IE Domain Registry t/a .IE Annual Report 2021

2021 2020 Notes € € Cash flows from operating activities Profit for the financial year 489,084 419,415 Adjustments for: Amortisation of intangible assets 35,111 35,110 Depreciation of tangible assets 99,835 95,212 Realised loss on financial investment - 79,774 Unrealised gain on financial investment (213,861) (167,468) Other income - (80,107) Interest income (6,121) (11,392) Tax on operating activities 107,138 92,098 (Increase)/decrease in debtors (26,743) 23,616 Increase in creditors 560,016 52,759 Corporation tax paid (87,153) (20,194) Net cash inflow from operating activities 957,306 518,823 Cash flows from investing activities Purchase of intangible assets 8 - (175,552) Purchase of tangible fixed assets 9 (108,541) (150,752) Purchase (net) of financial assets 10 (a) - 84 Receipts from other income - 80,107 Net cash used in investing activities (108,541) (246,113) Cash flows from financing activities Interest income received 6,121 10,864 Net cash from financing activities 6,121 10,864 Net increase in cash and cash equivalents 16 854,886 283,574 Cash at beginning of year 3,436,798 3,153,224 Cash at end of year 4,291,684 3,436,798 Cash at bank 4,291,684 3,436,798 Financial Statements IE Domain Registry CLG t/a .IE / Annual Report & Review 2021 39 Statement of Cash Flows for the financial year ended 31 December 2021