Results and Presentations

• SEC Form 17-A (Annual Report for the year ended 2019) (pdf)

  Document Date: June 30, 2020

  Not for Disclosure Page *(default)

  2020
• 2019 Integrated Report (pdf)

  Document Date: April 28, 2020

  Not for Disclosure Page *(default)

  2020
• SEC Form 17-A for FY 2018 (pdf)

  Document Date: April 22, 2019

  Not for Disclosure Page *(default)

  2019
• 2018 Integrated Report (pdf)

  Document Date: April 22, 2019

  Not for Disclosure Page *(default)

  2019
• SEC Form 17-A for FY 2017 (pdf)

  Document Date: April 16, 2018

  Not for Disclosure Page *(default)

  2018
• ASM 2018 Report of the President (pdf)

  Document Date: April 16, 2018

  Not for Disclosure Page *(default)

  2018
• 2017 Integrated Report (pdf)

  Document Date: April 16, 2018

  Not for Disclosure Page *(default)

  2018
• ASM 2018 Message of the Chairman (pdf)

  Document Date: April 16, 2018

  Not for Disclosure Page *(default)

  2018
• SEC Form 20-IS for FY 2017 (pdf)

  Document Date: April 16, 2018

  Not for Disclosure Page *(default)

  2018
• ASM 2017 President's Report (pdf)

  Document Date: April 17, 2017

  Not for Disclosure Page *(default)

  2017
• SEC Form 17-A for FY 2016 (pdf)

  Document Date: April 17, 2017

  Not for Disclosure Page *(default)

  2017
• SEC Form 20-IS for FY 2016 (pdf)

  Document Date: April 17, 2017

  Not for Disclosure Page *(default)

  2017
• 2016 Integrated Annual and Sustainability Report (pdf)

  Document Date: April 17, 2017

  Not for Disclosure Page *(default)

  2017
• ASM 2017 Chairman's Message (pdf)

  Document Date: April 17, 2017

  Not for Disclosure Page *(default)

  2017
• ASM 2016 Chairman's Message (pdf)

  Document Date: April 11, 2016

  Not for Disclosure Page *(default)

  2016
• ASM 2016 President's Report (pdf)

  Document Date: April 11, 2016

  Not for Disclosure Page *(default)

  2016
• SEC Form 17-A for FY 2015 (pdf)

  Document Date: April 11, 2016

  Not for Disclosure Page *(default)

  2016
• SEC Form 20-IS for FY 2015 (pdf)

  Document Date: April 11, 2016

  Not for Disclosure Page *(default)

  2016
• ASM 2015 President's Report (pdf)

  Document Date: April 07, 2015

  Not for Disclosure Page *(default)

  2015
• ASM 2015 Chairman's Message (pdf)

  Document Date: April 07, 2015

  Not for Disclosure Page *(default)

  2015

• 9M 2020 Form 17-Q (pdf)

  Document Date: November 13, 2020

  Quarterly Reports (SEC 17-Q)

  2020
• 9M 2020 Listen to Webcast (mp3)

  Document Date: November 10, 2020

  Not for Disclosure Page *(default)

  2020
• 9M 2020 Analysts' Briefing Presentation (pdf)

  Document Date: November 10, 2020

  Not for Disclosure Page *(default)

  2020
• 9M 2020 Form 17-C (pdf)

  Document Date: November 10, 2020

  Not for Disclosure Page *(default)

  2020
• 1H 2020 Form 17-Q (pdf)

  Document Date: August 24, 2020

  Quarterly Reports (SEC 17-Q)

  2020
• 1H 2020 Listen to Webcast (mp3)

  Document Date: August 14, 2020

  Not for Disclosure Page *(default)

  2020
• 1H 2020 Form 17-C (pdf)

  Document Date: August 13, 2020

  Not for Disclosure Page *(default)

  2020
• 1H 2020 Analysts' Briefing Presentation (pdf)

  Document Date: August 13, 2020

  Not for Disclosure Page *(default)

  2020
• 1Q 2020 Form 17-Q (pdf)

  Document Date: May 14, 2020

  Quarterly Reports (SEC 17-Q)

  2020
• 1Q 2020 Listen to Webcast (mp3)

  Document Date: May 08, 2020

  Not for Disclosure Page *(default)

  2020
• 1Q 2020 Form 17-C (pdf)

