BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2020 102 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) 85 Details of Consolidated Statement of Income Barbados Public Workers Co-operative Credit Union Limited and Its Subsidiaries 2020 BPWCCUL BPWFHI CAPITA FSI Eliminations Total Non Interest Income Fees and other $ 4,511,788 930,516 2,612,922 (1,171,860) 6,883,366 64,739,123 930,516 11,195,731 (1,077,245) 75,788,125 Compensation and benefits 20,199,992 64,781 3,234,708 - 23,499,481 Occupancy and operations 17,514,759 1,089,761 4,471,602 (966,977) 22,109,145 Professional fees 1,309,485 - 466,882 - 1,776,367 Members’ security and social benefits 4,998,215 - - - 4,998,215 Promotions and other 3,624,724 - 374,738 - 3,999,462 Total other operating expenses 47,647,175 1,154,542 8,547,930 (966,977) 56,382,670 Net income before taxes 17,091,948 (224,026) 2,647,801 (110,268) 19,405,455 and levies Taxes and levies - - (1,010,770) - (1,010,770) Net income after taxes and levies $ 17,091,948 (224,026) 1,637,031 (110,268) 18,394,685
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