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)
23
11. Property and Equipment…(continued)
2012
Furniture
Assets
Land and
Motor
and
Leasehold
being
Buildings
Vehicles
Equipment
Improvements
Acquired
Cost
Balance, beginning of year
$ 28,037,936
814,258
13,750,918
109,975
1,657,848
Additions/transfer
-
-
1,626,306
-
(1,061,618)
Disposals
-
(55,000)
(1,093,116)
-
-
Balance, end of year
28,037,936
759,258
14,284,108
109,975
596,230
Accumulated depreciation
Balance, beginning of year
5,824,341
636,903
10,590,154
106,920
-
Depreciation
505,809
96,167
1,387,844
3,055
-
Disposals
-
(55,000)
(1,093,116)
-
-
Balance, end of year
6,330,150
678,070
10,884,882
109,975
-
Net book value, end of year
$ 21,707,786
81,188
3,399,226
-
596,230
Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no
charged.
1 . Property and Equipment…(conti ued)
2012
Furniture
Assets
Land and
Motor
and Leasehold
being
Buildings Vehicles Equipment Improvements Acquired
Total
Cost
Balance, beginni g of year $28,037,936 814,258 13,746,493
109, 75 1,657,848 44,366,510
Additions/transfer
-
-
1,626,306
- (1,061,618)
564,688
Disposal
-
(55,000) (1,093,116) - - (1,148,116)
Balance, nd of year
28,037,936 59,258 14,279,6 3 109 975 596,23 43,783,082
Accum lated depreciat on
Balance, beginn g of year
5,824,341 6 6,903 10,585,729
106 920 - 17,153,893
Depr ciation
505,809
96,167 1,387,844
3,055 -
1,992,875
Disposal
-
(55,000) (1,093,116) - - (1,148,116)
Balance, end of year
6,330,150 678,070 10,880,457 109,975 - 17,998,652
Net book value, end of year
$ 21,707,786 81,188 3,399,226 - 596,230 25,784,430
Assets being acquired represent purchases of property and equipment which were not yet in operation and on which
no depreciation has been charged.
32
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
ANNUAL REPORT 2013
