May 9, 2024
Summary of FY 2023 Consolidated Financial Results (Under IFRS)AIR WATER INC.
Head Office: 12-8, Minami semba 2-chome,
Chuo-ku, Osaka, Japan(Note: All amounts are rounded down to the nearest million yen.)
1. Results for FY 2023 (The year ended March 31, 2024)(1) Consolidated operating results(% of change from previous year)
Revenue

FY2023
FY2022Millionyen
1,024,540
1,004,914

%
2.0
13.1

Operating profit

Profit before
tax

Millionyen
68,272
62,181Millionyen
66,71260,978%9.8-4.6

ProfitMillionyen
46,13542,649

%
9.4
-5.1

%
8.2
-7.8

ProfitTotal
attributable to comprehensive
owners ofincomeparentMillionMillion%%yen
yen
44,360 10.5 82,347 60.8
40,137-7.1
51,206-5.4

Yen

Ratio of profit toequity attributableto owners of parent%

Ratio of profit
before tax to total
assets
%194.69194.52

9.7

5.8

6.7

176.84176.66

9.7

5.8

6.2

Ratio of equity
attributableto owners of parent
to total assets
%
40.0
39.4

Equity attributableto owners of parent
per share

Basic earnings
per share

Diluted earnings
per shareYen
FY2023
FY2022

Ratio of operating
profit to revenue%(Reference) Share of profit of investments accounted for using the equity method:
2,056 million yen for FY2023, 2,502 million yen for FY2022(2) Consolidated financial position

FY2023
FY2022

Total assets

Total equity

Equity attributableto owners of parent

Million yen
1,222,696
1,091,645

Million yen
508,485
446,482

Million yen
488,557
430,232

Yen
2,140.68
1,892.36(3) Consolidated cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

FY2023

Million yen
79,625

Million yen-97,966

Million yen
14,723

Cash and cash
equivalents at end ofyear
Million yen
64,975

FY2022

56,953-71,135

19,25765,9441

2. Dividends
Dividend per share

FY2022Total
amount ofdividends

Dividend
payout ratio

Ratio ofdividends toequityattributable toowners ofparentEnd offirstquarterYen－

End ofsecondquarterYen
28.00

End ofthird
quarter
Yen－

YearendAnnual

Yen
32.00

Yen
60.00

Million yen
13,736

%
33.9

%
3.3

－

30.00

－

34.00

64.00

14,659

32.9

3.2

－

32.00

－

32.00

64.00

FY2023
FY2024(Forecasts)

29.2

3. Forecast of consolidated operating results for FY2024 (The year ending March 31, 2025)(% of change from previous year)
Revenue

Operating profit

Profit before tax

Profit attributable toowners of parent

Basic earnings
per share

Millionyen%

Millionyen%

Millionyen%

Million
yen

%

Yen

FY2024(1st half)

510,000

6.9

33,00016.3

32,00015.0

21,000

21.3

92.01

FY2024(Full year)

1,100,000

7.4

78,00014.2

76,00013.9

50,00012.7

219.08Notes(1) Significant changes in subsidiaries during the period (changes in specified subsidiaries with changes in the scope of
consolidation): None
(2) Changes in accounting policies and changes in accounting estimatesa. Changes in accounting policies required by IFRS:
Noneb. Changes in accounting policies other than (a):Nonec. Changes in accounting estimates:
None(3) Number of shares outstanding (ordinary shares)
a. Total number of shares outstanding (including treasury shares)
As of March 31, 2024:
229,755,057 shares
As of March 31, 2023:
229,755,057 sharesb. Number of shares of treasury shares
As of March 31, 2024:
1,529,317 shares
As of March 31, 2023:
2,402,613 sharesc. Average number of shares during the term
Year ended March 31, 2024:
227,856,414 sharesYear ended March 31, 2023:
226,972,674 shares

2

(Reference) Non-consolidated financial results
1. Results of non-consolidated operations for FY2023 (The year ended March 31, 2024)(1) Non-consolidated operating results(% of change from previous year)
Net sales