  Document Date: May 08, 2020

  Not for Disclosure Page *(default)

  2020
• 1Q 2020 Analysts' Briefing Presentation (pdf)

  Document Date: May 08, 2020

  Not for Disclosure Page *(default)

  2020
• FY 2019 Listen to Webcast (Q&A) (mp3)

  Document Date: February 28, 2020

  Not for Disclosure Page *(default)

  2020
• FY 2019 Listen to Webcast (Presentation) (mp3)

  Document Date: February 28, 2020

  Not for Disclosure Page *(default)

  2020
• FY 2019 Form 17-C (pdf)

  Document Date: February 28, 2020

  Not for Disclosure Page *(default)

  2020
• FY 2019 Analysts' Briefing Presentation (pdf)

  Document Date: February 28, 2020

  Not for Disclosure Page *(default)

  2020
• 9M 2019 Form 17-Q (pdf)

  Document Date: November 11, 2019

  Not for Disclosure Page *(default)

  2019
• 9M 2019 Listen to Webcast (Q&A) (mp3)

  Document Date: November 11, 2019

  Not for Disclosure Page *(default)

  2019
• 9M 2019 Listen to Webcast (Presentation) (mp3)

  Document Date: November 11, 2019

  Not for Disclosure Page *(default)

  2019
• 9M 2019 Form 17-C (pdf)

  Document Date: November 11, 2019

  Not for Disclosure Page *(default)

  2019
• 9M 2019 Analysts' Briefing Presentation (pdf)

  Document Date: November 11, 2019

  Not for Disclosure Page *(default)

  2019
• 1H 2019 Form 17-Q (pdf)

  Document Date: August 14, 2019

  Not for Disclosure Page *(default)

  2019
• 1H 2019 Listen to Webcast (Presentation) (mp3)

  Document Date: August 13, 2019

  Not for Disclosure Page *(default)

  2019
• 1H 2019 Listen to Webcast (Q&A) (mp3)

  Document Date: August 13, 2019

  Not for Disclosure Page *(default)

  2019
• 1H 2019 Analysts' Briefing Presentation (pdf)

  Document Date: August 13, 2019

  Not for Disclosure Page *(default)

  2019
• 1H 2019 Form 17-C (pdf)

  Document Date: August 13, 2019

  Not for Disclosure Page *(default)

  2019
• 1Q 2019 Form 17-Q (pdf)

  Document Date: May 15, 2019

  Not for Disclosure Page *(default)

  2019
• 1Q 2019 Listen to Webcast (Q&A) (mp3)

  Document Date: May 09, 2019

  Not for Disclosure Page *(default)

  2019
• 1Q 2019 Listen to Webcast (Presentation) (mp3)

  Document Date: May 09, 2019

  Not for Disclosure Page *(default)

  2019
• 1Q 2019 Analysts' Briefing Presentation (pdf)

  Document Date: May 09, 2019

  Not for Disclosure Page *(default)

  2019
• 1Q 2019 Form 17-C (pdf)

  Document Date: May 09, 2019

  Not for Disclosure Page *(default)

  2019
• FY 2018 Form 17-C (pdf)

  Document Date: February 26, 2019

  Not for Disclosure Page *(default)

  2019
• FY 2018 Listen to Webcast (Q&A) (mp3)

  Document Date: February 26, 2019

  Not for Disclosure Page *(default)

  2019
• FY 2018 Listen to Webcast (Presentation) (mp3)

  Document Date: February 26, 2019

  Not for Disclosure Page *(default)

  2019
• FY 2018 Analysts' Briefing Presentation (pdf)

  Document Date: February 26, 2019

  Not for Disclosure Page *(default)

  2019
• FY 2018 Listen to Webcast (Presentation) (mp3)

  Document Date: February 26, 2019

  Not for Disclosure Page *(default)

  2019
• 9M 2018 Analysts' Briefing Presentation (pdf)

  Document Date: November 08, 2018

  Not for Disclosure Page *(default)

  2018
• 9M 2018 Listen to Webcast (Presentation) (mp3)

  Document Date: November 07, 2018

  Not for Disclosure Page *(default)

  2018
• 9M 2018 Form 17-C (pdf)

  Document Date: November 07, 2018

  Not for Disclosure Page *(default)

