Investor Presentaiton
CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS | NET WORKING CAPITAL
Net working
capital
Cash flow*
-1,468
1,829
MEUR
MEUR
3
Net working capital
IN THIS SECTION
This section comprises the following notes, describing
components of KONE's net working capital:
3.1 Inventories
3.2 Accounts receivable and contract assets and liabilities
3.3 Deferred assets
! 3.4 Accruals
3.5 Provisions
3.6 Deferred tax assets and liabilities
DAXO
KONE'S NET WORKING CAPITAL
Our business model enables us to operate with negative
net working capital.
KONE operates with advance payments across
businesses and geographies.
Net working capital, MEUR
Inventories
Dec 31, 2021 Dec 31, 2020
717.8
597.0
Advance payments received and
deferred revenue
-1,957.0
-1,766.8
Accounts receivable
2,421.4
2,178.6
Deferred assets and income tax
receivables
898.1
720.9
Accruals and income tax payables
Provisions
-2,268.2
-1,996.2
-152.3
-154.7
Accounts payable
-1,310.2
-890.9
Net deferred tax assets/liabilities
Total
182.2
152.0
-1,468.2
-1,160.1
*) Cash flow from operations before financing items and taxes
51
KONE ANNUAL REVIEW 2021View entire presentation