The impact of the Covid-19 restrictions last year sent Glen Hansard’s entertainment firm into the red.
New accounts lodged by the Oscar-winning singer-songwriter’s Plateau Records Ltd show that it recorded a post-tax loss of €162,584 for the 12 months to the end of November 2021. This compared to a post-tax profit of €25,895 in 2020, the first year of the pandemic.
The loss last year resulted in accumulated profits reducing from €1.32 million to €1.165 million.
The accounts show that the artist – who left school at 13 to go busking on Dublin’s Grafton Street – shared directors’ pay of €174,778.
How property tax could be used to make empty nesters sell their big houses
What can your boss do to make your working life easier when you have children?
Government cannot afford to deliver the homes Ireland needs without big investors
A fifth of homes not sold to individuals and why property tax can help fix the housing crisis
This represented a 14 per cent drop on directors’ pay of €203,852 in 2020, which was comprised of €195,852 in remuneration and €8,000 in pension contributions.
The cash pile at the company last year decreased sharply from €904,378 to €519,559.
The value of the firm’s freehold property did increase, rising from €189,178 to €541,824 at the end of last year.