Page 49 - NEHA Annual Report 2023

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 15. CAPITAL COMMITMENTS
At 31 December 2023 the Company had capital commitments as follows:
Capital commitments 5,925,608 3,465,000 3,465,000
16. PENSION COMMITMENTS
The company operates a defined contribution scheme, ‘Pension Scheme Fund’, for its employees. The scheme is externally financed in that the assets of the scheme are held separately from those of the company in an independently administered fund. The contributions made in the financial year amounted to €30,348 (2022: €29,409).
17. COMMITMENTS UNDER OPERATING LEASES
At 31 December 2023 the Company had future minimum lease payments due under non- cancellable operating leases for each of the following periods:
2023 2022 €€
5,925,608
Not later than 1 year
Later than 1 year and not later than 5 years Later than 5 years
18. COMPANY STATUS
1,057,538 4,230,152 9,443,245
1,057,538
4,230,152 10,500,783
15,788,473
14,730,935
2023 2022 €€
The company is limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding €1 towards the assets of the company in the event of liquidation.
Annual Report 2023 47