pre_text: NOTE 7 – LEASING TORM has leases for the office buildings, some vehicles and other administrative equipment. With the exception of short-term leases and leases of low-value assets, each lease is reflected on the balance sheet as a right-of-use asset with a corresponding lease liability. The right-of-use assets are included in the financial statement line item in which the corresponding underlying assets would be presented if they were owned. Please refer to note 6. As of 31 December 2019, TORM had recognized the following right-of-use assets:
table: USDm Vessels and capitalized dry-docking Land and buildings Other plant and operating equipment
table: Cost:
table: Balance as of 1 January 43.3 - -
table: Adjustment on transition to IFRS 16 - 9.9 0.3
table: Additions 1.8 0.5 0.4
table: Disposals -2.7 - -0.1
table: Balance as of 31 December 42.4 10.4 0.6
table: Depreciation:
table: Balance as of 1 January 13.4 - -
table: Disposals -2.7 - -
table: Depreciation for the year 4.8 2.3 0.2
table: Balance as of 31 December 15.5 2.3 0.2
table: Carrying amount as of 31 December 26.9 8.1 0.4
question: Analyse this data from a financial earnings document. What was the change in the depreciation balance as of 31 December from 1 January in 2019 for vessels and capitalized dry-docking?