84 / 113
Lands &
buildings
Machinery
&
equip-
ments
Vehicles
IT infra-
structures
& computers
Fixtures &
furniture
Leasehold
improve-
ments
Projects
under
construction
*
Total
Cost
Cost at 1 January2015
1 888 118
657 401
628 880 87 519
174 339
16 155
230 905
3 683 317
Reclassification
-
( 38)
-
359
( 1 148)
827
-
-
Additions during the year
630 076
55 519
278 395
36 853
19 758
373
243 846
1 264820
Transferred to investment property under development
( 3 565)
-
-
-
-
-
-
( 3 565)
TransferredfromprojectsunderconstructiontoPP&Eandintangibleassets
141 674
21 022
-
298
15 788
2 109
( 183 544)
( 2653)
Disposals during the year
( 286 256)
( 5 578)
( 119 834)
( 320)
( 8 365)
-
( 2 906)
( 423 259)
Effect of movements of exchange rates
( 9 793)
811
382
238
3 697
( 99)
930
( 3 834)
Balance at 31December 2015
2 360254
729 137
787 823
124947
204069
19 365
289231
4 514826
Cost at 1 Januaray2016
2 360 254 729 137
787 823
124 947
204 069
19 365
289 231
4 514826
Reclassification
-
( 188)
-
-
188
-
-
-
Additions during the year
1 070 022 144 967
229 071
14 468
19 606
2 193
201 302
1 681 629
TransferredfromprojectsunderconstructiontoPP&Eandintangibleassets 195 053
49 376
-
1 048
26 774
-
( 274 497)
( 2246)
Reclassification fromassets held for sale
314 759
-
-
-
-
-
-
314759
Disposals during the year
( 210 852)
( 28 808)
( 117 800) ( 133)
( 10 993)
-
-
( 368 586)
Effect of cost modification usingmodification factor
-
355 861
82 401
57 643
120 330
-
32 538
648 773
Effect of movements of exchange rates
236 772
24 088
16 875
4 945
56 483
3 104
4 302
346 569
Balance at 31December 2016
3 966008
1 274433
998 370
202918
416457
24662
252876
7 135 724
Accumulated depreciation and impairment losses
Accumulateddepreciationat 1 Januaray2015
108 007
210 460
234 049
51 836
81 698
8 423
-
694473
Reclassification
-
( 9)
-
123
( 542)
428
-
-
Depreciation during the year
34 266
53 247
122 961
16 072
22 957
3 237
-
252 740
Disposals during the year
( 4 497)
( 2 794)
( 85 176)
( 237)
( 3 256)
-
-
( 95 960)
Impairment during the year
-
1 343
-
-
115
-
133
1 591
Effect of movements of exchange rates
114
161
78
147
1 143
( 17)
-
1 626
Accumulateddepreciationat 31December 2015
137 890
262408
271 912
67 941
102 115
12071
133
854470
Accumulateddepreciationat 1 Januaray2016
137 890
262 408
271 912
67 941
102 115
12 071
133
854470
Depreciation during the year
48 847
69 395
149 171
20 791
26 559
3 170
-
317 933
Reclassification fromassets held for sale
1 615
-
-
-
-
-
-
1 615
Disposals during the year
( 3 755)
( 12 899)
( 74 044)
( 95)
( 5 425)
-
-
( 96218)
Effectofaccumulateddepreciationmodificationusingmodificationfactor -
164 986
56 359
42 104
67 074
-
-
330 523
Impairment of Fixed Assets
-
-
-
-
-
-
2 788
2 788
Effect of movements of exchange rates
13 420
5 401
7 142
3 870
23 410
842
2 895
56980
Accumulateddepreciationat 31December 2016
198017
489291
410 540
134611
213 733
16083
5 816
1 468091
Net carring Amount
At 1 January2015
1 780 111
446941
394831
35 683
92641
7 732
230905
2988844
At 31December 2015
2222 364
466 729
515 911
57006
101 954
7 294
289098
3 660 356
At 31December 2016
3 767 991
785 142
587 830
68 307
202 724
8 579
247060
5 667 633
* Projects under construction represented in the cost of buildings, factories expansions and showrooms, which are being prepared and fixed for the group use
16- Property, plant, equipment and Projects under constructions
2016 ANNUAL REPORT
82
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)