Consolidated Annual Report 2021

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2021 72 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2021 (Expressed in Barbados dollars) 45 14. Property and Equipment Property and equipment is comprised of the following: 2021 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Cost Balance, beginning of year $ 48,724,259 8,774,832 33,994,601 7,882,168 14,066,971 1 Additions/transfers 312,850 2,410,623 1,893,389 1,869 2,260,967 Disposals (368,183) (301,323) - - - Balance, end of year 48,668,926 10,884,132 35,887,990 7,884,037 16,327,938 1 Accumulated depreciation Balance, beginning of year 13,965,021 2,902,864 28,738,220 5,984,852 - Depreciation 2,209,309 1,388,254 2,292,602 772,229 - Disposals (130,502) (73,982) - - - Balance, end of year 16,043,828 4,217,136 31,030,822 6,757,081 - Net book value, end of year $ 32,625,098 6,666,996 4,857,168 1,126,956 16,327,938 Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no deprecia charged. BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNIO LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 202 (Expressed in Barbados dollars) 45 14. Property and Equipment Property and equipment is comprised of the following: 2021 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Cost Balance, beginning of year $ 48,72 ,259 8,774,832 33,994,601 7,882,16 14,066,971 113,44 Additions/tra fers 312,850 2,410,623 1,893,3 1,869 2,260,967 6,87 Disposals (368,183) (301,323) - - - (66 Balance, end of year 48,668,92 10,884,132 35,887,990 7,884,037 16,327,9 8 119,65 Accumulated depreciation Balance, beginning of year 13,965,021 2,902,864 28,738,220 5,984,852 - 51,59 Depreciation 2,209,309 1,388,254 2,292,602 772,229 - 6,66 Disposals (130,502) (73,982) - - - (20 Balance, end of year 16,043,828 4,217,136 31,030,822 6,757,081 - 58,04 Net book value, end of year $ 32,625,098 6,666,99 4,857,168 1,126,956 16,327,9 8 61,60 Assets being acquired repres nt purchases of property and equipment which were not yet in operation and on which no depreciation h charged. r BAR D S PUBLIC WORKE S’ CO-OPERATIVE CREDIT NION LIMITED Notes to the Consolidated Financial Statemen s For the year ended March 31, 202 (Expressed in Barbados dollars) 45 14. Property and Equipme t Property and equipment is comprised of the fol owing: 2021 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired C st Balance, beginning of year $ 48,724,259 8,774,832 33,994,601 7,882,168 14,066,971 113,44 Additions/transfe s 312,850 2,410,623 1,893,389 1,869 2,260,967 6,87 Disposals (368,183) (301,323) - - - (66 Balance, end of year 48,668,926 10,884,132 35,887,990 7,884,037 16,327,938 119,65 Accumulated depreciation Balance, beginning of year 13,965,021 2,902,864 28,738,220 5,984,852 - 51,590 Depreciation 2,209,309 1,388,254 2,292,60 772,229 - 6,662 Disposals (130,502) (73,982) - - - (20 Balance, end of year 16,043,828 4,217,136 31,030,822 6,757,081 - 58,04 Net book value, end of year $ 32,625,098 6,666,996 4,857,168 1,126,956 16,327,938 61,60 Assets being acquired represent purchases of property and equipment which ere not yet in operation and on which no depreciation ha charged. BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIM TED Notes to the Cons lidated Financial Statem nts For the y ar ended March 31, 20 1 Expressed in Barbados doll rs) 45 14. Property and Equipment Property and equipment is comprised of the foll wing: 20 1 Furniture Asset Land and Motor and Leas hold being Buildings Vehicles Equipment I provements Acquired To Cost Balance, begi ning of year $ 48,724, 59 8,774,832 33,994,601 7,882,168 14,066,971 113,442,8 Additions/transfer 312,850 2,410,623 1,893,389 1,869 2,260,967 6,879,6 Dispo al (368,183) (301,323) - - - (669,5 Balance, end of year 48,668,926 10,884,132 35,887,990 7,884,037 16,327,938 119,653,0 Accum lated depreciat on Balance, begi ning of year 13,965,021 2,902,864 28,738,220 5,984, 52 - 51, 90, Depreciation 2,209,309 1,388,254 2,29 ,602 772,2 9 - 6,6 2,3 Dispo als (130,5 2) (73,982) - - - (204,4 Balance, nd of year 16,043,828 4,217, 36 31,03 ,822 6,75 ,081 - 58,048,8 Net book value, end of year $ 32,6 5,098 6,6 ,996 4,857,168 1,126,956 16,327,938 61, 04,1 Assets being acquired represent purchases of pro erty and equipment whic were not ye in operation and on which no depreciation has b charged. ARBADOS PUBLIC WORKERS’ CO-OPERATIV CREDIT UNION LIMITED otes to the Cons lidate Financi l St tements r the year end d March 31, 2021 xpressed in Barbados d llars) 45 . Property and Equipment Property and equipment is comprised of the ollowing: 2021 Furnit e As et Land Mot r and Leasehold being Buildings Vehicles Equipment Improvements Acquired Tota Cost Balance, beginni g of year $ 48,724 259 8,774 832 3 ,994 601 7,882 168 14,066 971 113,442 83 Additions/transfers 312,850 2,410 623 1,893 389 1,869 2,260 9 7 ,879 69 Disposals (368,183) (301, 23) - - - (669,50 Balance, end of year 48,66 ,926 10,884 132 35,887 990 7,884 037 16, 27 938 119,653 02 Accumulated depreciation Balance, beginning of year 13,965 021 2,90 864 28,73 220 5,984 852 - 51,590 95 Depreciation 2,209 3 1,388 254 2, 9 60 772,2 9 - 6,662 394 Disposals (130,502) (73,982) - - - (204,48 Balance, end of year 16,043 828 4, 17 136 31,030 82 6,757 081 - 58,04 86 Net book value, end of year $ 32,625 098 6, 6 9 4,857 168 1,126 95 16,327 938 61,604 15 Assets being acquired represent purchases of property and equipment which were not yet in operation and o which n depreciation has be charged. RBADOS PUBLIC WORKERS’ CO- PERATIVE C ED T UNION LIMITED s to the C nsolidated Financ al Stateme ts he y ar ended March 31, 2021 essed in Barbados ollars) 45 Property and Equipment Property and equipment s compris d of the following: 20 1 Furnitu e Asset Land Motor and Leasehold being