Notes to the accounts
for the year ended 31 December 2007
19. Leasing receivables
| 2007 | 2006 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Minimum lease
payments £mn |
Unearned
finance income £mn |
Present value
of minimum lease payments £mn |
Minimum lease
payments £mn |
Unearned
finance income £mn |
Present value
of minimum lease payments £mn |
||||||
| Maturing in: | |||||||||||
| Less than 1 year | - | - | - | 1.9 | (0.2) | 1.7 | |||||
| 1-5 years | - | - | - | 2.8 | (0.9) | 1.9 | |||||
| More than 5 years | - | - | - | 3.5 | (0.2) | 3.3 | |||||
| - | - | - | 6.3 | (1.1) | 5.2 | ||||||
| - | - | - | 8.2 | (1.3) | 6.9 | ||||||
Until its remaining leases were sold during the year, the Group provided leasing facilities through the use of finance leases. The majority of leases held during the year related to refrigeration equipment, commercial vehicles and film leases.