Notes to the Financial Statements
21. Deferred Income
2022 | 2021 | |
|---|---|---|
€’000 | €’000 | |
Grants and contributions to fixed assets | ||
Opening Balance | 12,609 | 13,099 |
Received during the year | 12 | - |
Amortised to Profit and Loss Account during the year | (454) | (490) |
Closing Balance Capital Grants | 12,167 | 12,609 |
|
|
|
Deferred Rental Income |
3,701 |
4,253 |
|
|
|
Total Deferred Income |
15,868 |
16,862 |
Creditors – amounts falling due within one year (see note 18) | 4,156 | 4,708 |
Creditors – amounts falling due after one year (see note 19) | 11,712 | 12,154 |
15,868 | 16,862 |
Capital grants received from various authorities in respect of capital expenditure incurred are recorded as deferred income and released to the Profit and Loss Account over the expected useful lives of the relevant assets.