11. Property, equipment and vehicles
NTMA Administration Account
| Leasehold Improvements €'000 |
Furniture, equipment and motor vehicles €'000 |
Total €'000 |
|
|---|---|---|---|
| Cost | |||
| Balance at 1 January 2015 | 3,951 | 7,282 | 11,233 |
| Additions at cost | 127 | 793 | 920 |
| Disposals | - | (1,202) | (1,202) |
| Balance at 31 December 2015 | 4,078 | 6,873 | 10,951 |
| Accumulated Depreciation: | |||
| Balance at 1 January 2015 | 2,402 | 5,670 | 8,072 |
| Depreciation for the year | 685 | 1,022 | 1,707 |
| Disposals | - | (1,198) | (1,198) |
| Balance at 31 December 2015 | 3,087 | 5,494 | 8,581 |
| Net Book Value at 31 December 2015 | 991 | 1,379 | 2,370 |
| Net Book Value at 31 December 2014 | 1,549 | 1,612 | 3,161 |
The estimated useful life of property, equipment and vehicles, by reference to which depreciation is calculated is as follows:
| Leasehold improvements | 10 years |
| Equipment and motor vehicles | 3 to 5 years |
| Furniture | 7 years |
The capitalised leasehold costs relate to the fi t-out costs of the office space occupied by the Agency. The property is leased under long-term leases, as set out in note 17.