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Financial Statements 111
37. Operating lease arrangements
2008 2007
Vehicles,
Vehicles,
plant and
plant and
Property equipment Property equipment
Group £m £m £m £m
Future aggregate minimum lease payments under non-cancellable operating leases expiring:
Within one year 20.0 4.1 23.4 5.3
Later than one year but less than five years 59.3 5.9 73.4 7.9
After five years 66.5 0.3 64.6 0.1
145.8 10.3 161.4 13.3
The Company had no operating lease commitments as at 31 March 2008 (2007: nil).
2008 2007
Vehicles,
Vehicles,
plant and
plant and
Property equipment Property equipment
Group £m £m £m £m
Amounts receivable under non-cancellable operating leases expiring:
Within one year 1.1 0.4 2.6 0.5
Later than one year but less than five years 2.4 1.0 3.5 1.2
After five years 1.3 0.1 0.9 0.3
4.8 1.5 7.0 2.0
The Company had no operating lease receivables as at 31 March 2008 (2007: nil).
38. Capital and other financial commitments
Group
2008 2007
£m £m
Capital expenditure contracted for but not incurred – property, plant and equipment 8.2 1.8
Group share of capital commitments of Joint Ventures – 408.5
The Group share of capital commitments of Joint Ventures at 31 March 2007 included £385.0m for Metronet. These capital
commitments represented long-term contractual commitments under the 30-year Public Private Partnership (PPP) contract signed
with London Underground Limited on 4 April 2003, prior to Metronet’s subsequent administration.
The Group is committed to make payments for equity and debt into Special Purpose Companies under Public Private Partnership (PPP)
and Private Finance Initiative (PFI) contracts of £6.8m (2007: £27.4m).
39. Related party transactions
Details of the directors’ shareholdings, share options and remuneration are given in the Remuneration Report, which forms part
of these Financial Statements.
Transactions with the retirement benefit schemes are shown in note 29.
Details of the Company’s principal subsidiaries are shown in note 41 and principal Joint Ventures in note 42.
a) Group sales and purchases of goods and services to/from Joint Ventures
Group
2008 2007
£m £m
Sales of goods and services to Joint Ventures 43.6 123.4
Purchases of goods and services from Joint Ventures – 0.2
Introduction Reviews Governance Financial Statements Investor Information
WS Atkins plc Annual Report 2008