IE-Annual-Report-&-Review-2024

Financial Statements 7. Investment income, other interest receivable and similar income 2024 2023 € € Dividends from listed investments 27,994 20,898 Investments interest receivable 7,853 12,668 Bank interest receivable 221 204 36,068 33,770 8. Taxation 8(a). Current year taxation 2024 2023 € € Current year taxation Corporation tax on the profit for the year on ordinary activities (14,273) (59,777) Capital taxes arising on realised investment gains 14,889 6,611 Adjustment in respect of prior year - (4,127) Deferred taxation Origination/(Reversal) of timing differences 221,693 181,359 222,309 124,066 8(b). Factors affecting tax charge for year 2024 2023 € € Profit on ordinary activities before tax 607,999 210,166 Profit on ordinary activities multiplied by standard rate of Corporation Tax in Ireland of 12.5% 76,000 26,271 Effects of: Capital allowances for period greater than depreciation 3,157 3,404 Income at higher rates of taxation 38,446 10,083 Expenses not allowable for tax purposes 1,294 5,410 Movement in financial investment valuation unrealised – so not chargeable for tax purposes (110,847) (90,680) Income tax withheld (7,434) (7,654) Adjustment in respect of prior year - (4,127) Origination/(Reversal) of timing differences 221,693 181,359 Current tax charge for year (Note 8(a)) 222,309 124,066 Notes to the Financial Statements (continued) IE Domain Registry CLG t/a .IE / Annual Report & Review 2024 48