Notes

2021

2020

Cash Flows from Operating Activities

Surplus for the year

2,359

7,938

Adjustments for:

Depreciation of property, plant and equipment

5

10,611

12,265

Amortisation of intangible assets

5

1,043

1,278

Impairment of intangible assets

9

1,189

1,870

(Gain)/loss on disposal of property, plant and equipment

(73)

8

Difference between pension credit and cash contributions

1,072

903

Net finance (income)/expense

(682)

336

15,926

26,461

Change in inventories and related inventory payables

2,605

1,062

Change in receivables and prepayments

10,346

(8,431)

Change in trade and other payables

6,565

(5,248)

Change in taxation and social welfare

(2,274)

1,491

Net Cash generated from Operating Activities

27,682

22,560

Cash Flows from Investing Activities

Proceeds from sale of property, plant and equipment

77

20

Capital grant

-

170

Acquisition of property, plant and equipment

(9,981)

(6,434)

Net Cash absorbed by Investing Activities

(11,552)

(7,988)

Cash Flows from Financing Activities

Proceeds from borrowings

14

-

5,000

Interest paid

(1,218)

(830)

Cash payments for the principal portion of the lease liability

(606)

(675)

Cash payments for the interest portion of the lease liability

(79)

(51)

Net Cash (absorbed)/generated by Financial Activities

(30,795)

22,444

Net (decrease)/increase in cash and cash equivalents

(14,665)

37,016