CTFA Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS 4.2 Balances at year end and movements for the year Fixtures and fittings Office equipment Computer equipment Total Reconciliation for the year ended 31 December 2020 Balance at 1 January 2020 At cost 234,834 18,762 127,499 381,095 Accumulated depreciation (52,121) (8,349) (99,877) (160,347) Net book value 182,713 10,413 27,622 220,748 Movements for the year ended 31 December 2020 Additions - - 63,550 63,550 Depreciation (38,976) (2,161) (36,334) (77,471) Property, plant and equipment at end of year 143,737 8,252 54,839 206,828 Closing balance at 31 December 2020 At cost 234,834 18,762 191,048 444,644 Accumulated depreciation (91,097) (10,510) (136,210) (237,817) Net book value 143,737 8,252 54,838 206,827 Fixtures and fittings Office equipment Computer equipment Total Reconciliation for the year ended 31 December 2019 Balance at 1 January 2019 At cost 234,834 10,482 127,499 372,815 Accumulated depreciation (12,974) (6,769) (78,131) (97,874) Net book value 221,860 3,713 49,368 274,941 Movements for the year ended 31 December 2019 Additions - 8,280 - 8,280 Depreciation (39,147) (1,580) (21,746) (62,473) Property, plant and equipment at end of year 182,713 10,413 27,622 220,748 Closing balance at 31 December 2019 At cost 234,834 18,762 127,499 381,095 Accumulated depreciation (52,121) (8,349) (99,877) (160,347) Net book value 182,713 10,413 27,622 220,748 ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 13