Change
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Cash flows


Operating activities in Q2 2011 resulted in a cash inflow of €165 million (2010: €391 million). The change is due to changes in working a net effect of:

  • Lower increase of operating working capital
  • Higher increase in non-operating working capital items due to fair value changes and cash settlements for foreign currency hedging activities as well as due to changes in prepayments and accruals.
Copyright © 2011 Akzo Nobel N.V.