34
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
ANNUAL REPORT 2013
Notes to the Consolidated Financial Statements
For the year ended March 31, 2013, with comparative figures for 2012
(Expressed in Barbados dollars)
12. PROPERTY AND EQUIPMENT
Property and equipment is comprised of the following:
2013
Furniture
Assets
Land and
Motor
and
Leasehold
being
Buildings
Vehicles
Equipment Improvements
Acquired
Total
Cost
Balance, beginning of year
$ 28,037,936
2,027,367
15,353,743
735,582
596,230
46,750,858
Additions/transfer
-
388,985
1,409,212
658,171
619,399
3,075,767
Disposals
-
(368,859)
(29,229)
-
-
(398,088)
Balance, end of year
$ 28,037,936
2,047,493
16,733,726
1,393,753
1,215,629
49,428,537
Accumulated depreciation
Balance, beginning of year
6,330,150
1,518,956
11,741,817
607,213
- 20,198,136
Depreciation
505,808
237,408
1,517,081
99,511
-
2,359,808
Disposals
-
(368,859)
(23,575)
-
- (392,434)
Balance, end of year
6,835,958
1,387,505
13,235,323
706,724
- 22,165,510
Net book value, end of year
$ 21,201,978
659,988
3,498,403
687,029
1,215,629
27,263,027
2012
Furniture
Assets
Land and
Motor
and
Leasehold
being
Buildings
Vehicles
Equipment Improvements
Acquired
Total
Cost
Balance, beginning of year
$ 28,037,936
2,082,367
14,738,105
727,968
1,657,848
47,244,224
Additions/transfer
-
-
1,708,754
8,393
(1,061,618)
655,529
Disposals
-
(55,000)
(1,093,116)
(779)
-
(1,148,895)
Balance, end of year
$ 28,037,936
2,027,367
15,353,743
735,582
596,230
46,750,858
Accumulated depreciation
Balance, beginning of year
5,824,341
1,330,035
11,364,841
530,646
-
19,049,863
Depreciation
505,809
243,921
1,470,092
76,567
-
2,296,389
Disposals
-
(55,000)
(1,093,116)
-
-
(1,148,116)
Balance, end of year
6,330,150
1,518,956
11,741,817
607,213
-
20,198,136
Net book value, end of year
$ 21,707,786
508,411
3,611,926
128,369
596,230
26,552,722
