Report
Open banking data modelling of gambling spend thresholds
This report sets out the results of an analysis of a sample of open banking data for the modelling of gambling spend thresholds
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 |
Last updated: 23 September 2024
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