BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2015
37
BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED
Notes to the Non-consolidated Financial Statements
For the year ended March 31, 2015
(Expressed in Barbados dollars)
25
12. 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
779,384
17,813,166
1,166,013
1,200,630
Additions/transfer
-
103,612
1,802,868
6,698
645,714
Disposals
-
(219,894)
(86,626)
-
-
Balance, end of year
28,801,032
663,102
19,529,408
1,172,711
1,846,344
Accumulated depreciation
Balance, beginning of year
7,366,180
497,266
13,768,929
502,186
-
Depreciation
547,014
107,389
1,743,956
353,687
-
Disposals
-
(193,214)
(85,404)
-
-
Balance, end of year
7,913,194
411,441
15,427,481
855,873
-
Net book value, end of year
$ 20,887,838
251,661
4,101,927
316,838
1,846,344
2015
Furniture
Assets
Land and
Motor
and
Leasehold
b ing
Buildings Vehicles Equipment Improve e ts Acquir d Total
Cost
Bal nce, beginni g of year $ 28,801,03
779,384 1 ,81 ,166
1,166,013 1,200,630 49,760,225
Additions/transfer
-
103,612 ,802,868
6,698 645,714 2,558,892
Disposals
-
(219,894) (86,626)
- - (306,520)
Balance, end of year
28,801,032 663,102 19,529,408
1,172,711 1,846,344 52,012,597
Accumulated depreciation
Balance, beginning of year
7,366,180 497,266 13,768,929
502,186
-
22,134,561
Depreciation
547,014 107,389 1,743,956
353,687
-
2,752,046
Disposals
-
(193,214) (85,404)
- - (278,618)
Balance, end of year
7,913,194 411,441 15,427,481
855,873 - 24,607,989
Net book value, end of year
$ 20,887,838 251,661 4,101,927
316,838 1,846,344 27,404,608
2014
Furniture
Assets
Land and
Motor
and
Leasehold
being
Buildings Vehicles Equipment Improvements Acquired Total
Cost
Balance, beginning of year $ 28,037,936 779,384 15,597,676
767,006 1,215,628 46,397,630
Additions/transfer
763,096
-
2,252,870
399,007 (14,998) 3,399,975
Disposals
-
-
(37,380)
- - (37,380)
Balance, end of year
28,801,032 779,384 17,813,166
1,166,013 1,200,630 49,760,225
Accumulated depreciation
Balance, beginning of year
6,835,958 399,865 12,279,300
166,197
-
19,681,320
Depreciation
530,222
97,401 1,525,820
335,989
-
2,489,432
Disposals
-
-
(36,191)
- - (36,191)
Balance, end of year
7,366,180 497,266 13,768,929
502,186 - 22,134,561
Net book value, end of year
$ 21,434,852 282,118 4,044,237
663,827 1,200,630 27,625,664
Assets being acquired represent purchases of property and equipment which were not yet in operation and on which
no depreciation has been charged.
