Agency Statement of Cash Flows


Year ended 31 December 2014
Note 2014
Agency
€’000
2013
Agency
€’000
Cash flow from operating activities
Bank interest received 1 2
Board fees paid (590) (523)
Rent paid (1,980) (997)
Net reimbursement from NALML for expenses 1,518 1,173
Net cash used in operating activities (1,051) (345)

Cash flow from financing activities
Working capital loan to joint Special Liquidators - (511,130)
Repayments of working capital loan to joint Special Liquidators - 511,130
Interest received on loan to joint Special Liquidators - 872
Loan from NALML4 - (511,130)
Repayment of loan from NALML - 511,130
Interest paid on loan from NALML - (643)
Net cash provided by financing activities - 229


Cash held at the beginning of the year


15


1,152


1,268
Net cash used in operating activities (1,051) (345)
Net cash provided by financing activities - 229
Cash held at the end of the year 15 101 1,152
4Following the liquidation of IBRC, NAMA provided a loan facility of up to €1 billion to the joint Special Liquidators of IBRC. Funding for the loan facility was provided by NALML, a Group entity, which was repaid in full in 2013.