Cash Flow Statement

Cash Flow Statement

for the year ended 31 December 2018
.
2018 (€'000)
2017 (€'000)
Cash flows from operating activities
Loss before tax for the year
(4,779)
(20,419)
Adjustment for:
Depletion and depreciation
55
67
Amortisation for intangible assets
88
104
Impairment of exploration and evaluation assets
723
14,643
Finance income
(96)
(1,116)
Finance expense
450
133
Equity settled share payment charge
243
431
Foreign exchange
(677)
2,814
Change in trade and other receivables
7,196
(7,405)
Change in trade and other payables
(10,885)
9,457
Interest paid
-
-
Net cash outflow from operating activities
(7,682)
(1,291)
Cash flows from investing activities
Interest received
96
156
Acquisition of exploration and evaluation assets
(5,043)
(8,015)
Acquisition of property, plant and equipment
(21)
(27)
Movement in restricted cash
-
-
Net cash used in investing activities
(4,968)
(7,886)
Cash flows from financing activities
Proceeds from issue of share capital
-
-
Issued costs
-
-
Repayment of loans and borrowings
-
-
Net cash from financing activities
-
-
Net increase in cash and cash equivalents
(12,650)
(9,177)
Cash and cash equivalents at 1 January
19,603
31,403
Effect of exchange rate fluctuations on cash and cash equivalents
664
(2,623)
Cash and cash equivalents at 31 December
7,617
19,603