Financial Ov
ervie
w
HORSE SPORT IRELAND
Annual Report
2015
79
Horse Sport Ireland
(A company limited by guarantee)
2. Judgments in applying accounting policies and key sources of estimation uncertainty
When preparing the financial statements, management makes a number of judgments, estimates and assumptions about the
recognition and measurement of assets, liabilities, income and expenses.
Useful lives of depreciable assets
Management reviews its estimate of the useful lives of depreciable assets at each reporting date, based on the expected utility of
the assets. Uncertainties in these estimates relate to technical and physical obsolescence that may change the utility of certain
assets.
Accrued amounts
Management have to use their best estimate for some costs in relation to the financial year where bills have not yet been received at
year end date in order to give a true and fair view of the financial statements.
3. Analysis of income
Analysis of turnover by country of destination:
2015
2014
Republic of Ireland
6,126,675
5,049,944
6,126,675
5,049,944
All turnover arose in Ireland.
4. Surplus / (deficit) on ordinary activities before taxation
The surplus / (deficit) on ordinary activities before taxation is stated after charging:
2015
2014
Depreciation of tangible fixed assets
18,186
18,190
5. Employees
Sta costs were as follows:
2015
2014
Wages and salaries
1,363,898
1,277,842
Social security costs
148,221
138,157
Other pension costs
93,797
85,909
1,605,916
1,501,908
Capitalised employee costs during the year amounted to NIL (2014 -NIL).
The average monthly number of employees, including the directors, during the year was as follows:
2015
No.
2014
No
Number of administration and management permanent sta
26
26
Number of administration temporary sta
9
8
35
34
Horse Sport_Finances.indd 79
06/12/2016 11:34