Annual Report 2009 - Dairygold

Dairygold Co-Operative Society Limited Annual Report and Accounts 2009
Consolidated cash flow statement
for the year ended 31 December 2009
2009 2008
Notes E’000 E’000
Net cash inflow from operating activities 24 19,176 7,641
Returns on investments and servicing of finance 25 (1,869) (1,464)
Taxation paid (619) (3,535)
Capital expenditure and financial investment 26 (18,942) (24,797)
Acquisitions and disposals 27 (2,643) -
Equity share interest paid (1,296) (2,351)
Financing 28 (1,338) (205)
Decrease in cash in the year (7,531) (24,711)
Reconciliation of net cash flow to movement in net debt
for the year ended 31 December 2009
2009 2008
E’000 E’000
Decrease in cash in the year (7,531) (24,711)
Loans / leases acquired (4,653) -
Non cash movements 2,502 (5,150)
Movement in net debt (9,682) (29,861)
Net debt at 1 January (68,204) (38,343)
Net debt at 31 December (77,886) (68,204)
Analysis of net debt
At Non At
1 January Cash Acquisition cash 31 December
2009 flow movement movement 2009
E’000 E’000 E’000 E’000 E’000
Cash and bank balances 8,090 68 - 1,375 9,533
Overdrafts (794) 794 - - -
Finance leases - 609 (834) - (225)
7,296 1,471 (834) 1,375 9,308
Debt due within one year (5,000) (15,000) - - (20,000)
Debt due after one year (70,500) 6,502 (2,125) 623 (65,500)
Finance leases - (504) (1,694) 504 (1,694)
(75,500) (9,002) (3,819) 1,127 (87,194)
(68,204) (7,531) (4,653) 2,502 (77,886)
28