Note 21 Leasing commitments

a) Finance leases

The future minimum finance lease payments to which the group was committed at 22 February 1997 and which have been guaranteed by Tesco PLC are:

		£m
	_________________
Gross rental obligations		96
Deduct finance charges allocated to future periods		20
	_________________
		76
	_________________

	1997 £m	1996 £m
Net amounts payable are:	___________________________________
Within one year	21	20
Between one and five years	47	65
After five years	8	11
	___________________________________
	76	96
	___________________________________

b) Operating leases

Group commitments during the 53 weeks to 28 February 1998 in terms of lease agreements expiring are as follows:

	1997 £m	1996 £m
	___________________________________
Within one year	2	4
Between one and five years	10	10
After five years	121	104
	___________________________________
	133	118
	___________________________________