Carphone Warehouse 2016 Annual Report Download - page 141
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139
28 Related party transactions
Transactions between the Group’s subsidiary undertakings, which are related parties, have been eliminated on consolidation and
accordingly are not disclosed. See note 5a for details of related party transactions with key management personnel.
The Group had the following transactions and balances with its associates:
30 April
2016
£million
2 Ma
y
2015
£million
Revenue for services provided 24 8
A
mounts owed to the Group 2 —
All transactions entered into with related parties were completed on an arm’s length basis.
29 Capital commitments
30 April
2016
£million
2 Ma
y
2015
£million
Contracted for but not provided for in the accounts 39 55
30 Operating lease arrangements
a) The Group as a lessee
Total undiscounted future committed payments due for continuing operations are as follows:
30 April
2016
2 Ma
y
2015
Land and
buildings
£million
Other
assets
£million
Land and
buildings
£million
Other
assets
£million
Total undiscounted future committed payments due:
Within one year 350 7 361 7
Between two and five years 1,126 10 1,227 14
After five years 785 — 1,001 1
2,261 17 2,589 22
Operating lease commitments represent rentals payable for retail, distribution and office properties, as well as vehicles,
equipment and office equipment. Contingent rentals are payable on certain retail store leases based on store revenues and
figures shown include only the minimum rental component.
The above figures include committed payments under onerous lease contracts for which provisions or accruals exist on the
balance sheet, including those for businesses exited.
The future minimum sub-lease payments expected to be received under non-cancellable sub-leases is £21 million
(2015: £42 million).
00_DC 2016 Annual Report.pdf 139 11/07/2016 18:34