Description Page - Doosan Power Systems
Description Page - Doosan Power Systems
Description Page - Doosan Power Systems
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DOOSAN BABCOCK ENERGY<br />
Annual Report and Financial Statements 2007<br />
Notes to the financial statements continued<br />
20. Capital commitments<br />
46<br />
Company Group<br />
December March December March<br />
2007 2007 2007 2007<br />
£000 £000 £000 £000<br />
Contracted but not provided 764 328 846 334<br />
21. Contingent liabilities<br />
In the ordinary course of business the Group has guarantees and counter indemnities in respect of bonds relating to performance under contracts.<br />
The Group also enters into forward exchange contracts to reduce its risk and exposure to fluctuations in exchange rates, which accrue in the ordinary<br />
course of business.<br />
22. Leasing<br />
Company Group<br />
December March December March<br />
2007 2007 2007 2007<br />
£000 £000 £000 £000<br />
a) Finance leases<br />
The net obligations under finance leases were as follows:<br />
Amounts payable:<br />
within one year 230 230 230 244<br />
between one and five years 207 379 207 379<br />
437 609 437 623<br />
b) Operating leases<br />
Annual commitments under non-cancellable operating leases were as follows:<br />
Leases on land and buildings expiring:<br />
within one year 23 86 45 250<br />
between one and five years 103 129 830 308<br />
after five years 2,914 2,813 2,914 2,813<br />
Leases on other assets expiring:<br />
within one year 147 283 167 301<br />
between one and five years 960 696 1,044 754<br />
The majority of leases on land and buildings are subject to rent reviews.<br />
4,147 4,007 5,000 4,426
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