Sberbank - Annual Report 2010 - 14 Premises and Equipment

Home Financial Report Financial Statements Notes 14 Premises and Equipment

# 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).

## History

- 27 Income Taxes
- 13 Investment Securities Held to Maturity
- 12 Investment Securities Available for Sale
- 11 Securities Pledged under Repurchase Agreements
- 10 Loans and Advances to Customers

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