BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
CONSOLIDATED ANNUAL REPORT 2016
18
6
BARBADOS PUBLIC WORKERSʼ CO-OPERATIVE CREDIT UNION LIMITED
Consolidated Statement of Changes in Equity
For the year ended March 31, 2016
With comparative figures for 2015
(Expressed in Barbados dollars)
Share
Statutory
Other
Retained
Notes
Capital
Reserves
Reserves
Earnings
Total
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)
Transfer to statutory reserves
21
-
7,888,242
-
(7,888,242)
-
Entrance fees
21
-
24,345
-
-
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)
(1,958,497)
At March 31, 2015
8,763,840
89,803,786
2,772,755
4,107,620 105,448,001
Net income
-
-
-
13,182,297
13,182,297
Other comprehensive income
-
-
30,342
-
30,342
Issue of shares
727,200
-
-
727,200
Redemption of shares
(83,640)
-
-
-
(83,640)
Transfer to statutory reserves
21
-
7,823,761
-
(7,823,761)
-
Entrance fees
21
-
30,300
-
-
30,300
Transfer to special reserves
22
-
-
932,111
(932,111)
-
Special reserves released
to retained earnings
22
-
-
(601,893)
601,893
-
Reserve for interest on non-performing loans 22
-
-
1,278,967
(1,278,967)
-
Distributions to members
9
-
-
-
(2,038,109)
(2,038,109)
At March 31, 2016
$ 9,407,400
97,657,847
4,412,282
5,818,862 117,296,391
The accompanying notes form an integral part of these consolidated financial statements.
