Notes to the Financial Statements
24. Note to the statement of cash flow
Notes | 2022 | 2021 | |
|---|---|---|---|
€’000 | €’000 | ||
Profit for the financial year | 41,337 | 25,995 | |
Tax on profit |
7,175 |
3,964 |
|
Exceptional Items | (10,000) | - | |
Net Interest expense | 5,680 | 5,458 | |
Operating Profit | 44,192 | 35,417 | |
Amortisation of capital grants | (454) | (490) | |
Depreciation of tangible assets | 14,511 | 13,780 | |
Amortisation of intangible assets | 108 | 94 | |
Fair value movement on investment property | 850 | - | |
Loss/(Profit) on disposal of assets | 141 | (50) | |
Increase in inventories | (71) | (50) | |
(Increase)/Decrease in debtors | (5,273) | 5,136 | |
Increase/(Decrease) in creditors | 3,175 | (1,036) | |
Change in relation to pension provision | 663 | 1,513 | |
Net cash inflow from operating activities | 57,842 | 54,314 |