Page 47 - Annual Report 2017

December31, 2017
(expressed in United States Dollars)

9 Property and equipment

Computer
land Equipment Furniture Fixtures
and and and and Mator Construction-
Building Software Equipment Fittings Vehicles in-progress Total
$ $ $ $ $ $ $
At Oecember 31 , 2015

Cost 621 ,607 165,151 177,034 55,283 29,767 98,727 1,147,569
Accumulated depreciation (158,603) (132,532) (141,809) (44,712) (28,278) (505,934)
Net book amoUnt 463,004 32,619 35,225 10,571 1,489 98,727 641 ,635

Vear ended Oecember 31, 2016

Opening net bookamount 463,004 32,619 35,225 10571 1,489 98,727 641 ,635
Additions 39,365 5,098 30,485 74,948
Oepreciation (Note 13) (14,225) (16,249) (9,362) (3,886) (1,489) (45,211 )
Closing net book amount 448,779 55,735 30,961 6,685 129,212 671 ,372

At Oecember 31 , 2016

Cost 621 ,607 204,516 182,132 55,283 29,767 129,212 1,222,517
Accumulated depreciation (172,828) (148,781 ) (151 ,171 ) (48,598) (29,767) (551,145)

Net book amoUnt 448,779 55,735 30,961 6,685 129,212 671 ,372

Vear ended Oecember 31, 2017

Opening net bookamount 448,779 55,735 30,961 6,685 129,212 671 ,372
Additions 6,540 1,220 612 12,685 21 ,057
Oepreciation (Note 13) (14,225) (19,044) (7,445) (2,986) (43,700)

Closing net book amoUnt 434,554 43,231 24,736 4,311 141 ,897 648,729

At Oecember 31,2017

Cost 621 ,607 211 ,056 183,352 55,895 29,767 141 ,897 1,243,574
Accumulated depreciation (187,053) (167,825) (158,616) (51 ,584) (29,767) (594,845)

Net book amount 434,554 43,231 24,736 4,311 141 ,897 648,729

Fair value of the Group':;; main property assets is estimated based on appraisals performed by lAS 40.75{e) independent,
professionally-qualified property valuers on January 28, 2016. The significant inputs and assumptions are developed in close consultation
with management. The valuation processes and fair value changes are reviewed by the board of directors and audit committee at each
reporting date.