Consolidated Annual Report 2014

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED ANNUAL REPORT 2014 48 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2014 (Expressed in Barbados dollars) 34 12. Property and Equipment Property and equipment is comprised of the following: 2014 Furniture Asset Land and Motor and Leasehold bein Buildings Vehicles Equipment Improvements Acquire Cost Balance, beginning of year $ 28,037,936 2,047,493 16,733,726 1,393,753 1,215,62 Additions/transfer 763,096 - 2,910,221 1,710,620 173,90 Disposals - (250,000) (37,380) (2,085) - Balance, end of year 28,801,032 1,797,493 19,606,567 3,102,288 1,389,53 Accumulated depreciation Balance, beginning of year 6,835,958 1,387,505 13,235,323 706,724 - Depreciation 530,222 232,610 1,613,766 419,297 - Disposals - (237,500) (36,191) - - Balance, end of year 7,366,180 1,382,615 14,812,898 1,126,021 - Net book value, end of year $ 21,434,852 414,878 4,793,669 1,976,267 1,389,53 12. Property and Equipment Property and equipment is comprised of the foll wing: 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, 5 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, 00) (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