Page 122 - Annual Report 2019

119 ANNUAL REPORT 2019 QFC REGULATORY AUTHORITY FINANCIAL STATEMENTS

The QFC Regulatory Authority recognised rent expense from short-term
leases of USD 2,052 thousands for the year ended 31 December 2019.

b) QFC Regulatory Authority’s prior year finance lease obligation
2018

Minimum lease payments Present value of minimum lease payments
USD ‘000 USD ‘000
Within one year 105 96
After one year but not more than five years 92 88
Total minimum lease payments 197 184
Future finance charges on financial lease (13) -

Present value of minimum lease payments 184 184

Presented in the statement of financial position as follows:

2018
USD ‘000
Current portion 96
Non-current portion 88

184