Note	12 September 2014 to 31 December 2015 €000
Costs reimbursable to NTMA	7.1	3,672
SBCI Board Fees	8	74
Other expenses		670
		4,416

7.1 Costs reimbursable to the NTMA

	12 September 2014 to 31 December 2015 €000
NTMA staff costs	1,847
Business services	1,163
Professional fees	356
Technology	254
Other operating costs	52
	3,672

NTMA staff costs

The Company has no employees. All personnel are employed by the NTMA and the remuneration cost of staff who are engaged full time in the SBCI business are recharged to the Company by the NTMA. The number of employees directly engaged in the Company at the reporting date was 9. NTMA staff costs include the remuneration and other staff related costs, such as recruitment costs, staff training and temporary staff costs, of the NTMA staff directly engaged in the SBCI.

NTMA staff costs include the CEO’s salary which is as detailed below. The remuneration of the CEO is determined in accordance with sections 7(2) and 8 of the National Treasury Management Agency Act 1990.

Nicholas Ashmore (CEO)	€
Annual salary	250,000
Annual taxable benefits	23,154
	273,154

The CEO received a total salary of €309,734 and taxable benefits of €25,077 during the financial period from 12 September 2014 to 31 December 2015. No performance related payment was paid or is payable to the CEO during the period. The amounts paid to the CEO are included in the costs reimbursable to the NTMA.

The CEO’s pension entitlements do not extend beyond the standard terms of the model public sector superannuation scheme.

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