RBS 2012 Annual Report Download - page 448

446
Notes on the consolidated accounts continued
28 Leases continued
Residual value exposures
The table below gives details of the unguaranteed residual values included in the carrying value of finance lease receivables (see pages 388 to 391)
and operating lease assets (see pages 424 to 426).
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
2012 £m £m £m £m £m
Operating leases
- transportation 284 182 207 333 1,006
- cars and light commercial vehicles 317 44 49 1 411
- other 30 19 39 3 91
Finance lease contracts 38 47 148 318 551
Hire purchase agreements 1 —1 —2
670 292 444 655 2,061
2011
Operating leases
- transportation 244 314 187 3901,135
- cars and light commercial vehicles 458 75105 2640
- other 23 21 33 8 85
Finance lease contracts 26 48 147 270491
Hire purchase agreements — —1 —1
751 458 473 6702,352
2010
Operating leases
- transportation 357 457 1,834 2,097 4,745
- cars and light commercial vehicles 503 109100 9 721
- other 30 2039 13 102
Finance lease contracts 20 41 131 263 455
Hire purchase agreements — 3 70 — 73
910 6302,174 2,382 6,096
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.