18
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
ANNUAL REPORT 2013
Consolidated Statement of Changes in Equity
For the year ended March 31, 2013, with comparative figures for 2012
(Expressed in Barbados dollars)
Share
Statutory
Other
Retained
Notes
capital
reserves
reserves
earnings
Total
At March 31, 2011
$ 7,037,040
56,884,583
1,579,463
2,219,378
67,720,464
Total comprehensive income
-
-
(196,535)
9,245,906
9,049,371
Issue of shares
387,720
-
-
-
387,720
Redemption of shares
(31,080)
-
-
-
(31,080)
Transfer to statutory reserves
21
-
6,644,794
-
(6,644,794)
-
Entrance fees
21
-
16,155
-
-
16,155
Transfer to special reserves
22
-
-
751,852
(751,852)
-
Release of general reserves
28
-
(591,613)
-
591,613
-
Special reserves released
to retained earnings
22
-
-
(880,079)
880,079
-
Distributions to members
8
-
-
-
(1,414,608)
(1,414,608)
At March 31, 2012
$ 7,393,680
62,953,919
1,254,701
4,125,722
75,728,022
Total comprehensive income
-
-
(84,760)
12,893,275
12,808,515
Issue of shares
418,440
-
-
-
418,440
Redemption of shares
(51,720)
-
-
-
(51,720)
Transfer to statutory reserves
21
-
8,568,868
-
(8,568,868)
-
Entrance fees
21
-
17,435
-
-
17,435
Transfer to special reserves
22
-
-
914,280
(914,280)
-
Special reserves released
to retained earnings
22
-
-
(871,210)
871,210
-
Distributions to members
8
-
-
-
(1,543,019)
(1,543,019)
At March 31, 2013
$ 7,760,400
71,540,222
1,213,011
6,864,040
87,377,673
The accompanying notes form an integral part of these consolidated financial statements.
