Enterprise Ireland Annual Report and Accounts 2009

Cash Flow Statement
For the year ended 31 December 2009

Skip navigation.
    2009   2008
    €'000   €'000
Reconciliation of Net Movement for the Year
to Net Cash Inflow from Operating Activities
       
Excess Income over Expenditure   42,594   (16,030)
Bank Interest   (1,351)   (2,459)
Dividends   (1,149)   (1,365)
Diminution in Value of Fixed Assets   25,270   34,822
Loss/(Profit) on Disposal of Tangible Fixed Assets   21   (238)
Loss on Disposal of Financial Fixed Assets   8,966   5,251
Diminution in Value of Financial Incentive Assets   285   -
Decrease in Debtors   182   2,353
(Decrease)/Increase in Creditors   (772)   1,906
Net Cash Inflow from Operating Activities   74,046   24,240
Cash Flow Statement        
Net Cash Inflow from Operating Activities   74,046   24,240
Contribution to Exchequer   (2,809)   (4,447)
Contribution from Other Organisations   208   1,948
Returns on Investments and Servicing of Finance        
Bank Interest received   1,351   2,459
Dividends received   1,149   1,365
Investing Activities        
Payments to acquire Fixed Assets        
Tangible   (2,073)   (20,940)
Financial:        
Investments in Shares   (74,002)   (30,702)
Seed and Venture Capital Funds   (16,123)   (7,934)
Recoverable Incentives Assets   (2,708)   (3,935)
Receipts from disposal of Fixed Assets        
Tangible   11   261
Financial:        
Investments in Shares   9,105   14,532
Seed and Venture Capital Fund   2,957   8,318
Recoverable Incentive Assets   170   5
Decrease in Cash and Cash Equivalents   (8,718)   (14,830)
Reconciliation of Net Cash Flow to Movement in Net Funds        
Net Funds at 31 December   32,984   41,702
Net Funds at 1 January   41,702   56,532
Movement in Net Funds in the Year   (8,718)   (14,830)

The Accounting Policies, Cashflow Statement, Notes 1 to 23 form part of these financial statements.

On behalf of the Board of Enterprise Ireland:

Hugh Cooney Signature

Hugh Cooney,
Chairman

Frank Ryan Signature

Frank Ryan,
Chief Executive Officer