10	PROPERTY, FURNITURE AND EQUIPMENT, NET

The movement of property, furniture and equipment and accumulated depreciation, for the years ended December 31, 2017, 2016, and 2015 was as follows:

			Buildings and				Furniture
			other				and		Computer		Vehicles and		Work in
	Land		constructions		Installations		fixtures		hardware		equipment		progress		2017		2016		2015
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
Cost -
Balance as of January 1		402,064		1,115,536		580,847		496,357		558,902		167,031		88,632		3,409,369		3,455,442		3,447,017
Additions		7,374		6,952		9,391		19,748		50,457		8,253		41,676		143,851		110,151		148,426
Transfers		56		4,685		37,758		3,368		13,839		(9,379)		(50,327)		–		–		–
Disposals and others		12,145		12,743		(36,547)		(5,937)		(8,139)		(7,297)		(15,962)		(48,994)		(156,224)		(140,001)
Balance as of December 31		421,639		1,139,916		591,449		513,536		615,059		158,608		64,019		3,504,226		3,409,369		3,455,442

Accumulated depreciation -
Balance as of January 1		–		577,458		397,485		311,356		465,600		105,767		–		1,857,666		1,784,001		1,671,575
Depreciation for the year		–		31,123		45,624		33,443		53,993		14,712		–		178,895		182,845		177,623
Disposals and others		–		7,144		(18,110)		(8,704)		(9,886)		(12,271)		–		(41,827)		(109,180)		(65,197)
Balance as of December 31		–		615,725		424,999		336,095		509,707		108,208		–		1,994,734		1,857,666		1,784,001

Net carrying amount		421,639		524,191		166,450		177,441		105,352		50,400		64,019		1,509,492		1,551,703		1,671,441

Banks, financial institutions and insurance entities operating in Peru are not allowed to pledge their fixed assets.

During 2017 and 2016 Credicorp and its Subsidiaries, as part of its annual infrastructure investing, has made cash disbursements related mainly to the acquisition, construction and implementation of new agencies for its banking segment, and the refurbishment and conditioning of several agencies and administrative offices. Credicorp’s subsidiaries hold insurance contracts over its main assets in accordance with the policies established by Management.

Management periodically reviews the residual value, useful life and method of depreciation of the Group’s property, furniture and equipment to ensure that they are consistent with their actual economic benefits and life expectations. In Management’s opinion, as of December 31, 2017 and 2016 there is no evidence of impairment of the Group’s property, furniture and equipment.