Annual report and Accounts 2019 to 2020
Making gambling fairer and safer
d) Operating leases
Following the adoption of IFRS 16 in 2019-20 ﬁnancial accounts, the Commission has categorised all leases are 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.
Last updated: 12 November 2020
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