Consolidated Statement of Cash Flows

for the financial year ended 31 December 2020

2020

2019

Notes

€m

€m

Net cash inflow from operating activities

34

46.1

84.8

Cash flow from investing activities

Proceeds on disposal of property, plant and equipment

4.9

1.8

Return of vessel contract deposit

33.0

-

Purchases of property, plant and equipment

(29.1)

(53.9)

Purchases of intangible assets

(1.0)

(0.2)

Net cash inflow / (outflow) from investing activities

7.8

(52.3)

Cash flow from financing activities

Dividends paid to equity holders of the Company

-

(24.7)

Share buyback

(1.7)

(12.9)

Repayments of leases liabilities

(9.2)

(9.0)

Repayments of bank loans

(3.7)

-

Proceeds on issue of ordinary share capital

0.2

0.1

Net cash (outflow) from financing activities

(14.4)

(46.5)

Net increase / (decrease) in cash and cash equivalents

39.5

(14.0)

Cash and cash equivalents at beginning of year

110.9

124.7

Effect of foreign exchange rate changes

-

0.2

Cash and cash equivalents at end of year

19

150.4

110.9