This site uses cookies to bring you the best experience. Find out more
Skip to main content

Consolidated Statement of Cash Flows

for the year ended 31 December 2016

  Notes 2016
€000
2015
€000
Operating activities      
Profit for the year   28,437 19,420
Adjustments to reconcile profit for the year to net cash flows:      
Income tax expense recognised in income statement 13 10,734 12,033
Interest expense and bank commissions 9 2,668 12,638
Loss on disposal of tangible assets   185 1,016
Other financial income 9 (220) (380)
Depreciation of property, plant and equipment 18 9,739 9,423
Amortisation of intangible assets 16 1,485 1,581
Net foreign exchange gain 9 (1,483) (2,007)
Share-based compensation 34 81 1,094
Movement in provisions   (323) (626)
    51,303 54,192
Working capital adjustments      
(Increase)/decrease in trade receivables and other assets   (1,596) 44,869
Decrease/(increase) in inventories   6,058 (316)
Increase/(decrease) in trade payables and other liabilities   5,140 (44,123)
    9,602 430
Cash generated by operations   60,905 54,622
Income tax paid 13 (6,831) (6,123)
Net cash flows from operating activities   54,074 48,499
Investing activities      
Interest received   220 380
Payments to acquire intangible assets   (5,838) (1,393)
Purchase of property, plant and equipment   (6,727) (7,246)
Proceeds from sale of property, plant and equipment   - 363
Proceeds from asset previously classified as held for sale   - 120
Net cash flow from investing activities   (12,345) (7,776)
Financing activities      
Repayment of borrowings   - (166,590)
New borrowings raised   2,712 132,310
Interest paid   (2,571) (7,137)
Other financial costs   - (300)
Purchase of own shares   - (713)
Dividends paid to equity holders of the parent 29 (37,427) (7,513)
Net cash flow from financing activities   (37,286) (49,943)
Net increase/(decrease) in cash and cash equivalents   4,443 (9,220)
Cash and cash equivalents at the start of the year   75,806 82,914
Effect of exchange rates on cash and cash equivalents   (5,293) 2,112
Cash and cash equivalents at the end of the year 32 74,956 75,806