Property, Equipment and Intangible assets

12 Months Ended

Dec. 31, 2024

Disclosure Of Property Equipment And Intangible Assets [Abstract]

Property, Equipment and Intangible assets

13.

Property, equipment and intangible assets


	Land, buildings and construction			Furniture and equipment			Intangible assets			Construc- tion in progress			Total

At initial/revalued cost
31 December 2022		64,517			98,994			31,519			81			195,111
Additions		18,019			24,258			4,744			2,028			49,049
Acquisitions of subsidiaries		12			5,229			20,255			-			25,496
Disposals		(59	)		(2,208	)		(3,530	)		(135	)		(5,932	)
31 December 2023		82,489			126,273			52,988			1,974			263,724

Additions		17,338			38,431			7,452			23,332			86,553
Disposals		(1,705	)		(3,348	)		(709	)		(2,635	)		(8,397	)
Acquisition of subsidiary		-			-			41,853			-			41,853
Transfer		9,368			701			373			(10,442	)		-

31 December 2024		107,490			162,057			101,957			12,229			383,733

Accumulated depreciation and impairment
31 December 2022		9,800			37,255			16,216			-			63,271
Charge for the year		2,658			18,103			5,338			-			26,099
Acquisitions of subsidiaries		1			512			-			-			513
Disposals		(57	)		(265	)		(183	)		-			(505	)
31 December 2023		12,402			55,605			21,371			-			89,378

Charge for the year		3,560			20,426			4,618			-			28,604
Disposals		(349	)		(3,073	)		(116	)		-			(3,538	)
Transfer		1			(1	)		-			-			-

31 December 2024		15,614			72,957			25,873			-			114,444
Net book value
31 December 2024		91,876			89,100			76,084			12,229			269,289

31 December 2023		70,087			70,668			31,617			1,974			174,346

As at 31 December 2023 and 2024, property and equipment included fully depreciated property and equipment of KZT 21,380 million and KZT 34,742 million, respectively.

The Group’s revaluation policy requires the entire class of buildings, construction and land to be revalued every five years. In 2021, the Group had its buildings and construction revalued by independent appraisers, and the revalued amounts approximate their carrying value.

The initial accounting for the acquisition of Kolesa Group has only been provisionally determined as at the end of 31 December 2023. During the reporting period the necessary market valuations have been finalised. As a result, the Group has recognised the additional identifiable intangible assets, represented by trademark and software.

Based on a valuation of net assets performed, the carrying amount of goodwill decreased to KZT 17,438 million (Note 14).

The fair value of buildings and construction was determined based on the market comparable approach that reflects recent transaction prices for similar properties. In measuring fair value of the Group’s buildings and construction, the measurements were categorized into Level 3. During the years ended 31 December 2023 and 2024, there were no movements between Level 3 and other levels.