Group Cash Flow Statement

Year ended 31 December 2011

       
  2011 2010
 Notes €'000 €'000
Net cash inflow from operating activities 26(a) 48,491 71,452
Return on investment and servicing of finance      
Net interest 26(b) (8,569) (10,105)
Taxation   (1,708) (2,819)
Capital expenditure      
Purchase of tangible fixed assets 26(c) (42,421) (45,372)
Sale of tangible fixed assets 26(d) 8,624 10,763
Capital grants received 26(e) 1,709 2,663
Sale of JV shareholding - 193
Net cash outflow from capital expenditure   (32,088) (31,753)
Equity dividends paid to shareholders 7 (10,000) -
Net cash (outflow)/inflow from management of liquid resources   (3,874) 26,775
 
Financing      
Capital element of finance lease payments 26(e) 31 (16)
Increase in borrowings 26(h) 10,000 2,300
Increase in cash at bank   6,157 29,059


Brendan McKenna
(Chairman)              David Gunning (Chief Executive)