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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
16 TANGIBLE FIXED ASSETS
Cost 156,318 156,318
Depreciation (12,591) (7,315)
Revaluation 20,084 20,084
Net Book Value as at 31 July 2020 163,811 169,087
Initial Liability 144,249 148,615
Addition during year - Repayments
in year (4,700) (4,366)
Net Book Value as at 31 July 2020 139,549 144,249
Amount repayable within year 1 5,011 4,700
Amount repayable in more than 1 year 134,538 139,549
Net Book Value as at 31 July 2020 139,549 144,249
Payable in Payable in Payable
1 year 2-5 years
later than 5
years Total
£000 £000 £000 £000
Liability repayments 5,011 22,481 112,057 139,549
Finance charge 13,303 48,206 103,023 164,532
Service arrangements 3,579 16,886 131,371 151,836
21,893 87,573 346,451 455,917
17 INVESTMENTS
INVESTMENTS
Government stock at cost 4 4
The New campus was completed in August 2016, the element of the building and equipment held
under a service concession arrangement at the balance sheet date is as follows :
The value of the liabilities resulting from the service concession arrangement at the balance
sheet date is as follows:
The following table analyses the College's future payments in relation to the service concession
arrangement :