Statement of Cash Flows


For the year ended 31 December 2017

Note 2017
€000
2016
€000
Cash flows from operating activities
Net income/expenditure - -
Depreciation of property, equipment and vehicles 10 592 1,737
Amortisation of intangible assets 11 227 64
Impairment charge of intangible assets 11 746 -
Profit on disposal of property, equipment and vehicles (19) (23)
Decrease/(Increase) in receivables 12, 13 4,284 (381)
Increase/(Decrease) in payables 14 412 (2,421)
(Decrease) in deferred income 14, 15 (158) (467)
(Decrease)/Increase in provisions 16 (372) 315
Capital funding 2,154 1,837
Amortisation of capital funding (1,568) (1,824)
Net cash inflow/(outflow) from operating activities 6,298 (1,163)

Cash flows from investing activities
Payments to acquire property, equipment and vehicles 10 (1,490) (595)
Payments to acquire intangible assets 11 (664) (1,242)
Proceeds from sale of property, equipment and vehicles 22 46
Net cash (outflow) from Investing activities (2,132) (1,791)

Increase/(Decrease) in cash at bank

4,166

(2,954)
Cash at bank at 1 January 835 3,789

Cash at bank at 31 December

5,001

835