Consolidated Annual Report 2015

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED CONSOLIDATED ANNUAL REPORT 2015 42 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2015 (Expressed in Barbados dollars) 29 11. Financial Investments Financial investments comprise: 2015 2014 Held to maturity Government securities $ 25,109,000 20,109,000 Interest receivable 729,462 286,633 $ 25,838,462 20,395,633 During the year ended March 31, 2015, interest rates varied from 4.13% to 8.50% per annum (2014 - 1.75% to 8.50%). 2015 2014 Available-for-sale Equities - quoted $ 1,350,698 1,443,169 Equities - unquoted 682,522 664,348 $ 2,033,220 2,107,517 2015 2014 Loans and receivables Government securities $ 3,045,493 2,870,118 Interest receivable 67,287 311,458 $ 3,112,780 3,181,576 During the year ended March 31, 2015, interest rates varied from 6.12% to 7.38% per annum (2014 – 4.25% to 7.40%). Investments include treasury bills of $2,150,000 (2014 – $2,150,000) held as a result of a subsidiaryʼs regulatory requirement to maintain 1.5% of total domestic deposits as a statutory reserve.