Note 33 - Property, plant and equipment
|
2016 |
||||||
| Parent Bank | Group | |||||
| Buildings and other real property | Machinery, inventory and vehicles | Total | (NOK million) | Total | Machinery, inventory and vehicles | Buildings and other real property |
| 117 | 205 | 322 | Cost of acquisition at 1 January | 1,503 | 252 | 1,251 |
| 4 | 23 | 27 | Acquisitions | 49 | 43 | 6 |
| -4 | -30 | -34 | Disposals | -121 | -31 | -91 |
| - | - | - | Corrections | - | 2 | -2 |
| 117 | 198 | 315 | Cost of acquisition at 31 December | 1,431 | 266 | 1,164 |
| 50 | 139 | 189 | Accumulated depreciation and write-downs as at 1 January | 474 | 182 | 292 |
| 8 | 20 | 29 | Current period's depreciation | 78 | 26 | 53 |
| - | - | - | Current period's write-down | 2 | 0 | 2 |
| -3 | -20 | -23 | Disposals | -39 | -20 | -19 |
| - | - | - | Reversal of accumulated depreciation and write-downs | 10 | 10 | - |
| 55 | 140 | 194 | Accumulated depreciation and write-down as at 31 December | 525 | 198 | 327 |
| 63 | 59 | 121 | Book value as at 31 December | 906 | 69 | 837 |
| 2015 | ||||||
| Parent Bank | Group | |||||
| Buildings and other real property | Machinery, inventory and vehicles | Total | (NOK million) | Total | Machinery, inventory and vehicles | Buildings and other real property |
| 128 | 201 | 329 | Cost of acquisition at 1 January | 1,532 | 273 | 1,259 |
| 2 | 19 | 21 | Acquisitions* | 29 | 24 | 5 |
| -11 | -12 | -22 | Disposals* | -52 | -41 | -11 |
| -2 | -3 | -5 | Corrections | -5 | -3 | -2 |
| 117 | 205 | 322 | Cost of acquisition at 31 December | 1,503 | 252 | 1,251 |
| 53 | 129 | 182 | Accumulated depreciation and write-downs as at 1 January | 435 | 189 | 246 |
| 9 | 24 | 33 | Current period's depreciation | 88 | 32 | 56 |
| 0 | 1 | 1 | Current period's write-down | 4 | 1 | 3 |
| -11 | -11 | -22 | Disposals | -47 | -36 | -11 |
| -2 | -3 | -5 | Reversal of accumulated depreciation and write-downs*) | -5 | -3 | -2 |
| 50 | 139 | 189 | Accumulated depreciation and write-down as at 31 December | 474 | 182 | 292 |
| 68 | 66 | 134 | Book value as at 31 December | 1,030 | 70 | 959 |
| *) Parts of acquisitions and disposals, and reversal of accumulated depreciations and write-downs are due to a redistribution of property, plant and equipment in the note. | ||||||
DepreciationWith a basis in acquisition cost less any residual value, assets are depreciated on a straight-line basis over expected lifetime as follows:
- Technical installations and Means of transport 10 yrs
- Machinery and IT equipment 3 - 5 yrs
- Fixtures 5 - 10 yrs
- Buildings and other real property 25 - 33 yrs
Provision of security
The Group has not provided security or accepted any other infringements on its right of disposal of its fixed tangible assets with the exception of SpareBank 1 Markets which has pledged inter alia business assets to DNB Bank in connection with banking services related to the securities settlement.
Acquisition cost of depreciated assets
The acquisition cost of fully depreciated assets still in use in the Bank in 2016 is NOK 127 million(NOK 98 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 2016.
Financial results
Annual report and notes
