NOTES (CONT.)
(FORMING PART OF THE FINANCIAL STATEMENTS)
30. Derivative financial instruments
2020 2019
$000 $000
Current foreign currency forwards - held for hedging 2,068 718
31. Security deposit - restricted cash
32. Trade and other payables
2020 2019
$000 $000
Trade payables 2,587 6,472
Other payables 138 274
Corporation tax creditor - 3
Other taxation and social security 472 768
Accruals 3,433 9,633
Deferred income (see note 34) 18,655 20,446
25,285 37,596
33. Provisions
Dilapidations
provision
$000
Balance at 1 January 2020 and at 31 December 2020
519
Non-current 519
Current
-
519
34. Deferred income
2020 2019
$000 $000
Current
Receipts in advance 17,113 19,185
Olympic deferred income - -
Grand Slam Development Fund 1,542 1,261
18,655 20,446
Non-current
Olympic deferred income
- -
The dilapidations provision relates to the Roehampton property. The liability is expected to be incurred in 2023 at the
end of the operating lease.
The ITF is in receipt of $25m in lieu of guarantees required by the Licensing agreement with Kosmos. This cash is held as
a security deposit against default or termination but in the absence of either is to be held separately and not for use
within the business. It is therefore held as restricted cash and not included within the cash flow statement.
27
