| Notes | 2009 €’000 |
2008 €’000 |
|
| Reconciliation of Operating Profit to Net Cash Inflow from Operating Activities | |||
| Operating Profit | 25,647 | 26,969 | |
| Amortisation of capital grants | 18 | (601) | (625) |
| Depreciation charges | 7,267 | 6,910 | |
| Loss on disposal of tangible assets | 6 | - | |
| Decrease/(Increase) in stocks | 30 | (12) | |
| Decrease in debtors | 397 | 2,489 | |
| Decrease in creditors | (3,179) | (7,422) | |
| Change in relation to pension provision | (4,736) | (12,370) | |
| Net cash inflow from operating activities | 24,831 | 15,939 | |
| Cash Flow Statement | |||
| Net cash inflow from operating activities | 24,831 | 15,939 | |
| Returns on investments and servicing of finance | 25 | (2,547) | (994) |
| Taxation | (202) | 362 | |
| Capital Expenditure and financial investment | 25 | (22,252) | (25,734) |
| (170) | (10,427) | ||
| Equity Dividends paid | (5,300) | (5,108) | |
| (5,470) | (15,535) | ||
| Financing | 25 | 4,000 | 16,000 |
| (Decrease)/ Increase in cash | (1,470) | 465 | |
| Reconciliation of Net Cash Flow to Movement in Net Debt | |||
| (Decrease)/Increase in cash in the year | 26 | (1,470) | 465 |
| Cash flow from Increase in debt | 26 | (4,000) | (16,000) |
| Change in net debt | (5,470) | (15,535) | |
| Opening net debt | 26 | (33,655) | (18,120) |
| Closing net debt | 26 | (39,125) | (33,655) |
On Behalf of the Board
L McCaffrey
B W Kerr
25 March 2010