Annual Report and Accounts | 2024
Annual Report and Accounts | 2024
The following directors served on the board during the year ended 31 December 2024.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
2024 €
2023 €
Fees for the year Conal Henry Mary Considine Audrey Costelloe
6. EMPLOYEE BENEFIT EXPENSE Group staff numbers and costs
21,600
21,600
-
-
12,600 12,600 12,600 12,600 12,600
12,600 10,045 12,600 12,600 12,600 10,045
2024 €’000
2023 €’000
Aisling Curtis Alan Donohoe
17,243
Tom Kelly
- Wages and salaries
15,979
390 835
Ambrose Loughlin
- Overtime - Allowances
333 829
3,150
John Moran Liam O’Shea Mike Quinn Stephen Rae
- -
18,468
1,883 2,088
Total wages and salaries
17,141
1,945
Social welfare costs
1,807
12,600
225
12,600
Termination benefits (Note 22)
-
Post-employment benefits (Note 24):
For services as director during the year
100,350
1,385
108,661
Defined contribution pension expense
1,279
788
373
Other compensation costs
22,811
Employee benefit expense – continuing operations
Other emoluments Salary (including benefit-in-kind) Pension contributions - Defined contribution scheme
20,600
349,662
341,803
58,246
57,852
-
-
- Defined benefit scheme
The average number of group employees (full time equivalents) during the year was as follows:
407,908
399,655
2024
2023
508,258
Total directors’ remuneration for the year
508,316
246
Operations and administration
229
42 24
Commercial
38 25
Property
Continuing operations Discontinuing operations
312
292
Where a director is appointed or resigned during the year or prior year the fees above represent the fees paid from/to the date of appointment/resignation. Audrey Costelloe and Alan Donohue were appointed to the Board on 11 January 2023. John Moran and Aisling Curtis were appointed to the Board on 15 March 2023.
-
29
312
Total
321
John Moran resigned as director on 21 March 2024.
Directors remuneration
2024 €
2023 €
The period of office of Liam O’Shea expired with effect from 27 February 2023. The period of office of Mike Quinn expired with effect from 1 March 2023.
Directors’ remuneration for the year: Fees for services as director
100,350 407,908 508,258
108,661 399,655
All other directors served for the full years ended 31 December 2023 and 2024.
Other emoluments (including pension contribution)
508,316
During 2024, in aggregate, expenses totalling €1,692 (2023: €1,134) were paid in respect of out of pocket travel and other similar expenditures of the members of the Board in respect of services as director, disclosed in accordance with the Code of Practice for the Governance of State Bodies (2016). These expenses do not include those of the Chief Executive Officer or the Employee Representative Directors in respect of their executive or employment duties.
Included in other emoluments is the remuneration of the Chief Executive Officer and the directors who were nominated by the Irish Congress of Trade Unions to represent employees on the Board and who were appointed by the Minister for Transport arising from their normal contracts of employment. Amounts paid to directors disclosed in accordance with the Code of Practice for the Governance of State Bodies (2016) and Section 305 of the Companies Act 2014, are provided below.
80
81
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