RBS 2005 Annual Report Download - page 184

182
Notes on the accounts
Notes on the accounts continued
32 Leases (continued)
2005 2004
£m £m
Nature of operating lease assets in balance sheet
Transportation 7,742 6,185
Cars and light commercial vehicles 978 895
Other 333 585
9,053 7,665
Amounts recognised as income and expense
Finance lease receivables – contingent rental income (34) (51)
Operating lease payables – minimum payments 332 319
Contracts for future capital expenditure not provided for at the year end
Operating leases 594 423
Finance lease receivables
Unearned finance income 5,947 7,004
Accumulated allowance for uncollectable minimum lease receivables 72 68
Residual value exposures
The tables below give details of the unguaranteed residual values included in the carrying value of finance lease receivables
(see page 181) and operating lease assets (see note 18).
Year in which residual value will be recovered
After 1 year After 2 years
Within 1 but within but within After 5
year 2 years 5 years years Total
2005 £m £m £m £m £m
Operating leases
Transportation 579 912 895 3,229 5,615
Cars and light commercial vehicles 612 115 77 — 804
Other 26 21 84 21 152
Finance leases 26 32 104 231 393
1,243 1,080 1,160 3,481 6,964
2004
Operating leases
Transportation 65 400 1,257 2,527 4,249
Cars and light commercial vehicles 403 141 116 — 660
Other 27 45144126
Finance leases 50 56 114 446 666
545 601 1,538 3,017 5,701