Annual Report 2018/19

Note 28 - Operational leases

Obligations in respect of operational leases

The parent company rents office premises in accordance with non-retractable operational lease agreements. The terms of the leases vary between three and five years, and most contracts can be extended at the end of the term of the lease at a charge that corresponds with a competitive charge.

Future total minimum lease charges for non-retractable operational lease agreements are as follows:

Within 1 year4,9034,704
Between 1 and 5 years6,53815,444
More than 5 years00