IE Domain Registry t/a .IE

4. Operating profit 2020 2019 € € The operating profit is arrived at after charging: Amortisation 35,110 - Depreciation 95,212 125,897 Auditor’s remuneration – Audit 13,850 11,500 – Tax advisory services 3,000 2,750 Directors’ remuneration 78,443 77,500 Pension costs 54,822 50,411 Operating lease charges 139,856 140,202 Secretarial fees 13,000 39,000 5. Remuneration 5(a). Directors’ and key management remuneration Included in employment costs are the following in respect of directors and key management personnel of the company: 2020 2019 € € Emoluments in respect of qualifying services 630,405 548,432 Company contributions in respect of qualifying services to Pension Scheme Fund, a defined contribution benefit retirement scheme 37,209 32,656 667,614 581,088 The number of management to whom retirement benefits are accruing under Pension Scheme Fund in respect of qualifying services is 4 (2019 – 3). Other than as shown above any further required disclosures in sections 305 and 306 of the Companies Act 2014 are €Nil for both financial years. 5(b). Transactions with directors and officers Loans to directors There were no loans made to directors during the financial year. 5(c). Material interests of directors in contracts with the company In 2020, related party transactions included company secretarial services supplied by a Director of IE Domain Registry CLG to the company to the value of €13,000 (2019 – €39,000). The maximum amount outstanding at any time during the financial year was €7,995 (creditor balance) (2019 – €7,995 creditor balance). Nothing was outstanding at the financial year end date or the previous financial year end date. All transactions were made at arms-length and on this company’s normal commercial terms, which include a requirement to settle debts within 30 days. Financial Statements IE Domain Registry CLG t/a .IE / Annual Report & Review 2020 49