IE-Annual-Report-&-Review-2024

Financial Statements Useful Lives of Tangible and Intangible Fixed Assets Long-lived assets comprising primarily of property, plant and machinery and intangible assets do not represent a significant portion of total assets. The annual depreciation and amortisation charge depends primarily on the estimated lives of each type of asset and, in certain circumstances, estimates of residual values. The directors regularly review these useful lives and change them if necessary to reflect current conditions. In determining these useful lives, management considers technological change, patterns of consumption, physical condition and expected economic utilisation of the assets. Changes in the useful lives can have a significant impact on the depreciation and amortisation charge for the financial year. The net book value of tangible Fixed Assets subject to depreciation at the financial year-end date was €349,235 (2023 – €431,376). The net book value of intangible assets subject to amortisation at the financial year-end date was €Nil (2023 – €35,111). 3. Turnover 2024 2023 € € Turnover 4,318,226 4,213,117 Analysis of turnover by country of destination: Republic of Ireland 3,831,949 3,755,346 Europe 229,062 208,747 North America 179,314 171,497 United Kingdom 64,506 64,313 Rest of the World 13,395 13,214 4,318,226 4,213,117 4. Operating loss 2024 2023 € € The operating loss is arrived at after charging: Amortisation 35,111 35,110 Depreciation 154,379 133,175 Auditors’ remuneration - Audit 20,500 20,500 - Tax advisory services 2,150 2,150 Directors’ remuneration 119,423 112,500 Pension costs 84,538 84,109 Operating lease charges 163,076 163,076 Notes to the Financial Statements (continued) IE Domain Registry CLG t/a .IE / Annual Report & Review 2024 46