ITF

NOTES (CONT.) (FORMING PART OF THE FINANCIAL STATEMENTS) 26. Leases The balance sheet shows the following amounts relating to leases: 2020 2019 Right-of-use assets $000 $000 Buildings 1,179 1,778 There were no additions to right-of-use assets during 2020 (2019: nil). 2020 2019 Lease liabilities $000 $000 Current 681 649 Non-current 779 1,347 1,460 1,996 27. Inventories 2020 2019 $000 $000 Finished goods 528 124 28. Trade and other receivables 2020 2019 $000 $000 Trade receivables 5,514 14,886 Other receivables 856 1,024 Corporation tax debtor 707 - Prepayments 2,324 2,746 Contract assets 1,590 5,793 10,991 24,449 29. Financial assets at fair value through profit or loss 2020 2019 $000 $000 Investments Bonds 6,640 4,153 Equities 28,158 32,988 Other investment assets 8,423 13,818 Cash deposits 6,202 2,833 49,423 53,792 2020 2019 Investments - Olympics $000 $000 Bonds - 2,615 Short-term investments 235 4,603 235 7,218 49,658 61,010 Inventories recognised as an expense during the year ended 31 December 2020 amounted to $154,000 (2019: $547,000). In 2020, interest expenses (included in finance cost) of $38,000 (2019: $65,000) and a foreign exchange loss of $34,000 (2019: loss $124,000) were included in the income statement. In 2020, depreciation of right-of-use assets of $573,000 (2019: $723,000) and a foreign exchange gain of $29,000 (2019: gain $127,000) was charged to the income statement. During the year, an additional rent-free period was obtained for the lease which reduced the brought forward asset and liability values by $47,000 and $66,000 respectively. 26

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