Komplett Bank annual report 2019

Note 5 Intangible assets and fixed assets NOK million Fixtures and fittings Office machines Intangible assets Rigths of use Other Total Accumulated historical cost at 01.01.2018 1.5 0.5 83.5 - - 85.4 Additions in the period 0.4 0.5 67.5 - 0.2 68.6 Disposals in the period - - - - - - Historical cost at 31.12.2018 1.9 1.0 151.0 - 0.2 153.8 Accumulated depreciations at 01.01.2018 0.7 0.3 26.7 - - 27.7 Annual depreciations 2018 0.3 0.1 28.3 - - 28.7 Accumulated depreciations at 31.12.2018 1.0 0.4 55.0 - - 56.3 Book value at 31.12.2018 0.9 0.6 96.0 - 0.2 97.7 Accumulated historical cost at 01.01.2019 1.9 1.0 151.0 - 0.2 153.8 Additions in the period 0.4 0.1 98.6 19.4 - 118.6 Disposals in the period - - - - - - Historical cost at 31.12.2019 2.3 1.1 249.6 19.4 0.2 272.6 Accumulated depreciations at 01.01.2019 1.0 0.4 55.0 - - 56.4 Annual depreciations 2019 0.3 0.2 51.3 3.8 - 55.6 Accumulated depreciations at 31.12.2019 1.3 0.6 106.3 3.8 - 111.9 Book value at 31.12.2019 1.0 0.5 143.3 15.6 0.2 160.6 Economic life 5 years 3 years 5 years See below No deprecation Other intangible assets and fixed assets are depreciated on a straight-line basis over their lifetime. Intangible assets consist to a high degree of IT systems and rights acquired and developed in-house. The rights of use assets relates to the Bank’s leasing agreements and are depreciated over the length of the leasing agreement. No impairments have been recognised for other intangible assets or fixed assets either in the previous or current period. 80 Notes to the financial statements