BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
CONSOLIDATED ANNUAL REPORT 2016
44
BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED
Notes to the Consolidated Financial Statements
For the year ended March 31, 2016
(Expressed in Barbados dollars)
32
13. Property and Equipment
Property and equipment is comprised of the following:
2016
Furniture
Assets
Land and
Motor
and
Leasehold
being
Buildings
Vehicles
Equipment
Improvements
Acquired
Total
Cost
Balance, beginning of year
$ 28,801,032 1,749,099
21,412,424
3,802,510 1,846,344
57,611,409
Additions/transfer
871,799
189,705
3,206,372
2,275,407
(822,771)
5,720,512
Disposals
-
(135,886)
(5,051)
-
-
(140,937)
Balance, end of year
29,672,831 1,802,918
24,613,745
6,077,917 1,023,573
63,190,984
Accumulated depreciation
Balance, beginning of year
7,913,194 1,182,640
16,601,611
1,853,756
-
27,551,201
Depreciation
553,707
209,604
2,251,605
1,050,269
-
4,065,185
Disposals
-
(135,886)
(1,689)
-
-
(137,575)
Balance, end of year
8,466,901 1,256,358
18,851,527
2,904,025
-
31,478,811
Net book value, end of year
$ 21,205,930
546,560
5,762,218
3,173,892 1,023,573
31,712,173
