Notes to the Financial Statements

27. Directors’ Remuneration

	2021	2020
	€’000	€’000
Emoluments	425	409
Contributions to retirement benefit schemes
Defined benefit	89	75

Retirement benefits are accruing to two Directors (2020: 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 (2020: 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:

	2021	2020
	€’000	€’000
Director’s Fees	13	13
Salary	185	185
Other Benefits including Pension Costs and Taxable Benefits	61	161
	259	259

Directors’ Fees	2021	2020
	€	€
J Grant	22,902	-
E O’Reilly	12,600	12,600
M Brophy	12,600	12,600
H Collins	518	12,600
G Darling	12,600	12,600
M Hand	12,600	12,600
K Nolan *	12,600	12,600
L Williams	-	12,600
J Kelly **	11,582	-
	98,002	88,200

* In Addition to the Directors’ fees, Mr. Nolan was paid as an employee of Dublin Port Company.

** Mr. Kelly was appointed by the Board to act as Chairperson of the Audit and Risk Committee pending the filling of an existing Board vacancy.

Key management compensation

The compensation paid or payable to key management is shown below:

	2021	2020
	€’000	€’000
Salaries and other short term benefits	1,836	1,744
Post-employment benefits	319	264
Total key management compensation	2,155	2,008

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.