BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2016
42
BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED
Notes to the Non-consolidated Financial Statements
For the year ended March 31, 2016
(Expressed in Barbados dollars)
26
12. 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
663,102
19,529,408
1,172,711
1,846,344
52,012,597
Additions/transfer
871,799
65,031
3,074,632
2,281,566
(897,371)
5,395,657
Disposals
-
(58,875)
(2,345)
-
-
(61,220)
Balance, end of year
29,672,831
669,258
22,601,695
3,454,277
948,973
57,347,034
Accumulated depreciation
Balance, beginning of year
7,913,194
411,441
15,427,481
855,873
-
24,607,989
Depreciation
553,707
96,392
1,964,550
638,013
-
3,252,662
Disposals
-
(58,875)
(1,689)
-
(60,564)
Balance, end of year
8,466,901
448,958
17,390,342
1,493,886
-
27,800,087
Net book value, end of year
$ 21,205,930
220,300
5,211,353
1,960,391
948,973
29,546,947
