BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
CONSOLIDATED ANNUAL REPORT 2016
36
BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED
Notes to the Consolidated Financial Statements
For the year ended March 31, 2016
(Expressed in Barbados dollars)
24
4.
Other Income
2016
2015
Fee income
$ 1,605,943 1,325,492
Legal income
1,145,884 1,016,349
Rental income
90,612
75,264
Bad debt recoveries
1,035,086
396,008
Insurance agency commissions
1,011,068
742,877
Dividend income
116,078
114,792
Realised gain on sale of investments
2,387
-
Gain on disposal of equipment
5,301
44,511
Lease income
-
2,260
Other
8,790
12,308
$ 5,021,149 3,729,861
5.
Staff Costs
2016
2015
Salaries
$ 13,545,031 11,516,983
National Insurance scheme contributions
1,055,453
959,916
Pension plan – defined contribution plan
88,965
94,256
Pension plan – defined benefit plan (Note 14)
567,412
604,268
Other costs
1,963,229 1,459,486
$ 17,220,090 14,634,909
