Separate Annual Report 2021

61 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | SEPARATE FINANCIAL STATEMENTS 2021 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Separate Financial Statements For the year ended March 31, 2021 (Expressed in Barbados dollars) 38 12. 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 $ 44,957,811 2,907,990 32,018,892 5,575,146 14,066,971 Additions/transfer (91,109) - 978,761 - 2,260,967 Disposal - - - - - Balance, end of year 44,866,702 2,907,990 32,997,653 5,575,146 16,327,938 Accumulated depreciation Balance, beginning of year 12,851,133 1,072,999 27,345,746 4,484,800 - Depreciation 1,500,504 353,493 2,028,281 531,128 - Balance, end of year 14,351,637 1,426,492 29,374,027 5,015,928 - Net book value, end of year $ 30,515,065 1,481,498 3,623,626 559,218 16,327,938 Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depr charged. BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Separate Financial Statements For the year ended March 31, 2021 (Expressed in Barbados dollars) 38 12. 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 T Cost Balance, beginning of year $ 44,957,811 2,907,990 32,018,892 5,575,146 14,066,971 99,526, Additions/transfer (91,109) - 978,761 - 2,260,967 3,148, Disposal - - - - - Balance, end of year 44,866,702 2,907,990 32,997,653 5,575,146 16,327,938 102,675 Accumulated depreciation Balance, beginning of year 12,851,133 1,072,999 27,345,746 4,484,800 - 45,754, Depreciation 1,500,504 353,493 2,028,281 531,128 - 4,413, Balance, end of year 14,351,637 1,426,492 29,374,027 5,015,928 - 50,168, Net book value, end of year $ 30,515,065 1,481,498 3,623,626 559,218 16,327,938 52,507, Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation ha charged. I ' - I I I I I otes to the eparate inancial tate ents or the year ended arch 31, 2021 ( xpresse in arbados dollars) 38 12. r erty a i e t roperty and equip ent is co prised of the follo ing: 2021 urniture ssets Land and otor and Leasehold being uildings ehicles quip ent I prove ents cquired st alance, beginning of year $ 44,957,811 2,907,990 32,018,892 5,575,146 14,066,971 dditions/transfer (91,109) - 978,761 - 2,260,967 Disposal - - - - - alance, end of year 44,866,702 2,907,990 32,997,653 5,575,146 16,327,938 cc late e reciati alance, beginning of year 12,851,133 1,072,999 27,345,746 4,484,800 - epreciation 1,500,504 353,493 2,028,281 531,128 - alance, end of year 14,351,637 1,426,492 29,374,027 5,015,928 - Net book val e, e f year $ 30,515,065 1,481,498 3,623,626 559,218 16,327,938 Assets being acquired represent purchas s of property and equipment which were not yet i operation and on which no depr charged. BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes t the Separate Financ l Statements For the year ended March 31, 2021 (Expressed in Barbados dollars) 38 12. Property and Equipment Property and equipment is comprised of the following: 2021 Fu niture Assets L d and Motor and Leasehold being Buildings V hicles Equipment Improvements Acquired Cost Balance, beginning of year $ 44,957,811 2, 07,9 32,018,892 5,575,146 14,066,971 99 Additions/tra fer (91,10 ) - 978,761 - 2,2 0,967 3, Disposal - - - - - Balance, end of year 44,866,702 2,907,990 32,997,653 5,575,146 16,327,938 102 Accumulat d depreciation Balance, beginning of year 12,851,133 1,072,999 27,3 5,746 4,484,800 - 45 Depreciation 1, 00,504 35 ,493 2,028,281 531,128 - 4 Balance, end of year 14,351,637 1, 26,492 29,374,027 5,015,928 - 50 Net book value, end of year $ 30,515,065 1, 81,498 3, 3,626 559,218 16,327,938 52 Assets being acquired represent purchases f property and equipment which were not yet in operation and on which no depreciati charged. BARBADOS PUBLIC WORKERS' CO-OPERATIVE CR DIT UNION LIMITED Notes to the Separate Financial Stat ments For the year ended March 31, 2021 (Expressed in Barbados dollars) 38 12. Property and Equipment Property and equipment is comprised of the following: 021 Furniture As ets Land and Motor and Leasehold being Buildings Vehicles Equipment Improv ments Acquired Cost Bal nce, begi ning of year $ 44,957,811 2,907,990 32,018, 92 5,575,146 14,066,971 99,5 Additions/transfer (91, 09) - 9 8,761 - 2, 60,967 3,1 Disposal - - - - - Balance, end of year 44,866,702 2,907,990 32,997,653 5,575,146 16,327,938 102,6 Accumulated depreciation Balance, beginning of year 12,851,133 1,072,999 27,345,746 4, 4,800 - 4 ,7 Depreciation 1,50 ,504 353,493 ,0 ,281 531, 28 - 4, Balance, end of year 14,351,637 1,426,492 29,374,027 5,015,928 - 50,1 Net book value, end of year $ 30,515,065 1,481,498 3,623,626 559,218 16,327,938 52,5 Assets being acquired represent purchases of roperty and equipment which were not yet in operation and on which no depreciation charged. BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes o the Separate Financial Sta ements For the year end d March 31, 2021 (Expressed in Barbados dollars) 38 12. Property and Equipment Property and equipment is comprised of the foll wing: 2021 Furniture A set Land and Motor and Leas hold being Build ngs Vehicles Equipment Improvements Acquired Cost Balance, b ginning of year $ 44,957,811 2,907,990 32,018, 92 5, 7 ,146 14,066,971 99,526 Additions/transfer (91, 09) - 978,761 - 2, 60,967 3,148 Dispo al - - - - - Balance, end of year 44,866,702 2,907,990 32,997,653 5, 7 ,146 16,327,938 102,675 Accumulated depreciation Balance, b ginning of year 12,851, 33 1,072,99 27,345,746 4, 84,800 - 45,754 Depreciation 1,500,504 35 ,493 2,028,281 531, 28 - 4, 13 Balance, end of year 14,351,637 1,426,492 29,374,027 5,015,928 - 50,168 Net book value, end of year $ 30,51 ,065 1,481,498 3,623,62 59,218 16,327,938 52,507 Assets being acquired represent purchases of property and equipment which were not ye in operation and on which no depreciation h charged. BAR ADOS PUBLIC WORKE S' CO-OPERATIVE C DIT UN ON L MITED Notes o he Separate Financi l Statemen s For the y ar nd d March 31, 202 Expressed in Barbados dollars) 38 12. Property and Equipme t Property and equipm nt is comprised of the following: 20 1 Furniture Asset Land and Motor and Leas hold being Buildings Vehicles Equipment Improvem nts Acquired Tota Cost Balance, b ginn of year $ 44,957,811 2,907,990 32,018,892 5,575,146 14,066,971 99,526,810 Additions/tran fer (91,10 ) - 978, 61 - 2,260,967 3,148,619 Dispo al - - - - - Balance, e d of year 44,866,702 2,907,990 32,997,653 5,575,146 1 ,327,938 102,675,4 Accumulated depreciation Balance, beginn g of year 12,851, 33 1,072,999 27,345,746 4,484, 00 - 45,7 ,678 Depreciation 1,500,5 4 35 ,493 2,0 8, 1 531,128 - 4,413,406 Balance, end of year 14,35 ,637 1,426,492 29,374,027 5,015,928 - 50,168,0 4 Net book value, end of year $ 30,515,065 ,481,498 