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Enterprise Ireland
Annual Report and Accounts
2007

Financial Statements - Cash Flow Statement

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For Year Ended 31 December 2007

  2007
€'000
2006
€'000
Reconciliation of Net Movement for the Year to Net Cash Inflow from Operating Activities    
Excess Income over Expenditure 13,005 15,705
Bank Interest (1,914) (888)
Dividends (1,644) (2,050)
Diminution in Value of Fixed Assets 7,752 21,344
Loss on Disposal of Tangible Fixed Assets 314 3
Loss/(Profit) on Disposal of Financial Fixed Asset 8,658 (10,736)
Increase in Financial Incentive Assets (2,529) (891)
(Increase)/Decrease in Debtors (865) 720
(Decrease)/Increase in Creditors (2,702)
3,296
Net Cash Inflow from Operating Activities 20,075
26,503
Cash Flow Statement    
Net Cash Inflow from Operating Activities 20,075 26,503
Contribution to Exchequer (3,100) (1,281)
Contribution from Other Organisations 484 1,183
Returns on Investments and Servicing of Finance    
Bank Interest received 1,914 888
Dividends received 1,644
2,050
Investing Activities    
Payments to acquire Fixed Assets    
Tangible (5,207) (1,343)
Financial:    
Investments in Shares (23,679) (25,033)
Seed and Venture Capital Fund (11,974) (7,844)
Receipts from disposal of Fixed Assets    
Tangible 9 2
Financial:    
Investments in Shares 18,974 19,887
Seed and Venture Capital Fund 3,437
10,717
Increase in Cash and Cash Equivalents 2,577
25,729
Reconciliation of Net Cash Flow to Movement in Net Funds    
Net Funds at 31 December 56,532 53,955
Net Funds at 1 January 53,955
28,226
Movement in Net Funds in the Year 2,577
25,729

The Accounting Policies, Cashflow Statement, Notes 1 to 24 and Appendix 1 form part of these financial statements.

On behalf of the Board of Enterprise Ireland:

Patrick J. Molloy signature

Patrick J Molloy,
Chairman

Frank Ryan signature

Frank Ryan,
Chief Executive Officer.

 

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