Buildings Vehicl s Equipment Improvem nts Acquired Total Cost Balance, beginn g of year $ 48,724, 59 8,774,832 33 994,601 7 882,168 14,066,971 13 442,831 Additions/transfers 312,850 2,410,623 1 893,389 1,869 2,260, 7 6 879,6 8 Disposal (368,1 3) (301, 23) - - - (669,506) Balance, end of y ar 48,668,926 10,884,132 35,887,990 7 884,037 16,327,938 119,653,02 Accumulated d preciation Balance, beginn ng of year 13,965,021 2,902,864 28 738,220 5 984,852 - 51,590, 57 Depreciation 2,209,3 1,388,254 2 292,60 77 ,2 9 - 6,662,394 Disposals (130,5 2) (73,982) - - - (204,48 ) Balance, end of y ar 16,043,828 4,217,136 31 030,822 6 757,081 - 58,048,867 Net book value, end of year $ 32,625,098 6,666,99 4 857,168 1 126,95 1 ,327,938 61 04,156 Asset being acquired represent purchases of roperty and equipment whic wer not yet in operation and o which no deprec atio has been charged. DOS PUBLIC WORKERS’ CO-OPERATIV CREDIT UN ON LIM TED the Cons lidated Financial St men s y ar end d March 31, 2021 sed in Barbados dollars) 45 operty and Equipment operty and equipm n is comprised of th f llow ng: 2021 Furniture Asset Land and Motor and Leasehold being Buildings Vehicles Equipment Improve nts Acquired Total ost alance, begin ng of year $ 48,724, 59 8, 74,832 3 ,994,601 7,882,168 14,066,971 113,442,8 1 dditions/transfers 312,850 2,410,6 3 1,893,389 1,869 2,260,967 ,87 ,6 8 sposals (368,1 3) (301,323) - - - (669,506) alance, end of year 48,668,926 10,884, 32 35,887,990 7,884,037 16,327,938 119,653,023 ccumulated depreciation alance, begin ng of year 13,965,021 2,902,864 8,738, 20 5,984, 2 - 51, 90, 57 epreciation 2,209,309 1,388,254 2,29 ,602 772,2 9 - 6,6 2,394 sposal (130,5 2) (73,982) - - - (204,484) alance, e d of y ar 16,043,828 4,217, 36 31,030,822 6,757,081 - 58,048,867 et book value, end of year $ 32,6 5,098 6, 6,996 4,857,168 1,126,956 1 ,327,938 1, 04,156 set being acquir d represent purchases of property and equipment wh c were not yet in operation a d which no depreciation has been arged. ADOS PUBLIC WORKERS’ CO-OPERATIVE CR DIT UNION LIM TED he Consolidated Financi l St tements ear nded M ch 31, 2021 ed in Barbados dollars) 45 operty and Equipment perty and equipm nt is compri ed of the f llowing: 2021 Furniture As et Land nd Motor and Leas hold being Buildings Vehicles Equipm nt Improvements Acquir d Total st ance, beginning of year $ 48,724,259 8,7 4,832 33,994,601 7,882,16 4,0 ,971 13,442,83 ditions/transfers 312,850 ,41 ,623 1,893,389 1,869 2,2 0,967 6,879,69 po als (368,18 ) (301,32 ) - - - (669,50 ) ance, end of year 48,668,92 10,884,132 35,887,990 7,884,037 16,327,938 119,653,023 cumulated depreciation ance, beginning of year 13,965,021 ,902,864 2 ,738,2 0 5,984,852 - 51,590,9 7 preciation 2,209,309 1, 8 ,254 ,292,60 772,2 9 - 6,662,394 posals (130,502) 73,982) - - - (204,484) ance, end of year 16,043,828 4,217,136 3 ,030,822 6,757,081 - 58,048,867 t book value, end of year $ 32,625,098 6,6 ,9 4,857,1 ,126,956 1 ,327,938 61,604,15 sets being acqu red represent purchases of property and equi me t which w re not y t in perati n and o which no depre iation has been arged. DOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Consolidated Financial Statements nd d March 31, 2021 n Barbados dollar ) 45 rty and Equipment rty and equipment is comprised f the f llowing: 20 1 Furniture Asset Land and Motor and Le s hold being Buildings Vehicles Equipment Improvements Acquir d Total ce, b ginn g of year $ 48,724, 59 8,774 832 33,994,601 7,882,16 14,066 971 13,442,83 ons/transfer 312,850 2,410,623 ,89 ,389 1,869 2,260, 67 ,879,6 al (368,18 ) (301, 23) - - - (669,50 ) ce, end of year 48,668,926 10,884,132 35,887,990 7,884,037 16,32 938 119 653,023 mulated depreciation ce, b ginn g of year 13,965,02 2 902,864 28,738, 20 5,984, 52 - 51, 90, 57 ciation 2,209,309 1,388 54 2,292,60 77 , 9 - 6,6 2,394 sal (130,5 2) (73,982) - - - (204,484) ce, end of year 16,043,828 4,2 7 136 3 ,030,822 6,757, 81 - 58,048,867 ook value, end f year $ 32,625,098 ,666 9 4,857,16 1,126,956 6,327 938 61, 04,15 being acquired pres nt purchases of property and equipment whic w re not y t in op ratio and on whic no depr ciati n has bee ed. BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidat d Financial Statements For the year end d March 31, 2021 (Expr ssed in Barbados dollars) 46 14. Property and Equipment, continued Property and equipment is comprised of the following: 2020 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Cost Balance, beginning of year $ 40,357,401 7,416,070 33,675,967 7,882,168 14,325,962 1 Impact of IFRS 16 implementation 7,255,073 - - - - Adjusted balance April 1, 2019 47,612,474 7,416,070 33,675,967 7,882,168 14,325,962 1 Additions/transfers 1,111,785 1,550,237 509,116 - (258,991) Disposals - (191,475) (190,482) - - Balance, end of year 48,724,259 8,774,832 33,994,601 7,882,168 14,066,971 1 Accumulated depreciation Balance, beginning of year 10,722,666 1,815,476 26,616,962 4,730,431 - Impact of IFRS 16 implementation 1,042,706 - - - - Adjusted balance April 1, 2019 11,765,372 1,815,476 26,616,962 4,730,431 - Depreciation 2,199,649 1,133,065 2,259,517 1,254,421 - Disposals - (45,677) (138,259) - - Balance, end of year 13,965,021 2,902,864 28,738,220 5,984,852 - Net book value, end of year $ 34,759,238 5,871,968 5,256,381 1,897,316 14,066,971 BAR ADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidat d Financial Statements For the year ended March 31, 202 (Expressed in Barbados dollars) 46 14. Property and Equipment, continued Property and equipment is comprised of the following: 2020 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Cost Balance, beginning of year $ 40,357,401 7,416,070 33,675,967 7,882,168 14,325,962 103,657 Impact of IFRS 16 implementation 7,255,073 - - - - 7,255 Adjusted