Page 59 - Kitron Annual Report 2011

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Notes to the financial statements Kitron ASA
Tangible fixed assets and depreciation
(Amounts in NOK 1000)
Machinery and equipment
Acquisition cost at 1 January
30 342
Additions during the year
2 904
Disposals during the year
(19 715)
Acquisition cost at 31 December
13 531
Accumulated depreciation 1 January
22 526
Depreciation during the year
2 972
Disposals during the year
(16 994)
Accumulated depreciation at 31 December
8 504
Book value 31 December
5 027
Useful lifetime
3 - 5 years
Depreciation plan
Linear
Annual lease of fixed assets unrecognised in the balance sheet
Fixed asset
Length of lease
Annual rent
Premises
>2012
725
Operating equipment
>2012
599
Vehicles
>2012
605
The company has an option to buy leased printers.
Other intangible assets
(Amounts in NOK 1000)
System software
Acquisition cost at 1 January
31 524
Additions during the year
12 248
Disposals during the year
(9 076)
Acquisition cost at 31 December
34 696
Accumulated amortisation at 31 December
3 281
Book value 31 December
31 415
Ordinary amortisation for the year
2 966
Useful lifetime
7 years
Note 5 Tangible fixed assets and depreciation
Note 6 Other intangible assets