42 Commitments.


(i) Capital commitments

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2009
£m

2008
£m

Authorised and contracted commitments not provided for in respect of investment property development, payable after 31 December

 

 

– Long term business

16

35

(ii) Operating lease commitments

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2009
£m

2008
£m

The future aggregate minimum lease payments
under non-cancellable operating leases are as follows:

 

 

– Not later than 1 year

27

34

– Later than 1 year and not later than 5 years

93

130

– Later than 5 years

201

333

 

321

497

Future aggregate minimum sublease payments
expected to be received under operating subleases

11

10

The future aggregate minimum lease receivables
under non-cancellable operating leases are as follows:

 

 

– Not later than 1 year

4

2

– Later than 1 year and not later than 5 years

11

10

– Later than 5 years

2

3

 

17

15

The Group leases offices and other premises under non-cancellable operating lease agreements. The leases have varying terms, escalation clauses and renewal rights.

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