Non-Consolidated Annual Report 2016

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED NON-CONSOLIDATED ANNUAL REPORT 2016 8 FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS - FIVE YEAR REVIEW In Bds $’000 2016 2015 2014 2013 2012 Statement of financial position: Assets Cash and equivalents 49,511 44,940 53,093 45,861 27,958 Investments and other short term deposits 84,004 76,559 78,485 82,612 75,989 Loans to Members (net) 817,839 746,497 684,331 651,868 642,797 Property and Equipment 29,547 27,405 27,626 26,716 25,784 Other 39,349 34,819 33,057 19,788 19,323 1,020,250 930,220 876,592 826,845 791,851 Liabilities Deposits 862,900 775,116 721,767 672,403 646,435 Loans Payable 22,283 33,445 43,688 55,432 59,661 Other 16,226 15,026 13,319 9,943 6,912 901,409 823,587 778,774 737,778 713,008 Equity Share Capital 9,407 8,764 8,240 7,760 7,394 Reserve Fund 97,245 89,493 81,724 71,494 62,908 Other Reserves 4,425 2,785 1,914 1,084 1,650 Retained earnings 7,764 5,591 5,940 8,729 6,891 118,841 106,633 97,818 89,067 78,843 1,020,250 930,220 876,592 826,845 791,851 Statement of income: Interest Income 76,368 69,151 67,486 64,638 63,016 Interest Expense 25,917 24,712 23,763 23,442 24,038 Net Interest Income 50,451 44,439 43,723 41,196 38,978 Other income 3,549 2,566 2,419 2,903 2,911 Net income and other income 54,000 47,005 46,142 44,099 41,889 Loan impairment expense 3,789 3,712 4,409 4,790 3,864 Net operating income 50,211 43,293 41,733 39,309 38,025 Total operating expenses 34,720 32,336 31,306 27,316 28,086 Net income before Levies 15,491 10,957 10,427 11,993 9,939 Tax of Assets 1,949 1,351 0 0 0 Net income after Levies 13,542 9,606 10,427 11,993 9,939