78 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Consolidated Financial Statements March 31, 2026 (expressed in Barbados dollars) 14 Property and Equipment Property and equipment is comprised of the following: 2026 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets bein acquire Cost Balance, beginning of year 52,000,245 12,598,375 42,957,529 6,419,118 17,216,14 Additions/transfer 1,441,316 2,443,558 306,364 22,806 6,329,65 Disposal (4,515,497) (1,673,777) (577,170) (143,790) Balance, end of year 48,926,064 13,368,156 42,686,723 6,298,134 23,545,79 Accumulated depreciation Balance, beginning of year 22,982,696 6,201,854 39,149,770 6,018,187 Depreciation 1,919,516 1,716,117 1,539,505 60,000 Disposal (2,006,889) (1,286,626) (574,609) (141,807) Balance, end of year 22,895,323 6,631,345 40,114,666 5,936,380 Net book value, end of year 26,030,741 6,736,811 2,572,057 361,754 23,545,79 Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation has been charged. s Public Workers’ Co-operative Credit Un on Limited Consolidated Financial Statements 026 Barbados dollars) 46 y and Equipment and equipment is compris d of the following: 2026 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets being acquired $ Total $ beginning of year 52,000,245 12, 98,375 42,957,529 6,419,118 17,216, 49 131, 91,416 s/transfer 1,441,316 2,443,558 306,364 22,806 6,329,650 10,543,694 (4,515,497) (1,673,777) (577,170) (143,790) – (6,910,234) end of year 48,926,064 13,368,156 42,686,723 6,298,134 23,545,799 134,824,876 ated depreciation beginning of year 22,982,696 6, 01, 54 39,149,770 6,0 8,187 – 74,352,507 ion 1,919,516 1,716, 17 1,539,505 60,00 – 5,235,138 (2,006,889) (1,286,626) (574,609) (141,807) – (4,009,931) end of year 22,895,323 6,631,345 40,114,666 5,936,380 – 75,577,714 value, end of year 26,030,741 6,736,811 2,572,057 361,754 23,545,799 59, 47,162 ing acquired represent purchases of property and equipment which wer not yet in operation hich no depreciation has been charged. rbados Public Workers’ Co-operative Credit Un on Lim ted s t the Consolidated Financial Statements ch 31, 2026 essed in Barbados dollars) Property and Equipment Prop rty and equipment com rised of the following: 2026 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets being acquired $ Cost Bala ce, beginning of y ar 52,000,245 12,598,375 42,9 7,529 6,419,118 17,216,149 131,1 Additions/transfer 1,441,316 2,443,558 306,364 22,806 6,329,650 10,5 Disposal (4,515,497) (1,6 3,777) (5 7,170) (143,790) – (6,9 Balance, end of year 48,926,064 13,368,156 42,686,723 6,298,134 23,545,799 134,8 Accumulated depreci ion Bala ce, beginning of y ar 22,982,696 6,201,854 39,1 9,770 6,018,187 – 74,3 Depreciation 1,919,516 1,716,117 1,539,505 60,000 – 5,2 Disposal (2,006,889) (1,286,626) (574,609) (141,807) – (4,0 Balance, end of year 22,895,323 6,631,345 40,114,666 5,936,380 – 75,5 Net book valu , end of year 26,030,741 6,736,811 2,572,057 361,754 23,545,799 59,2 Assets be ng acquired represent purchases of rop rty and equipment which were not yet in opera ion nd o which no depreciation has be n charged. dos Public Workers’ Co-operative Credit Union L m ted the Consolidated Financial Statements 1, 2026 d in Barba os ollars) perty and Equi ment e ty and equipment is comprised of the follow ng: 2026 L d an buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ A sets being acquired $ Tot nce, beginning of year 52 000 245 12 598 375 42 57 529 6,4 9 1 8 7 2 6, 49 3 9 tions/transfer 1,44 316 2, 43 558 06,364 22,806 6,329,650 10 543 6 osal (4,515 497) (1,6 3 7 7) (5 7,1 0) (143,790) – (6,910 2 nce, end of year 48 926 064 13 3 8 156 42 6 723 6,298 134 23 545,799 13 2 mulated depreciation nce, beginning of year 22 98 696 6,201 854 39 149 770 6,018 187 – 74 352 5 eciation 1,9 9 5 6 1,7 6 7 1, 39 505 6 ,00 – 5,2 1 osal (2,006 889) (1,28 62 ) (574,609) (141,807) – (4,009 9 nce, end of year 22 895 323 6,631 345 40 1 4 666 5,936 380 – 5 5 7 7 book value, end of year 26 030 741 6,73 8 1 2,572 057 361,754 23 545,799 59 247 1 ts being acquired represent purchases of p ope ty and