45
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
CONSOLIDATED ANNUAL REPORT 2016
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)
33
13. Property and Equipment,
continued
2015
Furniture
Assets
Land and
Motor
and
Leasehold
being
Buildings
Vehicles
Equipment
Improvements
Acquired
Total
Cost
Balance, beginning of year
$ 28,801,032 1,797,494
19,606,568
3,102,288 1,389,536
54,696,918
Additions/transfer
-
403,392
1,892,982
700,222
456,808
3,453,404
Disposals
-
(451,787)
(87,126)
-
-
(538,913)
Balance, end of year
28,801,032 1,749,099
21,412,424
3,802,510 1,846,344
57,611,409
Accumulated depreciation
Balance, beginning of year
7,366,180 1,382,616
14,812,898
1,126,021
-
24,687,715
Depreciation
547,014
210,150
1,874,617
727,735
-
3,359,516
Disposals
-
(410,126)
(85,904)
-
-
(496,030)
Balance, end of year
7,913,194 1,182,640
16,601,611
1,853,756
-
27,551,201
Net book value, end of year
$ 20,887,838
566,459
4,810,813
1,948,754 1,846,344
30,060,208
