Strategic Report Strategic Report Strategic Report Financial Additional Overview Strategy Performance Governance Statements Information 12. Property and Equipment and Intangible Assets continued The movements in intangible assets were as follows: Software and license Other Total Cost 31 December 2017 103,893 4,610 108,503 Additions 20,684 23,371 44,055 Disposals (112) (1) (113) Demerger (7,798) (1,120) (8,918) Write-offs (14,419) (138) (14,557) Currency translation differences (115) – (115) 31 December 2018 102,133 26,722 128,855 Accumulated impairment 31 December 2017 226 – 226 Demerger (226) – (226) 31 December 2018 – – – Accumulated amortisation 31 December 2017 46,673 624 47,297 Amortisation charge 10,092 400 10,492 Disposals (107) (1) (108) Demerger (3,189) – (3,189) Write-offs (8,873) (58) (8,931) Currency translation differences (26) (46) (72) 31 December 2018 44,570 919 45,489 Net book value: 31 December 2017 56,994 3,986 60,980 31 December 2018 57,563 25,803 83,366 Annual Report 2018Bank of Georgia Group PLC 233