Annual Report 2019-2020

49 E F L I N G A N N U A L R E P O R T 2 0 1 9 – 2 0 2 0 10. PROPERTY, EQUIPMENT AND DEPRECIATION Buildings Equipment Power station Total and land and furniture Hvammi Cost or valuation At beginning of year............................................ 784,354,1 27 137,620,987 32,129,589 954,104,703 Additions................................................................... 0 1,500,000 0 1,500,000 At end of year........................................................ 784,354,1 27 139,1 20,987 32,129,589 955,604,703 Accumulated depreciation Accumulated depreciation.................................. 289,043,332 63,648,0 1 6 28,91 6,629 381,607,977 Depreciation during the year.............................. 28,977,433 18,903,575 0 47,88 1,008 At end of year.......................................................... 318,020,765 82,55 1 ,5 9 1 28,916,629 429,488,985 Carrying Amount Book value at beginning of year.................. 495,31 0,795 73,972,97 1 3,2 1 2,959 572,496,726 Book value at end of year............................... 466,333,362 56,569,396 3,2 1 2,959 526,1 1 5 ,7 1 8 Depreciation rates................................................... 0–4% 12–33% 10% The assessment- and insurance value for the Company´s assets is analyzed as the following: Assessment Insurance Book value value value Iðnó 28, 33% share ........................................................................................ 42,976,61 0 201,086,340 2,1 2 2,606 Land at Vonarstræti 3, 28.33% ....................................................................... 21,927,420 0 1 1,859,397 Breiðamörk 19.................................................................................................. 31,830,000 63,850,000 52,956,569 Breiðamörk 19, land.......................................................................................... 6,420,000 0 0 Guðrúnartún 1 .................................................................................................. 739,350,000 1,317,500,000 399,394,790 Guðrúnartún, land ............................................................................................. 177,400,000 0 0 1,019,904,030 1,582,436,340 466,333,3 62 11. SHARES IN OTHER COMPANIES 31.12.2019 31.12.2018 Kaupfélag Árnesinga svf. B-deild, fv. kr. 100,000, share 0.1%......................... 100,000 100,000 100,000 100,000