notes to the consolidated financial statements - Sacombank

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
For the year ended 31 December 2011
Accumulated depreciation
At 1 January 2011 105,736 12,472 309 118,517
Charge for the year
Utilised Science and Technology Development Fund
59,913 9,695 4 69,612
(Note 21.3) 8,590 - - 8,590
Decrease due to disposal of a subsidiary (Note 11(i))
Foreign exchange difference arising from converting a
(11,254) - - (11,254)
branch into a subsidiary (433) - - (433)
Disposal (4,189) (10,910) (306) (15,405)
Reclassification 2 (21) 19 -
At 31 December 2011 158,365 11,236 26 169,627
Net book value
At 1 January 2011 250,274 1,262,909 56 1,513,239
At 31 December 2011 225,676 1,374,630 10 1,600,316
Included in computer software are fixed assets funded by Science and Technology Development Fund with historical cost
is VND42,949 million (As at 31 December 2010: VND42,949 million) and accumulated depreciation is VND17,099 million
(As at 31 December 2010: VND8,509 million). The accounting policy for those fixed assets is different from similar assets
which are purchased outside the Fund. Accordingly, depreciation for those fixed assets is deducted from Science and
Technology Development Fund – used (Note 21.3).
14 FINANCE LEASE ASSETS
119 ANNUAL REPORT 2011
Form B 05/TCTD - HN
CURRENCY: Million VND
Motor vehicles
Historical cost
At 1 January 2011 24,249
New leases 595
Decrease due to disposal of a subsidiary (Note 11(i)) (11,404)
Transfer to tangible fixed assets (Note 12) (11,102)
At 31 December 2011 2,338
Accumulated depreciation
At 1 January 2011 4,363
Charge for the year 367
Decrease due to disposal of a subsidiary (Note 11(i)) (3,279)
Transfer to tangible fixed assets (Note 12) (1,137)
At 31 December 2011 314
Net book value
At 1 January 2011 19,886
At 31 December 2011 2,024