63 SEPARATE FINANCIAL STATEMENTS 2026 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2026 (expressed in Barbados dollars) 12 Property and equipment Property and equipment is comprised of the following: 2026 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets b acqu Cost Balance, beginning of year 46,595,435 3,110,765 39,661,147 5,575,146 17,216 Additions/transfer – – 88,758 – 6,329 Disposal – (277,739) (521,836) – Balance, end of year 46,595,435 2,833,026 39,228,069 5,575,146 23,545 Accumulated depreciation Balance, beginning of year 20,329,720 1,996,118 36,421,229 5,575,146 Depreciation 1,441,916 350,793 1,295,737 – Disposal – (216,623) (521,084) – Balance, end of year 21,771,636 2,130,288 37,195,882 5,575,146 Net book value, end of year 24,823,799 702,738 2,032,187 – 23,545 Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation has been charged. dos Public Workers’ Co-operative Credit Union Lim ed the Separate Financial Statements 1, 2026 d in Barbados dollars) perty and equipment erty and equipment is comprised of the following: 2026 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets being acquired $ Tot nce, beginning of year 46,595,435 3,110,765 39,66 ,14 5,575,146 17,216,148 112,158, tions/transfer – – 88,758 – 6,329,650 6,418,4 osal – (277,739) (521,836) – – (799,5 nce, end of year 46,595,435 2,833,026 39,22 ,069 5,575,146 23,54 ,798 117,777,4 mulated depreciation nce, beginning of year 20,329,720 1,996,118 36,421,229 5,575,146 – 64,322,2 eciation 1,441,916 350,793 1,295,73 – – 3,088,4 osal – (216,623) (521,084) – – (737,7 nce, end of year 21,771,636 2,130,288 37,195,88 5,575,146 – 66,672,9 book value, end of year 24,823,799 702,738 2,032,18 – 23,545,798 51,104, ts being acquired represent purchases of oper y and equipment which were not y t in operation n which no depreciation as been charged. Barbados Public Workers’ Co-operative Cred t Union Lim ted Not s to the Separa e Financial Statements March 31, 2026 xpressed in Barbados doll s) 2 Property and quipment Property and equipment is comprised of the following: 2026 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold mprovements $ Assets being acquired $ Cost Balance, beginning of year 46,595,435 3,110,765 39,661,147 5,575,146 17,216,148 11 Additions/transfer – – 88,758 – 6,329,650 Disposal – (277,739) (521,836) – – Balance, end of year 46,595,435 2,833,026 39,228,069 5,575,146 23,545,798 11 Accumulated depreciation Balance, beginning of year 20,329,720 1,996,118 36,421,229 5,575,146 – 6 Depreciation 1,441,916 350,793 1,295,737 – – Disposal – (216,623) (521,084) – – Balance, end of year 21,771,636 2,130,288 37,195,882 5,575,146 – 6 Net book value, nd of year 24,823,799 702,738 2,032,187 – 23,545,798 5 Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation has be n charged. b dos Public Worke s’ Co-operative Credit Union Limited to the Separate Fi ancial St ments h 31, 026 sed in Barbados dollars) roperty and equipment operty and equipment is comprised of the following: 026 Land and bu ldings $ Motor vehicles Furnit e and equipment Leasehold improv ments $ As ets being acquired T ost alance, beginning of year 46, 95,435 3,110,765 39,661,147 5, 75,146 17,216,148 112,15 dditions/ ra fer – – 88,75 – 6,329,650 6,41 sposal – (277,739) (521,836) – – (79 alance, e d of year 46, 95,435 2,833,026 39,228,069 5, 75,146 23, 45,798 117, 7 ccumulated deprec ation alance, beginning of year 20,329,720 1,996,118 36,421,229 5, 75,146 – 64,3 eprec ation 1,441,916 350,793 1,295, 37 – – 3,08 sposal – (216,6 3) (521,084) – – ( 3 alance, e d of year 21,771, 36 2,130,288 37,195,882 5, 75,146 – 66,67 et book value, end of year 24,823,799 702,738 2,032,187 – 23, 45,798 51,10 s ets being acquired repr sent purchases of property and equipment which were not yet in operatio d on which