51 Commitments.

(i) Capital commitments

(XLS:) Commitments – capital commitments

 

2012
£m

2011
£m

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

 

 

– Long term business

188

13

(ii) Operating lease commitments

(XLS:) Commitments – operating lease commitments

 

2012
£m

20111
£m

1.

The presentation of operating lease commitments has been amended to include minimum lease receivables associated with investment property owned by the UK LTF and operating lease payments associated with Suffolk Life Group Plc.

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

92

91

– Later than 5 years

362

388

 

480

506

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

10

10

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

 

 

– Not later than 1 year

297

284

– Later than 1 year and not later than 5 years

987

1,018

– Later than 5 years

2,648

2,475

 

3,932

3,777

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