Notes to the Financial Statements
27. Directors’ Remuneration
2020 | 2019 | |
|---|---|---|
€’000 | €’000 | |
Emoluments | 409 | 402 |
Contributions to retirement benefit schemes | ||
| 75 | 178 |
Retirement benefits are accruing to two Directors (2019: two Directors) under defined benefit schemes.
The Directors do not participate in any long term incentive schemes nor do they have any equity interests in the Company. There were no payments during the year (2019: NIL) in respect of compensation for loss of office or other termination payments.
Included in the above is the remuneration package of the Chief Executive made up as follows:
2020 | 2019 | |
|---|---|---|
€’000 | €’000 | |
Director’s Fees | 13 | 13 |
Salary | 185 | 185 |
Other Benefits including Pension Costs and Taxable Benefits | 61 | 161 |
259 | 359 |
Directors’ Fees | 2020 | 2019 |
|---|---|---|
€ | € | |
L McCaffrey | - | 21,215 |
E O’Reilly | 12,600 | 12,600 |
M Brophy | 12,600 | 11,547 |
H Collins | 12,600 | 12,600 |
G Darling | 12,600 | 12,600 |
M Hand | 12,600 | 12,600 |
K Nolan * | 12,600 | 12,600 |
L Williams | 12,600 | 11,547 |
88,200 | 107,309 |
*In Addition to the Directors’ fees, Mr. Nolan was paid as an employee of Dublin Port Company.
Key management compensation
The compensation paid or payable to key management is shown below:
2020 | 2019 | |
|---|---|---|
€’000 | €’000 | |
Salaries and other short term benefits | 1,744 | 1,779 |
Post-employment benefits | 264 | 377 |
Total key management compensation | 2,008 | 2,156 |
The key management compensation amounts disclosed represents compensation to those people having the authority and responsibility for planning, directing and controlling the activities of the Company. The key management personnel include Board Members and members of the executive management team. The amounts stated above are inclusive of employer’s PRSI.