BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2016
8
FINANCIAL HIGHLIGHTS
FINANCIAL HIGHLIGHTS - FIVE YEAR REVIEW
In Bds $’000
2016
2015
2014
2013
2012
Statement of financial position:
Assets
Cash and equivalents
49,511
44,940
53,093
45,861
27,958
Investments and other short term deposits
84,004
76,559
78,485
82,612
75,989
Loans to Members (net)
817,839
746,497
684,331
651,868
642,797
Property and Equipment
29,547
27,405
27,626
26,716
25,784
Other
39,349
34,819
33,057
19,788
19,323
1,020,250
930,220
876,592
826,845
791,851
Liabilities
Deposits
862,900
775,116
721,767
672,403
646,435
Loans Payable
22,283
33,445
43,688
55,432
59,661
Other
16,226
15,026
13,319
9,943
6,912
901,409
823,587
778,774
737,778
713,008
Equity
Share Capital
9,407
8,764
8,240
7,760
7,394
Reserve Fund
97,245
89,493
81,724
71,494
62,908
Other Reserves
4,425
2,785
1,914
1,084
1,650
Retained earnings
7,764
5,591
5,940
8,729
6,891
118,841
106,633
97,818
89,067
78,843
1,020,250
930,220
876,592
826,845
791,851
Statement of income:
Interest Income
76,368
69,151
67,486
64,638
63,016
Interest Expense
25,917
24,712
23,763
23,442
24,038
Net Interest Income
50,451
44,439
43,723
41,196
38,978
Other income
3,549
2,566
2,419
2,903
2,911
Net income and other income
54,000
47,005
46,142
44,099
41,889
Loan impairment expense
3,789
3,712
4,409
4,790
3,864
Net operating income
50,211
43,293
41,733
39,309
38,025
Total operating expenses
34,720
32,336
31,306
27,316
28,086
Net income before Levies
15,491
10,957
10,427
11,993
9,939
Tax of Assets
1,949
1,351
0
0
0
Net income after Levies
13,542
9,606
10,427
11,993
9,939
