IE-Annual-Report-&-Review-2024

Financial Statements Strategic Sustain- ability Reserve Investment Reserve General Reserves Profit & Loss Account Total 2024 Total Profit & Loss Account 2023 € € € € € € At 1 January 2024 - - - 5,357,488 5,357,488 5,271,388 Allocation in the year 3,496,990 495,229 1,365,269 (5,357,488) - - Net Gains on Investments during the year - 665,080 - - 665,080 544,079 Movements in Reserves during the year (53,714) - (225,676) - (279,390) (457,979) At 31 December 2024 3,443,276 1,160,309 1,139,593 - 5,743,178 5,357,488 During the financial year ended 31 December 2024, the company revised the presentation of its reserves to enhance transparency and provide clearer insight into the nature and purpose of the company’s retained earnings. This change in presentation involved reclassifying balances previously reported solely under the “Profit and Loss Account” into three distinct reserves: The Strategic Sustainability Reserve was established to retain sufficient reserves to safeguard the company’s long-term financial position. The Investment Reserve represents the unrealised gains net of deferred tax on the company’s investment portfolio remeasured to market value at each reporting date. The General Reserve comprises retained earnings not allocated to other specific reserves, available to support the company’s ongoing operational and strategic needs. This change has been made in accordance with FRS 102 Section 3.14 and 3.22, which require consistent presentation and disclosure of comparative information unless the change provides more relevant or reliable information. Accordingly, comparative figures for 2023 have been restated where applicable to reflect the new presentation format. There was no impact on total reserves or overall financial position as a result of this change—only a reallocation of previously reported balances to more appropriately classified reserve categories. Statement of Changes in Capital and Reserves for the financial year ended 31 December 2024 IE Domain Registry CLG t/a .IE / Annual Report & Review 2024 42