5. LEASE

The following table presents balances reported in the consolidated balance sheets related to the Group's leases:


		As at December 31, 2019
		(HK$ in thousands)

Operating lease right-of-use assets		161,617
Operating lease liabilities		172,466

The following table presents operating lease cost reported in the consolidated statements of comprehensive (loss)/income related to the Group's leases:


		Year ended
		December 31, 2019
		(HK$ in thousands)

Operating lease cost		64,756

The following table reconciles the undiscounted cash flows of the Group's leases as of December 31, 2019 to the present value of its operating lease payments:


		December 31, 2019
		(HK$ in thousands)

2020		56,714
2021		46,968
2022		44,354
2023		40,346
Thereafter		—
Total undiscounted operating lease payments		188,382
Less: imputed interest		(15,916)
Present value of operating lease liabilities		172,466

The Group's minimum annual lease commitments as of December 31, 2018, in accordance with ASC Topic 840, were as follows:


		December 31, 2018
		(HK$ in thousands)

2019		54,417
2020		56,705
2021		42,090
2022		46,232
2023		42,701
Thereafter		—
		242,145