Notes to the group financial statements l Note 6.5

6.5 Operating lease commitments
 

Leases, where substantially all of the risks and rewards of ownership are retained by the lessor, are classified as operating leases. Rentals payable under operating leases are charged to profit or loss on a straight-line basis over the term of the relevant lease.

Sub-lease income is recognised in profit or loss on a straight-line basis over the term of the lease.

In all significant operating lease arrangements in place during the year, the group acted as the lessee.
 

The group leases various premises and sites under non-cancellable/cancellable operating lease agreements. The leases have varying terms, escalation clauses and renewal rights. Penalties are chargeable on certain leases should they be cancelled before the end of the agreement.

   2017 
Rm  		    2016 
Rm 		   
The future aggregate minimum lease payments under non-cancellable operating lease arrangements are as follows:             
Not later than one year  9 066     10 712    
Later than one year but no later than five years  34 576     59 919    
Later than five years  51 335     53 462    
   94 977     124 093    

Notes to the group financial statements l Note 6.5