Non-Consolidated Annual Report 2015

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED NON-CONSOLIDATED ANNUAL REPORT 2015 34 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Non-consolidated Financial Statements For the year ended March 31, 2015 (Expressed in Barbados dollars) 22 8. Distributions to Members Distributions to members include a dividend of $0.231 (2014 - $0.233) per share amounting to $393,544 (2014 - $372,400) and interest rebate amounting to $1,564,953 (2014 - $1,516,008). 9. Cash Resources 2015 2014 Cash on hand $ 6,627,130 5,295,019 Cash at bank 28,788,744 43,983,032 Short term deposits 9,524,610 3,815,319 Total cash and cash equivalents 44,940,484 53,093,370 Other term deposits 48,832,238 56,135,132 Total cash resources $ 93,772,722 109,228,502 The average effective yield on cash resources during the year was 0.18% (2014 - 0.20%). 10. Financial Investments The amount comprises: 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 The average effective yield during the year on held-to-maturity investments was 6.15% (2014 - 6.03%). 2015 2014 Available-for-sale Equities - quoted (i) $ 1,205,000 1,290,000 Equities - unquoted 682,522 664,348 $ 1,887,522 1,954,348 (i) This represents the Credit Unionʼs investment in 500,000 (2014 - 500,000) common shares. As at March 31, 2015, the quoted bid price of these common shares was $2.41 (2014 - $2.58) per share.