Consolidated Annual Report 2014

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED ANNUAL REPORT 2014 49 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) 35 12. Property and Equipment…(continued) 2013 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Cost Balance, beginning of year $ 28,037,936 2,027,367 15,353,743 735,582 596,230 Additions/transfer - 388,985 1,409,212 658,171 619,399 Disposals - (368,859) (29,229) - - Balance, end of year 28,037,936 2,047,493 16,733,726 1,393,753 1,215,629 Accumulated depreciation Balance, beginning of year 6,330,150 1,518,956 11,741,817 607,213 - Depreciation 505,808 237,408 1,517,081 99,511 - Disposals - (368,859) (23,575) - - Balance, end of year 6,835,958 1,387,505 13,235,323 706,724 - Net book value, end of year $ 21,201,978 659,988 3,498,403 687,029 1,215,629 12. Property and Equipment...(continued) Property and equipment is comprised of the following: 2013 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Total Cost Balance, beginning of year $ 28,037,936 2,027, 7 15,353,74 735,582 596,230 46,750,858 Additions/transfer - 388,985 1,409,212 658,171 619,399 3,075,767 Disposals - (368,859) (29,229) - - (398,088) Balance, end of year 28,037,936 2,047,493 16,733,726 1,393,753 1,215,629 49,428,537 Accumulat d depr ciation Balance, beginning of year 6,330,150 1,518,956 11,741,817 607,213 - 20,198,136 Depreciation 505,808 237,408 1,517,081 99,511 - 2,359,808 Disposals - (368,859) (23,575) - - (392,434) Balance, end of year 6,835,958 1,387,505 13,235,323 706,724 - 22,165,510 Net book value, end of year $ 21,201,978 659,988 3,498,403 687,029 1,215,629 27,263,027