UK GAAP Parent Company Financial Statements: Note 9
For the Year Ended 31 December 2007
9. Provisions for Liabilities
| Property Lease 2007 £'000 |
Property Lease 2006 £'000 |
|
|---|---|---|
| At 1 January | 40 | 998 |
| Provided in year | 450 | - |
| Utilised in year | (40) | (958) |
| At 31 December | 450 | 40 |
The property lease provision represents the estimated excess of rent payable on surplus property leases, dilapidation provisions where they exist, less rent received via sub leases. £307,000 of these liabilities are due within one year.