| |
Notes |
Year to 30 September 2019
€000 |
9 months to 30 December 2018
€000 |
| Operating activities |
|
|
|
| Profit for the period |
|
28,310 |
19,283 |
| Adjustments to reconcile profit for the period to net cashflows: |
|
|
|
| Income tax expense recognised in income statement |
13 |
9,920 |
7,244 |
| Interest expense and bank commissions |
9 |
4,218 |
1,938 |
| Loss/(gain) on disposal of intangible and tangible assets |
|
50 |
(19) |
| Other financial income |
9 |
(312) |
(93) |
| Depreciation of property, plant and equipment |
18 |
6,805 |
6,424 |
| Amortisation of intangible assets |
16 |
1,966 |
1,042 |
| Impairment of goodwill and brands |
8 |
14,295 |
- |
| Gain on liquidation of subsidiary |
8 |
(3,766) |
- |
| Net foreign exchange loss/(gain) |
9 |
81 |
(156) |
| Share-based compensation |
34 |
2,492 |
129 |
| Share of loss of equity-accounted investees, net of tax |
22 |
536 |
166 |
| Decrease in provisions |
|
(443) |
(455) |
| |
|
64,152 |
35,503 |
| Working capital adjustments |
|
|
|
| Decrease in trade receivables and other assets |
|
9,962 |
43,817 |
| Increase in inventories |
|
(7,815) |
(7,610) |
| Increase/(decrease) in trade payables and other liabilities |
|
1,384 |
(20,316) |
| |
|
3,531 |
15,891 |
| Cash generated by operations |
|
67,683 |
51,394 |
| Income tax paid |
13 |
(15,196) |
(4,458) |
| Net cashflow from operating activities |
|
52,487 |
46,936 |
| Investing activities |
|
|
|
| Interest received |
9 |
195 |
93 |
| Payments to acquire intangible assets |
16 |
(1,628) |
(1,075) |
| Proceeds from sale of property, plant and equipment |
|
21 |
33 |
| Purchase of property, plant and equipment |
18 |
(8,556) |
(2,449) |
| Acquisition of subsidiaries, net of cash acquired |
35 |
(31,801) |
- |
| Net cashflow from investing activities |
|
(41,769) |
(3,398) |
| Financing activities |
|
|
|
| Increase/(decrease) in borrowings |
23 |
24,981 |
(32,015) |
| Interest paid |
|
(4,861) |
(1,773) |
| Purchase of own shares |
28 |
- |
(3,532) |
| Dividends paid to equity holders of the Parent |
29 |
(17,121) |
(16,398) |
| Net cashflow from financing activities |
|
2,999 |
(53,718) |
| Net increase/(decrease) in cash and cash equivalents |
|
13,717 |
(10,180) |
| Cash and cash equivalents at the start of the period |
|
50,143 |
61,341 |
| Effect of exchange rates on cash and cash equivalents |
|
(423) |
(1,018) |
| Cash and cash equivalents at the end of the period |
32 |
63,437 |
50,143 |