Notes to the Consolidated Financial Statements - Seylan Bank

322 North Bound > Seylan Bank Annual Report 2011
Notes to the Consolidated Financial Statements
29.1 Fully-Depreciated Assets
The initial cost of fully-depreciated Plant, Machinery & Equipment and Furniture as at 31st December 2011
which are still in use as at Balance Sheet date:
BANK
2011
Rs. ’000
GROUP
2011
Rs.'000
Buildings – –
Computer Equipment 1,733,610 1,734,372
Office Machines and Equipment 756,849 756,849
Fixtures, Fittings and Furniture 662,251 662,251
Motor Vehicles 122,610 122,610
Leased Assets 55,523 56,054
3,330,843 3,332,136
The Bank is currently in the process of assessing useful economic life of Computer Equipment to consider
whether the estimated useful life needs to be re-assessed to be in line with the Sri Lanka Accounting
Standards (Revised).
29.2 Temporarily Idle Plant and Equipment
No assets have been identified as temporarily idle plant & equipment as at 31st December 2011 and 31st
December 2010.
29.3 Freehold/Leasehold Land & Buildings - Bank
Cost/
Valuation
Accumulated
Depreciation
Net Book
Value as at
31.12.2011
Address Extent Rs. ’000 Rs. ’000 Rs. ’000
Freehold
Mt. Lavinia
198, Galle Road, Ratmalana 36.30P 90,000 414 89,586
Badulla
10, Cocowatte Road, Badulla 1R 5.50P 66,000 789 65,211
Kochchikade
66, Chilaw Road, Kochchikade 8.0P 20,000 300 19,700
Avissawella
71, Ratnapura Road, Avissawella 18.92P 24,000 150 23,850
Grandpass
401, Sirimavo Bandaranaike Mawatha, Colombo 14 1R 6.0P 66,850 296 66,554
Hingurakgoda
13 and 14, Airport Road, Hingurakgoda 15.84P 12,900 239 12,661
Bandarawela
240, Badulla Road, Bandarawela 27.01P 45,000 605 44,395
Sarikkamulla
97, Old Galle Road, Sarikkamulla 12.10 P 14,000 187 13,813
Tissamaharama
547, Debarawewa, Tissamaharama 1R 1.50P 15,000 178 14,822
Raddolugama
171, National Housing Scheme, Raddolugama 12.08P 12,500 296 12,204