6
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
ANNUAL REPORT 2013
FINANCIAL HIGHLIGHTS
FINANCIAL HIGHLIGHTS - FIVE YEAR REVIEW
In Bds $’000
2013
2012
2011
2010
2009
Restated
Statement of financial position:
Assets
Cash and cash equivalents
45,861
27,958
29,465
39,093
41,290
Investments and other short term deposits
82,612
75,989
66,206
53,890
42,762
Loans to Members (net)
651,868
642,797
606,515
545,488
486,712
Property and Equipment
26,716
25,784
27,213
27,419
24,736
Other
20,012
18,945
16,172
6,997
3,864
827,069
791,473
745,571
672,887
599,364
Liabilities
Deposits
672,403
646,435
609,705
556,123
499,745
Loans Payable
55,432
59,661
60,170
48,558
41,077
Other
9,942
6,913
5,950
4,354
4,437
737,777
713,009
675,825
609,035
545,259
Equity
Share Capital
7,760
7,394
7,037
6,634
6,100
Reserve Fund
71,494
62,908
56,542
48,321
42,119
Other Reserves
1,219
1,271
1,579
1,563
1,468
Retained earnings
8,819
6,891
4,588
7,334
4,418
89,292
78,464
69,746
63,852
54,105
827,069
791,473
745,571
672,887
599,364
Statement of income:
Interest Income
64,639
63,016
58,483
53,124
49,803
Interest Expense
23,442
24,038
23,118
20,616
22,566
Net Interest Income
41,197
38,978
35,365
32,508
27,237
Other income
2,903
2,911
2,861
2,892
2,650
Net interest income and other income
44,100
41,889
38,226
35,400
29,887
Loan impairment expense
4,790
3,864
5,526
3,624
3,629
Net operating income
39,310
38,025
32,700
31,776
26,258
Total expenses
27,228
28,086
25,909
21,601
18,843
Net income
12,082
9,939
6,791
10,175
7,415
