Notes to Consolidated Financial Statements - Barbados Investment ...
Notes to Consolidated Financial Statements - Barbados Investment ...
Notes to Consolidated Financial Statements - Barbados Investment ...
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<strong>Notes</strong> <strong>to</strong> <strong>Consolidated</strong> <strong>Financial</strong> <strong>Statements</strong><br />
March 31, 2009<br />
(Expressed in <strong>Barbados</strong> dollars)<br />
9. Property, plant and equipment<br />
Furniture<br />
Computer<br />
Equipment<br />
Software Buildings and Vehicles Total<br />
$ $ $<br />
Cost<br />
Balance at April 1, 2007 6,155 2,417,311 3,083,802 5,507,268<br />
Additions - - 354,724 354,724<br />
Work-in-progress - 68,973 - 68,973<br />
Disposals - - (963,391) (963,391)<br />
Balance at March 31, 2008 6,155 2,486,284 2,475,135 4,967,574<br />
Balance at April 1, 2008 6,155 2,486,284 2,475,135 4,967,574<br />
Additions - 89,133 227,920 317,053<br />
Work-in-progress - - -<br />
Disposals - - (88,119) (88,119)<br />
Balance at March 31, 2009 6,155 2,575,417 2,614,936 5,196,508<br />
Accumulated Depreciation<br />
Balance at April 1, 2007 6,155 838,017 2,521,601 3,365,773<br />
Charge for the year - 60,210 225,120 285,330<br />
Disposals - - (957,399) (957,399)<br />
Balance at March 31, 2008 6,155 898,227 1,789,322 2,693,704<br />
Balance at April 1, 2008 6,155 898,227 1,789,322 2,693,704<br />
Charge for the year - 63,238 281,219 344,457<br />
Disposals - - (86,507) (86,507)<br />
Balance at March 31, 2009 6,155 961,465 1,984,034 2,951,654<br />
Net Book Value<br />
Balance at March 31, 2007 - 1,579,294 562,201 2,141,495<br />
Balance at March 31, 2008 - 1,588,057 685,813 2,273,870<br />
Balance at March 31, 2009 - 1,613,952 630,902 2,244,854<br />
40<br />
BARBADOS INVESTMENT AND DEVELOPMENT CORPORATION ANNUAL REPORT 2009
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