IAS 17 para 31, certain finance lessee disclosures

Travis Perkins plc – Annual report – 31 December 2017

Industry: distribution

  1. PROPERTY, PLANT AND EQUIPMENT (extract)

The carrying amount of assets held under finance leases is analysed as follows:

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22. BORROWINGS (extract)

d. Obligations under finance leases

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The average loan term for properties held under finance leases is 49 years (2016: 48 years) and the average borrowing rate is determined at the inception of the lease is 9.0%. Interest rates are fixed at the contract date. All lease obligations, which are denominated in sterling, are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

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