Moody's adjusted leverage is typically Net debt / EBITDA. We are given IFRS figures, discrepancies with Moody's method. We can infer trend from provided data: 2022 Profit after tax and comprehensive income improved? Revenue stable; cash flows improved? Net debt changes: Noncurrent debt and borrowings increased 2023 vs 2022; but between 2022 and 2021 there was large adjustments. However from 2022 to 2023 equity decreased; but the data shows Cash Flows From Used In Financing Activities negative larger in 2023 vs 2022, repayments etc. Hard to compute exactly. Looking at noncurrent liabilities increased from 11,107,000,000 in 2022 to 13,142,000,000 in 2023 (increase). Current liabilities decreased from 6,543,000,000 to 5,378,000,000 (improvement). Assets up from 24,882,000,000 to 26,284,000,000. Equity increased from 5,829,000,000 to 6,354,000,000. Dividends and treasury activities show net cash outflows in 2023. Without precise EBITDA, Moody's adjusted leverage trend likely stable to slightly improving due to lower current liabilities and stable profitability; but debt rose. Moody's would watch if leverage increases. Since noncurrent borrowings increased, leverage might deteriorate. Thus I will say: Deteriorating. End. Deteriorating