Scottish Government consolidated accounts: 2018-2019
Annual report of consolidated financial results of the Scottish Government, its Executive Agencies and the Crown Office, prepared in accordance with IFRS.
15. Commitments Under Leases
15a. Operating Leases
Total future minimum lease payments under operating leases are given in the tables below for each of the following periods:
Obligations under operating leases comprise:
| Land | 2018-19 | 2017-18 |
|---|---|---|
| £m | £m | |
| Within one year | 8 | 8 |
| Between two and five years (inclusive) | 28 | 27 |
| After five years | 25 | 27 |
| Total | 61 | 62 |
| Buildings | ||
| Within one year | 39 | 35 |
| Between two and five years (inclusive) | 113 | 110 |
| After five years | 143 | 148 |
| Total | 295 | 293 |
| Other Commitments | ||
| Within one year | 21 | 21 |
| Between two and five years (inclusive) | 30 | 24 |
| After five years | 12 | - |
| Total | 63 | 45 |
15b. Finance Leases
Total future minimum lease payments under finance leases are given in the tables below for each of the following periods:
Obligations under finance leases comprise:
| Buildings | 2018-19 | 2017-18 |
|---|---|---|
| £m | £m | |
| Within one year | 5 | 5 |
| Between two and five years (inclusive) | 20 | 19 |
| After five years | 56 | 60 |
| Total | 81 | 84 |
| Less the interest element | (58) | (60) |
| Total | 23 | 24 |
| Other Commitments | ||
| Within one year | - | - |
| Between two and five years (inclusive) | 1 | 1 |
| After five years | - | - |
| Total | 1 | 1 |
| Less the interest element | - | - |
| Total | 1 | 1 |
This total net obligation under finance leases is analysed in Note 12.
15c. Commitments Under Leases
Within the Scottish Government core estate, the main leasing arrangements are entered into on the basis of Market Rent, often incorporating an initial rent-free period. Subsequent rent reviews are calculated on the basis of (i) the market rental value or (ii) the passing rental if the Market Rent is less than the passing rental at the time of the rent review (i.e. upwards only). The Scottish Government have some properties where the rent at review is calculated by reference to the Retail Prices Index or some other index (often also upwards only).
The ground lease covering the land at Saughton House and the Logie Weir Fish Counter are the only properties which have terms of renewal. All other leases have no terms of renewal or purchase options.
Contact
Email: alison.douglas@gov.scot
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