Report
Annual report and Accounts 2019 to 2020
Making gambling fairer and safer
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 £'000s |
Other £'000s |
Land and Buildings £'000s |
Other £'000s |
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 | |
References
† 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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Last updated: 16 April 2024
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