3,623,626 559,218 6,3 7,938 52,507,345 Asset being acquired represent purchases of property and equipm nt which were not ye in operation a d which no depreciation has b charged. R DOS PUBLIC WORKE S' C -OPERATIV CR DI UNION LIM TED es to th S parate Financial Statemen s the year end d March 31, 2021 press d in Barbados dollar ) 38 Property and Equipment Property and equipm nt s comprised of the foll wing: 2021 Furniture Asset Land and Motor and Leasehold being Buildings Vehicle Equipment Improvements Acquired Total Cost Balance, beginning of year $ 44,957,811 2,907,990 32,018,892 5,575,146 14,066,971 9,526,810 Additions/transfe (91,109) - 978, 61 - 2,260,967 3,148,619 Dispo al - - - - Balance, end of year 44,866,702 2 907 990 32,997,653 5,575,146 1 327 938 102,675,4 9 Accumulated depreciation Balance, beginning of year 12,851,133 1,072,999 27,345, 46 4,484,800 - 45,7 4,678 Depreciation 1,500,504 353 493 2,0 8, 81 531,128 - 4,413, 06 Balance, end of year 14,351,637 1 426 492 29,37 ,027 5,015,928 - 50,168, 84 Net book value, end of year $ 30,515, 65 1,481,498 3,623,626 559,218 6,327,938 52, 07,345 Assets being acquir d represent pu chases of pro erty and equipm nt which ere not yet n opera ion a d n which n depreciation has bee charged. RBADOS PUBLIC WORKERS' CO-OPERATIVE CR DIT UN ON L MITED t the Separa e Financial Statemen s he yea ended March 31, 2021 essed in Ba bados doll rs) 38 Prope ty and Equipment Property and quipment is comprised of the ollowing: 2021 Furniture As ets Land and Mot r and Leasehold being Buildings Veh cles Equipment Im rovements Acquir d Total Cost Bal nce, begin i g of year $ 4 ,957,811 2,907,9 0 32 018 8 5 575 146 1 ,06 ,971 9 52 810 Ad itions/transfer (91, 09) - 978,761 - 2,260,967 3 148 619 Disposal - - - Bal nce, end of y ar 44,866,702 2,907,990 32, 97,653 5, 75,146 16,327,938 102,675,429 Accumulated depre iation Bal nce, beginning of year 12,851,133 1,072,9 9 7,345,746 , 84,800 - 45,754,678 Depreciation 1,50 ,504 353,493 2,028,281 531,128 - 4, 13,406 Balance, end of year 14,351,637 1,426,492 2 ,374,0 7 5,015,928 - 50,168,084 Net book value, end of y ar $ 30,515,065 1,481,498 3 623 626 5 9 218 16,327,938 52 50 345 Assets being acquir d represent purchases of property and equipment which were not y t i operation and on which o depreciation has been charged. ADOS PU LIC WORKERS' C - PERATIVE CREDIT UNIO LIMITED the Separate Financial St teme ts ear ended Ma ch 31, 2021 d in Ba bado ollars) 38 ope ty and Equipment operty and quipm nt is compr sed of the following: 2021 Furniture Assets Land and Motor and Le s hold b ing Buildings Vehicle Equipment Im rovements Acquired Total st ance, b ginning of year $ 44,957,811 2 90 9 0 32,018,89 5,575,146 4 066 971 99,526,810 ditions/ ransfer (91,10 ) - 978,761 - 2,260,967 3,148,6 9 po al - - - - ance, end of year 44,866,702 2 907 990 32,997,653 5, 75,146 6 327 938 102,675,429 cumulated depr ciation ance, beginning of year 12,851,133 1 072 999 7,345,746 4, 84,800 - 45,754,678 preciation 1,500,504 353 493 2,028,281 531,128 - 4,413,406 ance, end of year 14,351,637 1 42 492 29,374,0 7 5,015,928 - 50,168,0 4 t book value, end of year $ 30,515,065 1 481 498 3,623,626 559,218 16,327 93 52,507,345 sets being acqu red represent purchases of op rty and quipm nt which were not ye in op ation and n which o epreciation has been arged. BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Separate Financial Statements For the year ended March 31, 2021 (Expressed in Barbados dollars) 39 12. Property and Equipment, continued 2020 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired T Cost Balance, beginning of year $ 40,357,401 2,907,990 31,841,094 5,575,146 14,325,962 95,007 Impact of implementation of IFRS 16 3,856,808 - - - - 3,856 Adjusted balance April 1, 2020 44,214,209 2,907,990 31,841,094 5,575,146 14,325,962 98,864 Additions/transfer 743,602 - 368,280 - (258,991) 852 Disposals - - (190,482) - - (190 Balance, end of year 44,957,811 2,907,990 32,018,892 5,575,146 14,066,971 99,526 Accumulated depreciation Balance, beginning of year 10,722,666 705,213 25,250,992 3,604,028 - 40,282 Impact of implementation of IFRS 16 617,923 - - - - 617 Adjusted balance April 1, 2020 11,340,589 705,213 25,250,992 3,604,028 - 40,900 Depreciation 1,510,544 367,786 2,233,011 880,772 - 4,992 Disposals - - (138,257) - - (138 Balance, end of year 12,851,133 1,072,999 27,345,746 4,484,800 - 45,754 Net book value, end of year $ 32,106,678 1,834,991 4,673,146 1,090,346 14,066,971 53,772 Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation has been charged. BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to th Separate Financial Statements For the year e ded March 31, 021 (Expressed in Barbados dollars) 39 12. Property and Equipment, continued 2020 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Cost Balance, beginning of year $ 40,357,401 2,907,990 31,841,094 5,575,146 14,325,962 I act of implementation of IFRS 1 3,856,808 - - - - Adjusted balance April 1, 2020 44,214,209 2,907,990 31,841,094 5,575,146 14,325,962 Additions/transfer 743,602 - 368,280 - (258,991) Disposals - - (190,482) - - Balance, end of year 44,957,811 2,907,990 32,018,892 5,575,146 14,066,971 Accumulated depreciation Balance, beginning of year 10,722,666 705,213 25,250,992 3,604,028 - I act of implementation of IFRS 6 617,923 - - - - Adjusted balance April 1, 2020 11,340,589 705,213 25,250,992 3,604,028 - Depreciation 1,510,544 367,786 2,233,011 880,772 - Disposals - - (138,257) - - Balance, end of year 12,851,133 1,072,999 27,345,746 4,484,800 - Net book value, end of year $ 32,106,678 1,834,991 4,673,146 1,090,346 14,066,971 Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation has been charged. I d f Di I 2 3 0 1 Di p B N A a OS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Separate Financial St tements ended Ma ch 31, 2021 n Barbados dollars) 39 ty and Equipment, continued 2020 Furniture Assets Land and Motor and Leas hold being Buildings Vehicles Equipment Improvements Acquired Total e, beginning of year $ 40,357,401 2,907,990 31,841,094 5,575,146 14,325,962 95,007,593 of implementation of IFRS 16 3,856,808 - - - - 3,856,808 ed balance April 1, 2020 44,214,209 2,907,990 31,841,094 5,575,146 14,325,962 98, 64,401 ns/transfer 743,602 - 368,280 - (258,991) 852,891 als - - (190,482) - - (190,482) e, end of year 44,957,811 2,907,990 32,018,892 5,575,146 14,066,971 99,526,810 mulated depreciation e, beginning of year 10,722,666 705,213 25,250,992 3,604,028 - 40,282,899 of implementation of IFRS 16 617,923 - - - - 617,923 ed balance April 1, 2020 11,340,589 705,213 25,250,992 3,604,028 - 40,900,822 iation 1,510,544 367,786 2,233,011 880,772 - 4,992,113 als - - (138,257) - - (138,257) e, end of year 12,851,133 1,072,999 27,345,746 4,484,800 - 45,754,678 ok value, end of year $ 32,106,678 1,834,991 4,673,146 1,090,346 14,066,971 53,772,132 being acquired present purchases of property and equipment which were not yet in operation and on which reciation has been charged. BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Separ e F nancial Statements For the year ended March 31, 2021 (Expr ssed in Barbados dollars) 39 12. Property and Equipment, continued 2020 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Cost Balance, beginning of year $ 40 3 7 4 1 2,907,990 31,841,094 5,575,146 14,325,962 Impact of implementation of IFRS 16 3,856,808 - - - - justed balance April 1, 2020 44,214 2 9 2,907,990 31,841 094 5,575,146 14,325 62 Additions/transfer 743,602 368 2 0 (258,991) Disposals - - (190,482) - - Balance, end of year 44,957,811 2,907,990 32,018,892 5,575,146 14,066,971 Accumulated depreciation Balance, beginning of year 10,722 666 705,213 25,250,992 3,604,028 Impact of implementation of IFRS 16 617,923 - - - - Adjusted balance April 1, 2020 1 34 89 705 213 25 50 992 3,604 028 epreciation 1,510,544 367,786 2,233,011 880,772 Disposals - - (138,257) - - Balance, end of year 12,851,133 1,072,999 27,345,746 4,484,800 - Net book value, end of year $ 32,106,678 1,834,991 4,673,146 1,090,346 14,066,971 Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation has been charged. j d 43 Di 5 0 9 2 i OS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Separat Financial Statements ended March 31, 2021 n Barbados dollars) 39 ty and Equipment, continued 2020 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Total e, beginning of year $ 40,357,401 2,907,990 31,841,094 5,575,146 14,325,962 95,007 593 of implementation of IFRS 16 3,856,808 - - - - 3,856,808 d balance April 1, 2020 44,214,209 2,907,990 31,841,094 5,575,146 14,325,962 98,864,401 ns/transfer 743,602 368 280 - (258,991) 852 891 als - - (190,482) - - (190,482) e, end of year 44,957,811 2,907,990 32,018,892 5,575,146 14,066,971 99,526,810 ulated depreciation e, beginning of year 10,722,666 705,213 5,250,992 3,604,028 40,282 899 of implementation of IFRS 16 617,923 - - - - 617,923 d balance April 1, 2020 11,340,589 705,213 25,250,992 3,604,028 40, 00 822 iation 1,510,544 367,786 2,233,011 880,772 4,992 113 als - - (138,257) - - (138,257) e, end of year 12,851,133 1,072,999 27,345,746 4,484,800 - 5,754,678 ok value, end of year $ 32,106,678 1,834,991 4,673,146 1,090,346 14,066,971 53,772,132 b ing acquired represent purchases of property and equipment which were not yet in operation and on which reciation has been charged. BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Separate Financial Statements For the year ended March 31, 2021 (Expressed in Barbados dollars) 39 12. Property and Equipment, continued 2020 Furnitu e Ass ts Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Cost Balance, beginning of year $ 40 357 401 2,907,990 31,841,09 5,575,146 14,325,962 Impact of implementation of IFRS 16 3,856,808 - - - - justed balance April 1, 2020 44,214 209 2,907,990 31,841 09 5,575,146 14,325 962 Additions/transfer 743,602 368 2 0 (258,991) Disposals - - (190,482) - - Balance, end of year 44,957,811 2,907,990 32,018,892 5,575,146 14,066,971 Accu ulated depreciation Balance, beginning of year 10,722 666 705,213 25,250,992 3,604,028 - Impact of implementation of IFRS 16 617 923 - - - Adjusted balance April 1, 2020 1 34 89 705 213 25 50 992 3,604 028 epreciation 1,510,544 367,786 2,2 3 011 880,772 Disposals - - (138 257) - Balance, end of y ar 1 ,851,133 ,072, 9 27,345,7 4,484,800 - Net book value, end of year $ 32,106,678 1,834,991 ,673,146 1,090,346 4,066,971 Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation has been charged. BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNIO LIMITED Notes to the Separate Financ al Statements For the year ended March 31, 2021 (Expressed in Barbados dollars) 39 12. Property and Equipment, continued 2020 Furniture Assets Land and Mo or and Leasehold being Buildings Vehicles Equipment Improvements Acquired Cost Balance, beginning of year $ 40,357,401 2,907,990 31,841,094 5,575,146 14,325,962 95 Impact of implementation of IFRS 16 3,856,808 - - - - 3, Adjusted balance April 1, 2020 44,214,209 2,907,990 31 841,094 5,575,146 14,325,962 8 Additions/ ransfer 743,602 - 368,280 - ( 58,991) Disposals - - (190,482) - - ( Balance, end of year 44 957,811 2,907,990 32,018,892 5,575,146 14,066,971 99 Accumulated depreciation Balance, beginning of year 0,722,666 705,213 25,250,992 3,604,028 - 40 Impact of implementation of IFRS 16 617,923 - - - - Adjusted balance April 1, 2020 11,340,589 705,213 25 250,992 3,604,02 - 40, Depreciati n 1,510,544 367,786 2,233,011 880,772 - 4 Disposals - - (138,257) - - ( Balance, end of year 12,851,133 1 072,999 27 3 5,746 4 484,800 - 45 Net book value, end of year $ 32,106,678 1,834,991 4,673,146 1,090,346 14,066,971 53 Assets b ing acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation has been charged. BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNIO LIMITED Notes to the Separate Financ al Statements For the y ar ended March 31, 2021 (Express d in Barba s dollars) 39 12. Property and Equipment, continued 2020 F rniture A sets La and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Cost Balance, beginning of year $ 40 357,401 2 907,9 3 841,094 5 575,146 14 325,96 95 Impact of implementatio of IFRS 16 3 856,808 - - - - 3, Adjusted balance April 1, 2020 44 214,209 2 907,9 3 841,094 5 575,146 14 325,962 98 Additions/transfer 743,602 - 368,280 - (258,991) Disposals - - (190,482) - - ( Balance, end of year 44 957,811 2 907,9 0 32 018,892 5 575,146 14 066,971 99 Accumulated depreciation Balance, beginning of year 10 722,666 705,213 25 250,992 3 604,028 - 40 Impact of implementation of IFRS 16 617,923 - - - - Adjusted balance April 1, 20 0 11 340 589 705,213 25 250,992 3 604,028 4 , Depreciation 1 510,544 367,786 2 233,011 880,772 - 4 Disposals - - (138,257) - ( Balance, end of year 12 85 ,133 1 07 ,999 27 345,746 484,800 45 Net book valu , end of year $ 3 106 678 834 1 673 14 1 090 346 14 066,971 53 Assets being acquired represent purchases of p operty and equipment which were not yet in operation and on which no depreciation has been charged. BARBADOS PUBLIC WORKERS' CO-OPERATIVE CR D T UNION LIMITED Notes to the S parate Fin ncial Statements For the year ende March 31, 2021 (Expressed in Barbados dollars) 39 12. Property and Equipment, continued 2020 Furniture Assets Land and Motor and Leaseh ld being Buildings Vehicles Equipment Improvements Acquired Cost Balance, beginning of year $ 40,357,401 2,907,990 