iLOQ-vuosikertomus 2019

Note 30

Tangible assets and investments

Tangible assets 2019 2018
Machinery and equipment
Acquisition cost on 1 Jan 1,961 1,206
Additions 986 755
Acquisition cost on 31 Dec 2,947 1,961
Accumulated depreciation and impairment on 1 Jan 929 658
Depreciation for the financial period 454 272
Impairment 0 0
Accumulated depreciation and impairment on 31 Dec 1,384 929
Book value on 31 Dec 1,563 1,031
Work in progress
Acquisition cost on 1 Jan 268 164
Additions 484 168
Reductions 199 64
Acquisition cost on 31 Dec 554 268
Book value on 31 Dec 554 268
Tangible assets, total 2,117 1,300
Investments
Holdings in Group companies
Acquisition cost on 1 Jan 1,029 1,123
Additions 1 13
Reductions 78 107
Acquisition cost on 31 Dec 952 1,029

Increase in investments for 2019 is due to investments in the new subsidiary iLOQ UK Ltd. Decrease in investments for 2019 is due to the repayment of iLOQ Sverige AB’s equity investment.