Minister for Transport Leo Varadkar has said he is 'very dissatisfied' that the board of Dublin Airport Authority has made provision for a performance-related payment of over €106,000 for Chief Executive Declan Collier for last year.
A spokesman for the Minister said he was aware that most of the award has been deferred.
However, he said it was the Government's clear policy that no performance-related payments should be made in respect of 2010.
He added that all Government agencies were expected to comply with this.
The DAA's annual report shows that Mr Collier took a 12% cut in his basic salary to just under €308,500.
However, his total package was worth €612,500, up from just over €568,000 in 2009.
The DAA said only €21,900 in performance-related bonuses was actually paid to Mr Collier last year, with the rest deferred to reflect current Government policy.
DAA reports €33.1m profit last year
The annual report also shows that the DAA made group profits of €33.1m for 2010 despite the impact of volcanic ash and extreme weather conditions on passenger numbers.
The authority said the business environment remained very challenging for the company last year, due to the impact of the economic slowdown, constrained business and consumer spending, as well as a reduction in airline services.
Group turnover for the year rose by 2% to €558m as a result of increased airport charges and higher sales revenues at its overseas operations.
The Icelandic ash cloud and the snow and ice conditions during the winter months reduced passenger numbers by up to 1m across the authority's three airports - Dublin, Cork and Shannon.
This resulted in a €13m charge to the company's figures.
The DAA said its passenger numbers in Dublin, Shannon and Cork fell by 13% to 22.6m last year.
Passenger numbers at Dublin fell by 10% to 18.4m, while the Cork figures were down 12% to 2.4m.
Passenger numbers at Shannon Airport slumped by 37% to 1.8m, mainly as a result of Ryanair withdrawing a number of routes from the airport.
The authority opened Terminal 2 at Dublin Airport in November and over the next three months the phased transfer of airlines using the new operations was completed.
Mr Collier said that over 40% of Dublin Airport's passengers are now using Terminal 2.
