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

35. Commitments

At the balance sheet date there were no commitments for capital expenditure contracted for but not yet incurred.

The Group leases various offices and warehouses under non-cancellable operating lease agreements. The leases have varying terms and renewal rights. The Group also leases various plant and equipment under operating lease agreements, also with varying terms. Lease expenditure charged to the income statement was £178m (2016: £186m).

The future aggregate minimum lease payments in respect of operating leases are as follows:

 

All figures in £ millions

   2017      2016  

Not later than one year

     156        174  

Later than one year and not later than two years

     139        147  

Later than two years and not later than three years

     121        129  

Later than three years and not later than four years

     100        115  

Later than four years and not later than five years

     86        96  

Later than five years

     599        661  
  

 

 

    

 

 

 
     1,201        1,322  
  

 

 

    

 

 

 

 

In the event that the Group has excess capacity in its leased offices and warehouses it will enter into sub-lease contracts in order to offset costs. The future aggregate minimum sub-lease payments expected to be received under non-cancellable sub-leases are as follows:

 

All figures in £ millions

   2017      2016  

Not later than one year

     45        44  

Later than one year and not later than two years

     45        46  

Later than two years and not later than three years

     40        44  

Later than three years and not later than four years

     35        39  

Later than four years and not later than five years

     33        34  

Later than five years

     138        155  
  

 

 

    

 

 

 
     336        362