Statement of Cash Flows

For the Financial Year ended 31 December 2018


Notes

2018

2017



€’000

€’000

Net cash from operating activities

23

54,941

52,520

Taxation paid


(6,948)

(4,683)

Net cash generated from operating activities


47,993

47,837





Cash flows from investing activities




Purchase of tangible assets


(89,207)

(78,316)

Purchase of intangible assets


-

(27)

Grants received


159

1,870

Grants repaid


-

(85)

Proceeds from disposal of tangible assets


-

381

Interest received


4

-

Net cash generated/(used) in investing activities


(89,044)

(76,177)





Cash flow from financing activities




Loans raised


75,000

60,000

Repayment of loan


-

(35,000)

Dividends paid

9

(12,173)

(11,712)

Interest paid and similar charges


(446)

(1,010)

Net cash used in financing activities


62,381

12,278





Net increase/(decrease) in cash at bank and in hand


21,330

(16,062)

Cash and cash equivalents at the beginning of the year


21,924

37,986





Cash and cash equivalents at the end of the year


43,254

21,924





Cash and cash equivalents consists of:




Cash at bank and in hand


43,254

21,924

Cash and cash equivalents


43,254

21,924