Operating income

Ordinary income

Net income

Million yen%

Million yen%

Million yen%

Million yen%

FY2023

145,511-13.9-6,248－16,88865.3

19,41818.0

FY2022

169,01419.2-7,904－

10,219-29.3

16,453

27.1

Yen

Fully diluted net
income per shareYen

FY2023

85.22

85.16

FY2022

72.49

72.42

Net income per share(2) Non-consolidated financial position
Total assets

Net assets

Equity ratio

Net assets per share

Million yen

Million yen%

Yen

FY2023622,669

223,10535.8

976.72

FY2022568,827

216,20938.0

949.74(Reference) Shareholder’s equity: 222,911 million yen for FY2023, 215,925 million yen for FY2022* This report is exempt from review procedure based on the Financial Instruments and Exchange Act.
* Explanations and other special notes concerning the appropriate use of business performance forecasts
・The forward-looking statements such as result forecasts included in this document are based on the information
available to AIR WATER INC. (hereinafter “the Company”) at the time of the announcement and on certain
assumptions considered reasonable. Actual results may differ materially from the forecast depending on a range offactors.

3

4. Summary of operating results(1) Explanation of Operating Results1) Operating results for the current period
Consolidated fiscal year, the Group’s revenue was ¥1,024,540 million (102.0％ that of the previous year), operating
profit was ¥68,272 million (109.8％), and profit attributable to owners of parent was ¥44,360 million (110.5％). The
Company achieved a new record high.
During the consolidated fiscal year, the Japanese economy was gently on a recovery track. Socioeconomic activities
steadily returned to normal after the COVID-19 pandemic and capital expenditure associated with semiconductor field
for the future, labor saving and reductions in CO2 emissions remained solid. However, the future remained uncertain,
mainly due to growing tension in Ukraine and in the Middle East, inflation in the West and the resulting continuationof monetary tightening, in addition to weakness in the current semiconductor market, ongoing depreciation of the yen in
the foreign exchange market.
In these circumstances, the Group improved profitability to support groupwide performance, mainly after pricerevisions, particularly in the industrial gas business in Japan. A significant turnaround in the woody biomass power
generation business and other factors produced positive effects on performance.
(Main activities)
The Group bolstered the profitability of existing businesses in Japan through integrated Group management based on
business units. It also accelerated efforts to build a foundation for the overseas business as a future growth area and toaddress issues in carbon neutrality and agriculture, with a view to solving social issues.
For existing businesses in Japan, the Group advanced the integration and reorganization of Group companies in orderto establish core companies that would achieve autonomous growth in separate business units. In addition, the Group
implemented thorough price management, including reviews of low-profit projects, in order to ensure a profit levelappropriate for the value of products and services. It also worked on profit growth measures, including those for raisingproductivity.
Among its overseas businesses, the Group carried out active investment in North America and India, which are key
strategic areas, and expanded infrastructure for the industrial gas business. In North America, the Group purchased
multiple gas dealerships, launched the construction of a on-site gas plant in New York, which would be the Group’s firstown gas manufacturing based in North America, and entered a helium gas business. In India, the Group received neworders for large onsite gas supply project from Steel Authority of India Limited (SAIL), a state-run steel company. In
addition, the construction of a liquefied gas production plant in southern India and gas filling stations in the northern
region progressed as planned.
With respect to carbon neutrality-related activities, the Group worked on "VERPA," a vertical solar power generation
system, and build a bio-methane supply chain in a bid for business creation through resolution of social issues. Serving
as an alternative fuel to liquefied natural gas (LNG), the bio-methane is produced from livestock excreta. In expectationof diverse demands for CO2 emission reduction such as CO2 collection and reuse, low-carbon hydrogen, and ammonia,
the Group worked to build a group-wide system of business promotion. In the agriculture segment, food security andimprovement in self-sufficiency in food products are now social issues. The Group restructured its agriculture production
and processing business structure in Hokkaido. It formed capital and business alliances among the industry's four major
companies to strengthen the platform for distribution and processing of fruit and vegetables.

