72 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED 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 …continued 2023 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets bein acquire Cost Balance, beginning of year 46,841,525 2,803,619 34,442,019 5,575,146 16,198,33 Additions/transfer 908,738 331,523 2,761,056 – (2,424,44 Disposal (1,154,828) (4,939) (126,580) – Balance, end of year 46,595,435 3,130,203 37,076,495 5,575,146 13,773,88 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 – 13,773,88 Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciatio rbados Public Workers’ Co-operative C edit Union Lim ted es to the Separate Financial Statements ch 31, 2024 essed in Barbados dollars) Property and equipme t …continued 2023 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets being acquired $ Cost Balance, beginning of y ar 46,841,525 2,803,619 4,442,019 5,575,146 16,198,332 105,8 Additions/transfer 908,738 31,523 2,761,056 – (2,424,446) 1,5 Disposal (1,154,828) (4,939) (126,580) – – (1,2 Balance, end of year 46,595,435 3,130,203 37, 76,495 5, 75,146 13,773,886 106,1 Accumulated depreci ion Balance, beginning of y ar 16,210,041 1,596,790 31,246,690 5,430,508 – 54,4 Depreciation 1,916,242 373,993 1,841,101 44,638 – 4,2 Disposal (1,154,828) (2,675) (108,830) – – (1,2 Balance, end of year 16,971,455 1,968,108 32,978,961 5,575,146 – 57,4 Net book valu , end of year 29,623,980 1,162,095 4,097,534 – 13,773,886 48,6 Assets being acquired represent purchas of property and equipment which were not yet in operation and on which no deprec ation has b en ch dos Public Workers’ Co- perative Credit Unio Limited the Separate Financi l St me ts 1, 2024 d in Barbados dollars) perty and equipment …continued 2023 Land a buildings $ Motor veh cl Furnit e and equipment Leasehold improvements $ Ass ts b ing acquired Tot nce, beginning of year 46,841,525 2 803 619 34 442 0 5,575,146 16 198 332 105,860,6 tions/tra sfer 908,738 331 523 2,76 056 – (2,424,446) 1,576,8 osal (1,154,828) ( 939 (126,580 – – (1,286,3 nce, end of year 46,595,435 3 130 203 37 076 495 5,575,146 13 773 886 106, 51,1 mulated depreciation nce, beginning of year 16,210,041 1 596 790 3 24 6 5,430,508 – 54,484,0 eciation 1,916,242 373 993 1,841 101 144,638 – 4,275,9 osal (1,154,828) (2 675 (108,830 – – (1,266,3 nce, end of year 16,971,455 1 968 108 32 97 961 5,575,146 – 57,493,6 book value, end of year 29,623,980 1 162 095 4 097 534 – 13,773,886 48,657,4 s being acquired repres nt purchases of pr perty and equipment which were not yet in operatio and on which n depreciation has been charged s Public Workers’ Co-ope ative redit Un on L m ted S parate Financial tatements 024 Barbados d ll r ) 38 y and equipment …continued 2023 Land and buildings $ Motor vehic es $ Furniture and quipm nt $ Leasehold improvements $ Asset being acquired $ Total $ begi ning of year 46,841,525 2,803,6 9 34,442,019 5,575,146 16,198,332 105,8 0,641 s/transfer 908,738 331,523 2,761,056 – (2,424, 46) 1,576,8 (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, 51, 65 ated depreciation begi ning of year 16,210,041 1,596,7 0 31,246,690 5,430,508 – 54,484,029 tion 1,916,242 373,993 1,841,10 44,638 – 4,275,9 (1,154,828) (2,675) (108,830) – – (1,266,333) end of year 16,971,455 1,9 8,108 32,978, 61 5,575,146 – 57,493,670 k value, end of year 29,623,980 1,162,095 4,097,53 – 13,773,886 48,657,495 ing acquired epres nt purchases of property and quipment which were not yet in operation and on which no depreciation has been charged. Public Workers’ Co- perative Cr dit Union Limited para Financial Stat m n s 4 b dos doll rs) 38 nd equipment …continued 2023 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leas hold improvem nts $ Assets being acquired $ Tot l $ inn g of year 46,841,525 2,803,619 34,4 2,019 5,575,146 16, 98,332 105,860, 4 ansfer 908,738 331,523 2,761,056 – (2,4 4,4 6) 1,576,871 (1,154,828) (4,939) (126,580) – – (1,286,347) d of year 46,595, 35 3,1 0,203 37,0 6,495 5,575,146 13,773,886 106,151,1 5 d depr ciation inn g of year 16,210,041 1,596,790 31,246,690 5,430,508 – 54,484,029 n 1,9 6,242 373,993 1,841,101 144,638 – 4,275,974 (1,154,828) (2,675) (108,830) – – (1,266,333) d of year 16,971,455 1,968,108 32,978,961 5,575,146 – 57,493,6 0 lue, end of year 29,623,980 1,162,095 4,097,534 – 13,773,886 48,657, 95 acquired rep sent pu chases of pro erty and equipment whic w re not yet in operat on a d which no depr ciation has been charged. blic Wo kers’ Co-operative Cr di Union Lim ted ate Financial S atemen s os ollar ) 38 equi ment …continued 2023 Land n buildings $ Motor vehicles $ Furniture and equipment $ Le sehold i prov ments $ Assets being acqu red $ Total $ ng of year 46,841,525 ,803 619 34,442 019 5,575 146 6,198 332 105, 60 64 er 908,73 331,523 ,761 056 – (2,424,446) 1,576 871 (1,154,828) (4,939) 126,580) – – (1,286,347) year 46,595 3 ,130 203 37, 76 495 ,57 146 3,773 886 106, 5 165 epreciation ng of year 16,210,041 1,596 790 31,246 690 5,43 508 – 54,484 029 1,916 242 373,99 1,841 101 144,638 – 4,275 974 (1,154,828) (2,675) 108,830) – – (1,266,333) year 16,971 455 1,968 108 32,978 961 5,575 146 – 57,493 670 end of year 29,623 980 1,162 95 4,097 34 – 13,773 886 4 ,657 495 uired represent purchases of pro e ty nd equipm nt which were not yet in op rati n and which n depreci tion has been charged. c Workers’ C -operative Credit Uni n L m t d Financial S ateme ts ll s) 38 pm nt …continued 2023 Land buildings $ Motor veh cl s $ Furniture and equ pment $ Leasehold improvements $ Assets being acquired $ Total $ f year 46,8 1,525 2,803 619 3 ,44 019 5 57 146 16,198 332 105, 60,641 908,73 331,523 2,761 056 – (2,424 46) 1,576,87 (1,154 828) (4,939) (126,580) – – (1,286,347) 46,595 43 3,130 20 7,076 495 57 146 13,77 886 106,151, 65 ciation f year 16,2 0,041 ,596 790 3 ,246 690 5 43 508 – 54,48 ,029 1,916 242 373,993 ,841 10 144,638 – ,275,9 (1,154 828) ( ,675) (108,830) – – (1,266,333) 16,971 455 1,968 108 32,978 61 5 57 146 – ,493,670 f year 29,6 3 980 1,162 95 4,0 7 3 – 13,77 ,886 48, 5 ,495 d repres nt pu chases of per y and quipment which were no y t in p rat on and on which o depreciat on as been charg d.
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