BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
CONSOLIDATED ANNUAL REPORT 2016
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8
BARBADOS PUBLIC WORKERSʼ CO-OPERATIVE CREDIT UNION LIMITED
Consolidated Statement of Cash Flows, continued
For the year ended March 31, 2016
With comparative figures for 2015
(Expressed in Barbados dollars)
Notes
2016
2015
Cash Flows from Financing Activities
Net decrease in loans payable
(11,023,612) (11,931,202)
Issue of shares
727,200
584,280
Entrance fees received
30,300
24,345
Redemption of shares
(83,640)
(60,720)
Distributions to members
(2,038,109)
(1,958,497)
Net cash used in financing activities
(12,387,861) (13,341,794)
Net increase (decrease) in cash and cash equivalents
16,936,135 (16,144,326)
Cash and cash equivalents, beginning of year
56,129,189 72,273,515
Cash and cash equivalents, end of year
10
$ 73,065,324 56,129,189
The accompanying notes form an integral part of these consolidated financial statements.