42) Consolidated results by segment for this period
Effective from the first quarter of the current fiscal year, the domestic engineering business andIndian industrial gas, etc.business, which were previously classified under "Digital & Industry," moved to "Other
Businesses," and the carbon dioxide and hydrogen business, which was previously classified under "Energy Solutions,"
has been moved to "Digital & Industry.
Segment information for the previous fiscal year is disclosed based on the reporting segment classification after thechange.
(Unit：Million yen)
Revenue
Operating profit
FY 2023
YoY Growth
FY 2023
YoY Growth
Digital & Industry
339,410100.4％
33,563128.5％
Energy Solutions
66,588
96.2％
4,042
94.9％
Health & Safety
230,865
97.8％
15,07897.4％
Agriculture & Foods
162,610106.4％
6,917
125.4％
Other Businesses
225,067
107.8％
10,802210.3％（Adjustment）－－％△2,132－％
Total
1,024,540
102.0％
68,272109.8％(Note) The adjustment to operating profit is due to costs incurred at the Company’s headquarters division which
was not allocated to any reporting segment.
(2) Outlook for the next fiscal year
We forecast revenue of ¥1,100,000 million, operating profit of ¥78,000 million, profit before tax of ¥76,000 million,
and profit attributable to owners of parent of ¥50,000 million for the next fiscal year. We expect to see a rise in revenue
and profit in all the segments.
With a view towards the terrAWell30 vision for FY2030, we are endeavoring to bolster our growth potential, tostrengthen profitability and to incubate new business. We have a policy of maximizing value created from synergies
among diverse businesses, human resources, and technologies, which constitute the Group's management resources. Inline with this, we have defined two growth axes, specifically the global environment and wellness.
For overseas expansion, we define India and North America as priority strategic areas, given that demand is expected
to grow in these two regions in terms of market size and potential. With the use of equipment and engineering technologies
that we have cultivated in the Japanese market, we will build a supply chain that will firmly capture gas demand in a bid
to speed up business expansion.
For existing businesses in Japan, we will continue with structural reforms, including the integration and reorganizationof Group companies. We will also strive to boost profitability and earnings capacity by means of price management,
optimal staff assignment, streamlining of distribution and procurement, digital transformation (DX) and other measures.
We will also work to establish new business models that will be helpful to technology development to realize adecarbonized society and solve local problems.
We understand that continuous investment in growth is essential for a medium- and long-term increase in the Group's
corporate value. The industrial gas business in India and North America is expected to enjoy continued market growth.
Not only in this business but also in the semiconductor and digital industry, decarbonization and green transformation(GX) and the agricultural business for stable food supply, positive efforts are being made to improve the environment for
reinforcing Japan's industrial foundations. Mainly in these areas, we will make capital investment for building grounds
for business growth and M&A investment for expanding business domains. Meanwhile, we will strengthen balance sheet
management to improve capital efficiency.
In the future, we will continue to promote human capital investment, considering business strategy and humanresources strategy to be the two pillars of management. Specifically, we will train 150 employees who can thrive in global
business situations, and we will reform the personnel system to encourage autonomous career development.
We will address carbon neutrality from two perspectives. First, we will fulfill our responsibility to reduce our5greenhouse gas (GHG) emissions. And second, we will make a contribution to reducing GHG emissions in society
through our business activities.
(3) Basic Principles of Profit Distribution and Dividends for the Fiscal Year and for the Next Fiscal Year
The Company has positioned returning profits to shareholders as one of the most important management issues, while
it works to enhance its management foundation to sustainably increase corporate value. The Company’s basic policy is
to ensure the stable distribution of dividends from surplus in line with its business results while taking into consideration
the enhancement of internal reserves that are needed for strategic investment and other purposes for medium- to longterm growth. Accordingly, we have set a standard of a dividend payout ratio of 30% of profit attributable to owners ofparent.
For the current fiscal year, the Company plans to pay an interim dividend of ¥30 and a year-end dividend of ¥34.
In total, the annual dividend will be ¥64 per share.
With regard to dividends for the next fiscal year, the Company expects to pay interim and year-end dividends of ¥32
per share, which will bring the annual dividend to ¥64 per share.

65. Consolidated Financial Statements and Significant Notes(1) Consolidated Statement of Financial Position (As of March 31, 2023 and March 31, 2024)(Unit：Million yen)

FY2022(March 31, 2023)
AssetsCurrent assets
Cash and cash equivalents
Trade and other receivables
Inventories
Other financial assets
Income taxes receivable
Other current assets
Total current assets
Non-current assets
Property, plant and equipment
Goodwill
Intangible assets
Investments accounted for using equity method
Retirement benefit asset
Other financial assets
Deferred tax assets
Other non-current assets
Total non-current assets
Total assets

7

FY2023(March 31, 2024)

