Consolidated Annual Report 2022

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2022 76 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2022 (Expressed in Barbados dollars) 44 14. Property and Equipment Property and equipment is comprised of the following: 2022 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired Cost Balance, beginning of year $ 48,668,926 10,884,132 35,887,990 7,884,037 16,327,938 1 Additions/transfers 6,841,020 1,480,747 1,601,299 575,560 (129,606) Disposals (3,398,264) (1,154,423) (83,901) (2,167,159) - Balance, end of year 52,111,682 11,210,456 37,405,388 6,292,438 16,198,332 1 Balance, beginning of year $ 16,043,827 4,216,932 31,031,027 6,757,081 - Depreciation 2,580,626 1,620,580 2,180,932 510,722 - Disposals (1,746,330) (498,971) (83,480) (1,571,084) - Balance, end of year 16,878,123 5,338,541 33,128,479 5,696,719 - Net book value, end of year $ 35,233,559 5,871,915 4,276,909 595,719 16,198,332 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 the Consolidated Fin ncial St temen s For the year ended March 31, 2022 (Expressed in Barbados dollars) 44 14. Property and Equipment Property and quipment is compr sed of the following: 2022 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired T Cost Balance, beginning of year $ 48,668,926 10,884,132 35,887,990 7,884,037 16,327,938 119,653,0 Additions/transfers 6,841,020 1,480,747 1,601,299 575,560 (129,606) 10,369,0 Disposals (3,398,264) (1,154,423) (83,901) (2,167,159) - (6,803,7 Balance, end of year 52,111,682 11,210,456 37,405,388 6,292,438 16,198,332 1 3,218, Balance, beginning of year $ 16,043,827 4,216,932 31,031,027 6,757,081 - 58,048,8 Depreciation 2,580,626 1,620,580 2,180,932 510,722 - 6,892,8 Disposals (1,746,330) (498,971) (83,480) (1,571,084) - (3,899,8 Balance, end of year 16,878,123 5,338,541 33,128,479 5,696,719 - 61,041,8 Net book value, end of year $ 35,233,559 ,871,915 4,276,909 595,719 16,198,332 62,176,4 Assets being acquired represent purchases of property and quipment which were not y t in peration and on which no depreciation has been charged. BARBADOS PUBLIC WORKE S’ CO-OPERATIVE CREDIT UNION LIMITED Notes to he Consolidated Financial Statements For the year en ed March 31, 022 (Expressed in Barbados dollars) 44 14. Property and Equipment Property and equipment is comprised of the f llowing: 022 Furniture Assets Land and Motor and Leasehold being Bu ldings Vehicles Equipment Improvements Acquired Cost Balance, beginnin of year $ 48,668,926 10,884,132 35,887,990 7,884,037 16,327,938 119,65 Additions/tra sfe s 6,841, 20 1,480, 47 1,601,299 75,560 (129, 06) 10,36 Disposals (3,398,264) (1,154,423) (83,901) (2,167,159) - (6,80 Balanc , e d of year 52, 11,682 11,210,456 37,405,388 6, 92,438 16,198,332 123,21 Balance, beginnin of year $ 16,043,827 4,216,932 31,031,027 6, 57,081 - 58,04 Depreciation 2,580, 26 1,620,580 2,180,932 510,722 - 6,89 Disposals (1,746,330) (498,971) (83,480) (1,571,084) - (3,89 Balanc , e d of year 16, 78,123 5,338, 41 33,128,479 5, 96,71 - 61,04 Net book valu , end of year $ 35,233,559 5,871,915 4,276, 09 95,719 16,198,332 62,17 Assets being acquired represent purcha es of property and equipment which were not yet in operation and on which no depreciation has been charged. BARBADOS PUBLIC WORKERS’ O-OPERATIVE CREDIT UN ON LIMITED Notes to the Consolidated Financial Statements For the year end d March 31, 2022 (Expressed in Barbados do lars) 44 14. Property and Equipment Property and equipm nt is comprised of the following: 202 Furniture A sets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired