64 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED 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 …continued 2025 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets bein acquired Cost Balance, beginning of year 46,595,435 3,229,310 37,851,701 5,575,146 14,709,02 Additions/transfer – 459,435 1,809,446 – 2,507,12 Disposal – (577,980) – – Balance, end of year 46,595,435 3,110,765 39,661,147 5,575,146 17,216,14 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 – 17,216,14 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 e Separate Financial Statements 2026 Barbados dollars) 39 ty and equipment …continued 2025 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehol improvements Assets being acquir d $ Total $ , beginning of year 46,595,435 3,22 ,310 37,851,701 5 575 146 14,709,023 107,96 ,615 ns/transfer – 459,435 1,809,4 6 – 2,507,125 4,776,006 l – (577,980) – – (577,980) , end of year 46,595,435 3,110,765 39,66 ,147 5 575 1 6 17,216,148 112,158, 41 ulated depreciation , beginning of year 18,737,238 2,268,647 34,599,440 5 575 1 6 – 61,180,471 ation 1,592,482 305,451 1,821,789 – – 3,719,722 l – (577,980) – – (577,980) , end of year 20,329,720 1,996,118 36,421,229 5 575 146 – 64,322,213 k value, end of year 26,265,715 1,114,647 3,239,918 – 17,216,148 47,836,428 eing acquired represent purchas s of property and equipment which were not yet in operation which no depreciation has been charged. rbados Public Workers’ Co-operative Cred t Union Limited s to the Separa e Financial Statements rch 31, 2026 ressed in Ba bados doll s) Property and equipment …continued 2025 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Assets being acquired $ Cost Balance, beginni g of year 46,595,435 3,229,310 37,851,701 5,575,146 14,709,023 107, Additions/transfer – 459,435 1,809,446 – 2,507,125 4, Disposal – (577,980) – – – ( Balance, nd of year 46,595,435 3,110,765 39,661,147 5,575,146 17,216,148 112, Accumulat d depreciation Balance, beginni g of year 18,737,238 2,268,647 34,599,440 5,575,146 – 61, Depreciation 1,592,482 305,451 1,821,789 – – 3, Disposal – (577,980) – – – ( Balance, nd of year 20,329,720 1,996,118 36,421,229 5,575,146 – 64, Net book value, nd of year 26,265,715 1,114,647 3,239,918 – 17,216,148 47, Assets being acquired represent purchases of property and equipment which w re not yet in operation and on which no depreciation has been charged. dos Public Workers’ Co-operative Credit Union Limited the Sep rate Financial Sta ements 1, 026 in Barbados dollars) erty and equipment …continued 2025 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leasehold improvements $ Asset being acquired Tota ce, beginning of year 46, 95,435 3,229,310 37,851, 01 5, 75,146 14,709,023 107,960,61 ions/tra sfe – 459,435 1,809,446 – 2,507,125 4,776,00 sal – (577,980) – – – (577,98 c , end of year 46, 95,435 3,110,765 39,661,147 5, 75,146 17,216,148 112,158,64 mulated depre iation ce, beginning of year 18, 37,238 2,268,647 34,599, 40 5, 75,146 – 61,180,47 ciation 1,592,482 305,451 1,821,789 – – 3,719,72 sal – (577,980) – – – (577,98 c , end of year 20,329,720 1,996,118 36,421,229 5, 75,146 – 64,32 ,21 ook valu , end of year 26,265,715 1,114,647 3,239,918 – 17,216,148 47,836,42 s being acquired repr sent purchases of property and equipment which were not yet in operatio n which no depreciation as be n charged. s Public Worker ’ Co- perative Credit Union L m ed Separate