77 CONSOLIDATED FINANCIAL STATEMENTS 2023 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 …continued 2022 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets bein acquir Cost Balance, beginning of year 48,668,926 10,884,132 35,887,990 7,884,037 16,327,9 Additions/transfer 6,841,020 1,480,747 1,601,299 575,560 (129,6 Disposal (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 16,198,3 Accumulated depreciation 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 Disposal (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 16,198,3 s Public Workers’ Co-operative Credit Un on Limited Consolidated Financial Statements 023 Barbados dollars) 45 y and Equipment …continued 2022 Land and buildings $ Motor vehic es $ Furniture and equipm nt $ Leasehold improvements $ Assets being acquired $ Total $ beginning of year 48,668,926 10,884,132 35,887,990 7,884,037 16,32 ,938 119,653 0 3 s/transfer 6,841,020 1,480,7 7 1,601,299 575,560 (129,606) 10,369,0 0 (3,398,264) (1,154,423) (83,901) (2,167,159) – (6,803,747) end of year 52,111,682 11,210,456 37,405,388 6,292,438 16,198,33 123,2 8 2 6 ated depreciation beginning of year 16,043,827 4,216,932 31,031,027 6,757,081 – 58,048,867 ion 2,580,626 1,620,5 2,180,932 510,722 – 6,892,860 (1,746,330) (498,971) (83,4 0) (1,571,084) – (3,899,865) end of year 16,878,123 5,338,541 33,128,479 5,696,719 – 61,041,862 value, end of year 35,233,559 5,871,915 4,276,909 595,71 16,198,332 62,17 434 rbados Public Workers’ Co-op rative C edit Union Lim ted es to the Consolidated Financial S atements ch 31, 2023 essed in Barbados dollars) Property and Equipment …continued 2022 Land and buildings $ Motor vehicl s $ Furniture and equipment $ Leasehold improvements $ Assets being acquired $ Cost Balance, beginning of y ar 48,668,926 10,884,132 35,887,990 7,884,037 16, 27,938 119,6 Additions/transfer 6,841,020 1,480,747 1,601,299 575,560 (129,606) 10,3 Disposal (3,398,264) (1,154,423) (83,901) (2,167,159) – (6,8 Balance, end of year 52,111,682 1,210,456 37,405,388 6,292,438 16,198,332 123,2 Accumulated depreci ion Balance, beginning of y ar 16,043,827 4,216,932 31,031,027 6, 57,081 – 58,0 Depreciation 2,580,626 1,620,580 2,180,932 510,722 – 6,8 Disposal (1,746,330) (498,971) (83,480) (1,571,084) – (3,8 Balance, end of year 16,878,123 5,3 8,541 33,128,479 5,696,719 – 61,0 Net book value, end of year 35,233,559 5,871,915 4,276,909 595,719 16, 8,33 62,1 ados Public Workers’ Co-operative Credit U io L mited the Consolidated Fina cial Statements 1, 2023 d in Barbados dollars) perty and Equipment …continued 2022 L buildings $ Motor v hicl s $ Furniture and equipment $ Leasehold improvements $ Ass t being acquired $ To nce, beginning of year 4 668,926 10,884,132 35,887,990 7 884, 37 16,327,938 119 65 ,0 tions/transfer 6 841,020 1,480,747 ,601,299 575,560 (129,606) 10 369,0 osal (3 398,264) (1,154,423) (83,901) (2 167, 59) – (6 803,7 nce, end of year 52 111,682 1,210,456 37,405,388 6 292,438 16,198,332 123 218, umulated depre iation nce, beginning of year 16 043,827 4,216,932 ,031, 27 6 757,081 – 5 048,8 eciation 2 580,626 1,62 ,58 2,180,932 510,722 – 6 92, osal (1 746,330) (498,971) ( 3,4 0) (1 571, 84) – (3 899, nce, end of year 16 878,123 5,338,541 33,128,479 5 696,719 – 6 041,8 book value, end of year 35,233,559 5,871,915 4,276,909 