  2018
• 9M 2018 Listen to Webcast (Q&A) (mp3)

  Document Date: November 07, 2018

  Not for Disclosure Page *(default)

  2018
• 9M 2018 Analysts' Briefing Presentation (pdf)

  Document Date: November 07, 2018

  Not for Disclosure Page *(default)

  2018
• 1H 2018 Form 17-Q (pdf)

  Document Date: August 10, 2018

  Quarterly Reports (SEC 17-Q)

  2018
• 1H 2018 Listen to Webcast (Q&A) Part 2 (mp3)

  Document Date: August 08, 2018

  Not for Disclosure Page *(default)

  2018
• 1H 2018 Listen to Webcast (Q&A) Part 1 (mp3)

  Document Date: August 08, 2018

  Not for Disclosure Page *(default)

  2018
• 1H 2018 Listen to Webcast (Presentation) (mp3)

  Document Date: August 08, 2018

  Not for Disclosure Page *(default)

  2018
• 1H 2018 Form 17-C (pdf)

  Document Date: August 08, 2018

  Not for Disclosure Page *(default)

  2018
• 1H 2018 Analysts' Briefing Presentation (pdf)

  Document Date: August 08, 2018

  Not for Disclosure Page *(default)

  2018
• 1Q 2018 Listen to Webcast (Presentation) (mp3)

  Document Date: May 08, 2018

  Not for Disclosure Page *(default)

  2018
• 1Q 2018 Form 17-C (pdf)

  Document Date: May 08, 2018

  Not for Disclosure Page *(default)

  2018
• 1Q 2018 Listen to Webcast (Q&A) (mp3)

  Document Date: May 08, 2018

  Not for Disclosure Page *(default)

  2018
• 1Q 2018 Form 17-Q (pdf)

  Document Date: May 08, 2018

  Not for Disclosure Page *(default)

  2018
• 1Q 2018 Analysts' Briefing Presentation (pdf)

  Document Date: May 08, 2018

  Not for Disclosure Page *(default)

  2018
• FY 2017 Listen to Webcast (Presentation) (mp3)

  Document Date: May 07, 2018

  Not for Disclosure Page *(default)

  2018
• FY 2017 Listen to Webcast (Q&A) (mp3)

  Document Date: May 07, 2018

  Not for Disclosure Page *(default)

  2018
• FY 2017 Form 17-C (pdf)

  Document Date: May 07, 2018

  Not for Disclosure Page *(default)

  2018
• FY 2017 Analysts Briefing Presentation (pdf)

  Document Date: May 07, 2018

  Not for Disclosure Page *(default)

  2018
• 9M 2017 Listen to Webcast (Q&A) (mp3)

  Document Date: November 08, 2017

  Not for Disclosure Page *(default)

  2017
• 9M 2017 Listen to Webcast (Presentation) (mp3)

  Document Date: November 08, 2017

  Not for Disclosure Page *(default)

  2017
• 9M 2017 Analysts' Briefing Presentation (pdf)

  Document Date: November 08, 2017

  Not for Disclosure Page *(default)

  2017
• 9M 2017 Form 17-C (pdf)

  Document Date: November 08, 2017

  Not for Disclosure Page *(default)

  2017
• 9M 2017 Form 17-Q (pdf)

  Document Date: November 08, 2017

  Not for Disclosure Page *(default)

  2017
• 1H 2017 Listen to Webcast (Presentation) (mp3)

  Document Date: August 09, 2017

  Not for Disclosure Page *(default)

  2017
• 1H 2017 Listen to Webcast (Q&A) (mp3)

  Document Date: August 09, 2017

  Not for Disclosure Page *(default)

  2017
• 1H 2017 Analysts' Briefing Presentation (pdf)

  Document Date: August 09, 2017

  Not for Disclosure Page *(default)

  2017
• 1H 2017 Form 17-C (pdf)

  Document Date: August 09, 2017

  Not for Disclosure Page *(default)

  2017
• 1H 2017 Form 17-Q (pdf)

  Document Date: August 09, 2017

  Not for Disclosure Page *(default)

  2017
• 1Q 2017 Analysts' Briefing Presentation (pdf)

  Document Date: May 08, 2017

  Not for Disclosure Page *(default)

  2017
• 1Q 2017 Listen to Webcast (Q&A) (mp3)

