Statement of Cash Flows

For the Financial Year ended 31 December 2019

	Notes	2019	2018
		€’000	€’000
Net cash from operating activities	23	55,809	54,941
Taxation paid		(5,707)	(6,948)
Net cash generated from operating activities		50,102	47,993

Cash flows from investing activities
Purchase of tangible assets		(77,025)	(89,207)
Purchase of intangible assets		(44)	-
Grants received		1,914	159
Proceeds from disposal of tangible assets		5	-
Interest received		-	4
Net cash used in investing activities		(75,150)	(89,044)

Cash flow from financing activities
Loans raised		-	75,000
Proceeds from issue of bonds		100,009	-
Repayment of bank borrowings		(36,316)	-
Dividends paid	9	(4,100)	(12,173)
Interest paid and similar charges		(494)	(446)
Net cash generated from financing activities		59,099	62,381

Net increase in cash at bank and in hand		34,051	21,330
Cash and cash equivalents at the beginning of the year		43,254	21,924

Cash and cash equivalents at the end of the year		77,305	43,254

Cash and cash equivalents consists of:
Cash at bank and in hand		77,305	43,254
Cash and cash equivalents		77,305	43,254