IE Domain Registry t/a .IE Annual Report 2021

8. Intangible assets Computer software Total € € Cost: At 1 January 2021 175,552 175,552 Additions - - At 31 December 2021 175,552 175,552 Amortisation: At 1 January 2021 35,110 35,110 Charge for the year 35,111 35,111 At 31 December 2021 70,221 70,221 Net book values At 31 December 2021 105,331 105,331 At 1 January 2021 140,442 140,442 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 2021 53,354 1,461,185 28,346 49,394 1,592,279 Additions 14,888 93,653 - - 108,541 Write-out of retired assets - (430,522) - - (430,522) At 31 December 2021 68,242 1,124,316 28,346 49,394 1,270,298 Depreciation: At 1 January 2021 53,354 1,370,276 26,000 9,879 1,459,509 Charge for the year - 88,569 1,387 9,879 99,835 Write-out of retired assets - (430,522) – – (430,522) At 31 December 2021 53,354 1,028,323 27,387 19,758 1,128,822 Net book values At 31 December 2021 14,888 95,993 959 29,636 141,476 At 1 January 2021 - 90,909 2,346 39,515 132,770 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 2021 (2020 – €Nil). Additions of €14,888 in leasehold improvements are assets under construction as part of the ongoing office refurbishment and accordingly were not depreciated in 2021. Financial Statements IE Domain Registry CLG t/a .IE / Annual Report & Review 2021 46 Notes to the Financial Statements (continued)