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Annual report and Accounts 2019 to 2020

Making gambling fairer and safer

  1. Contents
  2. Notes to the accounts
  3. Commitments under operating leases

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 2020 the Commission was committed to making the following payments in respect of operating leases:

at 31 March 2020 at 31 March 2019
Land and Buildings
Land and Buildings
Obligations under operating leases for the following periods comprise:
No later than one year - 11 823 10
Later than one year and not later than five years - - 831 10
Later than five years - - - -
- 11 1,654 20


Prior year comparatives includes a Building Lease which is classed as a 'lease liabilities' following the adoption of IFRS 16 for 2019-20 financial accounts.

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Right-of-use assets
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Related party transactions
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