ITF Trust Annual Report and Financial Statements 2022 30
26. Leases
The balance sheet shows the following amounts rela ng to leases:
In 2022, deprecia on of right-of-use assets of $602,000 (2021: $565,000) and a foreign exchange loss of $2,000 (2021:
loss $40,000) was charged to the income statement.
There were no addi ons to right-of-use assets during 2022 (2021: nil).
In 2022, interest expenses (included in finance cost) of $10,000 (2021: $25,000) and a foreign exchange loss of $1,000
(2021: gain $44,000) were included in the income statement.
27. Inventories
Inventories recognised as an expense during the year ended 31 December 2022 amounted to $383,000 (2021: $359,000).
28. Trade and other receivables
2022
$000
2021
$000
Right-of-use assets
Buildings 85 634
2022
$000
2021
$000
Finished goods 90 265
2022
$000
2021
$000
Lease liabili es
Current 71 693
Non-current - 79
71 772
2022
$000
2021
$000
Trade receivables 15,993 9,242
Other receivables 4,157 1,285
Corpora on tax debtor 402 928
Prepayments 845 572
Contract assets 8,075 3,813
29,472 15,840
Notes (continued, forming part of the financial statements)