82 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Consolidated Financial Statements March 31, 2025 (expressed in Barbados dollars) 14 Property and Equipment Property and equipment is comprised of the following: 2025 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets bein acquir Cost Balance, beginning of year 52,000,245 11,248,774 41,174,144 6,419,118 14,709, Additions/transfer – 2,982,793 1,841,693 – 2,507, Disposal – (1,633,192) (58,308) – Balance, end of year 52,000,245 12,598,375 42,957,529 6,419,118 17,216, Accumulated depreciation Balance, beginning of year 20,818,352 5,952,360 37,074,755 5,959,023 Depreciation 2,164,344 1,654,893 2,075,015 59,164 Disposal – -(1,405,399) – – Balance, end of year 22,982,696 6,201,854 39,149,770 6,018,187 Net book value, end of year 29,017,549 6,396,521 3,807,759 400,931 17,216, Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation has been charged. os Public Workers’ Co-operative Credit Union Limited e Consolidated Financial Statements 025 Barbados dollars) 44 ty and Equipment and equipment is comprised of the following: 2025 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets being acquired $ Total $ beginning of year 52,000,245 11,248,774 41,174,144 6,419,118 14,709,023 125,551,304 s/transfer – 2,982,793 1,841,693 – 2,507,126 7,331,612 – (1,633,192) (58,308) – – (1,691,500) end of year 52,000,245 12,598,375 42,957,529 6,419,118 17,216,149 131,191,416 lated depreciation beginning of year 20,818,352 5,952,360 37,074,755 5,959,023 – 69,804,490 tion 2,164,344 1,654,893 2,075,015 59,164 – 5,953,416 – -(1,405,399) – – – (1,405,399) end of year 22,982,696 6,201,854 39,149,770 6,018,187 74,352,507 k value, end of year 29,017,549 6,396,521 3,807,759 400,931 17,216,149 56,838,909 eing acquired represent purchases of property and equipment which were not yet in operation and h no depreciation has been charged. bados Pu lic Workers’ C -operative Credit Union Limited to the Consolidat d Fi ancial Sta ements h 31, 2025 ssed in Barbado dollars) roperty and Equipme t operty and equipment is comprised f the following: 2025 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ As ets being acquired $ ost alance, beginning of year 52,000,245 11,248,774 41,174,144 6, 19,118 14,709,023 125,5 dditions/transfer – 2,982,793 1,841,693 – 2,507,126 7,3 isposal – (1,633,192) (58,308) – – (1,69 alance, end of ye r 52,000,245 12,598,375 42,957,529 6,419,118 17,216,149 13 ,1 ccumulated depreciation alance, beginning of year 20,818,352 5,952,360 37,074,755 5,9 9,023 – 69,8 epreciation 2,164,344 ,654,893 2,075,015 9,164 – 5,9 isposal – -(1,405,399) – – – (1,40 alance, end of ye r 22,982,696 6, 01,854 39,1 9,770 6,018,187 74,3 et book value, end of ye r 29,017,549 6,396,521 3,807,759 400,931 17,216,149 56,8 ssets being acqui d r present purchases of property and equipment which were not yet in peration and n which no depreci tion has be n charged. dos Public Workers’ Co- perative Credit Union Limited the Consolidated Financial Statem ts 1, 2025 in B rbados d llars) erty and Equipment rty and equipment is comprised of the following: 2025 Land and buildings $ Motor vehicle Furniture and equipment Leasehold improv ments $ As ets being acquired Tot ce, beg ni g of year 52,000,245 11 248 774 4 17 4 6,4 9,118 14,70 ,023 125,551, ions/transfer – 2,982,793 1 841 6 – 2,507,126 7,331, o al – (1,633,192) (58 30 – (1,691,5 ce, end of year 52,000,245 1 598 37 4 957 529 6,4 9,118 17,2 6, 49 131,191, mulated depr ciation ce, beg ni g of year 20,818,352 5,952,360 37,074,755 5,959,023 – 69,804, eciation 2,16 ,344 1,654,893 2,075,015 59, 64 – 5,953, o al – -(1,405,399) – – (1,405,3 ce, end of year 22,982,696 6,201,854 39,149,770 6,018,187 74,352, ook value, end of year 29,017,549 6,396,521 3,807,759 400,931 17,216,149 56,838, being acquired present purchases of property and quipment