Non-Consolidated Annual Report 2016

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED NON-CONSOLIDATED ANNUAL REPORT 2016 39 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Non-consolidated Financial Statements For the year ended March 31, 2016 (Expressed in Barbados dollars) 23 10. Financial Investments The amount comprises: 2016 2015 Held-to-maturity Government securities $ 28,061,741 25,109,000 Interest receivable 1,012,442 729,462 $ 29,074,183 25,838,462 The average effective yield during the year on held-to-maturity investments was 6.28% (2015 - 6.15%). 2016 2015 Available-for-sale Equities - quoted (i) $ 1,525,000 1,205,000 Equities - unquoted 754,438 682,522 $ 2,279,438 1,887,522 (i) This represents the Credit Union’s investment in 500,000 (2015 - 500,000) common shares. As at March 31, 2016, the quoted bid price of these common shares was $3.05 (2015 - $2.41) per share.