Bilansi uspjeha - Raiffeisen Bank

Notes to the financial statements
31 December 2005 and 2004
(all amounts are expressed in thousands of KM)
21. PROPERTY AND EQUIPMENT
Cost value
Land and
Buildings
‘000 KM
Vehicles
‘000 KM
Office
equipment
‘000 KM
Construction
in
progress
‘000 KM
Intangible
fixed
assets
‘000 KM
Total
‘000
KM
31 December 2004 16,995 1,726 21,417 4,621 9,258 54,017
Additions - - - 13,789 - 13,789
Transfers from/to 5,169 677 4,928 (11,113) 339 -
Transfer to off-balance (2,306) - - - - (2,306)
Reconciliation with
opening balance (394) - - 394 - -
Disposals (235) (164) (1,226) (292) (34) (1,951)
31 December 2005 19,229 2,239 25,119 7,399 9,563 63,549
Depreciation
31 December 2004 582 480 9,928 - 5,789 16,779
Depreciation in 2005 216 300 3,43 - 1,408 5,354
Disposals (5) (85) (975) - (32) (1,097)
31 December 2005 793 695 12,383 - 7,165 21,036
Net book value:
31 December 2005,
before provision for impairment 18,436 1,544 12,736 7,399 2,398 42,513
Provision for impairment
31 December 2004 - - 322 2,445 - 2,767
- Provisions charged - - 190 461 - 651
- Reversal of provisions - - - - - -
- Write-offs - - (89) (600) - (689)
- 31 December 2005 - - - (2,306) - (2,306)
- - 423 - - 423
Net book value:
31 December 2005 18,436 1,544 12,313 7,399 2,398 42,090
Net book value:
31 December 2004 16,413 1,246 11,167 2,176 3,469 34,471
The total construction-in-progress as of 31 December 2004 included KM 2,862 thousand, which related to the
construction-in-progress of the Banks’ building in Sarajevo. Construction was halted in 2002 at the order of local
municipality and has not been resumed. At December 31, 2002, the Bank decreased gross book value of the
mentioned investment by KM 1,431 thousand, which was shown as a provision for impairment. At December 31,
2004, the Bank has made additional provision for impairment of this investment in amount of KM 1,014 thousand,
which in total amounts to KM 2,445 thousands. As of 31 December 2005 the above-mentioned building was
written off in the total amount of KM 2,306 thousand. Furthermore, the court appraiser has appraised the land
that corresponds to this building in January 2005 for the amount of KM 750 thousand and it was transferred from
investments in progress and recorded under land and buildings.
Financial statement
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