Report
Annual Report and Accounts 2020 to 2021
The Gambling Commission's 2020 to 2021 Annual Report and Accounts
Commitments under operating leases
Following the adoption of IFRS 16 in 2019-20 financial accounts, the Commission has categorised all leases are on recognised as lease liabilities, with the exception of those leases which are exempt either by having less than 12 months to run from 31st March 2020 or are considered low value (less than £5,000).
Rentals due under operating leases are charged over the lease term on a straight-line basis, or on the basis of actual rental payable where this fairly reflects usage.
At 31st March 2021 the Commission was committed to making the following payments in respect of operating leases:
| As at 31 March 2021 | As at 31 March 2020 | |||
|---|---|---|---|---|
| Land and buildings £'000s | Other £'000s | Land and buildings £'000s | Other £'000s | |
| Obligations under operating leases for the following periods: | ||||
| Not later than one year | - | 11 | - | 11 |
| Later than one year and not later than five years | - | - | - | - |
| Later than five years | - | - | - | - |
| - | 11 | - | 11 | |
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Last updated: 22 March 2024
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