Non-Consolidated Annual Report 2017

41 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) 26 8. Distributions to Members Distributions to members include a dividend of $0.238 (2016 - $0.238) per share amounting to $447,769 (2016 - $417,329) and interest rebate amounting to $2,188,556 (2016 - $1,620,780). 9. Cash Resources 2017 2016 Cash on hand $ 8,855,728 9,664,017 Cash and cash equivalents 42,300,056 39,847,532 Total cash and cash equivalents 51,155,784 49,511,549 Other term deposits 42,863,834 52,650,680 Total cash resources $ 94,019,618 102,162,229 The average effective yield on cash resources during the year was 0.04% (2016 - 0.06%). 10. Financial Investments The amount comprises: 2017 2016 Held-to-maturity Government securities $ 28,260,012 28,061,741 Interest receivable 276,195 1,012,442 $ 28,536,207 29,074,183 The average effective yield during the year on held-to-maturity investments was 6.28% (2016 - 6.28%). 2017 2016 Available-for-sale Equities - quoted (i) $ 1,775,000 1,525,000 Equities - unquoted 767,159 754,438 $ 2,542,159 2,279,438 (i) This represents the Credit Union’s investment in 500,000 (2016 - 500,000) common shares. As at March 31, 2017, the quoted bid price of these common shares was $3.55 (2016 - $3.05) per share.