Report
Annual report and Accounts 2019 to 2020
Making gambling fairer and safer
Statement of comprehensive net expenditure for the year ended 31 March 2020
Notes |
31 March 2020 £'000s |
31 March 2019 £'000s |
|
|---|---|---|---|
| Expenditure | |||
| Employee costs | 3a | (19,491) | (17,464) |
| Depreciation and amortisation | 6 and 7 | (644) | (622) |
| Right-of-use depreciation | 16 | (823) | - |
| Other expenditure | 3b | (16,495) | (9,495) |
| Total Operating Expenditure | (37,453) | (27,581) | |
| Income | |||
| Licence fee income | 4b | 19,653 | 18,462 |
| Other income | 5 | 251 | 525 |
| Total Operating Income | 19,904 | 18,987 | |
| Net Expenditure | (17,549) | (8,594) | |
| Finance income | 4b | 65 | 103 |
| Finance expense | (12) | (19) | |
| Finance cost on lease liability | 3b | (114) | - |
| Interest cost on pensions liability | 3a | (6) | (6) |
| Net expenditure for the year | (17,616) | (8,516) | |
Notes | 31 March 2020 £'000s | 31 March 2019 £'000s | |
|---|---|---|---|
| Net gain/(loss) on pension liability | 3a | (1) | 1 |
| Total comprehensive expenditure for the year | (17,617) | (8,515) | |
The notes on pages 70 to 88 form part of these accounts.
The Commission receives grant-in-aid funding which fully covers the National Lottery expenditure. Grant-in-aid is treated as a financing transaction rather than revenue and is taken directly to reserves.
Next sectionStatement of financial position as at 31 March 2020
Last updated: 18 April 2024
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