Page 68 - Agib Bank Limited Annual Report 2021
P. 68
24 Property, plant and equipment
Work in progress Motor vehicle Leasehold Fixtures & Total
Improvements fittings
Cost
Balance at 1 January 2021 2,281 14,912 139,007 49,379 205,579
Additions - 13,800 11,825 9,388 35,013
Transfer (2,281) - - - (2,281)
Revaluation Gain - -
Disposal - - -
Balance at 31 December 2021 - 28,712 150,832 58,767 238,311
Depreciation
Balance at 1 January 2021 - (11,480) (52,301) (34,335) (98,116)
Depreciation charge for the year - (3,989) (6,169) (5,885) (16,043)
Disposal - - - -
Fully depreciated - - - -
Balance at 31 December 2021 - (15,469) (58,470) (40,220) (114,159)
Net book value
At 31 December 2021 - 13,243 92,362 18,547 124,152
Cost
Balance at 1 January 2020 5,375 13,412 133,911 43,203 195,901
Additions - 1,500 325 6,176 8,001
Transfer (3,094) - - - (3,094)
Revaluation 4,771 4,771
Disposal - - -
Fully depreciated - - -
Balance at 31 December 2020 2,281 14,912 139,007 49,379 205,579
Depreciation
Balance at 1 January 2020 - (9,233) (46,421) (28,681) (84,335)
Depreciation charge for the year - (2,247) (5,880) (5,654) (13,781)
Disposal - - - -
Fully depreciated - - - -
Balance at 31 December 2020 - (11,480) (52,301) (34,335) (98,116)
Net book value
At 31 December 2020 2,281 3,432 86,706 15,044 107,463
Annual Report and IFRS Financial Statements
Agib Bank Annual Report 2021 www.agib.gm 68