equipment which were not yet in operation which no depreciation has been charged. os Public Workers’ Co- perative Cr dit Union Limited e Consolidated Financial Statemen s 2026 Barbados dollar ) 4 ty and Equipment y and equipment s comprised of the f llowing: 20 6 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvem nts Assets b ing acquir d $ Total $ , beginning of year 52, ,245 12,598,375 42,957,52 6,419, 18 17,216,149 131,19 ,416 ns/transfer 1, 41,316 2, 43, 58 306,364 2,806 6,329,650 10,543,694 l (4,51 ,497) (1,673, 7) 5 ,170) 143,790) – (6,910,234) , end of year 48,926,064 13,368,156 42,68 ,723 6,298,134 23,54 ,7 9 134,824,876 ulated depreciation , beginning of year 2,982,696 6, 01,854 39,149, 70 6,018,187 – 74,352,507 ation 1,91 ,516 1,716, 17 1,539,50 6 , – 5,235,138 l (2, 06, 89) (1, 86, 26) 574,609) 141,807) – (4, 09,931) , end of year 2,895,323 6,631,345 40, 14, 6 5,936,380 – 7 ,5 7,714 k value, end of year 26,03 ,741 6,736,8 1 2,572,057 361,754 23,54 ,7 9 59,247,16 eing acquired rep sent purchas s of property and equipment whic were not yet in operati n whic no depreciation has b en charged. Public Workers’ Co- perative Credit Union Limited Consolidated Financ al Sta em nts 26 rbados dollar ) 46 and Equipment d equipment is comprised of the following: 20 6 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leas hold improvem nts $ Asset being acquir d $ Total $ ginni g of year 52,000, 45 12,598,375 42,957,529 6, 19,118 17,216,1 9 131, 9 ,416 ransfe 1,441,316 2,443,558 306,364 22,806 6,329, 50 10,543,694 (4,515, 97) (1,673,77 ) (577,170) (143, 90) – (6,910,234) d of y ar 48,926,064 13, 68,156 42,686,723 6,298,134 23,545,79 134,824,876 ed epreciation ginni g of year 22,982,69 6,201,854 39,149,770 6,018,187 – 74,352,507 n 1,919,516 ,716, 17 1,539,50 60, 00 – 5,235,138 (2,006,889) (1,286, 26) (574,609) (141,807) – (4,009, 31) d of y ar 22,895,323 6, 31,345 40,114,666 5,936,380 – 75, 77, 14 alue, nd of y ar 26,030,741 6,736,811 2,572,057 361, 54 23,545,799 59,247,162 g acquired represent purchases of pro rty and equipment wh ch wer not yet in operatio ch no depr ciation has been charged. ublic Worker ’ Co- perativ Cred t Unio Limited n olidate Fin ncial Statements dos doll rs) 46 d Equipment quipment is comprised of the ollowing: 2026 Land a d buildings $ Motor vehicl s $ Furnit e and quipment $ Leas hold improvem nts $ Asset b ing acquired $ Total $ n g of y ar 52,000,245 12,598,37 42,957, 2 6,419, 18 17,2 6, 49 31, 91,4 6 sfer 1,441,3 6 2,443,558 306,3 4 22,806 6,329,650 1 ,543,694 (4,515,497) (1,673, 77) (5 7,170) (143,790) – (6,910,234) f year 48,926,0 4 13,368,156 42,686,723 6,298,134 23,545,799 134,824,876 depreciation n g of y ar 22,982,6 6 6,201,854 39,149,770 6, 18, 7 – 4,352, 07 1,9 9,516 1,7 6, 17 1,539,50 60,0 0 – 5,235,138 (2,006,889) (1,286,6 6) (574,609) (141,807) – (4,009,931) f year 22,895,323 6,631, 45 40,114,666 5,936, 80 – 75,577, 14 e, end of year 26,030,741 6, 36,811 2,572,0 7 361,754 23,545,799 5 ,247,162 cquired rep sent purchases of prop rty and equipment which ere not yet in opera ion no depr ciation has b en charged. blic Workers’ Co- p rative Cr dit Un on L mited lidated F nanc al Statements s dollars) 46 quipment pment is co pris d f the f llowing: 2026 Land and buildings $ Motor vehicles $ Furniture and quipm nt $ Leas hold mprove ents $ Assets being acquired $ Total $ of y ar 52,000,24 12,598,375 42,9 7, 29 6,419, 18 7,216, 49 31, 1, 6 r 1,441,3 6 2,44 ,558 306,3 4 22,806 ,329,650 10, 43,694 (4,515,497) (1,6 3, 7) (5 ,1 0) ( 43,790) – (6,910,234) r 48,926,0 13,368,156 42,686,723 ,298,134 23,5 5,799 1 4,824,876 pr ciation of y ar 22,982,696 ,201,854 39,149,770 6,018, 7 – 74,352, 0 1,9 9,516 1,7 6, 17 1,539,505 60,0 0 – 5,235,138 (2,006,889) (1,286,626) (574,609) (141,807) – (4,009,931) r 22,895,3 3 6,6 1, 45 40,114,666 5,936, 80 – 75,577, 14 end of year 26,030,741 6,736,8 1 2,572,057 361,754 23, 5,799 9,247,162 ired rep sent p rchases of property and quipment which er not yet in o eration depr ciation has b en harg d.
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