Finance Lease Liability

The Group’s finance lease obligations primarily related to machinery, equipment and transport with certain leases having renewal and purchase options at the end of lease term.

The carrying value of the leased assets was as follows as at December 31:

	2014	2013
Machinery and equipment	26 752	40 362
Transport and motor vehicles	7 791	668
	34 543	41 030

The leased assets were included in property, plant and equipment in the consolidated statement of financial position.

Future minimum lease payments were as follows as at December 31, 2014:

	Minimum payments	Present value of payments
2015г.	7 664	5 545
2016-2019	22 176	16 615
After 2019	36 099	31 026
Total minimum lease payments	65 939	53 186
Less amounts representing finance charges	(12 753)	–
Present value of minimum lease payments	53 186	53 186

Future minimum lease payments were as follows as at December 31, 2013:

	Minimum payments	Present value of payments
2014	5 968	3 796
2015-2018	21 377	14 377
After 2018	39 281	33 592
Total minimum lease payments	66 626	51 765
Less amounts representing finance charges	(14 861)	–
Present value of minimum lease payments	51 765	51 765