10. Property, equipment and vehicles
| Leasehold improvements €000 |
Furniture, equipment and motor vehicles €000 |
Total €000 |
|
|---|---|---|---|
| Cost: | |||
| Balance at 1 January 2017 | 4,501 | 6,114 | 10,615 |
| Additions at cost | 1,365 | 125 | 1,490 |
| Disposals | - | (95) | (95) |
| Balance at 31 December 2017 | 5,866 | 6,144 | 12,010 |
Accumulated Depreciation: |
|||
| Balance at 1 January 2017 | (4,131) | (5,279) | (9,410) |
| Depreciation for the year | (115) | (477) | (592) |
| Disposals | - | 92 | 92 |
| Balance at 31 December 2017 | (4,246) | (5,664) | (9,910) |
Net Book Value at 31 December 2017 |
1,620 |
480 |
2,100 |
| Net Book Value at 31 December 2016 | 370 | 835 | 1,205 |
The estimated useful life of property, equipment and vehicles, by reference to which depreciation is calculated is as follows:
| Leasehold improvements | up to 15 years |
| Furniture | 7 years |
| Equipment and motor vehicles | 3 to 5 years |
Occupied office accommodation at Treasury Building, Grand Canal Street, Dublin 2, is leased under long-term leases, as set out in note 17. The leasehold improvement additions relate to fit-out costs and professional fees of office accommodation at Block D1, Dublin Landings, North Wall Quay, Dublin 1 (Note 21).