C st Bal nce, beginni g of year $ 48,668,926 10,884, 32 35,887,990 7,884,037 16,327,938 119,653 Additions/transfers 6,841,020 1,480,747 1,601,299 575,560 (129,606) 10,369, Disposals (3,398,264) (1,154,423) (83,901) (2,167,159) - (6,803 Bal nce, end of year 52,111,682 11,210,456 37,405, 88 6,292,438 16,198,332 123,218 Bal nce, beginni g of year $ 16,043,827 4,216,932 31,031,027 6,757,081 - 58,048 Depreciation 2,580,626 1,620,580 2,180,932 510,72 - 6,892 Disposals (1,746,330) (498,971) (83,480) (1,571,084) - (3,899 Bal nce, end of year 16,878, 23 5,338,541 33,128,479 5,696,719 - 61,041 Net bo k value, end of year $ 35,233,5 9 5,871,915 4,276,909 595,719 16,198,332 62,176 Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation has been charged. RBADOS PUBLIC WORKERS’ CO- PERATIVE CREDIT UNION LIM TE Notes to the Consolidated Financial Statem nts For the y ar ended March 31, 202 Expres d in Barb dos dollars) 4 4. Property and Equipment Property and equipment is comprised of the foll wing: 202 Furniture As ets and and Mot r and Leasehold eing Buildings V hicles Equipment I provem nts Acquired To ost Balance, begi ni g of year $ 48,6 8,926 10,8 4,132 35,8 7,9 0 7,8 4,037 16,327,938 19,653,0 d itions/transfers 6,841,020 1,480,747 1,601,29 75,560 (129,606) 10,369,0 Disposals (3,398,264) (1,154,423) (83,901) (2,167,159) - (6,803,7 Balance, end of year 52,1 ,682 11,2 0,456 37,405,38 6,292,438 16, 98,3 2 123, 18,2 Balance, begi ni g of year $ 16,043,827 4,216,932 31,031,027 6,757,081 - 58,048,8 Depreciation 2,580,626 1,620,580 2,180,932 510,72 - 6,892,8 Disposals (1,746,3 0) (498, 71) (83,480) (1,571,084) - (3,89 ,8 Balance, end of year 16,878,123 5, 8,541 33,128,479 5,696,719 - 61,041,8 Net book value, end of year $ 35,23 ,5 9 5,871,9 5 4,276,909 95,719 16, 98,3 2 6 ,176,4 As et being acquired rep esent purchases of pro erty and equipment whic were not yet in operation a d on w ich no epreciation has been charged. ARBADOS PUBLIC WORKE S’ CO- PERATIVE CREDIT UNION LIM TED es to he Con olidate Financi l Statements the y ar nded March 31, 20 2 pressed in Barb dos doll s) 44 Property and Equipment Property and equipment is comprised of the following: 20 Furnit e Asset Land Motor and Leas hold being Buildings Vehicles Equipment Improvem nts Acquired Total Cost Balance, beginni g of year $ 48,66 926 10,884 132 35,887 990 7,884 037 16,327 9 8 119,653 02 Additions/transfe 6,841 020 1,480 7 7 1,60 299 575, 60 (129,606) 10,369 020 Dispo al (3,398 264) (1,154 423) (83,901) (2,167 59) - (6,803 747 Balance, e d of year 52,111 682 1 ,2 0 456 37,405 388 6,292 438 16,198 332 123, 18 96 Balance, beginni g of year $ 16,043 827 4,216 932 31,0 27 6,757 081 - 58,04 867 Depreciation 2,580 626 1,620 58 2,180 932 510,722 - 6,892 60 Dispo al (1,746 330) (498,971) (83,4 0) (1,57 084) - (3,899 65 Balance, e d of year 16,878 123 5,338 541 33,128 479 5,696 71 - 61,04 862 Net book value, end of year $ 35,2 3 559 5,871 915 4,276 909 595,719 16,198 332 62,176 434 Asset being acquired r pr sent purchases of property and equipme t whic were not ye in operation and o which no depreciation has been charged. DOS PUBLIC WORKE S’ CO-OPERATIVE CR DIT UNION LIMITED to the Consolidated Fina cial Statem nts e y ar ended March 31, 2022 ssed in Barbados doll rs) 44 Property and Equipment Property and equipment s comprised of the foll wing: 2022 Furniture Asset Land and Motor and Leasehold being Buildings Vehicles Equipment Improvem nts Acquired Total Cost Balance, beginning of year $ 48,668,926 10,8 4,132 35,887,990 7,884,03 16,327,938 119,65 ,023 Additions/transfers 6,841,020 1, 80,747 1,601,299 575,560 (129, 6) 0,3 9, 2 Disposal (3,398,264) (1,154,423) (83,901) (2,167,159) - (6,803,747) Balance, e d of year 52,111,68 11,2 0,456 37,40 ,388 6,292,438 16, 98, 32 123, 18,296 Balance, beginning of year $ 16,043,827 4,216,932 3 ,031,027 6,757,081 - 58,048, 67 Depreciation 2,580,626 1,620,580 ,180,932 510,722 - 6,892,860 Disposal (1,746,330) (498, 71) (83,480) (1,571,084) - (3,899,865) Balance, e d of year 16,878,123 5, 38,541 ,128,479 5,696,719 - 61,041,8 2 Net book value, end of year $ 35,233, 59 5,871,9 5 4,276,909 5 5,71 6, 98,332 62,176,434 Asset being acquired r p esent purchases of property and equipment which were not y t in operation and on which no depreciation h s be n charged. BADOS PUBLIC WORKERS’ C -OPERATIVE CREDI UN ON LIMITED the C ns lidate F n ncial St temen s yea end d March 31, 2022 sed in Barbados dollars) 4 operty and Equipment ope ty and equipmen is comprised of th f ll wing: 202 Furnit e Asset Land Mot r and Leasehold being Buildings Vehicl s Equipment Improvements Acquired Total ost alance, begi ing of y ar $ 48,66 926 10,884 32 35,887 990 7,8 4 03 16, 27 938 1 9,653 023 d itions/transfers 6,841 020 1,480 747 1,6 299 575, 60 (129,606) 10,369 02 sposals (3,398 264) (1,154 423) (83,901) (2,167 59) - (6,803 747) alance, end of y ar 52,111 68 1,2 0 456 37,4 5 88 6,292 438 16,198 332 1 3,218 96 alance, begi ing of y ar $ 16,043 827 4, 16 932 31,0 27 6,757 081 - 58,04 867 epreciation 2,580 6 6 1,620 580 2,180 932 510,7 2 - 6,892 0 sposals (1,746 330) (498,971) (83,4 0) (1,57 084) - (3,899 65) alance, end of y ar 16,878 23 5,3 8 541 3 ,128 479 5,696 719 - 61,04 8 2 et bo k value, end of year $ 35,2 3 5 9 5,871 91 4,276 909 595,719 6, 8 332 62,176 434 ssets b ing acquired represent u chases of prope ty and quipmen which were not y t in operat on and which o epreciation has been charg d. DOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNIO LIMITED Con olidate Financ al St tements ended M ch 31, 2022 in Barbados olla s) 44 erty and Equipment rty and qui me t is compr sed of the following: 202 Furnit re Asset Land and Motor and Le sehold being Buildings Vehicles Equipment Improvements Acquired Total ce, b ginni g of year $ 48,668,92 10,884 132 35,887,990 7,884,037 16,32 938 11 ,65 ,023 ons/ ransfers 6,841,020 1,48 7 7 1,601,299 575, 60 (129,606) 10,369,020 als (3,398,264) (1,154 423) (83,901) (2,167, 5 ) - (6,803,747) ce, end of year 52,111,682 ,210 456 37,405,388 6,292,438 16,198 33 3,218,296 ce, b ginni g of year $ 16,043,827 4,2 932 31,0 1, 27 6,757,081 - 58,048,867 ciation 2,580,626 1,620 2,180,932 510,722 - 6,892, 60 als (1,746,330) (498 971) (83,4 0) (1,571,08 ) - (3,899, 65) ce, end of year 16,878,123 5,338 541 33,128,479 5,6 6,719 - 61,041,862 ook value, end of year $ 35,2 ,559 ,871 915 4,276,90 5 5,71 16,198,332 62,176,434 being acqu red pres nt purchas s of property and qui me t which were not y t in p ra ion nd on which o ciation has been charged. BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2022 (Expressed in Barbados dollars) 14. Property and Equipment, continued 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 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 BAR ADOS PUBLIC WORKE S’ CO-OPERATIVE CREDIT UNION LIMITED Notes to he Consolidated Financial Statements For the year ended March 31, 2022 (Expressed in Barbados dollars) 14. Property and Equipment, continued 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, 32 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 - 51,59 