Report
Annual Report and Accounts 2020 to 2021
The Gambling Commission's 2020 to 2021 Annual Report and Accounts
a) Right-of-use asset
| Victoria Square House Land and Buildings £'000s | Bloomsbury Street Land and Buildings £'000s | Plant & Equipment £'000s | 2020-21 Total £'000s | 2019-20 Total £'000s | |
|---|---|---|---|---|---|
| Cost/valuation | |||||
| At 1 April 2019* | 4,357 | 526 | 4 | 4,887 | 1,729 |
| Additions to right-of-use assets | - | - | - | - | 3,981 |
| Depreciation charge for the year | (736) | (204) | (2) | (942) | (823) |
| Balance as at 31 March | 3,621 | 322 | 2 | 3,945 | 4,887 |
| No later than one year | 736 | 204 | 2 | 942 | 942 |
| Later than one year and not later than five years | 2,885 | 118 | - | 3,003 | 3,945 |
| Later than five years | - | - | - | - | - |
| Balance as at 31 March | 3,621 | 322 | 2 | 3,945 | 4,887 |
References
* Right-of-use asset value for Victoria Square House as at 1 April 2020 includes an adjustment of £358k relating to a brought forward deferred rent release provision. The Commission received a rent-free period during 2015/2016, during this time rental charges were accrued and the cost benefit is being released over the life of the lease.
Last updated: 18 September 2024
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