Note 2 Net working capital Release of cash is a key driver in funding new activities and investments and securing long term earnings for owners. One way to release cash is by reducing net working capital. Despite positive effects from Programme Zero, the total primary net working capital increased by EUR 71 million, corresponding to an increase of 8 per cent, which is caused by difference in the timing of payment for owner milk near year-end. However corrected for owner milk the total primary net working capital has decreased by EUR 34 million. CONTENT 79 Note 2.1 Net working capital 8% Primary net working capital development
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