- Financial Statements
Notes to the Consolidated Financial Statements
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for the year to 31 December 2007
38. Operating lease arrangements
The Group as lessee
At the balance sheet date, the Group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
| 2007 £m |
2006 £m |
|
| Within one year | 16.1 | 14.6 |
| In more than one year but not more than five years | 44.1 | 41.1 |
| After five years | 17.4 | 30.7 |
| 77.6 | 86.4 |
Operating lease payments principally represent rentals payable by the Group for certain office properties and vehicles.
The Group as lessor
At the balance sheet date, the Group had contracted with tenants for the following future minimum lease payments:
| 2007 £m |
2006 £m |
|
| Within one year | 1.5 | 1.5 |
| In more than one year but not more than five years | 5.0 | 5.5 |
| After five years | 3.7 | 5.2 |
| 10.2 | 12.2 |
Operating lease receipts represent rental income in respect of certain office and commercial properties.