.IE Annual Report 2022

2022 2021 Notes € € Cash flows from operating activities Profit for the financial year 217,281 489,084 Adjustments for: Amortisation of intangible assets 35,110 35,111 Depreciation of tangible assets 151,898 99,835 Loss/(gain) on financial investment 102,500 (213,861) Interest income (12,240) (6,121) Tax on operating activities 43,645 107,138 Increase in debtors (62,980) (26,743) (Decrease)/Increase in creditors (235,585) 560,016 Corporation tax paid (127,955) (87,153) Net cash inflow from operating activities 111,674 957,306 Cash flows from investing activities Purchase of tangible fixed assets 9 (404,732) (108,541) Purchase (net) of financial assets 10 (a) (1,234,872) - Net cash used in investing activities (1,639,604) (108,541) Cash flows from financing activities Interest income received 12,240 6,121 Net cash from financing activities 12,240 6,121 Net (decrease)/increase in cash and cash equivalents 16 (1,515,690) 854,886 Cash at beginning of year 4,291,684 3,436,798 Cash at end of year 2,775,994 4,291,684 Cash at bank 2,775,994 4,291,684 Financial Statements .IE is the trading name of IE Domain Registry CLG / Annual Report & Review 2022 37 Statement of Cash Flows for the financial year ended 31 December 2022