Page 69 - Agib Bank Limited Annual Report 2021
P. 69
25 Intangible assets
Purchased
Software
Cost
Balance at 1 January 2021 102,065
Additions 11,585
Balance at 31 December 2021 113,650
Depreciation
Balance at 1 January 2021 (81,990)
Depreciation charge for the year (7,612)
Balance at 31 December 2021 (89,602)
Net book value
At 31 December 2021 24,048
Cost
Balance at 1 January 2020 97,147
Additions 4,918
Balance at 31 December 2020 102,065
Depreciation
Balance at 1 January 2020 (69,659)
Depreciation charge for the year (12,331)
Balance at 31 December 2020 (81,990)
Net book value
At 31 December 2020 20,075
26. Right of Use Asset
Right of Use Asset
Cost
Balance at 1 January 2021 13,927
Additions/Adjustment 13,343
Balance at 31 December 2021 27,270
Depreciation
Balance at 1 January 2021 (8,305)
Depreciation charge for the year (4,405)
Balance at 31 December 2021 (12,710)
Net book value
At 31 December 2021 14,560
Cost
Balance at 1 January 2020 13,927
Additions
Balance at 31 December 2020 13,927
Depreciation Annual Report and IFRS Financial Statements
Balance at 1 January 2020 (4,101)
Depreciation charge for the year (4,204)
Balance at 31 December 2020 (8,305)
Agib Bank Annual Report 2021 www.agib.gm 69