31,841,094 5, 75,146 14,325,962 95,0 Impact of implementation of IFRS 16 3,856,808 - - - - 3,8 Adjusted bal nce April 1, 20 0 44,214,209 2,907,990 31,841,094 5, 75,146 14,325,962 98,8 Additions/transfer 743,602 - 368,280 - (258,991) 8 Disposals - - (190,482) - - (1 Balance, end of year 44,957,811 2,907,990 32,018, 92 5,575, 46 14,06 ,971 99,5 Accumulated depreciation Balance, beginning of year 10,722,666 705,213 25,250,992 3,604,028 - 40,2 Impact of implementation of IFRS 16 617,923 - - - - 6 Adjusted bal nce April 1, 2020 11,340,589 705,213 25,250,992 3,604,028 - 40,9 Depreciation 1,510,544 367, 86 2,233,011 880,772 - 4,9 Disposals - - (138,257) - - (1 Balance, end of year 12,851,133 1,072,999 27,345,746 4,484,80 - 45,7 Net book value, end of year $ 32,106,678 1,834,991 4,673,146 1,090,346 14,06 ,971 53,7 Assets bein acquired rep esent purchas s of property and equipment which were not yet in operati n and on which no depreciation has been charged. BARBADOS PUBLIC WORKERS' CO-OPERATIVE CR DIT UNION LIMITED Notes to the Separate Financial Statements For the year ended March 31, 2021 (Expressed in Barbados dollars) 39 12. Property and Equipment, continued 20 Furniture Assets Land and Motor and Lea hold being Buildings Vehicles Equipment Improvements Acquired Cost Bal nce, beginning of year $ 40,357,401 2,907,990 31,841,094 5, 75,146 14,325,962 95,0 Impact of implementation of IFRS 16 3,856,808 - - - - 3,8 Adjusted balance April 1, 2020 44,214,209 2,907,990 31,841,094 5, 75,146 14,325,962 98,8 Additions/transfer 43,602 - 368,280 - (258,991) 8 Disposals - - (190 482) - - (1 Balance, end of year 44,957,811 2,907,990 32,018,892 5, 75,146 14,06 ,971 99,5 Accumulated depreciation Balance, beginning of yea 10,72 , 6 705,213 25,250,9 2 3,604,028 - 40, Impact of implementation of IFRS 16 617,923 - - - - 6 Adjusted b lance April 1, 2020 11,340,589 705,213 25,250,992 3,604,028 - 40,9 Depreciation 1,510,544 367,786 2,233,011 880,772 - 4,9 Disposals - - (138 257) - - (1 Balance, end of year 12,851,133 1,072, 99 27,345 746 4, 84,800 - 45,7 Net book value, end of year $ 3 ,106,678 ,834, 1 4,673,1 1,090,346 14,06 ,971 53, Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation has been charged. BARBADOS PUBLIC WORKERS' CO-OPERATIVE CR DIT UNION LIMITED Notes to the Separate Fina cial Statements For the y ar ended March 31, 2021 (Expressed in Barbados dollars) 39 12. Property and Equipment, continued 2020 Furniture Assets Land and Motor and Lea hold being Buildings Vehicles Equipment Improv ments Acquir d Cost Balance, beginning of year $ 40 357 4 1 2,907,990 31,841,094 5, 75,146 14,325,962 95 0 Impact of impl mentation of IFRS 16 3 856 808 - - - - 3 8 A justed balance April 1, 2020 44,214 9 2,907,990 31, 41 94 5, 75,146 14,325, 62 98, Additions/transfer 743 602 - 368 80 (258 91) Disposals - - (190 4 2) - (1 Balance, end of year 44,957,811 2,907,990 32,018,892 5,575,146 14,066,971 99,5 Accumulated depreciation Balance, beginning of year 10,722 666 705,213 25,250,992 3,604,028 - 40,2 Impact of impl mentation of IFRS 16 17 923 - - - - 6 Adjusted balance April 1, 2 20 1 34 89 05 213 25 50,992 3,604 028 - 40 Depreciation 51 544 367,786 2 33,011 880 772 - 4 Disposals - - (1 8 257) - - (1 Balance, end of year 12,851,133 1,072,999 27,345,746 4,484,800 - 45,7 Net book value, end of year $ 32,106,678 1,834,991 4,673,146 1,090,346 14,066,971 53,7 Assets being acquired rep sent purchases of property and equipm nt which were not yet in operati n and on which no depreciation has been charged. ARBADOS PUBL C ORKER CO P RATIVE CR D T UNION L I ED s the Sep ate Fi S a F the year de M rch 1 (E pre s d in Bar a o d llar 1 . Pr perty an Equipmen , conti 02 ur e L a Mo or and L l ing ildi gs Vehi l i ent m r v ent ed Cost Balance, eginn ng f ye r 0 3 7 4 1 , 6 5 0 Impact of mplem ion o I S 16 3 8 6 8 8 - - - 3 8 juste l nce pr l 1 20 14 9 , , 6 , A d t ons an fe 743 6 2 - 368 2 0 258 91) Disposals - 190 4 2 - 1 B l e 1 7 , 6 Ac umulated epr i t n Balance, beginning of year 22 66 - Impact of mplem on I S 16 617 923 - - - 6 A justed bal nce pr l 1 0 34 89 705 213 5 50 92 4 8 - e recia i n 1 44 367 786 2 33 011 880 772 - 4 isposa s - 1 8 257) - 1 B l e 3 - N bo v e e d of ar 10 9 , 6 A sets bei g acq red rep esen purch s f ope ty d equi e c w re not yet i o ati n d o c no depr c ation h s ee char . D UB I WO KE - P R I E R D U IO D No o h S parate F nancia S r he y de M ch E p s r a o 12 Pr erty quipmen , c nt 02 F r e L M or an e ol b ng di g V le t m r Cost B e, e inn f y r 0 3 7 4 1 7 ,1 5 0 I p t of plem a i F S 16 - A jus e l nc pr l 1 214 2 9 7 ,1 6 3 Add t o s 2 5 ) Disposals - 90,482 - 1 B lance, e o 9 81 57 , Accumul ed preci tion B e, e inn f y r 722 666 - I p t of plem a i F S 16 23 - - 6 A ju ted l nce pr l 1 34 89 705 213 5 9 4 8 e r 51 5 4 1 9 Disposals - 38,257 - 1 Bal n e, nd f ar 1 ,851,133 ,072, 9 7, 45,7 4,484,800 - 45, et bo v e, end of year 3 10 678 8 9 3,146 09 ,3 0 As ets b ing acqui ed e r d h ch we at h h ep a i BARBADOS PUBLIC WORKERS' CO-OPERA IVE CREDIT UNION LIMITED Notes to the Separat Financial Statements For the year end d March 31, 2021 (Expressed in Barbados dollars) 39 12. Property and Equipment, continued 2020 Furniture ssets Land and Motor and Leas hold being Build ngs Vehicles Equipment Improvements Acquired Cost Balanc , b gi ning of year $ 40,357,401 2,907,990 31,841,094 5,57 ,146 14, 25,962 95,007 Imp ct of implementation of IFRS 16 3,856,808 - - - - 3,856 Adjusted b lance April 1, 2020 44,214,209 2,907,990 31,841,094 5,575,146 14,325,962 98,864 Additions/transfer 743,602 - 368,280 - (258,991) 852 Disposals - - (190,482) - - (190 Balance, end of year 44,957,811 2,907,990 32,018, 92 5, 7 ,146 14,066,971 99,526 Accumulated depreciation Balanc , b gi ning of year 10,722,666 705,213 25,25 ,992 3,604,028 - 40,282 Imp ct of implementation of IFRS 16 617,923 - - - - 617 Adju ted b la ce April 1, 2020 11,340,589 705,213 25,250,992 3,604,028 - 40,900 Depreciat on 1,510,544 367, 86 2,233,011 880,772 - 4,992 Dispos ls - - (138,257) - - (138 Balance, end of year 12,851, 33 1,072,999 27,345,746 4, 84,800 - 45,754 Net book value, end of year $ 32,106,678 1,834,991 4,673,146 1,090,346 14,066,971 53,772 Assets being acquired r present pu ch ses of proper y and equipment which wer not yet in opera ion and on which no depreciation has been charged. BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION IMITED Notes to the Separate Financial Statements For the year ended March 31, 2021 (Expressed in Barbados do lars) 12. Property and Equipment, continued 202 Furniture A sets Land and M tor a d L asehold being Buildings Vehicles Equipme t Improvements Acquired o t Balance, b gi ning of year $ 