BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2020 56 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) 39 14. Property and Equipment, continued Property and equipment is comprised of the following: 2019 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Total Cost Balance, beginning of year $ 40,186,106 4,628,233 32,611,411 8,086,446 12,672,071 98,184,267 Additions/transfer 171,295 2,912,511 1,120,859 - 1,653,891 5,858,556 Disposals - (124,674) (56,303) (204,278) - (385,255) Balance, end of year 40,357,401 7,416,070 33,675,967 7,882,168 14,325,962 103,657,568 Accumulated depreciation Balance, beginning of year 9,855,024 975,145 23,800,976 3,811,888 - 38,443,033 Depreciation 867,642 917,214 2,872,289 1,122,821 - 5,779,966 Disposals - (76,833) (56,303) (204,278) - (337,464) Balance, end of year 10,722,666 1,815,476 26,616,962 4,730,431 - 43,885,535 Net book value, end of year $ 29,634,735 5,600,594 7,059,005 3,15,737 14,325,962 59,772,033
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