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LEASE | 12 Months Ended
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Dec. 31, 2021
LEASE |
LEASE | 10. LEASE A. Leases of medical equipment as lessor The following table presents the lease receivables derive from the Group’s operating, sales-type and direct financing leases: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As at December 31,
​ |  | 2020 | ​ | 2021 | ​ | 2021
​ | ​ | RMB | ​ | RMB | ​ | US$
Current |  |  |  |  |  |
Account receivable - Operating lease |  | 38,266 |  | 13,318 |  | 2,090
Account receivable - Sales-type lease |  | 1,195 |  | 1,010 |  | 158
Net investment in direct financing leases |  | 25,045 |  | 2,699 |  | 424
​ | ​ | ​ | ​ | ​ | ​ | ​
Non-current |  | ​ |  | ​ |  | ​
Net investment in direct financing leases |  | 13,720 |  | 4,796 |  | 753
​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  | 78,226 |  | 21,823 |  | 3,425
​ Lease receivables for operating and sales-type leases are presented in accounts receivable on the consolidated balance sheets. Lease receivables for direct financing leases are presented as net investment in direct financing leases. As of December 31, 2020, and 2021, the allowance of lease receivables was RMB5,018 and RMB2,637 (US$414), respectively. Accordingly, risk of default with respect to these receivables is remote. Lease receivables with carrying value of RMB26,782 and RMB10,056 (US$1,578) (note 18) were pledged as collaterals for bank and other borrowings of RMB179,093 and RMB58,058 (US$9,111) as of December 31, 2020 and 2021, respectively. The following table presents the lease income recognized relating to the Group’s operating, sales-type and direct financing leases: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the Year Ended December 31, 2021
​ |  | ​ | ​ | ​ | ​ | Direct financing | ​ | ​ | ​ | ​
​ | ​ | Sales-type leases | ​ | leases | ​ | Operating leases
​ | ​ | RMB |  | US$ |  | RMB |  | US$ |  | RMB |  | US$
Selling loss recognized at the commencement date | ​ | — | ​ | — | ​ | — | ​ | — | ​ | — | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest income on net investment in the lease | ​ | 5,210 |  | 818 |  | 1,361 |  | 214 |  | — |  | —
Including: Income relating to variable lease payments not included in the measurement of the net investment in a lease | ​ | 5,210 |  | 818 |  | — |  | — |  | — |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lease income relating to lease payments | ​ | ​ |  | ​ |  |  |  |  |  | 35,913 |  | 5,635
Including: Income relating to variable lease payments not included in the measurement of lease receivable | ​ | — |  | — |  | — |  | — |  | 33,793 |  | 5,303
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year Ended December 31, 2020
​ | ​ | ​ | ​ | ​ | ​ | Direct financing | ​ | ​ | ​ | ​
​ | ​ | Sales-type leases | ​ | leases | ​ | Operating leases
​ |  | RMB |  | US$ |  | RMB |  | US$ |  | RMB |  | US$
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Selling loss recognized at the commencement date |  | — |  | — |  | — |  | — | ​ | — | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest income on net investment in the lease |  | 4,130 |  | 633 |  | 2,929 |  | 449 | ​ | — | ​ | —
Including: Income relating to variable lease payments not included in the measurement of the net investment in a lease |  | 4,130 |  | 633 |  | — |  | — | ​ | — | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lease income relating to lease payments | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | 45,847 | ​ | 7,026
Including: Income relating to variable lease payments not included in the measurement of lease receivable |  | — | ​ | — |  | — |  | — | ​ | 38,999 | ​ | 5,977
​ The Group’s lease assets do not contain material residual value by the end of the lease term. In order to mitigate the risks associated with the residual value of its leased assets, the Group usually enters into arrangements where the lease terms are approximate to the economic useful life of the leased assets so as to minimize their residual value. Net investment in direct financing leases is comprised of: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As at December 31,
​ | ​ | 2020 | ​ | 2021 | ​ | 2021
​ | ​ | RMB | ​ | RMB | ​ | US$
Minimum lease payments to be received |  | 41,304 |  | 8,384 |  | 1,317
Unearned income |  | (2,539) |  | (889) | ​ | (140)
Net investment in direct financing leases |  | 38,765 |  | 7,495 | ​ | 1,177
Current |  | 25,045 |  | 2,699 | ​ | 424
Non-current |  | 13,720 |  | 4,796 | ​ | 753
Total |  | 38,765 |  | 7,495 | ​ | 1,177
​ The future minimum lease payments to be received from such non-cancelable direct financing leases are as follows: ​
​ | ​ | ​ | ​ | ​
​ | ​ | Future minimum
​ | ​ | direct financing lease payments
​ |  | RMB |  | US$
2022 |  | 3,239 | ​ | 510
2023 |  | 3,022 |  | 474
2024 |  | 2,123 |  | 333
