Consolidated Annual Report 2019

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2019 30 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) 15 2. Accounting Policies, continued b) New standards, amendments and interpretations mandatory for the first time for the financial year, continued IAS 39 IFRS 9 carrying carrying amount Re- Re- amount March 31, 2018 classification measurement April 1, 2018 Financial assets Sub-total loan and receivable b/f $ 1,309,949,539 (1,309,949,539) - - Other assets Opening balance 11,501,929 - - - To amortized cost - (11,501,929) - - Closing balance - - - - Total loan and receivable $ 1,321,451,468 (1,321,451,468) - - Available for sale: Equity securities - quoted $ - - - - Opening balance 1,941,595 - - - To FVOCI - equity - (1,941,595) - - Total available for sale $ 1,941,595 (1,941,595) - -