40,357,401 2,907,990 31,841,094 5, 7 ,146 14,325,962 95,007 Impact of implementation of IFRS 16 3,856,808 - - - - 3,856 Adjusted balance April 1, 2020 44,214,209 2,907,990 31,841,094 5,57 ,146 14,325,962 98,864 Additions/transfer 743,602 - 368,280 - (258,991) 52 Disposals - - ( 90 482) - - (190 Balance, end of year 44,957,811 2,907,990 32,018,892 5,57 ,146 14,066,971 99,526 Accumulated depreciation Balance, b ginning of year 10,722,6 705,213 25,250,992 3,604,0 8 - 40,2 Impa t of implementation of IFRS 16 617,923 - - - - 617 Adjusted balance April 1, 2020 11,340 589 705,213 25,250,992 3,604,0 8 40,900 Depreciation 1,510,544 367,786 2,233, 11 880,772 - 4,992 Disposals - - (138 257) - (138 Balance, end f year 12,851, 33 1,072,99 27,345 746 4,48 ,8 0 45,754 Net book value, end f year $ 3 ,106,678 ,834, 1 4,673,1 1,090,346 14,066,971 53, 72 Ass ts being acq ired represent purchases of property and equipment which were not yet in opera ion and on which no depreciation has been charged. BAR ADOS PUBLIC W RKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Separate Financial Sta ements For the year ended March 31, 202 (Expressed in Barbados dollars) 39 12. Property and Equipment, continued 20 Furniture Assets Land and Motor and Leas hold being Build ngs Vehicles Equipment Improvements Acquired T Cost Bal nce, beginning of year $ 40,3 4 1 2,907,990 31,841,094 5,57 146 14,325,962 95,007 Impact of implementatio of IFRS 16 3,8 6,8 8 - - - - 3,856 Adjusted balance Ap il 1, 20 44,214 2 9 2,907,990 31,841 094 5,57 146 14,325 962 98, 64 Addition /transfer 743,6 2 368,280 - (258,991) 52 Disposals (190 4 ) - (190 Balance, end of year 44,95 811 2,907,990 32,018,892 5, 75 146 14,066,971 99,526 Accumulated d preciation Bal nce, beginning of year 10,722 666 705,213 25,250,992 3,604,028 40,282 Imp ct of implementation of IFRS 16 617,923 - - - 617 Adjusted bala ce April , 20 1 ,34 89 705 213 25,250,992 3,604 028 40 00 Depreciation ,51 44 36 786 2, 33,011 880,772 4 92 Disposals - - (1 8,257) (138 Balance, end of year 12,851 33 1,072,99 27,345,746 4, 8 ,800 - 45,754 Net book value, nd of year $ 32,106 78 1,834,991 4,673,146 1,090 346 14,066,971 53,772 Assets being acquired repr sent purchases of property and equipment wh ch wer not yet in opera ion and on which no depreciatio h s been charged. BARBADO PUBLI O KE S O- PERAT VE REDI UNION L o s th Separat F nancial ta eme For t year ended Mar (Expres e i B rb d s dol ar 12 Pro rt an Equi e , con i ued 02 ur tur et an Mo o d as ol ing uil i gs eh e E m Impr v ent A red C st Ba , beg ni g of e r $ 0 3 7 4 1 ,90 990 ,84 094 , , 6 ,32 96 5 007 Impact i plemen t f IF 16 3 8 6 8 8 - 3 856 balan e Ap 1, 2 , 14 9 ,90 990 ,84 09 , , 6 ,32 6 , A ditio /t an fe 743 6 2 368 2 0 (258 91) 52 Dispo als (190,4 2) (190 a a d 4, , ,90 99 2,01 9 , , 4,06 97 9, Ac mulate ep ec o Ba , beg nning of ar , 22 66 70 213 ,25 992 , 8 82 Impact i plemen t f IF 16 617 923 617 Ad ed bala ce Ap , 2 34 89 705 213 5 99 , 4 8 0 D e ati 51 44 367 786 2 33 011 880 772 4 92 Dis s s - (1 257) (138 a a d 2, , ,07 99 7,34 74 , b k alue, d f $ 2, , ,83 99 ,67 14 , , 4,06 97 Ass ts ei g a qu ed r pre ha es o prope u pment h c er t y i ope o n n depr ciatio h been rged. BADO P B I WO KE S' OP A V E D No o he S par t F nancia atemen F h ear ded Mar h 31 021 (E s in Ba b dos a 12. Pr t a d qu e , co d 02 ur t e s an Mo r ol ng s e E Im A ed T C st ala begi ni g o $ 0 3 7 4 1 , , , ,9 5 007 Im c i m i f F 16 , A j bala e Ap 0 14 9 ,99 , 3 6 A i i t f 2 ( 9 ) 8 D posal ( 90,482) (190 Ba e nd ar 4 , , 2 , , 4 , 9 Acc mul ted reci Bala begi ni g o 22 66 , , 82 Im c i m i f F 16 6 ,9 6 Ad u ed bala e Ap , 20 34 89 705 213 5 99 4 8 0 pr , 78 2 1 99 posal (138,257) (138 a end e r 12,851,133 ,072, 7,345,7 4,48 ,800 45, 54 bo k v lue, en f year $ 32, 0 , 78 ,8 4,991 , 90, 4 , Ass ts ei g a red r present cha es prope ui ment w er t y ope o n i be BARBADOS PUBLIC WORKERS' CO-OPERATIVE C DIT UN ON L MITED Notes to he Separate Financi l Statements For the year nd d March 31, 2021 Expressed in Barbados dollars) 39 12. Property and Equipment, cont nued 2020 Furniture Assets Land an Motor and Leas hold being Buildings Vehicles Equi ment Improvements Acquired Tota Cost Balance, b ginnin of year $ 40,357, 01 2,907,990 31,841,094 5,575,146 14,325,962 95,007,593 Impact of implementation of IFRS 16 3,856,808 - - - - 3,856,808 Adjuste balance Ap il 1, 2020 44,214,209 2,907,990 31,841,094 5,575,146 14,325,962 98,864,401 Addition /transfe 743,602 - 368,280 - (258,991) 852,891 Dispo als - - (190,482) - - (190,482 Balance, end of year 44,957,811 2,907,990 32,018,892 5,575,146 14,066,971 99,526,810 Accumulated depreciation Balance, b ginnin of year 10,722,666 705,213 25,250,992 3,604,028 - 40,282,899 Impact of implementation of IFRS 16 617,923 - - - - 617,923 Adjuste b lance April 1, 2020 11,340,589 705,21 25,250,992 3,604,028 - 40,900,822 Depreciation 1,510,544 367,786 2,233,011 880,772 - 4,992,113 Dispo als - - (138, 57) - - (138,2 7 Balance, end of year 12,851,133 1,072,999 27,3 5,7 6 4,484,800 - 45,754,678 Net book value, end of year $ 32,106,678 1,834,991 4,673,146 1,090,346 14,066,971 53,772,1 Assets being acqu red present purchases of property and equipment which were no yet in operation a d n which no depreciation has been charged. BARBADOS PUBLIC WORKE S' CO- PERATIVE C EDIT UN ON L M TED Notes o he S parate Financi l Statements For the year nd d March 31, 2021 Express d in Barbados dollars) 39 12. Property and Equipment, continued 2020 Furniture Asset Land d Moto and Leas hold being Buildings Vehicles Equipme t Improvements Acquired Tota Cost Balance, b ginnin of year $ 40,357, 1 2,907,990 31,841,094 5,575,146 14,325,962 95,007, 93 Impact of implementat on IFRS 16 3,856,808 - - - - 3,856,808 Adjuste balance April 1, 2020 44,214,209 2,907,990 31,841,094 5,575,146 14,325,962 98,864,401 Additions/transfer 743,602 - 368,280 - (258,991) 852,891 Disposals - - (190 482) - - (190 2 Balance, end of year 44,957,811 2,907,990 32,018,892 5,575,146 14,066,971 99,526,810 Accum lated depreciation Balance, beginning of year 10,722,666 705,213 25, 0,992 3,604, 28 - 40,282,899 Impact of implementat on IFRS 16 617,923 - - - - 617,923 Adjuste balance April 1, 2020 11,340,589 705,213 25, 0,992 3,604, 28 40,9 0,8 2 Depr ciation 1,510,544 367,786 2,233,011 880,772 - 4,992,113 Disposals - - (138 57) - (138 257 Balance, end of year 12,851, 33 1,072,999 27,345 746 4,484, 00 45,754 678 Net book value, end of year $ 3 ,106,678 ,834, 1 4,673,1 1,090,346 14,066,9 1 53, 72,132 Assets being acquired represent purchases of property and equipment which were not yet in operation a d on which no depr ciation has been charged. BAR ADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to he S par te Fin nci l Stateme s For the year nded M rch 31, 202 Expressed in Barbados d llars) 39 12. Property and Equipment, continued 2020 Furniture Assets Land a d Moto and Leas hold being Buildings Vehicles Equipment Improvements Acquired Tota Cost Balance, beginnin of year $ 40,3 7,4 1 2,907,990 31,841,094 5,575,146 14,325,962 95,007 93 Impact of implementation IFRS 16 3,8 6 8 8 - - - - 3,856 808 justed balance April 1, 2020 44,214,2 9 2,907,990 31,841 094 5,575,146 14,325, 62 98, 64 40 A ditions/transfer 743 6 2 368,280 (258, 91) 52 9 Disposals - (190 4 2) - (190 482 Balance, e d of year 44,957,811 2,907,990 32,018,892 5,575,146 14,066,971 99,526,810 Accumu ated depreciation Balance, beginnin of year 10,722,666 705,213 25,250,992 3,604,028 40,282 899 Impact of implementation IFRS 16 617 923 - - - 617 923 Adjusted balance April 1, 2020 1 ,34 , 89 705,213 25, 50 992 3,604 028 40, 00 82 Depreciation ,510, 44 367,786 2, 33,011 880,772 4, 92 113 Dispo als - - (1 8 57) - (138 257 Balance, e d of year 12,85 ,133 1,072,999 27,345, 6 4,484,800 - 45,75 ,6 8 Net book valu , end of year $ 32,106,678 1,834,991 4,673,146 1,090,346 14,066,9 1 53,772,13 Assets being acquired pr sent purchases of property and equipment which were not yet in operation a d on which no depreciation has been charged. B DOS B IC W K ' C -O ERA I R U IO LIM T o t p ra e Fi nci Statem s t yea nded March 31, 2 p e n Ba bados ll rs 2 Pr e y and qu p ent, cont nued 202 F ur A e L d n M o and L hol eing B l Vehi e qu pm t Im rov ments Acqu red T Co B e, beg nnin of ye 40 3 7 4 1 2, 07, , , , 14, 25, 5 007 93 Im act f im leme t on I RS 6 3 8 6 8 8 3 856 808 j ste b e Ap i 1, 2 , 1 9 2, 07, , , 5, 14, 25 , ditio /tr nsf 743 6 2 368 2 0 258 91) 52 89 D o al 190 4 2 - 190 482 e, n e , , 2, 07, 9 , , , 14, 66, 7 , ccum l ted depre iati n B nc , b g nnin of ye , 22 66 05, , , , 82 99 Im act f im lement on I RS 16 617 923 617 923 A te b e Apr 1, 2 34 89 705 213 5 992 , 4 8 0 2 epreciat on 51 44 367 786 2 33 011 880 772 4 92 113 i l 1 8 257) 138 257 e, n e , , 1, 7 , 9 , , , et b k v lue end f ea 32, , 1, 34, , , , 14, 66, , A t being acqu red epresent pu ch s s ope ty an equ pment w ch w e not et i oper ti d on w i no depr ciat on has bee har d. B R D BLI WO E ' O PERA I N O L E N o he Se ra e Financial Stat m nt h nded M ch 31, 0 re in arba l 2 P an Equip e t, inu 202 F n A e s L M L ol ng B V hi m ov m cqu T Co B , egi ing of y $ 40,3 7 4 1 2, 07, , , , , 5,007 593 I c f m e n f I RS , , j t d b Ap 1, , 14 9 2, 07, , , 6 ,3 , A di / r ns 2 8 D posal 90,482 190,482 B e y a , 2, 07, , , , , , A mul ted de reci i B , egi ing of y , 22 66 5, , , , 82 99 I c f m e n f I RS 6 9 6 9 A ju t b A 1, ,34 89 705,213 , 5 9 , 4 8 , 0 2 D r o , , ,2 1 , ,99 1 posal 38,257 138,257 , d ar 12,851,133 1,072, 9 7,345, 4,484,800 45, 54,678 Ne book v l end of yea $ 32, 78 1,834,9 , 7 1, 90,346 14,066, 71 , A b ng a qu red epr ent urc a p y an eq m wh h w e no e i n d on w d r iat b d RBADOS PUBLIC WORKERS' CO- PERATIV CR DI UNION LIM TED es o the S p rate Fi a cial Statements the year ended March 31, 2021 press d in Barbados dollar ) 39 Property and Equipment, continued 2020 Furniture Assets Land and Motor and Leasehold being Buildings Vehicle Equipment Improvements Acquired Total Cost Balance, beg n ing of y ar $ 40,357,4 1 2 907 990 31,841,094 5,575,146 14 325 962 95,007, 93 Impact of implementation of IFRS 16 3,856,808 - - - - 3,856,808 Adjust d balance April 1, 2020 44,214,209 2 07 990 31,841,094 5,575,146 14 325 962 8,864,40 Additions/transfer 743,602 368,280 - (258,991) 852,891 Disposals - - (190,482) - - (190,482) Balance, end of year 44,957,811 2 907 990 32,018,892 5,575,146 14 066 971 99,526,810 Accumulated depreciation Balance, beg n ing of y ar 10,722,666 705 213 25, 0,992 3,604, 28 40,282,899 Impact of implementation of IFRS 16 17,92 - - - 617,923 Adjusted balance April 1, 2020 1,340,589 705 213 25,250,992 3,604,028 40,900,822 Depreciation 1,5 0,544 367 786 2,233,011 88 ,772 4,992,113 Disposals - - (138,257) - (138,257) Balance, end of ye r 12,851,133 1,072,999 27,345,74 4,484, 00 - 45,7 4,678 Net book valu , end of year $ 32,106,678 1 34,991 4,673,1 6 1,090,346 14,066,971 53,772,1 2 Assets being acquired rep e ent pu chas s of pro erty and equipm nt which were not ye n op ra ion a d n which no depreciation has been c rged. R DOS PUBLIC WORKERS' C -OPERATIV CR DI UNION LIM TED es to th S parate Financial Statements the year e ded March 31, 2021 press d in Barbados ollar ) 39 Property and Equipment, continued 2020 Furniture Asset Land and Motor and Leasehold being Buildi gs Vehicles Equipment Improvements Acquired Total Cost Balance, beginning of year $ 40,357, 1 2 90 990 31,841,094 5,575,146 14 32 962 5,007,593 Impact of impl m ntatio of IFRS 16 3,856,8 8 - - - - 3,856,808 Adjusted balance April 1, 2020 44,214,209 2,907,990 31,841,094 5,575,146 14 32 962 98,864,401 Additions/tran f r 743,602 - 368,280 - (258 991) 852,891 Disposals - - (190,4 2) - - (190 82) Balance, end of year 44,957,811 2 90 990 32,018,892 5,575,146 14 066 971 9,526,810 Accum lated depreciation Balanc , beginning of yea 10,722,666 705 213 5, 0,99 3,604, 28 - 40,282, 99 Impa t of impl mentatio of IFRS 16 17,923 - - - 617,923 Adjusted balance A ril 1, 2020 1,340,589 705,21 25,2 0,99 3,604, 28 40,9 0,8 2 Deprecia ion 1,510,544 367 786 2, 33,011 880,772 - 4,992,113 Disposals - (138 257) - (138 257) Balance, end f year 12,851, 33 1 072 999 27,345,746 4,484, 00 45,754 678 Net book value, nd of year $ 3 ,106,678 ,834, 1 4,673,1 1,090,346 14 66 971 53, 72,132 Assets being acquir d repr s nt pu chases of property and equipm nt which were not yet in operation and on which no depreciation h s been ch rged. R ADOS PUBLIC WORKERS' CO-OPERATIVE CREDI UNION LIMITED es to th S parat Financ al S atements th year ended March 31, 2021 pressed in Barb dos doll r ) 39 Property and Equipment, continued 2020 Furniture Assets Land and Motor a d Leasehold being Buil i gs Vehicles Equipment Improvements Acquired Total Cost Bala ce, beginning of year $ 40 3 7 4 1 2,907,990 31,841,094 5,575,146 14 325 962 95,007 593 Impact of impleme t tio of IFRS 16 3 856 8 8 - - - - 3,856 808 djusted bala ce April 1, 2020 44,214 2 9 2, 07,990 31,841 094 5,575,146 14,325 6 8, 64 40 A dit ons/transfer 743 6 2 368,280 (258 91) 52,89 Disposals - (190 4 2) (190,482) Balance, end of year 44,957,811 2,907,990 32,018,892 5,575,146 14,066 971 99,526,810 Accum lated depreciation Bala c , beginning of y ar 10,722 66 705 213 25,2 0,992 3,604, 28 40,282 899 Impact of impleme t tio of IFRS 16 17 923 - - - 617 923 Adjusted balance April 1, 2020 34 89 705 21 25, 50 99 3,604 02 40 00 822 Deprecia