The purpose of Group Finance is:
- To co-ordinate the financial planning, analysis and reporting by the CIÉ group of companies to stakeholders
- To ensure that the Group’s business plans can be supported by appropriate borrowing and other financial facilities.
- Ensuring compliance with the financial, risk and procurement requirements of the Code of Practice for the Governance of State Bodies
- Providing financial management and support for CIE’s professional service delivery activities.
We do this by:
Liaising with the 4 subsidiary companies of CIÉ; Bus Átha Cliath, Bus Éireann, CIÉ Tours Inc. and Iarnród Éireann to:
- Ensure that adequate funding is in place to meet daily requirements and surplus funds are deployed efficiently.
- Monitor and control capital expenditure in accordance with the Group’s internal approvals regime.
- Monitor business performance in accordance with approved business plans.
- Maintaining the Property Register for the CIÉ estate.
In respect of Holding Company financial management activity, Group Finance is responsible for:
- Maintaining the Property Register for the CIÉ estate.
- Maintaining an appropriate range of relationships with financial institutions and other professional advisory undertakings.
- Monthly Executive Payroll.
- Accounts Payable.
- Pension Fund accounting.
- Managing the taxes of CIÉ and making timely payments through ROS of any taxes that fall due.
Cathy McVicker
Interim Chief Finance Officer