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 |