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8.
PROPERTY, FURNITURE AND EQUIPMENT, NET
As of December 31, 2015 and 2014, the change of cost and accumulated depreciation of property,
furniture and equipment was as follows:
Buildings and Furniture Transportation
Sundry
facilities
and fixtures
units
equipment
Total
S/.000
S/.000
S/.000
S/.000
S/.000
Cost:
Balance as of January 1, 2014
22,498
2,669
208
16,824
42,668
Additions
12
205
-
1,421
1,638
Retirements
(637)
(330)
(24)
(2,356)
(3,347)
Balance as of December 31, 2014
21,873
2,544
184
15,889
40,959
Additions
-
63
-
1,992
2,055
Retirements
-
-
-
(7)
(7)
Balance as of December 31, 2015
21,873
2,607
184
17,874
43,007
Accumulated depreciation:
Balance as of January 1, 2014
15,729
2,259
191
10,760
28,939
Additions
636
112
17
1,417
2,182
Retirements
(636)
(312)
(24)
(2,338)
(3,310)
Balance as of December 31, 2014
15,729
2,059
184
9,839
27,811
Additions
605
85
-
1,931
2,621
Retirements
-
-
-
(4)
(4)
Balance as of December 31, 2015
16,334
2,144
184
11,766
30,428
Net cost:
As of December 31, 2015
5,539
463
-
6,108
12,579
As of December 31, 2014
6,144
485
-
6,050
13,148
Management believes that the recoverable values of property, furniture and equipment as of
December 31, 2015 and 2014 are higher than their carrying values; therefore, they have
considered that no impairment loss provision is required for those assets.
COFIDE has entered into insurance policies to cover loss risks to which several elements of
property, furniture and equipment are subjected to, as well as possible claims that may present for
the period of its activity.
As of December 31, 2015, fully depreciated property, furniture and equipment, still in use,
amounted to (in thousands) S/.11,428 (S/.7,840 as of December 31, 2014).