Non-Consolidated Annual Report 2017

39 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2017 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Non-consolidated Financial Statements For the year ended March 31, 2017 (Expressed in Barbados dollars) 24 4. Other Income 2017 2016 Fee income $ 1,543,257 1,167,697 Legal income 1,239,028 1,145,884 Rental income 67,757 90,612 Bad debt recoveries 1,002,364 1,035,086 Dividend income 103,923 109,512 Gain (loss) on disposal of equipment 8,786 (143) $ 3,965,115 3,548,648 5. Staff Costs 2017 2016 Salaries $ 12,547,522 11,596,320 National Insurance Scheme contributions 979,517 915,532 Pension plan – defined benefit plan (Note 13) 557,575 567,412 Other costs 1,746,498 1,791,992 $ 15,831,112 14,871,256