balance April 1, 2019 47,612,474 7,416,070 33,675,967 7,882,168 14,325,962 110,91 Additions/transfers 1,111,785 1,550,237 509,116 - (258,991) 2,912 Disposals - (191,475) (190,482) - - (381 Balance, end of year 48,724,259 8,774,832 33,994,601 7,882,168 14,066,971 113,44 Accumulated depreciation Balance, beginning of year 10,722,666 1,815,476 26,616,962 4,730, 31 - 43,885 Impact of IFRS 16 implementation 1,042,706 - - - - 1,042 Adjusted balance April 1, 2019 11,765,372 1,815,476 26,616,962 4,730, 31 - 44,928 Depreciation 2,199,649 1,133,065 2,259,517 1,254,421 - 6,846 Disposals - (45,677) (138,259) - - (183 Balance, end of year 13,965,021 2,902,864 28,738,220 5,984,852 - 51,590 Net book value, end of year $ 34,759,238 5,871,968 5,256,381 1,897,316 14,066,971 61,851 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to th Consolidat d Financi l Statements For the year ende March 31, 2021 Expressed in Barbados dollars) 46 14. Property and Equipment, conti ued Property and quipment is comprised of the foll wing: 20 Furniture Asset Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired To Cost Balance, beginning of year $ 40,357,401 7,416,07 33,675,967 7,882,168 14,325,962 103,657,5 Impact of IFRS 16 implementation 7,255,073 - - - - 7,255,0 Adjusted balance April 1, 2019 47,612,474 7,416,07 33,675,967 7,882,168 14,325,962 110,912,6 Additions/transfers 1,111,785 1,550,237 509,116 - (258,991) 2,912,1 Disposal - (191,475) (190,482) - - (381,9 Balance, nd of year 48,724,259 8,774,832 33,994,601 7,882,168 14,066,971 113,442,8 Accumulated depreciat on Balance, beginning of year 10,722,666 1,815,476 26,61 ,962 4,730,431 - 43,885,5 Impact of IFRS 16 implementation 1,042,706 - - - - 1,042,7 Adjusted balance April 1, 2019 11,765,372 1,815,476 26,61 ,962 4,730,431 - 44,928,2 Depreciation 2,199,649 1,133,065 2,259,517 1,254, 21 - 6,846,6 Disposals - (45,677) (138,259) - - (183,9 Balance, nd of year 13,965,021 2,902,864 28,738,220 5,984,852 - 51,590,9 Net book value, end of y ar $ 34,759,238 5,871,968 5,256,381 1,897,316 14,066,971 61,851,8 DOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED e Consolidated Financial Statements r ended March 31, 2021 d in Barbados dollars) 46 perty and Equipment, continued erty and equipment is comprised of the following: 2020 Furniture Ass ts Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Total t nce, beginning year $ 40,357,401 7,416,07 33,675,967 7,882,168 14,325,962 103,657,568 act of IFRS 16 implementation 7,255,073 - - - - 7,255,073 sted balance April 1, 2019 47,612,474 7,416,070 33,675,967 7,882,168 14,325,962 110,912,641 tions/transfers 1,111,785 1,550,237 509,116 - (258,991) 2,912,147 osals - (191,475) (190,482) - - (381,957) nce, end of year 48,724,259 8,774,832 33,994,601 7,882,168 14,066,971 113,442,831 umulated depreciation nce, beginning year 10,722,666 1,815,476 26,616,962 4,730,431 - 43,885,535 act of IFRS 16 implementation 1,042,706 - - - - 1,042,706 sted balance April 1, 2019 11,765,372 1,815,476 26,616,962 4,730,431 - 44,928,241 reciation 2,199,649 1,133,065 2,259,517 1,254,421 - 6,846,652 osals - (45,677) (138,259) - - (183,936) nce, end of year 13,965,021 2,902,864 28,738,220 5,984,852 - 51,590,957 book value, end of year $ 34,759,238 5,871,968 5,256,381 1,897,316 14,066,971 61,851,874 DOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED e Con olidated Financial Statement ar ended March 31, 2021 d in Barbados dollars) perty and Equipment, continued erty and equipment is comprised of the following: 2 20 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Total t nce, beginning of year $ 40 357 4 1 7,416,070 33,675,967 7,882,168 14,325,962 103 657 568 act of IFRS 16 implementation 7,255,073 - - - - 7,255,073 sted balance April 1, 2019 47 612 474 7 416 70 33 675 96 7 882 168 14,325,962 110,912,641 tions/transfers 1,111,785 1,550,237 509,116 (258,991) 2,912 147 osals - (191,475) (190,48 ) - - (381,957) nce, end of year 48,724,259 8,774,832 33,994,601 7,882,168 14,066,971 113,442,831 umulated depreciation nce, beginning of year 10,722,666 1,815,476 26,616,962 4,730,431 - 43,885,535 act of IFRS 16 implementation 1,042,706 - - - - 1,042,706 sted balance April 1, 2019 11,765,372 1,815,476 26,616,962 4,730,431 - 44,928,241 reciation 2,199,649 1,133,065 2,259,517 1,254,421 - 6,846,652 osals - (45,677) (138,259) - - (183,936) BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CRED UNION LIMITED Notes to the Consolidated Financial Statements For the y a nded M ch 31, 202 (Expressed in Barbados dollars) 46 14. Property and Equipment, continued Property and equipment is c mprised of the following: 2020 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Cost Balance, beginning of year $ 40 3 7 401 7,416,070 33,675,967 7,882,168 14,325,962 1 Impact of IFRS 16 implementation 7,255,073 - - - - A justed balance April 1, 2019 47 2 474 7 416 070 33,675 967 7,882,168 14,325 62 1 Additions/transfers 1,111,785 1,550 237 509 116 (258,991) Disposals - (191,475) (190,482) - - Balance, end of year 48,724, 59 8,774,832 33,994,601 7,882, 68 14,066,97 1 Accumulated depreciation Balance, beginning of year 10 72 6 1,815,476 26,616,962 4,730,431 Impact of IFRS 16 implementation 1,042,706 - - - - Adjusted balance April 1, 2019 11 765 372 815 476 26 616 962 730 3 Depreciation 2,199,649 1,133 065 2,259 517 1,254,421 Disposals - (45,677) (138,259) - - Balance, end of year 13,965,021 2,902,864 28,738,220 5,984,852 - Net book value, end of year $ 34,759,238 5,871,968 5,256,381 1,897,316 14,066,971 o BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolid ted Financial Statements For the y ar ended March 31, 2 1 (Expressed in Barbados dollars) 46 14. Property and Equipment, continued Property and equipment is comprised of the following: 2020 