22. FINANCIAL INSTRUMENTS AND RISK MANAGEMENT continued
22.7 Summary of Financial Assets and Liabilities by Category
The carrying amounts of the Group's financial assets and liabilities recognised at the balance sheet date are categorised
Financial assets measured as loans and receivables:
- Trade and Other receivables 19,885 15,386
- Cash and cash equivalents 18,808 6,632
Total current assets 38,693 22,018
Financial liabilities measured at amortised cost:
- Trade and other payables 37,387 18,982
- Interest bearing loans and borrowings 1,221 -
- Non-interest loans and borrowings 5,148 -
- Deferred consideration 7,582 12,283
Total non-current liabilities 13,951 12,283
23 RELATED PARTIES
23.1 Identity of Related Parties
The Group has a related party relationship with its subsidiaries (see note 24), with its Directors and executive officers and
under the AIM rules with East Pioneer Corporation B.V. (see note 26.7).
23.2 Transactions with Directors and Key Management Personnel
Nigel Blythe-Tinker (stepped down from the board on 17 January 2014) is the Executive chairman of Pentasia Limited, a
leading recruiter in the field of internet gaming. During the year ended 31 December 2013, Pentasia provided recruitment
services to various members of the Group to a value of €15,000 (2012: €17,689).
Karl Diacono is the Chief Executive Officer of Fenlex Corporate Services Limited, a corporate service provider incorporated
in Malta. During the year ended 31 December 2013, Fenlex received €49,968 from the Group in relation to Company
secretarial matters arising in Malta (2012: €55,391).
Richard Cooper received dividends during the year of €350. The wife of Richard Cooper received dividends during the year
of €59,850 (2012: €35,100) in respect of her interest in the ordinary share capital of the Group.
Lee Feldman received dividends during the year of €23,786 (2012: €19,162) in respect of his beneficial interest in the ordinary
share capital of the Group. Lee Feldman is the Managing Partner of Twin Lakes Capital, a private equity firm based in New
York. During the year ended 31 December 2013, Twin Lakes Capital received £50,000 (€59,209) (2011: £50,000 (€62,697))
in relation to office services.
The wife of Kenneth Alexander received dividends during the year of €106,003 (2012: €81,467) in respect of her interest in
the ordinary share capital of the Group.
23.3 Transactions with Directors and Key Management Personnel
Details of the remuneration of key management are detailed below:
Salaries and employee benefits 6,916 3,973
Share based payments 348 257
Details of Directors' remuneration is given in the Report of the Remuneration Committee on page 63.
ANNUAL REPORT 2013 58
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued
for the year ended 31 December 2013