.IE Annual Report 2022

8. Intangible assets Computer software € Cost: At 1 January 2022 175,552 Additions - At 31 December 2022 175,552 Amortisation: At 1 January 2022 70,221 Charge for the year 35,110 At 31 December 2022 105,331 Net book values At 31 December 2022 70,221 At 1 January 2022 105,331 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 2022 68,242 1,124,316 28,346 49,394 1,270,298 Additions 241,158 80,044 83,530 - 404,732 Write-out of retired assets - (181,700) (8,629) - (190,329) At 31 December 2022 309,400 1,022,660 103,247 49,394 1,484,701 Depreciation: At 1 January 2022 53,354 1,028,323 27,387 19,758 1,128,822 Charge for the year 28,889 91,458 21,672 9,879 151,898 Write-out of retired assets - (181,700) (8,629) - (190,329) At 31 December 2022 82,243 938,081 40,430 29,637 1,090,391 Net book values At 31 December 2022 227,157 84,579 62,817 19,757 394,310 At 1 January 2022 14,888 95,993 959 29,636 141,476 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 2022 (2021 – €Nil). Financial Statements .IE is the trading name of IE Domain Registry CLG / Annual Report & Review 2022 44 Notes to the Financial Statements (continued)