Statement of Cash Flows

For the Financial Year ended 31 December 2021

	Notes	2021	2020
		€’000	€’000
Net cash from operating activities	23	54,314	51,552
Taxation paid		(4,374)	(2,893)
Net cash generated from operating activities		49,940	48,659

Cash flows from investing activities
Purchase of tangible assets		(74,964)	(56,878)
Purchase of intangible assets		(40)	(61)
Proceeds from disposal of tangible assets		50	51
Interest received		-	10
Net cash used in investing activities		(74,954)	(56,878)

Cash flow from financing activities
Proceeds from issue of bonds		-	100,000
Repayment of bank borrowings		(5,264)	(5,264)
Dividends paid	9	-	-
Interest paid and similar charges		(5,891)	(3,685)
Net cash (used in)/generated from financing activities		(11,155)	91,051

Net (decrease)/increase in cash at bank and in hand		(36,169)	82,832
Cash and cash equivalents at the beginning of the year		160,137	77,305

Cash and cash equivalents at the end of the year		123,968	160,137

Cash and cash equivalents consists of:
Cash at bank and in hand		123,968	160,137
Cash and cash equivalents		123,968	160,137