Stupid Question - Operating Lease Disclosure

JamesB

Quick question.

Say I have an operating lease which I take out at the end of the accounting year that is for 6 years @ £10k per annum.

In the disclosure do I put

due <1 yr £10k
due 2-5yrs £40k
due >5yrs £10k

Just want to be sure :thumbup1:

J

deanshepherd

Disclosure is not my strong point but..

I think you just state the annual commitment of leases expiring.

e.g. Expiring > 5yrs £10k