IE-Annual-Report-2023

Financial Statements 2023 2022 Notes € € Cash flows from operating activities Profit for the financial year 86,100 217,281 Adjustments for: Amortisation of intangible assets 35,110 35,110 Depreciation of tangible assets 133,175 151,898 (Gain)/Loss on financial investment (745,471) 102,500 Investment income (33,770) (12,240) Tax on operating activities 124,066 43,645 Increase in debtors (25,262) (62,980) Increase/(Decrease) in creditors 262,277 (235,585) Corporation tax paid (117,145) (127,955) Net cash (outflow)/inflow from operating activities (280,920) 111,674 Cash flows from investing activities Purchase of tangible fixed assets 10 (170,241) (404,732) Purchase (net) of financial assets 11(a) (1,150,148) (1,234,872) Investment income received 33,770 12,240 Net cash used in investing activities (1,286,619) (1,627,364) Cash flows from financing activities Net cash from financing activities - - Net decrease in cash and cash equivalents 13 (1,567,539) (1,515,690) Cash at beginning of year 2,775,994 4,291,684 Cash at end of year 1,208,455 2,775,994 Cash at bank 13 1,208,455 2,775,994 Statement of Cash Flows for the financial year ended 31 December 2023 IE Domain Registry CLG t/a .IE / Annual Report & Review 2023 37