Non-Consolidated Annual Report 2018

23 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2018 8 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Non-consolidated Statement of Changes in Equity For the year ended March 31, 2018 With comparative figures for 2017 (Expressed in Barbados dollars) Share Statutory Other Retained Notes capital reserves reserves earnings Total At March 31, 2016 $ 9,407,400 97,245,033 4,424,898 7,764,404 118,841,735 Net income - - - 16,016,500 16,016,500 Other comprehensive income - - 938,351 - 938,351 Issue of shares 774,240 - - - 774,240 Redemption of shares (97,920) - - - (97,920) Transfer to statutory reserves 19 - 9,929,698 - (9,929,698) - Entrance fees 19 - 32,260 - - 32,260 Transfer to special reserves 20 - - 756,274 (756,274) - Special reserves released to retained earnings 20 - - (820,791) 820,791 - Net reserve for interest on non- performing loans 20 - - 185,242 (185,242) - Distributions to members 7 - - - (2,636,325) (2,636,325) At March 31, 2017 $ 10,083,720 107,206,991 5,483,974 11,094,156 133,868,841 Net income - - - 16,596,697 16,596,697 Other comprehensive income - 59,484 - 59,484 Issue of shares 730,080 - - - 730,080 Redemption of shares (108,000) - - - (108,000) Transfer to statutory reserves 19 - 13,291,868 - (13,291,868) - Entrance fees 19 - 30,420 - - 30,420 Transfer to special reserves 20 - - 692,398 (692,398) - Special reserves released to retained earnings 20 - - (939,102) 939,102 - Net reserve for interest on non- performing loans 20 - - 222,121 (222,121) - Distributions to members 7 - - - (3,228,106) (3,228,106) At March 31, 2018 $ 10,705,800 120,529,279 5,518,875 11,195,462 147,949,416 The accompanying notes form an integral part of these non-consolidated financial statements.