IE Domain Registry Annual Report 2019

IE Domain Registry  Annual Report & Review  2019 47 Financial Statements Statement of Income and Retained Earnings for the financial year ended 31 December 2019 Continuing Operations 2019 2018 Notes € € Turnover 3 3,605,404 3,317,336 Administrative expenses (3,520,608) (3,169,778) Operating profit 4 84,796 147,558 Realised gain on financial investment – 9,411 Unrealised gain/(loss) on financial investment 193,974 (122,033) Interest income 14,211 9,307 Profit on ordinary activities before taxation 292,981 44,243 Tax on profit on ordinary activities 7 (61,543) 24,158 Profit retained for the year 231,438 68,401 Statement of income and retained earnings Accumulated profit brought forward 3,914,170 3,845,769 Total recognised profits relating to the year 231,438 68,401 Accumulated profit carried forward 4,145,608 3,914,170