Future minimum lease payments under finance leases with the present value of the net minimum lease payments are as follows:
| 2017 Minimum Payments |
Present Value of Payments |
2016 Minimum Payments |
Present Value of Payments |
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Not later than 1 year |
Ps. | 41 | Ps. | 34 | Ps. | 32 | Ps. | (68) | ||||||||
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Later than 1 year and not later than 5 years |
91 | 82 | 103 | 83 | ||||||||||||
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Later than 5 years |
— | — | — | 97 | ||||||||||||
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Total mínimum lease payments |
132 | 116 | 135 | 112 | ||||||||||||
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Less amount representing finance charges |
16 | — | 23 | — | ||||||||||||
|
Present value of minimum lease payments |
116 | 116 | 112 | 112 | ||||||||||||