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 |
|
Leased equipment |
|
Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
On January 1, 2022 |
|
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 |
Additions |
|
1,039 |
|
20,639 |
|
5,492 |
|
982 |
|
– |
|
28,152 |
Disposals |
|
(220) |
|
(234) |
|
(333) |
|
– |
|
– |
|
(787) |
On December 31, 2024 |
|
9,714 |
|
48,990 |
|
10,709 |
|
2,957 |
|
346 |
|
72,715 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and impairment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
On January 1, 2022 |
|
(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) |
Depreciation |
|
(1,252) |
|
(3,657) |
|
(2,067) |
|
(234) |
|
(35) |
|
(7,245) |
Disposals |
|
155 |
|
234 |
|
333 |
|
– |
|
– |
|
722 |
On December 31, 2024 |
|
(7,901) |
|
(15,210) |
|
(4,093) |
|
(1,773) |
|
(221) |
|
(29,198) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Carrying Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
On December 31, 2024 |
|
1,813 |
|
33,780 |
|
6,615 |
|
1,184 |
|
125 |
|
43,517 |
Depreciation is recognized as from the moment when the asset is ready for its intended use so as to depreciate the cost of the 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: three to five years
- IT equipment: three years
Depreciation of right-of-use assets is done over the expected duration of the lease including lease extensions where applicable.
As of December 31, 2024, there are no material commitments to acquire property, plant and equipment. Furthermore, no items of property, plant and equipment are pledged. See “Note 21 Leases” for information for leases where the Company is a lessee.