Notes to the financial statements
35 Operating lease commitments
The Group leases various retail stores, offices, depots and equipment under non-cancellable operating leases. The leases have varying terms, escalation clauses and renewal rights.
| Land and buildings 2008 £m |
Land and buildings 2007 £m |
Other leases 2008 £m |
Other leases 2007 £m |
|
|---|---|---|---|---|
| Commitments under non-cancellable operating leases payable as follows: | ||||
| Within 1 year | 305 | 291 | 48 | 42 |
| Within 2 to 5 years inclusive | 1,187 | 1,125 | 82 | 82 |
| After 5 years | 4,686 | 4,679 | 2 | 7 |
| 6,178 | 6,095 | 132 | 131 |
The Group sublets certain leased properties and the total future minimum sublease payments to be received under non-cancellable subleases at 22 March 2008 are £254 million (2007: £262 million).
The Company does not have any operating lease commitments (2007: £nil).
