The FAI agreed a €462,000 settlement with former CEO John Delaney when he left the association earlier this year.
According to the association’s accounts, the payment is made up of three months pay and pension contributions.
There was one “payment in lieu of notice” amounting to €90,000.
The rest of the money was made up by a €372,000 payment to Mr Delaney’s pension fund.
The Football Association of Ireland's liabilities currently stands at over €55m.
That includes €30m owed to the bank.
The 2018 FAI Accounts have been published and can be viewed here
➡️ https://t.co/Ij7Uw4VMI3— FAIreland ⚽️🇮🇪 (@FAIreland) December 6, 2019
The FAI is in 'advanced discussions' with the banks to agree on a long-term funding plan that will allow it to meet its debts as they are called in and provide financial stability in the short and medium-term.
FAI President Donal Conway said he is disappointed with the figures.
He said he was made president in August 2018 and was a member of the board before that but he "wasn't aware that the financial situation was as stark as presented today."
"I started to become aware of it earlier this year."
The accounts include an audit of the FAIs financial statements carried out by Deloitte.
It notes that the association had not provided them with all the information and explanations that they considered necessary for the audit.
They were also unable to confirm that the directors' report had been prepared in accordance with the Companies Act and they were "unable to determine whether adequate accounting records have been kept."
In its disclaimer of the opinion, the auditor said it was not able to provide guarantees that the association will be able to continue on into the future.
"While the company has received some advanced funding from UEFA during 2019 to enable the company to meet some of its current liabilities, there is not sufficient audit evidence that the company will be able to meet its liabilities as they fall due," it said.
"Therefore we were unable to obtain sufficient audit evidence to support the assumption that the company will continue as a going concern."
Earlier, the association’s president Donal Conway announced plans to step down from his position next month.