ion 51 44 367 786 2, 33,01 880 772 4, 92 113 Disposals - (1 8,257) - (138 257) Balance, end of year 12,851, 33 1,072,999 27,345,746 4,484, 00 - 45,7 4,678 Net book value, end of year $ 32,106,678 1, 34,991 4,673,1 6 1,090,346 14,066 971 53,772,1 2 Assets being acquired rep e nt purchas s of pro erty and equipm nt which were not ye in op ra ion and which no depreciation has been harg d. DO P IC R ' - PER E CR D U ION L M the S pa ate F nanc al S at ye r ende March 31, 20 1 pressed in arbados ll r ) Pro rt a d Equipment, co tinue 02 n ur As e d Mo d L ehold b ing Bui di hic es qu t r v ents A ed Co t Ba n begin ing f y a $ 0 3 7 4 1 9 , , 4 1 32 5 007 593 I t pl m ti of IFRS 16 3 8 6 8 8 3 856 808 us b a e Apri 1, 14 9 , , 1 32 8, dit o ransfer 743 6 2 368 2 0 258 91) 52 89 Di o al (190 4 2 (190 482) a e y , 9 , , 1 06 , Ac m la ed de reci n Ba n beginning f y a 0 22 66 70 , , 2 , 82 99 I t of i pl m ti of IFRS 16 17 923 617 923 Ad usted ba a e Apri 1, 34 89 705 213 99 , 4 8 2 Dep cia ion 51 44 367 786 2 33 011 880 772 4 92 113 Dispo l (1 8 257) (138 257 a e y , 0 , , N boo al , of y ar $ , , , 1 06 , As e s i quired r nt pu chas of r d whic w n op a i a n w ich n p ecia ion as bee har d. D IC WO KE ' C - IO L o th S p r te F nc l St te h ended a ch 31, 1 d Bar a os la ) P rt d Equipme t, n nue 02 Fu n re sse L M old b ng ic es e s Co a n begin ing of year $ 0 3 7 4 1 9 6 1 2 5 007 593 I t ple ent ion of IFR 16 3 8 j b a e A ri 1, 14 9 6 1 3 A it rans e 2 8 Di po al ( 90,482 190,482 B e o y r , 1 , 6 1 , , Accum lated depreci n B n begin ing of year 0 22 66 70 82 99 I t ple ent ion of IFR 6 1 9 6 9 A usted ba a e A ri 1, 34 89 705 213 5 50 992 4 8 0 2 Dep ci on 36 2 1 8 99 1 Di po al ( 38, 57 (138,25 e y r 1 ,851, 33 ,072, 9 7,345,7 4,484,80 45, 54,678 N oo a u , of y $ 3 , 7 8 9 3 9 6 1 , 1 As ing qu red rep e n c rop whic w r e op n n w ic ec ha RBADOS PUBLIC WORKERS' CO-OPERATIVE CR DIT UN O LIM TED to e Separa e Financi l Statements he year end d March 31, 2021 essed in Ba bados dollars) 39 Prope ty and Equipmen , continued 2020 Furniture Ass ts Land and Motor and Leasehold being Buildings Veh cles Equipment Im rovements Acquired Total Cost Balance, beginning of year $ 40,357,401 2,907,9 0 31,841,0 4 5,575,146 1 ,325,962 5,007 5 Impact of implementation of IFRS 16 3,856,808 - - - - 3,856,808 Adjusted balance April 1, 2020 4 ,21 ,209 2,907,9 0 31,841,094 5,575,146 14,325,962 8,864 40 Additions/transfer 743,602 - 368,280 - (258,9 1) 852 891 Disposals - - (190,482) - - (190,482) Balance, end of year 44,957,811 2,907,9 0 32,018 8 5,575 146 1 ,06 ,971 9,52 810 Accu ulated depre iati n Balance, beginning of year 10,722,666 705, 13 5,250,992 3,604,028 - 40,282,899 Impact of implementation of IFRS 6 617,923 - - - - 617,923 Adjust d balan April 1, 2020 1 ,34 ,589 705,213 25,250,992 3,604 028 - 40,900,822 Depreciation 1,510,544 367,786 2,233 011 8 0,7 2 - 4,992,113 Disposals - - (1 8,25 ) - - (138,257) Balance, end of year 12,851,133 1,072,9 9 7,345,746 4, 84,800 - 45, 54,678 Net book valu , e d of year $ 32,106,678 1,834,99 4,673,146 1,090,346 1 ,066,971 53, 2 132 Assets being acquir d repr sent purchases of p operty and equipment which were ot yet in operation and on which no depreciation has been c rg d. RBADOS PUBLIC WORKERS' CO-OPERATIVE CR DIT UNIO LIM TED to the Separa e Financial Statements he year ended March 31, 2021 ss d in Barbados dollars) 39 Prope ty and Equipmen , continued 2020 Furniture As ets Land and Mot r and Leasehold being Buildings Veh cles Equipment Improvem nts Acquired Total Cost Balance, beginni g of year $ 40,357,401 2,907,9 0 31 841 0 4 5 575 146 ,325,962 95 0 7 5 3 Impact of implementation of IFRS 16 3,856,808 - - - - 3,856 808 Adjusted balance April 1, 2020 44,214,209 2,907,9 0 31 841 0 4 5 575 146 1 ,325,962 98,864,401 Additions/transfer 743,60 - 368 280 - (258,991) 852 8 Disposals - - (190 482) - - (190 82) Balance, end of year 4 ,957,811 2,907,9 0 32,018,892 5 575,146 ,06 ,971 99,526,810 Accumulated depre iation Balance, beginni g of year 10,72 ,666 705, 13 25,250 992 3 604 028 - 40,282,899 Impact of implementation of IFRS 16 617,923 - - - - 617,923 Adjust d balance April 1, 2020 11,340 589 705,213 25,250 992 3 604 028 40,900,8 2 Depreciation ,51 ,544 367,786 2,233 011 880 772 - ,992,113 Disposals - - ( 38 257) - - (138 257) Balance, end of year 12,851,133 1,072,9 9 7,345 746 4 84,800 45,754 678 N t book value, nd of y ar $ 3 ,106,678 ,834, 1 4,673,1 1,090,346 14,06 ,971 53, 72,132 Assets being acquir d repr sent purchases of property and equipment which were not yet in operation and on which no depreciation has b en harged. R ADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNIO LIM TED to the Separate Fin nci l Statements e yea ded Mar h 31, 2021 essed in Barbad s doll rs) 39 Property and Equipmen , continued 2020 Fu niture Assets Lan and Mot r and Leasehold being Buil ings Veh cles Equipment I provements Acquir d Total Cost Balance, beginni g of year $ ,3 7 4 1 2,907,99 31 841 0 4 5 575 146 14,325,96 95 007 593 Impact of impleme tatio of IFRS 16 3,8 6,808 - - - - 3,856 808 A justed balance April 1, 2020 44,214 2 9 2,907,99 31 841 0 4 5 575 146 14,325 962 98 64 40 Additions/transfer 743 6 - 368 28 (258 991) 2 8 Disposals - (190 4 2) - (190 482 Bal nce, end of year 44,957,811 2,907,990 3 018 8 5 575 146 14,06 ,971 99 52 810 Accumulated depre iation Balance, beginni g of year 10,722 6 6 705, 13 25,250 992 3 604 028 40,282 899 Impact of impleme tatio of IFRS 16 617,923 - - - - 617 923 Adjusted bal nc April 1, 2020 11,34 589 705 213 25, 50 992 3 604 028 40, 00 822 Depreciation 1,51 54 367 786 2, 33 0 1 880 772 4, 92 11 isposals - - (1 8 257) - (138 257) Bal nce, end of year 2,851,133 1,072,999 27 345 746 4 484 800 - 45,754,678 Net bo k value, end of y ar $ 32,106,678 1,834,99 673 146 1 090 3 14,06 ,971 5 7 2 132 Assets b ing acquired represent purchases of p operty and equipment which were not yet in operati and on which no depreciation has been harged. P IC R E S' O O R IVE ED T IO L ITE t e S a e inancial t ents h ye end d ar h 31, 2021 ssed Bar dos do lars) Prope ty a d E uip e , conti 02 u ni ur s t L M or d ease ol ing u l in V h cle qui n pro nts c ed o Co Ba ance ginni g of year $ 0 3 7 4 1 2,90 9 0 31, 0 5, 146 1 ,3 9 2 5 0 7 5 3 I pact of implementation of IFRS 16 3 8 6 8 8 3 856 808 j balanc April 1, 2020 4 , 14 2 9 2,90 9 0 31, 0 5, 146 1 ,3 98, 4 d tion / ransfer 743 6 2 - 368 2 0 258 91) 852 89 Dispo al 190 4 2) 190 482) anc , d of y 4 , 8 1 2,90 9 32, 8 5, 146 1 ,0 9 9, 8 Ac lat pre i i n B ance ginni g of year 10, 22 666 5, 9 3, 0 40, 82 899 I pact of implementation of IFRS 16 617 923 617 923 A jus balan Apr l 1, 2020 1 34 89 705 213 25 50 