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FINANCE LEASES (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of leases [Abstract]  
Explanation of significant changes in net investment in finance lease
The reconciliation of the minimum future payments and the present value of the contract are as follows:
 
 
As of December 31, 2018
As of December 31, 2017
 
 
 
 
Commitments in relation to finance leases are payable as follows:
 
 
 
Within one year
 
8,328

8,328

Later than one year but not later than five years
 
33,312

33,312

Later than five years
 
71,482

79,810

Minimum lease payments
 
113,122

121,450

Future finance charges
 
(39,294
)
(44,415
)
Total Financial lease liabilities
 
73,828

77,035

 
 

 
The present value of finance lease liabilities is as follows:
 

 
Within one year
 
8,030

8,030

Later than one year but not later than five years
 
27,208

27,208

Later than five years
 
38,590

41,797

 
 

 
Total minimum lease payments
 
73,828

77,035