Consolidated Annual Report 2016

45 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED CONSOLIDATED ANNUAL REPORT 2016 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) 33 13. Property and Equipment, continued 2015 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Total Cost Balance, beginning of year $ 28,801,032 1,797,494 19,606,568 3,102,288 1,389,536 54,696,918 Additions/transfer - 403,392 1,892,982 700,222 456,808 3,453,404 Disposals - (451,787) (87,126) - - (538,913) Balance, end of year 28,801,032 1,749,099 21,412,424 3,802,510 1,846,344 57,611,409 Accumulated depreciation Balance, beginning of year 7,366,180 1,382,616 14,812,898 1,126,021 - 24,687,715 Depreciation 547,014 210,150 1,874,617 727,735 - 3,359,516 Disposals - (410,126) (85,904) - - (496,030) Balance, end of year 7,913,194 1,182,640 16,601,611 1,853,756 - 27,551,201 Net book value, end of year $ 20,887,838 566,459 4,810,813 1,948,754 1,846,344 30,060,208