76 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Consolidated Financial Statements March 31, 2023 (expressed in Barbados dollars) 14 Property and Equipment Property and equipment is comprised of the following: 2023 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets bein acquir Cost Balance, beginning of year 52,111,682 11,210,456 37,405,388 6,292,438 16,198,3 Additions/transfer 908,738 1,122,966 3,184,297 – (2,424,4 Disposal (1,154,828) (502,253) (130,426) – Balance, end of year 51,865,592 11,831,169 40,459,259 6,292,438 13,773,8 Accumulated depreciation Balance, beginning of year 16,878,123 5,338,541 33,128,479 5,696,719 Depreciation 2,622,757 1,635,815 2,153,373 202,194 Disposal (1,154,828) (219,274) (112,676) – Balance, end of year 18,346,052 6,755,082 35,169,176 5,898,913 Net book value, end of year 33,519,540 5,076,087 5,290,083 393,525 13,773,8 Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation has been charged. os Public Workers’ Co-operative Credit Union Lim ed e Consolidated Financial Statements 2023 Barbados dollars) 4 ty and Equipment y and equipment is comprised of the following: 2023 Land and buildings $ Motor veh cles $ Furniture and equipment $ Leasehold improvements $ Assets being acquired $ Total $ , beginning of year 52,111,682 11,210,45 37,405,388 6,292,4 16,198,332 123,218,296 ns/transfer 908,738 1,122,966 3,184,297 – (2,424,446) 2,791,555 l (1,154,828) (502,253) (130,426) – – (1,787,507) , end of year 51,865,592 11,831,169 40,459,259 6,292,438 13,773,886 124,222,344 ulated depreciation , beginning of year 16,878,123 5,33 ,54 33,128,479 5,696,719 – 61,041,862 ation 2,622,757 1,635,815 2,153,373 202,194 – 6,614,139 l (1,154,828) (219,274) (11 ,676) – – (1,486,778) , end of year 18,346,052 6,755,082 35,1 9,176 5,898,9 3 – 66,169,223 k value, end of year 33,519,540 5,076,087 5,29 ,083 393,525 13,77 ,886 58,053,121 eing acquired represent pur hases of prop rty and equipment which were not y t in operation a d on which eciation has been charged. rbados Public Workers’ Co-operative Cred t Union Lim ted s to the Consolidated Financial Statements ch 1, 2023 essed in Barbados dollars) Property and Equipment Property and equipment is comprised of the following: 2023 Land and buildings $ Motor vehicles $ Furniture and quipment $ Leasehold i provements $ Assets being acquired $ Cost Balance, beginning of y ar 52,111,682 1,210,456 37,405,388 6,292,438 16,198,33 123,2 Additions/transfer 908,738 1,122,966 3,184,297 – (2,424,446) 2,7 Disposal (1,154,828) (502,253) (1 0,426) – – (1,7 Balance, nd of year 51,865,592 11,831,169 40,459,259 6,292,438 13,773,886 124,2 Accumulat d depreci ion Balance, beginning of y ar 16,878,123 5,3 8,541 33,128,479 5,696,719 – 61,0 Depreciation 2,622,757 1,635,815 2,1 3,373 202,194 – 6,6 Disposal (1,154,828) ( 19,274) (112,676) – – (1,4 Balance, nd of year 18,346,052 6,755,082 35,169,176 5,898,913 – 66,1 Net book value, end of year 33,519,540 5,076,087 5,290,083 393,525 13,773,886 58,0 Assets being acquired represent purchases of roperty and equipment which were ot yet in opera ion a d on which no depreciation has been charged. ados Public Workers’ Co-ope ative Credit Union Limited o the Consolidated Financial Stat ments 31, 2023 d in Barbados dollars) perty and Equi ment e ty and equipment is comprised of the following: 2023 Land a buildings $ Motor vehicles $ Furniture and equipm nt $ L asehold improvements $ A sets being acquired $ To t nc , begi ning of year 52,111 682 11,2 0 456 37,4 5 388 6,292 438 16,198, 32 123,218 itions/transfer 908,73 1,122 966 3,184 297 – (2,424 46) 2,791 5 osal (1,154 828) ( 02, 53) (130,426) – – (1,787 5 nce, end of year 51,865 592 1,831 169 40,459 259 6,292 438 13,773,8 6 124,2 2 3 mulated d preciation nc , begi ning of year 16,878 123 5,338 541 33,128 79 5,696 719 – 61,04 8 reciation 2,62 757 1,635 815 2,1 3 373 202,194 – 6,614 1 osal (1,154 828) (219, 74) ( 12,676) – – (1,486 7 nce, end of year 18,346 052 6,755 082 35,169 