ComReg costs 20M a year to run – Bang for your buck

Now, I must admit I cannot read balance sheets but on page 51 of this document on the accounts for year ending June 2005, it seems from reading it that ComReg blow 20M a year on “stuff”. Such as:

  • Staff Costs 8.719Million (They have 112 staff)
  • Technical Advice (Consultants) 4.115Million
  • Legal Expenses 4.451Million
  • Advertising 23,000
  • Administrative Expenses 2.277Million
  • Auditors’ Remuneration 12,000
  • Premises and Related Expenses 1.249Million
  • Depreciation 244,000
  • Subscriptions to International Organisations 630,000

Unfortunately we cannot see 2006 because they are allowed bury it until the year after they give it to the Minister. Handy that.

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14 Responses to “ComReg costs 20M a year to run – Bang for your buck”

  1. Conor says:

    So breaking down 8.7 million over 112 staff turns out to be 77k.

    I think I’m in the wrong industry.

    (Yes yes I know some are paid more then others but still for 112 staff doesn’t that seem a little high to you?)

  2. frankp says:

    Wow. I really should edit BifSniff’s caption competition to include the public being serviced by the Poodle while the Poodle is being serviced by the TelComs.

  3. Paul Walsh says:

    I can’t believe they can get away with this. I mean, their budget for consultants (I’m assuming ComReg management are non-executives for some of them) is half that of 112 full time staff.

    1.249Million for 112 staff is absolutely ridiculous.

    I think they need to dedicate more funds to independent auditing!

  4. Paul Walsh says:

    … 1.249Million for an office

    O2 Pulled out of Hammersmith (London prime location) because they were paying just over that for about 300 staff – and that’s a company worth £14.4b.

  5. On face value the average figure of 77K per employee does seem a little high (even with a Dublin weighting); but you have to consider that a good number of lower paid workers can be offset by a couple of very highly paid workers.

    I wonder how much Mr. ComReg himself is paid?

    I also think the technical consultancy fees are huge. If the consultancy rate was (say) 1000 euro a day then that’s equivalent to having 11 consultants on-site for each day of the year including weekends and bank-holidays. Now if that’s not easy money then I don’t know what is.

    David

  6. Think PWC are the resident bitch on this and they can go for 2k/3k. Applied for a job there and still no word back. D, have you heard re your application?

  7. Gerry says:

    Worth every penny of it they are. They’ve dragged Ireland kicking and screaming into the digital age. Some one promise them a bonus as part of their election manifesto please.

  8. Some of these data smell worthy of a Freedom of Information request.

  9. Daithí says:

    Four million in legal?

    Must…qualify…must…hurry…up.

  10. Dan Sullivan says:

    Have to say the auditors and the advertising look tremendously good value in comparison.

  11. UnaRocks says:

    What’s their budget for DOING stuff? Don’t see it on that list.

  12. Dan Sullivan says:

    Perhaps, they are like the US DoD and they are hiding their spending and they have a secret lair where they plot to ensure the safety of the domestic telecoms infrastructure?

  13. squid says:

    The ComReg raid on Radio Limerick One last december cost comreg €30,000

  14. [...] Now I can guarantee you from my personal investigations that this short code is owned by O2, below is this Fridays email which isn’t even in English I think, what a bunch of muppets, another 20 million enterprise I suppose. [...]