23 Property, fixtures and equipment

	Freehold land	Rights of use assets	Building	Furniture, fixtures and equipment	Motor vehicles		Computer hardware and software	Capital work-in-progress	Total
	AED’000	AED’000	AED’000	AED’000	AED’000		AED’000	AED’000	AED’000
Cost:
At 1 January 2022	20,000	10,466	55,000	38,842	2,901		58,429	19,295	204,933
Additions during the year	–	512	–	573	772		867	12,842	15,566
Disposal	–	(10,468)	–	–	(575)		–	–	(11,043)
At 31 December 2022	20,000	510	55,000	39,415	3,098		59,296	32,137	209,456
At 1 January 2023	20,000	510	55,000	39,415	3,098		59,296	32,137	209,456
Additions during the year	3,714	–	1,443	12,076	–		15,318	(20,168)	12,383
Disposal	–	(510)	–	–	–		–	–	(510)
At 31 December 2023	23,714	–	56,443	51,491	3,098		74,614	11,969	221,329

 

	Freehold land	Rights of use assets	Building	Furniture, fixtures and equipment		Motor vehicles		Computer hardware and software	Capital work-in-progress	Total
	AED’000	AED’000	AED’000	AED’000		AED’000		AED’000	AED’000	AED’000
Accumulated depreciation:
At 1 January 2022	–	9,256	5,195	38,148		2,023		51,051	–	105,673
Charge for the year	–	1,358	1,833	535		422		5,006	–	9,154
Release on disposals	–	(10,465)	–	–		(575)		–	–	(11,040)
At 31 December 2022	–	149	7,028	38,683		1,870		56,057	–	103,787
At 1 January 2023	–	149	7,028	38,683		1,870		56,057	–	103,787
Charge for the year	–	256	882	327		344		5,140	406	7,355
Release on disposals	–	(405)	(3,221)	–		–		–	–	(3,626)
Transfer	–	–	(3,651)	–		–		–	–	(3,651)
At 31 December 2023	–	–	1,038	39,010		2,214		61,197	406	103,865
Net book value:
At 31 December 2022	20,000	361	47,972		732	1,228	3,239		32,137	105,669
At 31 December 2023	23,714	–	55,405		12,481	884	13,417		11,563	117,464

 

*Out of total depreciation expense of AED 7,355 thousands (2022: AED 9,154 thousands), AED 787 thousands (2022: AED 1,365 thousands) for the year has been classified to insurance expense.