IE Domain Registry Annual Report 2019

IE Domain Registry  Annual Report & Review  2019 56 Financial Statements 8. Tangible assets Current Financial Year Leasehold Improvements Computer Equipment Fixtures and Fittings Total € € € € Cost: At 1 January 2019 53,354 1,417,962 25,188 1,496,504 Additions – 99,646 2,473 102,119 Disposals – – – – At 31 December 2019 53,354 1,517,608 27,661 1,598,623 Depreciation: At 1 January 2019 53,354 1,319,833 22,309 1,395,496 Charge for the year – 124,020 1,877 125,897 Disposals – – – – At 31 December 2019 53,354 1,443,853 24,186 1,521,393 Net book values At 31 December 2019 – 73,755 3,475 77,230 At 1 January 2019 – 98,129 2,879 101,008 The accounting policy for the depreciation of tangible assets is outlined in Note 2.4. There are no assets held under finance leases or hire purchase contracts at 31 December 2019 (2018 – €Nil). 9. Financial assets Financial assets 2019 2018 Note € € Financial Investments at fair value through profit or loss (a) 4,328,589 4,134,615 Shares in subsidiary undertakings (b) 50,100 50,100 4,378,689 4,184,715 Notes to the Financial Statements (continued)