Note 32 - Property, plant and equipment

Parent Bank   Group
2011   2012
Buildings and other real property Machinery, inventory and vehicles Total (NOK million) Total Machinery, inventory and vehicles Buildings and other real property
19 327 345 Cost of acquisition at 1 January 2011 1,300 396 904
6 53 59 Acquisitions 279 87 192
 - 10 10 Disposals 128 21  107
24 370 394 Cost of acquisition at 31 December 2011 1,451 462 989
             
4 210 215 Accumulated depreciation and write-downs as at 1 January 2011 274 249 25
1 36 37 Current period's depreciation 86 49 38
  - 1 1 Current period's write-down 2 2 -
 - 9 10 Reversal of accumulated depreciation and write-downs 20 19  
5 238 243 Accumulated depreciation and write-down as at 31 December 2011 342 280 62
             
19 132 151 Book value as at 31 December 2011 1,109 182 927
             
Parent Bank   Group
2012   2012
24 370 394 Cost of acquisition at 1 January 2012 1,451 462 989
34 65 97 Acquisitions 279 76 203
 - 101 101 Disposals 107 102  5
56 334 390 Cost of acquisition at 31 December 2012 1,624 436 1,188
             
5 238 243 Accumulated depreciation and write-downs as at 1 January 2012 342 280 62
2 40 42 Current period's depreciation 101 58 42
  - 1 1 Current period's write-down 1 1  -
 - 96 96 Reversal of accumulated depreciation and write-downs 96 96  -
6 183 190 Accumulated depreciation and write-down as at 31 December 2012 347 243 104
             
50 151 201 Book value as at 31 December 2012 1,277 193 1,083

Depreciation

With a basis in acquisition cost less any residual value, assets are depreciated on a straight-line basis over expected lifetime as follows:

Technical installations  10 yrs
Machinery  3 - 5 yrs
Fixtures  5 - 10 yrs
IT equipment  3 - 5 yrs
Means of transport  10 yrs
Buildings and other real property  25 - 33 yrs

Provision of security

The Bank has not provided security or accepted any other infringements on its right of disposal of its fixed tangible assets.

Acquisition cost of depreciated assets

The acquisition cost of fully depreciated assets still in use in the Bank in 2012 is NOK 41 million.

Gross value of non-current assets temporarily out of operation

The Group has no significant non-current assets out of operation as at 31 December 2012.

Financial results

Annual report and notes

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