26. Tangible assets

 

 
  31.12.2014 31.12.2013
Tangible assets, including: 644 774 672 519
- land 1 335 1 267
- buildings and structures 202 454 215 061
- equipment 116 923 147 926
- vehicles 225 322 190 017
- other fixed assets 98 740 118 248
Fixed assets under construction 72 603 37 033
Total tangible assets 717 377 709 552
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Movements in tangible assets

 
Movements in tangible assets
from 1 January to 31 December 2014
Land Buildings and structures           Equipment Vehicles Other fixed
assets                  
Tangible
assets under
construction
Total

Gross value of tangible assets as at the
beginning of the period: 01.01.2014           

1 267 356 197 589 388 321 877 414 012 37 213 1 719 954
Increase (due to) 91 2 972 41 499 128 729 18 230 62 675 254 196
- purchase - 471 24 220 92 054 4 662 55 751 177 158
- transfer from tangible assets under construction - 543 10 731 61 12 997 - 24 332
- other increases 91 1 958 6 548 36 614 571 6 924 52 706
Decrease (due to) (23) (2 017) (52 772) (124 544) (13 364) (27 105) (219 825)
- sale - - (43 429) (88 642) (3 253) - (135 324)
- liquidation - (4) (4 632) (2) (9 500) - (14 138)
- transfer to tangible assets - - - - - (24 332) (24 332)
- transfer to intangible assets - - - - - (192) (192)
- non-current assets held for sale  - (638) (1 695) (678) (179) - (3 190)
- other decreases (23) (1 375) (3 016) (35 222) (432) (2 581) (42 649)

Gross value of tangible assets as at the end
of the period: 31.12.2014

1 335 357 152 578 115 326 062 418 878 72 783 1 754 325

Accumulated depreciation as at the
beginning of the period: 01.01.2014

- (91 866) (441 462) (131 860) (295 633) - (960 821)
Depreciation for the period (due to) - (6 693) (19 730) 31 145 (24 374) - (19 652)
- depreciation charge - (7 233) (49 319) (55 496) (36 037) - (148 085)
- other increases - (427) (1 613) (3) (336) - (2 379)
- sale - - 22 981 58 984 3 238 - 85 203
- liquidation - - 4 542 2 8 249 - 12 793
- non-current assets held for sale  - 514 1 048 345 71 - 1 978
- other decreases - 453 2 631 27 313 441 - 30 838

Accumulated depreciation as at the end of
the period: 31.12.2014

- (98 559) (461 192) (100 715) (320 007) - (980 473)

Impairment losses as at the beginning of the
period: 01.01.2014

- (49 270) - - (131) (180) (49 581)
- increase - (6 869) - (25) - - (6 894)

Impairment losses as at the end of the
period: 31.12.2014

- (56 139) - (25) (131) (180) (56 475)

Net value of tangible assets as at the end of
the period: 31.12.2014

1 335 202 454 116 923 225 322 98 740 72 603 717 377
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Movements in tangible assets
from 1 January to 31 December 2013
Land Buildings and
structures   
Equipment Vehicles  Other fixed
assets                  
Tangible
assets under
construction
Total

Gross value of tangible assets as at the
beginning of the period: 01.01.2013

1 175 354 336 563 252 330 624 416 971 40 531 1 706 889
Increase (due to) 153 3 132 44 566 59 367 25 107 38 597 170 922
- purchase - 447 26 122 54 512 2 756 35 224 119 061
- transfer from tangible assets under construction - 1 691 16 031 - 22 226 - 39 948
- other increases 153 994 2 413 4 855 125 3 373 11 913
Decrease (due to) (61) (1 271) (18 430) (68 114) (28 066) (41 915) (157 857)
- sale - (702) (2 938) (63 897) (2 281) - (69 818)
- liquidation - (177) (14 820) - (24 784) - (39 781)
- transfer to tangible assets - - - - - (39 948) (39 948)
- transfer to intangible assets - - - - - (493) (493)
- other decreases (61) (392) (672) (4 217) (1 001) (1 474) (7 817)

Gross value of tangible assets as at the end
of the period: 31.12.2013

1 267 356 197 589 388 321 877 414 012 37 213 1 719 954

Accumulated depreciation as at the
beginning of the period: 01.01.2013

- (85 293) (400 472) (118 134) (276 734) - (880 633)
Depreciation for the period (due to) - (6 573) (40 990) (13 726) (18 899) - (80 188)
- depreciation charge - (7 319) (58 373) (57 071) (39 225) - (161 988)
- other increases - - (192) - (1 230) - (1 422)
- sale - 693 2 672 40 632 2 090 - 46 087
- liquidation - 21 14 198 - 18 793 - 33 012
- other decreases - 32 705 2 713 673 - 4 123

Accumulated depreciation as at the end of
the period: 31.12.2013

- (91 866) (441 462) (131 860) (295 633) - (960 821)

Impairment losses as at the beginning of the
period: 01.01.2013

- (49 270) (207) - (2 695) (180) (52 352)
- decrease - - 207 - 2 564 - 2 771

Impairment losses as at the end of the
period: 31.12.2013

- (49 270) - - (131) (180) (49 581)

Net value of tangible assets as at the end of
the period: 31.12.2013

1 267 215 061 147 926 190 017 118 248 37 033 709 552
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The recoverable value of impaired tangible assets is the net sale price determined on the basis of market prices for similar assets.

As part of its activities as a lessor, the mBank Group presents within tangible assets those assets which are leased to third parties under operating lease agreements. The table below presents future minimum lease payments under non-cancellable operating lease agreements with the Group as a lessor.

 
  31.12.2014 31.12.2013
Minimum lease payments under non-cancellable operating lease    
Up to 1 year 46 662 48 985
Over 1 year up to 5 years 50 895 59 256
Over 5 years - 5
Total 97 557 108 246
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The Group presents depreciation of tangible assets leased under operating lease agreements as net income from operating lease (Note 10).