Page 93 - Beeks Financial Cloud Group Annual Report 2021

Beeks Financial Cloud Group PLC
Notes to the Consolidated Financial Statements For the year ended 30 June 2021

23. RELATED PARTY TRANSACTIONS
Parent entity
Beeks Financial Cloud Group PLC is the parent entity.

Subsidiaries
Interests in subsidiaries are set out in note 25.

Transactions with related parties
The following transactions occurred with related parties:

2021 2020
£000 £000

Withdrawals from the director, Gordon McArthur 4 11

The loan account owed by the director; Gordon McArthur was repaid in full before the year end.

Beeks Financial Cloud Limited provided services in the normal course of its business and at arm’s length to Ofelia
Algos Limited, a company owned by Gordon McArthur. During the financial year Beeks Financial Cloud Limited
made sales of £123,480 (2020: £120,540) to Ofelia Algos Limited and the amounts due to Beeks Financial Cloud
Limited at the year-end were £20,682 (2020: £35,090).

Key management personnel
Compensation paid to key management (which comprises the executive and non-executive PLC Board members)
during the year was as follows:
2021 2020
£000 £000

Wages and salaries including social security costs 221 258 FINANCE
Other pension costs 4 5
Other benefits in kind 2 -
Share based payments 141 115

2021 2020
24. EARNINGS PER SHARE £000 £000

Profit after income tax attributable to the
1,604 575
owners of Beeks Financial Cloud Group PLC
Pence Pence
Basic earnings per share 3.07 1.13
Diluted earnings per share 3.07 1.13
Number Number
Weighted average number of ordinary shares
52,276,498 50,942,258
used in calculating basic earnings per share
Adjustments for calculation of diluted earnings per share:
Options over ordinary shares 15,351 48,132
Weighted average number of ordinary shares
52,291,848 50,990,391
used in calculating diluted earnings per share

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