20 Property and equipment as well as investment property
audited information

 Download Excel

in CHF thousands

Property

Other
equipment

Total
property
and other
equipment

Investment
property

*

Contains charge-offs for fully written off assets.

As at 1 January 2008

 

 

 

 

Cost

224'419

58'443

282'862

41'572

Accumulated depreciation

–76'081

–45'019

–121'100

–9'383

Net book amount

148'338

13'424

161'762

32'189

 

 

 

 

 

Year ended December 2008

 

 

 

 

Opening net book amount

148'338

13'424

161'762

32'189

Additions

11'134

7'550

18'684

180

Disposals/write-offs *

–12'796

–2'749

–15'545

–227

Writing back of write-downs *

2'313

2'564

4'877

6

Depreciation

–6'298

–6'333

–12'631

–623

Closing net book amount

142'691

14'456

157'147

31'525

 

 

 

 

 

As at 31 December 2008

 

 

 

 

Cost

222'757

63'244

286'001

41'525

Accumulated depreciation

–80'066

–48'788

–128'854

–10'000

Net book amount

142'691

14'456

157'147

31'525

 

 

 

 

 

Year ended December 2009

 

 

 

 

Opening net book amount

142'691

14'456

157'147

31'525

Additions

3'558

5'670

9'228

1'045

Disposals/write-offs *

–130

0

–130

–2'793

Writing back of write-downs *

0

0

0

151

Amortisation

–6'469

–7'443

–13'912

–570

Closing net book amount

139'650

12'683

152'333

29'358

 

 

 

 

 

As at 31 December 2009

 

 

 

 

Cost

226'185

68'914

295'099

39'777

Accumulated depreciation

–86'535

–56'231

–142'766

–10'419

Net book amount

139'650

12'683

152'333

29'358

Additional information

 Download Excel

in CHF thousands

31.12.2009

31.12.2008

+/– %

Fire insurance value of property

254'189

251'144

1.2

Fire insurance value of investment property

18'610

17'392

7.0

Fire insurance value of other equipment

71'994

71'548

0.6

Fair value of investment property

30'345

33'138

–8.4

There are no financing leases for premises or equipment.

Future net commitments for operating leases

 Download Excel

in CHF thousands

31.12.2009

31.12.2008

+/– %

Due 2010

349

156

123.7

Due 2011 to 2015

16'910

5'469

209.2

Due 2016 and thereafter

11'893

16'776

–29.1

Total future net commitments
for operating leases

29'152

22'401

30.1

Operating expenses for 2009 include CHF thousands 4'349 and for 2008 CHF thousands 4’157 from operating leases. At year's end, LLB Group was obligated under a number of non-cancellable operating leases for premises and equipment used mainly for banking purposes. The significant premises leases include renewal options and escalation clauses.

Future net receivables from operating leases

 Download Excel

in CHF thousands

31.12.2009

31.12.2008

+/– %

Due 2010

380

412

–7.8

Due 2011 to 2015

507

679

–25.3

Due 2016 and thereafter

1'594

1'782

–10.5

Total future net receivables
from operating leases

2'481

2'873

–13.6

Other income for 2009 includes CHF thousands 1'807 and for 2008 CHF thousands 1'542 from operating leases.