Annual Report & Accounts 2017/18

132 NI Water Annual Report and Accounts 2017/18 Statutory Accounts E1 Personnel numbers and expenses continued Exit package cost band £000 Number of compulsory redundancies 31 March 2018 Number of other departures agreed 31 March 2018 Total number of exit packages by cost band 31 March 2018 Number of compulsory redundancies 31 March 2017 Number of other departures agreed 31 March 2017 Total number of exit packages by cost band 31 March 2017 0 – 10 - - - - 1 1 10 – 25 - 6 6 - 4 4 25 – 50 - 1 1 - 4 4 50 – 100 - 3 3 - 1 1 Above 100 - 1 1 - - - Total number - 11 11 - 10 10 Total cost (£’000) - 643 643 - 280 280 E1c Off-payroll engagements In accordance with DoF disclosure guidance - FD (DoF) 03/18, the Company had the following ‘off-payroll’ engagements at a cost of over £58,200 per annum and engaged for over six months. None of the subsidiaries in the Group had off-payroll engagements as defined by the DoF guidance in the year. Year to 31 March 2018 number Number of off-payroll engagements as at 1 April 2017 4 Those caught by IR35: Number engaged directly (via Personal Service Company (PSC) contracted to the Company) and are on the Company’s payroll 2 Number of engagements which have come onto the payroll (4) Number of engagements which have come to an end (2) Number of off-payroll engagements as at 31 March 2018 - E2 Employee benefits The net pension expense before tax recognized in the income statement in respect of the defined benefit scheme is summarised as follows: Components of defined benefit cost Total year to 31 March 2018 £000 Total year to 31 March 2017 £000 Service cost Current service costs (operating costs - staff costs) 13,500 9,704 Past service costs (operating costs - staff costs) 1,500 1,217 Total service cost 15,000 10,921 Net interest cost: Interest expense 7,600 8,026 Interest income (6,000) (7,800) Net interest cost 1,600 226 Administration expenses and taxes 1,000 1,352 Defined benefit cost included in profit 17,600 12,499