Statement of Cash Flows

For the Financial Year ended 31 December 2022

	Notes	2023	2022
		€’000	€’000
Net cash from operating activities	24	55,531	57,842
Taxation paid		(4,086)	(6,879)
Net cash generated from operating activities		51,445	50,963

Cash flows from investing activities
Purchase of tangible assets		(65,530)	(45,485)
Purchase of intangible assets - software		(198)	(137)
Proceeds from disposal of tangible assets		75	-
Proceeds from development land received in year	8	-	10,000
Grants received		-	12
Interest received		2,239	104
Net cash used in investing activities		(63,414)	(35,506)

Cash flow from financing activities
Proceeds from issue of unsecured Class A Senior bonds		-	100,000
Repayment of term debt facilities		(5,263)	(5,273)
Dividends paid	9	(2,250)	-
Interest paid and similar charges		(8,883)	(6,271)
Net cash (used in)/generated from financing activities		(16,396)	88,456

Net (decrease)/increase in cash at bank and in hand		(28,365)	103,913
Cash and cash equivalents at the beginning of the year		227,881	123,968

Cash and cash equivalents at the end of the year		199,516	227,881

Cash and cash equivalents consists of:
Cash at bank and in hand		199,516	227,881
Cash and cash equivalents		199,516	227,881