Statement of Cash Flows

For the Financial Year ended 31 December 2022


Notes

2020

2019



€’000

€’000

Net cash from operating activities

24

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

8

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

9

-

-

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