14 Premises and Equipment

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In millions of Russian Roubles Note Office premises Other premises Office and equipment Vehicles and other equipment Construction in progress Total
Cost or revalued amount at 1 January 2009   202,408   88,158 12,694 9,712 312,972
Accumulated depreciation   - - (54,928) (6,566) - (61,494)
Carrying amount at 1 January 2009   202,408 - 33,230 6,128 9,712 251,478
Additions   6,943   25,762 3,541 16,252 52,498
Acquisitions through business combinations   2,877 2,462 506 5,930 3,039 14,814
Transfers   13,446 - - - (13,446) -
Disposals - at cost or revalued amount   (2,106)   (3,210) (1,723) (1,789) (8,828)
Disposals - accumulated depreciation   38   3,203 1,492   4,733
Depreciation charge 26 (6,935) (34) (19,390) (2,261) - (28,620)
Negative revaluation of office premises recognised in profit or loss   (14,996)         (14,996)
Negative revaluation of office premises recognised in other comprehensive income   (21,198)         (21,198)
Carrying amount at 31 December 2009   180,477 2,428 40,101 13,107 13,768 249,881
Cost or revalued amount at 31 December 2009   181,065 2,462 111,216 20,442 13,768 328,953
Accumulated depreciation   (588) (34) (71,115) (7,335) - (79,072)
Additions   12,191 1,585 29,613 2,798 16,895 63,082
Acquisitions through business combinations   979 3,531 78 4,147 2,137 10,872
Transfers   7,965 - - - (7,965) -
Disposals - at cost or revalued amount   (2,300) (54) (4,159) (5,407) (1,705) (13,625)
Disposals - accumulated depreciation   18 2 4,060 1,825   5,905
Depreciation charge 26 (5,694) (34) (22,852) (3,779) - (32,359)
Carrying amount at 31 December 2010   193,636 7,458 46,841 12,691 23,130 283,756
Cost or revalued amount at 31 December 2010   199,900 7,524 136,748 21,980 23,130 389,282
Accumulated depreciation   (6,264) (66) (89,907) (9,289) - (105,526)
In millions of Russian Roubles Note Office premises Other premises Office and equipment Vehicles and other equipment Construction in progress Total
Cost or revalued amount at 1 January 2009   202,408   88,158 12,694 9,712 312,972
Accumulated depreciation   - - (54,928) (6,566) - (61,494)
Carrying amount at 1 January 2009   202,408 - 33,230 6,128 9,712 251,478
Additions   6,943   25,762 3,541 16,252 52,498
Acquisitions through business combinations   2,877 2,462 506 5,930 3,039 14,814
Transfers   13,446 - - - (13,446) -
Disposals - at cost or revalued amount   (2,106)   (3,210) (1,723) (1,789) (8,828)
Disposals - accumulated depreciation   38   3,203 1,492   4,733
Depreciation charge 26 (6,935) (34) (19,390) (2,261) - (28,620)
Negative revaluation of office premises recognised in profit or loss   (14,996)         (14,996)
Negative revaluation of office premises recognised in other comprehensive income   (21,198)         (21,198)
Carrying amount at 31 December 2009   180,477 2,428 40,101 13,107 13,768 249,881
Cost or revalued amount at 31 December 2009   181,065 2,462 111,216 20,442 13,768 328,953
Accumulated depreciation   (588) (34) (71,115) (7,335) - (79,072)
Additions   12,191 1,585 29,613 2,798 16,895 63,082
Acquisitions through business combinations   979 3,531 78 4,147 2,137 10,872
Transfers   7,965 - - - (7,965) -
Disposals - at cost or revalued amount   (2,300) (54) (4,159) (5,407) (1,705) (13,625)
Disposals - accumulated depreciation   18 2 4,060 1,825   5,905
Depreciation charge 26 (5,694) (34) (22,852) (3,779) - (32,359)
Carrying amount at 31 December 2010   193,636 7,458 46,841 12,691 23,130 283,756
Cost or revalued amount at 31 December 2010   199,900 7,524 136,748 21,980 23,130 389,282
Accumulated depreciation   (6,264) (66) (89,907) (9,289) - (105,526)

Construction in progress consists of construction and refurbishment of the Group's premises. Upon completion, assets are transferred to office premises or other premises.

Office premises have been revalued to market value at 31 December 2009. The Group performs revaluation using appropriate valuation techniques and information about real estate transactions on the local market. At 31 December 2010 the carrying amount of office premises would have been RR 126 885 million (2009: RR 128 663 million) had the premises been carried at cost less depreciation. The amount reconciles to the carrying value of the office premises as follows:

In millions of Russian Roubles 2010 2009
Office premises at revalued amount in the statement of financial position 193,636 180,477
Revaluation reserve presented in equity (53,648) (55,540)
Negative revaluation of office premises presented in income statement - 14,996
Difference between accumulated depreciation based on cost and based on revalued amount (13,103) (11,270)
Office premises at cost less accumulated depreciation 126,885 128,663

At 31 December 2010 included in office and computer equipment are fully depreciated items in the amount of RR 27 741 million (2009: RR 31 821 million) and in vehicles and other equipment in the amount of RR 1 120 million (2009: RR 2 613 million).

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