RBS 2011 Annual Report Download - page 443

RBS Group 2011 441
Other contractual cash obligations
The table below summarises the Group's other contractual cash obligations by payment date.
2011
0-3 months
£m
3-12 months
£m
1-3 years
£m
3-5 years
£m
5-10 years
£m
10-20 years
£m
Operating leases 208 260 802 651 1,234 1,480
Contractual obligations to purchase goods or services 111 372 548 93 6 —
319 632 1,350 744 1,240 1,480
2010
Operating leases 132 365 837 678 1,178 1,714
Contractual obligations to purchase goods or services 104 336 484 26 — —
236 701 1,321 704 1,178 1,714
The Group's undrawn formal facilities, credit lines and other commitments to lend were £239,963 million (2010 - £266,822 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.
US dollars per £1 January
2012
December
2011
November
2011
October
2011
September
2011
August
2011
Noon Buying Rate
High 1.5754 1.5698 1.6076 1.6141 1.6190 1.6591
Low 1.5301 1.5386 1.5467 1.5398 1.5358 1.6169
2011 2010 2009 2008 2007
Noon Buying Rate
Period end rate 1.5537 1.5392 1.6167 1.4619 1.9843
Average rate for the year (1) 1.6105 1.5415 1.5707 1.8424 2.0073
Consolidation rate (2)
Period end rate 1.5475 1.5524 1.6222 1.4604 2.0043
Average rate for the year 1.6039 1.5455 1.5657 1.8528 2.0015
Notes:
(1) The average of the Noon Buying Rates on the last US business day of each month during the year.
(2) The rates used by the Group for translating US dollars into sterling in the preparation of its financial statements.
(3) On 21 February 2012, the Noon Buying Rate was £1.00 = US$1.5796.