Note 27
27. Operating Leases
| Gross leasing commitments |
Land and
buildings
£m |
Other
£m |
Total
2005
£m |
2004(1)
£m |
| Within one year |
0.5 |
0.1 |
0.6 |
1.3 |
| Between two to five years |
3.7 |
0.9 |
4.6 |
5.3 |
| More than five years |
9.5 |
- |
9.5 |
8.4 |
| |
13.7 |
1.0 |
14.7 |
15.0 |
(1) Leasing commitments at 31 December 2004 comprised £14.5 million of land and buildings and £0.4 million of other commitments.
| Leasing income |
Land and
buildings
£m |
Other
£m |
Total
2005
£m |
2004
£m |
| Within one year |
- |
- |
- |
- |
| Between two to five years |
- |
0.5 |
0.5 |
0.1 |
| More than five years |
- |
- |
- |
- |
| |
- |
0.5 |
0.5 |
0.1 |
The Group leases a number of office, warehouse and factory facilities under operating leases. None of the leases include contingent rentals.
One of the leased properties has been sublet by the Group. The lease expires in December 2015 and sublease expires in July 2006.
During the year ended 31 December 2005, £3.4 million (2004: £3.6 million) was recognised as an expense in respect of operating leases and £0.2 million (2004: £0.1 million) was recognised as income in respect of subleases in the income statement.
Information correct at 03/05/2006