45
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
CONSOLIDATED ANNUAL REPORT 2015
BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED
Notes to the Consolidated Financial Statements
For the year ended March 31, 2015
(Expressed in Barbados dollars)
32
13. Property and Equipment
Property and equipment is comprised of the following:
2015
Furniture
Assets
Land and
Motor
and
Leasehold
being
Buildings
Vehicles
Equipment
Improvements
Acquired
Cost
Balance, beginning of year
$ 28,801,032
1,797,493
19,606,567
3,102,288
1,389,536
Additions/transfer
-
403,392
2,377,479
26,819
645,714
Disposals
-
(219,894)
(86,626)
-
-
Balance, end of year
28,801,032
1,980,991
21,897,420
3,129,107
2,035,250
Accumulated depreciation
Balance, beginning of year
7,366,180
1,382,615
14,812,898
1,126,021
-
Depreciation
547,014
210,150
1,955,135
643,782
3,435
Disposals
-
(177,735)
(85,903)
-
-
Balance, end of year
7,913,194
1,415,030
16,682,130
1,769,803
3,435
Net book value, end of year
$ 20,887,838
565,961
5,215,290
1,359,304
2,031,815
2015
Furniture
Assets
Land and
Motor
and
Leasehold
being
Buildings Vehicles Equipment Improvements Acquired Total
Cost
Balance, beginning of year $ 28,801,032 1,797,493 19,606,567
3,102,288 1,389,536 54,696,916
Additions/transfer
-
403,392 2,377,479
26,819 645,714 3,453,404
Disposals
-
(219,894) (86,626)
-
- (306,520)
Balance, end of year
28,801,032 1,980,991 21,897,420
3,129,107 2,035,250 57,843,800
Accumulated depreciation
Balan e, beginning of year
7,366,180 1,382,615 14,812,898
1,126,021
-
24,687,714
e reciation
547,014 210,150 ,955,135
643,782
3,435 3,359,516
Disposals
-
(177,735) (85,903)
-
- (263,638)
Balance, end of year
7,913,194 1,415,030 16,682,130
1,769,803 3,435 27,783,592
Net book value, end of year
$ 20,887,838 565,961 5,215,290
1,359,304 2,031,815 30,060,208
2014
Furniture
Assets
Land and
Motor
and
Leasehold
being
Buildings Vehicles Equipment Improvements Acquired Total
Cost
Balance, beginning of year $ 28,037,936 2,047,493 16,733,726
1,393,753 1,215,629 49,428,537
Additions/transfer
763,096
-
2,910,221
1,710,620 173,907 5,557,844
Disposals
-
(250,000) (37,380)
(2,085) - (289,465)
Balance, end of year
28,801,032 1,797,493 19,606,567
3,102,288 1,389,536 54,696,916
Accumulated depreciation
Balance, beginning of year
6,835,958 1,387,505 13,235,323
706,724
-
22,165,510
Depreciation
530,222 232,610 1,613,766
419,297
-
2,795,895
Disposals
-
(237,500) (36,191)
- - (273,691)
Balance, end of year
7,366,180 1,382,615 14,812,898
1,126,021 - 24,687,714
Net book value, end of year
$ 21,434,852 414,878 4,793,669
1,976,267 1,389,536 30,009,202
