivable	289.4	298.9	300.8	381.7	376.3	450.2	599.6	331.1	642.4	525.7	390.0	0.0
2. Short-term prepayments to suppliers	16.6	33.5	41.4	172.4	68.4	104.7	38.7	33.0	186.0	197.9	162.9	0.0
3. Short-term inter-company receivables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	10.9	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Short-term loan receivables	0.0	0.0	0.0	-104.5	0.0	36.6	0.0	0.0	37.6	0.0	0.0	0.0
6. Other short-term receivables	21.3	16.9	56.9	158.6	113.4	65.2	51.7	30.7	44.3	11.5	13.3	0.0
7. Provision for short-term doubtful debts (*)	-237.1	-118.5	-87.2	-87.2	-87.2	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Assets awaiting resolution	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	472.8	534.5	928.4	856.5	908.1	960.3	1,022.9	979.0	901.5	844.1	820.9	782.8
1. Inventories	838.3	896.3	962.5	890.6	942.3	960.3	1,022.9	979.0	901.5	844.1	820.9	0.0
2. Provision for decline in value of inventories	-365.5	-361.8	-34.1	-34.1	-34.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0
V. Other short-term assets	5.2	8.2	11.9	17.6	11.4	12.6	19.6	20.1	13.9	7.8	8.1	7.1
1. Short-term prepayments	4.3	0.1	4.3	9.1	4.0	1.8	2.0	1.4	1.6	1.3	1.6	0.0
2. Value added tax to be reclaimed	0.9	7.9	7.4	8.5	7.3	10.8	17.6	18.7	12.1	6.6	6.5	0.0
3. Taxes and other receivables from state authorities	0.0	0.2	0.2	0.0	0.1	0.0	0.0	0.0	0.1	0.0	0.1	0.0
4. Government bonds	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	570.1	620.4	483.7	773.1	690.3	678.4	701.8	729.2	694.5	630.9	637.1	668.0
I. Long-term receivables	10.8	10.8	10.8	105.3	10.8	10.8	18.9	16.8	16.8	19.8	23.3	0.0
1. Long-term trade receivables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	21.3
2. Long-term prepayments to suppliers	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Capital at inter-company	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term loan receivables	0.0	0.0	0.0	94.5	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term receivables	10.8	10.8	10.8	10.8	10.8	10.8	18.9	16.8	16.8	19.8	23.3	0.0
7. Provision for long-term doubtful debts	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	509.0	560.6	560.9	615.3	629.3	569.5	592.0	619.3	590.4	564.3	566.5	586.7
1. Tangible fixed assets	351.1	377.1	377.1	392.2	400.6	378.5	380.7	308.6	333.0	348.4	312.5	329.6
- Cost	725.5	724.4	724.4	723.4	723.6	686.8	688.2	589.6	570.0	563.1	533.0	0.0
- Accumulated depreciation	-374.5	-347.4	-347.4	-331.2	-323.0	-308.2	-307.5	-281.1	-237.0	-214.7	-220.5	0.0
2. Financial leased fixed assets	157.7	183.2	183.2	222.7	227.9	190.1	210.3	310.5	257.1	215.6	253.6	256.8
- Cost	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	0.3	0.4	0.6	0.5	0.8	0.8	0.9	0.2	0.3	0.3	0.4	0.4
- Cost	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	38.2	36.9	39.4	39.0	36.6	73.0	59.0	64.5	61.7	19.0	18.7	18.7
1. Long-term production in progress	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	38.2	36.9	39.4	39.0	36.6	73.0	59.0	64.5	61.7	19.0	18.7	0.0
V. Long-term financial investments	0.0	0.0	-139.5	0.0	0.0	0.0	5.6	0.0	0.0	0.0	0.0	10.0
1. Investments in subsidiaries	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Investments in other entities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Held to maturity investments	0.0	0.0	0.0	0.0	0.0	0.0	5.6	0.0	0.0	0.0	0.0	0.0
6. Other long-term investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	12.2	12.2	12.2	13.5	13.7	25.1	26.4	28.7	25.7	27.8	28.6	0.0
1. Long-term prepayments	12.2	12.2	12.2	13.5	13.7	25.1	26.4	28.7	25.7	27.8	28.6	0.0
2. Deferred income tax assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Long-term equipment, supplies, spare parts	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Other long-term assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	31.2
5. Goodwill	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	1,142.5	1,394.8	1,736.9	2,174.5	2,133.3	2,378.8	2,546.7	2,239.8	2,647.2	2,356.2	2,197.0	2,030.4
