25. Note to the statement of cash flow
| Notes | 2016 €’000 | 2015 €’000 | |
Profit for the financial year | 39,040 | 36,372 | |
Tax on profit on ordinary activities | 6,042 | 5,552 | |
Net interest expense | 472 | 1,017 | |
Operating Profit | 45,554 | 42,941 | |
Amortisation of capital grants | (475) | (489) | |
Depreciation of tangible assets | 9,004 | 7,609 | |
Amortisation of intangible assets | 78 | 45 | |
Revaluation of investment property | (350) | (800) | |
Profit on disposal of assets | (169) | - | |
Write-off of fixed assets | (7) | - | |
(Increase)/decrease in inventories | (12) | 17 | |
(Increase)/decrease in debtors | (3,369) | 1,025 | |
Increase in creditors | 143 | 988 | |
Change in relation to pension provision | (7,219) | (4,927) | |
Net cash inflow from operating activities | 43,179 | 46,409 |
