Non-Consolidated Annual Report 2016

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED NON-CONSOLIDATED ANNUAL REPORT 2016 43 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) 27 12. Property and Equipment, continued 2015 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Total Cost Balance, beginning of year $ 28,801,032 779,384 17,813,166 1,166,013 1,200,630 49,760,225 Additions/transfer - 103,612 1,802,868 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 Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation has been charged.