Motilal Oswal Home Finance Limited (MOFL)

₹11.95

0.00% 22 JUNE 2026

Listing Status:

motilaloswal.com

•••• ••••

•••

Key Metrics of Motilal Oswal Financial Services

Market Cap
Total Equity Funding$28M in 2 rounds
Latest Funding Round$78M, Post IPO May 21, 2015
Post Money Valuation—
Annual Revenue₹488 Cr
EBITDA₹219 Cr
EBITDA Margin44.88%
Net Profit₹151 Cr
Net Profit Margin30.99%

About the Company

Provider of brokerage services for equity stocks and financial instruments. This entity facilitates trading in stocks, derivatives, financing, commodities, and...

Price on BSE Volume

Funding Rounds

Total Rounds: 2 Motilaloswal

S.No.	Date	Round Name	Amount	TTM Revenue	Investors & Facilitators
1.	May 21, 2015	Post IPO	$78M	$5.2M	-
2.	Apr 19, 2006	Series B	$27.6M	-	Inst: Bessemer Venture Partners, New Vernon Wealth Management Facil: Avendus

Financial Statements

Revenue - INR (Cr)

Net Profit/Loss - INR (Cr)

Select a year from the tabs

FY 24-25

FY 23-24

FY 22-23

FY 21-22

FY 20-21

FY 19-20

FY 18-19

FY 17-18

FY 16-17

FY 15-16

FY 14-15

FY 13-14

Detailed Income Statement

FY 24-25 (in Cr)

488.5

488.4

323.0

165.4

Other income

0.1

291.4

Cost of materials consumed

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Employee benefit expense

207.9

Finance costs

20.7

1.6

61.3

Consumption of stores and spare parts

Power and fuel

1.2

Rent

Repairs to building

Repairs to machinery

Insurance

0.2

0.1

Printing stationery

3.1

Information technology expenses

1.9

Travelling conveyance

3.7

Legal professional charges

6.0

Training recruitment expenses

0.0

Directors sitting fees

Advertising promotional expenses

7.9

Commission paid other selling agents

11.8

Loss on disposal of intangible asset

Loss on disposal discard demolishment and destruction of depreciable tangible asset

0.0

Miscellaneous expenses

2.3

CSR expenditure

1.7

Cost repairs maintenance other assets

0.4

Donations Subscriptions

Telephone postage

0.1

Total profit before exceptional items, extraordinary items and tax

197.0

Total profit before tax

197.0

45.7

Total profit (loss) for period from continuing operations

151.4

Total profit (loss) for period

151.4

Basic earning per equity share

0.0

Diluted earnings per equity share

0.0

Detailed Balance Sheet

FY 24-25 (in Cr)

973.9

498.6

475.2

18.4

456.9

973.9

395.1

36.8

358.3

Deferred tax assets (net)

Other non-current assets

578.8

Inventories

552.1

Current tax assets

Other current assets

26.7

Detailed Cash Flow Statement	FY 24-25 (in Cr)
Net cash from / (used in) operating activities	(213.6)
Net cash from / (used in) investing activities	70.1
Net cash from / (used) in financing activities	191.9
Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes	48.4
Net increase / (decrease) in cash and cash equivalents	48.4
Cash and cash equivalents at the beginning of the year	4.9
Cash and cash equivalents at the end of the year	53.3

Detailed Income Statement

FY 23-24 (in Cr)

368.5

367.9

267.8

100.2

Other income

0.5

213.9

Cost of materials consumed

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Employee benefit expense

152.5

Finance costs

18.2

1.4

41.7

Consumption of stores and spare parts

Power and fuel

1.3

Rent

Repairs to building

Repairs to machinery

Insurance

0.9

0.1

Printing stationery

1.4

Information technology expenses

1.3

Travelling conveyance

3.2

Legal professional charges

2.5

Training recruitment expenses

0.1

Directors sitting fees

Advertising promotional expenses

7.3

Commission paid other selling agents

7.0

Loss on disposal of intangible asset

Loss on disposal discard demolishment and destruction of depreciable tangible asset

