Consolidated Annual Report 2016

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED CONSOLIDATED ANNUAL REPORT 2016 36 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2016 (Expressed in Barbados dollars) 24 4. Other Income 2016 2015 Fee income $ 1,605,943 1,325,492 Legal income 1,145,884 1,016,349 Rental income 90,612 75,264 Bad debt recoveries 1,035,086 396,008 Insurance agency commissions 1,011,068 742,877 Dividend income 116,078 114,792 Realised gain on sale of investments 2,387 - Gain on disposal of equipment 5,301 44,511 Lease income - 2,260 Other 8,790 12,308 $ 5,021,149 3,729,861 5. Staff Costs 2016 2015 Salaries $ 13,545,031 11,516,983 National Insurance scheme contributions 1,055,453 959,916 Pension plan – defined contribution plan 88,965 94,256 Pension plan – defined benefit plan (Note 14) 567,412 604,268 Other costs 1,963,229 1,459,486 $ 17,220,090 14,634,909