2025 |  | — |  | —
2026 |  | — |  | —
Above 5 years |  | — |  | —
​ The future minimum lease payments to be received from such non-cancelable operating leases are as follows: ​
​ | ​ | ​ | ​ | ​
​ | ​ | Future minimum
​ | ​ | operating lease payments
​ |  | RMB |  | US$
2022 |  | 2,396 |  | 376
2023 |  | 1,996 |  | 313
2024 |  | 1,796 |  | 282
2025 |  | 96 |  | 15
2026 |  | 96 |  | 15
Above 5 years |  | 112 |  | 18
​ Lease payments for the Group’s sales-type lease payments are all variable based on the profit or revenue generated from the underlying assets thus the Group does not recognize any net investment in the lease at commencement. B. Failed sales-leaseback transactions as seller-lessee The Group has failed sales-leaseback transactions in which the Group acts as seller-lessee but does not effectively transfer control of the underlying asset to the buyer-lessor. The Group accounts for failed sales-leaseback transactions as financings. The Group recorded RMB 66,789 (US$10,481) and RMB 344,443 (US$54,051) under “Long-term bank and other borrowings, current portion” and “Long-term bank and other borrowings, non-current portion”, respectively as of December 31, 2021. The effective interest rate used in the computation of interest expense ranged from 3.43% to 11.69%. Interest expenses recorded in the Group’s consolidated statement of comprehensive loss amounted to RMB21,644, RMB44,880, and RMB39,876 (US$6,257) for the years ended December 31, 2019, 2020 and 2021, respectively. C. Operating leases as lessee The components of lease cost were as follows: ​
​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31, 2021
​ |  | RMB |  | US$
Operating lease cost |  | 31,131 |  | 4,885
Short term lease cost |  | 399 |  | 63
​ | ​ | ​ | ​ | ​
Total |  | 31,530 |  | 4,948
​ For the year ended December 31, 2021, total operating and short-term lease costs of RMB19,148 (US$3,005) and RMB12,382 (US$1,943) were recorded in cost of revenue and general and administrative expenses, respectively. Other information ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year |
​ | ​ | ended December 31, 2021 |
​ |  | RMB |  | US$ |
Cash paid for amounts included in the measurement of lease liabilities: | ​ | ​ | ​ | ​ | ​
Operating cash flows from operating leases | ​ | 23,805 | ​ | 3,736 | ​
ROU assets obtained in exchange for operating lease liabilities* |  | 115,657 |  | 18,149 | ​
Weighted-average remaining lease terms (in years) | ​ | 6 | ​ | 6 | ​
Weighted-average discount rate |  | 5.74 | % | 5.74 | %
* Includes transition liabilities upon adoption of ASC 842, as well as new leases entered into during the year ended December 31, 2021. Changes in the ROU asset and liability are presented net within operating activities. Future minimum lease payments for operating leases as of December 31, 2021 are as follows: ​
​ | ​ | ​ | ​ | ​
​ | ​ | Minimum Lease Payments
​ |  | RMB |  | US$
Year ending December 31, |  |  |  |
2022 |  | 35,074 |  | 5,504
2023 |  | 26,291 |  | 4,126
2024 |  | 22,708 |  | 3,563
2025 |  | 23,057 |  | 3,618
2026 |  | 22,891 |  | 3,592
Thereafter |  | 210,849 |  | 33,087
Total future lease payments |  | 340,870 |  | 53,491
Less: Imputed interest |  | 106,161 |  | 16,660
Total lease liability balance |  | 234,709 |  | 36,831
​ The Group did not have any leasing transactions with related parties. Land use rights The following table presents the original cost payment, accumulated amortization and net carrying value of the Group’s land use rights for the periods presented: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As at December 31,
​ | ​ | 2020 | ​ | 2021 | ​ | 2021
​ | ​ | RMB | ​ | RMB | ​ | US$
​ | ​ | Right-of-use | ​ | Right-of-use | ​ | Right-of-use
​ | ​ | Asset | ​ | asset | ​ | asset
​ | ​ | ​ | ​ | ​ | ​ | ​
Land use rights |  | 463,992 |  | 463,992 |  | 72,810
Less: accumulated amortization |  | (37,475) |  | (47,096) |  | (7,390)
Net carrying value |  | 426,517 |  | 416,896 |  | 65,420
​ As of December 31, 2020 and 2021, the Group recorded land lease payment under “Right-of-use assets, net” of RMB426,517 and RMB416,896 (US$ 65,420), respectively. Amortization expenses for the years ended December 31, 2019, 2020 and 2021 were RMB9,462, RMB9,513 and RMB9,621 (US$1,510), respectively. The net book value of the Group’s land use right payments pledged to secure bank and other borrowings was RMB414,470 and RMB 405,117 (US$ 63,572) (note 18), respectively. The estimated annual amortization expenses for the land leases payment for each of the five succeeding years are as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | Amortization
​ |  | RMB |  | US$
2022 | ​ | 9,621 |  | 1,510
2023 | ​ | 9,621 |  | 1,510
2024 | ​ | 9,621 |  | 1,510
2025 | ​ | 9,621 |  | 1,510
2026 | ​ | 9,621 |  | 1,510
​

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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