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Cost Balance, beginning of year $ 40 3 7 401 7,416,070 33,675,967 7,882,168 14,325,962 1 Impact of IFRS 16 implementation ,255,0 3 - - - - A justed balance April 1, 2019 47 6 2 474 7 416 070 33,675 967 7,882,168 14,325 962 Additions/transfers 1, 11,785 1,550 237 509 116 (258,991) Disp sals - (191,475) (1 0,482) - - Balance, end of year 48,724,259 8,774,832 33,994,601 7,882,168 14,066,971 1 Accumulated depr c i n Balance, beginning of year 10 72 66 1,815,476 26,616,962 4,730,431 Impact of IFRS 16 implementation ,042,706 - - - - Adjusted balance April 1, 2019 11 765 372 815 476 26 616 962 4 730 31 e reciation 2,199,649 1,133 065 2,259 517 1,254,421 Disp sals - (45,677) (1 , 59) - - Balance, end of year 13,965,021 2,902,8 4 28,738,220 5,984,852 - Net book value, end of year $ 34,759,238 5,871,968 5,256,381 1,897,316 14,066,971 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the y r ded March 31, 2021 Expressed in Barbados doll rs) 46 14. Property and Equipment, continued Property and quipment is c mpri ed of the foll wing: 2020 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired To Cost Balance, beginning of year $ 40 3 7 401 7,416,070 33,675,967 7,882,168 14,325,962 103 6 7 5 mpact of IFRS 16 implementation 7,255,073 - - - - 7,255,0 justed balance April 1, 2019 47 6 2 474 7 416,070 33,67 967 7,882,168 14,325 62 110,912,6 Additions/transfer 1,111,785 1,550 237 509 116 - (258,991) 2,912 1 Disposals - (191,475) (190,482) - - (381,9 Balance, end of year 48,724,259 8,774,832 33,994,601 7,882,168 14,066,971 113,442,8 Accumulated depr c ation Balance, beginning of year 10 72 66 1,815,476 26,616,962 4,730,431 43 885 5 mpact of IFRS 16 implementation 1,042,706 - - - - 1,042,7 Adjusted balance April 1, 2019 11 765 372 815,476 26 616 962 4 730 3 44,92 ,2 Depreciation 2,199,649 1,133 065 2,259 517 1,254,421 - 6,846 6 Disposals - (45,677) (138,259) - - (183,9 Balance, end of year 13,965,021 2,902,864 28,738,2 0 5,984,852 - 51,590,9 Net book value, end of y ar $ 34,759,238 5,871,968 5,256,381 1,897,316 14,066,971 61,851,8 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes o the Consolidated Financ al St tements For th year ended March 31, 2021 Expressed in Barbados doll rs) 46 14. Property and Equipment, continued Property and quipment is comprised of the following: 2020 Furn ture ssets Lan and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired To Cost Balance, beginning of year $ 40 3 7 401 7,416,070 33,675,967 7,882,168 14,325,962 103 6 7 5 Impact of IFRS 16 implementation 7,255,0 3 - - - - 7,255,0 justed balance April 1, 2019 47 6 2 474 7 416 070 33,675 967 7,882,168 14,325 62 110,912,6 Additions/transfer 1,111,785 1,550 237 509 116 - (258,991) 2,912 1 Disposals - (191,475) (1 0,482) - - (381,9 Balance, end of year 48,724,259 8,774,832 33,994,601 7,882,168 14,066,971 113,442,8 Accumulated depreciation Balance, beginning of year 10 72 66 1,815,476 26,616,962 4,730, 31 43 885 5 Impact of IFRS 16 implementation 1,042,706 - - - - 1,042,7 Adjusted ba ance April 1, 2019 11 765 372 1 815 47 26 616 962 4 730 3 44,928 2 Depreciation 2,199,649 1,133 065 2,259 517 1,254,42 6,846 6 Disposals - (45,677) (1 8,259) - - (183,9 Balance, end of year 13,965,021 2,902,864 28,738,2 0 5,984,852 - 51,590,9 Net book value, end of y ar $ 34,759,238 5,871,968 5,256,381 1,897,316 14,066,971 61,851,8 B S’ - P NI N T ot o he i te a c l S or d h 3 s 4 1 erty and Equipment, conti ued r t i o wi 2 r t e i es pr em n c , 5, 2 1 of RS a , 7, 5, dj t A , 7 7, 6, 5, 7 9 s 5) B a c en a , u at n , of RS a , , dj t A , 7 1, , 26, 6, , 8, D c , s 7) B , , , , , , t b l n , BARBADOS PUB WORKERS’ CO-OPERATIVE CRE IT U ION IM TE Notes to the Consolidated Financial Statements For the year ended March 31, 2021 (Expr ssed in Barbados dollars) 46 14. Property and Equi ment, continued Property an equip ent is comprised of the f llowing: 2 Furnit ss t Lan an tor and Leasehold bein Buil ings Vehicles Equipment Improv ents cquire Balance, beginnin of ye $ 40,357,401 7,416,070 33,675,967 7,882,16 14,325,962 103,657 Impact of IFRS 16 implementation 7,255,073 - - - - 7,255 Adjusted balance April 1, 2019 47,612,474 7,416,070 33,675,967 7,882,16 14,325,962 110,912 Additions/transfers 1,111,785 1,55 ,237 50 ,116 - 258,991) 2,912 Disposals - (191,475) 190,48 ) - - (381 B lance, en of ye 48,724,259 8,77 ,832 33,99 ,601 7,882,16 14,066,971 113,442 Accumulated depre iation Balance, beginning of ye r 10,722,666 1,815,476 26,616,962 4,730,431 - 43,88 Impact of IFRS 16 impl mentation 1,042,706 - - - 1,042 Adjusted balance April 1, 2019 11,765,372 1,815,47 26,616,962 4,730,43 - 44,928 De reciation 2,199,649 1,133 065 2,25 517 1,25 ,42 - 6,84 Disposals - (45,677) 138 259) - - 183 B lance, en of ye 13,965,021 2,902,864 28,738,220 5,984,85 - 51,590 Net book value, end of year $ 34,759,238 5,871,968 5,256,381 1,897,316 14,066,971 61,851 ARBADOS PUBLIC WORKERS’ CO-OPERATIV CREDIT UNION LIMITED otes to the Consolidat Financial St tements r the year nde March 31, 2021 xp essed in Barbados dollars) 46 . Property and Equipment, continued Property and equipment is comprised of the following: 2020 Furnit e As et Land Mot r and L as hold being Buildings Vehicles Equipment Improv ments Acquir d Tota Cost Balance, beginni g of year $ 40,357 401 7,416 070 33,675,967 7,882,168 14,325,962 103,657 56 Impac of IFRS 16 impleme tation 7,255 073 - - - - 7,255 07 Adjusted balance April 1, 2019 47,612 474 7,416 070 33,675 967 7,882 168 14,325 962 110,912,64 Additions/transfer 1,11 785 1,550 237 509,116 - (258,991) 2,912 14 Disposals - (191,475) (190,482) - - (381,95 Balance, end of y ar 48,724 259 8,774 832 33,994 601 7,882 168 14,066 971 113,442,83 Accumulated depreciation Balance, beginning of ye r 10,722 666 1,815,476 26,61 962 