2012 Annual Report & Financial Statements - UBA Plc

154
Notes to the consolidated and separate financial statements
continued …
28. Property and equipment
(a) (i)
Group
As at 31 December 2012
In millions of Nigerian Naira
Land
Buildings
and
leasehold
improvement
Other
transportation
equipment
Motor
vehicles
Furniture
and office
equipment
Work in
progress
Cost
Balance at 1 January 2012 13,715 30,669 3,723 10,490 46,707 2,557 107,861
Additions 18,250 4,916 55 316 3,216 3,119 29,872
Disposals – (1,317) – (1,312) (1,077) (775) (4,481)
Transfers – 384 99 51 397 (931) –
Transfer to non-current assets held for
distribution (1,422) (370) – – – (708) (2,500)
Exchange difference – (13) – (14) (8) (2) (37)
Balance at 31 December 2012 30,543 34,269 3,877 9,531 49,235 3,260 130,715
Accumulated depreciation
Balance at 1 January 2012 – 10,661 1,019 7,644 32,919 – 52,243
Charge for the year – 1,490 193 1,133 6,959 – 9,775
Disposals – (644) (88) (477) (799) – (2,008)
Exchange difference – (19) – (7) (15) – (41)
Balance at 31 December 2012 – 11,488 1,124 8,293 39,064 – 59,969
Carrying amounts
Balance at 31 December 2012 30,543 22,781 2,753 1,238 10,171 3,260 70,746
Balance at 31 December 2011 13,715 20,008 2,704 2,846 13,788 2,557 55,618
Total
(ii) Bank
Cost
Balance at 1 January 2012 13,715 23,009 3,723 8,016 40,137 2,169 90,769
Additions 18,250 3,740 55 146 825 2,954 25,970
Disposals – (961) – (290) (295) (448) (1,994)
Transfers – 384 99 51 397 (931) –
Transfer to non-current assets held for
distribution (1,422) (370) – – – (708) (2,500)
Balance at 31 December 2012 30,543 25,802 3,877 7,923 41,064 3,036 112,245
Accumulated depreciation
Balance at 1 January 2012 – 7,218 1,018 6,429 29,038 – 43,703
Charge for the year – 658 193 765 4,427 – 6,043
Disposals – (44) – (262) (313) – (619)
Balance at 31 December 2012 – 7,832 1,211 6,932 33,152 – 49,127
Carrying amounts
Balance at 31 December 2012 30,543 17,970 2,666 991 7,912 3,036 63,118
Balance at 31 December 2011 13,715 15,791 2,705 1,587 11,099 2,169 47,066
Annual Report 2012