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Operating leases
12 Months Ended
Dec. 31, 2017
Text block1 [abstract]  
Operating leases

28. Operating leases

During the year ended 31 December 2017, $86m (2016: $84m, 2015: $77m) was recognised as an expense in the Group income statement in respect of operating leases, net of amounts borne directly by the System Fund. The expense includes contingent rents of $32m (2016: $32m, 2015: $29m). $2m (2016: $2m, 2015: $3m) was recognised as income from sub-leases.

Future minimum lease payments under non-cancellable operating leases are as follows:

 

     2017
$m
     2016
$m
 

Due within one year

     56        53  

One to two years

     46        49  

Two to three years

     45        43  

Three to four years

     60        41  

Four to five years

     30        58  

More than five years

     297        346  
  

 

 

    

 

 

 
     534        590  
  

 

 

    

 

 

 

In addition, in certain circumstances the Group is committed to making additional lease payments that are contingent on the performance of the hotels that are being leased.

The average remaining term of these leases, which generally contain renewal options, is approximately 15 years (2016: 17 years). No material restrictions or guarantees exist in the Group’s lease obligations.

Total future minimum rentals expected to be received under non-cancellable sub-leases are $4m (2016: $4m).