70 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED 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 …continued 2024 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets bein acquire Cost Balance, beginning of year 46,595,435 3,130,203 37,076,495 5,575,146 13,773,8 Additions/transfer – 207,207 780,041 – 1,323,7 Disposal – (108,100) (4,835) – (388,5 Balance, end of year 46,595,435 3,229,310 37,851,701 5,575,146 14,709,0 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 – 14,709,0 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 Un on Limited e Separate Financial Statements 025 Barbados dollars) 38 y and equipment …continued 2024 Land and buildings $ Motor vehic es $ Furniture and equipment $ Leasehold improvements $ Assets being acquired $ Total $ beginning of year 46,595,435 3,130,203 37,076,495 5,575,146 13,773,886 106,151,165 s/transfer – 207,207 780,041 – 1,323,700 2,3 0,948 – (108,100) (4,835) – (388,563) (501,498) end of year 46,595,435 3,229,310 37,851,701 5,575, 46 14,709,023 107,960,615 lated depreciation beginning of year 16,971,455 1,968,108 32,978,961 5,575,146 – 57,493,670 tion 1,765,783 307,746 1,624,681 – – 3,698,210 – (7,207) (4,202) – – (11,409) end of year 18,737,238 2,268,647 34,599,440 5,575,146 – 61,180,471 k value, end of year 27,858,197 960,663 3,252,261 – 14,709,023 46,780,144 eing acquired repre ent purchases of property and equipment which were not yet in operation and h no depreciation has been cha ged. arbados Public Workers’ Co-operative Credit Union Limited otes to th Separate Financial Statements arch 31, 2025 pressed in Barbados dollars) Property and equipment …continued 2024 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold i provements $ Assets being acquired $ Cost Balance, beginning of year 46,595,435 ,130,203 37,076,495 ,575,146 13,773,886 10 Additions/transfer – 207,207 80,041 – 1,323,700 Disposal – (108,100) (4,835) – (388,563) Balance, end of year 46,595,435 ,229,310 37,851,701 5,575,146 1 ,709,023 10 Accumulated depreciation Balance, beginning of year 16,971,455 1,968,108 32,978,961 5,575,146 – 5 Depreciation 1,765,783 307,746 1, 24,681 – – Disposal – (7,207) (4,202) – – Balance, end of year 18,737,238 2,268,647 3 ,599,440 5,575,146 – 6 Net book valu , end of year 27,858,197 960,663 3,252,261 – 14,709,023 4 Assets being acquired represent purcha s of property and equ pme t which were not yet in operation and on which no depreciation has been charged. ados Public Workers’ Co-operative Credit Union L mited he Separate Financial St men s 1, 2025 d in Barba s dollars) perty and equipment …continued 2024 Land and buildings $ Motor veh cles Furniture and equipment Leasehold improvements $ A s ts being acquired Tot nce, beginning of year 46,595,43 3,130,203 37,076,495 5,575,146 13,773,886 106, 5 ,1 tions/transfer – 0 ,207 780,041 – 1,323,700 2,310,9 osal – ( 08,100) (4,835) – (388,56 ) (501,4 nce, end of year 46,595,43 3,229,310 37,851, 01 5,575,146 14,709,023 107,960,6 umulated depreciation nce, beginning of year 16,971,455 1,96 ,108 32, 7 ,961 5,575, 46 – 57,493,6 eciation 1, 65,783 307,746 1, 24,681 – – 3,698,2 osal – (7,207) (4,2 2) – (11,4 nce, end of year 18,737,238 2,268,647 34,599,4 0 ,575,146 – 61,180,4 book value, end of year 27,858,197 960,663 3, 52,2 1 – 14,709,023 46,780,1 ts being acquired repr sent purchases of property and equipment which were not y t in operati and hich no depreciation h s been