27 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2020 10 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Consolidated Statement of Cash Flows, continued For the year ended March 31, 2020 With comparative figures for 2019 (Expressed in Barbados dollars) Notes 2020 2019 Cash Flows from Financing Activities Net decrease in loans payable $ (12,178,590) (1,709,622) Lease liability (1,149,054) - Issue of shares 732,120 800,640 Entrance fees received 30,505 33,360 Redemption of shares (124,320) (105,840) Distributions to members (3,574,873) (3,361,215) Net cash used in financing activities (16,264,212) (4,342,677) Net increase in cash and cash equivalents 63,759,999 103,260,482 Cash and cash equivalents, beginning of year 216,109,538 112,849,056 Cash and cash equivalents, end of year 11 $ 279,869,537 216,109,538 The accompanying notes form an integral part of these consolidated financial statements.
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