For the Financial Year ended 31 December 2016
Notes | 2016 €’000 | 2015 €’000 | |
| Net cash from operating activities | 43,179 | 46,409 | |
Taxation paid | (4,539) | (3,837) | |
| Net cash generated from operating activities | 38,640 | 42,572 |
| Cash flows from investing activities | |||
Purchase of tangible assets | (45,013) | (15,924) | |
Grants received | 55 | 1,127 | |
Proceeds from disposal of tangible assets | 304 | 47 | |
Restricted Cash | (14,125) | - | |
Interest received | 39 | 242 | |
Movement in short term investments | 35,115 | (17,962) | |
Net cash used in investing activities | (23,625) | (32,470) | |
| Cash flow from financing activities | |||
Dividends paid | (10,912) | (8,800) | |
Interest paid and similar charges | (1,076) | (1,077) | |
Net cash used in financing activities | (11,988) | (9,877) | |
| Net increase in cash at bank and in hand | 3,027 | 225 | |
Cash and cash equivalents at the beginning of the year | 34,959 | 34,734 | |
Cash and cash equivalents at the end of the year | 37,986 | 34,959 | |
| Cash and cash equivalents consists of: | |||
Cash at bank and in hand | 37,986 | 5,882 | |
Short term investments (included in current asset investments) | - | 29,077 | |
Cash and cash equivalents | 37,986 | 34,959 |
