Notes to Consolidated Financial Statements continued Thousands of Georgian Lari 12. Property and Equipment and Intangible Assets The movements in property and equipment during the year ended 31 December 2018 were as follows: Office buildings Furniture Computers and service and and Moto Leasehold Assets under InfrastructureFactory and centres fixtures equipment vehicles improvements construction assets equipment Other Total Cost 31 December 2017 346,263 205,135 117,165 37,126 20,871 153,990 275,667 91,023 2,138 1,249,378 Additions 282 24,498 19,794 1,124 367 25,198 – – – 71,263 Disposals (1,679) (3,069) (2,706) (2,700) (859) – – – – (11,013) Transfers 11,200 (438) (779) – 6,651 (16,634) – – – – Transfers to investment properties (10,737) – – – – (3,741) – – – (14,478) Transfers (to) from other assets – (12,874) (2,201) (1,101) – 43 – – – (16,133) Revaluation 2,607 – – – – – – – – 2,607 Demerger (144,730) (6,340) (13,199) (29,298) (1,210)(146,120)(275,667) (91,023) (2,138) (709,725) Currency translation differences (859) (109) (440) (17) (30) (20) – – – (1,475) 31 December 2018 202,347 206,803 117,634 5,134 25,790 12,716 – – – 570,424 Accumulated impairment 31 December 2017 2,862 38 79 7 – 9 – – – 2,995 Demerger (390) – 4 – – – – – – (386) Currency translation differences (55) (6) 4 – – (9) – – – (66) 31 December 2018 2,417 32 87 7 – – – – – 2,543 Accumulated depreciation 31 December 2017 26,306 119,716 70,379 7,338 7,095 2 23,084 3,887 140 257,947 Depreciation charge 2,141 15,063 11,493 975 5,236 – – – – 34,908 Currency translation differences (254) (2) (62) 2 (24) – 117 – (115) (338) Transfers – 235 (235) – – – – – – – Transfers to investment properties (914) – – – – – – – – (914) Transfers (to) from other assets – (14,760) (1,048) – – – – – – (15,808) Revaluation (32) – – – – – – – – (32) Demerger (5,658) (1,867) (5,949) (3,006) (238) (2) (23,201) (3,887) (25) (43,833) Disposals (1,237) (2,393) (999) (2,678) (801) – – – – (8,108) 31 December 2018 20,352 115,992 73,579 2,631 11,268 – – – – 223,822 Net book value: 31 December 2017 317,095 85,381 46,707 29,781 13,776 153,979 252,583 87,136 1,998 988,436 31 December 2018 179,578 90,779 43,968 2,496 14,522 12,716 – – – 344,059 230 Annual Report 2018Bank of Georgia Group PLC