43 Commitments.

43 Commitments.

(i) Capital commitments

(XLS:) Commitments – Capital commitments

 

2013
£m

2012
£m

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

 

 

– Long term business

193

188

(ii) Operating lease commitments

(XLS:) Commitments – Operating lease commitments

 

2013
£m

2012
£m

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

 

 

– Not later than 1 year

30

26

– Later than 1 year and not later than 5 years

103

92

– Later than 5 years

468

362

 

601

480

 

 

 

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

157

97

 

 

 

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

 

 

– Not later than 1 year

342

297

– Later than 1 year and not later than 5 years

1,167

987

– Later than 5 years

3,489

2,648

 

4,998

3,932

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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