IE Domain Registry t/a .IE

8. Intangible assets Computer software Total € € Cost: At 1 January 2020 - - Additions 175,552 175,552 At 31 December 2020 175,552 175,552 Amortisation: At 1 January 2020 - - Charge for the year 35,110 35,110 At 31 December 2020 35,110 35,110 Net book values At 31 December 2020 140,442 140,442 At 1 January 2020 - - 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. 9. Tangible assets Leasehold Improvements Computer Equipment Fixtures and Fittings Company Vehicles Total € € € € € Cost: At 1 January 2020 53,354 1,517,608 27,661 - 1,598,623 Additions - 100,673 685 49,394 150,752 Write-out of retired assets - (157,096) - - (157,096) At 31 December 2020 53,354 1,461,185 28,346 49,394 1,592,279 Depreciation: At 1 January 2020 53,354 1,443,853 24,186 - 1,521,393 Charge for the year - 83,519 1,814 9,879 95,212 Write-out of retired assets - (157,096) - - (157,096) At 31 December 2020 53,354 1,370,276 26,000 9,879 1,459,509 Net book values At 31 December 2020 - 90,909 2,346 39,515 132,770 At 1 January 2020 - 73,755 3,475 - 77,230 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 2020 (2019 – €Nil). Financial Statements IE Domain Registry CLG t/a .IE / Annual Report & Review 2020 52 Notes to the Financial Statements (continued)