Page 96 - 86395_CCB - 2024 Annual Report (web)

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2023 Property Computer Fixtures
£’000 lease hardware and fittings Total

Cost
Balance at 1 January 2023 2,152 799 1,060 4,011
Additions – 121 – 121
Disposals – (464) – (464)

Balance at 31 December 2023 2,152 456 1,060 3,668
Accumulated Depreciation
Balance at 1 January 2023 482 585 578 1,645

Charge for the year 166 113 151 430
Eliminated on disposals – (434) – (434)
Balance at 31 December 2023 648 264 729 1,641
At 1 January 2023 1,670 214 482 2,366
At 31 December 2023 1,504 192 331 2,026

19 Intangible assets
Intangible assets that are generated are stated at Amortisation is charged to the income statement
cost less accumulated amortisation and impairment on a straight‑line basis over the estimated useful
losses. Expenditure on computer software lives of intangible assets unless such lives are
development is capitalised if the product or process indefinite. Intangible assets with an indefinite useful
is technically and commercially feasible, future life are systematically tested for impairment at each
economic benefits are probable, and the Bank balance sheet date. Other intangible assets are
can reliably measure the expenditure attributable amortised from the date they are available for use.
to the intangible asset during its development. The estimated useful life of capitalised computer
The capitalised expenditure includes the cost software development costs is 3 to 5 years.
of direct labour and software licence costs. Intangible assets include assets totalling £397k
Capitalised developments are stated at cost less which were in the course of construction at the
accumulated amortisation.
31 December 2024 (2023: £515k).

2024 Computer 2023 Computer
£’000 software £’000 software
Cost Cost
Balance at 1 January 2024 4,769 Balance at 1 January 2023 4,366
Additions 1,061 Additions 609
Disposals (140) Disposals (206)

Balance at 31 December 2024 5,690 Balance at 31 December 2023 4,769
Accumulated Amortisation Accumulated Amortisation
Balance at 1 January 2024 2,900 Balance at 1 January 2023 2,592

Amortisation for the year 653 Amortisation for the year 514
Eliminated on disposals (140) Eliminated on disposals (206)
Balance at 31 December 2024 3,413 Balance at 31 December 2023 2,900
Net book value Net book value

At 1 January 2024 1,869 At 1 January 2023 1,774
At 31 December 2024 2,277 At 31 December 2023 1,869