Non-Consolidated Annual Report 2016

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED NON-CONSOLIDATED ANNUAL REPORT 2016 49 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) 33 14. Investment in Subsidiary 2016 2015 BPW Financial Holdings Inc. – 100% $ 11,500,000 8,500,000 On November 26, 2015, the Board of Directors approved a resolution for the issuance of an additional $3,000,000 in share capital. 15. Other Assets Other assets are comprised of the following: 2016 2015 Accounts receivable $ 4,997,416 3,640,559 Prepaid employee benefit (Note 18) 3,120,994 2,354,990 Prepaid expenses 1,869,940 1,914,643 Interest receivable on cash resources 17,620 54,985 Dividend receivable 55,000 55,000 Other Assets re Goodwill Credit Union (Note 27) 42,534 186,505 $ 10,103,504 8,206,682