Annual Financial Statements 2020
46
ANNUAL FINANCIAL STATEMENTS NOTES TO THE ANNUAL FINANCIAL STATEMENTS CONTINUED
9.
Property, equipment and right-of-use assets
STANDARD BANK NAMIBIA LIMITED
Annual financial statements 2020
47
Property
Equipment
Right-of-use asset
IT equipment
Freehold
N$'000
Leasehold
N$'000
Restated¹
N$'000
Motor
vehicles equipment
N$'000
N$'000
Office
Furniture
and fittings
N$'000
Buildings
N$'000
Branches
N$'000
ATM spacing
and other
N$'000
Total
Restated¹
N$'000
Net book value 1 January 2019, as previously reported¹
Restatement¹
102 118
82 279
263 322
(73 098)
6 845
13 829
99 947
568 340
(73 098)
Net book value 1 January 2019, restated¹
102 118
82 279
190 224
6 845
13 829
99 947
495 242
IFRS 16 Transition 1 January 2019
11 055
Movements
Additions¹
18 753
(21 714)
9 046
423
9 750
(36 322)
(2276)
647
(1983)
14 776
1 348
45 824
(3 660)
719
54 216
(12 212)
474
(277)
65 745
(44 915)
8 059
75 816
Disposals
(2 165)
(88)
Transfers
10 251
(9 932)
2 308
(460)
149
(8 353)
(11 066)
Depreciation
(544)
(10 040)
(48 292)
(2923)
(3 020)
(2 776)
(19 919)
(4 379)
(20 271)
(277)
(109 665)
Net book value at the beginning of the year¹
120 871
60 565
153 902
4 569
11 846
114 723
7 395
42 004
197
516 072
Cost¹
126 735
130 265
516 281
25 617
Accumulated depreciation
(5 864)
(69 700)
(362 379)
(21 048)
38 530
(26 684)
241 934
(127 211)
11 774
(4 379)
62 275
474
1 153 885
(20 271)
(277)
(637 813)
47 241
(32 903)
(10 044)
(1 380)
(1 253)
(3 832)
Movements
Additions
19 189
4 537
44 692
1 283
1 579
18 482
231 348
264 098
(17 441)
(197)
211 539
353 860
Disposals
(387)
Transfers
29 533
Depreciation
(1 094)
(880)
(28 174)
(8 386)
(108)
(319)
(11)
(311)
(2 016)
(1 181)
(178)
(53 447)
(2 344)
(2 821)
(21 825)
168 112
27 662
143 858
3 189
10 593
Net book value 31 December 2020
Cost
Accumulated depreciation
175 055
(6 943)
103 029
565 551
(75 367)
(421 693)
25 054
(21 865)
39 946
(29 353)
110 891
258 420
(32 750)
238 743
275 872
(17 441)
(197)
(140 305)
24 563
727 611
62 275
(147 529)
(37 129)
(37 712)
474
(474)
1 505 676
(778 065)
1 Refer to page 30 for information regarding the correction of the classification of property, equipment and right-of-use assets and intangible assets.View entire presentation