Non-Consolidated Annual Report 2018

46 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2018 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Non-consolidated Financial Statements For the year ended March 31, 2018 (Expressed in Barbados dollars) 31 7. Distributions to Members Distributions to members include a dividend of $0.246 (2017 - $0.238) per share amounting to $479,140 (2017 - $447,769) and interest rebate amounting to $2,748,966 (2017 - $2,188,556). 8. Cash Resources 2018 2017 Cash on hand $ 12,629,314 8,855,728 Cash and cash equivalents 82,666,397 42,300,056 Total cash and cash equivalents 95,295,711 51,155,784 Other term deposits 40,336,576 42,863,834 Total cash resources $ 135,632,287 94,019,618 The average effective yield on cash resources during the year was 0.01% (2017 - 0.04%). 9. Financial Investments The amount comprises: 2018 2017 Held-to-maturity Government securities $ 25,618,465 28,260,012 Interest receivable 374,889 276,195 $ 25,993,354 28,536,207 The average effective yield during the year on held-to-maturity investments was 6.78% (2017 - 6.28%). 2018 2017 Available-for-sale Equities - quoted (i) $ 1,470,000 1,775,000 Equities - unquoted 778,079 767,159 $ 2,248,079 2,542,159 (i) This represents the Credit Union’s investment in 500,000 (2017 - 500,000) common shares. As at March 31, 2018, the quoted bid price of these common shares was $2.94 (2017 - $3.55) per share.