71 SEPARATE FINANCIAL STATEMENTS 2024 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2024 (expressed in Barbados dollars) 12 Property and equipment Property and equipment is comprised of the following: 2024 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets acq Cost Balance, beginning of year 46,595,435 3,130,203 37,076,495 5,575,146 13,77 Additions/transfer – 207,207 780,041 – 1,32 Disposal – (108,100) (4,835) – (38 Balance, end of year 46,595,435 3,229,310 37,851,701 5,575,146 14,70 Accumulated depreciation Balance, beginning of year 16,971,455 1,968,108 32,978,961 5,575,146 Depreciation 1,765,783 307,746 1,624,681 – Disposal – (7,207) (4,202) – Balance, end of year 18,737,238 2,268,647 34,599,440 5,575,146 Net book value, end of year 27,858,197 960,663 3,252,261 – 14,70 Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreci Barbados Public Workers’ Co-operative C ed t Union Lim ted Notes to the Separate Financi l Statements March 31, 2024 expressed in Barbados dollars) 2 Property and equipme t Property and equipment is com rised of the following: 2024 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets being acquired $ Cost Balance, beginning of y ar 46,595,435 3,130,203 37, 76,495 5,575,146 13,773,886 1 Additions/transfer – 207,207 780,041 – 1,323,700 Disposal – (108,100) (4,835) – (388,563) Balance, end of year 46,595,435 3,229,310 37,851,701 5,575,146 14,709,023 1 Accumulated depreci ion Balance, beginning of y ar 16,971,455 1,968,108 32,978,961 5,575,146 – Depreciation 1,765,783 307,746 1,624,681 – – Disposal – (7,207) (4,202) – – Balance, end of year 18,737,238 2,268,647 34,599,440 5,575,146 – Net book value, end of year 27,858,197 960,663 3,252,261 – 14,709,023 Assets being acquired represent purchases of property and equipment which were not yet in opera ion and on which no deprec ation has been b dos Public W rkers’ Co- perative Credit Unio Limited to the Separate Financial St teme ts h 31, 2024 sed in Barbados dollars) roperty and equipm nt operty and equipment is comprised of the following: 2024 Land and buildings $ Motor vehicle Furnit e and equipment Leasehold improveme ts $ Ass ts being acquired T ost alance, beginning of year 46,595,435 3,130,20 37,076,495 5,575,146 13,7 3,886 106 15 dditions/ ra fer – 207,207 780 041 – 1,323,700 2 1 isposal – (108,10 ) (4 835 – (388,563) 50 alance, e d of year 46,595,435 3,229,310 37,851,701 5,575,146 14,709,023 107 96 ccumulated depre iation alance, beginning of year 16,97 ,455 1,968,108 32, 78,961 5,575,146 – 57,49 epreciation 1,765,783 307 746 1,624,681 – 3,69 isposal – (7,207) 4 2 2 – (1 alance, e d of year 18,737,238 2,268,647 34,599,440 5,575,146 – 61,18 et book value, end of year 27,858,197 960 663 3,252,261 – 14,709,023 46 8 ssets being acquired repres nt purchases of property and quipment which were not yet in operation nd on which no depreciation has been char dos Public Workers’ Co-operative Credit Union Limited he Separate Financial Statements , 2024 in Barbados dollar ) erty and equipment ty and equipment is comprised of the following: 2024 Land n buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets b ing acquired $ Tota $ ce, begin ing of ye r 46,595 43 3,130 203 37,076 495 5,5 146 13,77 886 10 , 51 6 ons/transfer – 207, 780,041 – 1,323 700 2,310 94 sal – (108, 