Change
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Cash flows


Operating activities in 2011 resulted in a cash inflow of €325 million (2010: €519 million). The change is mainly due to a net effect of:

  • Lower profit from continuing operations
  • Higher operating working capital
  • Fair value changes and cash settlements for foreign currency hedging activities
  • Lower payments related to provisions
  • Lower payments for tax and interest.
Copyright © 2012 Akzo Nobel N.V.