101 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2020 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2020 (Expressed in Barbados dollars) 84 Details of Consolidated Statement of Income Barbados Public Workers Co-operative Credit Union Limited and Its Subsidiaries 2020 BPWCCUL BPWFHI CAPITA FSI Eliminations Total Interest on loans 3 $ 87,871,266 - 16,297,967 - 104,169,233 Interest on investment 3 1,363,526 - 376,450 - 1,739,976 Interest on cash resources 3 662,150 - 115,152 (379,524) 397,778 Total Interest Income 89,896,942 - 16,789,569 (379,524) 106,306,987 Interest on deposits 3 23,393,457 - 7,524,257 (379,524) 30,538,190 Interest on lease liability 3 153,392 - 151,628 - 305,020 Interest on loans payable 3 - - 208,394 (94,615) 113,779 Total Interest Expenses 23,546,849 - 7,884,279 (474,139) 30,956,989 Net Interest Income 66,350,093 - 8,905,289 94,615 75,349,998 Expected credit losses 6,122,758 - 322,481 - 6,445,239 $ 60,227,335 - 8,582,809 94,615 68,904,759
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