Group statement of cashflows

Key financials

For the financial year ended 31 December 2016

  Notes 2016
€'000
2015
€'000
Cash flows from operating activities      
Cash generated from operating activities 34
374,303 307,865
Interest received   2,367
1,773
Interest paid (24,772) (22,939)
Tax paid (28,989) (99,87)
Net cash inflow from operating activities 322,909
276,712
       
Cash flows from investing activities    
Acquisition of subsidiaries - purchase consideration 36 (15,725)
(195,579)
Acquisition of subsidiaries - liabilities settled at completion
 -
(1,296)
Acquisition of subsidiaries - cash and cash equivalents acquired
1,065
6,991
Disposal of interest in Joint Venture  -
28,516
Capital grants received 29
 578
1,132
Insurance proceeds    - 1,035
Purchase of property, plant and equipment   (65,398) (103,753)
Purchase of intangible assets   (24,084)
(19,798)
Interest paid in relation to property, plant and equipment   (1,479)
(2,403)
Dividends received from Joint Ventures & Associates 17/18
13,825
14,924
Loan advanced to associate 37 (12,800)
 -
Net redemption and additions in available for sale financial assets 19(a) (491) 1140
Proceeds from property, plant and equipment   358
428
Net cash outflow from investing activities   (104,151)
(269,698)
Cash flows from financing activities      
Proceeds from issue of ordinary shares 23 23
642
Purchase of own shares 24 (10,413) (13,351)
(Decrease) / Increase in financial liabilities
(154,501) 91,577
Finance lease payments   (315) (507)
Dividends paid to Company shareholders 14
(37,163) (33,895)
Dividends paid to non-controlling interests 25
(933) (427)
Net cash (outflow) /  inflow from financing activities   (203,302) 44,039
Net increase in cash and cash equivalents   15,456 51,053
Cash and cash equivalents at the beginning of the year   169,125 110,370
Effects of exchange rate changes on cash and cash equivalents   2,636 7,702
Cash and cash equivalents at the end of the year 22 187,217 169,125
Reconciliation of net cash flow to movement in net debt   2016 €'000 2015 €'000
Net increase in cash and cash equivalents   15,456 51,053
Cash movements from debt financing   154,816 (91,070)
New finance leases 15
 (1,902)
(39)
Debt acquired on acquisition
   (848)  -

  167,522 (40,056)
Exchange translation adjustment on net debt   (20,837) (33,824)
Movement in net debt in the year   146,685 (73,880)
Net debt at the beginning of the year   (584,243) (510,363)
Net debt at the end of the year   (437,558) (584,243)
Net debt comprises:      
Financial liabilities 26 (624,775) (753,368)
Cash and cash equivalents net of bank overdrafts  22 187,217 169,125
    (437,558) (584,243)

© Glanbia plc 2017. All rights reserved

© Glanbia plc 2017. All rights reserved