  Document Date: May 08, 2017

  Not for Disclosure Page *(default)

  2017
• 1Q 2017 Listen to Webcast (Presentation) (mp3)

  Document Date: May 08, 2017

  Not for Disclosure Page *(default)

  2017
• 1Q 2017 Form 17-Q (pdf)

  Document Date: May 08, 2017

  Not for Disclosure Page *(default)

  2017
• 1Q 2017 Form 17-C (pdf)

  Document Date: May 08, 2017

  Not for Disclosure Page *(default)

  2017
• FY 2016 Listen to Webcast (Q&A) (mp3)

  Document Date: February 24, 2017

  Not for Disclosure Page *(default)

  2017
• FY 2016 Analysts' Briefing Presentation (pdf)

  Document Date: February 24, 2017

  Not for Disclosure Page *(default)

  2017
• FY 2016 Listen to Webcast (Presentation) (mp3)

  Document Date: February 24, 2017

  Not for Disclosure Page *(default)

  2017
• 9M 2016 Listen to Webcast (Q&A) (mp3)

  Document Date: November 09, 2016

  Not for Disclosure Page *(default)

  2016
• 9M 2016 Analysts' Briefing Presentation (pdf)

  Document Date: November 09, 2016

  Not for Disclosure Page *(default)

  2016
• 9M 2016 Listen to Webcast (Presentation) (mp3)

  Document Date: November 09, 2016

  Not for Disclosure Page *(default)

  2016
• 1H 2016 Listen to Webcast (Q&A) (mp3)

  Document Date: August 04, 2016

  Not for Disclosure Page *(default)

  2016
• 1H 2016 Listen to Webcast (Presentation) (mp3)

  Document Date: August 04, 2016

  Not for Disclosure Page *(default)

  2016
• 1H 2016 Analysts' Briefing Presentation (pdf)

  Document Date: August 04, 2016

  Not for Disclosure Page *(default)

  2016
• 1Q 2016 Listen to Webcast (Presentation) (mp3)

  Document Date: May 06, 2016

  Not for Disclosure Page *(default)

  2016
• 1Q 2016 Analysts' Briefing Presentation (pdf)

  Document Date: May 06, 2016

  Not for Disclosure Page *(default)

  2016
• 1Q 2016 Listen to Webcast (Q&A) (mp3)

  Document Date: May 06, 2016

  Not for Disclosure Page *(default)

  2016
• FY 2015 Analysts' Briefing Presentation (pdf)

  Document Date: February 24, 2016

  Not for Disclosure Page *(default)

  2016
• FY 2015 Listen to Webcast (Presentation) (mp3)

  Document Date: February 24, 2016

  Not for Disclosure Page *(default)

  2016
• FY 2015 Listen to Webcast (Q&A) (mp3)

  Document Date: February 24, 2016

  Not for Disclosure Page *(default)

  2016
• 9M 2015 Listen to Webcast (Presentation) (mp3)

  Document Date: November 06, 2015

  Not for Disclosure Page *(default)

  2015
• 9M 2015 Analysts' Briefing Presentation (pdf)

  Document Date: November 06, 2015

  Not for Disclosure Page *(default)

  2015
• 1H 2015 Listen to Webcast (Q&A) (mp3)

  Document Date: August 12, 2015

  Not for Disclosure Page *(default)

  2015
• 1H 2015 Analysts' Briefing Presentation (pdf)

  Document Date: July 30, 2015

  Not for Disclosure Page *(default)

  2015
• 1H 2015 Listen to Webcast (Presentation) (mp3)

  Document Date: July 30, 2015

  Not for Disclosure Page *(default)

  2015
• 1Q 2015 Analysts' Briefing Presentation (pdf)

  Document Date: May 08, 2015

  Not for Disclosure Page *(default)

  2015
• 1Q 2015 Listen to Webcast (Q&A) (mp3)

  Document Date: May 08, 2015

  Not for Disclosure Page *(default)

  2015
• 1Q 2015 Listen to Webcast (Presentation) (mp3)

  Document Date: May 08, 2015

  Not for Disclosure Page *(default)

  2015
• FY 2014 Listen to Webcast (Presentation) (mp3)

  Document Date: February 12, 2015

  Not for Disclosure Page *(default)

  2015
• FY 2014 Listen to Webcast (Q&A) (mp3)

