Non-Consolidated Annual Report 2018

49 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2018 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Non-consolidated Financial Statements For the year ended March 31, 2018 (Expressed in Barbados dollars) 34 11. Property and Equipment Property and equipment is comprised of the following: 2018 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Total Cost Balance, beginning of year $ 38,226,812 604,427 27,170,869 3,502,247 3,426,429 72,930,784 Additions/transfer 1,959,294 1,694,274 3,675,497 2,072,899 9,245,642 18,647,606 Disposals - (259,324) - - - (259,324) Balance, end of year 40,186,106 2,039,377 30,846,366 5,575,146 12,672,071 91,319,066 Accumulated depreciation Balance, beginning of year 9,054,971 489,170 19,626,430 1,976,566 - 31,147,137 Depreciation 800,053 136,904 2,911,924 744,997 - 4,593,878 Disposals - (259,324) - - - (259,324) Balance, end of year 9,855,024 366,750 22,538,354 2,721,563 - 35,481,691 Net book value, end of year $ 30,331,082 1,672,627 8,308,012 2,853,583 12,672,071 55,837,375