charged. s Public Workers’ Co-operative Credit Unio Limited Separate Financi l Statements 025 Barbados dollar ) 38 y and equipment …continu d 2024 Land buildings $ Motor vehicl s $ Furnit re and equipment $ Leasehold improvements $ As ets b ing acquired $ Total $ beginning of ye r 46,595,43 3,130 203 37,076 495 5,575,146 13,773 8 6 106,151 165 /transfer – 207,2 7 80,041 – 1,323,700 2,310 948 – (108,1 ) (4,835) – (38 ,563) (501,49 ) end of year 46,595,43 3,229 310 37,851 701 5,575,146 14,709 023 107,960 615 ated depreciation beginning of ye r 16,971,455 1,968 108 32,978 1 5,575,146 – 57,493,670 ion 1,765,783 07 46 1, 24,681 – – 3,698,210 – (7,20 ) (4,202) – – (1 ,409) end of year 18,737,238 2,26 64 3 ,599 4 0 5,57 ,146 – 61,180,471 value, end of year 27,858,197 960 6 3 3,252,2 1 – 14,709,023 46,780 144 ing acquired represent purchases of property and equipme t which were not yet in operation and no depreciati n has been charg d. Pu lic Workers’ Co-operativ Credit Un on Limited parate Financi l Statem nts b dos d llars) 38 nd equipment …continued 2024 Land buildings $ Motor vehicles $ Furniture and equipment $ Leas hold improve ents $ Ass t being acquired $ Total $ inning of year 46,595 43 3,1 0 20 7,076 495 5,57 146 13,77 886 106, 51 65 nsfer – 207, 78 ,041 – 1,323 700 ,31 948 – (108, 0) (4,835) – (388,563) (501,498) of y r 46,595 43 3,229 310 37,85 70 5,57 146 14,709 023 107,960 615 d d pr ciation inning of year 16,971 455 1,968 10 32,978 61 5,57 146 – 57,493 670 1,765 83 307,746 1,62 8 – – 3,698 210 – (7,20 ) (4,202) – – (11,409) of y r 18,737 2 2,268 647 34,599 440 5,57 146 – 61,180 47 ue, end of y r 27,858 19 960,6 3 3,252 61 – 14,709 023 46,780 1 4 acquired r present purchases of pro e ty and equipment which were ot yet in operation and depreciation has been charg d. blic Workers’ Co-operative C edit Un on Lim ted a Financial Statemen s s olla ) 38 quipm n …co inued 2024 Land and buildings $ Motor vehicles Furniture and equipm nt Leasehold improve s $ Asset being acquired Total $ ng of year 46,595,435 3,130,203 37,076,495 5,575,146 13,773,88 106,151,1 5 r – 207, 780,041 – ,323,700 2, 10,948 – (108, 0) (4,835) – (388,563) 501,498) y ar 46,595, 3 3,229,310 37,851,701 5,575,146 14,709,023 107,960,615 pre iation ng of year 16,971,455 1, 68,108 32, 7 ,961 5,575,146 – 57,493,6 0 1,765, 83 307, 46 1,624,681 – 3,698,210 – (7,20 ) (4, 2) – (11,409) y ar 18,737,238 ,268,647 34,599,4 0 5,575,146 – 61,180,471 end of year 27 858,197 960,6 3 3,252,2 1 – 14,709,023 46, 80,144 u red present pu chases of prop rty and equipment which w r not yet in op ration and eciati n has been charged. c Workers’ C -ope ative Credit Union L m ted Financi l Statements la s) 38 pm nt …continued 2024 Land buildings $ Motor vehicl s $ Furnit re and equipm nt $ Leasehold improvements $ Assets b ing acquired $ Total $ year 46,595,435 3,130,20 37, 76,495 5,5 ,146 13,773,886 106,151, 65 – 207, 80, 41 – 1,323,700 2,310,948 – (108, 0) (4,835) – (388,563) (501,498) 46,595,43 3,229,310 37,851,70 ,5 ,146 14,709,023 10 ,96 ,615 i tion year 16,971,455 1,968,10 32,978,961 5,57 ,146 – 57,493, 70 1,765, 83 30 ,74 1, 24,68 – – 3,698,210 – (7,20 ) (4,202) – – (11,409) 18,737,2 2,268,647 34,599,440 5,57 ,146 – 61,180,47 of y ar 27,858 19 60,6 3 3,252,261 – 14,709,023 46,78 ,1 4 represent pu chases of pr perty and quipment which were not y t in opera ion a d ion has b en charg d.
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