date:Jan 23, 2014
billion, slightly lower than 2012. The reduction is due to a lower inflow from working capital which is measured against a strong performance in 2012 and currency headwinds. Net capital expenditure was slightly lower than 2012 at 4.1% of turnover.
Net debt
Closing net debt was 8.5 billion versus 7.4 billion as at 31 December 2012. The main factor driving the increase was the impact of a 2.5 billion cash outflow to increase the Group's interest in Hindustan Unilever Limited from 52.48% to 67