BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2015
16
4
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
Non-consolidated Statement of Financial Position
As at March 31, 2015
With comparative figures as at March 31, 2014
(Expressed in Barbados dollars)
Notes
2015
2014
Assets
Cash resources
9
$
93,772,722
109,228,502
Financial investments
- Held-to-maturity
10
25,838,462
20,395,633
- Available-for-sale
10
1,887,522
1,954,348
Loans and advances
11
746,496,939
684,331,479
Property and equipment
12
27,404,608
27,625,664
Pension plan asset
13
687,429
5,716
Investment in subsidiary
14
8,500,000
8,500,000
Due from related companies
22
17,425,274
17,107,462
Other assets
15
8,206,682
7,443,112
Total Assets
$ 930,219,638
876,591,916
Liabilities and Equity
Liabilities
Deposits
16
$
775,116,285
721,766,830
Loans payable
17
33,445,132
43,688,473
Reimbursable shares
6,700,221
5,351,432
Asset tax payable
7
906,405
-
Other liabilities
18
7,418,620
7,967,387
Total liabilities
823,586,663
778,774,122
Equity
Share capital
19
8,763,840
8,240,280
Statutory reserves
20
89,492,577
81,723,453
Other reserves
21
2,785,431
1,914,486
Retained earnings
5,591,127
5,939,575
Total equity
106,632,975
97,817,794
Total Liabilities and Equity
$ 930,219,638
876,591,916
The accompanying notes form an integral part of these non-consolidated financial statements.
Approved by the Board of Directors on May 28, 2015 and signed on its behalf by:
...............................................................
...............................................................
Glendon Belle
Anthony Christie
President
Treasurer
