Page 65 - RFU Annual Report 2015/2016

Financial Statements
63

24. Share capital
2016 2015
Allotted, called up and fully paid £m £m

2,000 Allotted, called up and fully paid shares of £1 each - -

There are a total of 2,000 allotted, issued and fully paid up ordinary shares of £1 each as at 30 June 2015 and at 30 June 2016.
Each member of the Rugby Football Union must hold one share which is subject to forfeiture on ceasing to be a member.

25. Operating lease and other commitments
Restated
Future minimum rentals payable under non-cancellable operating leases are as follows: 2016 2015
£m £m
Operating lease arrangements where Group and Parent are lessees

Properties
Group and Parent
Within one year - 0.4

- 0.4

Motor vehicles
Group
Within one year 1.9 1.0
Between two and five years - 0.6

1.9 1.6

Parent
Within one year 0.6 0.3
Between two and five years - 0.2

0.6 0.5

26. Reserves

Debentures reserve
The Pre 2000 debenture reserve comprises the accumulated proceeds on the sale of debentures issued prior to 2000.

Other reserve
This other reserve records amounts recognised directly in reserves on recognition of liabilities in respect of obligations
to aquire non-controlling interests in subsidiaries.

Profit and loss reserve
This reserve records the accumulated gains and losses to date through the statement of total comprehensive income.

Annual Report 2015/16