0.0

Miscellaneous expenses

1.5

CSR expenditure

1.4

Cost repairs maintenance other assets

0.5

Donations Subscriptions

Telephone postage

0.1

Total profit before exceptional items, extraordinary items and tax

154.6

Total profit before tax

154.6

35.2

Total profit (loss) for period from continuing operations

119.4

Total profit (loss) for period

119.4

Basic earning per equity share

0.0

Diluted earnings per equity share

0.0

Detailed Balance Sheet

FY 23-24 (in Cr)

463.7

347.3

116.3

20.7

95.6

463.7

352.7

5.3

347.3

Deferred tax assets (net)

Other non-current assets

111.0

Inventories

109.4

Current tax assets

Other current assets

1.6

Detailed Cash Flow Statement	FY 23-24 (in Cr)
Net cash from / (used in) operating activities	49.0
Net cash from / (used in) investing activities	(48.2)
Net cash from / (used) in financing activities	(0.3)
Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes	0.6
Net increase / (decrease) in cash and cash equivalents	0.6
Cash and cash equivalents at the beginning of the year	4.3
Cash and cash equivalents at the end of the year	4.9

Detailed Income Statement

FY 22-23 (in Cr)

216.6

193.8

22.8

Other income

0.0

154.8

Cost of materials consumed

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Employee benefit expense

108.1

Finance costs

12.8

1.3

32.5

Consumption of stores and spare parts

Power and fuel

0.5

Rent

Repairs to building

Repairs to machinery

Insurance

0.6

0.1

Printing stationery

0.6

Information technology expenses

1.2

Travelling conveyance

2.0

Legal professional charges

3.6

Training recruitment expenses

0.2

Directors sitting fees

Advertising promotional expenses

3.1

Commission paid other selling agents

5.3

Loss on disposal of intangible asset

Loss on disposal discard demolishment and destruction of depreciable tangible asset

0.0

Miscellaneous expenses

1.3

CSR expenditure

1.0

Cost repairs maintenance other assets

0.4

Donations Subscriptions

0.4

Telephone postage

0.1

Total profit before exceptional items, extraordinary items and tax

61.8

Total profit before tax

61.8

16.7

Total profit (loss) for period from continuing operations

45.1

Total profit (loss) for period

45.1

Basic earning per equity share

0.0

Diluted earnings per equity share

0.0

Detailed Balance Sheet

FY 22-23 (in Cr)

273.4

228.3

45.1

5.0

40.1

273.4

221.5

5.1

214.7

Deferred tax assets (net)

0.3

Other non-current assets

1.5

51.9

Inventories

50.9

Current tax assets

Other current assets

1.0

Detailed Cash Flow Statement	FY 22-23 (in Cr)
Net cash from / (used in) operating activities	119.0
Net cash from / (used in) investing activities	(119.1)
Net cash from / (used) in financing activities	0
Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes	(0.2)
Net increase / (decrease) in cash and cash equivalents	(0.2)
Cash and cash equivalents at the beginning of the year	4.5
Cash and cash equivalents at the end of the year	4.3

Detailed Income Statement

FY 21-22 (in Cr)

242.6

183.3

Other operating revenues

59.3

Other income

0.0

133.3

Cost of materials consumed

Purchases of stock-in-trade

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Employee benefit expense

84.8

Finance costs

21.6

1.3

25.6

Consumption of stores and spare parts

Power and fuel

0.4

Rent

Repairs to building

Repairs to machinery

Insurance

0.5

0.8

Printing stationery

0.6

Information technology expenses

0.9

Travelling conveyance

0.9

Legal professional charges

2.4

Training recruitment expenses

0.0

Directors sitting fees

Advertising promotional expenses

0.7

Commission paid other selling agents

3.8

Loss on disposal of intangible asset

Loss on disposal discard demolishment and destruction of depreciable tangible asset

0.0

Miscellaneous expenses

1.0

CSR expenditure

0.5

Cost repairs maintenance other assets

0.3

Subscriptions Membership Fees

0.1

Donations Subscriptions

Telephone postage

0.1

Total profit before exceptional items, extraordinary items and tax

109.3

Total profit before tax

109.3

27.1

Total profit (loss) for period from continuing operations

82.2

Total profit (loss) for period

82.2

Basic earning per equity share

0.0

Diluted earnings per equity share

0.0

Detailed Balance Sheet

FY 21-22 (in Cr)

