66 City of Glasgow College Annual Report & Accounts 2019-20
CITY OF GLASGOW COLLEGE
NOTES TO THE FINANCIAL STATEMENTS
12 months ended 12 months ended
FOR THE 12 MONTHS ENDED 31 JULY 2020 31 July 2020 31 July 2019
£000 £000
14 INTEREST AND OTHER FINANCE COSTS
NPD contract 13,751 14,167
Net pension financing cost 174 13,925
14,167
15 INTANGIBLE FIXED ASSETS
£000 £000
Cost or Valuation
At 1 August 2019 230 230
Additions - At
31 July 2020 230 230
Depreciation
At 1 August 2019 171 113
Charge for period 58 58
At 31 July 2020 229 171
Net book value at 31 July 2020 1 59
Net book value at 1 August 2019 59 117
Represented by:
Inherited - Financed
by capital grant - Other
1 59
At 31 July 2020 1 59