Non-Consolidated Annual Report 2018

25 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2018 10 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Non-consolidated Statement of Cash Flows For the year ended March 31, 2018 With comparative figures for 2017 (Expressed in Barbados dollars) Note 2018 2017 Cash Flows from Financing Activities Net decrease in loans payable (5,317,376) (16,965,939) Issue of shares 730,080 774,240 Entrance fees received 30,420 32,260 Redemption of shares (108,000) (97,920) Distributions to members (3,228,106) (2,636,325) Net cash used in financing activities (7,892,982) (18,893,684) Net increase in cash and cash equivalents 44,139,927 1,644,235 Cash and cash equivalents, beginning of year 51,155,784 49,511,549 Cash and cash equivalents, end of year 8 $ 95,295,711 51,155,784 The accompanying notes form an integral part of these non-consolidated financial statements.