18 Property and other equipment as well as investment property

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in CHF thousands

Property

Other equipment

Total property and other equipment

Investment property

As at 1 January 2014

 

 

 

 

Cost

232'239

93'969

326'208

26'344

Accumulated depreciation

–109'907

–65'863

–175'770

–4'961

Net book amount

122'332

28'106

150'438

21'383

 

 

 

 

 

Year ended December 2014

 

 

 

 

Opening net book amount

122'332

28'106

150'438

21'383

Additions

3'518

5'249

8'767

1'385

Disposals

–12'878

–645

–13'523

–6'383

Amortisation

–6'535

–8'408

–14'943

0

(Disposals) / Additions from accumulated depreciation

625

187

812

0

Closing net book amount

107'061

24'489

131'550

16'385

 

 

 

 

 

As at 31 December 2014

 

 

 

 

Cost

222'879

98'573

321'452

21'346

Accumulated depreciation

–115'818

–74'084

–189'902

–4'961

Net book amount

107'061

24'489

131'550

16'385

 

 

 

 

 

Year ended December 2015

 

 

 

 

Opening net book amount

107'061

24'489

131'550

16'385

Additions

401

8'128

8'529

1'240

Disposals

–116

–97

–213

–1'385

Amortisation

–6'613

–9'328

–15'941

0

(Disposals) / Additions from accumulated depreciation

44

9'684

9'728

0

Change from disposals to the scope of consolidation

0

–10'332

–10'332

0

Closing net book amount

100'778

22'544

123'321

16'240

 

 

 

 

 

As at 31 December 2015

 

 

 

 

Cost

223'164

96'272

319'436

21'201

Accumulated depreciation

–122'386

–73'728

–196'115

–4'961

Net book amount

100'778

22'544

123'321

16'240

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Additional information

in CHF thousands

31.12.2015

31.12.2014

+/– %

Fire insurance value of property

251'397

272'295

–7.7

Fire insurance value of investment property

1'190

1'900

–37.4

Fire insurance value of other equipment

68'890

69'743

–1.2

Fair value of investment property

16'240

16'385

–0.9

There are no financing leases for premises or equipment.

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Future net commitments for operating leases

in CHF thousands

31.12.2015

31.12.2014

+/– %

Due to 2016

3'505

3'763

–6.9

Due 2017 to 2021

10'855

10'741

1.1

Due 2022 and thereafter

3'708

8'711

–57.4

Total future net commitments for operating leases

18'068

23'215

–22.2

Operating expenses for 2015 include CHF thousands 3’598 and for 2014 CHF thousands 5’128 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.

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Future net receivables from operating leases

in CHF thousands

31.12.2015

31.12.2014

+/– %

Due to 2016

1'598

1'594

0.3

Due 2017 to 2021

4'280

3'609

18.6

Due 2022 and thereafter

4'406

5'604

–21.4

Total future net receivables from operating leases

10'284

10'807

–4.8

Other income for 2015 includes CHF thousands 1’804 and for 2014 CHF thousands 1’870 from operating leases.