83 CONSOLIDATED FINANCIAL STATEMENTS 2025 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 …continued 2024 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets bei acquir Cost Balance, beginning of year 51,865,592 11,831,169 40,459,259 6,292,438 13,773,8 Additions/transfer 134,653 2,567,794 778,028 127,707 1,323,7 Disposal – (3,150,189) (63,143) (1,027) (388,5 Balance, end of year 52,000,245 11,248,774 41,174,144 6,419,118 14,709,0 Accumulated depreciation Balance, beginning of year 18,346,052 6,755,082 35,169,176 5,898,913 Depreciation 2,472,300 1,632,484 1,967,944 60,772 Disposal – (2,435,206) (62,365) (662) Balance, end of year 20,818,352 5,952,360 37,074,755 5,959,023 Net book value, end of year 31,181,893 5,296,414 4,099,389 460,095 14,709,0 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 Limi ed e Consolidated Financial Statements 2025 Barbados dollars) 4 ty and Equipment …continued 2024 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets being acquired $ Total $ , beginning of ye r 51,865,592 11,831,169 40,459,259 6,292,438 13,773,886 124,222,344 ns/transfer 134,653 2,567,794 778,028 127,7 7 1,323,700 4,931,882 l – (3,150,189) (63,143) (1,027) (388,563) (3,602,922) , end of year 52,000,245 11,248,774 41, 74,144 6,4 9,1 8 14,709,023 125,551,304 ulated depreciation , beginning of ye r 18,346,052 6,755,082 35,169,176 5,898,9 3 – 66,169,223 ation 2,472,300 1,632,484 1,967,94 60,772 – 6,133,500 l – (2,435,206) (62, 65) (662) – (2,498,233) , end of year 20,818,352 5,952,360 37,074,755 5,959,023 – 69,804,490 k value, end of year 31,181,893 5,296,4 4 4,099,389 460,095 14,709,023 55,7 6,814 eing acquired represent purchases of property and equipment which wer not yet in operation a d h no depreciation has been charged. rbados Public Workers’ Co-operative Cred t Union Lim ted s t the Consolidated Financial Statements rch 31, 2025 ressed in Barbados dollars) Property and Equipment …continued 2024 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets being acquired $ Cost Balance, beginning of y ar 51,865,592 11,831,169 40,459,259 6,292,438 13,773,886 12 , Additions/transfer 134,653 2, 67,794 778,028 127,707 1,323,700 4, Disposal – (3,150,189) (63,143) (1,027) (388,563) (3, Balance, nd of year 52,000,245 11,248,774 1,174,144 6,419,118 14,709,023 125, Accumulat d depreci ion Balance, beginning of y ar 18,346,052 6,755,082 35,169,176 5,898,913 – 66, Depreciation 2,472,300 1,632,484 1,967,944 60,772 – 6, Disposal – (2,435,206) ( 2,365) (662) – (2, Balance, nd of year 20,818,352 5,952,360 37,074,755 ,959,023 – 69, Net book value, nd of year 31,181,893 5,296,414 4,099,389 460,095 14,709,023 55, Assets be ng acquired represent purchases of prop rty and equipment which were ot yet in opera ion a d o which no depreciation has be n charged. ados Public Workers’ Co-operative Credit Union Limited o the Consolidate Fina cial Stat ments 31, 2025 d in Barbados dollars) perty and Equipment …continued 2024 Land buildings $ Motor vehicl s $ Furnit e and equipment $ L asehold improvements $ Asset b ing acquired To t nc , beg ning of year 51,865,592 11,831,169 40,459,259 6,292,438 13 773 886 124 2 2 3 itions/transfer 134,653 2,567,794 7 8,028 127,707 1,323 7 0 4 931 8 osal – (3,150,189) (63,143) (1,027) (388 563 (3,602 9 nce, end of year 52,000,245 11,248,774 41,17 ,1 4 