IE-Annual-Report-2023

Financial Statements 9. Intangible assets Computer software Cost: € At 1 January 2023 175,552 Additions - At 31 December 2023 175,552 Amortisation: At 1 January 2023 105,331 Charge for the year 35,110 At 31 December 2023 140,441 Net book values At 31 December 2023 35,111 At 1 January 2023 70,221 Amortisation of intangible fixed assets is included in administrative expenses. The accounting policy for the amortisation of intangible assets is outlined in Note 2.4. 10. Tangible assets Leasehold Improvements Computer Equipment Fixtures and Fittings Company Vehicles Total € € € € € Cost: At 1 January 2023 309,400 1,022,660 103,247 49,394 1,484,701 Additions - 158,503 11,738 - 170,241 Write-out of retired assets - (17,553) (9,834) - (27,387) At 31 December 2023 309,400 1,163,610 105,151 49,394 1,627,555 Depreciation: At 1 January 2023 82,243 938,081 40,430 29,637 1,090,391 Charge for the year 28,888 71,407 23,001 9,879 133,175 Write-out of retired assets - (17,553) (9,834) - (27,387) At 31 December 2023 111,131 991,935 53,597 39,516 1,196,179 Net book values At 31 December 2023 198,269 171,675 51,554 9,878 431,376 At 1 January 2023 227,157 84.579 62,817 19,757 394,310 The accounting policy for the depreciation of tangible assets is outlined in Note 2.5. There are no assets held under finance leases or hire purchase contracts at 31 December 2023 (2022 – €Nil). Notes to the Financial Statements (continued) IE Domain Registry CLG t/a .IE / Annual Report & Review 2023 44