Notes to the Financial Statements

18. RELATED PARTY TRANSACTIONS

Certain directors of the Company are also directors of the co-operatives and other companies from which the Company receives voluntary levy income and other income. The total voluntary levy income and other income received in the normal course of business from these co-operatives and companies amounted to €3,037,925 (2021: €2,677,748). The total expenses payable to these co-operatives relating to their participation in the School Milk Scheme programme amounted to €175,342 (2021: €132,930). The amount payable to these co-operatives at the balance sheet date was €75,683 (2021: €70,166) and the amount receivable from these co-operatives and companies at the balance sheet date was €14,772 (2021: €1,230). The total expenses claimed by these directors for the financial year ended 31 December 2022 amounted to €13,055 (2021: €1,693). The directors held 6 meetings during the financial year ended 31 December 2022 (2021: 7 meetings).

Transactions with the entity’s directors (or members of its governing body)

19. EVENTS AFTER THE BALANCE SHEET DATE

There have been no events after the balance sheet date affecting the Company since the financial year.

The National Dairy Council wishes to thank its member co-ops and associate members for their continued support, ensuring the long-term success of NDC dairy marketing campaigns and initiatives.

Bainne Codladh Ltd.

Arrabawn Co-operative Society Ltd.

Aurivo Co-operative Society Ltd.

Bandon Co-operative Agricultural & Dairy Society Ltd.

Barryroe Co-operative Ltd.

Boherbue Co-operative Ltd.

Callan Co-operative Agricultural & Dairy Society Ltd.

Centenary Thurles Co-operative Society Ltd.

Clóna Dairy Products Ltd.

Dairygold Co-operative Society Ltd.

Kerry Co-operative Creameries Ltd.

Lee Strand Co-operative Creamery Ltd.

Lisavaird Co-operative Creamery Ltd.

Mullinahone Co-operative Dairy Society Ltd.

North Cork Co-operative Creameries Ltd.

Ornua Co-operative Ltd.

Progressive Genetics Co-operative Society Ltd.

Tirlán Ltd.