no depreciation as been charged. dos Public Workers’ Co- perative Credit Union Limited the S parate Financial Statem n s 1, 2026 in Barbados dollars) erty and equipment rty and equipment is comprised of the following: 2026 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leas hold improvements $ Assets being acquired $ Tota ce, b gin ing of year 46,595,435 3,110,765 39,661, 47 5,575, 46 17,216,148 112, 58,64 ions/transfer – – 88,758 – 6,329,650 6,418,40 al – (277,739) (521,836) – – (799,57 ce, end of year 46,595,435 2,833,026 39,2 8,06 5,575,14 23,545, 98 117,7 7, 7 mulated depr ciation ce, b gin ing of year 20,329,7 1,996,118 36,421,229 5,575, 46 – 64,322,21 ciation 1,441,9 6 350,793 1,295,737 – – 3,088,4 al – (216,623) (521,084) – – (737,70 ce, end of year 21,771,636 2,130,288 37,195,882 5,575,146 – 66,672,95 ook value, end of year 24,823,799 702,7 8 2,032,187 – 23,545,798 51,104,52 s being acquired repres nt purchases of property and equipment which wer not ye in opera ion n which no depreciation has bee charged. s Public Workers’ Co- perative Cr dit Union Limited Separa Financial Statem nts 026 Ba b dos dolla s) 38 y and equipment and equipment is comprised of the following: 2026 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leas hold improvem nts $ Asset being acquired $ Total $ beginni g of year 46,595,43 3,110,765 39,661,147 5,57 ,146 17,216,148 112, 58,64 s/transfer – – 88,75 – 6,329,650 ,418,408 – (277, 39) (521,836) – – (799,575) end of year 46,595,43 2,833,026 39,228,069 5,57 ,146 23,545,798 11 ,7 7,4 4 lated depreciation beginni g of year 20,329,720 1,996,118 36,421,229 5,57 ,146 – 64,322, 1 tion 1,44 ,9 6 350,79 1,295,737 – – 3,088,446 – (216,623) (521,084) – – (737, 0 ) end of year 21,77 ,636 2,130,288 37,195,882 5,57 ,146 – 66, 72,952 k value, end of year 24,823,799 702,738 2,03 ,187 – 23,545,798 51,104,522 ing acquired r p ent purchases of pro erty and equipment whic were not y t in operati n hich no depr ciation has been charged. Pu lic Workers’ Co-operativ Credit Union Limite epara e Fina c al Statements 6 rbados dollars) 38 and equipment d equipment is comprised of the foll wing: 20 6 Land and build ngs $ Motor vehicles $ Furnit re and quipment $ Leasehold improvements $ Ass t being acquired $ Total $ ginning of year 46,59 ,43 3,110,765 39,661,147 5,57 ,146 17,216,148 112,158,64 ansfer – – 88,758 – 6,329, 50 6,418,408 – (277,739) (521,836) – – (799,57 ) d of ye r 46,59 ,43 2,833,026 39,228,069 5,57 ,146 23,545,798 117,7 ,474 ed depreciat on ginning of year 20,329,720 1,996, 18 36,421,229 5,57 ,146 – 4,322,21 n 1,441,916 350,79 1,295,73 – – 3,088,446 – (216,623) (521,084) – – (73 ,70 ) d of ye r 21,771,63 2,130, 88 37,195,882 5,57 ,146 – 6,672,952 alue, end of ye r 24,823,799 702,738 2,032,187 – 23,54 ,798 51,104,5 2 g acquired represent purchases of p operty and equipment which ere not y t in opera i n h no epreciat on has been charged. ublic Workers’ Co-operativ Credit Union Limited rat Fin ncial Statements os d llars) 38 equipm t uipment is co rised f the foll wing: 2026 Land d buildings $ Motor vehicles Furniture and equipment Leasehold i prove e ts $ Asset being acquired Total $ ing of year 46,595,43 ,110 76 39,661,147 5, 7 146 17,2 6, 8 2,158,64 er – 88,75 – 6,329 50 ,418 40 – (277,739) (521,836) – (799,575) year 46,595,43 2,833 026 39,228, 69 5,57 146 23,54 ,798 117,777,4 4 pr ciation ing of year 20,3 9,7 0 1,996 118 36,421,2 9 5,57 146 – 64,322,21 1,44 916 350,79 1,295 37 – 3,088 446 – (216,623) (521,084) – (737, 0 ) year 21,77 ,636 2,130 288 37,195,8 2 5,575 146 – 66,672,95 , end of y ar 24,823,799 702,738 2,03 187 – 23,545,798 51,104,522 quired repr sent purchas of prop rty and equipment which were not y t in operati o depreciation has b en charged.
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