Carphone Warehouse 2015 Annual Report Download - page 138
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Dixons Carphone plc Annual Report and Accounts 2014/15
Financial statements
Notes to the Group financial statements
136
29 Operating lease arrangements
a) The Group as a lessee
Total undiscounted future committed payments due for continuing operations are as follows:
2015 2014
Land and
buildings
£million
Other
assets
£million
Land and
buildings
£million
Other
assets
£million
Total undiscounted future committed payments due:
Within one year 361 7 93 —
Between two and five years 1,227 14 249 —
After five years 1,001 1 130 —
2,589 22 472 —
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 £42 million
(2014: £33 million).
b) The Group as a lessor
The Group has investment properties which are let to third parties on long term leases for which the minimum future income
is as follows:
2 Ma
y
2015
£million
29 March
2014
£million
Total undiscounted future minimum lease income receivable:
Within one year 1 2
In two to five years 5 8
After five years 6 12
12 22
30 Contingent liabilities
2 Ma
y
2015
£million
29 March
2014
£million
3 —
In addition to the figures shown in the table above, contingent liabilities also exist in respect of lease covenants relating to
premises assigned to third parties.