Travis Perkins plc – Annual report – 31 December 2017
- PROPERTY, PLANT AND EQUIPMENT (extract)
The carrying amount of assets held under finance leases is analysed as follows:
22. BORROWINGS (extract)
d. Obligations under finance leases
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.