992 3,6 4 0 8 40 0 82 e reciati 51 44 367 786 2 3 011 880 7 2 4 92 113 i pos 138 257) 138 257) anc , d of y 2, 1 3 1,07 9 27, 7 , 8 45, 6 Ne u en 32, 6 8 1,83 9 , 1 1, 346 1 ,0 9 5 , 1 A et in acquired repr s t urchases of p operty an e ip whi h wer ot yet in perati n a on whi h n d preciatio h s been h rg O U LI O E ' C O L T o t Sep ra e nc l a e ents ye en d ar h , 021 e sed Bar ados d ll s Pr ty d E ui me , conti u 02 Furn e s et M or d ase old ng i V le ui en o s c d o Co an nni g of year 3 7 4 1 ,9 31 84 0 5 1 1 3 ,9 95 007 593 I p c f m l entati f IFRS 16 3, 6,8 3 8 ju te ba nc April 1, 2020 44, 14 2 9 ,9 31,84 0 5 ,1 1 3 98, 6 4 Ad t on r ns er , 2 2 ) 8 Di posal 90,482) 190,482) B n o r 4 8 9 32 01 8 5 1 1 9 99 2 8 Ac u ulate epreci ion B an nni g of year 10, 22 666 , 25 5 9 3 0 40, 82 899 I p c f m l entati f IFRS 16 6 7,9 6 9 Ad us ba n Apr l 1, 2020 11 34 589 705 213 25 50 992 3, 4 0 8 40 0 82 e c a ,5 , 2 2 01 88 99 11 Di posal 38,257) 138,257) B n nd o y r 1 ,851,133 ,072,9 9 27,345 7 4, 84 800 45, 54,6 8 Ne bo va ue, end y r $ 3 1 678 1 834,991 4 6 1 1,090,346 14,066 97 5 , 7 1 A set n ac red re esent purcha s f p operty an e ip h h we yet i a n o wh h rec ati h ch g ADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UN O LIMITED the Separ te Fin ncial St tements ar ended March 31, 2021 d in Ba ba dollars) 39 ope ty and Equipment, contin ed 2020 Furniture A set La d and Motor and Leasehold being Buildings Vehicle Equipment Im rovements Acquired Total st ance, b ginning year $ 40,357,401 2 0 990 3 841,094 575,146 4 32 962 95 007,593 pact of imple entation of IFRS 16 3,856,808 - - - 3,856,808 usted balance April 1, 2020 4 214,2 9 2 07 990 3 841,094 575,146 4 32 962 98 864,401 ditions/tran fer 743,602 - 368,280 - (258,991) 852,891 posals - (190,482) - (190,482) ance, end of year 44,957,811 2 0 9 0 32,018,89 575,146 4 066 971 99,526,810 cum lated depreciation ance, b ginning year 10,722,666 705 213 25 250,992 3 604,028 - 40 282,899 pact of imple entation of IFRS 16 617,923 - - - 617,923 usted b lance A ril 1, 2020 11 340,589 70 213 25 250,992 3 604,028 40 900,822 preciation 1 10,544 367 786 2 233,011 880,772 - 4 992,113 posals - (138,257) - (138,257) anc , end of year 12,851,133 1,072,999 7,345,7 6 484,800 - 45 54,678 t book value, end of year $ 32,106,678 ,834 991 4,673,1 6 1,090,346 14 066 971 53, 72,132 s ts being acquired repr sent purchases of p op rty and equipment which were not yet in pe at on and on which depreciation has been charg d. ADOS PU LIC WORKERS' C - PERATIVE CREDIT UN O LIMITED the Separate Financial Statements ar end d M rch 31, 2021 d in Ba ba o dollars) 39 ope ty and Equipment, c ntinu d 2020 Furniture Assets Land and Motor and Leas hold being Buil i gs Vehicle Equipment Improvements Acquired Total st ance, b ginning of year $ 40,357,401 2 90 990 31,841,094 5,575,146 14 32 962 95,007,5 3 pact of imple e tation of IFRS 16 3,856,808 - - - 3,856,808 usted balance April 1, 2020 44,214,2 9 2 907 990 31,841,094 5,575,146 14 32 962 98,864,401 ditions/transfe 743,6 2 - 368,280 - (258,991) 852,891 po ls - (190,482) - (190 82) ance, end of year 44,957,811 2 90 9 0 32,018,892 5,575,146 14 06 971 9 ,526,810 cum lated depr ciation ance, beginning of year 10,722,666 705 213 25,250,992 3,604,028 - 40,282,899 pact of imple e tation of IFRS 16 617,923 - - - 617,923 usted balance April 1, 2020 1,340,589 705 213 25,250,992 3,604,028 40,900,8 2 precia ion 1,510,544 367 786 2,233,011 880,772 - 4,992,113 po als - (138 257) - (138,257) ance, end of year 12,85 ,133 072 999 7,345 746 4,484,800 45,754,678 t book value, end of $ 3 ,106,678 834 91 4,673,1 1,090,346 1 06 971 53, 72,132 sets being acquired r present purchases of p operty and equipment which were not ye in ope ation and on which d preciation has be n cha ged. ADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNIO LIMITED the Separate Financial S tem nts ar nded March 31, 2021 d in Ba bados ollars) 39 operty and Equipment, continued 2020 Fu niture A sets L d and Motor and Leas hold b ing Buil i gs Vehicles Equipment Improvements Acquired Total st ance, b ginning o year $ 40,357,401 2 907 990 31,841,094 5,575,146 ,325,962 95 007 5 3 pact of imple entation of IFRS 16 3,856,8 8 - - - - 3 856,808 usted balance Apr l 1, 2020 44, 14 2 9 2 907 990 31,841 094 5,575,146 ,325 962 98,864 40 dition /transfer 743 6 2 - 368,280 - (2 8 991) 52,8 po als - (190,4 2) - (190,482) ance, end of year 44,957,811 2,907,9 0 32,018,89 5,575,146 ,066,971 99,526,810 cumulated depr ciatio ance, b ginning of year 10,722,666 705 21 25,250,992 3,604,028 40,282,899 pact of imple entation of IFRS 16 617,923 - - - 617,923 usted balance April 1, 2020 1 34 89 7 5 213 25 50 99 3,604 028 40 00,822 preciation 51 44 67 786 2 3,011 880 772 4 92,113 po als - - (1 8,257) - (138,257) ance, end of year 12,85 ,133 1,072,999 7,345,746 4, 84,800 - 45,75 ,678 t book value, end of y ar $ 32,106,678 ,834,99 4,673,1 6 1,090,346 1 ,066,971 53, 72,132 sets being acqui d represent purchases of rop rty and quipment which were not yet in operat on and on which d prec ation has been ch rged. S P B WORK S' O- PERAT VE DIT UN O LIM TED t e arate in cial S atements r n e ch 1, 2 1 d in arbados llars) pe t a d Equi ment, c ntinued 020 F rnitur A et Mo a d L ehol b ing i gs Veh cl p e t Im ements A ui e To e, b gin ing year $ 0 357 4 1 2 9 7 990 , , 3 9 5 007,593 t of mpl entati n of I RS 16 3,856 8 8 - - - - 3 856,808 e la ce A il 1, 2020 4 14 9 9 7 9 0 3 9 tions/tran fer 743 6 2 368 2 0 (258 991) 52 89 os ls - 19 ,4 2 (1 0 4 2) e, e ear 5 9 9 1 , 06 9 , 2 ted depr ciatio e, begi ing year 10,722 66 705 21 , , 82, 99 t of mpl entati n of I RS 16 617 923 - - - 617,923 e b la ce A il 1, 2 20 1 34 89 705 213 5 0 992 4 8 0 , 2 a ion 51 44 367 7 6 2 33 011 880 772 4 92,113 als - - (1 8 257) - 38,257 e, e ear 5 0 9 4 , , val e, of ear $ 2, 0 , 8 9 06 9 , be n a qu red r pr se t ur hases of o ert n quipment whi h were not e in p r n a d o hic p ation has been cha d. D I O K R O- PER D T LI T Se r l S at ents r ded M ch 1, n o d lar ) per d en nt nue 020 r r se d M L hold ing i eh c e t me ts c i o t e, g nin o y ar 0 3 7 4 1 2 9 9 0 , , 3 9 2 5 007 593 t i ple e t t n RS , 5 0 , e lan e A ril 1, 2 14 9 2 9 7 9 0 84 , 3 2 d ions/ ran f 2 8 po al 90,482 (190,482 e, d ye 9 2 9 0 , 0 6 9 1 , t d d re iat on e, n o y ar , 22 66 05 213 , , 82, 99 t i ple e t t n RS 6 9 6 ,9 u la e Apr 1, 2 34 89 705 213 5 50 992 4 8 0 , 2 e i ion 7 7 6 2 99 1 po l 38,25 138,257 e, nd ye r 1 ,851,133 1,072,9 9 7,345,7 4, 84,800 45, 54,678 t bo lu d f year 2,106,678 1 8 4 99 1 , 9 34 14 6 9 1 , bein quire re r sent urchases o t n quipment hi w e n y i op r n d hic at on h har d. i r A u 5, 0,9 2 Di y N