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Lease

12 Months Ended

Dec. 31, 2019

13. Lease

As a lessee:

Operating lease assets primarily represents various facilities under non-cancelable operating leases expiring within one to ten years. Lease costs are included in either selling or general, and administrative expenses depending on the use of the underlying asset. Operating lease expenses were RMB93,693, RMB115,529 and RMB109,842 for the years ended December 31, 2017, 2018 and 2019, respectively. Cash payments against operating lease liabilities were RMB108,490 for the year ended December 31, 2019.

Supplemental consolidated balance sheet information related to leases was as follows:


	As of December 31,
	2019		2019
Operating leases:	RMB		US$
	(Amount in Thousands)
Operating leases right-of-use assets	352,186		50,588

Current portion of lease liabilities	11,674		1,677
Non-current portion of lease liabilities	362,757		52,107
Total operating lease liabilities	374,431		53,784

Weighted average remaining lease term (years)	4.64
Weighted average discount rate	4.31	%

Maturities of operating lease liabilities for the next five years are as follows:


Years Ending December 31	RMB	US$
	(Amount in Thousands)
2020	97,825	14,052
2021	85,403	12,267
2022	79,496	11,419
2023	66,136	9,500
2024 and after	76,467	10,984
Total lease payment	405,327	58,222
Less imputed interest	(30,896)	(4,438)
Total	374,431	53,784

Future minimum lease payments under non-cancelable operating lease agreements as of December 31, 2018 were as follows:


Years Ending December 31		RMB
		(Amount in Thousands)
2019		93,729
2020		72,459
2021		59,008
2022		54,103
2023 and after		87,151
Total		366,450

As a lessor:

The income recognized for sale and leaseback agreements was RMB37,961 for the year ended December 31, 2019.

The following table sets out a maturity analysis of sale and leaseback financing receivables as well as a reconciliation to the total amount of receivables recognized in the consolidated balance sheet:


Years Ending December 31	RMB	US$
	(Amount in Thousands)
2020	67,135	9,643
2021	2,184	314
Total future minimum payments receivables	69,319	9,957
Less: unearned income	(3,593)	(516)
Total sale and leaseback financing receivables	65,726	9,441
Amounts due within one year	64,686	9,291
Amounts due beyond one year	1,040	150