| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Profit for the year | ||||||
593,000 | 417,000 | 1,224,000 | ||||
Adjustments reconciling profit for the year to cash flow from operations | ||||||
263,000 | 536,000 | -414,000 | ||||
Cash flow from operations | ||||||
856,000 | 953,000 | 810,000 | ||||
Interest paid | ||||||
76,000 | 75,000 | 75,000 | ||||
Interest received | ||||||
1,000 | 4,000 | 2,000 | ||||
Tax paid on operating activities | ||||||
147,000 | 130,000 | 109,000 | ||||
Net cash from operating activities | ||||||
634,000 | 752,000 | 628,000 | ||||
Cash flow from investing activities | ||||||
Purchase of property, plant and equipment | ||||||
44,000 | 32,000 | 42,000 | ||||
Purchase of intangible assets | ||||||
229,000 | 175,000 | 157,000 | ||||
Investment in associates and joint ventures | ||||||
47,000 | 14,000 | 30,000 | ||||
Loan advances to associates and joint ventures | ||||||
- | 2,000 | 25,000 | ||||
Investment in other financial assets | ||||||
30,000 | 13,000 | 28,000 | ||||
Acquisition of business, net of cash acquired | ||||||
- | - | 438,000 | ||||
Capitalised interest paid | ||||||
6,000 | 5,000 | 4,000 | ||||
Landlord contributions to property, plant and equipment | ||||||
14,000 | - | - | ||||
Disposal of hotel assets, net of costs and cash disposed | ||||||
- | -5,000 | 1,277,000 | ||||
Repayments related to intangible assets | ||||||
- | 3,000 | - | ||||
Loan repayments by associates and joint ventures | ||||||
9,000 | - | 22,000 | ||||
Proceeds from associates and joint ventures | ||||||
- | 2,000 | 9,000 | ||||
Repayments of other financial assets | ||||||
20,000 | 25,000 | 6,000 | ||||
Disposal of equity securities available-for-sale | ||||||
75,000 | - | - | ||||
Tax paid on disposals | ||||||
25,000 | - | 1,000 | ||||
Net cash from investing activities | ||||||
-263,000 | -216,000 | 589,000 | ||||
Cash flow from financing activities | ||||||
Purchase of own shares by employee share trusts | ||||||
3,000 | 10,000 | 47,000 | ||||
Dividends paid to shareholders | ||||||
593,000 | 1,693,000 | 188,000 | ||||
Dividend paid to non-controlling interest | ||||||
3,000 | 5,000 | - | ||||
Transaction costs relating to shareholder returns | ||||||
- | 1,000 | - | ||||
Issue of long-term bonds | ||||||
- | 459,000 | 458,000 | ||||
Other new borrowings | ||||||
- | - | 400,000 | ||||
Long-term bonds repaid | ||||||
- | 315,000 | - | ||||
New borrowings repaid | ||||||
- | - | 400,000 | ||||
Increase/(decrease) in other borrowings | ||||||
153,000 | 109,000 | -355,000 | ||||
Proceeds from foreign exchange swaps | ||||||
- | - | 22,000 | ||||
Net cash from financing activities | ||||||
-446,000 | -1,456,000 | -110,000 | ||||
Net movement in cash and cash equivalents in the year | ||||||
-75,000 | -920,000 | 1,107,000 | ||||
Exchange rate effects | ||||||
16,000 | -61,000 | -64,000 | ||||