Page 146 - Annual Report 2017

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[4] FURNITURE AND EQUIPMENT [5] INTANGIBLE ASSETS

Furniture Office Leasehold Total Computer Software Software develop- Total
and fixtures equipment improvements USD ‘000 software development cost ment capital work in USD ‘000
USD ‘000 USD ‘000 USD ‘000 USD ‘000 USD ‘000 progress
Cost: USD ‘000
Cost:
At 1 January 2016 764 903 968 2,635
At 1 January 2016 995 2,494 - 3,489
Additions during the year 2 - - 2
Write-off during the year (307) - - (307)
Disposals/write-off during the year - (286) - (286)

Balance at 31 December 2016 688 2,494 - 3,182
Balance at 31 December 2016 766 617 968 2,351
Additions during the year 11 - 45 56
Additions during the year 2 37 - 39
Disposal/write-off during the year (29) (25) - (54)

At 31 December 2017 739 629 968 2,336 At 31 December 2017 699 2,494 45 3,238

Depreciation: Amortisation:

At 1 January 2016 754 668 902 2,324 At 1 January 2016 601 1,259 - 1,860
Charge for the year 8 149 28 185 Charge for the year 128 337 - 465
Relating to disposal /write-off - (285) - (285) Relating to write-off (305) - - (305)

Balance at 31 December 2016 762 532 930 2,224 Balance at 31 December 2016 424 1,596 - 2,020
Charge for the year 4 71 28 103 Charge for the year 125 325 - 450
Relating to disposal/write-off (29) (25) - (54)

At 31 December 2017 737 578 958 2,273 At 31 December 2017 549 1,921 - 2,470

Net carrying amounts: Net carrying amounts:

At 31 December 2017 2 51 10 63 31 December 2017 150 573 45 768

At 31 December 2016 4 85 38 127 31 December 2016 264 898 - 1,162