BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2016
49
BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED
Notes to the Non-consolidated Financial Statements
For the year ended March 31, 2016
(Expressed in Barbados dollars)
33
14. Investment in Subsidiary
2016
2015
BPW Financial Holdings Inc. – 100%
$ 11,500,000
8,500,000
On November 26, 2015, the Board of Directors approved a resolution for the issuance of an additional
$3,000,000 in share capital.
15. Other Assets
Other assets are comprised of the following:
2016
2015
Accounts receivable
$
4,997,416
3,640,559
Prepaid employee benefit (Note 18)
3,120,994
2,354,990
Prepaid expenses
1,869,940
1,914,643
Interest receivable on cash resources
17,620
54,985
Dividend receivable
55,000
55,000
Other Assets re Goodwill Credit Union (Note 27)
42,534
186,505
$ 10,103,504
8,206,682
