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BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2014
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)
27
11. 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
759,258
14,284,108
109,975
596,230
Additions/transfer
-
388,985
1,342,797
657,031
619,398
Disposals
-
(368,859)
(29,229)
-
-
Balance, end of year
28,037,936
779,384
15,597,676
767,006
1,215,628
Accumulated depreciation
Balance, beginning of year
6,330,150
678,070
10,884,882
109,975
-
Depreciation
505,808
90,654
1,417,993
56,222
-
Disposals
-
(368,859)
(23,575)
-
-
Balance, end of year
6,835,958
399,865
12,279,300
166,197
-
Net book value, end of year
$ 21,201,978
379,519
3,318,376
600,809
1,215,628
Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no
charged.
11. Property and Equipment…(continued)
2013
Furniture
Assets
Land and
Motor
and Leasehold
being
Buildings Vehicles Equipment Improvements Acquired Total
Cost
Balance, beginning of year $ 28,037,936 759,258 14,284,108
109,975 596,230 43,787,507
Additions/transfer
-
388,985 1,342,797
657,031 619,398 3,008,211
Disposals
-
(368,859) (29,229)
- - (398,088)
Balance, end of year
28,037,936 779,3 4 15,597,67
767,006 1,215,628 4 ,397,630
Accumulated depreciation
Balance, beginning of year
6,330,150 678,070 10,884,882
109,975
-
18,003,077
Depreciation
505,808
9 ,654 1,417, 93
56,222
-
2,070,677
Disposals
-
(368,859) (23,575)
- - (392,434)
Balance, end of year
6,835,958 399,865 12,279,300
166,197 - 19,681,320
Net book value, end of year
$ 21,201,978 379,519 3,318,376
600,809 1,215,628 26,716,310
Assets being acquired represent purchases of property and equipment which were not yet in operation and on which
no depreciation has been charged.