My first Publication ocbc_ar17_fullreport_english | Page 221

36. INVESTMENT PROPERTY
GROUP
2017
$’000
Cost
At 1 January
Currency translation
Additions
Disposals and other transfers
Net transfer (to)/from:
Property, plant and equipment (Note 35)
Assets held for sale
At 31 December
Accumulated depreciation
At 1 January
Currency translation
Disposals and other transfers
Depreciation charge
Net transfer to/(from):
Property, plant and equipment (Note 35)
Assets held for sale
At 31 December
Accumulated impairment losses (Note 32)
At 1 January
Currency translation
Write-back to income statements
At 31 December
BANK
2016
$’000
2017
$’000
2016
$’000
1,302,538
(5,728)
1,095
(11,615) 1,356,228
(1,558)
96,853
(92,947) 643,098
(478)
882
(5,273) 676,183
374
3
(32,427)
(102,638)
(3,104)
1,180,548 (12,717)
(43,321)
1,302,538 18,701
(2,592)
654,338 843
(1,878)
643,098
(207,113)
1,094
5,649
(24,364) (215,842)
451
13,448
(23,916) (108,900)
203
2,167
(9,123) (112,725)
(155)
12,939
(9,287)
(5,203)
1,252
(228,685) 3,450
15,296
(207,113) (7,035)
1,002
(121,686) (400)
728
(108,900)
(2,507)
#
110
(2,397) (2,525)
4
14
(2,507) (2,397)
–
–
(2,397) (2,525)
–
128
(2,397)
Net carrying value
Freehold property
Leasehold property
At 31 December 627,262
322,204
949,466 634,753
458,165
1,092,918 200,533
329,722
530,255 193,828
337,973
531,801
Fair value hierarchy
Level 2
Level 3
Market value 1,144,470
1,847,598
2,992,068 1,090,756
2,138,084
3,228,840 384,664
1,061,275
1,445,939 264,198
1,214,956
1,479,154
(1)

# represents amounts less than $500.
A description of the valuation methods is provided in Note 35.
BUILDING ON OUR CORPORATE STRATEGY FOR SUSTAINABLE GROWTH
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