Aer Lingus 2008 Annual Report Download - page 49

Download and view the complete annual report

Please find page 49 of the 2008 Aer Lingus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 92

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92

47
AER LINGUS GROUP PLC - ANNUAL REPORT 2008
Consolidated Cash Flow Statement
Year ended 31 December
Notes 2008 2007
€’000 €’000
Cash flows from operating activities
Cash (used in)/generated from operations 27 (8,627) 59,122
Interest paid (17,684) (22,437)
Income tax received/(paid) 5,046 (4,002)
Net cash (used in)/generated from operating activities (21,265) 32,683
Cash flows from investing activities
Purchases of property, plant and equipment (114,490) (200,604)
Purchases of intangible assets 10 (5,619) (4,294)
Proceeds from sale of investment - 11,374
Disposal of available-for-sale financial assets - 9,031
(Increase)/decrease in deposits and restricted cash with maturity
greater than 3 months (44,099) 138,066
Dividends received - 2,998
Interest received 46,766 60,008
Net cash (used in)/generated from investing activities (117,442) 16,579
Cash flows from financing activities
Costs arising from issuance of ordinary shares - (3,720)
Proceeds from borrowings 186,135 2,090
Repayments of borrowings (38,695) (61,104)
Net cash generated from/(used in) financing activities 147,440 (62,734)
Net increase/(decrease) in cash, cash equivalents and bank overdrafts 8,733 (13,472)
Cash, cash equivalents and bank overdrafts at beginning of the year 16 (12,185) (1,226)
Exchange gains on cash, cash equivalents and bank overdrafts 9,533 2,513
Cash, cash equivalents and bank overdrafts at end of the year 16 6,081 (12,185)
The notes on pages 48 to 84 are an integral part of the financial statements.
A cash flow statement has not been prepared for the holding company as it does not hold any cash. There was no cash held in the
holding company during the years ended 31 December 2008 and 2007 or at either year-end.