Skip to ContentSkip to Footer

10. PROPERTY AND EQUIPMENT

Property and equipment, as presented on the consolidated balance sheet, is composed of the following:

2016 Property and Equipment
2016 (in thousands of dollars)
  Land and building
structure
Building
fixtures
Building
infrastructure
Furniture and
equipment
Computer
equipment
Total
Cost:
Balance, beginning of year $ 27,261 $ 10,438 $ 12,211 $ 22,534 $ 12,122 $ 84,566
Additions   424   81   1,333   2,113   1,677   5,628
Disposals           (500)   (500)
Balance, end of year $ 27,685 $ 10,519 $ 13,544 $ 24,647 $ 13,299 $ 89,694
Accumulated depreciation:
Balance, beginning of year $ 7,885 $ 8,725 $ 7,033 $ 14,198 $ 8,093 $ 45,934
Depreciation charge   1,081   281   393   1,845   1,566   5,166
Depreciation on disposals           (489)   (489)
Balance, end of year $ 8,966 $ 9,006 $ 7,426 $ 16,043 $ 9,170 $ 50,611
Net book value, end of year $ 18,719 $ 1,513 $ 6,118 $ 8,604 $ 4,129 $ 39,083
2015 Property and Equipment
2015 (in thousands of dollars)
  Land and building
structure
Building
fixtures
Building
infrastructure
Furniture and
equipment
Computer
equipment
Total
Cost:
Balance, beginning of year $ 24,704 $ 9,859 $ 9,514 $ 20,351 $ 10,757 $ 75,185
Additions   3,686   579   2,697   2,193   1,767   10,922
Disposals   (1,129)       (10)   (402)   (1,541)
Balance, end of year $ 27,261 $ 10,438 $ 12,211 $ 22,534 $ 12,122 $ 84,566
Accumulated depreciation:
Balance, beginning of year $ 7,904 $ 8,362 $ 6,670 $ 12,439 $ 7,270 $ 42,645
Depreciation charge   986   363   363   1,769   1,222   4,703
Depreciation on disposals   (1,005)       (10)   (399)   (1,414)
Balance, end of year   7,885 $ 8,725   7,033 $ 14,198 $ 8,093 $ 45,934
Net book value, end of year $ 19,376 $ 1,713 $ 5,178 $ 8,336 $ 4,029 $ 38,632

Depreciation charged to “Operating expenses” amounted to $5.2 million (2015: $4.7 million).