IE Domain Registry t/a .IE Annual Report 2021

Impairment of financial assets At the end of each reporting period, the company assesses whether there is objective evidence of impairment of any financial assets that are measured at cost or amortised cost, including unlisted investments, loans, trade debtors and cash. If there is objective evidence of impairment, impairment losses are recognised in the Statement of Income and Retained Earnings in that financial year. 2.10 Judgments and key sources of estimation uncertainty The directors consider the accounting estimates and assumptions below to be its critical accounting estimates and judgements: Going Concern The directors have prepared budgets and cash flows for a period of at least twelve months from the date of the approval of the financial statements which demonstrate that there is no material uncertainty regarding the company’s ability to meet its liabilities as they fall due, and to continue as a going concern. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis. Accordingly, these financial statements do not include any adjustments to the carrying amounts and classification of assets and liabilities that may arise if the company was unable to continue as a going concern. Useful Lives of Tangible and Intangible Fixed Assets Long-lived assets comprising primarily of property, plant and machinery and intangible assets do not represent a significant portion of total assets. The annual depreciation and amortisation charge depends primarily on the estimated lives of each type of asset and, in certain circumstances, estimates of residual values. The directors regularly review these useful lives and change them if necessary to reflect current conditions. In determining these useful lives management consider technological change, patterns of consumption, physical condition and expected economic utilisation of the assets. Changes in the useful lives can have a significant impact on the depreciation and amortisation charge for the financial year. The net book value of tangible Fixed Assets subject to depreciation at the financial year end date was €141,476 (2020 – €132,770). The net book value of intangible assets subject to amortisation at the financial year end date was €105,331 (2020 – €140,442). 3. Turnover 2021 2020 € € Turnover 4,117,918 3,773,326 Analysis of turnover by country of destination: Republic of Ireland 3,741,065 3,401,687 Europe 159,964 164,981 North America 145,955 140,415 United Kingdom 57,209 52,884 Rest of the World 13,725 13,359 4,117,918 3,773,326 Financial Statements IE Domain Registry CLG t/a .IE / Annual Report & Review 2021 42 Notes to the Financial Statements (continued)