GB AR16 E - v25 (single pages)

A Financial leased assets:

Property, plant and equipment include assets financially leased to others, under contracts which are subject to the provisions

of the LawNo. 95 for 1995, and it recognized as fixed assets as follows:

Lands &

buildings

Machinery &

equipments

Vehicles

IT infrastruc-

tures

& computers

Fixtures &

furniture

Total

Cost

Cost at 1 January2015

692 850

195 461

444 487

16 514

1 757

1 351 069

Additions during the year

616 293

22 275

252 030

21 173

911 771

Disposals during the year

( 286 256)

( 3 830)

( 107 275)

( 397 361)

Balance at 31December 2015

1 022887

213 906

589242

37 687

1 757

1 865 479

Cost at 1 Januaray2016

1 022 887

213 906

589 242

37 687

1 757

1 865 479

Additions during the year

1 386 160

124 732

184 190

505

1 695 587

Disposals during the year

( 210 852)

( 25 209)

( 100 655)

( 336 716)

Balance at 31December 2016

2 198 195

313 429

672 777

38 192

1 757

3 224 350

Accumulated depreciation

Accumulateddepreciationat 1 Januaray2015

8 739

21 530

158 498

2 469

146

191 382

Depreciation during the year

15 082

20 977

101 987

6 612

351

145 009

Disposals during the year

( 4 497)

( 1 149)

( 81 038)

( 86684)

Accumulateddepreciationat 31December 2015

19 324

41 358

179447

9081

497

249 707

Accumulateddepreciationat 1 Januaray2016

19 324

41 358

179 447

9 081

497

249 707

Depreciation during the year

25 027

27 582

127 623

8 369

351

188952

Disposals during the year

( 3 755)

( 10 111)

( 64 176)

( 78042)

Accumulateddepreciationat 31December 2016

40 596

58829

242894

17450

848

360617

Carring Amount

At 1 January2015

684 111

173 931

285 989

14045

1 611

1 159687

At 31December 2015

1 003 563

172 548

409 795

28606

1 260

1 615 772

At 31December 2016

2 157 599

254600

429883

20742

909

2863 733

Financial leased assets (Net)

Note

31 December

2016

31 December

2015

Financial leased assets (Net)

2 863 733

1 615 772

Deduct:-

Amounts under settlement of financial lease contracts

(29)

768 694

484 870

2095 039

1 130902

2016 ANNUAL REPORT

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)