66 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2023 (expressed in Barbados dollars) 12 Property and equipment Property and equipment is comprised of the following: 2023 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets be acqui Cost Balance, beginning of year 46,841,525 2,803,619 34,442,019 5,575,146 16,198, Additions/transfer 908,738 331,523 2,761,056 – (2,424,4 Disposal (1,154,828) (4,939) (126,580) – Balance, end of year 46,595,435 3,130,203 37,076,495 5,575,146 13,773, Accumulated depreciation Balance, beginning of year 16,210,041 1,596,790 31,246,690 5,430,508 Depreciation 1,916,242 373,993 1,841,101 144,638 Disposal (1,154,828) (2,675) (108,830) – Balance, end of year 16,971,455 1,968,108 32,978,961 5,575,146 Net book value, end of year 29,623,980 1,162,095 4,097,534 – 13,773, 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 Separate Financial Statements March 31, 2023 (expressed in Barbados dollars) 12 Property and equipment Property and equipment is comprised of the following: 2023 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets being acquired $ Cost Balance, beginning of year 46,841,525 2,803,619 34,442,019 5,575,146 16,198,332 Additions/transfer 908,738 331,523 2,761,056 – (2,424,446) Disposal (1,154,828) (4,939) (126,580) – – Balance, end of year 46,595,435 3,130,203 37,076,495 5,575,146 13,773,886 Accumulated depreciation Balance, beginning of year 16,210,041 1,596,790 31,246,690 5,430,508 – Depreciation 1,916,242 373,993 1,841,101 144,638 – Disposal (1,154,828) (2,675) (108,830) – – Balance, end of year 16,971,455 1,968,108 32,978,961 5,575,146 – Net book value, end of year 29,623,980 1,162,095 4,097,534 – 13,773,886 Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation has been charged. ados Public Workers’ Co-operative Cred t Union Limited o the Separate Financial Statements 31, 2023 ed in Barbados dollars) operty and equipme t perty and equipment is comprised of the following: 2023 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets being acquired $ T st ance, beginning of y ar 46,841,525 2,803,619 34,442,019 5,575,146 16,198,332 105,860 ditions/transfer 908,738 3 1,523 2,761,056 – (2,424,446) 1,576 posal (1,154,828) (4,939) (126,580) – – (1,286 ance, end of year 46,595,435 3,1 0,203 37,076,495 5,575,146 13,773,886 106,151 cumulated depreciation ance, beginning of y ar 16,210,041 1,596,790 31,246,690 5,430,508 – 54,484 preciation 1,916,242 373,993 1,841,101 144,638 – 4,275 posal (1,154,828) (2,675) (108,830) – – (1,266 ance, end of year 16,971,455 1,968,108 32,978,961 5,575,146 – 57,493 t book value, end of year 29,623,980 1,162,095 4,097,534 – 13,773,886 48,657 sets being acquired represent purchases of property and equipment which were not yet in operation and on which depreciatio has been charged. os Public Worke s’ Co-operative Credit Union Limited Separat Financial Statements 023 Barbados dollars) 38 y and equipmen and equipment is comprised of the following: 2023 Land and buildings $ Motor vehicles $ Furnit e and equipment $ Leasehold improveme ts $ Assets being acquired $ Total $ beginning of year 46,841,525 2,803,619 34,442,019 5,575,146 16,198,332 105,860,641 s/tra sfe 908,738 331,52 2,761,05 – (2,424,4 6) 1,576,871 (1,154,828) (4,939) (126,580) – – (1,286,347) end of year 46,595,435 3,130,20 37,076,495 5,575,146 13,773,886 106,151,16 lated depreciation beginning of year 16,210,04 ,596,790 31,246,690 5,430,508 – 54,484,029 tion 1,916,242 373,993 1,841,101 144,638 – 4,275,974 (1,154,828) (2,675) (108,83 ) – – (1,266,333) end of year 16,97 ,455 ,968,108 32,978,961 5,575,146 – 57,493,670 k value, end of year 29,623,980 1,1 ,095 4,097,534 – 13,773,886 48,65 ,49 eing acquired r prese t purchases of property and equipment which w re not yet in operation nd on which ciation has been charged. Public Workers’ Co-ope ative Credit Un on Limited epar te Financial Statements rbados dollars) 38 and equipment d equipment is comprised of th following: 20 3 Land and build ngs $ Mot r vehicles $ Furniture and equipm nt $ Leasehold improve ents $ Assets being acquired $ Total $ ginning of year 46,841,52 2,803,6 9 34,442,019 5,57 ,146 16,198,332 105,8 0,641 ransfer 908,738 331,523 2,761,056 – (2,42 ,446) 1,576,871 (1,154,82 ) (4,93 ) (126,580) – – (1,286,347) d of y ar 46,59 ,435 