BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2015
17
5
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
Non-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
71,494,178
1,084,254
8,729,309
Net income
-
-
-
10,427,064
Other comprehensive income
-
-
(290,608)
-
Issue of shares
521,400
-
-
-
Redemption of shares
(41,520)
-
-
-
Transfer to statutory reserves
20
-
10,207,550
-
(10,207,550)
Entrance fees
20
-
21,725
-
-
Transfer to special reserves
21
-
-
1,105,025
(1,105,025)
Special reserves released
to retained earnings
21
-
-
(840,745)
840,745
Net reserve for interest on non-
performing loans
21
-
-
856,560
(856,560)
Distributions to members
8
-
-
-
(1,888,408)
At March 31, 2014
8,240,280
81,723,453
1,914,486
5,939,575
Net income
-
-
-
9,606,265
Other comprehensive income
-
-
619,508
-
Issue of shares
584,280
-
-
-
Redemption of shares
(60,720)
-
-
-
Transfer to statutory reserves
20
-
7,744,779
-
(7,744,779)
Entrance fees
20
-
24,345
-
-
Transfer to special reserves
21
-
-
887,398
(887,398)
Special reserves released
to retained earnings
21
-
-
(1,065,814)
1,065,814
Net reserve for interest on non-
performing loans
21
-
-
429,853
(429,853)
Distributions to members
8
-
-
-
(1,958,497)
At March 31, 2015
$
8,763,840
89,492,577
2,785,431
5,591,127
The accompanying notes form an integral part of these non-consolidated financial statements.
Share
tatutory
Other
Retained
Notes
capital
reserves
r r
earnings
Total
Restated
balance at March 31, 2013
$ 7,760,400 71,494,178
1,084,254
8,729,309 89,068,141
Net income
-
-
-
10,427,064 10,427,064
Other comprehensive income
-
-
(290,608)
-
(290,608)
Issue of shares
521,400
-
-
-
521,400
Redemption of shares
(41,520)
-
-
-
(41,520)
Transfer to statutory reserves
20
-
10,207,550
-
(10,207,550)
-
Entrance fees
20
-
21,725
-
-
21,725
Transfer to special reserves
21
-
-
1,105,025 (1,105,025)
-
Special reserves released
to retained earnings
21
-
-
(840,745)
840,745
-
Net reserve for interest on non-
performing loans
21
-
-
856,560
(856,560)
-
Distributions to members
8 - -
-
(1,888,408) (1,888,408)
At March 31, 2014
8,240,280 81,723,453
1,914,486
5,939,575 97,817,794
Net income
-
-
-
9,606,265 9,606,265
Other comprehensive income
-
-
619,508
-
619,508
Issue of shares
584,280
-
-
-
584,280
Redemption of shares
(60,720)
-
-
-
(60,720)
Transfer to statutory reserves
20
-
7,744,779
-
(7,744,779)
-
Entrance fees
20
-
24,345
-
-
24,345
Transfer to special reserves
21
-
-
887,398
(887,398)
-
Special reserves released
to retained earnings
21
-
-
(1,065,814)
1,065,814
-
Net reserve for interest on non-
perfo ming loans
21
-
-
29 853
(4 9, 3)
-
Distributi ns to member
8 -
-
-
(1,958,497) (1,958,497)
At March 31, 2015
$ 8,763,840 89,492,577
2,785,431 5,591,127 106,632,975
The accompanying notes form an integral part of these non-consolidated financial statements.
