43. Investment in subsidiaries
2019 | 2018 | |
|---|---|---|
€m | €m | |
Investment in subsidiaries at beginning of the financial year | 13.4 | 12.0 |
Movement related to share options allocated to employees in subsidiaries | 1.2 | 1.4 |
Investment in subsidiaries at end of the financial year | 14.6 | 13.4 |
The Company’s principal subsidiaries at 31 December 2019 is as follows:
Name of subsidiary | Country of incorporation and operation | Principal activity |
|---|---|---|
Irish Ferries Limited* | Ireland | Ferry operator |
Eucon Shipping & Transport Limited* | Ireland | Container shipping services |
Irish Continental Line Limited* | Ireland | Ship leasing |
Irish Ferries Services Limited* | Ireland | Administration services |
Belfast Container Terminal (BCT) Limited | Northern Ireland | Container handling |
Irish Ferries (U.K.) Limited | United Kingdom | Shipping & forwarding agents |
Eurofeeders Limited | United Kingdom | Shipping & forwarding agents |
Irish Ferries (U.K.) Services Limited | United Kingdom | Administration services |
Zatarga Limited | Isle of Man | Ship leasing |
Contarga Limited* | Ireland | Ship leasing |
Irish Ferries Finance DAC | Ireland | Administration services |
ICG Shipping (W. B. Yeats) Limited | Ireland | Maritime transport |
ICG Shipping (Hull 777) Limited | Ireland | Maritime transport |
* Companies availing of Companies Act 2014 exemption under S357
The Company in all instances owns 100% of the issued share capital and voting rights attaching thereto in respect of all subsidiary companies.
The registered office for Irish Ferries Limited, Eucon Shipping & Transport Limited, Irish Continental Line Limited, Contarga Limited, Irish Ferries Services Limited, Irish Ferries Finance DAC, ICG Shipping (W.B. Yeats) Limited, and ICG Shipping (Hull 777) Limited is Ferryport, Alexandra Road, Dublin 1.
The registered office for Belfast Container Terminal (BCT) Limited is 1 Lanyon Place, The Soloist Building, Belfast BT1 3LP, Northern Ireland.
The registered office for Irish Ferries (U.K.) Limited and Irish Ferries (U.K.) Services Limited is The Plaza Suite 4D, 100 Old Hall Street, Liverpool L3 9QJ, England.
The registered office for Eurofeeders Limited is Collins House, Rutland Square, Edinburgh, Midlothian EH1 2AA, Scotland.
The registered office for Zatarga Limited is Merchants House, 24 North Quay, Douglas IM1 4LE, Isle of Man.