Consolidated Annual Report 2016

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED CONSOLIDATED ANNUAL REPORT 2016 44 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2016 (Expressed in Barbados dollars) 32 13. Property and Equipment Property and equipment is comprised of the following: 2016 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Total Cost Balance, beginning of year $ 28,801,032 1,749,099 21,412,424 3,802,510 1,846,344 57,611,409 Additions/transfer 871,799 189,705 3,206,372 2,275,407 (822,771) 5,720,512 Disposals - (135,886) (5,051) - - (140,937) Balance, end of year 29,672,831 1,802,918 24,613,745 6,077,917 1,023,573 63,190,984 Accumulated depreciation Balance, beginning of year 7,913,194 1,182,640 16,601,611 1,853,756 - 27,551,201 Depreciation 553,707 209,604 2,251,605 1,050,269 - 4,065,185 Disposals - (135,886) (1,689) - - (137,575) Balance, end of year 8,466,901 1,256,358 18,851,527 2,904,025 - 31,478,811 Net book value, end of year $ 21,205,930 546,560 5,762,218 3,173,892 1,023,573 31,712,173