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ICIEC Annual Report 1431H (2010G)/ Financial Results
NOTES TO FINANCIAL STATEMENTS YEAR ENDED 30 DHUL HIJJAH, 1431 (DECEMBER 6, 2010) (Expressed in Islamic Dinars)
12. PROPERTY AND EQUIPMENT The Corporation’s property and equipments are related to the policyholders’ fund. 1 Muharram 1431
Additions
Disposal
Transfer
30 Dhul Hijjah 1431
96,455 120,591 40,303 313,114 570,463
37,510 19,301 6,088 27,319 90,218
(31,374) (31,374)
11,538 (11,538) -
102,591 151,430 34,853 340,433 629,307
Total depreciation
65,291 78,586 28,932 241,887 414,696
9,988 11,223 3,444 27,068 51,723
(20,393) (20,393)
9,292 (9,292) -
54,886 99,101 23,084 268,955 446,026
Net Book Value at 1 Muharram
155,767
Cost: Vehicles Furniture and fixtures Office equipment Computer equipment Total Cost
Depreciation: Vehicles Furniture and fixtures Office equipment Computer equipment
183,281
Net Book Value at 30 Dhul Hijjah 1 Muharram 1430
30 Dhul Hijjah Additions
1430
Cost: Vehicles
96,455
-
96,455
Furniture and fixtures
112,214
8,377
120,591
Office equipment
36,814
3,489
40,303
Computer equipment
249,999
63,115
313,114
Total Cost
495,482
74,981
570,463
54,979
10,312
65,291
Depreciation: Vehicles Furniture and fixtures
69,012
9,574
78,586
Office equipment
26,726
2,206
28,932
Computer equipment
219,603
22,284
241,887
Total depreciation
370,320
44,376
414,696
Net Book Value at 1 Muharram
125,162
Net Book Value at 30 Dhul Hijjah
155,767