| Schedule of movements in property and equipment and related accumulated depreciation |
The movements in property and equipment and related accumulated depreciation during the years ended 31 December 2024 and 2023 were as follows: | | | | | | | | | | | | | | | | | | | | 1 January | | | | | | 31 December | | | 2024 | | Additions | | Disposals | | 2024 | | | | | | | | | | Cost: | | | | | | | | | Motor vehicles | | 104,584 | | 2,921 | | — | | 107,505 | Furniture and fixtures (*) | | 1,362,165 | | 374,731 | | (48,519) | | 1,688,377 | Leasehold improvements | | 331,514 | | 46,329 | | — | | 377,843 | | | | | | | | | | Total | | 1,798,263 | | 423,981 | | (48,519) | | 2,173,725 | | | | | | | | | | Accumulated depreciation: | | | | | | | | | Motor vehicles | | (40,103) | | (20,702) | | — | | (60,805) | Furniture and fixtures | | (789,005) | | (236,280) | | 33,731 | | (991,554) | Leasehold improvements | | (243,301) | | (46,652) | | — | | (289,953) | | | | | | | | | | Total | | (1,072,409) | | (303,634) | | 33,731 | | (1,342,312) | | | | | | | | | | Net book value | | 725,854 | | | | | | 831,413 |
(*)Addition of furniture and fixtures mainly comprise of purchased computers, servers and machine equipment investments in the Group’s operation center. NOTE 9 – PROPERTY AND EQUIPMENT (continued) | | | | | | | | | | | 1 January | | | | | | 31 December | | | 2023 | | Additions | | Disposals | | 2023 | | | | | | | | | | Cost: | | | | | | | | | Motor vehicles | | 104,480 | | 104 | | — | | 104,584 | Furniture and fixtures (*) | | 1,196,549 | | 180,830 | | (15,214) | | 1,362,165 | Leasehold improvements | | 315,341 | | 17,288 | | (1,115) | | 331,514 | | | | | | | | | | Total | | 1,616,370 | | 198,222 | | (16,329) | | 1,798,263 | | | | | | | | | | Accumulated depreciation: | | | | | | | | | Motor vehicles | | (19,608) | | (20,495) | | — | | (40,103) | Furniture and fixtures | | (593,761) | | (200,079) | | 4,835 | | (789,005) | Leasehold improvements | | (198,931) | | (45,173) | | 803 | | (243,301) | | | | | | | | | | Total | | (812,300) | | (265,747) | | 5,638 | | (1,072,409) | | | | | | | | | | Net book value | | 804,070 | | | | | | 725,854 |
(*)Addition of furniture and fixtures mainly comprise of purchased computers, servers and machine equipment investments in the Group’s operation center.
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