Babylon Holdings Limited Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accountant Policies (Tables)

12 Months Ended

Dec. 31, 2022

Depreciation is calculated on a useful lives of the asset and recognized within Depreciation and amortization, as follows:


	Computer Equipment	Fixtures and Fittings	Deployed Machinery	Total
	$’000	$’000	$’000	$’000
Cost
Balance at January 1, 2021	2,860	180	—	3,040
Additions	2,830	6,979	—	9,809
Acquisitions through business combinations	105	41	17,618	17,764
Effect of movements in foreign exchange	(107)	(130)	—	(237)
Balance at December 31, 2021	5,688	7,070	17,618	30,376

Balance at January 1, 2022	5,688	7,070	17,618	30,376
Additions	1,132	7,903	—	9,035
Transferred to assets held for sale	(319)	(42)	(17,618)	(17,979)
Effect of movements in foreign exchange	(537)	(830)	—	(1,367)
Balance at December 31, 2022	5,964	14,101	—	20,065


	Computer Equipment	Fixtures and Fittings	Deployed Machinery	Total
	$’000	$’000	$’000	$’000
Depreciation and impairment
Balance at January 1, 2021	1,576	130	—	1,706
Depreciation	1,248	337	—	1,585
Effect of movements in foreign exchange	(69)	329	—	260
Balance at December 31, 2021	2,755	796	—	3,551

Balance at January 1, 2022	2,755	796	—	3,551
Depreciation	1,781	2,989	2,815	7,585
Impairment	—	—	6,287	6,287
Transferred to assets held for sale	(127)	(13)	(9,102)	(9,242)
Effect of movements in foreign exchange	(640)	(134)	—	(774)
Balance at December 31, 2022	3,769	3,638	—	7,407

Net book value
At January 1, 2021	1,284	50	—	1,334
At December 31, 2021 and January 1, 2022	2,933	6,274	17,618	26,825
At December 31, 2022	2,195	10,463	—	12,658

The useful lives of the Group’s intangible assets are: