Financial Ov
ervie
w
HORSE SPORT IRELAND
Annual Report
2015
84
Horse Sport Ireland
(A company limited by guarantee)
13. Financial instruments
Financial assets
2015
2014
Financial assets measured at fair value through profit or loss
525,249
373,516
Financial assets that are debt instruments measured at amortised cost
697,234
471,560
1,222,483
845,076
Financial liabilities
Financial liabilities measured at amortised cost
(952,318)
(801,919)
(952,318)
(801,919)
Financial assets measured at amortised cost comprise trade and other debtors.
Financial liabilities measured at amortised cost comprise trade and other creditors
14. Company status
The Company is limited by guarantee without having a share capital.
15. Related party transactions
Horse Sport Ireland is related to Irish Horse Board Co-Op Society Limited (Irish Horse Board) by way of common directors. At 31 December
2015, Horse Sport Ireland owed Irish Horse Board Co-Op Limited a balance of 110,755 (2014: 41,189 due from Irish Horse Board Co-Op
Limited).
Horse Sport Ireland Export Limited is a subsidiary of Horse Sport Ireland. At 31 December 2015, Horse Sport Ireland Export Limited owed
Horse Sport Ireland a balance of 137,650 (2014: 123,714).
During the year 8 (2014: 7) key management personnel were in receipt of combined employee benefits of 622,235 (2014: 582,177).
16. First time adoption of FRS 102
The policies applied under the entity's previous accounting framework are not materially di erent to FRS 102 and have not impacted
on equity or profit or loss.
17. Approval of financial statements
The board of directors approved these financial statements for issue on 27 July 2016.
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