Barclays 2004 Annual Report Download - page 172

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Notes to the accounts
For the year ended 31st December 2004
36 Contingent liabilities and commitments (continued)
UK obligations to purchase goods and services
The table below gives details of the Group’s obligations to purchase goods and services at 31st December 2004:
2004 2003
£m £m
Obligations payable
less than one year 296 273
over one year but not more than three years 493 377
over three years but not more than five years 193 123
over five years 103 73
1,085 846
The obligations mainly relate to contracts for the provision of services such as office supplies, telecommunications, maintenance and sponsorship
agreements.
Future rental commitments under operating leases
At 31st December 2004, the Group held various leases on land and buildings, many for extended periods, and other leases for equipment.
2004 2003
Property Equipment Property Equipment
£m £m £m £m
Annual commitments under non-cancellable operating leases expiring:
not more than one year 22 2 91
over one year but not more than five years 33 4 45 1
over five years 182 – 142 –
237 6 196 2
The aggregate rental payments outstanding at 31st December 2004 fall due as follows:
Year ended 31st December
Total
2005 2006 2007 2008 2009 thereafter
£m £m £m £m £m £m
Aggregate rental payments 243 216 200 190 176 1,657
The aggregate rental payments above include the lease commitment for the new headquarters at 1 Churchill Place. The rentals for
leasehold land, buildings and equipment, included in operating expenses for the year ended 31st December 2004, amounted to £206m
(2003: £192m, 2002: £192m).