Annual Report and Accounts 2020 to 2021
The Gambling Commission's 2020 to 2021 Annual Report and Accounts
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: 22 July 2021
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