DMIT Annual Report 2017

N OTES TO THE C ONSOLIDATED F INANCIAL S TATEMENTS (Thousands of US dollars) Dar Al-Maal Al-Islami Trust 68 16. Property, Plant and Equipment Land and buildings Leasehold property, furniture, equipment and motor vehicles Total Cost At 1 January 2017 108,266 116,253 224,519 Additions 24,701 13,488 38,189 Disposals - (3,607) (3,607) Foreign exchange differences (2,271) (4,352) (6,623) At 31 December 2017 130,696 121,782 252,478 Depreciation At 1 January 2017 17,082 93,274 110,356 Charge for the year 505 7,352 7,857 Disposals - (3,645) (3,645) Foreign exchange differences (746) (3,066) (3,812) At 31 December 2017 16,841 93,915 110,756 Cost At 1 January 2016 112,038 112,198 224,236 Additions - 10,587 10,587 Disposals (4,012) (6,842) (10,854) Foreign exchange differences 240 310 550 At 31 December 2016 108,266 116,253 224,519 Depreciation At 1 January 2016 16,564 93,660 110,224 Charge for the year 449 5,927 6,376 Disposals - (6,528) (6,528) Foreign exchange differences 69 215 284 At 31 December 2016 17,082 93,274 110,356 Net book value At 31 December 2017 113,855 27,867 141,722 At 31 December 2016 91,184 22,979 114,163 Land and buildings at 31 December 2017 included cost of land aggregated USD 104 million (2016: USD 80.1 million). Leasehold property at 31 December 2017 aggregated USD 38.6 million (2016: USD 34.4 million), less accumulated depreciation of USD 25.4 million (2016: USD 25.7 million).