595,719 16,198,332 62 176,4 Public W rk s C - p t redi o im te Co s lidated Financia St te e s Barbados d r ) y nd Equipment …co t u 0 La bu l M or v h c e urn t e u p nt Le eh ld improvement Asset be g ac re To be i ni g of ye r 48,66 ,926 10,884 132 35,887 990 7,884,03 16,327 938 119,653 02 s/t a s 6,8 1,020 1,4 0 747 1,6 299 57 ,560 (1 9,606) 1 ,369,02 (3,3 8,264) (1,1 4 423) 3,901) (2,1 7,159) – (6,8 3,747) end of year 52,111,68 11,2 0 456 37,405 388 6,292,4 8 16,198 332 123,218 96 l te depr ci t o be i ni g of ye r 16,043,827 4,2 6 9 2 31,0 27 6,757,081 58,04 ,867 t n 2,5 0,626 1,6 0 58 2,1 0 93 51 ,722 6,8 2, 60 (1,7 6,330) (4 8,971) ( 3,4 0) (1,5 ,084) – (3,8 9, 65) end of year 16,878,123 5,3 8 541 33,128 479 5,696,719 1,04 ,8 2 k value, e of yea 35,2 3 559 5,8 1 91 4,2 6 909 59 ,719 16,198 332 62,176 434 Public Workers’ Co-operative Credit Un on L m ted ns lidated Financial Statem nts bados d llars) 45 nd Equipment …continued 202 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leas hold improvements $ Asset being acqui ed $ Total $ inning of year 48,668,926 10,884,132 35,887,990 7,884,037 16,327,938 119,653,02 nsfer 6,841,020 1,480,747 1,601,299 575,5 (129,606) 10,3 9,020 (3,398,264) (1,154,423) (83,901) (2,167,159) – (6,803,747) of year 52,111,682 11,2 0,456 37,405,388 6,292,438 16, 98,332 1 3,218,296 d depr ci ion inning of year 16,043,827 4,216,932 31,031,027 6,757,081 – 58,04 ,867 2,580,626 1,620,58 2,180,932 510,722 – 6,892,860 (1,746,330) (498,971) (83,480) (1,57 ,084) – (3,899,865) of year 16,878,123 5,338,541 33,128,479 5,696,7 9 – 61,04 ,862 lu , end of y ar 35,233,559 ,871,9 5 4,276,909 595,719 16, 98,332 62,176,434 ublic Workers’ C -operative Credit Union Limited solidated Financ al Statements dos dollars) 45 Equipment …cont ued 20 2 Land and build ngs $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Asset being acquired $ Total $ nin of year 48,668,92 10,884,132 35,887,990 7,884,037 16,327,938 119,653,023 fer 6,841,02 1,480,74 1,601,299 57 ,560 (129,60 ) 1 ,369, 2 (3,398,264) (1,154,423) (83,901) (2,167,159) – (6,803,74 ) y ar 52,11 ,682 ,210,456 37,40 ,388 6,29 ,438 16, 98,332 123,218, 96 depreciat on nin of year 16,043,827 ,216,93 3 ,031,027 6,75 ,081 – 58,048, 67 2,580,62 1,620,580 ,180,932 510,722 – 6,892,860 (1,746,330) (498, 71) (83,480) (1,571,084) – (3,899,865) y ar 16,87 ,123 5,338, 4 ,128,479 5,69 ,719 – 61,041,862 , end of year 35,233, 59 5,871,915 4,276,90 59 ,719 16, 98,332 62,176,43 blic Workers’ Co-operative C edit Union L mited lidate Fina ci l S atements doll rs) 45 quipment …continued 20 2 Land buildings $ Motor vehicl s $ Furnit e and equipment $ Leasehold improvements $ Assets b ing acquired $ Total g of y ar 48,668,926 10,884,132 35,887,990 7,884, 3 16,327,938 119,653,023 6,841,02 1,480,74 1,601,299 57 ,560 (129, ) 10,369,02 (3, 98,264) (1,154,423) (83,901) (2,167, 59) – (6,803,74 ) ear 52,11 ,68 1,210,456 37,405,388 6,29 ,438 16,198, 32 1 3,218,296 pr ia ion g of y ar 16,043,827 4, 16,932 31,031,027 6,75 ,081 – 58,04 , 67 2,580,62 1,620,580 2,180,93 510,722 – 6,892,860 (1,746,330) (498,971) (83,480) (1,57 , 84) – (3, 99,865) ear 16,87 ,123 5,3 8,541 33,128, 79 5,69 ,719 – 1,04 ,8 2 nd of y ar 35,233,559 5,871,91 4,276,90 59 ,719 16, 8,332 62, 76,43
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