Page 113 - RB GRENADA ANNUAL REPORT 2025_ONLINE

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Notes to the Financial Statements

For the year ended September 30, 2025. Expressed in Thousands of Eastern Caribbean dollars ($’000), except where otherwise stated.

6 Premises and equipment
Vehicle
Capital equipment,
works in Freehold Leasehold furniture
2025 progress premises premises and fittings Total

Cost
At beginning of year 5,320 43,776 7,523 54,344 110,963
Work-in-progress written off (210) – – – (210)
Additions at cost 3,043 – – 414 3,457
Disposal of assets – – (239) (10,027) (10,266)
Transfer of assets (4,574) 522 782 3,270 –

At end of year 3,579 44,298 8,066 48,001 103,944

Accumulated depreciation
At beginning of year – 13,567 4,298 48,189 66,054
Charge for the year – 856 173 1,981 3,010
Disposal of assets – – (239) (9,920) (10,159)

At end of year – 14,423 4,232 40,250 58,905

Net book value 3,579 29,875 3,834 7,751 45,039

2024

Cost
At beginning of year 5,783 37,932 7,523 52,819 104,057
Adjustments 166 (35) – (43) 88
Work-in-progress written off (321) – – – (321)
Additions at cost 7,612 – – 391 8,003
Disposal of assets – – – (864) (864)
Transfer of assets (7,920) 5,879 – 2,041 –

At end of year 5,320 43,776 7,523 54,344 110,963

Accumulated depreciation
At beginning of year – 12,657 4,981 46,477 64,115
Adjustments – 106 (699) 490 (103)
Charge for the year – 804 16 2,054 2,874
Disposal of assets – – – (832) (832)

At end of year – 13,567 4,298 48,189 66,054

Net book value 5,320 30,209 3,225 6,155 44,909