| |
Notes |
Year to 30 September 2020
€000 |
Year to 30 September 2019
€000
Restated |
| Operating activities |
|
|
|
| Profit for the period |
|
19,558 |
28,447 |
| Adjustments to reconcile profit for the period to net cashflows: |
|
|
|
| Income tax expense recognised in income statement |
13 |
10,294 |
9,920 |
| Interest expense and bank commissions |
9 |
3,970 |
4,718 |
| Loss on disposal of intangible and tangible assets |
|
866 |
50 |
| Other financial income |
9 |
(151) |
(312) |
| Depreciation of property, plant and equipment |
18 |
7,140 |
6,744 |
| Depreciation of right-of-use assets |
19 |
3,568 |
3,158 |
| Amortisation of intangible assets |
16 |
2,319 |
1,966 |
| Impairment of goodwill and brands |
8 |
9,591 |
14,295 |
| Impairment of investment |
8, 23 |
14,193 |
- |
| Net release of contingent consideration |
8, 23 |
(1,510) |
- |
| Gain on liquidation of subsidiary |
8 |
- |
(3,766) |
| Net foreign exchange (gain)/loss |
9 |
(28) |
81 |
| Share-based compensation charge |
36 |
2,864 |
2,492 |
| Share of loss of equity-accounted investees, net of tax |
23 |
165 |
536 |
| Increase/(decrease) in provisions |
|
668 |
(443) |
| |
|
73,507 |
67,886 |
| Working capital adjustments |
|
|
|
| Decrease in trade receivables and other assets |
|
18,656 |
9,962 |
| Increase in inventories |
|
(1,927) |
(7,815) |
| Increase in trade payables and other liabilities |
|
513 |
1,384 |
| |
|
17,242 |
3,531 |
| Cash generated by operations |
|
90,749 |
71,417 |
| Income tax paid |
13 |
(17,451) |
(15,196) |
| Net cashflow from operating activities |
|
73,298 |
56,221 |
| Investing activities |
|
|
|
| Interest received |
9 |
151 |
195 |
| Funds placed on short-term deposit |
33 |
(18,132) |
- |
| Payments to acquire intangible assets |
16 |
(3,583) |
(1,628) |
| Proceeds from sale of property, plant and equipment |
|
148 |
21 |
| Purchase of property, plant and equipment |
18 |
(7,723) |
(8,556) |
| Acquisition of subsidiaries, net of cash acquired |
37 |
- |
(31,801) |
| Payment of contingent consideration |
25 |
(1,350) |
- |
| Net cashflow from investing activities |
|
(30,489) |
(41,769) |
| Financing activities |
|
|
|
| (Decrease)/increase in borrowings |
24 |
(32,379) |
24,981 |
| Interest paid |
|
(3,624) |
(5,361) |
| Purchase of own shares |
29 |
(3,841) |
- |
| Payment of lease liabilities |
25 |
(3,887) |
(3,234) |
| Dividends paid to equity holders of the Parent |
30 |
(17,999) |
(17,121) |
| Net cashflow from financing activities |
|
(61,730) |
(735) |
| Net (decrease)/increase in cash and cash equivalents |
|
(18,921) |
13,717 |
| Cash and cash equivalents at the start of the year |
|
63,437 |
50,143 |
| Effect of exchange rates on cash and cash equivalents |
|
(1,769) |
(423) |
| Cash and cash equivalents at the end of the year |
34 |
42,747 |
63,437 |