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Annual Report 2008
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Consolidated Cash Flow Statement
Contents
Mission Vision and Values
Board of Directors and Corporate Information
Chairman's Statement
Management
Chief Executive's Review
Financial Review
Universal Service
Sustainability
Stamp Issues and Philatetic Publications
Report of the Directors
Corporate Governance
Statement of the Directors on the Accounting Systems
Statement of Directors' Responsibilities
Report of the Independent Auditor
Report of the Independent Auditor on the Accounting Systems
Statement of Accounting Policies
Consolidated Profit and Loss Account
Consolidated Statement of Total Recognised Gains and Losses
Consolidated Balance Sheet
Company Balance Sheet at 31 December 2008
Consolidated Cash Flow Statement
Notes to the Financial Statements
Five Year Financial Summary
Operational Statistics
Consolidated Cash Flow Statement
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Notes
2008
€'000
2007
€'000
Net cash inflow from operating activities
Returns on investments and servicing of finance
Taxation
Capital expenditure and financial investment
Acquisitions and disposals
22
22
22
22
22
44,442
-
(6,845)
(40,341)
-
84,447
(5)
(8,852)
(9,556)
5,470
Cash (outflow)/inflow before use of liquid resources
Management of liquid resources
22
(2,744)
9,897
71,504
(117,709)
Increase/(decrease) in cash in the year
7,153
(46,205)
Reconciliation of net cash flow to movement in net funds
Notes
2008
€'000
2007
€'000
Increase/(decrease) in cash in the year
Cash flows from change in liquid resources
23
23
7,153
(9,897)
(46,205)
117,709
Change in net funds resulting from cash flows
Cash in subsidiaries sold
Net funds at beginning of year
23
23
23
(2,744)
-
353,207
71,504
(13,346)
295,049
Net funds at end of year
23
350,463
353,207