BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2016
20
4
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
Non-consolidated Statement of Financial Position
As at March 31, 2016
With comparative figures as at March 31, 2015
(Expressed in Barbados dollars)
Notes
2016
2015
Assets
Cash resources
9
$
102,162,229
93,772,722
Financial investments
- Held-to-maturity
10
29,074,183
25,838,462
- Available-for-sale
10
2,279,438
1,887,522
Loans and advances
11
817,838,770 746,496,939
Property and equipment
12
29,546,947
27,404,608
Pension plan asset
13
437,778
687,429
Investment in subsidiary
14
11,500,000
8,500,000
Due from related companies
22
17,307,614
17,425,274
Other assets
15
10,103,504
8,206,682
Total Assets
$ 1,020,250,463 930,219,638
Liabilities and Equity
Liabilities
Deposits
16
$
862,899,691 775,116,285
Loans payable
17
22,283,315
33,445,132
Reimbursable shares
7,165,090
6,700,221
Asset tax payable
7
502,607
906,405
Other liabilities
18
8,558,025
7,418,620
Total liabilities
901,408,728 823,586,663
Equity
Share capital
19
9,407,400
8,763,840
Statutory reserves
20
97,245,033
89,492,577
Other reserves
21
4,424,898
2,785,431
Retained earnings
7,764,404
5,591,127
Total equity
118,841,735 106,632,975
Total Liabilities and Equity
$ 1,020,250,463 930,219,638
The accompanying notes form an integral part of these non-consolidated financial statements.
Approved by the Board of Directors on June 6, 2016 and signed on its behalf by:
...............................................................
...............................................................
Glendon Belle
Anthony Christie
President
Treasurer
