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9. Property and Equipment

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in thousands of EUR

2016

2015

 

 

 

 

 

 

Property for own use

40,288

41,628

Equipment

16,437

16,764

 

 

 

 

 

 

 

56,725

58,392

 

 

The movement in the property for own use is as follows:

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in thousands of EUR

2016

2015

 

 

 

 

 

 

Purchase value as at 1 January

47,866

29,100

Cumulative revaluation as at 1 January

–2,269

–2,269

Cumulative depreciation as at 1 January

–3,969

–3,497

 

 

 

 

 

 

Balance sheet as at 1 January

41,628

23,334

Purchase

1,688

19,081

Depreciation

–820

–473

Revaluation

Exchange rate differences

–2,208

–314

 

 

 

 

 

 

Balance sheet value as at 31 December

40,288

41,628

 

 

Purchase value as at 31 December

47,327

47,866

Cumulative revaluation as at 31 December

–2,269

–2,269

Cumulative depreciation as at 31 December

–4,770

–3,969

 

 

 

 

 

 

Balance sheet value as at 31 December

40,288

41,628

 

 

The property for own use was valued by an external appraiser in November 2013. A valuation is carried out at least every five years by an external appraiser.

The movement in equipment is as follows:

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in thousands of EUR

2016

2015

 

 

 

1

excluding disposal in the amount of EUR 4.6 million (2015: EUR 1.2 million).

 

 

 

Purchase value as at 1 January

37,543

34,414

Cumulative depreciation as at 1 January

–20,779

–17,927

 

 

 

 

 

 

Balance sheet value as at 1 January

16,764

16,487

Purchase

4,196

4,487

Sale1

–376

Depreciation1

–4,219

–3,977

Exchange rate differences

–304

143

 

 

 

 

 

 

Balance sheet value as at 31 December

16,437

16,764

 

 

 

Purchase value as at 31 December

36,571

37,543

Cumulative depreciation as at 31 December

–20,134

–20,779

 

 

 

 

 

 

Balance sheet value as at 31 December

16,437

16,764