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Net working capital remained under tight control

Net working capital remained under tight control. Net working capital 2006-2010. VA: produce chart. Net working capital down 5% vs 2009 NWC as % of revenues = 12.1%vs 12.7% in Q4 09 NWC reduction offsets higher capex spending (110% of depreciation).

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Net working capital remained under tight control

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  1. Net working capital remained under tight control Net working capital 2006-2010 VA: produce chart • Net working capital down 5% vs 2009 • NWC as % of revenues = 12.1%vs 12.7% in Q4 09 • NWC reduction offsets higher capex spending (110% of depreciation)

  2. Net working capital remained under tight control Net working capital 2006-2010 Net working capital,$ millions NWC as percentof revenues • Net working capital down 5% vs 2009 • NWC as % of revenues = 12.1%vs 12.7% in Q4 09 • NWC reduction offsets higher capex spending (110% of depreciation) 2

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