3,130,203 37,076,495 5,57 ,146 13,773,886 106,15 ,165 ed depr ciation ginning of year 16,210,041 1,596,790 31,246,690 5,430,508 – 54,48 ,029 n 1,916,24 37 ,993 1,841,10 144,638 – 4,275,974 (1,154,82 ) (2,675) (108,830) – – (1,266,33 ) d of y ar 16,971,455 1,9 8,108 32,978,961 5,57 ,146 – 57,493,670 alue, end of year 29,623,980 1,162,095 4,097,534 – 13,773,886 48,657,495 g acquired repre ent purchases of property and equipment which were not yet in operation and on which tion has been cha ged. ublic Worke s’ Co-operative Credit Unio Limited arat Fina cial St tements ados dollars) 38 d equipment quipment is comprised of the ollowing: 20 3 Land and build ngs $ Motor vehicl s $ Furnit e and equipment $ Leasehold improvements $ Asset being acquired $ Total $ nni g of year 46,841,52 2,803, 19 34,4 2,019 5,575 1 6 16, 98,332 105,860, 4 fer 908,738 331,523 2,761,056 – (2,4 4,4 6) 1,576,871 (1,154,82 ) (4,939) (126,580) – – (1,286,347) of year 46,59 ,435 3,1 0,203 37,0 6,495 5,575 14 13,773,886 106,151,165 depreciat on nni g of year 16,210,041 1,596,790 31,246,690 5,4 0 508 – 54,484,029 1,9 6,24 37 ,993 1,841,10 144 638 – 4,275,974 (1,154,82 ) (2,675) (108,830) – – (1,266,33 ) of year 16,971,455 1,968,108 32,978,961 5,575 146 – 57,493,670 ue, end of year 29,623,980 1,162,095 4,097,534 – 13,773,886 48,657,495 cquir d repre nt purch ses of property and equipment which were not yet in operation and on which n has been charged. lic Workers’ Co-operative Credit Union Lim ted te Financial Statem n s ollars) 38 uipment pment is comprised of th following: 2023 Land d buildings $ Motor vehicles $ Furniture and quipment $ Leasehold improvements $ As ets being acquired $ Total $ g of year 46,8 1,525 2,803 619 34,442,019 5,57 146 16,198 332 105,860,641 908,73 331,52 2,761,056 – (2,424 446) 1,576 8 1 (1,154 828) (4,939) (126,580) – – (1,286 347) ar 46,595 43 3,130 203 37,076,495 5,57 146 13,77 886 10 ,15 , 65 reciation g of year 16,2 0,041 1,596 7 0 3 ,246,690 5,430 508 – 54,484,029 1,916 242 373,99 1,841,10 144,638 – 4,275,9 4 (1,154 828) (2,675) (108,830) – – (1,266,333) ar 16,971 455 1,968 10 32,978, 61 5,57 ,146 – 57,493,670 nd of ye r 29,6 3 980 1,162 095 4,097,534 – 13,77 ,886 48,657,495 red r p sent purchases of prope ty and equipment which were not yet in opera i n and o hich s been charg . Workers’ Co- perative Credit Union Lim ted Fin nci l Statem ts lars) 38 pment nt is co prised of th following: 2023 Land and buildings $ Motor veh cle Furniture and equipm nt Leasehold improvements $ Assets being acquired Total year 46,841,525 2 03 619 34 442 0 5,575,146 16 198 332 105,860 641 908,738 331 523 2,76 056 – (2,424,446) 1 576 871 (1,154,828) ( 939 (126 580 – (1,286,347) 46,595, 35 3 1 0 203 37 076 495 5,575,146 13 7 3 88 106,151 1 5 i tion year 16,210,041 1 596 790 31 24 6 5,430,508 – 54,484,029 1,9 6,242 373 993 1,841 101 144,638 – 4,275,974 (1,154,828) (2 675 (108 830 – (1,266,333) 16,971,455 1 68 108 32 7 961 5,575,146 – 57,493,6 0 of y ar 29,623,980 1 162 095 4 097 534 – 13,773,886 4 657 95 represent urchases of prope ty and quipment wh ch were no yet in operatio and on which een c arged. Public Workers’ C -operative Credit Union Limited Separate Financial Statemen s 23 arbados dollars) 38 and equipment nd equipment is comprised of the following: 2023 Land and buildings $ otor vehicles $ Furniture and equip ent $ Leasehold improvements $ Assets being acquired $ Total $ eginning of year 46,841,525 2,803,619 34,442,019 5,575,146 16,198,332 105,860,64 transfer 908,738 331,523 2,761,056 – (2,424,446) 1,576,871 (1,154,828) (4,939) (126,580) – – (1,286,347) nd of year 46,595,435 3,130,203 37,076,495 5,575,146 13,773,886 106,151,165 ted depreciation eginning of year 16,210,041 1,596,790 31,246,690 5,430,508 – 54,484,029 on 1,916,242 373,993 1,841,101 144,638 – 4,275,974 (1,154,828) (2,675) (108,830) – – (1,266,333) nd of year 16,971,455 1,968,108 32,978,961 5,575,146 – 57,493,670 value, end of year 29,623,980 1,162,095 4,097,534 – 13,773,886 48,657,495 ng acquired represent purchases of prope ty and equipment which were not yet in operation and on which ation has been charged. e , e , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , e , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , r .
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