12.5. Net working capital

Net working capital

The Group defines net working capital as: inventories and trade and other receivables decreased by trade and other liabilities

	NOTE	Inventories	Trade and other receivables	Trade and other liabilities	Net working capital
31/12/2018		14,362	10,479	13,697	11,144
31/12/2019		15,074	9,669	15,132	9,611
Change in working capital in the statement of financial position		(712)	810	1,435	1,533
Adjustments		3	132	(486)	(351)
Change in rights and advances for non-financial non-current assets	12.5.2	–	121	–	121
Change in investment liabilities	12.5.3	–	–	(295)	(295)
VAT on investment liabilities		–	–	(27)	(27)
Foreign exchange differences		–	18	(23)	(5)
Other		3	(7)	(141)	(145)
Change in working capital in the statement of cash flows		(709)	942	949	1,182
incl.impairment		(173)	(43)	–	(216)