Notes to the Group financial statements

11 Capital commitments

  2009
£m		 2008
£m
Contracts placed for future capital expenditure not provided in the financial statements 321 102

Included above are capital commitments for investment property of £1m (2008: £7m) and £46m for future capital expenditure on the new IT systems.

During the period, Morrisons entered into an agreement with the Co-operative Group to acquire over half a million square feet of additional selling space through the purchase of a number of Co-operative Group and former Somerfield stores, at a cost of £223m. A deposit of £22m was paid during the year and has been classified within debtors.

The completion is dependent on obtaining certain approvals and the transaction and associated payments are expected to complete in the next financial year.

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