Aviva 2007 Annual Report Download - page 216
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51 – Commitments
This note gives details of our commitments to capital expenditure and under operating leases.
(a) Capital commitments
Contractual commitments for acquisitions or capital expenditures of investment property, property and equipment and
intangible assets, which have not been recognised in the financial statements, are as follows:
2007 2006
£m £m
Investment property 55 135
Property and equipment 160 152
215 287
Contractual obligations for future repairs and maintenance on investment properties are £nil (2006: £3 million).
The Group has capital commitments to its joint ventures of £nil (2006: £nil) and to other investment vehicles of
£157 million (2006: £14 million).
(b) Operating lease commitments
(i) Future contractual aggregate minimum lease rentals receivable under non-cancellable operating leases are as follows:
2007 2006
£m £m
Within 1 year 644 448
Later than 1 year and not later than 5 years 1,879 1,597
Later than 5 years 3,265 3,423
5,788 5,468
(ii) Future contractual aggregate minimum lease and associated payments under non-cancellable operating leases are as
follows:
2007 2006
£m £m
Within 1 year 82 108
Later than 1 year and not later than 5 years 254 386
Later than 5 years 853 873
1,189 1,367
The total of future minimum sub-lease payments expected to be received under
non-cancellable sub-leases 159 200
Aviva plc
Annual Report and
Accounts 2007
212
Financial
statements
Notes to the consolidated financial statements continued