Arla Foods Consolidated Annual Report 2021
81
Arla Foods Consolidated Annual Report 2021 / Consolidated Financial Statements / Notes
Net working capital
2.1 NET WORKING CAPITAL, OTHER RECEIVABLES AND CURRENT LIABILITIES
Net working capital
(EURM)
1,500
Table 2.1.b Inventory
(EURM)
Inventory before write-downs
Write-downs
Total inventory
1,103
1,175
1,000
1,022
1,000
867
894
970
823
810
Raw materials and consumables
Work in progress
679
Finished goods and goods for resale
500
Total inventory
0
2017
2018
Net working capital excluding payables related to owner milk
Table 2.1.a Net working capital
(EURM)
2019
Net working capital
2020
2021
Table 2.1.c Trade receivables
(EURM)
Trade receivables before provision for expected losses
Provision for expected losses
Total trade receivables
Contents
2021
2020
1,269
1,119
-21
-39
1,248
1,080
274
265
382
319
592
496
1,248
1,080
2021
2020
1,022
825
-15
-14
1,007
811
Cash flow
Non-cash changes
1 January
Included in
operating
cash flow
Write-
downs Currency
Reclassi-
fications
31
Table 2.1.d Trade receivables' age profile
(EURM)
December
2021
Inventory
1,080
135
-3
36
1,248
Trade receivables
811
171
-1
26
1,007
Trade and
Not overdue
other payables
-1,212
-216
-17
-1,445
Overdue by less than 30 days
Total net working capital
679
90
-4
45
810
Overdue by between 30 and 89 days
Overdue by more than 90 days
2020
Total trade receivables before provision for expected losses
2021
2020
Gross
Gross
carrying
amount
Expected
loss rate
carrying
amount
Expected
loss rate
837
0%
682
119
0%
93
38
3%
26
glo glo ole
0%
28
50%
24
54%
1,022
825
Inventory
1,092
113
-23
-44
-58
1,080
Trade receivables
889
-51
1
-24
-4
811
Historically, experienced loss rates on balances not overdue or overdue by less than 30 days are below 1 per cent.
Trade and
other payables
-1,158
-66
11
1
Total net working capital
823
-4
-22
-57
-61
-1,212
679
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