MCCU Annual Report - page 69

69
10. Property, Plant & Equipment:
Furniture,
Construction
Fixtures &
Work in
Computer
Land
Buildings
Equipment
Progress
Equipment
Total
$
$
$
$
$
$
At Cost or Valuation:
1st January 2012
9,807,997
37,471,967
38,282,819
1,760,592
18,746,218
106,069,593
Additions
-
2,439,159
2,407,345
-
4,147,176
8,993,680
Disposals
(32,630)
(169,785)
(202,415)
Adjustments/Transfers
-
-
( 16,444)
( 1,376,292)
-
( 1,392,736)
31st December 1997
31st December 2012
9,807,997
39,911,126
40,641,090
384,300
22,723,609
113,468,122
Additions
1,301,486
-
2,260,019
-
3,415,214
6,976,719
Disposals
-
-
( 1,522,669)
( 384,300)
( 2,427,409)
( 4,334,378)
Adjustments/Transfers
-
-
-
-
72,733
72,733
31st December 2013
11,109,483
39,911,126
41,378,440
-
23,784,147
116,183,196
Depreciation:
1st January 2012
-
9,320,573
21,703,389
-
13,245,934
44,269,896
Charge for year
-
762,860
3,841,359
-
2,046,650
6,650,869
Released on Write-Off
-
-
( 32,630)
-
( 169,785)
( 202,415)
31st December 2012
-
10,083,433
25,512,118
-
15,122,799
50,718,350
Charge for year
-
833,471
4,279,977
-
2,571,840
7,685,288
Released on Write-Off
-
-
( 1,425,901)
-
( 2,324,768)
( 3,750,669)
31st December 2013
-
10,916,904
28,366,194
-
15,369,871
54,652,969
Net Book Values:
31st December 2013
11,109,483
28,994,222
13,012,246
-
8,414,276
61,530,227
31st December 2012
9,807,997
29,827,693
15,128,972
384,300
7,600,810
62,749,772
31st December 2011
9,807,997
28,151,394
16,579,430
1,760,592
5,500,284
61,799,697
MANCHESTER CO-OPERATIVE CREDIT UNION (1977) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - (CONT'D)
YEAR ENDED 31ST DECEMBER 2013
Freehold land and buildings were revalued in December 2007 by Thomas, Forbes & Associates Limited, independent valuers, at an amount of $115,500,000.
MANCHESTER CO-OPERATIVE CREDIT UNION
ANNUAL REPORT 2013
I...,59,60,61,62,63,64,65,66,67,68 70,71,72,73,74,75,76,77,78,79,...126
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