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Lease commitments
 12 Months Ended
Dec. 31, 2017
Leases1 [Abstract]  
Lease commitments
33
Lease commitments
Operating lease commitments
At 31 December 2017, future minimum lease payments under non-cancellable operating leases for land, buildings and equipment were
$3,950m (2016: $3,893m).
Finance lease receivables
HSBC leases a variety of assets to third parties under finance leases, including transport assets (such as aircraft), property and general plant and machinery. At the end of lease terms, assets may be sold to third parties or leased for further terms. Rentals are calculated to recover the cost of assets less their residual value, and earn finance income.

2017
2016

Total future
minimum
payments

Unearned
finance
income

Present
value

Total future
minimum
payments

Unearned
finance
income

Present
value


$m

$m

$m

$m

$m

$m

Lease receivables:






No later than one year
3,523

(326
)
3,197

3,248

(330
)
2,918

Later than one year and no later than five years
7,033

(696
)
6,337

6,563

(702
)
5,861

Later than five years
4,784

(669
)
4,115

4,548

(633
)
3,915

At 31 Dec
15,340

(1,691
)
13,649

14,359

(1,665
)
12,694