Annual Report and Accounts 2006 - DCC plc

financial statements57company cash flow statementfor the year ended 31 March 20062006 2005Note €’000 €’000Profit for the year (1,651) 915Add back non-operating (income)/expense-Tax 1,199 (53)- Net finance costs (4,168) (3,830)Operating profit (4,620) (2,968)Depreciation - 94Profit on sale of property, plant and equipment - (15)Changes in working capital:- Trade and other receivables 26 14,612 14,420- Trade and other payables 26 (11,106) 32,683Cash generated from operations (1,114) 44,214Interest paid (907) (867)Income tax (paid)/received (1,199) 53Net cash flows from operating activities (3,220) 43,400Investing activitiesInflowsProceeds from disposal of fixed assets - 15Interest received 5,075 4,6975,075 4,712OutflowsPurchase of property, plant and equipment - (242)Deferred acquisition consideration paid (2,963) (938)Additional investment in subsidiary undertakings 22 (15,258) -(18,221) (1,180)Net cash flows from investing activities (13,146) 3,532Financing activitiesInflowsDividends received 44,499 65Proceeds from issue of shares 3,344 6,85847,843 6,923OutflowsShare buyback - (26,762)Dividends paid to equity holders of the Company 17 (31,568) (27,212)(31,568) (53,974)Net cash flows from financing activities 16,275 (47,051)Change in cash and cash equivalents (91) (119)Cash and cash equivalents at beginning of year 248 367Cash and cash equivalents at end of year 157 248