Consolidated Annual Report 2019

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2019 100 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2019 (Expressed in Barbados dollars) 85 Details of Consolidated Statement of Income Barbados Public Workers Co-operative Credit Union Limited and Its Subsidiaries 2018 BPWCCUL BPWFHI CAPITA FSI Eliminations Total Interest on loans 3 $ 83,434,300 - 14,142,556 - 97,576,856 Interest on investment 3 3,155,066 157 815,886 (491,882) 3,479,227 Total Interest Income 86,589,366 157 14,958,442 (491,882) 101,056,083 Interest on deposits 3 25,089,206 - 7,050,124 (491,882) 31,647,448 Interest on loans payable 3 61,730 - 456,469 - 518,199 Total Interest Expenses 25,150,936 - 7,506,593 (491,882) 32,165,647 Net Interest Income 61,438,430 157 7,451,849 - 68,890,436 Provision for loan loss 6,535,134 - 407,207 - 6,942,341 $ 54,903,296 157 7,044,642 - 61,948,095