The Group leases various offices under non–cancellable operating leases. The lease terms are between 6 months and 11 years. The Group also leases various items of plant and equipment under operating leases.
| Operating lease commitments | 2008 £m |
2007 £m |
|
| Future commitments under non–cancellable operating leases – property: | |||
| within one year | 2.9 | 2.9 | |
| between one and five years | 7.1 | 8.3 | |
| after five years | 5.7 | 7.2 | |
| 15.7 | 18.4 | ||
| Future commitments under non–cancellable operating leases – plant and equipment: | |||
| within one year | 0.1 | 0.1 | |
| between one and five years | 0.1 | 0.1 | |
| 0.2 | 0.2 |
| Operating lease commitments as lessor |
2008 £m |
2007 £m |
|
| At the balance sheet date the Group had contracted
with tenants for the following future minimum |
|||
| lease payments (receipts to AEA): | |||
| within one year | 0.3 | 0.4 | |
| between one and five years | 0.6 | 0.7 | |
| after five years | 0.8 | 0.9 | |
| 1.7 | 2.0 | ||