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<strong>Rieter</strong> Group: Net working capital<br />
million CHF 2009 2010<br />
Inventories<br />
FAK/BMK 2010 March 2011<br />
266.0 328.4<br />
Trade receivables 331.5 381.5<br />
Other receivables<br />
Trade payables -226.8 -315.8<br />
Advance payments by customers -63.3 -110.9<br />
Other current liabilities -387.3 -291.4<br />
Net working capital<br />
99.4<br />
19.5<br />
98.0<br />
89.8<br />
<strong>Autoneum</strong><br />
• Net working capital<br />
increased by 70.3 million<br />
CHF<br />
• Increase of inventories by<br />
62.4 million CHF due to<br />
volume increase in both<br />
divisions<br />
• Inventory level compared to<br />
corporate output decreased<br />
from 14.4% in 2009 to 13.0%<br />
in 2010 due to effective<br />
inventory management<br />
• Payment conditions<br />
remained stable<br />
• Advance payments<br />
increased with order intake<br />
• Current liabilities significantly<br />
reduced by pay-outs for<br />
restructuring<br />
17
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