4,730 4 1 - 43,885 53 Impact of IFRS 16 impleme tation 1,042 706 - - - - 1,042 70 Adjusted balance April 1, 2019 11,765 372 1,815 476 26,61 962 4,730 4 1 - 44,928 4 Depreciation 2,199 64 1,133 065 2,259 517 1,254 421 - 6,84 652 Disposals - (45,677) (138,259) - - (183,93 Balance, end of y ar 13,965 021 2,90 864 28,73 220 ,984 852 - 51,590 95 Net b ok value, end of year $ 34,759 238 5,871 968 5,256 381 1,897 316 14,0 6 971 61,851 87 ARBADOS PUBLIC WORKERS’ CO-OPERATIV CREDIT UNION LIMITED otes to the Cons lidated Financial S atements r th year ended March 31, 2021 x res ed n Barbados dollars) 46 . Property and Equipment, continued Property and equipment is comprised of the following: 2020 Furniture Assets Land an Mot r and L asehold being Buildings Vehicles Equipment Improv ments Acquir d Tota Cost Balance, beginning of year $ 40 3 7,401 7,4 6,070 33,675,967 7,882,168 14,325,962 103 6 7 56 Impact of IFRS 16 impleme tation 7,255,073 - - - - 7,255,07 djusted balance April 1, 2019 47 6 2 474 7 416 070 3 ,675 967 7,882,168 14,325 62 110,912,64 Additions/transfers 1,111,785 1,5 0 237 509 116 - (258,991) 2,912 14 Disposals - (191,475) (190,482) - - (381,95 Balance, end of y ar 48,724,259 8,774,832 3 ,994,601 7,882,168 14,066,971 113,442,83 Accumulat d depreciation Balance, beginning of year 10 72 66 1,815,476 26,616,962 4,730,431 43 885 53 Impact of IFRS 16 impleme tation 1,042,706 - - - - 1,042,70 Adjusted bal nce April 1, 2019 11 765 372 1 815 47 26 616 962 4 730 3 44,928,24 Depreciation 2,199,649 1,133 065 2,259 517 1,254,421 6,846 65 Disposals - (45,677) (138,259) - - (183,93 Balance, end of y ar 13,965,021 2,902,864 28,738,220 5,984,852 - 51,590,95 Net book value, end of year $ 34,759,238 5,871,968 5,256,381 1,897,316 14,0 6,971 61,851,87 ARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED otes to the Consolidat d Financial S atements or the year ended March 31, 2021 xpressed in Barbados dollars) . Property and Equip nt, continued Property and equipment i comprised of the following: 2020 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Tota Cost Balance, beginning of year $ 40 357 4 1 7,416,070 33,675,967 7,882,168 14, 25,962 103 657 56 Impact of IFRS 16 implementa ion 7,255,0 3 - - - - 7,255,07 Adjusted b lance April 1, 2019 47 612 474 7,416 070 33 675 96 7 882 168 14,325,962 110,9 ,64 Additions/transf rs 1,111,785 1,550 23 509 116 ( 58,991) 2,912 14 Dispos ls - (191,475) (190,482) - - (381, Balance, end of y ar 48, 24, 59 8,774,832 33,994,60 7, 82,168 14,066, 113,442,83 Accumulated depreciation Balance, beginning of year 10,722,666 1,815,476 26,616,962 4,730,431 - 43,885,53 Impact of IFRS 16 implementation 1,042,706 - - - - 1,042,70 Adjusted balance April 1, 2019 11,765,372 1,815,476 26, 16,962 4,730,431 - 44,928,24 Depreciation 2,199,649 1,133,065 2,259,517 1,254,421 - 6,846,65 Disposals - (45,677) (138,259) - - (183,93 ARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED otes to the Consoli ated Financial Statements or the year e ded March 31, 2021 xpressed in Barbados dollars) 46 . Property and Equipment, continued Property and equipment is comprised of the following: 2020 Furniture Assets Land and Mot r and Leas hold being Buildings Vehicles Equipment Improvements Acquired Tota Cost Balance, beginning of year $ 40 3 7 401 7,4 6,070 33,675,967 7,882,168 14,325,962 103,6 7 56 Impact of IFRS 16 implementa ion 7,255,0 3 - - - - 7,255,07 djusted b l nce April 1, 2019 47 6 2 474 7,416 0 0 33,675 967 7,882,168 14,325 62 110,912,64 Additions/transfers 1,111,785 1,550 237 509 116 (258,991) 2,912 14 Dispos ls - (1 1,475) (190,482) - - ( 81,95 Balan e, end of y ar 48,724,259 8,774,832 3 ,994,601 7,882,168 14,066,971 113,442,83 Accumulated depreciation c b g n ng 1 722 666 1 8 5 4 6 26 16 9 2 4 730 431 43,885 3 of I S p a 1 042 706 1 042 70 d t lance p 11 765 3 2 1 8 5 4 6 26 16 2 4 730 431 44,928,24 Depreciation 2 99 649 133 065 2,25 5 7 1,254,421 6,846 65 s (45,6 7) 38,259) 1 3, 3 c 13 965 021 2 902 64 28 738 220 5 9 4 852 - 51,590,95 Net book value, end of year $ 34,759,238 5,871,968 5,256,381 1,897,316 14,0 6,971 61,851,87 RBADOS PUBLIC WORKERS’ CO-OPERATIVE C ED T UNION LIMITED s to the C nsolidat d Financ al St tements he y ar nde March 31, 2021 ess d in Barbados dollars) 46 Property and Equipment, continued Property and equipment is comprised of the f llowing: 20 Furniture Asset Land Motor a d Leasehold being Buildings Vehicl s Equipment Improvements Acquired Total Cost Balance, beginn ng of year $ 40,357,401 7,416,070 33,675 967 7,882,16 14,325,962 103,657 68 Impact of IFRS 16 implementation 7,255 0 3 - - - - 7,255 0 3 Adjusted balance April 1, 2019 47,612,474 7,416 070 33,675 967 7,882 16 14,325 962 110,912,641 Additions/transf rs 1,111,785 1,550,237 509 116 - (258,991) 2,912 147 Disposal - (191,475) (190,482) - - (381,957) Balance, end of year 48,724 259 8,774,832 33,994,6 1 7,882 16 14,066 971 13,442,83 Accumulated preciation Balan e, beginn ng of year 10,722,666 1,815,476 26,61 9 2 4,730,4 1 - 43,885 53 Impact of IFRS 16 imp ementation 1,042 706 - - - - 1,042 706 Adjusted balance April 1, 2019 11,765,372 1,815 476 26,616 9 2 4,730 4 1 - 44,928,241 Depreciation 2, 99 49 1,133 065 2, 59 517 1,254 421 - 6,8 6,652 Disposals - (45,677) (138,259) - - (183,936) B lance, end of year 13,965 021 2,902,864 28,738,220 5,984 852 - 51, 90,957 N t book value, end of year $ 34,759,238 5,871,96 5, 56, 1 1,897,316 14,066,971 61,851,874 RBADOS PUBLIC WORKERS’ CO- PERATIVE C ED T U ION LIMITED s to the Consolidated F nanc al St teme ts h y ar nded March 31, 2021 es ed in B rbados dol ars) 46 Prope ty and Equipment, cont nued Property and equipment is com rised of the following: 202 Furnitu e Asset Land and Motor a d Leaseh ld being Buildings Vehicl s Equipment Improvements Acquired Total