Non-Consolidated Annual Report 2015

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED NON-CONSOLIDATED ANNUAL REPORT 2015 16 4 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Non-consolidated Statement of Financial Position As at March 31, 2015 With comparative figures as at March 31, 2014 (Expressed in Barbados dollars) Notes 2015 2014 Assets Cash resources 9 $ 93,772,722 109,228,502 Financial investments - Held-to-maturity 10 25,838,462 20,395,633 - Available-for-sale 10 1,887,522 1,954,348 Loans and advances 11 746,496,939 684,331,479 Property and equipment 12 27,404,608 27,625,664 Pension plan asset 13 687,429 5,716 Investment in subsidiary 14 8,500,000 8,500,000 Due from related companies 22 17,425,274 17,107,462 Other assets 15 8,206,682 7,443,112 Total Assets $ 930,219,638 876,591,916 Liabilities and Equity Liabilities Deposits 16 $ 775,116,285 721,766,830 Loans payable 17 33,445,132 43,688,473 Reimbursable shares 6,700,221 5,351,432 Asset tax payable 7 906,405 - Other liabilities 18 7,418,620 7,967,387 Total liabilities 823,586,663 778,774,122 Equity Share capital 19 8,763,840 8,240,280 Statutory reserves 20 89,492,577 81,723,453 Other reserves 21 2,785,431 1,914,486 Retained earnings 5,591,127 5,939,575 Total equity 106,632,975 97,817,794 Total Liabilities and Equity $ 930,219,638 876,591,916 The accompanying notes form an integral part of these non-consolidated financial statements. Approved by the Board of Directors on May 28, 2015 and signed on its behalf by: ............................................................... ............................................................... Glendon Belle Anthony Christie President Treasurer