Non-Consolidated Annual Report 2020

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2020 49 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Non-consolidated Financial Statements For the year ended March 31, 2020 (Expressed in Barbados dollars) 32 12. Property and Equipment, continued 2019 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Total Cost Balance, beginning of year $ 40,186,106 2,039,377 30,846,366 5,575,146 12,672,071 91,319,066 Additions/transfer 171,295 868,613 994,728 - 1,653,891 3,688,527 Disposals - - - - - - Balance, end of year 40,357,401 2,907,990 31,841,094 5,575,146 14,325,962 95,007,593 Accumulated depreciation Balance, beginning of year 9,855,024 366,750 22,538,354 2,721,563 - 35,481,691 Depreciation 867,642 338,463 2,712,638 882,465 - 4,801,208 Disposals - - - - - - Balance, end of year 10,722,666 705,213 25,250,992 3,604,028 - 40,282,899 Net book value, end of year $ 29,634,735 2,202,777 6,590,102 1,971,118 14,325,962 54,724,694 Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation has been charged.