Cash Flow Statement

Cash Flow Statement

for the year ended 31 December 2015
.
2015 (€'000)
2014 (€'000)
Cash flows from operating activities
Loss before tax for the year
(24,137)
(11,489)
Adjustment for:
Depletion and depreciation
34
18
Amortisation for intangible assets
17
-
Impairment of exploration and evaluation assets
5,787
99
Finance income
(34)
(39)
Finance expense
11,091
5,065
Foreign exchange
(2,684)
(441)
Change in trade and other receivables
(287)
1,004
Change in trade and other payables
(521)
(2,855)
Interest paid
(4,204)
(1,350)
Net cash outflow from operating activities
(14,938)
(9.988)
Cash flows from investing activities
Interest received
34
39
Acquisition of exploration and evaluation assets
(7,746)
(8,221)
Acquisition of property, plant and equipment
(484)
(14)
Acquisition of property, plant and equipment
-
-
Movement in restricted cash
3,296
(3,296)
Disposal of development and production assets - Singleton
-
16,233
Net cash used in investing activities
(4,900)
(11,492)
Cash flows from financing activities
Proceeds from issue of share capital
25,754
-
Issued costs
(1,443)
-
Repayment of loans and borrowings
(3,671)
-
Proceeds from drawdown of loans and borrowings
-
16,699
Net cash from financing activities
20,640
16,699
Net decrease in cash and cash equivalents
802
(4,781)
Cash and cash equivalents at 1 January
5,256
8,998
Effect of exchange rate fluctuations on cash and cash equivalents
460
1,039
Cash and cash equivalents at 31 December
6,518
5,256