ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory
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Property and equipment:
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Property and equipment are measured at cost, including directly attributable costs, less accumulated depreciation.
Depreciation is a systematic allocation of the depreciable amount of an asset over its useful life. The depreciable amount is the cost of the asset, or other amount substituted for cost, less its residual value.
The cost of replacing part of a fixed asset item and other subsequent expenses are capitalized if it is probable that the future economic benefits associated with them will flow to the Group and their cost can be measured reliably. The carrying amount of the replaced part of a fixed asset item is derecognized. The costs of day-to-day servicing are recognized in profit or loss as incurred.
Depreciation is calculated at annual rates as follows:
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%
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Equipment, computers and systems
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33
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Leasehold improvements
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The shorter of the lease term and the useful life
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Lab Equipment
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20
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Office furniture
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20 |