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Annual Report Accounts 2012 - Tribal

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92<strong>Tribal</strong> Group plc <strong>Annual</strong> <strong>Report</strong> and <strong>Accounts</strong> <strong>2012</strong> | Notes to the financial statementsNotes to the financial statements continued32. Capital and other commitmentsThere are no capital commitments at 31 December <strong>2012</strong> (2011: £nil).<strong>2012</strong>£’0002011£’000The Group as lesseeMinimum lease payments under operating leases recognised as an expense in the year 1,798 3,258At the balance sheet date, the Group had outstanding commitments for future minimum lease payments under noncancellableoperating leases which fall due as follows:<strong>2012</strong>£’0002011£’000Within one year 193 322In the second to fifth years inclusive 2,578 3,894After five years 2,227 6,2034,998 10,419Operating lease payments mainly represent rentals payable by the Group for certain of its office properties. Leases arenegotiated for an average term of five years and rentals are fixed for an average of three years.The Group as lessorThe Group has sub-let certain properties previously used in its discontinued businesses, with rental income earned during theyear totalling £1,125,000 (2011: £639,000). At the balance sheet date, the Group had contracted with tenants for the followingfuture minimum lease payments:<strong>2012</strong>£’0002011£’000Within one year 35 13In the second to fifth years inclusive - 79135 804

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