42 COMMITMENTS.


(i) Capital commitments

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2011
£m

2010
£m

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

 

 

– Long term business

13

17

(ii) Operating lease commitments

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2011
£m

2010
£m

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

 

 

– Not later than 1 year

26

27

– Later than 1 year and not later than 5 years

85

83

– Later than 5 years

190

183

 

301

293

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

10

11

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

 

 

– Not later than 1 year

3

3

– Later than 1 year and not later than 5 years

6

10

– Later than 5 years

1

 

9

14

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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