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 6,666,996 4,857,168 1,126,956 16,327,938 61,60 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to th Consolidated Financial Statements For the year ended March 31, 202 (Expressed in Barbados dollars) 14. Property and Equipment, continued Property and equipm nt s comprised of the following: 2021 Furniture Assets Land and Motor and Leasehold being Buildings Vehicles Equipment Improvements Acquired T Cost Balance, begin ing of year $ 48,724,259 8,7 4,832 3 ,9 4,601 7,8 2,168 14,06 ,971 1 3,4 2 Ad it ons/transfers 312,850 2,410,623 1,893,389 1,869 2,260,967 6,879 Disposals (368,183) (301,323) - - - (6 9 Balance, end of year 48,6 8,926 10,8 4,132 35,8 7,9 0 7,8 4,037 16,327,938 1 9,653 Ac umulated depreciation Balance, begin ing of year $ 13,965,021 2,902,864 28,738,2 0 5,984,852 - 51,590 Depreciation 2,209,309 1,38 ,254 2,292,60 7 2,2 9 - 6,6 2 Disposals (130,502) (73,982) - - - (204 Balance, end of year 16,043,828 4,217,136 31,030,82 6,757,081 - 58,048 Net book value, end of year $ 32,625,098 6,6 ,9 6 4,857,168 1,126,956 16,327,938 61,604 BARBADOS PUBLIC WO KERS’ CO-OPERATIVE CREDIT UN ON LIMITED Notes to the Consolidated Financial Sta emen For the year end d March 31, 2022 (Expressed in Barbados dollar ) 14. Property and Equipment, continued Property and equipm nt is comprised of the fol owing: 021 Furnit re As t and nd t r and Leas hold eing Buildings Vehicles Equipment Impr vement Ac uired T Cost Bal nce, beginni g of year $ 48,724,259 8,774,832 33,994,601 7,882,168 14,066,971 113,442, Additions/transf rs 312,850 2,410,6 3 1,893, 89 1,869 2,260,967 6,879, Disposals (368,183) (301,323) - - - (669, Bal nce, end f y ar 48,668,926 10,884, 32 35,887,990 7,884,037 16,327,938 119,653 Accumulated depreci tion Bal nce, beginni g of year $ 13,965,021 2,902,864 28,738, 20 5,984, 2 - 51,590, Depreciation 2,209,309 1,388,254 2,292, 02 772, 9 - 6,662, Disposals (130,502) (73,982) - - - (204, Bal nce, end f y ar 16,043,828 4,217,136 31,030,822 6,757,081 - 58,048, Net book value, end of year $ 32,625,098 6,66 ,996 4,857,168 1,126,956 16,327,938 61,604, BARBADOS PUBLIC WORKERS’ CO- PERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Sta ements For the y ar ended March 31, 202 Expressed in Barbados dollars) 14. Property and Equipment, continued Property and equipment is comprised of the foll wing: 2021 Furniture As et Land and Mot r and Leasehold being Buildings Vehicles Equipment I provements Acquired To Cost Bal nce, begin i g of year $ 48,724,259 8,7 4,832 33,9 4,601 7,8 2,168 14,06 ,971 113,4 2,8 Ad itions/transfer 312,850 2,410,623 1,893, 89 1,869 2, 60,967 6,879,6 Disposals (368,183) ( 01,323) - - - (6 9,5 Bal nce, end of year 48,6 8,926 10,8 4,132 35,8 7,9 0 7,8 4,037 16,327,938 119,653,0 Accumulated depreciation Bal nce, begin i g of year $ 13,965,021 2,902,864 28,738,2 0 5,984,852 - 51,590,9 Depreciation 2, 09,309 1,38 ,254 2, 92,602 7 2, 9 - 6, 2,3 Disposals (130,502) (73,982) - - - (204, Bal nce, end of year 16,043,828 4,217,136 31,030,82 6,757,081 - 58,048, Net bo k value, end of year $ 32,625,098 6, ,9 6 4,857,168 1, 26,956 16,327,938 61,604,1 ARBADOS PUBLIC WORKE S’ CO-OPERATIVE CREDIT UNION LIMITED es to he Consolidate Financi l Statem nts the year ended March 31, 20 2 pressed in Ba b dos doll s) Prope ty and Equipment, continued Property and equipment is comprised of the following: 20 1 Furnit e Asset Land Motor and Leasehold being Buildings Vehicl s Equipment Improvem nts Acquired Total Cost Balance, beginn g of year $ 48,724 259 8,774 832 33,994 601 7,882 168 14,066 971 113,442 