Financial Statemen s 026 Barb dos dol ars) 39 y and equipment …co tinued 20 5 Land and build ngs $ Motor veh cles $ urniture and equipment $ Leas hold improvem nts $ As ets being acquired $ Total $ beginni g of ye r 46,595,435 3,229,310 37,851,701 5,575,146 14,709, 23 107,960, 15 s/transfer – 459,435 1,809,446 – 2,507,125 4,776,006 – (577,980) – – – (577,980) end of year 46,595,435 3,110,765 39,661,147 5,575,146 17,216, 48 112, 58,641 lated depreciat on beginni g of ye r 18,737,23 2,268, 47 34,599,440 5,575,146 – 61,180,47 tion 1,592,482 30 ,4 1 1,821,789 – – 3,719,722 – (577,980) – – – (577,980) end of year 20,329,7 1,996,118 36,421, 29 5,575,146 – 64,322, 13 k value, end of year 26, 5,715 1,1 4,6 7 3,2 9,918 – 17,216, 48 47,836,428 eing acquired repr s nt pur hases of p oper y and equipment whic were not yet in operation hic no depreciation has bee charged. Public Workers’ Co-operative Credit Union Limited para e Financial Statem nts 6 b dos doll rs) 39 and equipment …conti ued 20 5 Land and build ngs $ Motor vehicles $ Furniture and equipment $ Leas hold improv m nts $ Asset being acquired $ Total $ ginni g of year 46,595,435 3,229,310 37,851,701 5,575,146 14,709, 23 107,960, 15 ansfe – 459,43 1,809,446 – 2,507,125 4,776,006 – (577,980) – – – (577,980) d of year 46,595,435 3,110,765 39,661,147 5,575,146 17,216, 48 112, 58,641 ed depr ciation ginni g of year 18,737,238 2,268, 47 34,599,440 5,575,146 – 61,180,471 n 1,592,482 305,4 1 1,821,7 9 – – 3,719,722 – (577,980) – – – (577,980) d of year 20,329,720 1,996,118 36,421, 29 5,575,146 – 64,322, 13 alue, end of year 26, 65,715 1,1 4,6 7 3,2 9,918 – 17,216, 48 47, 36,428 g acquired represent purchases of p o erty and equipme t whic were not ye in operation no depr ciati n has been charged. ublic Workers’ Co-operativ Credi Union Limited rat Fin ncial S ateme s os dollars) 39 equipment …con inued 2025 Land and buildings $ Motor vehicles $ Furniture and equipment $ Le sehold improvements $ Assets being acquired $ Total $ ing of year 46,595, 35 3,229,310 37,85 ,70 5 57 ,146 14,709,023 107, 60,6 5 fer – 459,435 1,809,446 – 2,507,1 4,776,00 – (577,980) – – – (577,980) year 46,595, 3 3,110,765 39,661,147 5 57 ,146 1 ,2 6, 48 12,158,64 depreciation ing of year 18,737,2 8 2,268,647 34,599,4 0 5 57 ,146 – 1,180,471 1,592,48 305,451 ,82 ,789 – – 3,719,722 – (577,980) – – – (577,980) year 20,3 9,7 0 1,996,1 8 36,42 ,229 5 57 ,146 – 64,322,213 , end of year 26,265,71 1,114,647 3,239,918 – 17,216, 48 7,836, 28 quired r present u chases of prop rty and equipment which ere no y t in ope ati n o depreciat on h s been charged. ic W rkers’ Co-operative Credit Union Limited Fin ncial Statem nts dollar ) 39 uipment …co ti ued 2025 Land and buildings $ Motor vehicles $ Furniture and equipment $ Leas hold i provem nts Asset being acquired $ Total $ of year 46,595,435 ,22 ,310 7,8 1,70 5,575,146 ,709,023 1 7,9 0,615 – 459,435 1,809,4 6 – 2,507,1 5 4,776,006 – (577,980) – – (577,980) r 46,595, 3 ,110,765 39,661,147 5, 75, 6 7,216, 48 1 2,158,64 eciation of year 18,737,2 8 2,268,647 3 ,599,4 0 5,575,1 6 – 6 ,180,471 1,592,48 305,451 1, 1,789 – – 3,719, 22 – (577,980) – – (577,980) r 20,329,720 1,996,1 8 36,421,229 5,575,146 – 64,322,213 d of year 26,265,71 ,114,647 3,239,918 – 17,216, 48 47,836, 28 d r prese t urcha s of property and equipment which wer not ye in operation pre iati n has b e charged.
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