Non-Consolidated Annual Report 2015

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED NON-CONSOLIDATED ANNUAL REPORT 2015 37 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Non-consolidated Financial Statements For the year ended March 31, 2015 (Expressed in Barbados dollars) 25 12. 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 $ 28,801,032 779,384 17,813,166 1,166,013 1,200,630 Additions/transfer - 103,612 1,802,868 6,698 645,714 Disposals - (219,894) (86,626) - - Balance, end of year 28,801,032 663,102 19,529,408 1,172,711 1,846,344 Accumulated depreciation Balance, beginning of year 7,366,180 497,266 13,768,929 502,186 - Depreciation 547,014 107,389 1,743,956 353,687 - Disposals - (193,214) (85,404) - - Balance, end of year 7,913,194 411,441 15,427,481 855,873 - Net book value, end of year $ 20,887,838 251,661 4,101,927 316,838 1,846,344 2015 Furniture Assets Land and Motor and Leasehold b ing Buildings Vehicles Equipment Improve e ts Acquir d Total Cost Bal nce, beginni g of year $ 28,801,03 779,384 1 ,81 ,166 1,166,013 1,200,630 49,760,225 Additions/transfer - 103,612 ,802,868 6,698 645,714 2,558,892 Disposals - (219,894) (86,626) - - (306,520) Balance, end of year 28,801,032 663,102 19,529,408 1,172,711 1,846,344 52,012,597 Accumulated depreciation Balance, beginning of year 7,366,180 497,266 13,768,929 502,186 - 22,134,561 Depreciation 547,014 107,389 1,743,956 353,687 - 2,752,046 Disposals - (193,214) (85,404) - - (278,618) Balance, end of year 7,913,194 411,441 15,427,481 855,873 - 24,607,989 Net book value, end of year $ 20,887,838 251,661 4,101,927 316,838 1,846,344 27,404,608 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 Additions/transfer 763,096 - 2,252,870 399,007 (14,998) 3,399,975 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 12,279,300 166,197 - 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 Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation has been charged.