Notes 31-39
- 31. Reconciliations of net cash flows from operating activities
- 32. Commitments
- 33. Contingent liabilities
- 34. Directors and key management compensation
- 35. Related party transactions
- 36. Employees
- 37. Subsequent events
- 38. New accounting standards
- 39. Change in accounting policy
32. Commitments
Operating lease commitments
The Group has entered into commercial leases on certain properties, network infrastructure, motor vehicles and items of equipment. The leases have various terms, escalation clauses, purchase options and renewal rights, none of which are individually significant to the Group.
Future minimum lease payments under non-cancellable operating leases comprise:
| 2009 £m |
2008 £m |
|
|---|---|---|
| Within one year | 1,041 | 837 |
| In more than one year but less than two years | 812 | 606 |
| In more than two years but less than three years | 639 | 475 |
| In more than three years but less than four years | 539 | 415 |
| In more than four years but less than five years | 450 | 356 |
| In more than five years | 2,135 | 1,752 |
| 5,616 | 4,441 |
The total of future minimum sublease payments expected to be received under non-cancellable subleases is £197 million (2008: £154 million).
Capital and other financial commitments
| Company and subsidiaries | Share of joint ventures | Group | ||||||
|---|---|---|---|---|---|---|---|---|
| 2009 £m |
2008 £m |
2009 £m |
2008 £m |
2009 £m |
2008 £m |
|||
| Contracts placed for future capital expenditure not provided in the financial statements(1) | 1,706 | 1,477 | 401 | 143 | 2,107 | 1,620 | ||
Note:
- (1)
- Commitment includes contracts placed for property, plant and equipment and intangible assets.