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![]() ![]() The judgments applied to non-current asset balances with regard to asset lives and impairment reviews are set out in the separate accounting policies on these assets. ![]() These Accounts have been prepared under the historical cost convention and where material modified to account for the revaluation of property, plant and equipment and intangible assets at their value to the business by reference to their current costs. For the above reasons it has been considered appropriate to adopt a going concern basis for the preparation of these financial statements. The going concern basis of accounting for the department is adopted in consideration of the requirements set out in HM Treasury’s Government Reporting Manual, which requires entities to adopt the going concern basis of accounting in the preparation of the financial statements where it is anticipated that the services which they provide will continue into the future. After making enquiries, the Accounting Officer has a reasonable expectation that the department has adequate resources to continue in operational existence for a period of at least 12 months from the date the financial statements are authorised for issue. ![]() In common with other government departments, the future financing of the department’s liabilities is to be met byįuture grants of Supply and the application of future income, both to be approved annually by Parliament. They have been applied consistently in dealing with items considered material in relation to the Accounts. The particular policies adopted by GLD are described below. Where the FReM permits a choice of accounting policy, the accounting policy which is judged to be most appropriate to the particular circumstances of the Government Legal Department (GLD) for the purpose of giving a true and fair view has been selected. The accounting policies contained in the FReM apply International Financial Reporting Standards (IFRS) as adapted or interpreted for the public sector context. The financial statements have been prepared in accordance with the 2021-22 Government Financial Reporting Manual (FReM) issued by HMT. ![]()
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