BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2016
43
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)
27
12. 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
779,384
17,813,166
1,166,013
1,200,630
49,760,225
Additions/transfer
-
103,612
1,802,868
6,698
645,714
2,558,892
Disposals
-
(219,894)
(86,626)
-
-
(306,520)
Balance, end of year
28,801,032
663,102
19,529,408
1,172,711
1,846,344
52,012,597
Accumulated depreciation
Balance, beginning of year
7,366,180
497,266
13,768,929
502,186
-
22,134,561
Depreciation
547,014
107,389
1,743,956
353,687
-
2,752,046
Disposals
-
(193,214)
(85,404)
-
-
(278,618)
Balance, end of year
7,913,194
411,441
15,427,481
855,873
-
24,607,989
Net book value, end of year
$ 20,887,838
251,661
4,101,927
316,838
1,846,344
27,404,608
Assets being acquired represent purchases of property and equipment which were not yet in operation and on which no depreciation has been
charged.
