34. Net cash from operating activities

2020

2019

€m

€m

Operating activities

(Loss) / profit for the year

(19.0)

60.2

Adjustments for:

Finance costs (net)

7.6

3.4

Income tax expense

1.0

1.3

Retirement benefit obligations – current service cost

1.7

1.5

Retirement benefit obligations – settlement loss / (curtailment gain)

9.3

(0.1)

Retirement benefit obligations – augmentation cost

1.1

-

Retirement benefit obligations – payments

(2.8)

(2.7)

Pension payments in excess of service costs

9.3

(1.3)

Depreciation of property, plant and equipment

29.3

27.5

Amortisation of intangible assets

0.2

0.2

Depreciation of right-of-use asset

9.5

9.1

Impairment charges

2.3

-

Share-based payment expense less market purchase cost

0.2

1.9

Gain on disposal of property, plant and equipment

-

(15.1)

Increase in provisions

0.2

0.3

Operating cash flows before movements in working capital

40.6

87.5

Decrease in inventories

1.2

0.2

Decrease / (increase) in receivables

1.6

(4.7)

Increase in payables

7.8

6.5

Working capital movements

10.6

2.0

Cash generated from operations

51.2

89.5

Income taxes paid

(1.4)

(1.2)

Interest paid

(3.7)

(3.5)

Net cash inflow from operating activities

46.1

84.8