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FINANCE LEASE OBLIGATIONS | 12 Months Ended
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Dec. 31, 2020
Note 15 - FINANCE LEASE OBLIGATIONS | The Company has entered into office space and mining equipment leases expiring between 2021 and 2025, with interest rates ranging from Nil% to 14.99% per annum. The Company has the option to purchase the mining equipment at the end of the lease term for a nominal amount. The Company’s obligations under finance leases are secured by the lessor’s title to the leased assets. As at December 31, 2020, plant, equipment and mining properties includes a net carrying amount of $1,087 (December 31, 2019 - $2,697) for this leased mining equipment. The contractual maturities and interest charges in respect of the Company’s finance lease obligations are as follows:
|  | December 31, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
Not later than one year |  | $ | 213 |  |  | $ | 716 |
Later than one year and not later than five years |  |  | 301 |  |  |  | 444 |
Later than five years |  |  | - |  |  |  | 28 |
Less: Future interest charges |  |  | (28 | ) |  |  | (54 | )
Present value of lease payments |  |  | 486 |  |  |  | 1,134 |
Less: current portion |  |  | (208 | ) |  |  | (692 | )
Non-current portion |  | $ | 278 |  |  | $ | 442 |
The Company has a master credit facility with an equipment supplier for a total of $5,000. The facility is used to acquire equipment necessary for maintaining operations and exploration activities at the Avino Mine. As of December 31, 2020, the Company had $4,927 in available credit remaining under these facilities.

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- Definition The disclosure of lease prepayments. [Refer: Prepayments] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
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