The Learning and Skills Councils Annual Report and Accounts for ...

17 Operating lease commitments
Total future minimum lease payments due under operating leases are given in the table below within each of the
following periods.
Obligations under operating leases at 31 March comprise:
Year ended
31 March 2010
£’000
Year ended
31 March 2009
£’000
a) Land and buildings
Not later than one year 12,464 13,684
Later than one year and not later than five years 41,234 44,685
Later than five years 33,780 43,867
Total 87,478 102,236
b) Others
Not later than one year 105 325
Later than one year and not later than five years 84 134
Later than five years 0 0
Total 189 459
Leases for those properties continuing in use will transfer to the Skills Funding Agency. Leases for those properties which
become surplus to requirements on the closure of the LSC will transfer to BIS.
18 Capital commitments
Commitments for capital expenditure administered by the LSC at the end of the period were as follows:
As at
31 March 2010
£’000
As at
31 March 2009
£’000
Payable within one year
Authorised and contracted for 0 0
0 0
Payable between two to five years
Authorised and contracted for 0 0
0 0
74 LSC Annual Report and Accounts 2009–10