24. Note to the statement of cash flow
Note | 2017 €’000 | 2016 €’000 | |
Profit for the financial year | 40,575 | 39,040 | |
Tax on profit on ordinary activities | 5,769 | 6,042 | |
Net interest expense | 168 | 472 | |
Operating Profit | 46,512 | 45,554 | |
Amortisation of capital grants | (542) | (475) | |
Depreciation of tangible assets | 9,490 | 9,004 | |
Amortisation of intangible assets | 72 | 78 | |
Revaluation of investment property | (1,600) | (350) | |
Profit on disposal of assets | (307) | (169) | |
Write-off of fixed assets | - | (7) | |
Increase in inventories | (16) | (12) | |
Decrease/(Increase) in debtors | 3,488 | (3,368) | |
(Decrease)/Increase in creditors | (190) | 143 | |
Change in relation to pension provision | (4,387) | (7,219) | |
Net cash inflow from operating activities | 52,520 | 43,179 |
