Page 9 - Financial Statements 2014, 2015 & 2016

Airport Groundhandling &
Financial Statements Equipment Leasing Services N.V.
6. Notes to the financial statements Financial statements 2014

Tangible fixed assets

2014 2013
Tangible fixed assets in AWG in AWG

Furniture & office equipment 563,624 795,937
Vehicles - -

Total tangible fixed assets 563,624 795,937

The movement in tangible fixed assets can be presented as follows:

Other
Tangible fixed assets Equipment assets Total
AWG AWG AWG
Cost price
Cost price Jan. 1, 2014 2,263,999 77,909 2,341,908
Investments 2014 - - -
Disposals 2014 - - -
Cost price Dec. 31, 2014 2,263,999 77,909 2,341,908

Depreciation
Accum. depr. Jan. 1, 2014 1,468,062 77,909 1,545,971
Depreciation 2014 232,313 - 232,313
Disposals depreciation 2014 - - -
Accum. depr. Dec. 31, 2014 1,700,375 77,909 1,778,284

Bookvalue Dec. 31, 2014 563,624 - 563,624

Bookvalue Dec. 31, 2013 795,937 - 795,937

Tangible fixed assets are depreciated on a straight-line basis over the estimated useful lives of
each item of tangible assets. The following depreciation periods are applied:
Equipment : 5 - 10 years
Other assets 3 years
A residual value of 10% is taken into consideration while calculating depreciation.

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