65,944229,276
92,0146,151
4,307
33,444431,139

64,975240,584
92,643
11,7502,465
36,953449,372

443,443
65,13032,56832,6303,836
78,182
2,184
2,528
660,505
1,091,645

497,708
81,85946,24034,507
5,640
100,6212,705
4,038
773,323
1,222,696

FY2022(March 31, 2023)
Liabilities and equity
Liabilities
Current liabilities
Trade and other payables
Bonds and borrowings
Other financial liabilities
Income taxes payable
Provisions
Other current liabilities
Total current liabilities
Non-current liabilities
Bonds and borrowings
Other financial liabilities
Retirement benefit liability
Provisions
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities
EquityShare capital
Capital surplus
Treasury shares
Retained earnings
Other components of equity
Total equity attributable to owners of parent
Non-controlling interests
Total equity
Total liabilities and equity

8

FY2023(March 31, 2024)

166,601
83,340
5,035
10,127901
33,691
299,697

167,685
85,933
13,865
11,4181,049
37,528317,481

283,385
30,192
6,365
3,157
14,601
7,762
345,465
645,162

332,786
22,951
6,478
3,559
23,845
7,107
396,729714,21055,85549,962(3,532)
303,680
24,266430,232
16,249446,482
1,091,645

55,85549,097(2,217)335,11350,707
488,557
19,927508,485
1,222,696

(2) Consolidated Statement of Profit or Loss and Consolidated Statement of Comprehensive Income
Consolidated Statement of Profit or Loss
(April 1 to March 31, 2023 and 2024)(Unit：Million yen)

FY2022(April 1, 2022
to March 31, 2023)
Continuing operations
Revenue
Cost of sales
Gross profit
Selling, general and administrative expenses
Other income
Other expenses
Share of profit of investments accounted
for using equity method
Operating profit
Finance income
Finance costs
Profit before tax
Income tax expense
Profit from continuing operations
Discontinued operations
Profit (loss) from discontinued operations
ProfitProfit attributable to
Owners of parent
Non-controlling interests
ProfitEarnings per share
Basic earnings (loss) per share
Continuing operations
Discontinued operations
Basic earnings per share
Diluted earnings (loss) per share
Continuing operations
Discontinued operations
Diluted earnings per share

9

FY2023(April 1, 2023
to March 31, 2024)

1,004,914(804,830)
200,084(150,379)
15,049(5,075)

1,024,540(804,271)
220,268(158,411)
7,882(3,523)

2,502

2,056

62,181
2,051(3,253)60,978(18,023)
42,954

68,272
2,878(4,438)66,712(20,565)
46,146(305)
42,649(11)
46,135

40,1372,512
42,64944,3601,774
46,135178.18Yen(1.34)Yen
176.84Yen

194.74Yen(0.05)Yen
194.69Yen

178.00Yen(1.34)Yen
176.66Yen

194.57Yen(0.05)Yen
194.52Yen

Consolidated Statement of Comprehensive Income(April 1 to March 31, 2023 and 2024)(Unit：Million yen)

FY2022(April 1, 2022
to March 31, 2023)
ProfitOther comprehensive income
Items that will not be reclassified to profit orloss
Net change in fair value of financial assets
measured through other comprehensive
incomeRemeasurements of defined benefit plans
Share of other comprehensive income ofinvestments accounted for using equity
methodTotal of items that will not be reclassified to
profit or loss

FY2023(April 1, 2023
to March 31, 2024)

42,64946,135

3,237

8,222

972

1,435

27

109

4,237

9,768

6,630

13,757(2,408)12,594

97

91

4,319

26,443

8,557
51,20636,212
82,34749,671
1,535
51,20677,991
4,356
82,347

Items that may be reclassified to profit or loss
Exchange differences on translation offoreign operations
Effective portion of gains and losses on
hedging instruments in a cash flow hedge
Share of other comprehensive income ofinvestments accounted for using equity
methodTotal of items that may be reclassified to
profit or loss
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to
Owners of parent
Non-controlling interests
Comprehensive income10(3) Consolidated Statement of Changes in Equity
FY2022 (April 1, 2022 to March 31, 2023)(Unit：Million yen)
Equity attributable to owners of parent
Other components of equity
CapitalRetainedearnings