0) (4,835) – (388,563) (501,49 ce, end of year 46,595 43 3,229 310 37,851 70 5,5 146 14,709 023 107,960 61 mulated d preciation ce, begin ing of ye r 16,971 455 1,968 10 32,978 61 5,57 146 – 57,493 67 ciation 1,765 83 307,746 1,624 81 – – 3,698 21 sal – (7,20 ) (4,202) – – (11,40 ce, end of year 18,737 2 8 2,268 647 34,599 440 5,57 146 – 61,180 47 ook value, end of year 27,858 197 960,6 3 ,252 61 – 14,709 023 46,780 14 b ing acquired represent purchases of prop ty and equipment which were not yet in operatio and o which no depreciation has been charg d. s Public Workers’ Co-operative Cr dit Union Lim ted Separat Financial Statemen s 024 Barbados dollar ) 37 y and equipment and equipm nt is comprised of th f llowing: 20 4 Land and build ngs $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Asset being acqui ed $ Tot l $ beginning of y ar 46,595, 35 3,1 0,203 37,0 6,495 5,575,146 13,773,886 106,151, 65 s/transfer – 207,207 780,041 – 1,323,700 2,310,948 – (108,100) (4,835) – (388,563) (501,498) end of year 46,59 , 35 3,229,310 37,851,701 5,575,146 14,709,023 107,960,615 ated depreciat on beginning of y ar 16,971,455 1,968, 08 32,978,961 5,575,146 – 57,493,6 0 ion 1,765,783 307,746 1,624,681 – – 3,698,210 – (7,207) (4,20 ) – – (11,409) end of year 18,737,238 2,268,647 34,599,440 5,575,146 – 61,180,471 value, end of year 27,858,197 960, 63 3,252,261 – 14,709,023 46,780, 4 ing acquired rep esent purchases of property and equipm nt which were not yet in op ration a d whic o depreciation has been charged. Public Workers’ Co-op rative Cr dit Union L mited parat Financial Statemen s ados llar ) 37 nd equi ment equipment is comprised of he f llowing: 2024 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold i provements $ Assets being acquired $ Total $ nning of y ar 46,595 43 ,130 203 37,076 495 5,575,146 3,773 886 106, 51 65 nsfer – 207, 780,041 – ,323 700 2,310 948 – (108, 0) (4,835) – (388,56 ) (501,498) of year 46,595 43 ,229 310 7,851 70 5,5 5,146 ,709 023 1 7,960 615 d depreciation nning of y ar 16,971 455 1,968 10 32,978 61 5,575,146 – 57,493 670 1,765 83 30 ,746 1,624 81 – – 3,698 210 – (7,20 ) (4,202) – – (11,409) of year 18,737 2 8 2,268 647 3 ,599 440 5,575,146 – 61,180 47 ue, end of year 27,858 197 960,6 3 3,252 61 – 14,709 023 6,780 144 acquired rep esent purcha s of prop rty and equipment which wer not yet in o eration and o which no depreci ti n has been charged. blic Workers’ Co-operative Credit Uni n Lim ed a e Fin nci l Statements s llars) 37 quipment pment is compri d of the following: 2024 Land buildings $ Motor veh cles $ Furniture and equ pment $ Leasehold i prove ents $ As ets being acquired $ Total $ ng of year 46,595,43 3,130,203 37,076,495 5,57 ,146 13,773,886 106, 51, 65 r – 207, 780,041 – 1,323,700 ,310,948 – (108, 0) 4,835) – (388,563) (501,498) ar 46,595,435 3,229,310 37,851,701 5,57 ,146 14, 09,023 10 ,960,615 pr ciation ng of year 16,971,455 1,968,108 32,978, 6 5,57 ,146 – ,493,670 1,765, 83 30 ,746 1,624, 81 – – 3,698,210 – (7,20 ) (4,20 ) – – (11,409) ar 18,737,2 8 2,268,647 34,599,440 5,57 ,146 – 61,180,471 nd of year 27,858,197 960,6 3 3,252, 61 – 14,709,023 46,780,144 uir d r present purchases of roper y and equipment which were not yet i operati n and on which depreciation as been charged.
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