Annual Report and Accounts 2012/13 - Royal Bournemouth Hospital

Financial Accounts8 Operating leases8.1 Operating leases as lesseeThe Foundation Trust leases some medical equipment and vehicles under noncancellableoperating leases. The leases are between 3-5 years. None of the leasesinclude contingent rents or onerous restrictions on the Foundation Trust’s use of theassets concerned. The expenditure charged to the Statement of ComprehensiveIncome during the year is disclosed below:2012/13 2011/12£’000 £’000Total operating leases 231 346The future aggregate minimum lease payments undernon-cancellable operating leases are as follows:No later than one year 59 99Between 1 and 5 years 201 60Over 5 years 43 0Total 303 1598.2 Operating leases as lessorThe Foundation Trust owns some properties from which rental income is derived.These are properties are leased out to members of staff and the contracts are normallybetween one and six months. The Foundation Trust also leases some office spacesto some contractors and service providers at the hospital sites. None of the leasesinclude contingent rents and there are no onerous restrictions. The income recognisedthrough the Statement of Comprehensive Income during the year is disclosed as:2012/13 2011/12£’000 £’000Accommodation operating leases 675 721The future aggregate minimum lease paymentsunder non-cancellable operating leases are as follow:No later than one year 673 686Between one and five years 420 420Over 5 years 445 494Total 1,538 1,600Annual Report and Accounts 2012/13 35