One51 plc

Consolidated Statement of Cash Flows

For the year ended 31 December

  2016
€’000
2015
€’000
Net cash flows from operating activities before working capital movements 46,453 31,210
Movements in working capital 9,064 2,477
Net cash flows from operating activities 55,517 33,687
Cash flows from investing activities    
Proceeds from sale of property, plant and equipment & intangible assets 288 2,520
Disposal/discontinuation of subsidiary undertakings, net of cash disposed 501 (871)
Share redemption proceeds from equity-accounted investee (net of associated costs) - 51,241
Dividend received from equity-accounted investee 177 -
Disposal of investment property and property held-for-sale 2,564 2,050
Acquisition of property, plant and equipment (31,737) (23,821)
Acquisition of intangible assets (527) (423)
Acquisition of subsidiaries, including associated costs and net of cash acquired (21,297) (175,855)
Deferred consideration paid (366) (397)
Grants received 723 175
Net cash used in investing activities (49,674) (145,381)
Cash flows from financing activities    
Finance costs paid (9,183) (5,770)
Net proceeds from equity issued 11 63
Net drawdown of bank borrowings 17,439 54,660
Drawdown of other borrowings - 29,092
Payment of finance lease liabilities - (325)
Net cash from financing activities 8,267 77,720
Net increase/(decrease) in cash and cash equivalents 14,110 (33,974)
Cash and cash equivalents at 1 January 25,499 59,629
Effect of movements in exchange rates on cash held (259) (156)
Cash and cash equivalents at 31 December 39,350 25,499

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