Cash Flows from Operating Activities

Surplus/(deficit) for the year

7,938

(7,201)

Adjustments for:

Depreciation of property, plant and equipment

5

12,265

12,670

Amortisation of intangible assets

5

1,278

1,133

Impairment of intangible assets

10

1,870

-

Gain on disposal of property, plant and equipment

8

(288)

Exceptional items

-

(256)

Difference between pension credit and cash contributions

903

839

Net finance expense

336

232

26,461

5,440

Change in inventories and related inventory payables

1,062

363

Change in receivables and prepayments

(8,431)

(3,436)

Change in trade and other payables

(5,248)

7,215

Change in taxation and social welfare

1,491

1,786

Net Cash generated from Operating Activities

22,560

8,025

Cash Flows from Investing Activities

Proceeds from sale of property, plant and equipment

20

305

Capital grant

170

(41)

Acquisition of property, plant and equipment

(6,434)

(11,256)

Net Cash absorbed by Investing Activities

(7,988)

(14,023)

Cash Flows from Financing Activities

Proceeds from borrowings

15

5,000

10,000

Interest paid

(830)

(1,046)

Cash payments for the principal portion of the lease liability

(675)

(708)

Cash payments for the interest portion of the lease liability

(51)

(60)

Net Cash generated/(absorbed) by Financial Activities

22,444

(20,814)

Net increase/(decrease) in cash and cash equivalents

37,016

(26,812)