Non-Consolidated Annual Report 2017

45 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2017 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) 30 12. Property and Equipment, continued 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 Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation has been charged.