70 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
18 DEBTORS
Trade Debtors 2,479 2,947
Prepayments and accrued income 3,678 2,554
6,157 5,501
19 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors 1,252 1,423
Other taxation and social security 1,326 1,489
Deferred Income - Government Capital Grants 432 2,321
Accruals & deferred Income 6,847 4,961
Finance liability 5,011 4,700
Amounts owed to Scottish Funding Council 1,884 1,361
16,752 16,255
20 CREDITORS: AMOUNTS FALLING DUE AFTER
ONE YEAR
Deferred Income - Government Capital Grants 6,205 6,542
TOTAL 6,205 6,542
21 FINANCIAL INSTRUMENTS
Financial assets
Financial assets measured at amortised cost 14,579 13,152
Financial liabilities
Financial liabilities measured at amortised cost 145,294 150,278
Financial assets measured at amortised cost comprise trade debtors and accrued income.
Financial liabilities measured at amortised cost comprise trade creditors and other creditors and
accruals.
Trade Debtors are shown after the deduction of a bad debt provision.