69 SEPARATE FINANCIAL STATEMENTS 2025 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2025 (expressed in Barbados dollars) 12 Property and equipment Property and equipment is comprised of the following: 2025 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets acq Cost Balance, beginning of year 46,595,435 3,229,310 37,851,701 5,575,146 14, Additions/transfer – 459,435 1,809,446 – 2, Disposal – (577,980) – – Balance, end of year 46,595,435 3,110,765 39,661,147 5,575,146 17, Accumulated depreciation Balance, beginning of year 18,737,238 2,268,647 34,599,440 5,575,146 Depreciation 1,592,482 305,451 1,821,789 – Disposal – (577,980) – – Balance, end of year 20,329,720 1,996,118 36,421,229 5,575,146 Net book value, end of year 26,265,715 1,114,647 3,239,918 – 17, 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 he Separate Financial Statements 2025 n Barbados dollars) 3 perty and equipment y and equipment is comprised of the following: 2025 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets being acquired $ Total $ e, beginning of year 46,595,435 3,229,310 37,851,701 5,575 146 14,709,023 107,960,61 ons/transfer – 459,435 1,809,446 – 2,507,125 4,776,00 al – (577,980) – – – (577,98 e, end of year 46,595,435 3,110,765 39,661,147 5,575 146 17,216,148 112,158,64 mulated depreciation e, beginning of year 18,737,238 2,268,647 34,599,440 5,575 146 – 61,180,47 iation 1,592,482 305,451 1,821,789 – – 3,719,72 al – (577,980) – – – (577,98 e, end of year 20,329,720 1,996,118 36,421,22 5,575 146 – 64,322,21 ok value, end of year 26,265,715 1,114,647 3,239,918 – 17,216,148 47,836,42 being acquired represent purch ses of property and equipment which were not yet in operation and ch no depreciation has been charged. Barbados Public Workers’ Co-operative Credit Union Lim ted Notes to the Separate Financi l Statements March 31, 2025 expressed in Barbados dollars) 12 Property and equipme t Property a d equipment is comprised of the following: 2025 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets being acquired $ Cost Balance, beginning of y ar 46,595,4 5 3,229,310 37,851,701 5,575,1 6 14,709, 23 Additions/transfer – 459,435 1,809,446 – 2,507,125 Disposal – (577,980) – – – Balance, end of year 46,595,4 5 3,110,765 39, 61,147 5,575,146 17,216, 48 Accumulated depreci ion Balance, beginning of y ar 18,737,238 2,268,6 7 34,599,440 5,575,146 – Depreciation 1,592,482 305,451 1,821,789 – – Disposal – (577,980) – – – Balance, end of year 20,329,720 1,996,118 36,421,229 5,575,146 – Net book valu , end of year 26,265,7 5 1, 14,647 3,239,918 – 17,216,148 Assets being acquired repre ent purchases of roperty a d equipment which were not yet in opera ion a d on whi h n depreciation has been charged. bados Public Workers’ Co-operative Credit U ion Limited t the Separa Fin nc l Statements h 31, 2025 ssed in Barbados dollars) P operty and equipm n operty and equipment is comprised o the following: 2025 Lan and buildings $ Motor v hicles $ F rniture and equipment $ Leasehold improve s $ Ass ts being acquired $ T ost alance, beginnin of year 46,595,435 3,229,310 37,851,701 5,575,146 14,709,023 1 7,9 ddition /transfe – 459,435 1,809,4 6 – 2,507,125 4,7 isposal – (577,980) – – – (57 alance, end of year 46,595,435 3,110,765 39,661,147 5,575,146 17,216,148 112,1 ccumulated depreciation alance, beginnin of year 18,737,238 2,268,647 34,599,440 5,575,146 – 61,1 epreciation 1,592,482 305,451 1,821,789 – – 3,7 isposal – (577,980) – – – (57 alance, end of year 20,329,720 1,996,118 36,421,229 5,575,146 – 64,3 et book value, end of year 26,265,715 1,114,647 3,239,918 – 17,216,148 47,8 ssets being acquired r present purchases of property and equipment which were not yet in operation