Consolidated Annual Report 2015

45 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED CONSOLIDATED ANNUAL REPORT 2015 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2015 (Expressed in Barbados dollars) 32 13. 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 1,797,493 19,606,567 3,102,288 1,389,536 Additions/transfer - 403,392 2,377,479 26,819 645,714 Disposals - (219,894) (86,626) - - Balance, end of year 28,801,032 1,980,991 21,897,420 3,129,107 2,035,250 Accumulated depreciation Balance, beginning of year 7,366,180 1,382,615 14,812,898 1,126,021 - Depreciation 547,014 210,150 1,955,135 643,782 3,435 Disposals - (177,735) (85,903) - - Balance, end of year 7,913,194 1,415,030 16,682,130 1,769,803 3,435 Net book value, end of year $ 20,887,838 565,961 5,215,290 1,359,304 2,031,815 2015 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Total Cost Balance, beginning of year $ 28,801,032 1,797,493 19,606,567 3,102,288 1,389,536 54,696,916 Additions/transfer - 403,392 2,377,479 26,819 645,714 3,453,404 Disposals - (219,894) (86,626) - - (306,520) Balance, end of year 28,801,032 1,980,991 21,897,420 3,129,107 2,035,250 57,843,800 Accumulated depreciation Balan e, beginning of year 7,366,180 1,382,615 14,812,898 1,126,021 - 24,687,714 e reciation 547,014 210,150 ,955,135 643,782 3,435 3,359,516 Disposals - (177,735) (85,903) - - (263,638) Balance, end of year 7,913,194 1,415,030 16,682,130 1,769,803 3,435 27,783,592 Net book value, end of year $ 20,887,838 565,961 5,215,290 1,359,304 2,031,815 30,060,208 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 1,393,753 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 - (237,500) (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