| 3.4 | Property and equipment |
3.4.1 Cost of property and equipment
Property and equipment are stated at cost less accumulated depreciation and any accumulated impairment loss. Expenditures for continuing repairs and maintenance are charged to the profit or loss as incurred.
3.4.2 Depreciation and useful lives
Depreciation is calculated on property and equipment on a straight-line basis from the time the assets are available for use, over their estimated useful lives as follows:
|
Processing servers and engineering equipment |
3-10 years | |||
|
Computers and office equipment |
3-5 years | |||
|
Other equipment |
2-20 years |
Useful lives of leasehold improvements of leased office premises included in engineering equipment and other equipment are determined at the lower between the useful live of the asset or the lease term.
The asset’s residual values, useful lives and depreciation methods are reviewed, and adjusted as appropriate, at each financial year-end.