Note 33 - Property, plant and equipment
| 31 Dec 2018 | ||||||
| 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 |
| 111 | 187 | 298 | Cost of acquisition at 1 January | 594 | 276 | 318 |
| - | - | - | Cost of acq. as a result of business combinations | 8 | 7 | 1 |
| 2 | 11 | 13 | Acquisitions | 19 | 17 | 2 |
| -10 | -17 | -27 | Disposals | -53 | -32 | -21 |
| 1 | 0 | 1 | Corrections | 1 | 0 | 1 |
| 104 | 181 | 285 | Cost of acquisition at 31 December | 569 | 268 | 301 |
| 58 | 125 | 183 | Accumulated depreciation and write-downs as at 1 January | 331 | 196 | 135 |
| - | - | - | Acc. depreciations as a result of business combinations | 6 | 6 | - |
| 8 | 21 | 29 | Current period's depreciation | 47 | 28 | 19 |
| 1 | 1 | 2 | Current period's write-down | 2 | 2 | 1 |
| -8 | -19 | -27 | Disposals | -52 | -33 | -19 |
| -1 | 2 | 1 | Reversal of accumulated depreciation and write-downs | 1 | 2 | -1 |
| 58 | 130 | 188 | Accumulated depreciation and write-down as at 31 December | 336 | 201 | 135 |
| 46 | 51 | 97 | Book value as at 31 December | 234 | 67 | 167 |
| 31 Dec 2017 | ||||||
| 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 | 198 | 315 | Cost of acquisition at 1 January | 1,431 | 266 | 1,164 |
| - | - | - | Cost of acq. as a result of business combination | 191 | 11 | 180 |
| - | - | - | Reclassification to held for sale | -854 | -9 | -845 |
| 5 | 24 | 29 | Acquisitions | 55 | 50 | 5 |
| -8 | -34 | -42 | Disposals | -223 | -40 | -182 |
| -3 | -1 | -4 | Corrections | -2 | -1 | -3 |
| 111 | 187 | 298 | Cost of acquisition at 31 December | 598 | 276 | 318 |
| 54 | 140 | 194 | Accumulated depreciation and write-downs as at 1 January | 524 | 198 | 327 |
| - | - | - | Acc. depreciations as a result of business combinations | 76 | 27 | 49 |
| - | - | - | Reclassification to held for sale | -211 | - | -211 |
| 8 | 19 | 27 | Current period's depreciation | 44 | 25 | 19 |
| 3 | 1 | 4 | Current period's write-down | 4 | 1 | 3 |
| -4 | -34 | -38 | Disposals | -101 | -53 | -48 |
| -3 | -1 | -4 | Reversal of accumulated depreciation and write-downs | -4 | -1 | -3 |
| 58 | 125 | 183 | Accumulated depreciation and write-down as at 31 December | 331 | 196 | 135 |
| 52 | 63 | 115 | Book value as at 31 December | 263 | 80 | 183 |
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 yrs
- Means of transport 10 yrs
- Buildings and other real property 25 - 33 yrs
Collateral
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 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 2018 is NOK 114 million (NOK 119 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 2018.
Financial results
Annual report and notes
