Page 32 - Kildare CU 2022 AR

NOTES TO
THE FINANCIAL STATEMENTS
14. Tangible Fixed Assets
Cost or valuation
Freehold Fixtures & Computer Total Premises Fittings Equipment
€€€€
At 1 October 2021
Additions -
1,548,500 1,548,500
122,542 30,970
153,512
1,394,988
1,425,958
449,711 5,619
455,330
422,550 12,459
435,009
20,321
27,161
567,955 2,566,166 8,973 14,592
576,928 2,580,758
516,958 1,062,050 23,620 67,049
540,578 1,129,099
36,350 1,451,659
50,997 1,504,116
At 30 September 2022
Depreciation
At 1 October 2021
Charge for the financial year
At 30 September 2022
Net Book Value
At 30 September 2022
Net Book Value
At 30 September 2021
Tangible fixed assets are reviewed for impairment if events or changes in circumstances indicate that their carrying value may be impaired. During the year ended 30 September 2022, the Credit Union carried out an impairment review of the carrying value of its freehold premises. This review indicated that the recoverable amount is greater than the carrying value of the freehold premises, and therefore no impairment is recognised.
15. Debtors, Prepayments and Accrued Income
Loan Interest Income Receivable Investment Income Receivable Other Debtors and Receivables
Total Per Balance Sheet
16. Members’ Shares
Regular Share Accounts
Total Per Balance Sheet
2022 2021
€€
31,183 189,796 81,755
302,734
2022
31,540 205,255 50,633
287,428
2021
€€
66,786,461 67,502,010 66,786,461
67,502,010
For the year ended 30 September 2022
Page 30