RBS 2007 Annual Report Download - page 184

28 Leases
Minimum amounts receivable and payable under non-cancellable leases.
Group
Year in which receipt or payment will occur
After 1 year
Within 1 but within After 5
year 5 years years Total
2007 £m £m £m £m
Finance lease assets:
Amounts receivable 1,297 4,968 11,648 17,913
Present value adjustment (390) (1,766) (3,187) (5,343)
Other movements (23) (144) (288) (455)
Present value amounts receivable 884 3,058 8,173 12,115
Operating lease assets:
Future minimum lease receivables 1,073 3,046 1,473 5,592
Operating lease obligations:
Future minimum lease payables:
Premises 350 1,210 3,017 4,577
Equipment 914—23
359 1,224 3,017 4,600
2006
Finance lease assets:
Amounts receivable 1,235 4,331 11,166 16,732
Present value adjustment (453) (1,648) (3,110) (5,211)
Other movements (22) (80) (295) (397)
Present value amounts receivable 760 2,603 7,761 11,124
Operating lease assets:
Future minimum lease receivables 444 2,391 2,640 5,475
Operating lease obligations:
Future minimum lease payables:
Premises 332 1,151 1,877 3,360
Equipment 76—13
339 1,157 1,877 3,373
Group
2007 2006
£m £m
Nature of operating lease assets in balance sheet
Transportation 6,859 7,414
Cars and light commercial vehicles 1,390 1,204
Other 441 291
8,690 8,909
Amounts recognised as income and expense
Finance lease receivables – contingent rental income (23) (37)
Operating lease payables – minimum payments 322 366
Contracts for future capital expenditure not provided for at the year end
Operating leases 545 1,437
Finance lease receivables
Unearned finance income 5,343 5,211
Accumulated allowance for uncollectable minimum lease receivables 63 67
Financial statements
RBS Group • Annual Report and Accounts 2007
182
Notes on the accounts continued