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Finance lease liability
 12 Months Ended
Dec. 31, 2018
Leases1 [Abstract]  
Finance lease liability
Finance lease liability:
The Corporation leases its head office building under finance lease agreements. The finance lease has an imputed interest rate of 7.35% per annum and expires in February 2025.
Finance lease liabilities are payable as follows:
 
December 31,

December 31,

 
2018

2017

Building lease
$
631

$
638

Machinery lease
—

14

Finance lease liability, current
$
631

$
652

 
 
 
Building lease
$
5,064

$
6,191

Machinery lease
—

38

Finance lease liability, non-current
$
5,064

$
6,229

 
Future minimum

 
 
 
Present value of
minimum lease

At December 31, 2018
lease payments

 
Interest

 
payments

Less than one year
$
1,023

 
$
392

 
$
631

Between one and five years
4,710

 
960

 
3,750

More than five years
1,374

 
60

 
1,314

 
$
7,107

 
$
1,412

 
$
5,695

 
 
 
 
 
 
Current
 
 
 
 
$
631

Non-current
 
 
 
 
5,064

 
 
 
 
 
$
5,695



17.
Finance lease liability (cont'd):
 
Future minimum

 
 
 
Present value of
minimum lease

At December 31, 2017
lease payments

 
Interest

 
payments

Less than one year
$
1,127

 
$
475

 
$
652

Between one and five years
4,992

 
1,323

 
3,669

More than five years
2,774

 
214

 
2,560

 
$
8,893

 
$
2,012

 
$
6,881

 
 
 
 
 
 
Current
 
 
 
 
$
652

Non-current
 
 
 
 
6,229

 
 
 
 
 
$
6,881


The finance lease liability consists primarily of the lease of the Corporation's head office building of $5,695,000 (2017 - $6,829,000) and machinery leased by its subsidiary, Protonex of $nil (2017 - $52,000).
Deferred gains were also recorded on closing of the finance lease agreement and are amortized over the finance lease term. At December 31, 2018, the outstanding deferred gain was $2,566,000 (2017 – $2,982,000).
Operating leases:
In addition to other minor operating leases, the Corporation leases a facility at its Burnaby, Canada location (which has been assessed as an operating lease). This facility had a lease term expiring in 2019 which was extended to 2027 under a lease extension and modification agreement signed in December 2017. During 2018, lease payments of $2,144,000 relating to this lease were expensed (2017 - $2,107,000).
At December 31, 2018, the Corporation is committed to payments under all operating leases as follows:
Less than 1 year
$
2,335

1-3 years
4,436

4-5 years
4,148

Thereafter
6,851

Total minimum lease payments
$
17,770