IE Domain Registry t/a .IE Annual Report 2021

4. Operating profit 2021 2020 € € The operating profit is arrived at after charging: Amortisation 35,111 35,110 Depreciation 99,835 95,212 Auditors’ remuneration Audit 13,850 13,850 Tax advisory services 3,000 3,000 Directors’ remuneration 117,365 78,443 Pension costs 57,974 54,822 Operating lease charges 155,235 139,856 Secretarial fees - 13,000 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: 2021 2020 € € Emoluments in respect of qualifying services 732,713 630,405 Company contributions in respect of qualifying services to Pension Scheme Fund, a defined contribution benefit retirement scheme 41,554 37,209 774,267 667,614 The number of management to whom retirement benefits are accruing under Pension Scheme Fund in respect of qualifying services is 4 (2020 – 4). 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 2021, related party transactions included company secretarial services supplied by a Director of IE Domain Registry CLG to the company to the value of €NIL (2020 – €13,000). The maximum amount outstanding at any time during the financial year was €NIL (2020: €7,995). 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 2021 43