42. Finance and Operating Lease
42.1 Finance lease
42.1.1 The Group as finance lessee
The future minimum lease payments arising as of December 31, 2016 and 2017, are as follows:
| 2016 | 2017 | |||||||
| (In millions of Korean won) | ||||||||
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Net carrying amount of finance lease assets |
￦ | 40,750 | ￦ | 29,817 | ||||
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Minimum lease payment |
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Within 1 year |
2,424 | 2,555 | ||||||
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1-5 years |
3,099 | 2,150 | ||||||
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Total |
5,523 | 4,705 | ||||||
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Present value of minimum lease payment |
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Within 1 year |
2,392 | 2,510 | ||||||
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1-5 years |
2,907 | 2,059 | ||||||
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Total |
5,299 | 4,569 | ||||||
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42.1.2 The Group as finance lessor
Total lease investment and the present value of minimum lease payments as of December 31, 2016 and 2017, are as follows:
| 2016 | 2017 | |||||||||||||||
| Total lease investment |
Present value of minimum lease payment |
Total lease investment |
Present value of minimum lease payment |
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| (In millions of Korean won) | ||||||||||||||||
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Within 1 year |
￦ | 562,552 | ￦ | 478,312 | ￦ | 654,412 | ￦ | 557,188 | ||||||||
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1-5 years |
1,096,614 | 1,004,512 | 1,330,610 | 1,215,476 | ||||||||||||
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Total |
￦ | 1,659,166 | ￦ | 1,482,824 | ￦ | 1,985,022 | ￦ | 1,772,664 | ||||||||
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Unearned interest income of finance lease as of December 31, 2016 and 2017, is as follows:
| 2016 | 2017 | |||||||
| (In millions of Korean won) | ||||||||
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Total lease investment |
￦ | 1,659,166 | ￦ | 1,985,022 | ||||
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Net lease investment |
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Present value of minimum lease payment |
1,482,824 | 1,772,664 | ||||||
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Unearned interest income |
￦ | 176,342 | ￦ | 212,358 | ||||
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42.2 Operating lease
42.2.1 The Group as operating lessee
The future minimum lease payments arising from the non-cancellable lease contracts as of December 31, 2016 and 2017, are as follows:
| 2016 | 2017 | |||||||
| (In millions of Korean won) | ||||||||
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Minimum lease payment |
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Within 1 year |
￦ | 148,449 | ￦ | 168,707 | ||||
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1-5 years |
174,232 | 196,050 | ||||||
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Over 5 years |
34,488 | 34,128 | ||||||
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Total |
￦ | 357,169 | ￦ | 398,885 | ||||
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Minimum sublease payment |
￦ | (1,109 | ) | ￦ | (3,101 | ) | ||
The lease payment reflected in profit or loss for the years ended December 31, 2015, 2016 and 2017, are as follows:
| 2015 | 2016 | 2017 | ||||||||||
| (In millions of Korean won) | ||||||||||||
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Lease payment reflected in profit or loss |
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Minimum lease payment |
￦ | 194,173 | ￦ | 197,444 | ￦ | 208,413 | ||||||
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Sublease payment |
(167 | ) | (1,026 | ) | (2,441 | ) | ||||||
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Total |
￦ | 194,006 | ￦ | 196,418 | ￦ | 205,972 | ||||||
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42.2.2 The Group as operating lessor
The future minimum lease receipts arising from the non-cancellable lease contracts as of December 31, 2016 and 2017, are as follows:
| 2016 | 2017 | |||||||
| (In millions of Korean won) | ||||||||
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Minimum lease receipts |
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Within 1 year |
￦ | 129,870 | ￦ | 163,203 | ||||
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1-5 years |
277,377 | 375,344 | ||||||
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Over 5 years |
313,282 | 282,470 | ||||||
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Total |
￦ | 720,529 | ￦ | 821,017 | ||||