VEOLIA WATER UK PLC
ANNUAL REPORT FOR THE YEAR ENDING 31 DECEMBER 2002
Notes to the Financial Statements (continued) 20.
Lease and other financial commitments (continued)
The annual levels of commitments under non-cancellable operating leases are detailed in the table below: Land and buildings 31 December 31 December 2002 2001 £’000 £’000 Group Operating leases which expire: Within one year In the second to fifth years inclusive After five years
Company Operating leases which expire: Within one year In the second to fifth years inclusive After five years
21.
Other 31 December 31 December 2002 2001 £’000 £’000
27 248
248
226 2,062 -
200 1,584 -
275
248
2,288
1,784
27 248
248
12 17 -
42 -
275
248
29
42
Minority interests
In the case of holdings in ordinary stock the minority interests are stated as a relevant proportion of net assets. Non-equity interests primarily represent irredeemable preference shares which hold no voting rights. 22.
Share capital
31 December 2002 £’000
31 December 2001 £’000
Authorised 500,000 ordinary shares of £1 each
500
500
Issued, allocated and fully paid 500,000 ordinary shares of £1 each
500
500
36