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Report

Annual Report and Accounts 2021 to 2022

The Gambling Commission's 2021 to 2022 Annual Report and Accounts.

Published
2 September 2022

Last updated
31 August 2022 - Changes

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  1. Contents
  2. Notes to the accounts
  3. 14. Retirement benefit obligations

14. Retirement benefit obligations

This provision recognises the payments due in respect of a former Chairman of OFLOT.

As set out in accounting policy 1c, Statement of accounting policies, Pension costs, for further details refer to the Retirmenet benefits section of the staff report.

Retirement benefit obligations

Retirement benefit obligations
Data definitions 2022
£'000s		 2021
£'000s
At 1 April 215 218
Interest cost 3 4
Actuarial loss in the period 11 9
Pensions paid in the year (16) (16)
At 31 March 213 215

The pension liability provision of £213,268 is split between, liability not later than one year (£16,165), and liability greater than one year (£197,103).

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13. Provisions for liabilities and charges Next section
15. Consolidated Fund income
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