CA Indosuez (Switzerland) SA - 2018 Annual Report

69

2018 annual financial statements

5.8. Property, plant and equipment

CURRENT YEAR

(in thousands of CHF)

Acquisition cost

Accumulated

depreciation and

value adjustments

Book value

at 31.12.2017

Reclassifications

Investments - -39,171

Disposals*

Depreciation

Reversals

Book value

at 31.12.2018

Bank buildings

272,493 -60,920 211,573

-

-3,018

- 169,384

Self-developed software

25,094 -9,868 15,226

-

- -15,226

-

-

0

Other property, plant and equipment

134,877 -93,940 40,937

-

1,582

-8,513

-5,683

-

28,323

Total property, plant and equipment

-

-

432,464 -164,728 267,736

1,582 -62,910

-8,701

197,707

* In 2018, the Bank separated from its CA-PBS banking services business by launching Azqore SA with retroactive effect to 1 January 2018. This spin-off resulted in the transfer of ownership of property, plant and equipment for a total of CHF 62.4m in net book value.

Operating leases Off-balance sheet leasing obligations (in thousands of CHF)

31.12.2018

31.12.2017

Maturing in less than 12 months

-

-

Maturing in 12 months to 5 years

-

4,818

Maturing beyond 5 years

-

-

Total off-balance sheet leasing obligations

-

4,818

of which may be terminated within 12 months

-

-

Operating leases, which related solely to computer hardware, were also transferred to Azqore SA as part of the spin-off. As of 31 December 2018, the Bank had no operating leases.

5.9. Intangible assets

CURRENT YEAR

(in thousands of CHF)

Acquisition cost

Accumulated

depreciation and

value adjustments

Book value

at 31.12.2017

Investments

Disposals

Depreciation

Book value

at 31.12.2018

31,527

-525

31,002

-

-430

-6,218

24,353

Goodwill

Total intangible assets

31,527

-525

31,002

-

-430

-6,218

24,353