Annual report and Accounts 2019 to 2020
Making gambling fairer and safer
n) Cash and cash equivalents
The Commission's cash deposits are held with a single commercial bank, and with the Government Banking Service.
The Commission's deposits are considered to be cash, as all deposits with the commercial bank are repayable immediately without penalty and without notice.
Cash equivalents are classed as investments that mature in three months or less, and are readily convertible to known amounts of cash with insigniﬁcant risk of change in value. The Commission does not consider that it holds any cash equivalents.
Last updated: 12 November 2020
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