Non-Consolidated Annual Report 2015

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED NON-CONSOLIDATED ANNUAL REPORT 2015 8 FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS - FIVE YEAR REVIEW In Bds $’000 2015 2014 2013 2012 2011 Statement of financial position: Assets Cash and equivalents 44,940 53,093 45,861 27,958 29,465 Investments and other short term deposits 76,559 78,485 82,612 75,989 66,206 Loans to Members (net) 746,497 684,331 651,868 642,797 606,515 Property and Equipment 27,405 27,626 26,716 25,784 27,213 Other 34,819 33,057 19,788 19,323 16,172 930,220 876,592 826,845 791,473 745,571 Liabilities Deposits 775,116 721,767 672,403 646,435 609,705 Loans Payable 33,445 43,688 55,432 59,661 60,170 Other 15,026 13,319 9,943 6,912 5,950 823,587 778,774 737,778 713,008 675,825 Equity Share Capital 8,764 8,240 7,760 7,394 7,037 Reserve Fund 89,493 81,724 71,494 62,908 56,542 Other Reserves 2,785 1,914 1,084 1,650 1,579 Retained earnings 5,591 5,940 8,729 6891 4,588 106,633 97,818 89,067 78,843 69,746 930,220 876,592 826,845 791,851 745,571 Statement of income: Interest Income 69,151 67,486 64,638 63,016 58,483 Interest Expense 24,712 23,763 23,442 24,038 23,118 Net Interest Income 44,439 43,723 41,196 38,978 35,365 Other income 2,566 2,419 2,903 2,911 2,861 Net income and other income 47,005 46,142 44,099 41,889 38,226 Loan impairment expense 3,712 4,409 4,790 3,864 5,526 Net operating income 43,293 41,733 39,309 38,025 32,700 Total operating expenses 33,687 31,306 27,316 28,086 25,909 Net income 9,606 10,427 11,993 9,939 6,791