Financial Statements

Notes to the Group financial statements

for the year ended 31 March 2006

Future aggregate minimum lease payments under non-cancellable operating leases are payable as follows:

32. Operating leases	2006 £m	2005 £m
Less than one year	339	302
Between one and five years	1,237	1,142
More than five years	2,544	2,569
	4,120	4,013

The Group leases various retail outlets, offices and warehouses under non-cancellable operating lease agreements. The leases have varying terms, escalation clauses and renewal rights.