  Document Date: February 12, 2015

  Not for Disclosure Page *(default)

  2015
• FY 2014 Analysts' Briefing Presentation (pdf)

  Document Date: February 12, 2015

  Not for Disclosure Page *(default)

  2015
• 9M 2014 Listen to Webcast (Presentation) (mp3)

  Document Date: November 16, 2014

  Not for Disclosure Page *(default)

  2014
• 9M 2014 Listen to Webcast (Q&A) (mp3)

  Document Date: November 16, 2014

  Not for Disclosure Page *(default)

  2014
• 9M 2014 Analysts' Briefing Presentation (pdf)

  Document Date: November 06, 2014

  Not for Disclosure Page *(default)

  2014
• 1H 2014 Analysts' Briefing Presentation (pdf)

  Document Date: August 08, 2014

  Not for Disclosure Page *(default)

  2014
• 1H 2014 Listen to Webcast (Q&A) (mp3)

  Document Date: August 08, 2014

  Not for Disclosure Page *(default)

  2014
• 1H 2014 Listen to Webcast (Presentation) (mp3)

  Document Date: August 08, 2014

  Not for Disclosure Page *(default)

  2014
• 1Q 2014 Analysts' Briefing Presentation (pdf)

  Document Date: May 06, 2014

  Not for Disclosure Page *(default)

  2014
• 1Q 2014 Listen to Webcast (Presentation) (mp3)

  Document Date: May 06, 2014

  Not for Disclosure Page *(default)

  2014
• FY 2013 Listen to Webcast (Presentation) (mp3)

  Document Date: February 19, 2014

  Not for Disclosure Page *(default)

  2014
• FY 2013 Listen to Webcast (Q&A 2nd) (mp3)

  Document Date: February 19, 2014

  Not for Disclosure Page *(default)

  2014
• FY 2013 Listen to Webcast (Q&A) (mp3)

  Document Date: February 19, 2014

  Not for Disclosure Page *(default)

  2014
• FY 2013 Analysts' Briefing Presentation (pdf)

  Document Date: February 18, 2014

  Not for Disclosure Page *(default)

  2014
• 9M 2013 Analysts' Briefing Presentation (pdf)

  Document Date: November 11, 2013

  Not for Disclosure Page *(default)

  2013
• 1H 2013 Analysts' Briefing Presentation (pdf)

  Document Date: August 08, 2013

  Not for Disclosure Page *(default)

  2013
• 1Q 2013 Analysts' Briefing Presentation (pdf)

  Document Date: May 07, 2013

  Not for Disclosure Page *(default)

  2013
• FY 2012 Analysts' Briefing Presentation (pdf)

  Document Date: February 26, 2013

  Not for Disclosure Page *(default)

  2013
• 9M 2012 Analysts' Briefing Presentation (pdf)

  Document Date: November 09, 2012

  Not for Disclosure Page *(default)

  2012
• 1H 2012 Analysts' Briefing Presentation (pdf)

  Document Date: August 08, 2012

  Not for Disclosure Page *(default)

  2012
• 1Q 2012 Analysts' Briefing Presentation (pdf)

  Document Date: May 08, 2012

  Not for Disclosure Page *(default)

  2012
• FY 2011 Analysts' Briefing Presentation (pdf)

  Document Date: April 16, 2012

  Not for Disclosure Page *(default)

  2012
• 9M 2011 Analysts' Briefing Presentation (pdf)

  Document Date: November 08, 2011

  Not for Disclosure Page *(default)

  2011
• 1H 2011 Analysts' Briefing Presentation (pdf)

  Document Date: August 10, 2011

  Not for Disclosure Page *(default)

  2011
• 1Q 2011 Analysts' Briefing Presentation (pdf)

  Document Date: May 12, 2011

  Not for Disclosure Page *(default)

  2011
• FY 2010 Analysts' Briefing Presentation (pdf)

  Document Date: April 11, 2011

  Not for Disclosure Page *(default)

  2011
• 9M 2010 Analysts' Briefing Presentation (pdf)

  Document Date: November 09, 2010

  Not for Disclosure Page *(default)

  2010
• 1H 2010 Analysts' Briefing Presentation (pdf)

  Document Date: August 09, 2010

  Not for Disclosure Page *(default)

  2010
• 1Q 2010 Analysts' Briefing Presentation (pdf)

