IE-Annual-Report-2023

Financial Statements 7. Investment income, other interest receivable and similar income 2023 2022 € € Dividends from listed investments 20,898 7,570 Investments interest receivable 12,668 4,568 Bank interest receivable 204 102 33,770 12,240 8. Taxation 8(a). Current year taxation 2023 2022 € € Current year taxation Corporation tax on the profit for the year on ordinary activities (59,777) 56,924 Capital taxes arising on realised investment gains 6,611 170,528 Adjustment in respect of prior year (4,127) - Deferred taxation Origination/(Reversal) of timing differences 181,359 (183,807) 124,066 43,645 8(b). Factors affecting tax charge for year 2023 2022 € € Profit on ordinary activities before tax 210,166 260,926 Profit on ordinary activities multiplied by standard rate of Corporation Tax in Ireland of 12.5% 26,271 32,616 Effects of: Capital allowances for period greater than depreciation 3,404 679 Income at higher rates of taxation 10,083 173,980 Expenses not allowable for tax purposes 5,410 58,524 Movement in financial investment valuation unrealised – so not chargeable for tax purposes (90,680) 8,142 Income tax withheld (7,654) 1,766 Income not taxable - (48,255) Adjustment in respect of prior year (4,127) - Origination/(Reversal) of timing differences 181,359 (183,807) Current tax charge for year (Note 8(a)) 124,066 43,645 IE Domain Registry CLG t/a .IE / Annual Report & Review 2023 43