A. LIABILITIES (300=210+330)	1,253.0	1,367.6	1,392.9	1,744.8	1,626.8	1,816.5	1,880.9	1,552.8	1,956.0	1,667.6	1,515.3	1,348.0
I. Short -term liabilities	885.7	954.1	979.5	1,487.9	1,266.2	1,618.0	1,656.8	1,305.8	1,491.6	1,183.6	1,203.0	967.8
1. Short-term trade accounts payable	33.2	61.1	61.1	61.7	103.3	234.4	284.7	230.8	270.0	218.7	203.6	113.7
2. Short-term advances from customers	46.3	46.4	46.4	176.2	204.2	298.7	281.1	47.7	268.7	87.5	228.4	61.8
3. Taxes and other payables to state authorities	8.0	10.5	10.5	8.1	9.3	11.1	10.4	8.7	7.1	9.2	10.5	0.0
4. Payable to employees	0.3	0.6	0.6	2.6	3.0	6.9	2.7	3.3	1.6	2.0	2.0	0.0
5. Short-term acrrued expenses	44.9	25.6	25.6	25.6	13.8	2.9	2.0	2.6	0.8	1.2	0.6	0.0
6. Short-term inter-company payables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.2	0.0	0.1	0.0	0.7
9. Other short-term payables	1.5	60.9	60.9	175.2	9.2	83.8	49.1	33.4	46.5	8.1	12.3	0.0
10. Short-term borrowings and financial leases	736.1	733.6	758.9	1,022.9	908.1	964.8	1,011.4	963.7	881.4	841.3	730.4	749.5
11. Provision for short-term liabilities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.1	0.0
13. Price stabilization fund	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Government bonds	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Long-term liabilities	367.4	413.4	413.4	256.9	360.5	198.5	224.1	247.0	464.5	484.1	312.3	380.2
1. Long-term trade payables	1.2	1.2	1.2	1.2	1.2	1.2	1.2	1.2	172.5	49.8	3.1	3.1
2. Long-term advances from customers	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	141.9	0.0	154.5
3. Long-term acrrued expenses	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Other long-term liabilities	0.1	0.1	0.1	0.1	0.1	0.0	0.1	0.1	0.3	0.5	1.2	0.0
8. Long-term borrowings and financial leases	366.0	412.1	412.1	255.6	359.2	197.3	222.8	245.7	291.7	291.9	308.0	221.2
9. Convertible bonds	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Fund for technology development	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Provision for severance allowances	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	-110.6	27.3	344.0	429.7	506.5	562.3	665.5	686.9	691.1	688.6	681.7	682.4
I. Owner's equity	-110.6	27.3	344.0	429.7	506.5	562.3	665.5	686.9	691.1	688.6	681.7	0.0
1. Owner's capital	603.1	603.1	603.1	603.1	603.1	595.6	595.6	595.6	595.6	595.6	595.6	682.4
- Common stock with voting right	603,141,120,000.00	603,141,120,000.00	603,141,120,000.00	603,141,120,000.00	603,141,120,000.00	595,641,120,000.00	595,641,120,000.00	595,641,120,000.00	595,641,120,000.00	595,641,120,000.00	595,641,120,000.00	595,641,120,000.00
- Preferred stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	0.5	0.5	0.5	0.5	0.5	8.0	8.0	8.0	8.0	8.0	8.0	8.0
3. Convertible bond option	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Treasury shares	-19,840,000.00	-19,840,000.00	-19,840,000.00	-19,840,000.00	-19,840,000.00	-19,840,000.00	-19,840,000.00	-19,840,000.00	-19,840,000.00	-19,840,000.00	-19,840,000.00	0.00
6. Assets revaluation differences	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Foreign exchange differences	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	41.5	41.5	41.5	41.5	41.5	41.5	41.5	41.5	41.5	41.5	40.9	0.0
9. Fund to support corporate restructuring	0.0	0.0	0.0	0.0	0.0	0.0	0.0	23.1	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	23.1	23.1	23.1	23.1	23.1	23.1	23.1	0.0	23.1	23.1	22.5	0.0
11. Undistributed earnings after tax	-778.8	-641.0	-324.3	-238.5	-161.8	-105.9	-2.8	18.7	22.9	20.4	14.7	15.5
- Accumulated retained earning at the end of the previous period	-6.5	-588.1	12.6	18.7	18.7	18.7	18.7	11.5	11.5	11.5	12.8	6.9
- Undistributed earnings in this period	-772.3	-52.9	-336.9	-257.2	-180.5	-124.6	-21.5	7.2	11.4	8.8	1.9	8.6
12. Reserves for investment in construction	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Financial reserves	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Other resources and funds	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	1,142.5	1,394.8	1,736.9	2,174.5	2,133.3	2,378.8	2,546.4	2,239.8	2,647.2	2,356.2	2,197.0	2,030.4

