Non-Consolidated Annual Report 2016

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED NON-CONSOLIDATED ANNUAL REPORT 2016 20 4 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Non-consolidated Statement of Financial Position As at March 31, 2016 With comparative figures as at March 31, 2015 (Expressed in Barbados dollars) Notes 2016 2015 Assets Cash resources 9 $ 102,162,229 93,772,722 Financial investments - Held-to-maturity 10 29,074,183 25,838,462 - Available-for-sale 10 2,279,438 1,887,522 Loans and advances 11 817,838,770 746,496,939 Property and equipment 12 29,546,947 27,404,608 Pension plan asset 13 437,778 687,429 Investment in subsidiary 14 11,500,000 8,500,000 Due from related companies 22 17,307,614 17,425,274 Other assets 15 10,103,504 8,206,682 Total Assets $ 1,020,250,463 930,219,638 Liabilities and Equity Liabilities Deposits 16 $ 862,899,691 775,116,285 Loans payable 17 22,283,315 33,445,132 Reimbursable shares 7,165,090 6,700,221 Asset tax payable 7 502,607 906,405 Other liabilities 18 8,558,025 7,418,620 Total liabilities 901,408,728 823,586,663 Equity Share capital 19 9,407,400 8,763,840 Statutory reserves 20 97,245,033 89,492,577 Other reserves 21 4,424,898 2,785,431 Retained earnings 7,764,404 5,591,127 Total equity 118,841,735 106,632,975 Total Liabilities and Equity $ 1,020,250,463 930,219,638 The accompanying notes form an integral part of these non-consolidated financial statements. Approved by the Board of Directors on June 6, 2016 and signed on its behalf by: ............................................................... ............................................................... Glendon Belle Anthony Christie President Treasurer