Statement of Cash Flows
For the Financial Year ended 31 December 2022
Notes | 2020 | 2019 | |
---|---|---|---|
€’000 | €’000 | ||
Net cash from operating activities | 57,842 | 54,314 | |
Taxation paid | (6,879) | (4,374) | |
Net cash generated from operating activities | 50,963 | 49,940 | |
Cash flows from investing activities | |||
Purchase of tangible assets | (45,485) | (74,964) | |
Purchase of intangible assets - software | (137) | (40) | |
Proceeds from disposal of tangible assets | - | 50 | |
Proceeds from development land received in year |
10,000 | 5 | |
Grants received | 12 | - | |
Interest received | 104 | - | |
Net cash used in investing activities | (35,506) | (74,954) | |
Cash flow from financing activities | |||
Proceeds from issue of unsecured Class A Senior bonds | 100,000 | - | |
Repayment of term debt facilities | (5,273) | (5,264) | |
Dividends paid | - | - | |
Interest paid and similar charges | (6,271) | (5,891) | |
Net cash generated from/(used in) financing activities | 88,456 | (11,155) | |
Net increase/(decrease) in cash at bank and in hand | 103,913 | (36,169) | |
Cash and cash equivalents at the beginning of the year | 123,968 | 160,137 | |
Cash and cash equivalents at the end of the year | 227,881 | 123,968 | |
Cash and cash equivalents consists of: | |||
Cash at bank and in hand | 227,881 | 123,968 | |
Cash and cash equivalents | 227,881 | 123,968 |