831 Additions/transfe s 312,850 2,410 623 1,893 3 1,869 2,260 9 7 6,879 698 Disposal (368,183) (301, 23) - - - (669,50 ) Balance, e d of year 48,66 ,926 10,884 132 35,887 990 7,884,037 16,327 938 119,653 02 Accumulated d preciation Balance, beginn g of year $ 13,965 021 2,90 864 28,73 220 5,984 852 - 51,590 9 7 Depreciation 2,209 3 1, 88 254 2,29 60 772,229 - 6,662 394 Disposal (130,502) (73,982) - - - (204,48 ) Balance, e d of year 16,043,828 4,217 136 31,0 0 822 6,757,081 - 58,04 867 Net book value, end of year $ 32,625,098 6,66 99 4,857 168 1,126,95 16,327 938 61,604 156 BADOS PUBLIC WORKE S’ CO-OPERATIVE CREDIT UN ON L MITED to th C nsolidated Fina cial Statements e y a ended March 31, 2022 ssed in Barbado doll r ) Property and Equipment, con i ued Property and equipm nt s comprised of th following: 20 1 Furniture Asset Land and Motor and Leasehold being Buildings Vehicles Equipment Improve nts Acquired Total Cost Balance, beginn ng of year $ 48,724, 59 8,774,832 33,994,601 7,882,168 14,066,971 113,442,831 Additions/transfers 312,850 2,410,623 ,893,389 1,869 2,260,967 ,879,6 8 Disposal (368,1 3) (301,323) - - - (669,506) Balance, end of y ar 48,668,926 10,884,132 35,887,990 7,884,03 16,327,938 119,653,023 Accumulated depreciation Balance, beginn ng of year $ 13,965,021 2,902,864 28,738, 20 5,984, 52 - 51, 90,9 7 Depreciation 2,209,309 1,388,254 2,292,60 772,2 9 - 6,6 2,394 Disposal (130,5 2) (73,982) - - - (204,484) Balance, end of y ar 16,043,828 4,217, 36 3 ,030,822 6,757,081 - 58,048,867 Net book value, end of year $ 32,6 5,098 6,6 6, 96 4,857,168 1,12 ,956 1 ,327,938 61, 04,156 A OS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED the C nsolidate Financial St ments yea ended March 31, 2022 sed in Barbados dollars) operty and Equipment, continued ope ty and quipment s comprised of th f ll w ng: 2021 Furnit e Asset Land Motor and Leasehold being Buildings Vehicles Equipment Improve ents Acquired Total ost al nce, begin i g of y ar $ 48,724 259 8,7 4 832 3,994 601 7,8 2 168 14,066 971 1 3,442 8 1 dditions/transfer 312,850 2,410 6 3 1,893 389 1,869 2,260 9 7 6,879 698 sposals (368,183) ( 01, 23) - - - (6 9,506) al nce, end of y r 48,66 926 10,884 32 5,887 990 7,8 4 03 16,327 938 119,653 023 c umulated depreciation al nce, begin i g of y ar $ 13,965 021 2,90 864 28,73 0 5,9 4 8 2 - 51,590 9 7 epreciation 2,209 3 9 1,388 254 2,29 60 7 2,2 9 - 6,6 2 394 sposals (130,502) (73,982) - - - (204,48 ) al nce, end of y r 16,043 828 4,217 136 1,0 0 822 6,757 081 - 58,04 867 et bo k value, end of year $ 32,625 098 6,6 99 4,857 168 1,126 956 1 ,327 938 61,604 156 DOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED C nsolidate Fi anc l St teme ts ended M ch 31, 2022 in Barbados ollars) rty and Equipment, cont nued rty and equi ment is compr sed of the following: 2021 Furniture Asset Land and Motor and Le sehold b ing Buildings Vehicles Equipment Improvements Acquired Total ce, b ginning of year $ 48,72 ,259 8,774 832 33,994,601 7,882,168 4,066 971 113,442,83 ons/tran fers 312,850 2,410,623 1,893,3 9 1,869 2,260,967 6,879,698 als (368,183) (30 ,323) - - - (669,50 ) ce, end of year 48,668,92 10,884 132 35,887,990 7,884,037 16,32 9 8 119, 53,023 m lated depr ciation ce, b ginning of year $ 13,965,021 ,902 8 4 2 ,738,220 5,984,85 - 51,590,9 7 ciation 2,209,309 1, 88 54 , 92,60 77 ,229 - 6,662,394 als (130,502) (73,982) - - - (204,484) ce, end of year 16,043,828 4,2 7 136 3 ,0 0,822 6,757,081 - 58,048,867 ook valu , end of year $ 32,625,098 ,666 99 4,857,168 ,126,956 6,327 9 8 61,604,156

RkJQdWJsaXNoZXIy MTA2MDM=