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Leases
6 Months Ended
Jun. 30, 2019
Text block [abstract]  
Leases
13.

Leases

The movements in the six months ended 30 June 2019 were as follows:

Right-of-use assets:

 

      Land and
buildings
    Plant and
machinery
    Total  
      £m     £m     £m  

1 January 2019

     1,862.5       32.6       1,895.1  

Additions

     109.6       9.4       119.0  

Disposals

     (20.3     (0.2     (20.5

Depreciation of right-of-use assets

     (158.5     (9.9     (168.4

30 June 2019

     1,793.3       31.9       1,825.2  

Lease liabilities:

 

      Land and
buildings
    Plant and
machinery
    Total  
      £m     £m     £m  

1 January 2019

     2,294.4       31.8       2,326.2  

Additions

     136.7       7.9       144.6  

Interest expense related to lease liabilities

     51.1       0.6       51.7  

Disposals

     (21.0     (0.3     (21.3

Repayment of lease liabilities (including interest)

     (148.4     (7.1     (155.5

30 June 2019

     2,312.8       32.9       2,345.7  

The following table shows the breakdown of the lease expense between amounts charged to operating profit and amounts charged to finance costs:

 

     

Six months

ended

30 June

2019

 
      £m  

Depreciation of right-of-use assets

  

Land and buildings

     (158.5

Plant and machinery

     (9.9

Short-term lease expense

     (56.9

Low-value lease expense

     (1.7

Variable lease expense

     (41.2

Sublease income

     9.9  

Charge to operating profit

     (258.3

Interest expense related to lease liabilities

     (51.7

Charge to profit before taxation for leases

     (310.0

 

The maturity of lease liabilities at 30 June 2019 were as follows:

 

     

30 June

2019

 
      £m  

Period ending 31 December

  

2019

     217.1  

2020

     414.3  

2021

     357.9  

2022

     313.0  

2023

     267.1  

2024

     217.2  

Later years

     1,452.9  
     3,239.5  

Effect of discounting

     (893.8

Lease liability at 30 June 2019

     2,345.7  

Short-term lease liability

     388.4  

Long-term lease liability

     1,957.3  

The Group does not face a significant liquidity risk with regard to its lease liabilities. Refer to note 23 for management of liquidity risk.