Statement of Cash Flows
| Net Cash flows from Operating Activities | Note | 2022 | 2021 |
|---|---|---|---|
| € | € | ||
Surplus for year | 353,708 | 38,908 | |
Depreciation of Fixed Assets | 12. | 227,541 | 256,314 |
Decrease/ (Increase) in inventory | 13. | (6,917) | 5,846 |
Decrease /(Increase) in receivables | (79,046) | 20,550 | |
Increase/ (Decrease) in payables | 68,959 | 621,804 | |
Increase/(Decrease) in deferred capital grants | 1,611,829 | (481,514) | |
Bank charges paid | 7. | 9,190 | 11,866 |
Transfer to Capital Account – Works of Art | 102,766 | 480,166 | |
Net Cash Inflow from Operating Activities | 2,288,030 | 953,940 |
| Cash Flows from Investing Activities | Note | 2022 | 2021 |
|---|---|---|---|
| € | € | ||
Capital Expenditure | (197,501) | (647,551) | |
Net Cash Flows from Investing Activities | (197,501) | (647,551) |
| Cash flows from Financing Activities | Note | 2022 | 2021 |
|---|---|---|---|
| € | € | ||
Bank interest paid | 7. | (9,190) | (11,866) |
Net Cash Flows from Financing Activities | (9,190) | (11,866) |
| Note | 2022 | 2021 | |
|---|---|---|---|
| € | € | ||
Net Increase/(Decrease) in Cash and Cash Equivalents | 2,081,339 | 294,523 |
| Note | 2022 | 2021 | |
|---|---|---|---|
| € | € | ||
Cash and Cash Equivalents at 1 January | 1,816,103 | 1,521,580 | |
Cash and Cash Equivalents at 31 December | 3,897,442 | 1,816,103 |
