Non-Consolidated Annual Report 2017

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2017 44 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Non-consolidated Financial Statements For the year ended March 31, 2017 (Expressed in Barbados dollars) 29 12. Property and Equipment Property and equipment is comprised of the following: 2017 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Total Cost Balance, beginning of year $ 29,672,831 669,258 22,601,695 3,454,277 948,973 57,347,034 Additions/transfer 8,553,981 - 4,569,174 47,970 2,477,456 15,648,581 Disposals - (64,831) - - - (64,831) Balance, end of year 38,226,812 604,427 27,170,869 3,502,247 3,426,429 72,930,784 Accumulated depreciation Balance, beginning of year 8,466,901 448,958 17,390,342 1,493,886 - 27,800,087 Depreciation 588,070 98,560 2,236,088 482,680 - 3,405,398 Disposals - (58,348) - - - (58,348) Balance, end of year 9,054,971 489,170 19,626,430 1,976,566 - 31,147,137 Net book value, end of year $ 29,171,841 115,257 7,544,439 1,525,681 3,426,429 41,783,647