Strategic report Governance Financial statements Other information SECTION 5: OTHER NOTES NOTES TO THE GROUP FINANCIAL STATEMENTS OTHER CONTINUED 5.6 Related party transactions The Company has a related party relationship with its subsidiaries, its Directors and members of the Included within the previous table are the following amounts paid to Directors of the Company who Executive Committee (the ‘key management personnel’). Transactions between the Company and its served during the relevant year. Full details of Directors’ remuneration, including numbers of shares key management personnel are disclosed below. Details of transactions between the Company and exercised, are shown in the Directors’ remuneration report. other related parties are also disclosed below. Year ended Year ended Trading transactions 30 June 2021 30 June 2020 The Company entered into the following transactions with Directors within the Hargreaves Lansdown £m £m Group and related parties who are not members of the Group: Short term employee benefits 4.4 4.7 Share based payments 1.5 0.6 Throughout the year, the non-controlling interest in HL Savings Limited has been held by Stuart 5.9 5.3 Louden, an employee of the Group. There has been no change in the holdings of Stuart Louden in the current year – see note 6.4 for further details. In addition to the amounts above, Directors of the Company received gains of £0.9 million relating During the years ended 30 June 2021 and 30 June 2020 the Company has been party to a lease with to the exercise of share options (2020: £0.2 million). P K Hargreaves, a significant shareholder during the year and former director, for rental of the old head office premises at Kendal House. A ten year lease was signed on 6 April 2011 for a rental of part of the Year ended Year ended building, to be used for disaster recovery purposes at a market rate rent of £0.1 million per annum. 30 June 2021 30 June 2020 £m £m In April a new 5 year lease was entered into. No amount was outstanding at either year end. Emoluments of the highest paid Director 2.7 2.71 During the years ended 30 June 2021 and 30 June 2020, the Group has provided a range of investment services in the normal course of business to shareholders on normal third party business terms. No. No. Directors and staff are eligible for a slight discount on some of the services provided. Number of Directors who exercised share options during the year 2 1 Number of Directors who were members of money purchase pension Remuneration of key management personnel schemes 1 1 The remuneration of the key management personnel of the Group, being those personnel who were a 1 The highest paid Director was the Chief Executive Officer and full details of his emoluments can be found in the audited member of the Executive Committee during the relevant year shown, is set out below in aggregate for ‘Remuneration payable’ table in the Directors’ Remuneration report. each of the categories specified in IAS 24 Related Party Disclosures. Year ended Year ended Any amounts outstanding with related parties are unsecured and will be settled in cash. No guarantees 30 June 2021 30 June 2020 have been given or received in respect of amounts outstanding. No provisions have been made for £m £m doubtful debts in respect of the amounts owed by the related parties. Short term employee benefits 8.9 10.3 Post employment benefits 0.3 0.2 Share based payments 2.6 2.2 11.8 12.7 In addition to the amounts above, six key management personnel (2020: four) received gains of £1.7 million (2020: £0.6 million) as a result of exercising share options. During the year, awards were made under executive option schemes for 6 key management personnel (2020: 9). 165 Hargreaves Lansdown Report and Financial Statements 2021