date:Aug 29, 2014
the basis of FrieslandCampinas results for 2014 and the total quantity of milk supplied by each member during 2014.
The cash flow from operating activities fell to -189 million euro (first half of 2013: 168 million euro), as a result of the drop in profit, payments to the pension fund and the increase in working capital due to the higher guaranteed price, which increased the value of inventories and claims. In the first half of 2014 outgoing cash flows for investments, related mainly to the exp