and n which no depreciation has been charged. d s Pu lic Wo k rs’ o-operati e C edit nion Li t h Sep rat Fi ci l Stat nt 2025 n arbados dollars) operty a d equip ent ty and equip ent is comprised of the fo lowing: 02 Lan il ing Moto ve i les Furnitu a eq i me t e sehold i prov ments Assets b in ac i e tal e, beginning of y ar 46, 95,43 ,229,310 7,85 ,701 , 75,14 ,70 ,023 107,960,6 ons/transfer 45 , 3 1,809,4 6 ,50 ,12 4,776,0 al (57 ,98 ) – (57 ,98 , en of y ar 4 , 9 ,43 ,110,765 39,66 ,147 , 75,14 7,21 ,148 112,158,6 ulate d preciatio e, beginning of y ar 18, 37,2 2,268,647 3 ,59 ,440 , 75,14 – 6 ,18 ,4 ciatio ,592,48 30 ,451 1,821,789 ,71 , al (57 ,98 ) – (57 ,98 , en of y ar 2 ,32 ,7 1,996,118 36,42 ,2 ,575,14 – 6 ,32 ,2 ok value, end of year 2 ,26 ,71 ,114,647 3,239,9 8 1 ,21 ,14 47,836,4 b ing acquir d represent purcha es of roperty and equipment which were not yet in operation and ch n depreciation has been ch rged. s Public Worker ’ Co- perativ Cred t Union Limited Separate Fina cial Statements 025 Barbados dollar ) 37 erty and equipme t and equi m nt s compris d of th following: 20 5 Land and build ngs $ Mot r vehicles $ Furniture and equipment $ Leasehold improvements $ Asset being acquired $ Total $ beginning of year 46,59 , 35 3,229,310 37,851,701 5,57 ,146 14,709,023 107,960,615 s/transfer – 459,435 1,809,446 – 2,507,1 5 4,776,006 – (577,980) – – – (577,980) nd of year 46,59 , 35 3,110,765 39,661,147 5,57 ,146 17,216, 48 112,158,641 ated depreciat on beginning of year 18,73 ,238 2,268,647 34,599,4 0 5,57 ,146 – 61,180,471 on 1,592,482 305,451 1,821,789 – – 3,719,722 – (577,980) – – – (577,980) nd of year 20,329,720 1,996,1 8 36,421,229 5,57 ,146 – 64,322,213 value, nd of year 26,265,715 1,114,647 3,239, 18 – 17,216, 48 47,836, 28 ing acquired represent purchases of property and equipm nt whic were not yet in op ration and no depreciat on has b en charged. Public Wo ke s’ Co-operative Cr dit Unio Limited eparate Fina ci l St tements 5 ba os dollars) 37 y and quipment d equipmen is co prised of the ollowing: 20 5 Land d build ngs $ Motor vehicl s $ Furnit e and equipment $ Leas hold improvements $ Asset b ing acquired $ Total $ gin ing of year 46,595,435 3,229,310 37,851,701 5,575,146 14,709, 23 107,96 , 15 a fer – 459,43 1,809,446 – 2,507,125 4, 76,006 – (577,980) – – – (577,980) d of y ar 46,59 ,435 3,110,765 39,661,147 5,575,146 17,216, 48 2, 58,641 ed depreciat on gin ing of year 18,737,238 2,268, 47 34,599,440 5,575,146 – 61,180,471 n 1,592,482 305,451 ,821,7 9 – – 3,719,722 – (577,980) – – – (577,980) d of y ar 20,329,720 1,996,118 36,421, 29 5,575,146 – 6 ,322, 13 alue, end of year 26, 5,715 1,1 4,647 3,2 9,918 – 7,216,148 7,836,428 g acquired repres nt purchases of pro e ty nd equipment which were not yet n operation nd depreciat on has been h rged. lic Worke s’ Co-operative Credit Unio Lim ted a Fin ncial St tem nts s dollars) 37 d equipment pment is co prised f the ollowing: 2025 Land n buildings $ Motor vehicl s $ Furnit e and equipm nt $ Leasehold improve ents $ Assets b ing acquired $ Total $ ng of year 46,595,435 3,229,310 37,851,701 5,575, 46 14 709,023 107,960, 15 r – 459,43 1,809,446 – 2 507,1 5 4,776,006 – (577,980) – – – (577,980) ar 46,595,435 3,110,765 39,661, 47 5,57 , 46 1 2 6,148 12,158, 4 pr ciation ng of year 18,737,238 2,268,647 34,599,4 0 5,575,1 6 – 61,180,471 1,592,482 30 ,451 ,821,789 – – 3,719,722 – (577,980) – – – (577,980) ar 20,329,720 1,996,1 8 36,421,229 5,575, 46 – 64,322,213 nd of y ar 26,265,715 1,114, 47 3,239,918 – 17 216,148 7,836,428 uired represent urchases of property and equipment w ch wer not yet in operatio and eciation has been charged.
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