Highways Agency Annual Report and Accounts 2011-2012

Financial Statements: SECTION 10
16 Capital Commitments
Contracted capital commitments at 31 March 2012
not otherwise included in these accounts:
31 Mar 2012 31 Mar 2011
£000 £000
Property, plant and equipment 229,913 418,054
17 Commitments under Leases
The Agency has the following future lease commitments under non-cancellable operating leases:
31 Mar 2012 31 Mar 2011
Obligations under operating Land and Other Land and Other
leases comprise: Buildings Buildings
£000 £000 £000 £000
Not later than one year 8,644 19 7,258 195
Later than one year and not later than five years 34,183 14 33,892 305
Later than five years 59,219 - 66,718 -
102,046 33 107,868 500
The Agency has the following minimum lease payments under finance leases:
31 Mar 2012 31 Mar 2011
Obligations under finance Land and Other Land and Other
leases comprise: Buildings Buildings
£000 £000 £000 £000
Not later than one year - - - 998
Later than one year and not later than five years - - - 307
Later than five years - - - -
- - - 1,305
Highways Agency Annual Report and Accounts 2011-12