Consolidated Annual Report 2015

19 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED CONSOLIDATED ANNUAL REPORT 2015 6 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Consolidated Statement of Changes in Equity For the year ended March 31, 2015 With comparative figures for 2014 (Expressed in Barbados dollars) Share Statutory Other Retained Notes Capital Reserves Reserves Earnings Restated balance at March 31, 2013 $ 7,760,400 71,540,222 1,077,959 6,775,326 Net income - - - 11,127,413 Other comprehensive income - - (291,645) - Issue of shares 521,400 - - - Redemption of shares (41,520) - - - Transfer to statutory reserves 21 - 10,329,252 - (10,329,252 Entrance fees 21 - 21,725 - - Transfer to special reserves 22 - - 1,105,025 (1,105,025 Special reserves released to retained earnings 22 - - (840,745) 840,745 Reserve for interest on non-performing loans 22 - - 856,560 (856,560 Distributions to members 9 - - - (1,888,408 At March 31, 2014 8,240,280 81,891,199 1,907,154 4,564,239 Net income - - - 9,641,557 Other comprehensive income - - 614,164 - Issue of shares 584,280 - - - Redemption of shares (60,720) - - - Transfer to statutory reserves 21 - 7,888,242 - (7,888,242 Entrance fees 21 - 24,345 - - Transfer to special reserves 22 - - 887,398 (887,398 Special reserves released to retained earnings 22 - - (1,065,814) 1,065,814 Reserve for interest on non-performing loans 22 - - 429,853 (429,853 Distributions to members 9 - - - (1,958,497 At March 31, 2015 $ 8,763,840 89,803,786 2,772,755 4,107,620 The accompanying notes form an integral part of these consolidated financial statements. Share Statutory Other Retained Notes capital reserves reserves earning Total t t l t , $ 7,760,400 71,540,222 1,0 7,959 6,775,326 87,153,907 - - - 11,127,413 11,127,4 3 i i - - (291,645) - (291,645) I f 521,400 - - - 521,400 ti f r (41,520) - - - (41,520) r sf r t st t t ry r s rv s 21 - 10,329,252 - (10,329,252) - ntrance fees 21 - 21,725 - - 21,725 Transfer to special reserves 22 - - 1,105,025 (1,105,025) - Special reserves released to retained earnings 22 - - (840,745) 840,745 - Reserve for interest on non-performing loans 22 - - 856,560 (856,560) - Distributions to members 9 - - - (1,888,408) (1,888,408) At March 31, 2014 8,240,280 81,891,199 1,907,154 4,564,239 96,602,872 Net income - - - 9,641,557 9,641,557 Other comprehensive income - - 614,164 - 614,164 Issue of shares 584,280 - - - 584,280 Redemption of shares (60,720) - - - (60,720) r f r t tatutory reserves 21 - 7,888,242 - (7,888,242) - Entrance fe s 21 - 24,345 - - 24,345 Transfer o speci l reserves 22 - - 887,398 (887,398) - Special reserv s released to retained earnings 22 - - (1,065,814) 1,065,814 - Reserve for interest on non-performing loans 22 - - 429,853 (429,853) - Distributions to members 9 - - - (1,958,497) (1,958,497) At M r h 31, 2015 $ 8,763,840 89,803,786 2,772,755 4,107,620 105,448,001 The accompanying notes form an integral part of these consolidated financial statements.