55 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2020 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2020 (Expressed in Barbados dollars) 38 14. Property and Equipment, continued Right-of-use assets comprised of the following: 2020 Cost Balance, beginning of year $ - Impact of IFRS 16 implementation 7,255,073 Adjustment balance April 1, 2019 7,255,073 Additions/transfer 368,183 Disposals - Balance , end of year 7,623,256 Accumulatd depreciation Balance, beginning of year $ - Impact of IFRS 16 implementation 1,042,706 Adjustment balance April 1, 2019 1,042,706 Depreciation 1,307,028 Disposals - Balance , end of year 2,349,734 Net book value, end of year $ 5,273,522
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