Notes to the Financial Statements

For the short period 1 April 2006 to 3 March 2007

31. OPERATING LEASES

  2007
£m

2006
£m

Future aggregate minimum lease payments under non-cancellable operating leases, for leases expiring in the time frame indicated is as follows:    
Less than one year (334.1) (317.6)
Between one and five years (1,263.5) (1,199.6)
More than five years (2,608.0) (2,526.2)
Total operating leases (4,205.6) (4,043.4)

Home Retail Group leases various retail stores, offices and warehouses under non-cancellable operating lease agreements. The leases have varying terms, escalation clauses, contingent rentals and renewal rights.

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