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 |