6
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
Non-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
At March 31, 2011
$
7,037,040
56,541,995
1,579,463
4,587,590
Total comprehensive income
-
-
(180,000)
9,939,382
Issue of shares
387,720
-
-
-
Redemption of shares
(31,080)
-
-
-
Transfer to statutory reserves
20
-
6,349,725
-
(6,349,725
Entrance fees
20
-
16,155
-
-
Transfer to special reserves
21
-
-
751,852
(751,852
Special reserves released
to retained earnings
21
-
-
(880,079)
880,079
Distributions to members
7
-
-
-
(1,414,60
At March 31, 2012
7,393,680
62,907,875
1,271,236
6,890,866
Total comprehensive income
-
-
(95,000)
12,082,114
Issue of shares
418,440
-
-
-
Redemption of shares
(51,720)
-
-
-
Transfer to statutory reserves
20
-
8,568,868
-
(8,568,868
Entrance fees
20
-
17,435
-
-
Transfer to special reserves
21
-
-
914,280
(914,280
Special reserves released
to retained earnings
21
-
-
(871,210)
871,210
Distributions to members
7
-
-
-
(1,543,01
At March 31, 2013
$
7,760,400
71,494,178
1,219,306
8,818,023
The accompanying notes form an integral part of these non-consolidated financial statements.
Share Statutory
Other
Retained
Notes
capital
reserves
reserves
earnings
Total
At March 31, 2011
$ 7,037,040 56,541,995
1,579,463
4,587,590 69,746,088
Total c mpreh nsive income
-
-
(180,000)
9,939,382 9,759,382
Issue of shares
387,720
-
-
-
387,720
Redemption of sha es
(31,080)
-
-
-
(31,080)
Transfer to statutory reserves
20
-
6,349,725
-
(6,349,725)
-
Entranc fee
20
-
16,155
-
-
16,155
Transfer to special reserves
21
-
-
751,852
(751,852)
-
Special res rv s released
to retained earnings
21
-
-
(880,079)
880,079
-
Distributions to members
7 - -
-
(1,414,608)
(1,414,608)
At March 31, 2012
7,393,680 62,907,875
1,271,236
6,890,866 78,463,657
Total comprehensive income
-
-
(95,000)
12,082,114 11,987,114
Issue of shares
418,440
-
-
-
418,440
Redemption of shares
(51,720)
-
-
-
(51,720)
Transfer to statutory reserves
20
-
8,568,868
-
(8,568,868)
-
Entrance fees
20
-
17,435
-
-
17,435
Transfer to special reserves
21
-
-
914,280
(914,280)
-
Special reserves released
to retained earnings
21
-
-
(871,210)
871,210
-
Distributions to members
7 - -
-
(1,543,0 )
(1,543,019)
At M r h 31, 2013
$ 7,760,400 71,494,178
1,219,306 8,818,023 89,291,907
The accompanying notes form an integral part of these non-consolidated financial statements.
15
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
ANNUAL REPORT 2013
