Statement of Cash Flows

Statement of Cash Flows
for the year ended 31 December 2018

Cash Flow from Operating Activities2018 €’0002017 €’000
Excess Expenditure over Income(1,258)365
Depreciation and impairment of fixed assets9375
(Increase)/Decrease in Receivables359(336)
Increase/(Decrease) in Payables(1,488)19,222
Bank interest paid/(received)45(3)
Allocation to Fund Capital Items143102
Transfer from Capital Reserve Account(93)(75)
Net Cash Inflow from Operating Activities(2,199)19,350
 
Cash Flows from Investing Activities
Payments to acquire fixed assets(143)(102)
Net Cash flows from Investing Activities(143)(102)
Cash Flows from Financing Activities
Bank interest (paid)/received(45)3
Net Cash Flows from Financing Activities(45)3
 
Increase in Cash and Cash Equivalents(2,387)19,251
 
Cash and cash equivalents at 1 January42,71123,460
 
Cash and Cash Equivalents at 31 December    40,32442,711

Michael Horgan
Chairperson
25 June 2019

Paul O’Toole
Chief Executive
25 June 2019