219.1

183.2

35.9

4.5

31.4

219.1

99.4

4.8

94.6

Deferred tax assets (net)

Other non-current assets

119.7

Inventories

118.0

Current tax assets

Other current assets

1.7

Detailed Cash Flow Statement	FY 21-22 (in Cr)
Net cash from / (used in) operating activities	(2.6)
Net cash from / (used in) investing activities	1.9
Net cash from / (used) in financing activities	0
Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes	(0.7)
Net increase / (decrease) in cash and cash equivalents	(0.7)
Cash and cash equivalents at the beginning of the year	5.2
Cash and cash equivalents at the end of the year	4.5

Detailed Income Statement

FY 20-21 (in Cr)

142.3

120.3

Other operating revenues

22.0

Other income

(0.0)

90.0

Cost of materials consumed

Purchases of stock-in-trade

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Employee benefit expense

68.4

Finance costs

0.1

1.1

Expenditure on production, transportation and other expenditure pertaining to exploration and production activities

20.4

Consumption of stores and spare parts

Power and fuel

0.3

Rent

Repairs to building

Repairs to machinery

Insurance

0.4

0.1

Printing stationery

0.2

Information technology expenses

0.8

Travelling conveyance

0.5

Legal professional charges

0.7

Training recruitment expenses

0.0

Directors sitting fees

Advertising promotional expenses

0.2

Commission paid other selling agents

3.4

Loss on disposal of intangible asset

Loss on disposal discard demolishment and destruction of depreciable tangible asset

0.0

Miscellaneous expenses

0.7

CSR expenditure

0.4

Cost repairs maintenance other assets

0.2

Subscriptions Membership Fees

0.0

Telephone postage

0.1

Total profit before exceptional items, extraordinary items and tax

52.3

Exceptional items before tax

Total profit before tax

52.3

11.2

Total profit (loss) for period from continuing operations

41.1

Total profit (loss) for period

41.1

Basic earning per equity share

0.0

Diluted earnings per equity share

0.0

Detailed Balance Sheet

FY 20-21 (in Cr)

126.1

100.5

25.7

0.5

25.1

126.1

94.2

4.5

89.5

Deferred tax assets (net)

0.3

Other non-current assets

31.9

Inventories

31.1

Current tax assets

Other current assets

0.8

Detailed Cash Flow Statement	FY 20-21 (in Cr)
Net cash from / (used in) operating activities	23.1
Net cash from / (used in) investing activities	1.5
Net cash from / (used) in financing activities	(20.3)
Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes	4.3
Net increase / (decrease) in cash and cash equivalents	4.3
Cash and cash equivalents at the beginning of the year	0.9
Cash and cash equivalents at the end of the year	5.2

Detailed Income Statement

FY 19-20 (in Cr)

100.4

100.3

Other operating revenues

Other income

0.1

96.0

Cost of materials consumed

Purchases of stock-in-trade

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Employee benefit expense

63.9

Finance costs

0.4

1.0

Expenditure on production, transportation and other expenditure pertaining to exploration and production activities

30.7

Consumption of stores and spare parts

Power and fuel

0.4

Rent

Repairs to building

Repairs to machinery

Insurance

0.4

0.1

Printing stationery

0.6

Information technology expenses

0.8

Travelling conveyance

1.9

Legal professional charges

0.7

Training recruitment expenses

0.1

Directors sitting fees

Advertising promotional expenses

1.8

Commission paid other selling agents

3.0

Loss on disposal of intangible asset

Loss on disposal discard demolishment and destruction of depreciable tangible asset

0.0

Miscellaneous expenses

4.6

CSR expenditure

0.6

Cost repairs maintenance other assets

0.2

Subscriptions Membership Fees

0.1

Donations Subscriptions

0.0

Telephone postage

0.1

Total profit before exceptional items, extraordinary items and tax

4.4

Exceptional items before tax

Total profit before tax

4.4

1.8

Total profit (loss) for period from continuing operations

2.6

Total profit (loss) for period

2.6

Basic earning per equity share

0.0

Diluted earnings per equity share

0.0

Detailed Balance Sheet

FY 19-20 (in Cr)

