Page 68 - Paragon Annual Report 2

64 | Group financial statements
Consolidated statement of cash flow (continued) for the year ended 30 June 2017
Notes
2017
€000
1,792
(3,454)
(37,492)
7,691
51,162
2016
€000
19,699
15,518
19,454
15,518
(262)
34,710
Cash flows from financing activities
Proceeds from new finance leases
Repayments of capital element of finance leases Repayment of borrowings
Proceeds from borrowings
Proceeds from bond
Net cash generated/(used) in financing
Net increase/(decrease) in cash and bank overdrafts
Cash net of bank overdrafts at the beginning of the year
Net increase/(decrease) in cash and bank overdrafts
Effect of exchange rate changes on the balance of cash held in foreign currencies
3,363 (4,120) (9,862) 4,053
–
(6,566)
(346) 20,194
(346) (394)
19,454
Cash net of bank overdrafts at the end of the year
Analysis of net debt
Cash and cash equivalents Bank overdrafts
Cash net of bank overdrafts Bank Loans
Bonds net of unamortised issue costs
Obligation under finance leases
Net debt
26,315 (6,861)
19,454
(47,720)
– (12,095)
(40,361)
12,464 (466)
11,998
29,801
(51,162) 1,662
(7,701)
(288) 26
(262)
519
– 129
386
– –
–
–
(65) –
(65)
5,313 (1,793)
3,520
(38,887)
– (2,419)
(37,786)
At 1 July 2016
€000
Cash flow
Exchange difference
Amortisation
Acquisition movements
At 30 June 2017
€000
€000
€000
€000
€000
43,804
(9,094)
34,710
(56,287)
(51,227)
(12,723)
(85,527)
Cash and cash equivalents (which are presented as a single class of assets on the face of the Consolidated Statement of Financial Position) comprise cash at bank and other short term highly liquid investments with a maturity of three months or less. The effective interest rates on cash and cash equivalents are based on current market rates.
Paragon Group Limited – 05258175