19
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
CONSOLIDATED ANNUAL REPORT 2015
6
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
Consolidated Statement of Changes in Equity
For the year ended March 31, 2015
With comparative figures for 2014
(Expressed in Barbados dollars)
Share
Statutory
Other
Retained
Notes
Capital
Reserves
Reserves
Earnings
Restated balance at March 31, 2013
$ 7,760,400
71,540,222
1,077,959
6,775,326
Net income
-
-
-
11,127,413
Other comprehensive income
-
-
(291,645)
-
Issue of shares
521,400
-
-
-
Redemption of shares
(41,520)
-
-
-
Transfer to statutory reserves
21
-
10,329,252
-
(10,329,252
Entrance fees
21
-
21,725
-
-
Transfer to special reserves
22
-
-
1,105,025
(1,105,025
Special reserves released
to retained earnings
22
-
-
(840,745)
840,745
Reserve for interest on non-performing loans 22
-
-
856,560
(856,560
Distributions to members
9
-
-
-
(1,888,408
At March 31, 2014
8,240,280
81,891,199
1,907,154
4,564,239
Net income
-
-
-
9,641,557
Other comprehensive income
-
-
614,164
-
Issue of shares
584,280
-
-
-
Redemption of shares
(60,720)
-
-
-
Transfer to statutory reserves
21
-
7,888,242
-
(7,888,242
Entrance fees
21
-
24,345
-
-
Transfer to special reserves
22
-
-
887,398
(887,398
Special reserves released
to retained earnings
22
-
-
(1,065,814)
1,065,814
Reserve for interest on non-performing loans 22
-
-
429,853
(429,853
Distributions to members
9
-
-
-
(1,958,497
At March 31, 2015
$ 8,763,840
89,803,786
2,772,755
4,107,620
The accompanying notes form an integral part of these consolidated financial statements.
Share
Statutory
Other
Retained
Notes
capital
reserves
reserves
earning
Total
t t l
t
,
$ 7,760,400 71,540,222
1,0 7,959
6,775,326 87,153,907
-
-
-
11,127,413 11,127,4 3
i
i
-
-
(291,645)
-
(291,645)
I
f
521,400
-
-
-
521,400
ti
f
r
(41,520)
-
-
-
(41,520)
r sf r t st t t ry r s rv s
21
-
10,329,252
-
(10,329,252)
-
ntrance fees
21
-
21,725
-
-
21,725
Transfer to special reserves
22
-
-
1,105,025 (1,105,025)
-
Special reserves released
to retained earnings
22
-
-
(840,745)
840,745
-
Reserve for interest on
non-performing loans
22
-
-
856,560
(856,560)
-
Distributions to members
9 -
-
-
(1,888,408) (1,888,408)
At March 31, 2014
8,240,280 81,891,199
1,907,154
4,564,239 96,602,872
Net income
-
-
-
9,641,557 9,641,557
Other comprehensive income
-
-
614,164
-
614,164
Issue of shares
584,280
-
-
-
584,280
Redemption of shares
(60,720)
-
-
-
(60,720)
r f r t tatutory reserves
21
-
7,888,242
-
(7,888,242)
-
Entrance fe s
21
-
24,345
-
-
24,345
Transfer o speci l reserves
22
-
-
887,398
(887,398)
-
Special reserv s released
to retained earnings
22
-
-
(1,065,814)
1,065,814
-
Reserve for interest on
non-performing loans
22
-
-
429,853
(429,853)
-
Distributions to members
9 -
-
-
(1,958,497) (1,958,497)
At M r h 31, 2015
$ 8,763,840 89,803,786
2,772,755 4,107,620 105,448,001
The accompanying notes form an integral part of these consolidated financial statements.
