Non-Consolidated Annual Report 2017

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2017 22 8 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Non-consolidated Statement of Financial Position As at March 31, 2017 With comparative figures as at March 31, 2016 (Expressed in Barbados dollars) Notes 2017 2016 Assets Cash resources 9 $ 94,019,618 102,162,229 Financial investments - Held-to-maturity 10 28,536,207 29,074,183 - Available-for-sale 10 2,542,159 2,279,438 Loans and advances 11 900,439,540 817,838,770 Property and equipment 12 41,783,647 29,546,947 Pension plan asset 13 1,232,061 437,778 Investment in subsidiary 14 11,500,000 11,500,000 Due from related companies 22 20,438,323 17,307,614 Other assets 15 11,086,864 10,103,504 Total Assets $ 1,111,578,419 1,020,250,463 Liabilities and Equity Liabilities Deposits 16 $ 956,135,197 862,899,691 Loans payable 17 5,317,376 22,283,315 Reimbursable shares 7,875,475 7,165,090 Asset tax payable 7 - 502,607 Other liabilities 18 8,381,530 8,558,025 Total liabilities 977,709,578 901,408,728 Equity Share capital 19 10,083,720 9,407,400 Statutory reserves 20 107,206,991 97,245,033 Other reserves 21 5,483,974 4,424,898 Retained earnings 11,094,156 7,764,404 Total equity 133,868,841 118,841,735 Total Liabilities and Equity $ 1,111,578,419 1,020,250,463 The accompanying notes form an integral part of these non-consolidated financial statements. Approved by the Board of Directors on May 18, 2017 and signed on its behalf by: ............................................................... ............................................................... Raphael Holder Anthony Christie President Treasurer