ITF Trust Annual Report and Financial Statements 2021 31
26. Leases
The balance sheet shows the following amounts rela ng to leases:
In 2021, deprecia on of right-of-use assets of $565,000 (2020: $573,000) and a foreign exchange loss of $40,000 (2020:
gain $29,000) was charged to the income statement.
There were no addi ons to right-of-use assets during 2021 (2020: nil).
In 2021, interest expenses (included in finance cost) of $25,000 (2020: $38,000) and a foreign exchange gain of $45,000
(2020: loss $34,000) were included in the income statement.
27. Inventories
Inventories recognised as an expense during the year ended 31 December 2021 amounted to $359,000 (2020: $154,000).
28. Trade and other receivables
2021
$000
2020
$000
Right-of-use assets
Buildings 634 1,179
2021
$000
2020
$000
Finished goods 265 528
2021
$000
2020
$000
Lease liabili es
Current 693 681
Non-current 79 779
772 1,460
2021
$000
2020
$000
Trade receivables 9,242 5,514
Other receivables 1,285 856
Corpora on tax debtor 928 707
Prepayments 572 2,324
Contract assets 3,813 1,590
15,840 10,991
