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Assets management

In 2019–20, the Commission managed non‐financial assets (excluding prepayments) with a gross value of $19.4 million. The increase in value of assets is due to the recognition of long term office leases as right‑of‑use assets (gross value of $10.0m). All assets owned, including IT assets, are subject to a stocktake to verify the accuracy of records. Assets are depreciated at rates applicable to the asset class.