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 |