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Annual Report and Accounts 2020 to 2021

The Gambling Commission's 2020 to 2021 Annual Report and Accounts

  1. Contents
  2. Notes to the accounts
  3. Contingent liabilities disclosed under IAS 37

Contingent liabilities disclosed under IAS 37

There are contingent liabilities of £967,238 as at 31 March 2021 (£275,860, 2019-20).

The contingent liabilities figure is a combination of legal costs (£498,950) and voluntary exits (£468,288) which has been calculated under the guidance of IAS 37, based on events existing at the balance sheet date.

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Financial instruments
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Grant-in-aid (GIA) advance for revenue expenditure
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