Non-Consolidated Annual Report 2015

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED NON-CONSOLIDATED ANNUAL REPORT 2015 43 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) 32 14. Investment in Subsidiary 2015 2014 BPW Financial Holdings Inc. – 100% $ 8,500,000 8,500,000 On July 9, 2013, the Board of Directors approved a resolution for the issuance of an additional $2,000,000 in share capital. On March 25, 2014, the Board of Directors approved a further resolution for the issuance of an additional $4,500,000 in share capital. 15. Other Assets Other assets are comprised of the following: 2015 2014 Accounts receivable $ 3,640,559 3,035,974 Prepaid employee benefit (Note 18) 2,354,990 2,581,584 Prepaid expenses 1,914,643 1,736,880 Interest receivable on cash resources 54,985 33,674 Dividend receivable 55,000 55,000 Other Assets re Goodwill Credit Union (Note 27) 186,505 - $ 8,206,682 7,443,112