Notes to the Financial Statements
23. Note to the statement of cash flow
Notes | 2020 | 2019 | |
|---|---|---|---|
€’000 | €’000 | ||
Profit for the financial year | 34,251 | 38,645 | |
Tax on profit on ordinary activities | 5,438 | 5,974 | |
Net Finance expense/(income) | 4,461 | (390) | |
Operating Profit | 44,150 | 44,229 | |
Amortisation of capital grants | (564) | (582) | |
Depreciation of tangible assets | 10,998 | 10,238 | |
Amortisation of intangible assets | 86 | 80 | |
Revaluation of investment property | (665) | - | |
Profit on disposal of assets | (40) | (5) | |
Increase in inventories | (48) | (38) | |
Decrease/(Increase) in debtors | (3,318) | 78 | |
(Decrease)/Increase in creditors | (176) | 815 | |
Change in relation to pension provision | 1,129 | 994 | |
Net cash inflow from operating activities | 51,552 | 55,809 |