BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
CONSOLIDATED ANNUAL REPORT 2015
6
CONSOLIDATED FINANCIAL HIGHLIGHTS
FOR THE YEARS ENDED MARCH 31, 2011 TO MARCH 31, 2015
In Bds $’000
2015
2014
2013
2012
2011
Statement of financial position:
Assets
Cash and equivalents
56,129
72,274
65,137
49,215
35,509
Investments and other short term deposits
83,628
76,039
73,991
71,556
56,603
Loans to Members (net)
906,060
825,149
774,615
749,729 712,623
Property and Equipment
30,060
30,009
27,263
26,553
28,194
Other
14,801
13,578
10,279
9,512
9,378
1,090,678 1,017,049
951,285
906,565 842,307
Liabilities
Deposits
915,312
839,052
772,320
735,909 673,773
Loans Payable
52,035
63,966
74,476
80,101
85,188
Other
17,883
17,428
17,335
14,448
15,626
985,230
920,446
864,131
830,458 774,587
Equity
Share Capital
8,764
8,240
7,760
7,394
7,037
Reserve Fund
89,804
81,891
71,540
62,954
56,885
Other Reserves
2,773
1,907
1,078
1,633
1,579
Retained earnings
4,107
4,565
6,776
4,126
2,219
105,448
96,603
87,154
76,107
67,720
1,090,678 1,017,049
951,285
906,565 842,307
Statement of income:
Interest Income
80,930
77,904
73,962
71,555
63,285
Interest Expense
31,176
29,172
28,444
28,615
25,352
Net Interest Income
49,754
48,732
45,518
42,940
37,933
Other income
3,730
3,446
4,032
3,640
3,250
Net income and other income
53,484
52,178
49,550
46,580
41,183
Loan impairment expense
3,951
4,699
4,890
3,993
5,593
Net operating income
49,533
47,479
44,660
42,587
35,590
Total operating expenses
39,756
36,132
31,534
33,163
29,538
Net income before taxes
9,777
11,347
13,126
9,424
6,052
