67 SEPARATE FINANCIAL STATEMENTS 2023 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 …continued 2022 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets b acqu Cost Balance, beginning of year 44,866,702 2,907,990 32,997,653 5,575,146 16,327 Additions/transfer 1,974,823 101,405 1,453,215 – (129 Disposal – (205,776) (8,849) – Balance, end of year 46,841,525 2,803,619 34,442,019 5,575,146 16,198 Accumulated depreciation Balance, beginning of year 14,351,637 1,426,492 29,374,027 5,015,928 Depreciation 1,858,404 354,273 1,881,512 414,580 Disposal – (183,975) (8,849) – Balance, end of year 16,210,041 1,596,790 31,246,690 5,430,508 Net book value, end of year 30,631,484 1,206,829 3,195,329 144,638 16,198 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 Credit Union Lim ed the Separate Financial Statements 1, 2023 d in Barbados dollars) perty and equipment …continued 2022 Land and buildings $ Motor veh cles $ Furniture and equipment $ Leasehold improvements $ Assets being acquired $ Tot nce, beginning of ye r 44,866,702 2,907,990 32,997,653 5,575,146 16,327,938 102,675,4 tions/transfer 1,974,823 101,405 1,453,215 – (129,606) 3,399,8 osal – (205,776) (8,849) – – (214,6 nce, end of year 46,841,525 2,803,619 34,442,019 5,575,146 16,198,332 105,860,6 umulated depreciation nce, beginning of ye r 14,351,637 1,426,492 29,37 ,027 5,015,928 – 50,168,0 eciation 1,858,404 354,273 1,881,512 414,580 – 4,508,7 osal – (183,975) (8,84 ) – – (192,8 nce, end of year 16,210,041 1,596,790 31,246,690 5,430,508 – 54,484,0 book value, end of year 30,631,484 1,20 ,829 3,195,329 144,638 16,198,332 51,376,6 ts being acquired represent pur hases of prop r y and equipment which were not y t in operation a d on which epreciation has been charged. arb do Pu ic Workers’ o ope a C e U Notes t the Sep ate ina i l t t t , (expre sed in ll 12 Prope ty a d i ti d a b il ing ot v i les i and q i me t ease old im ve en s q Bal c , i ning of year 44, 66,70 2, 07, 32,997, 3 5, 75,146 1 , 27 d iti /t er , 7 ,8 3 0 , , 3, – ( 29 i l 05, 6) 8, l e, yea 46, 4 ,525 2, 3, 34,4 2, 9 5, 75,146 16, 98 Acc l i i Bal c , i ning of year 1 , 51,637 1, 26, 29,374, 7 , ,928 i ti 1, 58,4 4 4, 1,8 1, , 0 i l 3, 5) 8, l e, yea 16, 10,04 1, 9 , 1,246, 0 5, ,508 Net boo l e, of ar 30, 31,4 4 , 06, 3,195, 44, 38 16, 98 As ts being c uired epre ent purc as s property an quipm nt which were n t yet i ope tio i n epr ci tion has . arbados Public Workers’ Co-operative Cred t Union Limited otes to the S parate Financial Statements arch 31, 2023 xpressed in Barbado dollars) 2 Property and equipme t …continued 2022 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets being acquired $ Cost Balance, beginning of y ar 44,866,702 2,907,990 32, 97,653 5,575,146 16,327,938 10 Additions/transfer 1,974,823 101,405 ,453,215 – (129,606) Disposal – (205,776) (8,849) – – Balance, end of year 46,841,525 2,803,619 34,442,019 5,575,146 16,198,332 10 Accumulated depreci tion Balance, beginning of y ar 14,351,637 1,426,492 29,374,027 5,015,928 – 5 Depreciation 1,858,404 354,273 ,881,512 414,580 – Disposal – (183,975) (8,849) – – Balance, end of year 16,210,041 1,596,790 31,246,690 5,430,508 – 5 Net book value, end of year 30,631,484 1,206,829 3,195,329 144,638 16,198,332 5 Assets being acquired represent purchas of property and equipment which were not yet in operati and on which no depreciation has b en charged. dos Public Workers’ Co-operative Credit Union Limited o the Separa Financial Statements 31, 2023 ed in Barbados dollars) operty and equipm n …contin ed 20 2 Land and buildings $ Motor vehicles $ Furnitu e and equipment $ Leasehold improve s $ Assets being acquired $ T st ance, begi ning of year 4,8 6,702 2,907, 90 32, 97,653 5,575,146 16,327,938 102,675 ditions/tra sfe 1,974,823 101,405 1,453,21 – (129,606) 3,3 9 posal – (205, 76) (8,849) – – (214 ance, end of year 46,841,525 2,803,619 34, 42,019 5,575,146 16,198, 32 105,86 cumulate depreciation ance, begi ning of year 14,35 ,637 1,426,492 29,374,02 5,015,928 – 50,168 preciation 1,858,404 354,273 1, 81,512 414,580 – 4,508 posal – (183,975) (8,849) – – (192 ance, end of year 16,210,041 1,596,790 31,246,690 5,430,508 – 54,484 t book value, end of year 30,631,484 1,206,829 3,195,32 1 4,638 16,198, 32 51,376 sets being acquired represe t purchases of property and equipment which w re not yet in operation and on which depreciation has been charged. dos Public Workers’ Co-operative Credit Un on Limited th Separate Financial Statem nts 1, 202 in Barbados dollars) erty and equipment …conti ued 20 2 Land and buildings $ Motor vehicles $ Furniture and equipm nt $ Leasehold improvements $ As ets being acquired $ Tota ce, begin ing of year 4 ,866,702 2,907,990 32,997,653 5,57 ,146 16,327,938 102,675,42 ions/transfer 1,974,823 101,405 1,453,2 5 – (129,60 ) 3,399,83 osal – (205,7 6) (8,849) – – (214,62 ce, nd of y ar 46,841,52 2,803,6 9 34,442, 19 5,57 ,146 16,198,332 105,8 0,64 mulated depreciation ce, begin ing of year 14,351,637 1,426,492 29,374,027 5,015,928 – 50,168,08 eciat on 1,85 ,40 354,273 1,881, 12 41 ,580 – 4,508,76 osal – (183,975) (8, 49) – – (192,82 ce, nd of y ar 16,210,041 1,596,790 31,246,690 5,430,508 – 54,48 ,02 ook value, nd of year 30,631,484 1,2 6,829 3,195,329 144,6 8 16,198,332 51,376,61 s being acquired repre ent purchases of prop rty and equipment which were not yet in operation and on which preciat on has be n cha ged. os Public Workers’ Co-operative Credit Unio Limited e Separat Financial St tements 20 3 Barbados dollars) 39 ty and equipment …conti ued 20 Land and build ngs $ Motor vehicl s $ Furnit e and equipment $ Leasehold i provements $ Asset being acquired $ Total $ b ginning of year 44,866,702 2,907,990 32,997,653 5,575 146 6,327,938 102,675,429 ns/transfer 1,974,823 101,405 1,453,2 5 – (129,60 ) 3,399,837 – (205,776) (8,849) – – (214,625) e d of year 46,841,52 ,803, 19 34,4 2,019 5,575 1 6 6, 98,332 105,860, 4 lated depreciation b ginning of year 14,351,637 1,426, 92 2 ,374,027 5,015 928 – 50,168,0 4 ation 1,858,40 354,273 1,881,5 2 414 5 0 – 4,508,769 – (183,975) (8,849) – – (192,8 4) e d of year 16,210,041 1,596,790 31,246,690 5,4 0 508 – 54,484,029 k value, end of year 30,631,48 1,206,829 3,195,329 144 638 16, 98,332 51,376, 2 eing acquir d pre nt purch ses of pro erty and equipment which were not yet in operation and on whic ciation has been charged. Pu lic Workers’ Co-operative Credit Union Limited parate Fin ncial S atemen s 3 bados llars) 39 nd equipment …co tinued 202 Land and buildings $ Motor vehicles $ Furniture and quipment $ Leasehold mprove ents $ As t being acquired $ Total $ ginning of year 44,866,702 2,907, 90 3 ,997,653 5,57 ,146 16,327,938 02,675,4 9 ansfer 1,974,823 101,4 5 1,453,2 5 – (129,606) 3,399,8 7 – (205,776) (8,849) – – (214,625) d of ye r 46,841,525 2,803,619 34,442,019 5,57 ,146 16,198,332 05,860,64 d depreciation ginning of year 14,351,637 1,426, 92 29,374,027 5,01 ,9 8 – 50,168,084 n 1,858,404 354,27 1,88 ,5 2 414,580 – 4,508,769 – (183,975) (8,849) – – (192,824) d of ye r 16,210,041 1,596,7 0 3 ,246,690 5,430,508 – 54,48 ,029 lue, end of ye r 30,631,484 1,206,829 3,195,329 144,638 16,198,332 51,376,6 2 acquired r p esent urchases of prope ty and equipment which were not y t in opera i n and o which ion h s bee charge . blic Workers’ Co- perative Credit Union Limited rat Fin nci l Statem nts os dollar ) 39 equipment …co ti ed 202 Land and buildings $ Motor vehicle Furniture and equipm nt Leasehold i provements $ Asset being acquired Total ing of year 44,866,702 2 907 990 3 , 9 653 ,5 5,146 16 27 938 102,675 429 er 1,974,823 101 405 1,4 3 21 – (129,606) 3,39 8 7 – (205,776) (8 849 – (214,625) y ar 46,841,525 2 03 619 4,442 0 5,575, 46 16 198 332 105,860 641 epr i tion ing of year 14,351,637 1 426 492 29,374 027 5,015,928 – 0,168,084 1,858,404 3 4 273 1,881 512 4 4,580 – 4,5 8,769 – (183,975) (8 849 – (192,8 4) y ar 16,210,041 1 596,790 3 ,246 6 5,430,5 8 – 54,4 4,029 , end of y ar 30,631,484 1 206,829 3,1 5 3 144,638 16, 98 3 2 51 376 61 quir d r present purcha s of prope ty and equipment wh ch were not ye in opera ion a d n which has been c rged.
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