IE Domain Registry Annual Report 2019

IE Domain Registry  Annual Report & Review  2019 49 Financial Statements Statement of Cash Flows for the financial year ended 31 December 2019 2019 2018 Notes € € Cash flows from operating activities Profit for the financial year 231,438 68,401 Adjustments for: Depreciation 125,897 111,736 Realised (gain) on financial investment – (9,411) Unrealised (gain)/loss on financial investment (193,974) 122,033 Interest income (14,211) (9,307) Tax on operating activities 61,543 (24,158) (Increase)/decrease in debtors (39,826) 29,000 Increase in creditors 345,915 247,833 Corporation tax (paid) (11,397) (1,982) Net cash inflow from operating activities 505,385 534,145 Cash flows from investing activities Purchase of tangible fixed assets 8 (102,119) (110,103) Purchase (net) of financial assets 9 (a) – (968,455) Net cash used in investing activities (102,119) (1,078,558) Cash flows from financing activities Interest income received 16,456 11,373 Net cash from financing activities 16,456 11,373 Net increase/(decrease) in cash at bank 15 419,722 (533,040) Cash at bank at beginning of year 2,733,502 3,266,542 Cash at bank at end of year 3,153,224 2,733,502 Cash at bank 15 3,153,224 2,733,502