Investor relations

Consolidated cash flow statement
for the year ended 31 December 2019


2019

€’000

2018

€’000

(Loss)/profit before taxes

(2,438)

1,627

Adjustments for:

Net interest income

(46)

(64)

Depreciation, impairment and amortisation

25

655

Inventory writedown

591

Charge for share-based payments

(262)

(132)

Change in provisions

(1,385)

Gain from the disposal of property, plant and equipment and intangibles

(70)

(27)

(Gain)/losses in foreign currency exchange

(414)

145

(3,205)

1,410

Changes in working capital

Decrease in inventories

53

3,197

Decrease in accounts receivables

13

1,000

Decrease in accounts payables and deferred income

(375)

(329)

Decrease in other assets

370

22,549

Decrease in other liabilities

(8)

(147)

(3,152)

27,680

Income taxes paid

(394)

Interest received

46

64

Net cash (used in)/generated from operating activities

(3,500)

27,744

Cash flow from investing activities

Proceeds from sale of property, plant and equipment

70

29

Payments to acquire property, plant and equipment and intangibles

(12)

(12)

Net cash generated from/(used in) investing activities

58

17

Cash flow from financing activities

Capital return to shareholders

(43,423)

EBT participation in capital return

535

Net cash used in financing activities

(42,888)

Cash (used in)/generated from operations

(46,330)

27,761

Effects of foreign exchange rate changes on cash and cash equivalents

974

(678)

Cash and cash equivalents at the beginning of the year

53,964

26,881

Cash and cash equivalents at the end of the year

8,608

53,964

The accompanying notes form an integral part of these financial statements.

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