Contents - Equity Bank Group

Notes to the Financial StatementsFor the year ended 31st December 200714. Property, equipment and leasehold land(a) Property and equipment - 2007In millions of Kenya ShillingsOfficeequipment,Freehold land & Leasehold Motor furniture Village cellbuildings improvements vehicles & fittings Computers banking vans TotalCOSTAt 1 January 2007 40 503 51 453 942 31 2,020Additions - 574 - 224 689 6 1,493Disposals - - (1 ) - (8 ) - (9)At 31 December 2007 40 1,077 50 677 1,623 37 3,504DEPRECIATIONAt 1 January 2007 6 78 29 139 283 20 555Charge for the year 1 114 3 48 175 12 353Release on disposal - - (1 ) - (6 ) - (7)At 31 December 2007 7 192 31 187 452 32 901NET BOOK VALUEAt 31 December 2007 33 885 19 490 1,171 5 2,603(b) Property and equipment - 2006In millions of Kenya ShillingsOfficeequipment,Freehold land Leasehold Motor furniture Work-in Village Cell& buildings improvements vehicles & fittings progress Computer Banking Vans TotalCOSTAt 1 January 2006 40 256 56 322 402 265 21 1,362Additions - 247 2 131 - 296 10 686Transfer from work-in-progress - - - - (402) - - (402)Capitalisation of work-in-progress - - - - - 384 - 384Disposals - - (7) - - (3) - (10)At 31 December 2006 40 503 51 453 - 942 31 2,020DEPRECIATIONAt 1 January 2006 5 44 26 96 - 136 14 321Charge for the year 1 34 10 43 - 148 6 242Release on disposal - - (7) - - (1) - (8)At 31 December 2006 6 78 29 139 - 283 20 555NET BOOK VALUEAt 31 December 2006 34 425 22 314 - 659 11 1,4652007 Annual Report and Financial Statements 53