Annual REPORT
2015-Annual-Report-Financial-Statements
2015-Annual-Report-Financial-Statements
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ANNUAL <strong>REPORT</strong> AND FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2015<br />
NOTES TO THE FINANCIAL STATEMENTS (Continued)<br />
22 PROPERTY AND EQUIPMENT - BANK<br />
Freehold<br />
land<br />
Buildings<br />
Leasehold improvements<br />
Computer<br />
Motor vehicles<br />
Fixtures, fittings<br />
and equipment<br />
COST/VALUATION Sh’000 Sh’000 Sh’000 Sh’000 Sh’000 Sh’000 Sh’000<br />
Total<br />
At 1 January 2014 122,412 357,288 1,418,833 943,704 100,967 505,177 3,448,381<br />
Additions - - 394,318 128,102 8,440 237,698 768,558<br />
Reversal - - (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 1,046,979 105,877 715,112 4,154,446<br />
_______ _______ ________ _______ ______ _______ ________<br />
At 1 January 2015 122,412 357,288 1,806,778 1,046,979 105,877 715,112 4,154,446<br />
Additions - - 535,790 860,420 47,512 269,458 1,713,180<br />
Write offs - - (3,689) (192) - (51,694) (55,575)<br />
Disposal - - (17,626) (2,555) (15,649) (6,668) (42,498)<br />
_______ _______ ________ ______ ______ _______ ________<br />
At 31 December 2015 122,412 357,288 2,321,253 1,904,652 137,740 926,208 5,769,553<br />
_______ _______ ________ _______ ______ _______ ________<br />
Comprising:<br />
At cost 119,812 32,288 2,321,253 1,904,652 137,740 926,208 5,441,953<br />
At valuation 2,600 325,000 - - - - 327,600<br />
_______ _______ ________ ________ _______ _______ ________<br />
At 31 December 2015 122,412 357,288 2,321,253 1,904,652 137,740 926,208 5,769,553<br />
_______ _______ ________ ________ ________ _______ ________<br />
DEPRECIATION<br />
At 1 January 2014 - 16,317 710,161 709,162 49,868 258,852 1,744,360<br />
Charge for the year - 8,932 171,909 107,155 16,924 66,440 371,360<br />
Eliminated on disposals - - - (11) (3,530) - (3,541)<br />
Write offs - - - (21,254) - (16,681) (37,935)<br />
_______ _______ _______ _______ _______ _______ ________<br />
At 31 December 2014 - 25,249 882,070 795,052 63,262 308,611 2,074,244<br />
_______ _______ _______ _______ _______ _______ ________<br />
At 1 January 2015 - 25,249 882,070 795,052 63,262 308,611 2,074,244<br />
Charge for the year - 8,932 212,099 223,878 23,046 87,052 555,007<br />
Eliminated on disposals - (8,975) - (2,110) (15,577) (2,525) (29,187)<br />
_______ _______ _______ _______ _______ _______ ________<br />
At 31 December 2015 - 25,206 1,094,170 1,016,820 70,731 393,138 2,600,064<br />
_______ _______ _______ _______ _______ _______ ________<br />
NET BOOK VALUE–<br />
VALUATION BASIS<br />
At 31 December 2015 122,412 332,082 1,227,084 887,832 67,009 533,070 3,169,489<br />
======= ======= ======= ======= ====== ======== ========<br />
At 31 December 2014 122,412 332,039 924,708 251,927 42,615 406,501 2,080,202<br />
======= ======= ======= ======= ====== ======= ========<br />
NET BOOK VALUE – COST BASIS<br />
At 31 December 2015 119,812 223,880 1,227,082 887,834 67,009 533,070 3,058,687<br />
======= ======= ======= ======= ====== ======= ========<br />
At 31 December 2014 119,812 220,770 924,708 251,927 42,615 406,501 1,969,443<br />
======= ======= ======= ======= ====== ======= ========<br />
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