Cash Flow Statement
| Year ended 31st December |
Notes |
2008
€000 |
2007
€000 |
| Net cash inflow from operating activities |
13(a) |
22,830 |
14,157 |
| Returns on investment and servicing
of finance |
|
|
|
| Interest receivable |
|
1,840 |
1,516 |
| |
|
24,670 |
15,673 |
| Capital expenditure |
|
|
|
| Additions to tangible assets |
4 |
(54,539) |
(46,281) |
| Disposal of tangible assets |
|
24 |
- |
| Capital grants received |
9 |
41,139 |
40,361 |
| |
|
(13,376) |
(5,920) |
| Inflow before use of liquid resources
and financing |
|
11,294 |
9,753 |
| |
|
|
|
| Management of liquid resources |
|
|
|
| Movement in amounts owed by holding company |
13(b) |
(11,789) |
(9,311) |
| (Decrease)/Increase in cash |
13(b) |
(495) |
442 |
| |
|
|
|
| Liquid resources comprise amounts owed by the holding company, which represent cash generated not immediately required for operations, and made available to the holding company, repayable on demand. |
|
|
|
| |
|
|
|
| Reconciliation of net cash flow to
movement in net funds |
|
|
|
| (Decrease)/Increase in cash in the year |
|
(495) |
442 |
| Cash from change in liquid resources |
|
11,789 |
9,311 |
| Movement in net funds |
|
11,294 |
9,753 |
| Net funds at 1st January |
|
51,538 |
41,785 |
| Net funds at 31st December |
|
62,832 |
51,538 |
|