Item	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Profit Before Tax	-235.9	15.1	-15.1	-75.3	-16.0	-144.4	-21.3	9.3	-5.8	8.0	3.0	7.8
Depreciation of Fixed Assets and Investment Property	72.4	-19.5	19.5	-2.8	18.7	22.6	17.0	20.7	16.0	15.8	16.8	15.1
Provision (Increase)/Reversal	-84.3	121.3	-121.3	33.4	-34.5	122.5	0.0	0.0	0.0	0.0	0.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	0.0	0.0	0.0	9.8	-10.5	0.7	0.0	0.5	1.6	-1.6	0.0	0.0
Gain/Loss from Investment Activities	-0.1	0.1	-0.1	2.6	-0.1	-1.3	-1.2	0.4	-1.1	-8.2	1.5	0.0
Interest Expense	58.5	-1.5	1.5	-62.7	22.4	15.6	24.7	20.2	16.4	16.6	13.9	0.0
Gain/Loss on Disposal of Fixed Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Income and Dividends	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Amortization of Goodwill	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Adjustments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	-189.4	115.5	-115.5	-95.0	-20.0	15.6	19.2	51.2	27.2	30.6	35.2	32.9
Increase/(Decrease) in Receivables	-9.6	-94.0	94.0	-57.3	-5.0	179.9	-366.9	540.0	-191.7	-158.9	-124.3	0.0
Increase/(Decrease) in Inventory	203.9	-0.5	0.5	47.7	17.8	62.8	-53.6	-67.8	-55.4	-25.2	-42.5	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-7.9	-20.0	20.0	-314.0	-84.2	-255.0	442.8	-553.2	306.1	39.0	106.4	0.0
Increase/(Decrease) in Prepaid Expenses	3.5	-3.5	3.5	-4.9	10.9	-1.4	1.1	-1.1	1.8	1.0	1.4	0.0
Changes in Trading Securities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	0.0	1.5	-1.5	49.0	-9.8	-14.5	-24.7	-19.3	-16.8	-16.3	-13.9	0.0
Corporate Income Tax Paid	2.3	-0.0	0.0	-0.1	-0.6	10.6	-10.7	0.0	-4.2	-2.5	-4.0	0.0
Other Operating Receipts	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Operating Activities	2.8	-0.9	0.9	-374.7	-90.8	-2.0	7.3	-50.2	67.0	-132.3	-41.7	14.3
Payments for Fixed Assets and Other Long-term Assets	0.0	0.0	0.0	0.0	23.8	-29.8	-1.7	19.6	-29.8	-37.0	-3.6	-3.3
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.0	0.0	0.0	-5.6	-0.2	4.6	1.3	-5.0	-30.9	35.9	0.0	34.8
Loans and Purchases of Debt Instruments	0.0	0.0	0.0	45.5	-30.1	101.3	-116.7	-30.7	-14.0	4.9	-10.0	-20.0
Receipts from Loan Repayments and Sale of Debt Instruments	0.0	0.0	0.0	0.0	44.1	-44.1	103.0	40.8	-12.4	12.4	0.0	39.5
Investments in Other Entities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	0.1	-0.1	0.1	-2.6	-1.2	2.6	1.2	-1.8	4.3	-0.6	1.7	0.0
Increase/(Decrease) in Term Deposits	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Receipts	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Payments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	0.1	-0.1	0.1	37.2	36.4	34.6	-12.9	22.9	-82.7	15.7	-11.9	52.0
Proceeds from Equity Issuance and Capital Contributions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Share Repurchases	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-6,916,000.00
Proceeds from Borrowings	0.0	0.0	0.0	18.0	241.6	243.5	562.2	544.9	477.3	565.8	588.4	378.3
Repayment of Borrowings	-1.5	1.5	-1.5	318.9	-194.5	-278.1	-523.5	-607.6	-412.6	-455.0	-499.6	-380.4
Repayment of Finance Leases	0.0	0.0	0.0	0.0	2.8	-8.5	-13.9	65.9	-73.7	-16.0	-21.1	-16.5
Dividends Paid	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-6.3
Other Financing Receipts	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Financing Payments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-1.5	1.5	-1.5	336.9	49.9	-43.0	24.8	3.2	-9.0	94.9	67.7	-24.9
Net Cash Flow During the Period	1.4	0.5	-0.5	-0.5	-4.5	-10.4	19.2	-24.0	-24.8	-21.8	14.0	41.4
Cash and Cash Equivalents at Beginning of Period	2.6	0.0	1.4	2.6	2.6	2.6	1.4	59.8	59.8	59.8	59.8	16.4
FX Difference from Revaluation	0.0	0.0	0.0	0.0	0.0	-0.0	0.0	-0.5	0.0	-0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	4.0	0.0	0.9	6.3	6.9	11.4	20.6	2.6	27.1	51.9	73.7	57.8

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DAG

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