Credit Union Annual Report 2021 V2 - Flipbook - Page 67
THE CAYMAN ISLANDS CIVIL SERVICE ASSOCIATION (CICSA)
CO-OPERATIVE CREDIT UNION LIMITED
NOTES TO FINANCIAL STATEMENTS (continued)
July 31, 2021
6. Fixed assets and Right-of-Use assets
As at July 31, 2021:
Cost
Balance July 31, 2020
Additions
Transfers
Disposals
Balance July 31, 2021
Freehold
Land
Assets Under
Construction
Computer
Equipment
Furniture
and Fittings
9,986
653,690
–
–
663,676
$ 1,343,896
72,241
–
–
$ 1,416,137
$ 1,194,940
70,910
–
–
$ 1,265,850
$
$ 1,147,375
84,747
–
$ 1,232,122
$
930,985
86,796
–
$ 1,017,781
$
227,775
–
–
–
227,775
$ 7,221,979
–
–
–
$ 7,221,979
$
$ 2,051,081
186,324
–
$ 2,237,405
$
$
–
–
–
–
$
–
–
–
–
Net book value
July 31, 2021
$
227,775
$ 4,984,574
$
663,676
$
184,015
$
Net book value
July 31, 2020
$
227,775
$ 5,170,898
$
9,986
$
196,521
$
Depreciation
Balance July 31, 2020
Charge for the year
Disposals
Balance July 31, 2021
$
Building
$
$
$
Motor
Vehicles
Right of Use
Assets
19,205
–
–
–
19,205
$
$
$
19,205
–
–
19,205
248,069
$
263,955
$
$
Total
62,501
54,875
–
–
117,376
$ 10,080,282
851,716
–
–
$ 10,931,998
$
7,292
30,792
–
38,084
$ 4,155,938
388,659
–
$ 4,544,597
–
$
79,292
$ 6,387,401
–
$
55,209
$ 5,924,344
$
As at July 31, 2020:
Cost
Balance July 31, 2019
Additions
Transfers
Disposals
Balance July 31, 2020
Freehold
Land
Assets Under
Construction
Furniture
and Fittings
$ 1,260,657
68,074
15,165
–
$ 1,343,896
$ 1,072,510
40,508
81,922
–
$ 1,194,940
$
$ 1,071,119
76,256
–
$ 1,147,375
$
$
$
861,106
69,879
–
930,985
$ 7,221,979
–
–
–
$ 7,221,979
$
$ 1,864,758
186,323
–
$ 2,051,081
$
$
–
–
–
–
$
–
–
–
–
Net book value
July 31, 2020
$
227,775
$ 5,170,898
$
9,986
$
196,521
$
Net book value
July 31, 2019
$
227,775
$ 5,357,221
$
41,899
$
189,538
$
$
$
$
41,899
65,174
(97,087)
–
9,986
Computer
Equipment
227,775
–
–
–
227,775
Depreciation
Balance July 31, 2019
Charge for the year
Disposals
Balance July 31, 2020
$
Building
- 32 -
Motor
Vehicles
Right of Use
Assets
–
62,501
–
–
62,501
$ 9,844,025
236,257
–
–
$ 10,080,282
$
–
7,292
$ 3,816,188
339,750
$
7,292
$ 4,155,938
–
$
55,209
$ 5,924,344
–
$
–
$ 6,027,837
19,205
–
–
–
19,205
$
$
19,205
–
–
19,205
263,955
$
211,404
$
$
Total
$