For the Financial Year ended 31 December 2017
Note | 2017 €’000 | 2016 €’000 | |
Net cash from operating activities | 52,520 | 43,179 | |
Taxation paid | (4,683) | (4,539) | |
Net cash generated from operating activities | 47,837 | 38,640 | |
Cash flows from investing activities | |||
Purchase of tangible assets | (78,316) | (44,715) | |
Purchase of intangible assets | (27) | (298) | |
Grants received | 1,870 | 55 | |
Grants repaid | (85) | - | |
Proceeds from disposal of tangible assets | 381 | 304 | |
Restricted Cash | - | (14,125) | |
Interest received | - | 39 | |
Movement in short term investments | - | 35,115 | |
Net cash generated/(used) in investing activities | (76,177) | (23,625) | |
Cash flow from financing activities | |||
Loans raised | 60,000 | - | |
Repayment of loan | (35,000) | - | |
Dividends paid | (11,712) | (10,912) | |
Interest paid and similar charges | (1,010) | (1,076) | |
Net cash used in financing activities | 12,278 | (11,988) | |
Net (decrease)/increase in cash at bank and in hand | (16,062) | 3,027 | |
Cash and cash equivalents at the beginning of the year | 37,986 | 34,959 | |
Cash and cash equivalents at the end of the year | 21,924 | 37,986 | |
Cash and cash equivalents consists of: | |||
Cash at bank and in hand | 21,924 | 37,986 | |
Cash and cash equivalents | 21,924 | 37,986 |
