Credit Union Annual Report 2022 - Flipbook - Page 69
THE CAYMAN ISLANDS CIVIL SERVICE ASSOCIATION (CICSA)
CO-OPERATIVE CREDIT UNION LIMITED
NOTES TO FINANCIAL STATEMENTS (continued)
July 31, 2022
6. Fixed assets and Right-of-Use assets
As at July 31, 2022:
Cost
Balance July 31,
2021
Additions
Transfers
Disposals
Balance July 31,
2022
Depreciation
Balance July 31,
2021
Charge for the year
Disposals
Balance July 31,
2022
Freehold
Land
Building
Assets Under Computer Computer Furniture
Construction Equipment software and Fittings
Motor
Vehicles
Right of Use
Assets
Total
$ 227,775 $ 7,221,979 $ 663,676 $ 718,232 $ 697,905 $ 1,265,850 $
–
–
651,967
143,643
26,014
74,507
–
– (1,194,083)
267,947
910,073
16,063
–
–
–
–
–
–
19,205
28,295
–
–
$ 117,376
58,674
–
–
$
10,931,998
983,100
–
–
$ 227,775 $ 7,221,979 $ 121,560
$1,129,822 $1,633,992 $ 1,356,420 $
47,500
$ 176,050
$
11,915,098
$
– $ 2,237,405 $
–
190,029
–
–
–
–
–
$ 572,008 $ 660,113 $ 1,017,781 $
102,027
61,936
96,872
–
–
–
19,205
5,655
–
$
38,084
41,192
–
$
4,544,596
497,711
–
$
– $ 2,427,434 $
–
$ 674,035
24,860
$
79,276
$
5,042,307
722,049 $ 1,114,653 $
Net book value
July 31, 2022
$ 227,775 $ 4,794,545 $ 121,560
$ 455,787 $ 911,943 $
241,767 $
22,640
$
96,774
$
6,872,791
Net book value
July 31, 2021
$ 227,775 $ 4,984,574 $ 663,676
$ 146,224 $
248,069 $
–
$
79,292
$
6,387,401
37,792 $
As at July 31, 2021:
Cost
Balance July 31,
2020
Additions
Transfers
Disposals
Balance July 31,
2021
Freehold
Land
Assets
Under
Computer
Building Construction Equipment
Computer Furniture
software and Fittings
Motor
Vehicles
Right of Use
Assets
Total
$ 227,775
–
–
–
$ 7,221,979 $
–
–
–
9,986 $
653,690
–
–
673,355 $
44,877
–
–
670,541 $ 1,194,940 $
27,364
70,910
–
–
–
–
19,205 $
–
–
–
62,501 $ 10,080,282
54,875
851,716
–
–
–
–
$ 227,775
$ 7,221,979 $
663,676 $
718,232 $
697,905 $ 1,265,850 $
19,205 $
117,376 $ 10,931,998
$
–
–
–
$ 2,051,081 $
186,324
–
–$
–
–
501,315 $
70,693
–
646,060 $
14,054
–
930,985 $
86,796
–
19,205 $
–
–
7,292 $ 4,155,938
30,792
388,659
–
–
$
–
$ 2,237,405 $
– $
572,008 $
660,114 $ 1,017,781 $
19,205 $
38,084 $ 4,544,597
Net book value
July 31, 2021
$ 227,775
$ 4,984,574 $
663,676 $
146,224 $
37,791 $
248,069 $
– $
79,292 $ 6,387,401
Net book value
July 31, 2020
$
227,775 $ 5,170,898 $
9,986 $
172,040 $
24,481 $
263,955 $
– $
55,209 $ 5,924,344
Depreciation
Balance July 31,
2020
Charge for the year
Disposals
Balance July 31,
2021
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