IE Domain Registry t/a .IE Annual Report 2021

13. Creditors: amounts falling due after more than one year 2021 2020 Deferred taxation € € At 1 January 114,059 72,192 Charged within current tax charge for year 53,465 41,867 At 31 December 167,524 114,059 The deferred tax charge relates to the origination of timing differences. 14. Guarantee Parent Company Guarantee On 18 December 2006, the company’s subsidiary IENUM Limited signed an agreement with the Commission for Communications Regulation (ComReg) to provide the national ENUM registry service for Ireland. At 31 December 2021, the company is the sole Guarantor of the obligations of its subsidiary IENUM Limited. 15. Commitments Operating lease commitments Total future minimum lease payments under non-cancellable operating leases are calculated at €537,034 (2020 – €700,110), payable as follows: Premises Premises 2021 2020 € € Within one year 163,076 163,076 Between two and five years 373,958 537,034 More than five years - - 537,034 700,110 Capital commitments The company has no capital commitments at 31 December 2021 (2020 – €Nil). 16. Analysis of changes in cash at bank Opening balance Cash flow Closing balance € € € Current accounts 304,018 861,696 1,165,714 Deposit accounts 3,132,780 (6,810) 3,125,970 Cash at bank 3,436,798 854,886 4,291,684 Financial Statements IE Domain Registry CLG t/a .IE / Annual Report & Review 2021 49