which were not yet in operatio and hich no d preciation has been charged. s Public Workers’ Co-operative Credit Un on L m ted Consolidated Financial Statements 25 Barbados dollar ) 4 y and Equipment nd equipment is comprised of th following: 2025 Land nd buildings $ Motor vehicles $ Furniture and equipm nt $ Leasehold improve ents $ Assets being acquired $ Total $ begin ing of year 52,0 245 1 ,248 7 4 41,174 4 6,419 1 8 14,709 023 125,5 1,304 /transfer – 2,98 793 1,84 693 – 2,507 126 7,3 1 612 – (1,63 192) (58 30 ) – – (1,69 50 ) end of y ar 52,0 245 12,598 375 42,957 529 6,419 1 8 17,2 6 149 131, 9 ,416 ated d pr ciation begin ing of year 20,818 352 5,952 360 37,074 75 5,959 023 – 69,804 490 ion 2,164 34 1,654 893 2,075 1 59,164 – 5,953 416 – -(1,405 39 ) – – – (1,405 39 ) end of y ar 2 ,98 696 6,201 854 39,14 7 0 6,018 187 74,352 507 value, end of year 29,017 549 6,39 521 3,807 759 40 ,931 7,2 6 149 56,838 909 ng acquired represent purchases of prope ty and equipment which were not yet i operation and no depreciation has be n charged. Public Workers’ Co-operative Credit Union Limited onsolidated Fina cial Statements 5 rb dos dollars) 4 and Equipment d equipment is comprised of the foll wing: 2025 Land and build ngs $ Motor vehicles $ Furniture and equipment $ Leas hold improvem nts $ Asset being acquired $ Total $ ginning of year 52,00 , 4 11,248,774 41, 74, 4 6,419 18 4,709,023 1 5, 51,304 ansfer – 2,982,793 1,841,693 – 2,507,126 7,331,612 – (1,633, 92) (58,308) – – (1,691,500) d of year 52,00 , 4 12,598,375 42,957,529 6,419 118 7,216,149 131, 9 ,416 ed depreciation ginning of year 20,81 ,35 ,952,360 37,074 5 5,959 23 – 69,804,490 n 2,164,344 1,654,893 2,075 015 59 164 – 5,953,416 – -(1,405,399) – – – (1,405,399) d of year 22,982,69 6,201,854 39,149 770 6,018 87 74,352,50 alue, end of year 29,017,549 6,396,521 3,807 759 400 931 17,216,149 56,83 ,90 g acquired rep es nt purchases of prop rty and equipment which wer not yet in operatio and o depreciation has been charged. ublic Workers’ Co-operative Credit Unio L mited ns lidated Financial Sta ements ados d ll s) 44 d Equipment equipment is comprised of the ollowing: 20 5 Land an buildings $ Mot r vehicles $ Furniture and equipment $ Leasehold improve ents $ Asset being acquired $ Total $ nning of year 52,00 ,245 11,248,774 41,174, 44 6,419,1 8 14,709,023 25,551,30 nsfer – 2,982,793 1,841,693 – 2,507,126 7,331,61 – (1,633,192) (58,308) – – (1,691,500) of y ar 52,00 ,245 1 ,598,375 42,957,529 6,419,1 8 17,2 6,149 3 , 9 ,4 6 epreciation nning of year 20,81 ,352 5,952,360 37,074,755 ,95 ,023 – 69,804,490 2,164,344 1,654,893 2,075, 15 59,164 – 5,953,416 – -(1,405,399) – – – (1,405,399) of y ar 22,982,69 ,201,854 39,149,770 6,018,187 4,352,507 ue, nd of year 29,017,549 6,396,521 3,807,759 400,931 7,2 6,149 56,83 ,909 acqu red pres nt pu chase of property and equipment which w re not yet n operation and epreciati n has been charg d. blic Workers’ C - perative C edit Union L mited lidated Fi ancial Stateme ts ollars) 44 Equipment pm nt is compr sed of th following: 2025 Land and buildings $ Motor vehicles $ Furnit e and equ pm nt $ Leas hold improvements $ Asset being acquired $ Total $ ng of year 52,000, 45 11,248,774 1,174, 4 6 419, 18 14,709,023 125,551, 04 r – 2,982,793 1,841,693 – 2,507,1 6 7,331, 12 – (1,633, 92) (58,308) – – (1,691,500) ear 52,000, 45 1 , 98,375 4 ,95 ,529 6 41 , 18 17,216, 49 13 ,191,416 preciation ng of year 20,818,352 5,952,360 37 074, 55 9 9,023 – 69,804,490 2,164,344 1, 54,893 2 075,015 59,164 – 5,9 3,416 – -(1,405,399) – – – (1,405,399) ear 22,98 ,696 ,201,854 39 149,770 6 018, 87 74,352,507 end of year 29,017,549 6,3 6,521 3 807,759 400,931 7,216, 49 56,838, 09 ir d epresent purchases of property and quipm nt which were no y in p rat n and eciat on has been charged.
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