Notes to the Financial Statements
23. Note to the statement of cash flow
Notes | 2021 | 2020 | |
|---|---|---|---|
€’000 | €’000 | ||
Profit for the financial year | 25,995 | 34,251 | |
Tax on profit on ordinary activities | 3,964 | 5,438 | |
Net Finance expense/(income) | 5,458 | 4,461 | |
Operating Profit | 35,417 | 44,150 | |
Amortisation of capital grants | (490) | (564) | |
Depreciation of tangible assets | 13,780 | 10,998 | |
Amortisation of intangible assets | 94 | 86 | |
Revaluation of investment property | - | (665) | |
Profit on disposal of assets | (50) | (40) | |
Increase in inventories | (50) | (48) | |
Decrease/(Increase) in debtors | 5,136 | (3,318) | |
(Decrease) in creditors | (1,036) | (176) | |
Change in relation to pension provision | 1,513 | 1,129 | |
Net cash inflow from operating activities | 54,314 | 51,552 |