4. Property, Plant and Equipment
(in thousands of $) |
|
IT, office and lab equipment |
|
Right-of-use assets Buildings |
|
Right-of-use assets Vehicles |
|
Leasehold improvements |
|
Lease equipment |
|
Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
On January 1, 2021 |
|
4,889 |
|
11,721 |
|
2,273 |
|
1,424 |
|
346 |
|
20,653 |
Additions |
|
3,163 |
|
4,923 |
|
802 |
|
543 |
|
– |
|
9,430 |
Disposals |
|
(217) |
|
– |
|
– |
|
– |
|
– |
|
(217) |
Currency translation adjustment |
|
104 |
|
(182) |
|
– |
|
14 |
|
– |
|
(64) |
On December 31, 2021 |
|
7,938 |
|
16,462 |
|
3,075 |
|
1,981 |
|
346 |
|
29,802 |
Additions |
|
962 |
|
3,353 |
|
905 |
|
– |
|
– |
|
5,219 |
Disposals |
|
(105) |
|
– |
|
– |
|
– |
|
– |
|
(105) |
Currency translation adjustment |
|
(635) |
|
– |
|
– |
|
– |
|
– |
|
(635) |
On December 31, 2022 |
|
8,160 |
|
19,815 |
|
3,980 |
|
1,981 |
|
346 |
|
34,282 |
Additions |
|
937 |
|
8,770 |
|
2,327 |
|
48 |
|
– |
|
12,082 |
Disposals |
|
(202) |
|
– |
|
(757) |
|
(54) |
|
– |
|
(1,013) |
On December 31, 2023 |
|
8,895 |
|
28,585 |
|
5,550 |
|
1,975 |
|
346 |
|
45,350 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and impairment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
On January 1, 2021 |
|
(3,642) |
|
(4,044) |
|
(760) |
|
(543) |
|
(82) |
|
(9,071) |
Depreciation |
|
(1,118) |
|
(2,714) |
|
(651) |
|
(539) |
|
(34) |
|
(5,055) |
Disposals |
|
158 |
|
– |
|
– |
|
– |
|
– |
|
158 |
Currency translation adjustment |
|
37 |
|
(15) |
|
– |
|
(11) |
|
– |
|
10 |
On December 31, 2021 |
|
(4,565) |
|
(6,774) |
|
(1,411) |
|
(1,093) |
|
(116) |
|
(13,958) |
Depreciation |
|
(1,388) |
|
(2,179) |
|
(735) |
|
(257) |
|
(35) |
|
(4,593) |
Disposals |
|
90 |
|
– |
|
– |
|
– |
|
– |
|
90 |
Currency translation adjustment |
|
408 |
|
5 |
|
1 |
|
1 |
|
– |
|
414 |
On December 31, 2022 |
|
(5,454) |
|
(8,948) |
|
(2,145) |
|
(1,350) |
|
(150) |
|
(18,047) |
Depreciation |
|
(1,539) |
|
(2,839) |
|
(971) |
|
(189) |
|
(36) |
|
(5,574) |
Disposals |
|
189 |
|
– |
|
757 |
|
– |
|
– |
|
946 |
On December 31, 2023 |
|
(6,804) |
|
(11,787) |
|
(2,359) |
|
(1,539) |
|
(186) |
|
(22,675) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Carrying Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
On December 31, 2021 |
|
3,373 |
|
9,688 |
|
1,664 |
|
888 |
|
230 |
|
15,844 |
On December 31, 2022 |
|
2,706 |
|
10,867 |
|
1,835 |
|
631 |
|
196 |
|
16,234 |
On December 31, 2023 |
|
2,091 |
|
16,798 |
|
3,191 |
|
436 |
|
160 |
|
22,675 |
Depreciation is recognized as from acquisition date onwards (unless asset is not ready for use) so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. Unless revised due to specific changes in the estimated useful life, annual depreciation rates are as follows:
- Office and lab equipment: 3–5 years
- IT equipment: 3 years
As of December 31, 2023, there are no material commitments to acquire property, plant and equipment. Furthermore, no items of property, plant and equipment are pledged. See note 22 for information for leases where the Company is a lessee.