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Leases (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of finance lease and operating lease by lessee [abstract]  
Schedule of non-current and current obligations under finance leases

Obligations under finance leases comprise the following at December 31:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

2017

 

 

Non-

 

 

 

 

 

Non-

 

 

 

 

 

    

Current

    

Current

    

Total

    

Current

    

Current

    

Total

 

 

US$'000

 

US$'000

 

US$'000

 

US$'000

 

US$'000

 

US$'000

Hydroelectrical installations (including power lines and concessions)

 

52,428

 

12,577

 

65,005

 

68,088

 

12,551

 

80,639

Other finance leases

 

1,044

 

422

 

1,466

 

1,625

 

369

 

1,994

Total

 

53,472

 

12,999

 

66,471

 

69,713

 

12,920

 

82,633

 

Schedule of non-current payment obligations under finance leases by maturity

The detail, by maturity, of the non-current payment obligations under finance leases as of December 31, 2018 is as follows:

 

 

 

 

 

 

 

 

 

 

    

2020

    

2021

    

2022

    

Total

 

 

US$'000

 

US$'000

 

US$'000

 

US$'000

Hydroelectrical installations (including power lines and concessions)

 

13,199

 

13,849

 

25,380

 

52,428

Other finance leases

 

618

 

426

 

 —

 

1,044

Total

 

13,817

 

14,275

 

25,380

 

53,472

 

Schedule of minimum lease payments under finance lease

 

Future net minimum lease payments under finance leases together with the future finance charges are as follows:

 

 

 

 

 

 

 

 

 

 

 

Undiscounted minimum lease payments

 

Present value of minimum lease payments

 

 

2018

 

2017

 

2018

 

2017

 

 

US$'000

 

US$'000

 

US$'000

 

US$'000

Within 1 year

 

13,362

 

13,281

 

12,999

 

12,920

Between 1 and 5 years

 

61,556

 

82,683

 

53,472

 

69,713

After 5 years

 

 —

 

 —

 

 —

 

 —

Total minimum lease payments

 

74,918

 

95,964

 

66,471

 

82,633

Less: amounts representing finance lease charges

 

8,447

 

13,331

 

 —

 

 —

Present value of minimum lease payments

 

66,471

 

82,633

 

66,471

 

82,633

 

Schedule of minimum lease payments on operating leases by maturity

Expenses associated with operating leases are recorded in Other Operating Expenses in the consolidated income statement, and the minimum lease payments on operating leases at December 31, are as follows:

 

 

 

 

 

 

    

2018

    

2017

 

 

US$'000

 

US$'000

Within one year

 

9,684

 

12,105

Between one and five years

 

20,847

 

27,277

After five years

 

732

 

3,347

Total

 

31,263

 

42,729