  Document Date: May 07, 2010

  Not for Disclosure Page *(default)

  2010
• FY 2009 Analysts' Briefing Presentation (pdf)

  Document Date: April 10, 2010

  Not for Disclosure Page *(default)

  2010
• 9M 2009 Analysts' Briefing Presentation (pdf)

  Document Date: November 09, 2009

  Not for Disclosure Page *(default)

  2009
• 1H 2009 Analysts' Briefing Presentation (pdf)

  Document Date: August 10, 2009

  Not for Disclosure Page *(default)

  2009
• 1Q 2009 Analysts' Briefing Presentation (pdf)

  Document Date: May 08, 2009

  Not for Disclosure Page *(default)

  2009
• FY 2008 Analysts' Briefing Presentation (pdf)

  Document Date: February 17, 2009

  Not for Disclosure Page *(default)

  2009
• 9M 2008 Analysts' Briefing Presentation (pdf)

  Document Date: October 30, 2008

  Not for Disclosure Page *(default)

  2008
• 1Q 2008 Analysts' Briefing Presentation (pdf)

  Document Date: May 06, 2008

  Not for Disclosure Page *(default)

  2008

• Investor Presentation August 2019 (pdf)

  Document Date: August 15, 2019

  Not for Disclosure Page *(default)

  2019
• Investor Presentation July 2019 (pdf)

  Document Date: July 01, 2019

  Not for Disclosure Page *(default)

  2019
• Investor Presentation March 2019 (pdf)

  Document Date: March 04, 2019

  Not for Disclosure Page *(default)

  2019
• Investor Presentation August 2018 (pdf)

  Document Date: August 01, 2018

  Not for Disclosure Page *(default)

  2018
• Investor Presentation May 2018 (pdf)

  Document Date: May 01, 2018

  Not for Disclosure Page *(default)

  2018
• Investor Presentation April 2018 (pdf)

  Document Date: April 02, 2018

  Not for Disclosure Page *(default)

  2018
• Investor Presentation March 2018 (pdf)

  Document Date: March 01, 2018

  Not for Disclosure Page *(default)

  2018
• Investor Presentation February 2018 (pdf)

  Document Date: February 01, 2018

  Not for Disclosure Page *(default)

  2018
• Investor Presentation January 2018 (pdf)

  Document Date: January 01, 2018

  Not for Disclosure Page *(default)

  2018
• Investor Presentation December 2017 (pdf)

  Document Date: December 01, 2017

  Not for Disclosure Page *(default)

  2017
• Investor Presentation November 2017 (pdf)

  Document Date: November 03, 2017

  Not for Disclosure Page *(default)

  2017
• Investor Presentation October 2017 (pdf)

  Document Date: October 01, 2017

  Not for Disclosure Page *(default)

  2017
• Investor Presentation September 2017 (pdf)

  Document Date: September 01, 2017

  Not for Disclosure Page *(default)

  2017
• Investor Presentation August 2017 (pdf)

  Document Date: August 13, 2017

  Not for Disclosure Page *(default)

  2017
• Investor Presentation July 2017 (pdf)

  Document Date: July 01, 2017

  Not for Disclosure Page *(default)

  2017
• Investor Presentation June 2017 (pdf)

  Document Date: June 13, 2017

  Not for Disclosure Page *(default)

  2017
• Investor Presentation May 2017 (pdf)

  Document Date: May 13, 2017

  Not for Disclosure Page *(default)

  2017
• Investor Presentation March 2017 (pdf)

  Document Date: March 01, 2017

  Not for Disclosure Page *(default)

  2017
• Investor Presentation February 2017 (pdf)

  Document Date: February 01, 2017

  Not for Disclosure Page *(default)

  2017
• Investor Presentation November 2016 (pdf)

  Document Date: November 16, 2016

  Not for Disclosure Page *(default)

  2016
• Investor Presentation September 2016 (pdf)

  Document Date: September 01, 2016

  Not for Disclosure Page *(default)

  2016
• Investor Presentation June 2016 (pdf)

  Document Date: June 13, 2016

  Not for Disclosure Page *(default)

  2016

ASM 2018 Make Waves

ASM 2017 Onward to 2020
 

ASM 2016 Rise
 

ASM 2015 Growth and Transformation
 

ASM 2014 Water is Music to our Ears