RBS 2010 Annual Report Download - page 365

Residual value exposures
The tables below give details of the unguaranteed residual values included in the carrying value of finance lease receivables (see pages 300 to 303)
and operating lease assets (see pages 338 and 339).
Year in which residual value will be recovered
Within 1
year
After 1 year
but within
2 years
After 2 years
but within
5 years
After 5
years Total
2010 £m £m £m £m £m
Operating leases
- transportation 357 457 1,834 2,097 4,745
- cars and light commercial vehicles 503 109 100 9 721
- other 30 20 39 13 102
Finance lease contracts 20 41 131 263 455
Hire purchase agreements —3 70 — 73
910 630 2,174 2,382 6,096
2009
Operating leases
- transportation 164 327 1,607 2,255 4,353
- cars and light commercial vehicles 624 134 113 7 878
- other 31 32 40 7 110
Finance lease contracts 23 35 96 313 467
Hire purchase agreements 720 61 21 109
849 548 1,917 2,603 5,917
2008
Operating leases
- transportation 794 130 1,701 2,103 4,728
- cars and light commercial vehicles 577 195 182 8 962
- other 112 35 48 8 203
Finance lease contracts 24 29 99 341 493
Hire purchase agreements —9 25 44 78
1,507 398 2,055 2,504 6,464
The Group provides asset finance to its customers through acting as a lessor. It purchases plant, equipment and intellectual property, renting them to
customers under lease arrangements that, depending on their terms, qualify as either operating or finance leases.
363RBS Group 2010
Financial statements