Notes to Consolidated Financial Statements continued Thousands of Georgian Lari 12. Property and Equipment and Intangible Assetscontinued Software and license Other Total Cost 31 December 2016 89,410 9,537 98,947 Additions 40,739 855 41,594 Disposals (137) (47) (184) Transfers 6,855 (6,855) – Business combination 325 1,120 1,445 Disposal of subsidiary (33,259) – (33,259) Currency translation differences (40) – (40) 31 December 2017 103,893 4,610 108,503 Accumulated impairment 31 December 2016 241 – 241 Currency translation differences (15) – (15) 31 December 2017 226 – 226 Accumulated amortisation 31 December 2016 37,745 2,054 39,799 Amortisation charge 11,784 630 12,414 Disposals (179) – (179) Transfers 2,062 (2,062) – Disposal of subsidiary (4,793) – (4,793) Currency translation differences 54 2 56 31 December 2017 46,673 624 47,297 Net book value: 31 December 2016 51,424 7,483 58,907 31 December 2017 56,994 3,986 60,980 Cost 31 December 2015 64,515 7,661 72,176 Additions 23,841 1,876 25,717 Disposals (984) – (984) Business combination 1,940 – 1,940 Currency translation differences 98 – 98 31 December 2016 89,410 9,537 98,947 Accumulated impairment 31 December 2015 217 – 217 Currency translation differences 24 – 24 31 December 2016 241 – 241 Accumulated amortisation 31 December 2015 30,203 1,242 31,445 Amortisation charge 7,631 812 8,443 Disposals (141) – (141) Currency translation differences 52 – 52 31 December 2016 37,745 2,054 39,799 Net book value: 31 December 2015 34,095 6,419 40,514 31 December 2016 51,424 7,483 58,907 234 Annual Report 2018Bank of Georgia Group PLC