Convenience translation into english

XIII. PROPERTY AND EQUIPMENT
Property and equipment is measured at its cost when initially recognized and any directly attributable costs of setting up the asset are included in the initial measurement.
Depreciation is calculated over the restated amounts of property and equipment using the
straight-line method. The expected useful lives are stated below:
Buildings 50 years

Machinery, furniture, fixtures and vehicles 5 years

The depreciation charge for items remaining in the property and equipment for less than an accounting period at the balance sheet date is calculated in proportion to the period the item remained in the property and equipment.
Where the carrying amount of an asset is greater than its estimated net realizable value, it is written down immediately to its recoverable amount and the provision for the diminution in value is charged to income statement.
Gains and losses on disposal of property and equipment are determined by deducting the net book value of the property and equipment from its sales revenue.
Expenditure for the repair and renewal of property and equipment is charged against income. The capital expenditures made in order to increase the capacity of the tangible asset to increase the future benefit of the asset are added to the cost of the tangible asset.
There are no pledges, mortgages and other commitments given to acquire property and equipment and there are no other limitations on property and equipment which restrict the right to use them.
The Bank does not expect any changes in the accounting estimates related with property and equipment that will have a significant impact in the current period or that may have a significant impact on future periods.