5
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
Non-consolidated Statement of Financial Position
As at March 31, 2013
With comparative figures as at March 31, 2012
(Expressed in Barbados dollars)
Notes
2013
2012
Assets
Cash resources
8
$ 110,240,420
90,691,178
Financial investments
- Held to maturity
9
16,377,955
11,317,370
- Available-for-sale
9
1,854,710
1,939,000
Loans and advances
10
651,867,950
642,796,666
Property and equipment
11
26,716,310
25,784,430
Pension plan asset
12
545,809
383,041
Investment in subsidiary
13
2,000,000
2,000,000
Deferred expenses
14
-
-
Due from related companies
22
13,034,575
12,841,112
Other assets
15
4,431,511
3,720,096
Total Assets
$ 827,069,240
791,472,893
Liabilities and Equity
Liabilities
Deposits
16
$ 672,403,345
646,435,236
Loans payable
17
55,432,374
59,661,007
Reimbursable shares
5,726,048
4,532,147
Other liabilities
18
4,215,566
2,380,846
Total liabilities
737,777,333 713,009,236
Equity
Share capital
19
7,760,400
7,393,680
Statutory reserves
20
71,494,178
62,907,875
Other reserves
21
1,219,306
1,271,236
Retained earnings
8,818,023
6,890,866
Total equity
89,291,907
78,463,657
Total Liabilities and Equity
$ 827,069,240
791,472,893
The accompanying notes form an integral part of these non-consolidated financial statements.
Approved by the Board of Directors on May 29, 2013 and signed on its behalf by:
...............................................................
.....................................................
Glendon Belle
Paula Byer
President
Treasurer
14
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
ANNUAL REPORT 2013
