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Consolidated Cash Flow Statement Dec 31 2003
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| Year Ended 31 December 2003 | 2003 | 2002 | |
| €'000 | €'000 | ||
| Net cash inflow/(outflow) from operating activities | 22,704 | (21,010) | |
| Returns on investment and servicing of finance | |||
| Interest received | 394 | 1,700 | |
| Interest paid | (3,658) | (5,799) | |
| Finance lease interest paid | (50) | (76) | |
| Dividends received | 12 | 130 | |
| Dividends paid to minority interests | - | (164) | |
| Costs of senior unsecured notes issued | (22) | (688) | |
| (3,324) | (4,897) | ||
| Taxation payments | (1,237) | (4,391) | |
| Capital expenditure and financial investment | |||
| Purchase of tangible fixed assets | (979) | (6,135) | |
| Sale of tangible fixed assets | 58 | 4,533 | |
| Expenditure on intangible fixed assets | 943 | 9,786 | |
| 22 | 8,184 | ||
| Acquisitions and Disposals | |||
| Purchase of subsidiary undertakings | 177 | (493) | |
| Deferred consideration on prior year acquisitions | (8,724) | (14,714) | |
| Interest on loan notes issued on acquisitions | (170) | (557) | |
| Sale/Purchase of investments | 635 | (699) | |
| Sale of subsidiary undertaking | - | (86) | |
| Exceptional item - disposal of Irish business | - | (221) | |
| Proceeds on prior year disposal of subsidiary | - | 762 | |
| Decrease in holding of quoted investments | - | 110 | |
| (6,197) | (15,812) | ||
| Equity dividends paid | (1,431) | (1,431) | |
| Cash outflow/(inflow) before management of liquid resourcesand financing | 10,537 | (39,357) | |
| Management of liquid resources | |||
| Increase in current asset investments | - | - | |
| Exceptional item - decrease in investment in endowment policies | - | 54,674 | |
| Financing | |||
| Issue of share capital | 63 | 49 | |
| Expenses of share issue and sale of treasury shares | - | (2) | |
| Repayment of debt | (1,022) | (6,818) | |
| Exceptional item - repayment of debt related to discontinued endowment business | (13,293) | (35,544) | |
| New loans in year | - | 15,293 | |
| Senior unsecured notes issued | - | 10,000 | |
| Capital element of finance lease rentals | (212) | (871) | |
| Net cash outflow from financing | (14,464) | (17,893) | |
| Movement in cash | (3,927) | (2,576) |
© IFG Group plc 2007
Registered in the Republic of Ireland No. 21010
Registered Office: IFG House, Booterstown Hall, Booterstown, Co. Dublin
Tel: + 353 (0)1 2752800 | Fax: + 353 (0)1 2752801
Email: group@ifg.ie
Registered in the Republic of Ireland No. 21010
Registered Office: IFG House, Booterstown Hall, Booterstown, Co. Dublin
Tel: + 353 (0)1 2752800 | Fax: + 353 (0)1 2752801
Email: group@ifg.ie