Page 33 - Bahamas Waste inside pages

NOTES TO FINANCIAL STATEMENTS
(Expressed in Bahamian Dollars)
December 31, 2018
9. pROpERTY, pLANT, AND EquIpMENT
The movement of property, plant, and equipment for the year ended December 31, 2018, was as follows:
Cost
Cost
Land
Buildings
Compactors and containers Collection vehicles
Office vehicles
Furniture and equipment Computer equipment Operating equipment
Depreciation
– –
$
986,508 4,914,668 10,298,926 8,167,085 141,273 589,691 325,460 634,779 26,058,390
Buildings 2,671,327
261,272 – 494,148 (8,788 ) 469,840 (227,403 )
9,531 – 38,245 – 12,457 – 22,483 –
1,307,976 (236,191 )
498,777 (12,302 )
2,932,599 8,791,877 6,528,684
134,915 513,501 292,681 374,189
19,568,446
Compactors and containers Collection vehicles
Office vehicles
Furniture and equipment Computer equipment Operating equipment
8,306,517 6,286,247 125,384 475,256 280,224 351,706 18,496,661 6,003,469
Opening Balance
Additions Disposals
– – 364,893 – 427,799 (662,125 ) 394,211 (34,980 )
– – 60,061 – 29,698 – 66,795 –
1,343,457 (697,105 )
Ending Balance
986,508 5,279,561 10,064,600 8,526,316 141,273 649,752 355,158 701,574 26,704,742
Land $ 986,508 Buildings 4,914,668
$
Compactors and containers Collection vehicles
Office vehicles
Furniture and equipment Computer equipment Operating equipment
Depreciation
10,298,926 8,167,085
141,273 589,691 325,460 634,779
26,058,390
Land ––––
Buildings 2,932,599
279,936 441,623 398,241
6,297 34,091 15,083 48,620
1,223,891
119,566
– (662,125 (19,801 – – – – (681,926
3,212,535 8,571,375 6,907,124
141,212 547,592 307,764 422,809
20,110,411
Compactors and containers Collection vehicles
Office vehicles
Furniture and equipment Computer equipment Operating equipment
2018 Net book value
8,791,877 6,528,684 134,915 513,501 292,681 374,189 19,568,446 6,489,944
) )
)
The movement of property, plant, and equipment for the year ended December 31, 2017, was as follows:
$
(15,179 )
$
6,594,331
Ending Balance
Opening Balance
$ 986,508
4,558,534 356,134 –
9,533,670 7,937,181
131,660 578,253 312,036 462,288
24,500,130
786,346 (21,090 ) 457,307 (227,403 )
9,613 – 11,438 – 13,424 –
172,491 – 1,806,753 (248,493 )
Additions Disposals
Land ––––
2017 Net book value
$
$
6,489,944
33
BAHAMAS WASTE LIMITED ANNUAL REPORT 2018