BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2016
21
5
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
Non-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
81,723,453
1,914,486
5,939,575
97,817,794
Net income
-
-
-
9,606,265
9,606,265
Other comprehensive income
-
-
619,508
-
619,508
Issue of shares
584,280
-
-
-
584,280
Redemption of shares
(60,720)
-
-
-
(60,720)
Transfer to statutory reserves
20
-
7,744,779
-
(7,744,779)
-
Entrance fees
20
-
24,345
-
-
24,345
Transfer to special reserves
21
-
-
887,398
(887,398)
-
Special reserves released
to retained earnings
21
-
-
(1,065,814)
1,065,814
-
Net reserve for interest on non-
performing loans
21
-
-
429,853
(429,853)
-
Distributions to members
8
-
-
-
(1,958,497)
(1,958,497)
At March 31, 2015
8,763,840
89,492,577
2,785,431
5,591,127
106,632,975
Net income
-
-
-
13,542,727
13,542,727
Other comprehensive income
-
-
30,282
-
30,282
Issue of shares
727,200
-
-
-
727,200
Redemption of shares
(83,640)
-
-
-
(83,640)
Transfer to statutory reserves
20
-
7,722,156
-
(7,722,156)
-
Entrance fees
20
-
30,300
-
-
30,300
Transfer to special reserves
21
-
-
932,111
(932,111)
-
Special reserves released
to retained earnings
21
-
-
(601,893)
601,893
-
Net reserve for interest on non-
performing loans
21
-
-
1,278,967
(1,278,967)
-
Distributions to members
8
-
-
-
(2,038,109)
(2,038,109)
At March 31, 2016
$
9,407,400
97,245,033
4,424,898
7,764,404
118,841,735
The accompanying notes form an integral part of these non-consolidated financial statements.
