| Minimum lease payments | Carrying amount | |||
|---|---|---|---|---|
| As at 2 January 2010 $ million |
As at 3 January 2009 $ million |
As at 2 January 2010 $ million |
As at 3 January 2009 $ million |
|
| Amounts payable under finance leases | ||||
| Within one year | 1.3 | 1.9 | 1.0 | 1.5 |
| In the second to fifth years, inclusive | 2.0 | 4.0 | 1.1 | 2.8 |
| After more than five years | 3.3 | 3.6 | 2.5 | 2.6 |
| 6.6 | 9.5 | 4.6 | 6.9 | |
| Less: Future finance charges | (2.0) | (2.6) | – | – |
| 4.6 | 6.9 | 4.6 | 6.9 | |
The Group leases certain of its plant, equipment and vehicles under finance leases. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments. As at 2 January 2010, the average effective interest rate was 7.0% (3 January 2009: 6.6%).
The Group's obligations under finance leases are secured by the lessors' title to the leased assets.