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BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2014
6
FINANCIAL HIGHLIGHTS
FINANCIAL HIGHLIGHTS - FIVE YEAR REVIEW
In Bds $’000
2014
2013
2012
2011
2010
Restated
Restated
Restated
Statement of financial position:
Assets
Cash and cash equivalents
49,278
45,861
27,958
29,465
39,093
Investments and other short term deposits
82,300
82,612
75,989
66,206
53,890
Loans to Members (net)
684,331
651,868
642,797
606,515
545,488
Property and Equipment
27,626
26,716
25,784
27,213
27,419
Other
33,057
19,788
19,323
16,172
6,997
876,592
826,845
791,851
745,571
672,887
Liabilities
Deposits
721,767
672,403
646,435
609,705
556,123
Loans Payable
43,688
55,432
59,661
60,170
48,558
Other
13,319
9,943
6,912
5,950
4,354
778,774
737,778
713,008
675,825
609,035
Equity
Share Capital
8,240
7,760
7,394
7,037
6,634
Reserve Fund
81,724
71,494
62,908
56,542
48,321
Other Reserves
1,914
1,084
1,650
1,579
1,563
Retained Earnings
5,940
8,729
6,891
4,588
7,334
97,818
89,067
78,843
69,746
63,852
876,592
826,845
791,851
745,571
672,887
Statement of income:
Interest Income
67,486
64,638
63,016
58,483
53,124
Interest Expense
23,763
23,442
24,038
23,118
20,616
Net Interest Income
43,723
41,196
38,978
35,365
32,508
Other income
2,419
2,903
2,911
2,861
2,892
Net interest and other income
46,142
44,099
41,889
38,226
35,400
Loan impairment expense
4,409
4,790
3,864
5,526
3,624
Net operating income
41,733
39,309
38,025
32,700
31,776
Total expenses
31,306
27,316
28,086
25,909
21,601
Net income
10,427
11,993
9,939
6,791
10,175