Aviva 2009 Annual Report Download - page 249

247
Performance review
Aviva plc Notes to the consolidated financial statements continued
Corporate responsibility
Annual Report and Accounts 2009
Governance
Shareholder information
Financial statements IFRS
Financial statements MCEV
Other information
52 – 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:
2009
£m
2008
£m
2007
£m
Investment property
Property and equipment
Intangible assets
66
255
4
7
108
23
55
160
—
325 138 215
Contractual obligations for future repairs and maintenance on investment properties are £1 million (2008: £1 million, 2007: £nil) .
The Group has capital commitments to its joint ventures of £nil
(2008: £nil, 2007: £nil) and to other investment vehicles of
£33 million
(2008: £48 million, 2007: £157 million) .
(b) Operating lease commitments
(i) Future contractual aggregate minimum lease rentals receivable under non-cancellable operating leases are as follows:
2009
£m
2008
£m
2007
£m
Within 1 year
Later than 1 year and not later than 5 years
Later than 5 years
551
1,505
2,456
590
1,761
2,880
644
1,879
3,265
4,512 5,231 5,788
(ii) Future contractual aggregate minimum lease payments under non-cancellable operating leases are as follows:
2009 2008 2007
£m £m £m
Within 1 year
Later than 1 year and not later than 5 years
Later than 5 years
145
463
834
207
626
971
161
555
1,107
1,442 1,804 1,823
The total of future minimum sub-lease payments expected to be received under non-cancellable sub-leases. 83 89 159
Financial statements IFRS