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BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2014
36
BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED
Notes to the Non-consolidated Financial Statements
For the year ended March 31, 2014
(Expressed in Barbados dollars)
26
11. Property and Equipment
Property and equipment is comprised of the following:
2014
Furniture
Assets
Land and
Motor
and
Leasehold
being
Buildings
Vehicles
Equipment
Improvements
Acquired
Cost
Balance, beginning of year
$
28,037,936
779,384
15,597,676
767,006
1,215,628
Additions/transfer
763,096
-
2,252,870
399,007
(14,998)
Disposals
-
-
(37,380)
-
-
Balance, end of year
28,801,032
779,384
17,813,166
1,166,013
1,200,630
Accumulated depreciation
Balance, beginning of year
6,835,958
399,865
12,279,300
166,197
-
Depreciation
530,222
97,401
1,525,820
335,989
-
Disposals
-
-
(36,191)
-
-
Balance, end of year
7,366,180
497,266
13,768,929
502,186
-
Net book value, end of year
$ 21,434,852
282,118
4,044,237
663,827
1,200,630
11. Property and Equipment
Property and equipment is comprised of the following:
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
Additio s/transfer
763,096
-
2,252, 70
399,007 (14,998)
,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 12,2 9,300
1 6 197
-
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