28 Operating lease commitments
The Group has entered into commercial leases on certain properties, equipment and aircraft. These leases have durations ranging from five years for aircraft to 150 years for ground leases. Certain leases contain options for renewal.
a Fleet
The aggregate payments, for which there are commitments under operating leases as at March 31, fall due as follows:
| Group | Company | |||
|---|---|---|---|---|
| £ million | 2008 | 2007 | 2008 | 2007 |
| Within one year | 77 | 81 | 62 | 65 |
| Between one and five years | 169 | 141 | 143 | 103 |
| Over five years | 17 | 27 | 17 | 27 |
| 263 | 249 | 222 | 195 | |
b Property and equipment
The aggregate payments, for which there are commitments under operating leases as at March 31, fall due as follows:
| Group | Company | |||
|---|---|---|---|---|
| £ million | 2008 | 2007 | 2008 | 2007 |
| Within one year | 86 | 88 | 82 | 83 |
| Between one and five years | 244 | 181 | 229 | 165 |
| Over five years, ranging up to the year 2145 | 1,612 | 1,483 | 1,603 | 1,471 |
| 1,942 | 1,752 | 1,914 | 1,719 | |
The Group and Company sub-leases surplus rental properties and aircraft assets held under non-cancellable leases to third parties and subsidiary companies. These leases have remaining terms of one to eight years and the assets are surplus to the Group’s requirements.
Future minimum rentals receivable under non-cancellable operating leases are as follows:
| Group | Company | |||
|---|---|---|---|---|
| £ million | 2008 | 2007 | 2008 | 2007 |
| Fleet | ||||
| Within one year | 6 | 6 | 1 | 2 |
| Between one and five years | 13 | 16 | 2 | |
| 19 | 22 | 3 | 2 | |
| Property and equipment | ||||
| Within one year | 5 | 2 | 5 | 1 |
| Between one and five years | 19 | 4 | 19 | 4 |
| Over five years | 1 | 1 | 1 | 1 |
| 25 | 7 | 25 | 6 | |