.IE Annual Report 2022
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 2022, 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 €373,958 (2021 – €537,034), payable as follows: Premises Premises 2022 2021 € € Within one year 163,076 163,076 Between two and five years 210,882 373,958 More than five years - - 373,958 537,034 Capital commitments The company has no capital commitments at 31 December 2022 (2021 – €Nil). 16. Analysis of changes in cash at bank Opening balance Cash flow Closing balance € € € Current accounts 1,165,714 (510,140) 655,574 Deposit accounts 3,125,970 (1,005,550) 2,120,420 Cash at bank 4,291,684 (1,515,690) 2,775,994 17. Post balance sheet events There are no other material post balance sheet events. 18. Contingent liabilities There are no contingent liabilities at 31 December 2022. 19. Company structure The company is limited by guarantee and does not have a share capital. 20. Controlling parties The company is controlled by its members. At 31 December 2022 the eight directors are the members. Financial Statements .IE is the trading name of IE Domain Registry CLG / Annual Report & Review 2022 48 Notes to the Financial Statements (continued)
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