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EirGrid plc Annual Report 2011

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<strong>EirGrid</strong> <strong>plc</strong> <strong>Annual</strong> <strong>Report</strong> & Accounts <strong>2011</strong><br />

7. Profit Before Taxation<br />

The profit before taxation is stated after charging/(crediting) the following:<br />

Year to<br />

Year to<br />

30 Sep <strong>2011</strong> 30 Sep 2010<br />

€ ’000 € ’000<br />

Depreciation 20,473 18,668<br />

Operating lease rentals 1,897 1,833<br />

Foreign exchange loss/(gain) 531 (1,177)<br />

Directors’ remuneration in respect of the financial year is analysed as follows:<br />

Year to<br />

Year to<br />

30 Sep <strong>2011</strong> 30 Sep 2010<br />

€ ’000 € ’000<br />

- for services as a Director 127 135<br />

- for executive manager services 270 310<br />

Auditor’s remuneration in respect of the financial year is analysed as follows:<br />

Year to<br />

Year to<br />

30 Sep <strong>2011</strong> 30 Sep 2010<br />

Group € ’000 € ’000<br />

- audit fees 126 138<br />

- other assurance services 5 33<br />

- tax advisory services 65 101<br />

- other non-audit services 21 692<br />

Other non-audit services includes amounts of €nil (2010:€692,000), all of which relate to the raising of<br />

finance for the East West Interconnector project.<br />

Year to<br />

Year to<br />

30 Sep <strong>2011</strong> 30 Sep 2010<br />

Company € ’000 € ’000<br />

- audit fees 67 118<br />

- other assurance services 5 33<br />

- tax advisory services 49 73<br />

- other non-audit services - 692<br />

Other non-audit services includes amounts of €nil (2010: €692,000), all of which relate to the raising of<br />

finance for the East West Interconnector project.<br />

87

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