Cost Balance, beginn ng of year $ 40 3 401 7,416 070 33,675 967 7,882 168 14,325 962 103 6 7 568 Impact of IFRS 16 implement tion 7,255 0 3 - - - - 7,255 0 3 justed bala ce April 1, 2019 47,6 2 474 7 416 07 33,675 967 7,882 168 14,325 62 110,912,64 Additions/transfers 1,111 785 1,550,237 509,116 (258,991) 2,912 14 Disposals - ( 91,475) (190,482) - - (381,957) Balance, end of year 48,724 59 8,774,832 33,994,601 7,882 168 14,066,971 113,442 831 Accumulat d d preciation Balance, beginn ng of year 10 72 66 1,815 476 26,616 9 2 4,730 4 1 43 885 535 Impact of IFRS 16 implement tion 1,042 706 - - - - 1,042 706 Adjusted b lance April 1, 2019 11 765 372 815 476 26 616 962 4 730 3 44,928 1 Depreciation 2, 99 49 1,133 065 2, 59,517 1,254 421 - 6,846,652 Disposals - (45 677) (138,259) - - (183,936) Balance, end of year 13,965 021 2,90 864 28,73 220 5,984 52 - 51, 90 57 Net book value, end of year $ 34,759 238 5,871 968 5,256 381 1,897 316 14,066 971 61,85 74 RBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT U ION LIM TED to the Consolidated F nancial Statements he y ar ended March 31, 20 1 essed in Barb dos dollars) Proper y and Equipm nt, con nued Property and equipmen is comprised of the following: 202 Furniture Asset Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Total Cost Balance, beginn ng of year $ 40,357 4 1 7,416 070 33,675 9 7 7,882 168 14,325,962 103 657 568 Impact of IFRS 16 implementation 7,255,0 3 - - - - 7,255,073 Adjusted balance April 1, 2019 47 612 474 7 416 70 33 675 96 7 882 168 14,325,962 110,9 2,641 Additions/transfers 1,111 785 1,550 23 509 16 - (258,991) 2,912 147 Disposals - (191,475) (190,482) - - (381, ) Balance, end f year 48,724, 59 8,774, 32 33,994,60 7, 82,168 14, 66, 113,442,831 Accumulated depreciation Balance, beginn g of year 10,722,66 1,815,476 26, 16,9 2 4,730,431 - 43,885,53 Impact of IFRS 16 impleme tation 1, 42,706 - - - - 1, 42,706 Adjusted balance April 1, 2019 11, 65,372 1,815,476 26, 16,9 2 4,730,431 - 44,928, 41 Depreciation 2,1 9,649 1,133,065 2,259,517 1, 54,421 - 6,846,652 Disposal - (45,677) (138,259) - - (183,9 6) RBADOS PUBLIC WORKERS’ CO-OPERATIVE CRED T UNION LIMITED s to the Consolidated Financial St tements he y a e ded March 31, 2021 essed in Barbados dollars) 4 Property and Equipment, cont nued Property and equipment is com rised of the following: 20 0 Furniture Asset Land and Motor and Lea ehold being Buildings Vehicl s Equipment Improvements Acquired Total Cost Balance, beginn ng of year $ 40,3 401 7,416 070 33,675 967 7,882 168 14,325 962 103 6 7 568 Impact of IFRS 16 implementation 7,255,0 3 - - - - 7,255,073 A justed balance April 1, 2019 47 6 2 474 7 416 070 33,675 967 7,882,168 14,325 62 110,912,641 Additions/tr nsfers 1,11 785 1,550 237 509 116 (258,991) 2,912 14 Disposal - (191,475) (190,482) - - (381,957) Balan e, end of year 48,724 259 8,774 832 33,994 601 7,882,168 14,066,971 113,442 831 Accumulated d preciation n r 1 722 666 1 8 5 4 6 26 16 2 4 730 4 1 - 4 885 35 of S l n a 1 042 06 1 042 706 t b l c l 11 765 3 2 1 8 5 4 6 26 16 2 4 730 431 - 44,928,2 1 Depreciation 2 99 64 133 06 2,25 5 7 1,254 421 - 6,846,652 (45 6 7 3 259 183 36 13 965 021 2 902 64 28 738 20 5 9 4 52 - 51,590,9 7 Net book value, end of year $ 34,759 238 5,871 968 5,256 381 1,897 316 14,066 971 61,85 74 DOS PUBLIC WORKE S’ CO-OPERATIVE CREDIT UNION L MITED he Consolidat d Financial St men s ear ended M rch 31, 2021 sed in Barbados dollars) 46 operty and Equipment, co in ed operty and equipment is co prised of the f llow ng: 2020 Furniture Asset Land and Motor a d Leasehold being Buildi gs Vehicles Equipment Improvements Acquired Total ost lance, begin in of year $ 40,357,401 7,416,070 33,675,967 7,882,168 14,325,962 103,657, 68 pact of IFRS 16 implem ntation 7,255, 73 - - - - 7,2 ,073 justed balance April 1, 2019 47,612,47 7,416,070 33,675,967 7,882,168 14,325,962 110,912,641 diti ns/ ransfers 1,111, 85 1,5 ,237 5 ,116 - (258,991) 2,912, 47 sposals - (191,475) (190,482) - - (381,957) lance, e d of y ar 48,724, 59 8,774,832 33,994,601 7,882,168 14,066,97 113,442,83 ccumulated depreciation lance, begin ing of year 10,722,666 1,8 5,476 26,616,9 4,730,431 - 43,885,535 pa t of IFRS 16 impl mentat n 1,042,706 - - - - 1,042,706 justed balance April 1, 2019 11,765,372 1,8 5,476 26,616,9 4,730, 31 - 44,928,241 epr ciation 2,199,649 1,133,065 2,25 ,517 1,25 , 21 - 6,846, 52 sposals - (45,677) (138, 59) - - (183,9 6) lance, e d of y ar 13,965,02 2,902,864 8,738,220 5,9 4, 52 - 51, 90, 57 et book valu , d of year $ 34,759,238 5,871,968 5,2 , 81 1,897,316 14,0 6,97 61,851,874 DOS PUBLIC WORKE S’ CO-OPERATIVE CREDIT UN ON L MITED he Consolidated Financial Sta men s y ar nded March 31, 202 d in Barb d dollars) 46 operty and Equipment, contin ed operty and equipment is comprised of the f llow ng: 2020 Furniture Assets Land and Motor a d Leasehold bei g Buildi gs Vehicles Equipment Improvements Acquired Total ost lance, beginning of year $ 40,3 7,401 7,416,070 33,675,967 7,882,168 14,325,962 03 6 7 68 pact of IFRS 16 implem ntation 7,255, 73 - - - - 7, 5,073 juste bal ce April 1, 2019 47 6 2 474 4 6 070 33,675 967 7,882,168 14,325 62 110,912,641 dition /transfers ,1 1, 85 1,550 237 509 116 - (258,991) 2,912, 4 sposals - (191,475) (190,482) - - (3 1,957) lance, e d of y ar 48,724, 59 8,774, 32 33,994,601 7,882,168 14,066,971 13,442,831 ccumu ated depreciatio lance, beginning of year 10 72 ,66 1,8 5,476 2 ,616,9 2 4,730, 31 43 885 535 pact of IFRS 16 implem ntation 1,042,706 - - - - 1,042,706 juste balance April 1, 2019 11 765 372 1 8 5 476 26 616 962 4 730 3 44 928 241 epreciatio 2,199,649 1,133 065 ,2 9 517 1,254, 21 - 6,846 52 sposals - (45,677) (138, 59) - - (183,936) lance, e d of y ar 13,965,021 2,902,864 8,738,220 5,9 4, 52 - 51, 90, 57 et book value, end of