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Finance Lease Receivables | 12 Months Ended
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Dec. 31, 2018
Finance Lease Receivables [Abstract] |
Finance Lease Receivables |
17. | Finance Lease Receivables
(1) | Finance lease contracts
The Company entered into a power purchase agreement (“PPA”) with Jordan Electric Power Company to provide a 373MW level Qatrana gas combined power plant over a 25 year lease term, and accounts for the PPA as a finance lease. Also, the Company has fly-ash pipe conduit finance leases with an average lease term of 7 years. In addition, the Company provides 31 energy storage system installation projects and 44 energy efficiency contracts as finance leases with a lease term of 2 to 10 years. Also, the Company entered into a PPA with the Comision Federal de Electricidad in Mexico to provide for 25 years (December 2013 to November 2038) of all electricity generated from the power plant after completion of its construction and collect rates consisting of fixed costs (to recover the capital) and variable costs during the contracted period.
(2) | Finance lease receivables as of December 31, 2017 and 2018 are as follows and included in current and non-current trade and other receivables, net, in the consolidated statements of financial position:
|  |  |  |  | 2017 |  |  | 2018 |
|  |  |  |  | Minimum lease payments |  |  | Present value of minimum lease payments |  |  | Minimum lease payments |  |  | Present value of minimum lease payments |
|  |  |  |  | In millions of won |
Less than 1 year |  | ￦ |  |  |  |  | 49,542 |  |  |  | 13,067 |  |  |  | 124,918 |  |  |  | 84,688 |
1 ~ 5 years |  |  |  |  |  |  | 381,181 |  |  |  | 203,990 |  |  |  | 467,518 |  |  |  | 223,622 |
More than 5 years |  |  |  |  |  |  | 1,398,449 |  |  |  | 645,564 |  |  |  | 1,333,016 |  |  |  | 675,036 |
|  | ￦ |  |  |  |  | 1,829,172 |  |  |  | 862,621 |  |  |  | 1,925,452 |  |  |  | 983,346 |
Allowance for doubtful accounts |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  | (1,133 | )
|  |  |  |  |  |  |  |  |  | ￦ | 862,621 |  |  |  |  |  |  |  | 982,213 |
(3) | There are no impaired finance lease receivables as of December 31, 2016 and 2017, and changes in the allowance for doubtful accounts of finance lease receivables for the year ended December 31, 2018 are as follows:
|  | 2018 |
|  | In millions of won |
Beginning balance |  | ￦ | — |
Bad debt expense |  |  | 1,133 |
Write-off |  |  | — |
Other |  |  | — |
Ending balance |  | ￦ | 1,133 |

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- Definition The disclosure of finance leases and operating leases by the lessor. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Note Expiry date 2019-01-01 -Name IAS -Number 17 -IssueDate 2018-01-01 -Paragraph 47 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=17&date=2018-03-02&anchor=para_47&doctype=Standard&book=b -URIDate 2018-03-16 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Note Expiry date 2019-01-01 -Name IAS -Number 17 -IssueDate 2018-01-01 -Paragraph 56 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=17&date=2018-03-02&anchor=para_56&doctype=Standard&book=b -URIDate 2018-03-16 + Details
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