BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2015
8
FINANCIAL HIGHLIGHTS
FINANCIAL HIGHLIGHTS - FIVE YEAR REVIEW
In Bds $’000
2015
2014
2013
2012
2011
Statement of financial position:
Assets
Cash and equivalents
44,940
53,093
45,861
27,958
29,465
Investments and other short term deposits
76,559
78,485
82,612
75,989
66,206
Loans to Members (net)
746,497
684,331
651,868
642,797
606,515
Property and Equipment
27,405
27,626
26,716
25,784
27,213
Other
34,819
33,057
19,788
19,323
16,172
930,220
876,592
826,845
791,473
745,571
Liabilities
Deposits
775,116
721,767
672,403
646,435
609,705
Loans Payable
33,445
43,688
55,432
59,661
60,170
Other
15,026
13,319
9,943
6,912
5,950
823,587
778,774
737,778
713,008
675,825
Equity
Share Capital
8,764
8,240
7,760
7,394
7,037
Reserve Fund
89,493
81,724
71,494
62,908
56,542
Other Reserves
2,785
1,914
1,084
1,650
1,579
Retained earnings
5,591
5,940
8,729
6891
4,588
106,633
97,818
89,067
78,843
69,746
930,220
876,592
826,845
791,851
745,571
Statement of income:
Interest Income
69,151
67,486
64,638
63,016
58,483
Interest Expense
24,712
23,763
23,442
24,038
23,118
Net Interest Income
44,439
43,723
41,196
38,978
35,365
Other income
2,566
2,419
2,903
2,911
2,861
Net income and other income
47,005
46,142
44,099
41,889
38,226
Loan impairment expense
3,712
4,409
4,790
3,864
5,526
Net operating income
43,293
41,733
39,309
38,025
32,700
Total operating expenses
33,687
31,306
27,316
28,086
25,909
Net income
9,606
10,427
11,993
9,939
6,791
