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34. Commitments
Capital commitments
Capital expenditure contracted for at the balance sheet date but not yet incurred is as follows:
| All figures in £ millions | 2007 | 2006 |
|---|---|---|
| Property, plant and equipment | 3 | – |
The Group leases various offices and warehouses under non-cancellable operating lease agreements. The leases have varying terms and renewal rights. The Group also leases various plant and equipment under operating lease agreements, also with varying terms. The lease expenditure charged to the income statement during the year is disclosed in note 4.
The future aggregate minimum lease payments in respect of operating leases are as follows:
| All figures in £ millions | 2007 | 2006 |
|---|---|---|
| Not later than one year | 123 | 123 |
| Later than one year and not later than two years | 116 | 113 |
| Later than two years and not later than three years | 102 | 103 |
| Later than three years and not later than four years | 93 | 90 |
| Later than four years and not later than five years | 85 | 83 |
| Later than five years | 834 | 857 |
| 1,353 | 1,369 |