176 5,898 913 – 66,1 9 2 book value, end of year 33,519 540 5,076 087 5,290 083 393,525 13,773,886 58,0 3 1 ets b ing acqui ed represent purchases of prope ty and equi ment which were no yet in operation and on which epreciation has been charged. s P bli Workers’ Co-op r v Cre i n o L d C ns lid ted Financial Statemen Barba os llars) 4 t and Equ pme t and equip e t is ompris d of th following: 20 3 L n buil in M vehicles F rni ure a e i men L se old improveme t A sets eing a uir Total begin in of e r 52,1 ,6 11,2 0,4 7,4 5,3 8 6,2 ,4 16,1 8,3 2 1 3,218,296 s/tr ns r 9 ,7 1,1 2,9 6 3,1 4,2 7 2,42 ,44 ) 2,791,555 1,15 ,82 ) 502,2 3) 130,4 6) 1,78 ,50 ) e d f yea 1,8 ,5 1,8 1,1 9 40,4 9,2 9 6,2 ,4 13,7 3,8 6 124,2 2,34 l d depr cia ion begin in of e r 6,8 ,1 5,3 ,5 33,1 8,4 9 5,6 ,7 – 61,0 , ati n 2,6 ,7 ,6 5,8 5 2,1 3,3 3 2 ,1 – 6,61 , 1,15 ,82 ) 2 9,2 4) 11 ,6 6) 1,48 ,77 ) e d f yea 18,3 ,0 6,7 5,0 2 35,1 9,1 6 5,8 ,9 – 66,1 , k lu , end of y ar 33,5 9,5 5,0 6,0 7 5,2 ,0 3 3 ,5 13,7 ,8 6 58,0 3,121 ein acqu ed epre ent purchases of rop rty and equipment w ich wer not y t in operation a d n whic ciation ha been harg . Public Workers’ Co-operative Credit Union Limited onsolidated Financial Statem nts 3 rbados dollar ) 44 and Equipment d equipm nt s comprised of the following: 2023 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leas hold improvements $ Asset being acquired $ Total $ ginning of year 52,111,682 11, 10,456 37,405, 88 6,292, 38 16,198,332 12 , 18, 96 ansfer 908,738 1,122,966 3,184,297 – (2,4 4,446) 2,791,555 (1,154,828) (502,253) (130,426) – – (1,787,507) d of year 51,865, 92 11,83 , 69 40,459,25 6,292, 38 13,77 ,886 124, 22,3 4 ed depr ciation ginning of year 16,878, 23 5, 38,541 33, 28,479 5,696,719 – 61,04 ,862 n 2,6 ,757 1,635,8 2,153,37 20 , 94 – 6,614, 39 (1,154,828) (219,274) (112,676) – – (1,486,778) d of year 18,346,052 6,755,082 35,169,176 5,898,913 – 66,1 9,223 alue, end of year 33,519,540 , 76,087 5,290,083 393,525 13,77 ,886 5 ,053,121 g acquired present purchases of p operty and equipm nt which were not yet in op ration and o which ion has been charged. ublic Wo kers’ C -operative Cr dit Union Limited lidated Financial Statem n s o ollars) 44 Equipment uipm nt s comprised of th following: 2023 Land and buildings $ Motor vehicles $ Furniture and equipment $ Le s hold i prove ents $ Asset being acquired $ Total $ ing of year 52,111,682 11,210,456 37,405, 88 6 292,438 16,198,332 123,218, 96 fer 908,73 1,122,966 3,184,297 – (2,424,446) 2,791,555 (1,154,828) (502,253) (130,426) – – (1,787,507) year 51,865, 92 11,83 , 69 40,459,259 6 92,438 13,77 ,886 124,222,3 4 depreciation ing of year 16,878, 23 5,338,54 33,128,479 5 696,719 – 61,04 ,862 2,62 ,757 1,635,8 5 2,153,373 202,194 – 6,614,139 (1,154,828) (219,274) (112,676) – – (1,486,778) year 18,346,052 6,755,082 35,169,176 5 898,913 – 66,169,223 , end of year 33,519,540 5,076, 87 5,290,083 39 ,525 13,773,886 58,053,121 quir d present urcha es of property and equipm nt which were no ye in operati n and which has been charge . lic Workers’ Co-operative Credit Union Limited dated Fina ci St teme ts ollars) 44 quipment ment is comprised of the following: 20 3 Land and build ngs $ Motor vehicle Furniture and quipment Leasehold im rovem nts $ Asset being acquired Total of year 52,11 ,682 2 0,456 37 05,388 6,292,438 16 9 ,3 2 12 ,218,296 908,738 1 122,966 3 184,297 – (2,4 4,4 6) 2,791,555 (1,154,828) (502,253) 130,426) – (1,787,50 ) ar 51,865,592 11 831,169 40 5 ,259 6,29 ,438 13 773,886 124,222,344 re iation of year 16,87 ,123 5 338,541 3 128,479 5,696,719 – 1,041,862 2,6 2,757 1 635,815 2 153,373 202,194 – 6,614, 39 (1,154,828) (219,274) 112,6 6) – (1,486,778) ar 18,346,052 7 5, 82 3 169,176 5,898, 13 – 66,1 9,223 nd f y ar 33,519,540 5 076,087 5 290, 3 393,525 1 773,886 5 ,053,121 red rep sent purchases of property and equipment which were not y t in op rati n and on whic s been c rged.
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