(Jamaica) Limited - FirstCaribbean International Bank

notes to the Financial Statements
Year Ended 31 October 2009
(Expressed in Jamaican dollars unless otherwise indicated)
10. Property and Equipment
The Group
Equipment,
Furniture
Leasehold
and
Land Buildings Improvements Vehicles Total
$’000 $’000 $’000 $’000 $’000
2009
Cost
1 November 2008 55,000 123,965 128,998 1,093,428 1,401,391
Additions – – 5,442 212,385 217,827
Disposals – – (73) (28,492) (28,565)
Transfers – – 7,821 (7,821) –
31 October 2009 55,000 123,965 142,188 1,269,500 1,590,653
Accumulated depreciation
1 November 2008 – 19,057 80,861 751,538 851,456
Charge for the year – 3,099 7,941 98,224 109,264
Relieved on disposals – – (30) (24,037) (24,067)
31 October 2009 – 22,156 88,772 825,725 936,653
net book value
31 October 2009 55,000 101,809 53,416 443,775 654,000
2008
Cost
1 November 2007 3,900 48,569 101,441 1,086,129 1,240,039
Additions – 28,375 2,781 141,836 172,992
Disposals (150) – (125) (11,365) (11,640)
Transfer 51,250 47,021 24,901 (123,172) –
31 October 2008 55,000 123,965 128,998 1,093,428 1,401,391
Accumulated depreciation
1 November 2007 – 17,243 72,983 647,248 737,474
Charge for the year – 1,814 7,893 111,082 120,789
Relieved on disposals – – (15) (6,792) (6,807)
31 October 2008 – 19,057 80,861 751,538 851,456
net book value
31 October 2008 55,000 104,908 48,137 341,890 549,935
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