Non-Consolidated Annual Report 2017

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2017 8 FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS - FIVE YEAR REVIEW In Bds $’000 2017 2016 2015 2014 2013 Statement of financial position: Assets Cash and equivalents 51,156 49,512 44,940 53093 45,861 Investments and other short term deposits 73,942 84,004 76,559 78485 82,612 Loans to Members (net) 900,440 817,839 746,497 684331 651,868 Property and Equipment 41,784 29,547 27,405 27626 26,716 Other 44,256 39,348 34,819 33057 19,788 1,111,578 1,020,250 930,220 876,592 826,845 Liabilities Deposits 956,135 862,900 775,116 721,767 672,403 Loans Payable 5,317 22,283 33,445 43,688 55,432 Other 16,257 16,226 15,026 13,319 9,943 977,709 901,409 823,587 778,774 737,778 Equity Share Capital 10,084 9,407 8,764 8,240 7,760 Reserve Fund 107,207 97,245 89,493 81,724 71,494 Other Reserves 5,484 4,425 2,785 1,914 1,084 Retained earnings 11,094 7,764 5,591 5,940 8,729 133,869 118,841 106,633 97,818 89,067 1,111,578 1,020,250 930,220 876,592 826,845 Statement of income: Interest Income 81,363 76,368 69,151 67,486 64,639 Interest Expense 26,172 25,917 24,712 23,763 23,442 Net Interest Income 55,191 50,451 44,439 43,723 41,197 Other income 3,965 3,549 2,566 2,419 2,903 Net income and other income 59,156 54,000 47,005 46,142 44,100 Loan impairment expense 4,645 3,789 3,712 4,409 4,790 Net operating income 54,511 50,211 43,293 41,733 39,310 Total operating expenses 38,494 34,720 32,336 31,306 27,317 Net income before Levies 16,017 15,491 10,957 10,427 11,993 Tax of Assets 0 1,949 1,351 0 0 Net income after Levies 16,017 13,542 9,606 10,427 11,993