13 Land and Buildings
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1998 £m | 1997 £m |
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Current value: |
| Freehold | 4,317 | 4,084 |
| Leasehold with a term of over 50 years | 2,865 | 2,089 |
| Leasehold with a term of less than 50 years | 116 | 140 |
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Total | 7,298 | 6,313 |
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The cost of land and buildings was £4,971m (£4,338m). The value of land and buildings occupied by the Group was £111m (£144m).
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