Exchangedifferences ontranslation offoreign operations

Capital surplus

Treasury shares

55,85552,638(4,838)275,158

Profit－－－40,137－－

Other comprehensive income

－

－

－

－

960

6,636

Comprehensive income

－

－

－

40,137960

6,636

Purchase of treasury shares

－

－

(2)

－

－

－

Disposal of treasury shares

－

24

1,309

－

－

－

Dividends－－－(13,047)－－

Share-based payment transactions
Increase (decrease) due tochanges in equity
Increase (decrease) due to newconsolidation
Increase (decrease) due to exclusion ofsubsidiaries from consolidation
Transfer from other components ofequity to retained earnings

－

－

－

－

－

－

－

(1,851)

－

－

－

－

－

－

－

500

－

176

－

－

－

－

－

－

－

－

－

931

(960)

－

Put option provided to non-controllingshareholders

－

(849)

－

－

－

－

Transfer to non-financial assets

－

－

－

－

－

－

Total transactions with owners－(2,676)

1,306(11,615)

(960)

176

Balance as of March 31, 2023

55,85549,962(3,532)

303,680－

11,427

Balance as of April 1, 2022

11

Remeasurementsof defined benefit
plans
－

4,614

(Unit：Million yen)
Equity attributable to owners of parent
Other components of equity
Net change in
Effective
fair value of
portion of gains
financial assets
and losses on
measuredhedging
through other
instruments in acomprehensive
cash flow hedge
incomeBalance as of April 1, 2022

Shareacquisitionrights

Noncontrollinginterests

Total

Total
equity

Total

7,416

3,995

291

16,317395,131

24,725419,857

－

－

－

－

40,1372,512

42,649Other comprehensive income

3,263(1,326)

－

9,533

9,533

(976)

8,557

ProfitComprehensive income

3,263(1,326)－

9,533

49,671

1,535

51,206

Purchase of treasury shares

－

－

－

－

(2)

－

(2)

Disposal of treasury shares

－

－

－

－

1,333

－

1,333

Dividends

－

－

－

－

(13,047)(602)(13,650)

Share-based payment transactions

－

－

(7)

(7)

(7)

－

(7)

－

－

－

－

(1,851)(4,264)(6,115)

－

－

－

176

677

769

1,446

－

－

－

－

－

(5,283)(5,283)

28

－

－

(931)

－

－

－

Put option provided to non-controllingshareholders

－

－

－

－

(849)

－

(849)

Transfer to non-financial assets

－

(822)

－

(822)

(822)

(629)

(1,452)

Increase (decrease) due tochanges in equity
Increase (decrease) due to newconsolidation
Increase (decrease) due to exclusion ofsubsidiaries from consolidation
Transfer from other components ofequity to retained earnings

Total transactions with owners

28

(822)

(7)

(1,585)(14,570)(10,011)(24,581)

Balance as of March 31, 2023

10,7081,846

284

24,266430,232

16,249446,482

12

FY2023 (April 1, 2023 to March 31, 2024)(Unit：Million yen)
Equity attributable to owners of parent
Other components of equity
CapitalRetainedearnings

Exchangedifferences ontranslation offoreign operations

Capital surplus

Treasury shares

55,85549,962(3,532)

303,680

Profit－－－44,360－－

Other comprehensive income

－

－

－

－

1,410

13,731

Balance as of April 1, 2023

Remeasurementsof defined benefit
plans－

11,427

Comprehensive income

－

－

－

44,3601,410

13,731

Purchase of treasury shares

－

－

(4)

－

－

－

Disposal of treasury shares

－

0

1,319

－

－

－

Dividends－－－(14,197)－－

Share-based payment transactions
Increase (decrease) due tochanges in equity
Increase (decrease) due to newconsolidation
Increase (decrease) due to exclusion ofsubsidiaries from consolidation
Transfer from other components ofequity to retained earnings

－

－

－

－

－

－

－

(670)

－

－

－

－

－

(4)

－

(891)

－

－

－

－

－

－

－

－

－

－

－

2,161

(1,410)－Put option provided to non-controllingshareholders

－

(190)

－

－

－

－

Transfer to non-financial assets

－

－

－

－

－

－

Total transactions with owners

－

(864)

1,314

(12,927)(1,410)－

Balance as of March 31, 2024

55,85549,097(2,217)335,113－

25,15913

(Unit：Million yen)
Equity attributable to owners of parent
Other components of equity
Net change in
Effective
fair value of
portion of gains
financial assets
and losses on
measuredhedging
through other
instruments in acomprehensive
cash flow hedge
incomeBalance as of April 1, 2023

