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Annual Report 2013

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Annual Report 2014

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Annual Report 2015

q4 2015

q3 2015

q2 2015

q1 2015

q1 2016

q2 2016

q3 2016

Balance sheet, financing and cash flow

Wärtsilä’s second quarter cash flow from operating activities amounted to EUR 202 million (47). For January-June 2016, the operating cash flow totalled EUR 189 million (84). Working capital totalled EUR 602 million (404) at the end of the review period, a decrease of EUR 107 million from the end of the previous quarter. Advances received at the end of the period totalled EUR 610 million (761). At the end of the previous quarter, advances totalled EUR 618 million. Cash and cash equivalents at the end of the period amounted to EUR 357 million (269) and unutilised Committed Revolving Credit Facilities totalled EUR 629 million (629).

Wärtsilä had interest-bearing debt totalling EUR 881 million (779) at the end of June 2016. At the end of December 2015, interest-bearing debt totalled EUR 724 million. The total amount of short-term debt maturing within the next 12 months was EUR 336 million. Long-term loans amounted to EUR 545 million. Net interest-bearing debt totalled EUR 517 million (495) and gearing was 0.25 (0.25).

Liquidity preparedness
MEUR 30.6.2016 31.12.2015
Cash and cash equivalents 357 334
Unutilised committed credit facilities 629 679
Liquidity preparedness 986 1 013
% of net sales (rolling 12 months) 20 20
Less Commercial Papers 223 130
Liquidity preparedness excluding Commercial Papers 763 883
% of net sales (rolling 12 months) 15 18
On 30 June 2016, the average maturity of the total loan portfolio was 36 months and the average maturity of the long-term debt was 47 months.

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