BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2020 48 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) 31 9. Taxation, continued The accumulated losses for tax purposes which may be carried forward and set off against future taxable income as follows: St. Lucia Branch Year of Losses Losses Expiry Loss B/fwd Incurred Utilised Expired C/fwd Date 2017 $ 43,572 - - - 43,572 2023 2018 107,650 - - - 107,650 2024 2019 113,759 - - - 113,759 2025 2020 - 88,897 - - 88,897 2026 $ 264,981 88,897 - - 353,878 BPW Financial Holdings Inc. Year of Losses Losses Expiry Loss B/fwd Incurred Utilised Expired C/fwd Date 2015 564,677 - - - 564,677 2022 2016 637,807 - - - 637,807 2023 2017 106,028 - - - 106,028 2024 2018 157,403 - - - 157,403 2025 2019 160,171 - - - 160,171 2026 2020 - 156,602 - - 156,602 2026 $ 1,626,086 156,602 - - 1,782,688 These losses are as computed by the subsidiary in its corporation tax returns and have as yet neither been confirmed nor disputed by the tax authorities. 10. Distributions to Members Distributions to members include a dividend of $0.253 (2019 - $0.231) per share amounting to $543,534 (2019 - $511,058) and interest rebate amounting to $3,031,339 (2019 - $2,850,157).
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