Notes to the Financial Statements

20. Deferred Income


2021

2020


€’000

€’000

Grants and contributions to fixed assets






Opening Balance

13,099

13,663

Received during the year

-

-

Amortised to Profit and Loss Account during the year

(490)

(564)




Closing Balance Capital Grants

12,609

13,099

Deferred Rental Income

4,253

,960




Total Deferred Income

16,862

17,059




Creditors – amounts falling due within one year (see note 17)

4,708

4,450

Creditors – amounts falling due after one year (see note 18)

12,154

12,609





16,862

17,059

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.