Page 77 - Agib Bank Ltd Annual Report and IFRS Financial statements 2020

At 31 December 2019 5,375 4,179 87,490 14,522 111,566

25 Intangible assets

Purchased
Software

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

Cost
Balance at 1 January 2019 90,852

Additions 6,295
Balance at 31 December 2019 97,147

Depreciation
Balance at 1 January 2019 (53,467)

Depreciation charge for the year (16,192)
Balance at 31 December 2019 (69,659)

Net book value
At 31 December 2019 27,488

26. Right of Use Asset

Right of Use Asset

Cost
Balance at 1 January 2020 13,927
Additions/Adjustment
Balance at 31 December 2020 13,927
Depreciation
Balance at 1 January 2020 (4,101)
Depreciation charge for the year (4,204)
Balance at 31 December 2020 (8,305)
Net book value
At 31 December 2020 5,622

Cost
Balance at 1 January 2019 11,441

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Annual Report and IFRS Financial Statements for the year ended 31 December 2020 76