Non-Consolidated Annual Report 2016

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED NON-CONSOLIDATED ANNUAL REPORT 2016 42 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Non-consolidated Financial Statements For the year ended March 31, 2016 (Expressed in Barbados dollars) 26 12. 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 $ 28,801,032 663,102 19,529,408 1,172,711 1,846,344 52,012,597 Additions/transfer 871,799 65,031 3,074,632 2,281,566 (897,371) 5,395,657 Disposals - (58,875) (2,345) - - (61,220) Balance, end of year 29,672,831 669,258 22,601,695 3,454,277 948,973 57,347,034 Accumulated depreciation Balance, beginning of year 7,913,194 411,441 15,427,481 855,873 - 24,607,989 Depreciation 553,707 96,392 1,964,550 638,013 - 3,252,662 Disposals - (58,875) (1,689) - (60,564) Balance, end of year 8,466,901 448,958 17,390,342 1,493,886 - 27,800,087 Net book value, end of year $ 21,205,930 220,300 5,211,353 1,960,391 948,973 29,546,947