Shareacquisitionrights

NonControllinginterests

Total

Total
equityTotal

10,7081,846

284

24,266430,232

16,249446,482

－

－

－

－

44,3601,774

46,135

Other comprehensive income

8,296

10,191－

33,63033,6302,581

36,212

ProfitComprehensive income

8,296

10,191－

33,63077,991

4,356

82,347Purchase of treasury shares

－

－

－

－

(4)

－

(4)

Disposal of treasury shares

－

－

－

－

1,319

－

1,319

Dividends

－

－

－

－

(14,197)(569)(14,767)

Share-based payment transactions

－

－

(90)

(90)

(90)

－

(90)

－

－

－

－

(670)

(334)

(1,004)－(3,281)－(3,281)(4,177)420(3,757)

－

－

－

－

－

－

－

(750)

－

－

(2,161)－－－

Put option provided to non-controllingshareholders

－

－

－

－

(190)

－

(190)

Transfer to non-financial assets－(1,655)－(1,655)(1,655)(194)(1,849)Total transactions with owners(750)(4,936)(90)(7,189)(19,666)(678)(20,344)

Balance as of March 31, 2024

18,2537,100

193

50,707

488,557

19,927508,485

Increase (decrease) due tochanges in equity
Increase (decrease) due to newconsolidation
Increase (decrease) due to exclusion ofsubsidiaries from consolidation
Transfer from other components ofequity to retained earnings14(4) Consolidated Statement of Cash Flow
(Unit：Million yen)

FY2022(April 1, 2022
to March 31, 2023)

FY2023(April 1, 2023
to March 31, 2024)

Cash flows from operating activities
Profit before tax

60,978

Profit (loss) before tax from discontinued operations(275)

66,712(11)

Depreciation and amortization

44,987

46,590Interest and dividend income(1,435)(1,913)

Interest expenses

2,411

3,592

Share of loss (profit) of investments accounted for using equity method(2,502)(2,056)

Loss (gain) on sale and retirement of fixed assets(3,266)(379)

Decrease (increase) in trade and other receivables(26,422)(5,172)

Decrease (increase) in inventories(14,689)

2,619

Increase (decrease) in trade and other payables

20,177(6,289)Decrease (increase) in contract assets

(942)

1,756

Increase (decrease) in contract liabilities(55)(1,624)(8,746)(6,203)70,217

97,619Other
SubtotalInterest received

480

503

Dividends received

1,492

1,700

Interest paid

(2,280)(3,488)

Income taxes paid

(12,956)(16,709)

Net cash provided by (used in) operating activities

56,953

79,625(64,549)(63,469)

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment

6,321

2,327

Purchase of intangible assets(2,120)(2,999)Purchase of investment securities(3,934)(6,226)

447

1,491

(5,284)(7,322)(231)(4,657)

Proceeds from sale of investment securities
Purchase of shares of subsidiaries resulting in change in scope of
consolidation
Payments for loans
Collection of loans receivable
Payments for acquisition of businesses
Other
Net cash provided by (used in) investing activities

907

1,594

(2,094)(20,133)

(595)

1,430

(71,135)(97,966)

Net cash provided by (used in) financing activities
Net increase (decrease) in short-term borrowings

6,080

(245)

Proceeds from long-term borrowings

52,176

41,128

Repayments of long-term borrowings(30,521)(37,180)

Proceeds from issuance of bonds

10,00030,000Additional purchase of shares of subsidiaries(1,302)(1,004)

Proceeds from sale and leaseback transactions

776

950

Repayments of lease liabilities(5,515)(5,422)

Dividends paid

(13,041)(14,193)

Dividends paid to non-controlling interests

(602)

(569)

Other

1,206

1,260

Net cash provided by (used in) financing activities

19,257

14,723

Impact of exchange fluctuations for cash and cash equivalents

47

661

5,122

(2,956)

Net increase (decrease) in cash and cash equivalents
Net increase (decrease) in cash and cash equivalents due to a change in the scopeof consolidation
Cash and cash equivalents at beginning of period

1,267

1,986

59,55465,944

Cash and cash equivalents at end of period

65,94464,97515