Annual Report and Accounts 2006 - DCC plc

54 financial statementsgroup cash flow statementfor the year ended 31 March 20062006 2005Note €’000 €’000Cash generated from operations 41 142,922 116,396Exceptional items (15,377) (6,560)Interest paid (20,573) (15,627)Income tax paid (12,157) (9,289)Net cash flows from operating activities 94,815 84,920Investing activitiesInflowsProceeds from disposal of fixed assets 11,223 7,875Capital grants received 35 1,174 -Interest received 13,650 12,83326,047 20,708OutflowsPurchase of property, plant and equipment (57,652) (43,647)Acquisition of subsidiaries (48,625) (77,288)Purchase of minority interests (506) (905)Deferred acquisition consideration paid (5,580) (2,955)(112,363) (124,795)Net cash flows from investing activities (86,316) (104,087)Financing activitiesInflowsProceeds from issue of shares 3,344 6,858Increase in interest-bearing loans and borrowings 36,624 213,24439,968 220,102OutflowsShare buyback - (26,762)Repayment of interest-bearing loans and borrowings (663) (88,918)Repayment of finance lease liabilities (5,973) (5,062)Dividends paid to equity holders of the Company 17 (31,568) (27,212)Dividends paid to minority interests 40 (201) (176)(38,405) (148,130)Net cash flows from financing activities 1,563 71,972Change in cash and cash equivalents 10,062 52,805Translation adjustment (4,541) (10,074)Cash and cash equivalents at beginning of year 314,397 271,666Cash and cash equivalents at end of year 30 319,918 314,397Cash and cash equivalents consists of:Cash and short term bank deposits 27 345,280 353,304Overdrafts 30 (25,362) (38,907)30 319,918 314,397