year $ 34,759,238 5,871,968 5,2 6,381 1,897,316 4,066,971 61,851,874 ADOS PUBLIC WORKE S’ CO-OPERATIVE CREDIT UNION LIMITED h Consolidated Financial S atemen s y ar ended March 31, 02 sed in Barb dos dollars) operty and Equipment, continued operty and equipment is comprised of the following: 2020 Furniture Assets Land and Motor and Leasehold being Bu ldings Vehicles Equipment Improvem nts Acquired Total ost alance, beginning of year $ 40,357 4 1 7,416,070 33,675,967 7,882,168 4,325,962 103 657 68 pact of IFRS 16 impl mentation 7,255,073 - - - - 7,255,073 djusted balance April 1, 2019 47 612,474 7 4 6, 70 33 675,967 7 882,168 4,325,962 110,912,6 1 dditions/transfers ,111,785 1,550 23 509 116 - (258,991) 2,912 147 sposals - (191,475) (190,4 2) - - (381, 57) alance, d of year 48, 24,259 8,7 4,832 33,994,601 7, 82,168 4,066,971 113,442,831 ccumula ed depreciation alance, begin n of year 10,722,666 1,8 5,476 26,616,9 2 4,730, 31 - 43,885,535 pact of IFRS 16 implem ntation 1,042,706 - - - - 1,042,706 djuste balance April 1, 2019 11,765,372 1,8 5,476 26, 16,9 2 4,730, 31 - 44,928, 41 epr ciation 2,199,649 1,133,065 ,259, 17 1,25 ,421 - 6,846, 52 sposal - (45,677) (138,259) - - (183,9 6) DOS PUBLIC WORKE S’ CO-OPERATIVE CREDI UNION L MITED he Consolid ed Financial S atemen s year ended M rch 31, 2021 sed in Barb dos dollars) 4 operty and Equipment, co in ed operty and equipmen is comprised of the following: 2020 Furniture Assets Lan and Motor and Leasehold b ing Buildings Vehicles Equipment Improvem ts Acquired Total ost alance, beginning of y ar $ 40,3 7,401 7,416,070 33,675,967 7,882,168 14,325,962 0 6 7, 68 pact of IFRS 16 impl mentation ,255,073 - - - - 7,255,073 djusted balance April 1, 2019 47 6 2,474 7 4 6,0 0 33,675, 67 7,882,168 14,325, 62 110,912,641 ddition /transfers 1,1 1,785 1,550,237 509,116 - (258,991) 2,912,14 sposals - (191,475) (190,482) - - (381,957) alance, e d of year 48,724,259 8,774, 32 33,994,601 7,882,168 14,066,971 113,442,831 ccumu ated depreciation ce g n o 1 722 666 1 8 5 4 6 26 16 2 4 730,431 - 4 885,535 act of I S 1 i nta o 1 042 706 1 0 2 706 j t d ba n Ap 11 765 3 2 1 8 5 4 6 26 16 2 4 730 431 - 44 928,241 epr ciation 2 99,649 133,065 2,25 ,5 7 1,254,421 - 6 846 52 o s (45 6 7 38 259 1 3 36 c d f y 13 965 021 2,902 64 28 7 8 220 5 9 4 52 - 5 ,590, 57 et book value, end of y ar $ 34,759,238 5,871,968 5,2 6,381 1,897,316 4,066,971 61,851,874 ADOS PUBLIC WORKERS’ CO-OPERATIVE CR DIT UNION LIMITED he Cons lidated Fi anci l St tements ea ended March 31, 2021 ed in Ba bados dollars) 4 operty and Equipm nt, continued perty and equipment is compri ed of the following: 2020 Furnitu e As et Land an Motor and Leas hold b ing Buildi gs Vehicles Equipm nt Improvements Acquired To al st ance, beginning of year $ 40,357,401 7,416,070 3 ,675,967 7,882,168 4,325,962 103,657,568 act of IFRS 16 implementation 7,255,073 - - - - 7,255,07 usted balance April 1, 2019 47,612,474 ,416,070 33,675,967 7,882,168 14,325,962 110,912,64 di ions/tr sfers 1,111,785 1,550,23 509 116 - ( 58 991) 2,91 , 47 p sals - (191 4 5) (190,482) - - (381,957) ance, end of year 48,724,259 8,774,832 3 ,994,601 7,882,168 14,066,971 1 3,442,83 cumulated depreciation an e, beginning of yea 10,722,666 ,815,476 26, 16,962 4,730,431 - 43,885,535 pact of IFRS 16 implementation 1,042,706 - - - - 1,042,706 usted balance April 1, 2019 11,765,372 1,815,476 26, 1 ,962 4,730,431 - 44,928,24 preciation 2,19 ,649 1,133,065 ,259,517 1,25 ,421 - 6,846 652 posals - (45 677) (138,259) - - (183,936) ance, end of year 13,965,021 2,902,864 28,738,2 0 5,984,852 - 51,590,9 7 book value, end of y ar $ 34,759,238 5,871,968 5,256,381 1,897,316 14,0 6,971 6 ,85 ,874 ADOS PUBLIC WORKERS’ CO-OP RATIVE CR DIT UNION LIMITED he Consolidate Financi l Statements ea ended March 31, 2021 ed in Barbados dollars) 46 operty and Equipment, continued perty and quipment is compri ed of the following: 2020 Furnitu e A set Land an Motor and Leasehold be ng Buildings Vehicles Equipment Improvements Acquired Total st ance, begi ning of year $ 40 3 7 401 7,416,070 33,675,967 7,882,168 4,325,962 103,6 7,568 pact of IFRS 16 implementation 7,2 5 073 - - - - 7,2 5,07 usted balance Apr l 1, 2019 47,6 2,474 ,416 070 3 ,675,967 7, 82,168 14,325, 62 10,912,641 tions/transfers 1,1 1,785 1,550 23 509, 16 (258 91) 2,912,14 posals - (19 475) (190,482) - - (381,957) ance, end of year 48,724,259 8, 74,832 3, 94,601 7, 82,168 14,0 6,971 13, 42,831 cumulated depreciat on ance, beginning of year 10 7 6 1,815,476 26,61 ,962 4,730,431 43 885 535 pact of IFRS 16 implementation ,042 706 - - - - 1,042 706 usted balance April 1, 2019 1 765 372 1,815 476 26,616,962 4,730, 3 44 928,2 1 preci tion 2,19 ,649 1,133 065 ,259,517 1,25 ,421 6,846 652 p sals - (45 6 7) (138,259) - - ( 83 936) ance, end of year 13,965,021 ,90 ,864 28,73 , 0 5,984,852 - 51,590,9 7 t book value, end of y ar $ 34,759,2 8 5,871,968 5,256,381 1,897,316 14,0 6,971 61,85 ,874 DOS PUBLIC WORKERS’ CO-OPERATIVE CR DIT UNION LIMITED the Consolidated Financial S atem nts ear nd d March 31, 2021 ed in Barbados dollars) operty and Equipm nt, continued perty and equipment is comprised of the f llowing: 202 Furnitu e Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Total st an e, begi ning of year $ 40 357 401 7,416,070 33,675,967 7, 82,168 14,325,962 103 657 568 pact of IFRS 16 impl mentation 7,2 5,073 - - - - 7,2 5,073 usted balan e April 1, 2019 47 612 474 ,416 070 33 675 967 7, 82 168 14,325,962 10,912,641 ditions/transfers 1, 1,785 1, 50 237 509 116 (258, 91) 2,912 147 posals - (191,475) (190,482) - - (381,957) ance, end of year 48,724,259 8, 74,832 33, 94,601 7, 82,168 14,0 6,971 1 3, 42,831 cumulated depreciation ance, b gi ning of year 10,7 2, 6 1,815,476 2 ,616,962 4,730,431 - 43, 8 ,535 pact of IFRS 16 