BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED
Notes to the Non-consolidated Financial Statements
For the year ended March 31, 2013
(Expressed in Barbados dollars)
22
11. 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
Cost
Balance, beginning of year
$
28,037,936
759,258
14,284,108
109,975
596,230
Additions/transfer
-
388,985
1,342,797
657,031
619,398
Disposals
-
(368,859)
(29,229)
-
-
Balance, end of year
28,037,936
779,384
15,597,676
767,006
1,215,628
Accumulated depreciation
Balance, beginning of year
6,330,150
678,070
10,884,882
109,975
-
Depreciation
505,808
90,654
1,417,993
56,222
-
Disposals
-
(368,859)
(23,575)
-
-
Balance, end of year
6,835,958
399,865
12,279,300
166,197
-
Net book value, end of year
$ 21,201,978
379,519
3,318,376
600,809
1,215,628
1 . 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 $ 28,037,936 759,258 14,279,683
109,975 596,230 43,783,082
Additions/transfer
-
388,985 1,342,7 7
657,031 619,398 3,008,211
Disposals
- (368,859) (29,229)
- - (398,088)
Balance, end of year
28,037,936 779,384 15,593,251 767,006 1,215,628 46,393,205
Accumulated depreciation
Balance, begin ing of year
6,330,150 678,070 10,880,457
109, 75
- 17,998,652
Depreciation
505,808
90,654 1,417,9 3
56,222
-
2,070,677
Disposals
- (368,859) (23,575)
- - (392,434)
Balance, end of year
6,835,958 399,865 12,274,875 166,197 - 19,676,895
Net book value, end of year
$ 21,201,978 379,519 3,318,376 600,809 1,215,628 26,716,310
31
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
ANNUAL REPORT 2013
