Balance sheet, financing and cash flow
Wärtsilä’s second quarter cash flow from operating activities amounted to EUR 47 million (61). For January-June 2015, the operating cash flow totalled EUR 84 million (172). Working capital totalled EUR 404 million (339) at the end of the review period. Increased inventories had a negative impact on working capital development. Advances received at the end of the period totalled EUR 761 million (840). Cash and cash equivalents at the end of the period amounted to EUR 269 million (345) and unutilised Committed Revolving Credit Facilities totalled EUR 629 million (599).
Wärtsilä had interest-bearing debt totalling EUR 779 million (696) at the end of June 2015. The total amount of short-term debt maturing within the next 12 months was EUR 315 million. Long-term loans amounted to EUR 464 million. Net interest-bearing debt totalled EUR 495 million (350) and gearing was 0.25 (0.19).
|Cash and cash equivalents||269||382|
|Unutilised committed credit facilities||629||629|
|Liquidity preparedness||898||1 011|
|% of net sales (rolling 12 months)||18||21|
|Less Commercial Papers||180||-|
|Liquidity preparedness excluding Commercial Papers||718||1 011|
|% of net sales (rolling 12 months)||15||21|
|On 30 June 2015, the average maturity of the total loan portfolio was 32 months and the average maturity of the long-term debt was 41 months.|
- Working capital development