Page 60 - Beeks Financial Cloud Group Annual Report 2021

58 Beeks Financial Cloud Group PLC For the year ended 30 June 2021

Consolidated Statement of Comprehensive Income

2021 2020
Note £000 £000

Revenue 3 11,615 9,360
Other Income 3 309 59
Cost of sales (6,591) (4,845)

Gross profit 5,333 4,574

Administrative expenses (5,783) (3,619)

Operating (loss)/profit 4 (450) 955

Analysed as

Earnings before depreciation, amortisation, acquisition 4,452 3,394
costs, share based payments and non-recurring costs:
Depreciation 2,020 1,474
Amortisation – acquired intangible assets 10 806 237

Amortisation – other intangible assets 9 231 150
Impairment of intangible assets 9 994 -
Non-recurring acquisition integration costs 9 140 205
Share based payments 4 546 312
Other non-recurring costs 20 165 61
Operating (loss)/profit 4 (450) 955

Gain on revaluation of contingent consideration 15 1,989 -
Finance income 5 2
FINANCE
Finance costs 5 (289) (279)

Profit before taxation 1,255 678
Taxation 8 349 (103)
Profit after taxation for the year attributable to the owners
1,604 575
of Beeks Financial Cloud Group PLC

Other comprehensive income

Amounts which may be reclassified to profit and loss
Currency translation differences (157) 43

Total comprehensive income for the year attributable 1,447 618
to the owners of Beeks Financial Cloud Group PLC

pence pence

Basic earnings per share 24 3.07 1.13
Diluted earnings per share 24 3.07 1.13

The above income statement should be read in conjunction with the accompanying notes.