Page 69 - Aidlink Annual Report 2020
P. 69

 Notes to the Financial Statements
for the financial year ended 31 December 2020 Continued
19. OPERATING LEASE COMMITMENTS
Aidlink rents its office premises under an operating lease. This lease expired on 3 October 2020. Aidlink has entered into a one year extension. The new lease incorporates a clause offering a 50% reduction in rent for the period of government imposed Level 5 restrictions. Under the terms of this lease, Aidlink has outstanding commitments in respect of a non-cancellable operating lease as follows:
   Within one year
Later than one year but within five years
20.RELATED PARTIES
2020 €
 10,125
  10,125
  Included in donations is an amount of €10,024 (2019: €10,950) received from Directors of the company with no conditions attaching. There are no other related party transactions.
21. FINANCIAL INSTRUMENTS
The carrying value of the company’s financial assets and liabilities are summarised by category below:
  FINANCIAL ASSETS
Measured at undiscounted amount receivable Debtors and accrued income (see note 15)
FINANCIAL LIABILITIES
Measured at undiscounted amount payable PAYE/PRSI/USC (see note 16)
2020 €
 4,931
9,570
-
2019 €
10,125
10,125
2019 €
8,601
   2,972
-
  67 | Aidlink Annual Report 2020






































































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