Non-Consolidated Annual Report 2018

50 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) 35 11. Property and Equipment, continued 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 Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation has been charged.