37 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2021 10 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Consolidated Statement of Cash Flows, continued For the year ended March 31, 2021 With comparative figures for 2020 (Expressed in Barbados dollars) Notes 2021 2020 Cash Flows from Financing Activities Repayment of loans payable $ (24,110) (12,178,590) Principal portion of lease liability (1,209,593) (1,149,054) Entrance fees received 21 17,940 30,505 Issue of shares 20 430,560 732,120 Redemption of shares 20 (81,960) (124,320) Distributions to members 10 (3,608,173) (3,574,873) Net cash used in financing activities (4,475,336) (16,264,212) Net increase in cash and cash equivalents 82,665,201 63,759,999 Cash and cash equivalents, beginning of year 279,869,537 216,109,538 Cash and cash equivalents, end of year 11 $ 362,534,738 279,869,537 The accompanying notes form an integral part of these consolidated financial statements.
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