98.0

79.2

18.8

0.5

18.2

98.0

77.7

4.8

70.5

Deferred tax assets (net)

1.7

Other non-current assets

0.7

20.3

Detailed Cash Flow Statement	FY 19-20 (in Cr)
Net cash from / (used in) operating activities	11.5
Net cash from / (used in) investing activities	(11.5)
Net cash from / (used) in financing activities	0.3
Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes	0.3
Net increase / (decrease) in cash and cash equivalents	0.3
Cash and cash equivalents at the beginning of the year	0.6
Cash and cash equivalents at the end of the year	0.9

Detailed Income Statement

FY 18-19 (in Cr)

110.4

110.1

107.5

Other operating revenues

2.7

Other income

0.2

88.8

Cost of materials consumed

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Employee benefit expense

62.0

Finance costs

0.4

0.6

25.8

Consumption of stores and spare parts

Power and fuel

0.4

Rent

6.0

Repairs to building

Repairs to machinery

Insurance

0.2

0.1

Printing stationery

0.8

Information technology expenses

0.8

Travelling conveyance

2.3

Legal professional charges

1.2

Training recruitment expenses

0.5

Directors sitting fees

Advertising promotional expenses

1.4

Loss on disposal of intangible asset

Loss on disposal discard demolishment and destruction of depreciable tangible asset

0.0

Miscellaneous expenses

10.4

CSR expenditure

0.6

Cost repairs maintenance other assets

0.1

Subscriptions Membership Fees

0.1

Donations Subscriptions

(0.0)

Telephone postage

0.2

Total profit before exceptional items, extraordinary items and tax

21.6

Total profit before tax

21.6

6.3

Total profit (loss) for period from continuing operations

15.3

Total profit (loss) for period

15.3

Detailed Balance Sheet

FY 18-19 (in Cr)

94.5

76.0

18.5

12.4

6.0

94.5

7.3

4.9

Deferred tax assets (net)

1.1

Other non-current assets

1.2

87.3

Inventories

85.7

Current tax assets

1.5

Other current assets

Detailed Cash Flow Statement	FY 18-19 (in Cr)
Net cash from / (used in) operating activities	1.7
Net cash from / (used in) investing activities	(1.6)
Net cash from / (used) in financing activities	0
Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes	0.1
Net increase / (decrease) in cash and cash equivalents	0.1
Cash and cash equivalents at the beginning of the year	0.4
Cash and cash equivalents at the end of the year	0.6

Detailed Income Statement

FY 17-18 (in Cr)

103.6

Other income

0.0

67.1

Cost of materials consumed

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Employee benefit expense

52.4

Finance costs

0.4

0.6

13.8

Consumption of stores and spare parts

Power and fuel

0.2

Rent

1.5

Repairs to building

Repairs to machinery

Insurance

0.0

0.1

Printing stationery

0.7

Travelling conveyance

2.0

Legal professional charges

0.9

Training recruitment expenses

0.1

Directors sitting fees

Advertising promotional expenses

2.5

Loss on disposal of intangible asset

Loss on disposal discard demolishment and destruction of depreciable tangible asset

0.0

Miscellaneous expenses

5.5

CSR expenditure

Cost repairs maintenance other assets

0.1

Subscriptions Membership Fees

0.1

Telephone postage

0.2

Total profit before exceptional items, extraordinary items and tax

36.5

Total profit before tax

36.5

9.9

Total profit (loss) for period from continuing operations

26.6

Total profit (loss) for period

26.6

Detailed Balance Sheet

FY 17-18 (in Cr)

87.7

60.6

27.1

14.9

12.1

87.7

5.5

3.2

Deferred tax assets (net)

0.9

Other non-current assets

1.3

82.2

Inventories

81.5

Current tax assets

0.7

Other current assets

Detailed Cash Flow Statement	FY 17-18 (in Cr)
Net cash from / (used in) operating activities	25.6
Net cash from / (used in) investing activities	(26.1)
Net cash from / (used) in financing activities	0
Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes	(0.5)
Net increase / (decrease) in cash and cash equivalents	(0.5)
Cash and cash equivalents at the beginning of the year	0.9
Cash and cash equivalents at the end of the year	0.4

