BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2020 8 FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS - FIVE YEAR REVIEW In Bds $’000 2020 2019 2018 2017 2016 Statement of financial position: Assets Cash and equivalents 261,089 197,824 95,296 51,156 49,512 Investments 55,075 57,098 68,578 73,942 84,004 Loans to Members (net) 1,046,080 997,535 958,067 900,440 817,839 Property and Equipment 53,772 54,725 55,837 41,784 29,547 Other 56,696 45,135 45,865 44,256 39,348 Total Assets 1,472,712 1,352,317 1,223,643 1,111,578 1,020,250 Liabilities Deposits 1,279,598 1,175,004 1,055,847 956,135 862,900 External Debt - - - 5,317 22,283 Other 24,151 23,077 19,847 16,257 16,226 Total Liabilities 1,303,749 1,198,081 1,075,694 977,709 901,409 Equity Share Capital 12,008 11,401 10,706 10,084 9,407 General & Other Reserves 148,951 138,632 126,048 112,691 101,670 Retained earnings 8,004 4,203 11,195 11,094 7,764 Total Equity 168,963 154,236 147,949 133,869 118,841 Total Liabilities & Owner’s Equity 1,472,712 1,352,317 1,223,643 1,111,578 1,020,250 Statement of income: Interest Income 89,897 89,383 86,589 81,363 76,368 Interest Expense 23,547 26,140 25,151 26,172 25,917 Net Interest Income 66,350 63,243 61,438 55,191 50,451 Other income 4,512 3,772 4,317 3,965 3,549 Net income and other income 70,862 67,015 65,755 59,156 54,000 Impairment expense 6,123 5,078 6,535 4,645 3,789 Net operating income 64,739 61,937 59,220 54,511 50,211 Total operating expenses 47,647 46,340 42,623 38,494 34,720 Net income before extra-ordinary items 17,092 15,597 16,597 16,017 15,491 Derecognition of Government Securities - 3,635 - - - Tax of Assets - - - - 1,949 Net income after extra-ordinary items 17,092 11,962 16,597 16,017 13,542
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