42 Commitments.


(i) Capital commitments

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2010
£m

2009
£m

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

 

 

– Long term business

17

16

(ii) Operating lease commitments

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2010
£m

2009
£m

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

 

 

– Not later than 1 year

27

27

– Later than 1 year and not later than 5 years

83

93

– Later than 5 years

183

201

 

293

321

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

11

11

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

 

 

– Not later than 1 year

3

4

– Later than 1 year and not later than 5 years

10

11

– Later than 5 years

1

2

 

14

17

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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