Annual REPORT
2015-Annual-Report-Financial-Statements
2015-Annual-Report-Financial-Statements
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NOTES TO THE FINANCIAL STATEMENTS (Continued)<br />
ANNUAL <strong>REPORT</strong> AND FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2015<br />
22 PROPERTY AND EQUIPMENT – GROUP<br />
Freehold<br />
land<br />
Buildings<br />
Leasehold improvements<br />
Computer<br />
Motor vehicles<br />
Fixtures, fittings<br />
and equipment<br />
Total<br />
COST/VALUATION Sh’000 Sh’000 Sh’000 Sh’000 Sh’000 Sh’000 Sh’000<br />
At 1 January 2014 122,412 357,288 1,418,833 945,133 100,967 505,653 3,450,286<br />
Additions - - 394,318 129,582 8,440 238,099 770,439<br />
Write offs - - (6,373) (24,827) - (27,763) (58,963)<br />
Disposal - - - - (3,530) - (3,530)<br />
_______ _______ ________ ______ ______ _______ ________<br />
At 31 December 2014 122,412 357,288 1,806,778 1,049,888 105,877 715,989 4,158,232<br />
_______ _______ ________ _______ ______ _______ ________<br />
122,412 357,288 1,806,778 1,049,888 105,877 715,989 4,158,232<br />
Additions - - 535,790 860,603 52,406 269,536 1,718,335<br />
Write offs - - (3,690) (195) - (51,694) (55,579)<br />
Disposal - - (17,626) (2,555) (15,649) (6,668) (42,498)<br />
_______ _______ ________ ______ ______ _______ ________<br />
At 31 December 2015 122,412 357,288 2,321,252 1,907,741 142,634 927,163 5,778,490<br />
_______ _______ ________ _______ ______ _______ ________<br />
Comprising:<br />
At cost 119,812 32,288 2,321,252 1,907,741 142,634 927,163 5,450,890<br />
At valuation 2,600 325,000 - - - - 327,600<br />
_______ _______ ________ ________ _______ _______ ________<br />
At 31 December 2015 122,412 357,288 2,321,252 1,907,741 142,634 927,163 5,778,490<br />
_______ _______ ________ ________ _______ _______ ________<br />
DEPRECIATION<br />
At 1 January 2014 - 16,317 710,161 709,411 49,868 258,908 1,744,665<br />
Charge for the year - 8,932 171,909 107,613 16,924 66,554 371,932<br />
Eliminated on disposal - - - - (3,530) - (3,530)<br />
Write off - - - (21,254) - (16,680) (37,934)<br />
_______ _______ _______ _______ _______ _______ ________<br />
At 31 December 2014 - 25,249 882,070 795,770 63,262 308,782 2,075,133<br />
_______ _______ _______ _______ _______ _______ ________<br />
At 1 January 2015 - 25,249 882,070 795,770 63,262 308,782 2,075,133<br />
Charge for the year - 8,932 212,099 224,374 23,648 87,176 556,229<br />
Eliminated on disposal - - (8,976) (2,110) (14,855) (2,526) (28,467)<br />
_______ _______ _______ _______ _______ _______ ________<br />
At 31 December 2015 - 34,181 1,085,193 1,018,034 72,055 393,432 2,602,895<br />
_______ _______ _______ _______ _______ _______ ________<br />
NET BOOK VALUE – VALUATION<br />
BASIS<br />
At 31 December 2015 122,412 323,106 1,236,059 889,710 70,578 533,730 3,175,595<br />
======= ======= ======= ======= ======= ======== ========<br />
At 31 December 2014 122,412 332,039 924,708 254,118 42,615 407,207 2,083,099<br />
======= ======= ======= ======= ======= ======= ========<br />
NET BOOK VALUE – COST BASIS<br />
At 31 December 2015 119,812 214,991 1,236,059 889,710 70,578 533,730 3,064,880<br />
======= ======= ======= ====== ====== ======== ========<br />
At 31 December 2014 119,812 221,743 924,708 254,118 42,615 407,207 1,970,203<br />
======= ======= ======= ====== ====== ======== ========<br />
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