EasyJet 2008 Annual Report Download - page 77

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easyJet plc
Annual report and accounts 2008
Notes to the
financial statements
continued
Commitments under finance leases
2008 2007
£million £million
Minimum lease payments fall due as follows:
Not later than one year 6.9 7.4
Later than one year but not more than five years 28.5 29.6
More than five years 91.4 89.0
126.8 126.0
Future finance charges on finance leases (24.8) (34.4)
Carrying value of finance lease liabilities 102.0 91.6
easyJet holds six aircraft under finance leases with ten year initial lease terms. Further details are given in note 15.
26 Contingent liabilities
The Group is involved in various disputes or litigation in the normal course of business. Whilst the result of such disputes cannot be predicted with certainty,
management considers that the ultimate resolution of these disputes will not have a material effect on the Group’s financial position or results.
75
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