Notes to the accounts
At 30 January 2010 contracts had been entered into for future capital expenditure of £32.8m (2009: £49.6m).
John Lewis plc continues to provide lease guarantees in favour of the group’s former associate company, Ocado Limited, of £6.8m (2009: £6.8m).
31 Operating lease commitments
2010 Land and buildings 2010 Plant and machinery 2009 Land and buildings 2009 Plant and machinery
Future aggregate minimum lease payments under non-cancellable operating leases, payable: £m £m £m £m
Within one year 89.3 0.1 75.5 0.4
Later than one year and less than five years 344.2 – 289.6 0.4
After five years 1,572.3 – 1,462.9 –
Future aggregate minimum lease payments under non-cancellable operating leases, payable after five years comprise the following:
2010 Land and buildings 2009 Land and buildings
Later than five years and less than ten years 352.2 301.9
Later than ten years and less than twenty years 479.8 406.2
Later than twenty years and less than forty years 219.9 221.5
Later than forty years and less than eighty years 220.0 224.2
After eighty years 300.4 309.1
Total future sub-lease payments receivable relating to the above operating leases amounted to £17.1m (2009: £18.8m).
32 Related party transactions
The group has entered into an arrangement with the Pension Scheme Trustee to address an element of the current scheme deficit. Full details of this arrangement are set out in note 25.
Key management compensation has been disclosed in note 8.