Barclays 2006 Annual Report Download - page 219

Barclays PLC
Annual Report 2006 215
Financial statements
3
41 Leasing (continued)
(b) As Lessee (continued)
The carrying amount of assets held under finance leases at the balance sheet date was:
2006 2005
£m £m
Cost 44 77
Accumulated depreciation (25) (18)
Net book value 19 59
Operating lease commitments
The Group leases various offices, branches and other premises under non-cancellable operating lease arrangements. The leases have various terms,
escalation and renewal rights. There are no contingent rents payable. The Group also leases equipment under non-cancellable lease arrangements.
Where the Group is the lessee the future minimum lease payment under non-cancellable operating leases are as follows:
2006 2005
Property Equipment Property Equipment
£m £m £m £m
Less than one year 335 9 297 8
Between one to two years 337 9 271 7
Between two to three years 311 2 261 7
Between three to four years 268 – 242 2
Between four to five years 223 – 204 –
Over five years 2,057 – 1,672 –
Total 3,531 20 2,947 24
The total of future minimum sublease payments to be received under non-cancellable subleases at the balance sheet date is £251m (2005: £246m).
42 Consolidated cash flow statement
In order to provide more relevance to users and to enhance the comparability of its financial statement presentation, the Group has changed certain
classifications within the cash flow statement in 2006.
These changes have increased net cash from operating activities by £14,147m in 2005 (2004: £4,287m) with a corresponding decrease in net
cash used in investing activities of £111m (2004: £12m increase) and decrease in net cash from financing activities of £14,036m (2004: £4,299m).
The amounts of cash and cash equivalents in 2005 and 2004 have not been affected by the changes.
Interest received in 2006 was £38,544m (2005: £32,124m, 2004: £20,301m) and interest paid in 2006 was £29,372m (2005: £23,319m,
2004: £13,875m).