10. Property, equipment and vehicles
| Leasehold improvements €'000 |
Furniture, equipment and motor vehicles €'000 |
Total €'000 |
|
|---|---|---|---|
| Cost: | |||
| Balance at 1 January 2016 | 4,078 | 6,873 | 10,951 |
| Additions at cost | 423 | 172 | 595 |
| Disposals | - | (931) | (931) |
| Balance at 31 December 2016 | 4,501 | 6,114 | 10,615 |
Accumulated Depreciation: |
|||
| Balance at 1 January 2016 | 3,087 | 5,494 | 8,581 |
| Depreciation for the year | 1,044 | 693 | 1,737 |
| Disposals | - | (908) | (908) |
| Balance at 31 December 2016 | 4,131 | 5,279 | 9,410 |
Net Book Value at 31 December 2016 |
370 |
835 |
1,205 |
Net Book Value at 31 December 2015 |
991 |
1,379 |
2,370 |
The estimated useful life of property, equipment and vehicles, by reference to which depreciation is calculated is as follows:
Leasehold improvements
10 years
Furniture
7 years
Equipment and motor vehicles
3 to 5 years
The capitalised leasehold costs relate to fit-out costs of the office space occupied by the Agency. The property is leased under long-term leases, as set out in note 18.