Amalgamated Electricity Company Key Ratios

Dupont Analysis

Metric	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013
ROE	3.76%	5.52%	2.22%	4.34%	-1.04%
PAT margin	-21.02%	33.29%	86.50%	96.00%	371.06%
Asset Turnover	0.01x	0.02x	0.00x	0.05x	0.11x
Leverage	1.39x	1.53x	1.43x	1.39x	1.38x

Metric	Mar 2009	Mar 2010	Mar 2012	Mar 2013
Inventory Days	0.0	0.0	0.0	0.0
Receivable Days	1016.2	4883.9	2514.1	584.7
Payable Days	0.0	0.0	0.0	0.0
Cash Conversion Cycle	1016.2	4883.9	2514.1	584.7

Metric	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013
ROE	3.76%	5.52%	2.22%	4.34%	-1.04%
ROCE	3.79%	6.11%	4.29%	5.39%	0.86%
ROA	2.71%	3.60%	1.55%	3.11%	-0.76%