70 City of Glasgow College Annual Report & Accounts 2020-21
CITY OF GLASGOW COLLEGE
NOTES TO THE FINANCIAL STATEMENTS
12 months ended 12 months ended
FOR THE 12 MONTHS ENDED 31 JULY 2021 31 July 2021 31 July 2020
£000 £000
14 INTEREST AND OTHER FINANCE COSTS
NPD contract 13,303 13,751
Net pension financing cost 350 174
13,653 13,925
15 INTANGIBLE FIXED ASSETS
£000 £000
Cost or Valuation
At 1 August 2020 230 230
Additions - At
31 July 2021 230 230
Depreciation
At 1 August 2020 229 171
Charge for period 1 58
At 31 July 2021 230 229
Net book value at 31 July 2021 - 1
Net book value at 1 August 2020 1 59
Represented by:
Inherited - Financed
by capital grant - Other
- 1
At 31 July 2021 - 1