Note 32 - Property, plant and equipment
| 2019 | ||||||
| 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 |
| 104 | 181 | 285 | Cost of acquisition at 1 January | 569 | 268 | 301 |
| - | - | - | Cost of acq. as a result of business combinations | 3 | 3 | - |
| -15 | 11 | 26 | Acquisitions | 44 | 19 | 25 |
| - | -27 | -27 | Disposals | -35 | -35 | -1 |
| - | - | - | Corrections | - | -0 | -0 |
| 119 | 165 | 284 | Cost of acquisition at 31 December | 580 | 255 | 325 |
| 58 | 130 | 188 | Accumulated depreciation and write-downs as at 1 January | 336 | 201 | 135 |
| - | - | - | Acc. depreciations as a result of business combinations | 3 | 3 | - |
| 9 | 18 | 26 | Current period's depreciation | 39 | 24 | 15 |
| 2 | 0 | 3 | Current period's write-down | 3 | 0 | 3 |
| - | -19 | -19 | Disposals | -24 | -24 | - |
| 2 | - | 2 | Reversal of accumulated depreciation and write-downs | 1 | - | 1 |
| 71 | 128 | 199 | Accumulated depreciation and write-down as at 31 December | 358 | 204 | 154 |
| 48 | 37 | 85 | Book value as at 31 December | 222 | 52 | 171 |
| 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 |
Depreciation
With a basis in acquisition cost less any residual value, assets are depreciated on a straight-line basis over expected lifetime as follows:
- Machinery 3-5 years
- Fixtures 5-10 years
- Technical installations 5-10 years
- Means of transport 10 years
- Buildings and other real property 25 years
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 2019 is NOK 83 million (NOK 114 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 2019.
Financial results
Annual report and notes
