BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2021 12 Consolidated Financial Highlights For The Years Ended March 31, 2017 To March 31, 2021 2021 2020 2019 2018 2017 Statement of financial position: Assets Cash and equivalents 362,535 279,870 216,110 112,849 68,263 Investments 51,263 53,688 61,974 76,711 84,338 Loans to Members (net) 1,330,140 1,311,851 1,235,760 1,174,576 1,099,233 Property and Equipment 61,604 61,852 59,772 59,741 44,725 Other Assets 22,357 19,530 18,476 22,011 18,804 Total Assets 1,827,899 1,726,791 1,592,092 1,445,888 1,315,363 Liabilities Deposits 1,616,272 1,527,678 1,400,074 1,259,922 1,138,486 External Debt 1,317 1,342 13,520 15,230 22,323 Other 36,352 30,606 27,362 23,277 21,957 Total Liabilities 1,653,941 1,559,626 1,440,956 1,298,429 1,182,766 Equity Share Capital 12,357 12,008 11,401 10,706 10,084 General & Other Reserves 160,361 151,057 139,597 126,948 113,495 Retained earnings 1,240 4,100 138 9,805 9,018 Total Equity 173,958 167,165 151,136 147,459 132,597 Total Liabilities and Owner’s Equity 1,827,899 1,726,791 1,592,092 1,445,888 1,315,363 Statement of income: Interest Income 100,004 106,307 104,657 101,056 95,242 Interest Expense 29,753 30,957 33,491 32,166 33,400 Net Interest Income 70,251 75,350 71,166 68,890 61,842 Other income 6,337 6,883 5,890 6,129 5,604 Net income and other income 76,588 82,233 77,056 75,019 67,446 Impairment loss on subsidiary - - 2,910 - - Impairment expense 10,071 6,445 4,151 6,942 5,032 Net operating income 66,517 75,788 69,995 68,077 62,414 Total operating expenses 55,932 56,383 54,441 49,778 45,648 Net income before extra-ordinary items 10,585 19,405 15,554 18,299 16,766 Derecognition of Government Securities - - 4,038 - - Taxes 1,059 1,010 772 932 813 Net income after taxes 9,526 18,395 10,744 17,367 15,953
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