Page 136 - RFHL ANNUAL REPORT 2024_ONLINE

134 Notes to the Consolidated Financial Statements
For the Year Ended September 30, 2024.
Expressed in millions of Trinidad and Tobago dollars, except where otherwise stated.

7. Premises and equipment (continued)

Capital Equipment,
works in Freehold Leasehold furniture
2023 progress premises premises and fittings Total

Cost
At beginning of year 381 2,297 372 3,203 6,253
Exchange and other adjustments (3) (5) 23 (40) (25)
Additions at cost 292 7 18 77 394
Disposal of assets (2) (7) (28) (180) (217)
Transfer of assets (144) 9 3 132 –

At end of year 524 2,301 388 3,192 6,405

Accumulated depreciation
At beginning of year – 471 231 2,295 2,997
Exchange and other adjustments – 6 (3) (25) (22)
Charge for the year – 35 22 247 304
Disposal of assets – (4) (22) (171) (197)

At end of year – 508 228 2,346 3,082

Net book value 524 1,793 160 846 3,323

Capital commitments

2024 2023

Contracts for outstanding capital expenditure not provided
for in the Consolidated financial statements 49 115
Other capital expenditure authorised by the
Directors but not yet contracted for 241 82