Bahamas - FirstCaribbean International Bank

FIRSTCARIBBEAN INTERNATIONAL BANK (BAHAMAS) LIMITEDNotes to Consolidated Financial StatementsOctober 31, 2002(expressed in thousands of Bahamian dollars)8 Property, plant and equipmentCostLand andbuildings$Equipment,furnitureand vehicles$Leaseholdimprovements$Total$Balance, beginning of period 7,967 15,059 6,670 29,696Purchases 11,820 4,104 3,564 19,488Balance, end of period 19,787 19,163 10,234 49,184Accumulated depreciationBalance, beginning of period 3,359 13,241 3,635 20,235Depreciation 1,444 868 20 2,332Balance, end of period 4,803 14,109 3,655 22,567Net book valuesEnd of period 14,984 5,054 6,579 26,617Beginning of period 4,608 1,818 3,035 9,4619 DepositsPayable ondemand$Payableafter notice$Payable at afixed date$October 31,2002Total$December 31,2001Total$Individuals 78,858 133,167 874,850 1,086,875 690,446Business andGovernments 359,025 6,352 1,212,760 1,578,137 814,213Banks 750 – 22,989 23,739 2,228438,633 139,519 2,110,599 2,688,751 1,506,887The effective rate of interest on deposits was 1.78 % (2001 – 3.06 %) during the year.64