BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2016
23
7
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
Non-consolidated Statement of Cash Flows
For the year ended March 31, 2016
With comparative figures for 2015
(Expressed in Barbados dollars)
Note
2016
2015
Cash Flows from Financing Activities
Net decrease in loans payable
(11,161,817)
(10,243,341)
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
(12,526,066) (11,653,933)
Net increase (decrease) in cash and cash equivalents
4,571,065
(8,152,886)
Cash and cash equivalents, beginning of year
44,940,484
53,093,370
Cash and cash equivalents, end of year
9
$ 49,511,549
44,940,484
The accompanying notes form an integral part of these non-consolidated financial statements.
