83 / 113
15 Non-Current assets held for sale
December 31, 2016
December
31, 2015
Land
Building Investment
Total
Total
Cost
Balance at 1 January
300471
14288
34750
349 509
314759
Additions during the year
-
-
-
-
34750
Disposal during the year
-
-
(39 409)
(39409)
-
Transferred to fixed assets
(300 471)
(14 288)
-
(314759)
-
Effect of movement of exchange rates
-
-
4 659
4659
-
Balance atDecember 31, 2016
-
-
-
-
349 509
Accumulated depreciation and impairment
Balance at 1 January
-
1 615
18 719
20 334
1 615
Impairment of non – current asset held
for sale
-
-
-
-
18 719
Reversal impairment of non – current
asset held for sale
-
-
(21 229)
(21 229)
-
Transferred to fixed assets
-
(1 615)
-
(1 615)
-
Effect of movement of exchange rates
-
-
2 510
2 510
-
Balance atDecember 31, 2016
-
-
-
-
20 334
Net carrying amount at the endof the year
-
-
-
-
329 175
2016 ANNUAL REPORT
81
GB Auto (S.A.E.)
Notes to the consolidated financial statements for the financial year ended December 31, 2016
(In thenotes all amounts are shown inThousandEgyptianPounds unless otherwise stated)