implementation 1,042,706 - - - - 1,042,706 usted b lance April 1, 2019 1,765,372 1,815,476 2 , 16,962 4,730,431 - 4,928,241 preciation 2,1 9,649 ,1 3,065 2,259,517 1,254,421 - 6,84 ,652 po als - (45,6 7) (138,259) - - (183,936) ADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED the Consolidate F n nci l St tem nts a end d Mar h 31, 2021 ed in Barbados dollars) 46 operty and Equipment, continued perty and equipment is comprised of the following: 2020 Furniture Asset Land and Motor and Leas h ld be ng Buildings Vehicles Equipm nt Improvements Acquired Total st an e, beginning of year $ 40 3 7,401 7,416,070 33,675,967 7,882,16 4,325,962 103 6 7 568 pact of IFRS 16 impl mentation ,255,0 3 - - - - 7,255,073 usted balance April 1, 2019 47 6 2 474 ,416 0 0 33,675 9 7 7,882,16 14,325, 62 1 0,912, 41 itions/transfers 1,11 ,785 1,550,237 5 9 116 (258,991) 2,9 2 147 posals - (191,47 ) (1 0,482) - - (381,957) an e, end of year 48,724,259 8,7 4,832 3 ,994,601 7,882,16 14,066,971 1 3,442,831 cumulated depreciat on 1 722 666 8 5 4 6 26 616 2 4 730 431 4 885 35 of S 16 a 1 042 706 1 042 706 t n pr l 1 11 765 3 2 8 5 4 6 26 16 4 730 431 44,928 241 preciation 2 199 649 133 065 2,25 17 1,254,421 6 846 652 s (45 6 7) 138 259 1 3 36 13 965 021 2 902 64 28 738 220 5 9 4 852 - 5 ,590 957 t book value, end of year $ 34,759,2 8 5,8 1,968 5,256,3 1 1,897,3 6 14,066,97 61,85 ,874 DOS PUBLIC WORKERS’ CO-OPERATIVE C ED T UNION LIMITED Cons lidate Fin ial Stateme ts ende M ch 31, 2021 in Barbados llars) 46 erty and Equipment, conti ued rty and equipment is comprised f the following: 20 Furniture Asset Land and Motor and Le sehold being Buildi gs Vehicles Equipmen Imp ov men s Acquired Total ce, b ginning of year $ 40,357,401 7,416,070 33 675,967 7 882,16 14,325,962 103 657,568 t of IFRS 16 implementation 7,255,073 - - - - 7,255,073 ed b lan April 1, 2019 47,612,474 7,416,07 33 6 5,967 7 882,16 14,325,962 110,91 ,64 n /transfers 1,111,785 1,550,237 509,11 - (258,991) 2 912, 47 sals - (191,475) (190,482) - - (381,957) ce, end of year 48,724, 59 8,774,832 33,994,6 7 882,16 14,066,971 113, 42, 3 m lated depr ciati n ce, b ginning of year 10,722,66 1,815,476 26 1 ,962 4 730,431 - 43,885,53 t of IFRS 16 implem ntation 1,042,706 - - - - 1,042,706 ed b lan April 1, 2019 11,765,372 1,815,476 26 1 ,962 4 730,431 - 44,928,241 ciation 2, 99,649 1,133,065 2 259,517 1 254,421 - 6,846,652 als - (45,677) (138,259) - - ( 83,936) ce, end of year 13,965,021 2,902,864 28,738, 20 5 984, 52 - 51,590, 57 ook value, end of year $ 34,759,238 5,871,968 5 256, 1 1 897,316 14,066,971 61 85 ,874 DOS PUBLIC WORKERS’ O- PERATIVE CREDIT UNION LIMITED Cons lidated Fina cial Statements end d M c 31, 2021 in Barbado dollars) 46 erty and Equipment, continued rty and equipment is comprised f the f llowing: 202 Furniture Assets Land and Motor and Leaseh ld being Buildi gs Vehicles Equipmen Improvements Acquired Total ce, beginning of year $ 40 3 7 401 7,416,07 3 ,675,967 ,882,16 14,325,962 103 657 68 t of IFRS 16 implementation 7,255,0 3 - - - - 7,255,073 d b la c April 1, 2019 47 612 474 7 416,070 33 675 967 7 882,16 14,325 62 110,912,641 on /transfers 1,111,785 1,550 237 09 116 - (258,991) 2,9 2 47 sal - (191,475) (190,48 ) - - (381,957) ce, end of year 48,724, 59 8,7 4,832 3 ,994,601 7,882,16 14,066,971 1 3, 2,83 m lated depreciation ce, beginning of year 10 72 66 1,815,476 26, 1 ,962 4,730,431 43 885 535 t of IFRS 16 implementation 1,042,706 - - - - 1,042,706 ed b lanc April 1, 2019 1 765 372 815 476 26 16 962 4 30 3 4 92 ,241 ciation 2,199,649 1,133 065 2 259 517 1 254,421 - 6,8 6,652 als - (45,677) (138,259) - - (183,93 ) ce, end of year 13,965,021 2,902,8 4 28,738, 20 5,984, 52 - 51, 90, 57 o k value, nd of year $ 34,759,238 5,871,96 5,256,381 ,897,316 14,066,971 61,851,874 DOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Cons lid t d Financial Stat ments nded M rch 31, 2021 in Barbados dollars) 4 erty and Equipment, continued rty and equipment is comprised f the f llowing: 20 Furniture Assets Land and Motor and Leas hold being Buildings Vehicles Equipment Improvements Acquired Total ce, beginning of year $ 40 3 7 401 7, 16,07 33,675,967 ,882,16 14,325,962 103 6 7 68 t of FRS 16 impleme tation ,255,0 3 - - - - 7, 55,073 ed bala ce April 1, 2019 47 6 2 474 7 416 070 33,6 967 7 8 ,16 14,325 62 110,912,641 ons/transfer 1,1 1,785 1,550 237 509 116 (258,991) 2,912 4 al - (191,475) (190, 82) - - (38 ,957) e, end of year 48,724, 59 8,774,832 33,994,601 7,882,16 14,066,971 113, 42,83 mulated depreciation ce, beginning of year 10 72 66 1,8 5,476 26, 16,9 2 4,730,431 43 885 535 t of FRS 16 impleme tation ,042,706 - - - - 1,042,706 ed balance April 1, 2019 11 765 372 8 4 6 26 16 962 4 730 3 44 928 41 ciation 2, 99,649 1,133 065 2,259 517 1,254,421 6,846 652 al - (45,677) (13 , 59) - - (183, 36) ce, end f y ar 13,965,021 2,902, 4 28,73 ,220 5,984, 52 - 5 ,590,957 ook value, end of yea $ 34,759,238 5,871,96 5,2 6,381 ,897,316 14,066,971 6 ,851,874 O PUB IC WOR ER ’ O PERATIVE CRE IT NI M TED Cons lidate F nan ia S t s en d ch 1, 2 21 in B r a ll s) er nd E i nt, c ti ued y and e ipment o i ed f t f llowin : ur ure s s and Le h l ng i ngs ehi s Equi me I p vements c ir otal e, b gi n ng o year $ 40 3 7 4 1 3 7 8 5 103 657 8 t of RS im lementa ion 7 255, 7 - - - - 7,255 3 te la c pr l 1, 2 9 7 6 2,474 7 416,070 33 6 ,967 7 8 , 6 3 5 62 ,9 641 ons/ ransf 550 237 509 116 2 8 9 ) 912 14 al - (1 7 (190, 8 - - 38 , 57) e, en of year 4 3 , a d dep eciation e, b gi n ng o year 10 7 6 2 1 3 3 885 5 5 t of RS im lementa ion 1 042, 0 - - - - 4 0 t a c pr 1, 2 19 1 7 5,372 815 47 26 16,96 4 730, 3 92 ,241 ia i n 4 33 065 259 517 25 - 6, 2 al - 7 (138, 5 - - ( 8 , 3 e, e d of y ar 2 6 2 ,73 , 2 5,9 4, 5 - 5 ,590 957 ook v u e of y a 7 6

RkJQdWJsaXNoZXIy MTA2MDM=