Detailed Income Statement

FY 16-17 (in Cr)

72.0

68.6

Other income

3.5

51.5

Cost of materials consumed

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Employee benefit expense

37.0

Finance costs

1.2

0.5

12.8

Consumption of stores and spare parts

Power and fuel

0.2

Rent

1.5

Repairs to building

Repairs to machinery

Insurance

Rates and taxes excluding taxes on income

0.0

Printing stationery

0.6

Travelling conveyance

1.9

Legal professional charges

0.4

Training recruitment expenses

0.0

Directors sitting fees

Advertising promotional expenses

1.1

Provision bad doubtful debts created

Provision bad doubtful loans advances created

Loss on disposal of intangible asset

Loss on disposal discard demolishment and destruction of depreciable tangible asset

0.0

Miscellaneous expenses

6.4

CSR expenditure

Subscriptions Membership Fees

0.3

Donations Subscriptions

0.2

Telephone postage

0.3

Total profit before prior period items, exceptional items, extraordinary items and tax

20.5

Total profit before extraordinary items and tax

20.5

Total profit before tax

20.5

7.3

Total profit (loss) for period from continuing operations

13.2

Total profit (loss) for period before minority interest

13.2

Total profit (loss) for period

13.2

Basic earning per equity share

0.0

Diluted earnings per equity share

0.0

Nominal value of per equity share

0.0

Detailed Balance Sheet

FY 16-17 (in Cr)

56.0

34.5

21.4

2.1

19.3

56.0

34.9

21.1

Detailed Cash Flow Statement	FY 16-17 (in Cr)
Cash flow from operating activities	23.5
Net cash from / (used in) operating activities	23.5
Cash flow from investing activities	(27.6)
Net cash from / (used in) investing activities	(27.6)
Cash flow from financing activities	3.2
Net cash from / (used) in financing activities	3.2
Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes	(0.9)
Net increase / (decrease) in cash and cash equivalents	(0.9)
Cash and cash equivalents at the end of the year	0.9

Detailed Income Statement

FY 15-16 (in Cr)

44.4

39.3

Other income

5.1

33.5

Cost of materials consumed

Purchases of stock-in-trade

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Employee benefit expense

22.4

Finance costs

2.6

0.4

7.9

Consumption of stores and spare parts

Power and fuel

0.2

Rent

1.1

Repairs to building

Repairs to machinery

Insurance

0.0

Printing stationery

0.5

Travelling conveyance

0.7

Legal professional charges

0.6

Training recruitment expenses

0.0

Directors sitting fees

Advertising promotional expenses

0.5

Provision bad doubtful debts created

Provision bad doubtful loans advances created

Loss on disposal of intangible asset

Loss on disposal discard demolishment and destruction of depreciable tangible asset

0.0

Miscellaneous expenses

3.3

CSR expenditure

0.1

Cost repairs maintenance other assets

0.1

Subscriptions Membership Fees

0.2

Donations Subscriptions

0.4

Telephone postage

0.2

Total profit before prior period items, exceptional items, extraordinary items and tax

10.9

Total profit before extraordinary items and tax

10.9

Extraordinary items before tax

Total profit before tax

10.9

3.8

Total profit (loss) for period from continuing operations

7.1

Total profit (loss) for period before minority interest

7.1

Total profit (loss) for period

7.1

Basic earning per equity share

0.0

Diluted earnings per equity share

0.0

Detailed Balance Sheet

FY 15-16 (in Cr)

29.9

21.1

8.8

1.2

7.7

29.9

4.1

25.9

Detailed Cash Flow Statement	FY 15-16 (in Cr)
Cash flow from operating activities	(6.0)
Net cash from / (used in) operating activities	(6.0)
Cash flow from investing activities	3.8
Net cash from / (used in) investing activities	3.8
Cash flow from financing activities	(2.6)
Net cash from / (used) in financing activities	(2.6)
Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes	(4.7)
Net increase / (decrease) in cash and cash equivalents	(4.7)
Cash and cash equivalents at the beginning of the year	6.6
Cash and cash equivalents at the end of the year	1.9

