Cash Flow Statement

Cash Flow Statement

for the year ended 31 December 2017
.
2017 (€'000)
2016 (€'000)
Cash flows from operating activities
Loss before tax for the year
(20,419)
(20,546)
Adjustment for:
Depletion and depreciation
67
66
Amortisation for intangible assets
104
104
Impairment of exploration and evaluation assets
14,643
15,095
Finance income
(1,116)
(39)
Finance expense
133
1,741
Equity settled share payment charge
431
142
Foreign exchange
2,814
1,113
Change in trade and other receivables
(7,405)
1,919
Change in trade and other payables
9,457
(10,585)
Interest paid
-
(1,266)
Net cash outflow from operating activities
(1,291)
(12,256)
Cash flows from investing activities
Interest received
156
39
Acquisition of exploration and evaluation assets
(8,015)
(3,982)
Acquisition of property, plant and equipment
(27)
-
Movement in restricted cash
-
-
Net cash used in investing activities
(7,886)
(3,943)
Cash flows from financing activities
Proceeds from issue of share capital
-
61,202
Issued costs
-
(416)
Repayment of loans and borrowings
-
(19,633)
Net cash from financing activities
-
41,153
Net increase in cash and cash equivalents
(9,177)
24,954
Cash and cash equivalents at 1 January
31,403
6,518
Effect of exchange rate fluctuations on cash and cash equivalents
(2,623)
(69)
Cash and cash equivalents at 31 December
19,603
31,403