Report
Annual Report and Accounts 2022 to 2023
The Gambling Commission's 2022 to 2023 Annual Report and Accounts. For the period 1 April 2022 to 31 March 2023.
17. Commitments under operating leases
In accordance with International Financial Reporting Standards (IFRS) 16, the Gambling Commission has categorised all leases as finance leases, with the exception of those leases which are exempt either by having less than 12 months to run from 31 March 2023 or are considered low value (less than £5,000).
Rentals due under operating leases are charged over the lease term on a straight-line basis, or on the basis of actual rental payable where this fairly reflects usage.
At 31 March 2023 the Commission was committed to making the following payments in respect of operating leases:
Obligations under operating leases
at 31 March 2023 | at 31 March 2022 | |||
---|---|---|---|---|
Obligations under operating leases for the following periods: | Land and buildings £ thousands |
Other £ thousands |
Land and buildings £ thousands |
Other £ thousands |
Not later than one year | 0 | 0 | 0 | 3 |
Later than one year and not later than five years | 0 | 0 | 0 | 0 |
Later than five years | 0 | 0 | 0 | 0 |
Total | 0 | 0 | 0 | 3 |
16. Capital commitments Next section
18. Contingent Asset
Last updated: 23 September 2024
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