NOTES TO FINANCIAL STATEMENT
Property and equipment
Property and equipment
| Office equipment and decoration | Computers and software | Motor vehicles | Building | Land |
Total |
|
| AED | AED | AED | AED | AED | AED | |
| Cost | ||||||
| At 1 January 2018 | 4,802,229 | 2,631,816 | 295,000 | – | – | 7,729,045 |
| Additions during the year |
951,142 |
274,837 |
7,143 |
– |
– |
1,233,122 |
| At 31 December 2018 | 5,753,371 | 2,906,653 | 302,143 | – | – | 8,962,167 |
| Additions during the year | 254,587 | 284,140 | – | – | – | 538,727 |
| Transfers during the year (Note 5) |
– |
– |
– |
28,571,039 |
10,390,000 |
38,961,039 |
| At 31 December 2019 |
6,007,958 |
3,190,793 |
302,143 |
28,571,039 |
10,390,000 |
48,461,933 |
| Accumulated Depreciation | ||||||
| At 1 January 2018 | 3,210,173 | 2,190,680 | 62,342 | – | – | 5,463,195 |
| Charge for the year |
833,411 |
252,472 |
75,336 |
– |
– |
1,161,219 |
| At 31 December 2018 | 4,043,584 | 2,443,152 | 137,678 | – | – | 6,624,414 |
| Charge for the year |
703,163 |
252,555 |
75,335 |
798,423 |
– |
1,829,476 |
| At 31 December 2019 |
4,746,747 |
2,695,707 |
213,013 |
798,423 |
– |
8,453,890 |
| Carrying amount | ||||||
| As at 31 December 2019 |
1,261,211 |
495,086 |
89,130 |
27,772,616 |
10,390,000 |
40,008,043 |
| As at 31 December 2018 |
1,709,787 |
463,501 |
164,465 |
– |
– |
2,337,753 |
