Banco de Oro Universal Bank provides a - Asianbanks.net

2005 ANNUAL REPORT5911. BANK PREMISES, FURNITURE, FIXTURES AND EQUIPMENTA reconciliation of the carrying amounts at the beginning and end of 2005 and 2004, and the gross carrying amounts and theaccumulated depreciation and amortization of bank premises, furniture, fixtures and equipment are shown below:ConsolidatedLeasehold Furniture,Rights and Fixtures andLand Buildings Improvements Equipment TotalBalance at January 1, 2005,net of accumulated depreciation and amortization P 334,331 P 80,869 P 170,683 P 583,310 P 1,169,193Additions 142,917 58,398 83,852 530,127 815,294Disposals - - - ( 816) ( 816)Depreciation and amortization charge for the year - ( 18,469) ( 52,079) ( 189,352) ( 259,900)Balance at December 31, 2005,net of accumulated depreciation and amortization P 477,248 P 120,798 P 202,456 P 923,269 P 1,723,771December 31, 2005Cost P 477,248 P 186,411 P 208,514 P 2,112,097 P 2,984,270Accumulated depreciation and amortization - ( 65,613) ( 6,058) ( 1,188,828) ( 1,260,499)Net carrying amount P 477,248 P 120,798 P 202,456 P 923,269 P 1,723,771Balance at January 1, 2004,net of accumulated depreciation and amortization P 318,767 P 88,268 P 128,739 P 438,930 P 974,704Additions 15,564 1,582 77,785 311,804 406,735Disposals - ( 705) ( 281) ( 3,662) ( 4,648)Depreciation and amortization charge for the year - ( 8,276) ( 35,560) ( 163,762) ( 207,598)Balance at December 31, 2004,net of accumulated depreciation andamortization P 334,331 P 80,869 P 170,683 P 583,310 P 1,169,193December 31, 2004Cost P 334,331 P 128,013 P 170,683 P 1,582,786 P 2,215,813Accumulated Depreciation and amortization - ( 47,144) - ( 999,476) ( 1,046,620)Net carrying amount P 334,331 P 80,869 P 170,683 P 583,310 P 1,169,193ParentLeasehold Furniture,Rights and Fixtures andLand Buildings Improvements Equipment TotalBalance at January 1, 2005,net of accumulated depreciation andamortization P 334,331 P 80,869 P 163,108 P 527,955 P 1,106,263Additions 142,917 58,409 57,758 552,312 811,396Disposals - - - ( 10,359) ( 10,359)Depreciation and amortization for the year - ( 18,480) ( 49,031) ( 207,020) ( 274,531)Balance at December 31, 2005net of accumulated depreciation andamortization P 477,248 P 120,798 P 171,835 P 862,888 P 1,632,769December 31, 2005Cost P 477,248 P 186,411 P 171,835 P 1,939,130 P 2,774,624Accumulated depreciation and amortization - ( 65,613) - ( 1,076,242) ( 1,141,855)Net carrying amount P 477,248 P 120,798 P 171,835 P 862,888 P 1,632,769