Annual Report 2019

Central Bank of the Republic of Armenia 17. Property and equipment Notes to the 2019 consolidated financial statements In thousands of Armenian Drams Land and buildings Networks, computer and other equipment Vehicles Construction in progress Right of use assets Total Cost Balance as at 1 January 2018 Additions 74,768,836 22,757,194 8,703 728,828 649,251 33,700 1,882,115 29,146 Disposals (1,030,936) (424,987) 100,057,396 800,377 (1,455,923) Transfer 1,759,679 138,733 (1,898,412) Balance as at 31 December 2018 75,506,282 23,199,768 682,951 12,849 99,401,850 Impact of adopting IFRS 16 (Note 2) Additions 710,342 (888,809) (175,310) 33,110 (88,674) 209,466 482,988 25,346 (2,640) 482,988 978,264 (1,155,433) 74,617,473 23,734,800 627,387 222,315 505,694 99,707,669 Disposals Balance as at 31 December 2019 Depreciation Balance as at 1 January 2018 13,879,646 12,619,217 461,753 Charge for the period 2,712,586 1,400,991 53,818 Disposals (107,904) (359,176) 26,960,616 4,167,395 (467,080) Transfer (35,821) 35,821 Balance as at 31 December 2018 16,448,507 13,696,853 515,571 30,660,931 Charge for the period 2,419,263 1,220,232 44,250 102,501 3,786,246 Disposals (159,832) (172,230) (84,741) (2,640) (419,443) Balance as at 31 December 2019 18,707,938 14,744,855 475,080 99,861 34,027,734 Carrying amount At 31 December 2019 55,909,535 8,989,945 152,307 222,315 405,833 65,679,935 59,057,775 At 31 December 2018 9,502,915 167,380 12,849 68,740,919 Construction in progress consists mainly of construction of premises. Upon completion, assets are transferred to buildings respectively. 18. Intangible assets In thousands of Armenian Drams Cost Computer software Contracts in progress Total Balance as at 1 January 2018 Additions 4,135,615 146,661 991,453 89,257 5,127,068 235,918 Disposals (11,075) (11,075) Transfer 7,035 (7,035) Balance as at 31 December 2018 4,278,236 1,073,675 5,351,911 Additions 694,758 35,000 729,758 Disposals (91,382) (91,382) Balance as at 31 December 2019 4,881,612 1,108,675 5,990,287 Amortisation Balance as at 1 January 2018 2,089,958 Charge for the period 481,732 Disposals (10,502) 2,089,958 481,732 (10,502) Balance as at 31 December 2018 2,561,188 Charge for the period 444,802 Disposals (36,447) Balance as at 31 December 2019 2,969,543 2,561,188 444,802 (36,447) 2,969,543 Carrying amount At 31 December 2019 At 31 December 2018 1,912,069 1,108,675 3,020,744 1,717,048 1,073,675 2,790,723 32

View entire presentation