Aer Lingus 2014 Annual Report Download - page 90

Download and view the complete annual report

Please find page 90 of the 2014 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 146

  • 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
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146

88
Consolidated statement of cash flows
Year ended 31 December
Note
2014
2013
€'000
€'000
Cash flows from operating activities
Cash generated from operations
35
174,923
101,088
Income tax paid
(66)
(19)
Net cash generated from operating activities
174,857
101,069
Cash flows from investing activities
Purchases of non-current assets
(55,278)
(33,902)
Investment in joint venture
(1,428)
(10,715)
Proceeds from sales of property, plant and equipment
-
2,535
Decrease/(Increase) in deposits
153,069
(98,066)
Increase in deposits - pension escrow
(190,700)
-
Interest received
5,957
3,652
Net cash used in investing activities
(88,380)
(136,496)
Cash flows from financing activities
Repayment of finance lease obligations
(122,179)
(47,043)
Interest paid
(6,772)
(8,116)
Dividends paid
(21,319)
(21,286)
Decrease in loans and receivables
34,316
-
Net cash used in financing activities
(115,954)
(76,445)
Net decrease in cash, cash equivalents and bank overdrafts
(29,477)
(111,872)
Cash, cash equivalents and bank overdrafts at 1 January
188,805
312,939
Exchange gains on cash, cash equivalents and bank overdrafts
34,286
(12,262)
Cash, cash equivalents and bank overdrafts at 31 December
23
193,614
188,805
The Notes on pages 90 to 139 form an integral part of these financial statements.