6, 9,118 14 70 023 125 551 3 mulated d pre iation nc , beg ning of year 18,346,052 6,755,082 35,169,176 5,898,913 – 6 ,1 9,2 reciation 2,472,300 1,632,484 1,967,9 4 60,772 – 6,133,5 osal – (2,435,206) (62,3 5) (662) – (2,498,2 nce, end of year 20,818,352 5,952,360 37,074,755 5,959,023 – 69,804,4 book value, end of year 31,181,893 5,296,414 4,099,389 460,095 14,709 023 55 46 8 ts being acqui ed r pr sent purchases of roperty and equipment which were not yet in operatio and which no depreciation as be n charged. C l t n t n n p e h c r p b Public Workers’ Co- perative Cr dit Union Limited Consolidated Financial Statemen s 25 rbados dollars) 45 and Equipment …continued 2024 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leas hold improvements $ Asset being acquired $ Total $ ginni g of year 51,865,592 11,831, 69 40, 59,259 6,292, 38 13,773,886 124, 22,344 ransfer 134,653 2,567,794 778,028 127, 07 1,323,700 4,931,882 – (3,150,189) (63,143) (1,027) (388,56 ) (3,602,922) d of year 52,000,245 11,248,774 41,174, 4 6,419, 18 14,709, 23 125,5 ,304 ed depreciation ginni g of year 18,346,052 6,755,082 35,169,176 5,898, 13 – 66,1 9,223 n 2,472,300 1,632,484 1,967,944 60,772 – 6,133,500 – (2,435,206) (62,365) (6 ) – (2,498,233) d of year 20,818,352 5,952,360 7,0 4, 55 ,9 9, 23 – 69,804,490 alue, end of year 31,181, 93 5,296,414 4,099,389 460, 5 14,709, 23 55,746,814 g acquired rep esent purchases of p o erty and equipme t which ere not y t in operation and o depr ciati n h s been charged. u lic Workers’ Co- perative Credit Union Limited nsolidat d Financ al Statements do dollars) 45 d Equipme t …conti ued 2024 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leas hold improvem nts $ As t being acquired $ Total $ n g of year 51,865,592 11,831,169 40,459,259 6,2 2,438 13,77 ,886 124,222,344 sfer 134,653 2,567,794 778,028 127,707 1,323,700 4,931,882 – (3,150,189) (63,143) (1,027) (388,56 ) (3,602,922) f y r 52,000,24 11,248,774 41,174,1 6, 19, 8 14,709, 23 125,5 1,304 depreciation n g of year 18,346,052 6,75 ,082 35,169,176 5,898, 13 – 66,1 9,223 2,472,300 1,6 2,484 1,967,944 60,772 – 6,133,500 – (2,435,206) (62,365) (662) – ( ,498,233) f y r 20,818,35 5,9 2,360 37,074, 55 5,9 9,023 – 69,804,490 e, end of year 31,181, 9 5,296,414 ,099,389 460,095 14,7 , 23 5 ,746,814 cquired rep sent purchases of prop ty and equipment whic were not y t in operatio and epr ciation h s be n c arged. lic Workers’ Co- perative C edit Union Limited idated Financia St tem ts ollars) 45 quipment …continued 2024 Land and buildings $ Motor veh cle Furniture and equipment Leasehold improvements $ A set being acquired Total g of year 51,865,592 1 , 31,169 40, 59,25 6,29 ,438 13 773,886 124,222,3 4 134,653 2, 67,794 778 028 127,707 1 3 3, 0 4 931,882 – (3,150,189) (63 43) ( ,027) (388,56 ) 3 602,922) ar 52,000,245 11,248,774 4 ,174,1 6, 19,118 70 ,023 125,55 ,304 pre iation g of year 18,346,052 7 5 82 35,169,176 5,898,913 – 66,1 9,223 2,472,300 1 63 484 ,967,94 60,772 – 6,133,500 – (2,435,206) (62 365) (662) – (2,498,233) ar 20,818,352 5 9 60 37,074, 55 ,959,023 – 6 ,804,4 0 nd of year 31,181,893 5 2 6 414 4,0 9,389 460,095 14 709, 23 55 746,814 red rep esent purchas s of property and quipment which were not y in operation and ciation h s b en c rged. 1 o
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