RBS 2008 Annual Report Download - page 278

277RBS Group Annual Report and Accounts 2008
Other contractual cash obligations
The table below summarises the Group’s other contractual cash obligations by payment date.
Group
0-3 months 3-12 months 1-3 years 3-5 years 5-10 years 10-20 years
2008 £m £m £m £m £m £m
Operating leases 146 433 976 751 1,448 1,851
Contractual obligations to purchase goods or services 237 892 486 208 303 1
383 1,325 1,462 959 1,751 1,852
2007
Operating leases 90 268 655 569 1,060 1,958
Contractual obligations to purchase goods or services 441 1,007 748 199 52
531 1,275 1,403 768 1,065 1,960
The Group’s undrawn formal facilities, credit lines and other commitments to lend were £352,398 million (2007 – £332,811 million). While the Group
has given commitments to provide these funds, some facilities may be subject to certain conditions being met by the counterparty. The Group does
not expect all facilities to be drawn, and some may lapse before drawdown.
Exchange rates
Except as stated, the following tables show, for the dates or periods indicated, the Noon Buying Rate in New York for cable transfers in sterling as
certified for customs purposes by the Federal Reserve Bank of New York.
January December November October September August
US dollars per £1 2009 2008 2008 2008 2008 2008
Noon Buying Rate
High 1.5254 1.5457 1.6156 1.7804 1.8558 1.9743
Low 1.3658 1.4395 1.4789 1.5472 1.7497 1.8190
2008 2007 2006 2005 2004
Noon Buying Rate
Period end rate 1.4619 1.9843 1.9586 1.7188 1.9160
Average rate for the period (1) 1.8424 2.0073 1.8582 1.8147 1.8356
Consolidation rate (2)
Period end rate 1.4604 2.0043 1.9651 1.7214 1.9346
Average rate for the period 1.8528 2.0015 1.8436 1.8198 1.8325
Notes:
(1) The average of the Noon Buying Rates on the last business day of each month during the period.
(2) The rates used by the Group for translating US dollars into sterling in the preparation of its financial statements.
(3) On 25 February 2009, the Noon Buying Rate was £1.00 = US$1.4408.