Republic Bank Limited
100
For the year ended September 30, 2015. Expressed in thousands of Trinidad and Tobago dollars ($’000) except where otherwise stated
Notes to theConsolidatedFinancial Statements
4
Financial
7 PREMISES AND EQUIPMENT
Capital
Equipment,
works in
Freehold
Leasehold furniture and
progress
premises
premises
fittings
Total
2015
Cost
At beginning of year
172,708
1,153,255
126,114
1,483,731
2,935,808
Acquisition of subsidiaries
827
38,269
64,895
126,478
230,469
Exchange and other adjustments
133
294
223
2,369
3,019
Additions at cost
223,954
6,281
1,908
55,195
287,338
Disposal of assets
–
(431)
(2,385)
(49,184)
(52,000)
Transfer of assets
(143,039)
95,346
5,488
42,205
–
254,583
1,293,014
196,243
1,660,794
3,404,634
Accumulated depreciation
At beginning of year
–
159,587
94,354
1,108,364
1,362,305
Acquisitions
–
9,030
2,801
80,058
91,889
Exchange and other adjustments
–
(4,198)
105
1,658
(2,435)
Charge for the year
–
16,739
6,251
122,169
145,159
Disposal of assets
–
(13)
(2,385)
(43,850)
(46,248)
–
181,145
101,126
1,268,399
1,550,670
Net book value
254,583
1,111,869
95,117
392,395
1,853,964
Capital
Equipment,
works in
Freehold
Leasehold furniture and
progress
premises
premises
fittings
Total
2014
Cost
At beginning of year
112,459
1,222,654
120,194
1,480,633
2,935,940
Exchange and other adjustments
(120)
(5,923)
(261)
(5,247)
(11,551)
Additions at cost
129,638
9,552
1,856
61,779
202,825
Disposal of assets
(20,237)
(82,897)
4,325
(92,597)
(191,406)
Transfer of assets
(49,032)
9,869
–
39,163
–
172,708
1,153,255
126,114
1,483,731
2,935,808