Detailed Income Statement

FY 14-15 (in Cr)

29.9

20.5

Cost of materials consumed

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Employee benefit expense

14.6

Finance costs

0.0

0.4

5.5

Consumption of stores and spare parts

Power and fuel

0.2

Rent

1.1

Repairs to building

Repairs to machinery

Insurance

Rates and taxes excluding taxes on income

0.0

Printing stationery

0.3

Information technology expenses

0.0

Travelling conveyance

0.7

Legal professional charges

0.3

Training recruitment expenses

0.1

Directors sitting fees

Advertising promotional expenses

0.2

Provision bad doubtful debts created

Provision bad doubtful loans advances created

Loss on disposal of intangible asset

Loss on disposal discard demolishment and destruction of depreciable tangible asset

0.0

Miscellaneous expenses

2.3

CSR expenditure

Subscriptions Membership Fees

0.0

Donations Subscriptions

0.2

Telephone postage

0.1

Total profit before prior period items, exceptional items, extraordinary items and tax

9.4

Total profit before extraordinary items and tax

9.4

Total profit before tax

9.4

2.9

Total profit (loss) for period from continuing operations

6.5

Total profit (loss) for period before minority interest

6.5

Total profit (loss) for period

6.5

Basic earning per equity share

0.0

Diluted earnings per equity share

0.0

Nominal value of per equity share

0.0

Detailed Balance Sheet

FY 14-15 (in Cr)

20.6

13.9

6.6

0.3

6.3

20.6

4.0

16.6

Detailed Cash Flow Statement	FY 14-15 (in Cr)
Cash flow from operating activities	6.4
Net cash from / (used in) operating activities	6.4
Cash flow from investing activities	0.1
Net cash from / (used in) investing activities	0.1
Cash flow from financing activities	(0.0)
Net cash from / (used) in financing activities	(0.0)
Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes	6.4
Net increase / (decrease) in cash and cash equivalents	6.4
Cash and cash equivalents at the beginning of the year	0.2
Cash and cash equivalents at the end of the year	6.6

Detailed Income Statement

FY 13-14 (in Cr)

13.6

11.7

Employee benefit expense

8.0

Finance costs

0.0

0.3

3.3

Power and fuel	0.2
Rent	0.8
Insurance	0
Total rates and taxes excluding taxes on income	0.0
Subscriptions membership fees	0.2
Telephone postage	0.1
Printing stationery	0.2
Information technology expenses	0.2
Travelling conveyance	0.3
Entertainment expenses	0.0
Legal professional charges	0.3
Training recruitment expenses	0.0
Donations subscriptions	0
Advertising promotional expenses	0.2
Commission paid other selling agents	0
Cost repairs maintenance other assets	0
Cost lease rentals	0
Cost technical services	0
Total payments to auditor	0.0
CSR expenditure	0
Miscellaneous expenses	0.8

Total profit before prior period items, exceptional items, extraordinary items and tax

1.9

Prior period items before tax

0.1

Total profit before extraordinary items and tax

2.0

Total profit before tax

2.0

0.8

Total profit (loss) for period from continuing operations

1.2

Detailed Balance Sheet

FY 13-14 (in Cr)

9.6

4.7

4.9

9.6

7.5

2.1

0.1

1.9

Detailed Cash Flow Statement	FY 13-14 (in Cr)
Cash flow from operating activities	(1.3)
Net cash from/(used in) operating activities	(1.3)
Cash flow from investing activities	1.5
Net cash from/(used in) investing activities	1.5
Cash flow from financing activities	(0.0)
Net cash from/(used) in financing activities	(0.0)
Net increase/(decrease) in cash and cash equivalents before effect of exchange rate changes	0.2
Effect of exchange rate changes on cash and cash equivalents	0
Net increase /(decrease) in cash and cash equivalents	0.2
Cash and cash equivalents at the beginning of the year	(0.0)
Cash and cash equivalents at the end of the year	0.2