Annual Report 2009 - Dairygold

Dairygold Co-Operative Society Limited Annual Report and Accounts 2009
24 Reconciliation of operating profit to net cash inflow from operating activities
2009 2008
E’000 E’000
Operating profit 13,459 2,267
Depreciation 14,941 14,392
Difference between current service pension cost and payments made 957 1,817
Capital grants credit (804) (943)
Goodwill and other intangible asset amortisation 1,061 932
Cash related to reorganisation and fundamental restructuring (1,992) (2,236)
Profit on disposal of fixed assets - (58)
Decrease in stocks 13,968 3,884
Increase in debtors (2,305) (5,731)
Decrease in creditors (20,109) (6,683)
Net cash inflow from operating activities 19,176 7,641
25 Returns on investments and servicing of finance
2009 2008
E’000 E’000
Interest received 2,600 2,590
Interest paid (4,469) (4,054)
(1,869) (1,464)
26 Capital expenditure and financial investment
2009 2008
E’000 E’00
Payments to acquire tangible fixed assets (20,115) (25,738)
Payments to acquire intangible fixed assets - (2,706)
Payments to acquire financial fixed assets (20,792) (30,436)
Receipts on disposals of tangible fixed assets - 78
Receipts on disposals of financial fixed assets 21,151 28,026
Capital grants 814 5,979
(18,942) (24,797)
27 Acquisitions and disposals
2009 2008
E’000 E’000
Payments to acquire a subsidary and a business - Note 23 (2,643) -
46