Annual Report and Accounts 2006 - DCC plc

eport of the remuneration committee45Directors’ remuneration detailsThe table below sets out the details of the remuneration payable in respect of Directors who held office for any part ofthe financial year.Salary and fees 1 Bonus Special Benefits 3 Pension Totalbonus 2 contribution 42006 2005 2006 2005 2006 2006 2005 2006 2005 2006 2005€’000 €’000 €’000 €’000 €’000 €’000 €’000 €’000 €’000 €’000 €’000Executive DirectorsJim Flavin 806 768 510 384 150 38 37 121 115 1,625 1,304Tommy Breen 346 329 218 175 - 21 20 94 98 679 622Kevin Murray 346 329 218 175 - 20 19 94 90 678 613Fergal O’Dwyer 314 299 198 175 100 21 20 86 85 719 579Total for executiveDirectors 1,812 1,725 1,144 909 250 100 96 395 388 3,701 3,118Non-executiveDirectorsAlex Spain 142 130 - - - - - - - 142 130Tony Barry 55 54 - - - - - - - 55 54Róisín Brennan 5 35 - - - - - - - - 35 -Michael Buckley 5 33 - - - - - - - - 33 -Paddy Gallagher 61 57 - - - - - - - 61 57Maurice Keane 60 54 - - - - - - - 60 54Bernard Somers 66 54 - - - - - - - 66 54Total fornon-executiveDirectors 452 349 - - - - - - - 452 349Pension payment in respect of retired Director 10 10Total 4,163 3,477Notes1 Fees are payable only to non-executive Directors and include Chairman’s and Board Committee fees.2 Special bonus to Mr. Flavin and Mr. O’Dwyer in recognition of the exceptional demands that had been placed on them during the yeararising from the successful defence of the action taken by Fyffes plc against DCC plc and Others.3 In the case of the executive Directors, benefits relate principally to the use of a company car.4 Executive Director pension contributions in the year ended 31 March 2006 were made to a defined contribution arrangement forJim Flavin and to a defined benefit scheme for the other executive Directors.5 Róisín Brennan and Michael Buckley were appointed to the Board on 5 September 2005.Directors’ defined benefit pensionsThe table below sets out the increase in the accrued pension benefits to which executive Directors have become entitledduring the year ended 31 March 2006 and the transfer value of the increase in accrued benefit, under the Company’sdefined benefit pension scheme:Increase in accrued Transfer value equivalent Totalpension benefit to the increase in accrued accrued pension(excl inflation) during the year 1 pension benefit 2 benefit at year end 3€’000 €’000 €’000Executive DirectorsTommy Breen 8 69 131Kevin Murray 16 161 123Fergal O’Dwyer 7 55 97Total 31 285 351Notes1 Increases are after adjustment for inflation over the year and reflect additional pensionable service and salary.2 The transfer value equivalent to the increase in accrued pension benefit has been calculated on the basis of actuarial advice inaccordance with Actuarial Guidance Note GN11. The transfer values do not represent sums paid to or due to the Directors named, butare the amounts that would transfer to another pension scheme in respect of the increase in accrued pension benefit during the year.3 Figures represent the total accrued pension payable from normal retirement date, based on pensionable service at 31 March 2006.