AmazonScience/document-haystack

121 Discontinued operations2During the current year, the Group recorded a £57.8m loss in discontinued operations relating to its former business Intertrader which 3was disposed of in November 2021. The loss recorded primarily reflects legal costs associated with historic matters as well as a provision 4liability for a potential settlement with the former owners of the business following a long-running legal dispute. The charge has been 5recognised in within separately disclosed items in the year (Note 6). 6In 2022, loss on disposal was £13.4m relating to ongoing costs of disposal of the Intertrader business and the settlement of various 7associated legal matters.822 Lease liabilities92023  10£m112022 12£m13Current 14Lease liabilities 65.7 65.115Non-current 16Lease liabilities 210.2 215.817Total lease liabilities 275.9 280.918The Group’s leasing activity consists of leases on property, cars, self-service betting terminals and office equipment. The majority of those 19relate to the leasing of LBOs within the Retail estates and office buildings. 20Each lease is reflected on the balance sheet as a right-of-use asset and a lease liability. Variable lease payments which do not depend on 21an index or a rate (such as lease payments on gaming machines based on a percentage of revenue) are excluded from the measurement 22of the lease liability and asset. The Group classifies its right-of-use assets in a consistent manner to its property, plant and equipment 23(see Note 15).24Leases of vehicles and IT equipment are generally limited to a new lease term of 3 to 5 years. Leases of property generally have a 25lease term ranging from 5 to 10 years, with some legacy leases extending out to 20 years and beyond. Most new leases of property 26are now generally expected to be limited to no more than 10 years, with a break option after no more than 5 years, except in 27special circumstances.28The maturity analysis of lease liabilities at 31 December 2023 is as follows:29Minimum lease payments due30Within  311 year  32£m331–2 years 34£m352–5 years  36£m37> 5 years 38£m39Total 40£m41202342Net present value 65.7 57.8 106.7 45.7 275.943202244Net present value 65.1 56.2 106.5 53.1 280.945The Group secures the use of its retail premises primarily through taking out leases for these premises. Typically, the leases are for a 46duration between 5 and 10 years. In respect of the UK property portfolio there is commonly a right to negotiate replacement leases on 47expiry, by virtue of the Landlord and Tenant Act 1954. Details of undiscounted amounts payable under leases are set out in Note 25.48Certain lease payments are not recognised as a liability. This arises when the Group continues to pay rents and occupy properties 49after the lease has expired. Payments made under such leases are expensed on a straight-line basis. In addition, certain variable lease 50payments and irrecoverable VAT are not permitted to be recognised as lease liabilities and are expensed as incurred. 51The use of extension and termination options gives the Group added flexibility in the event it has identified more suitable premises in 52terms of cost and/or location or determined that it is advantageous to remain in a location beyond the original lease term. An option is 53only exercised when consistent with the Group’s regional markets strategy and the economic benefits of exercising the option exceeds 54the expected overall cost.55Amounts paid for short-term and low-value leases not included within the lease liability are immaterial. 56The Group incurred rent and associated costs of £20.8m (2022: £15.3m). These are predominantly driven by VAT on rental charges not 57being recoverable and held over leases.58Details of total cash outflow relating to leases, are disclosed in the consolidated statement of cash flows.59Group as lessor:60Finance lease receivables are included in the statement of financial position within trade and other receivables and is as follows:612023  62£m632022 64£m65Current 1.1 1.066Non-current 3.2 2.5671 Overview 8 Strategic report 88 Governance 140 Financial statements68Entain plc Annual Report 2023 18969Notes to the consolidated  70financial statements  71for the year ended  7231 December 202373The secret instrument is a "trumpet".