BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2021 78 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2021 (Expressed in Barbados dollars) 52 15. Pension Plan Asset, continued g) Sensitivity analysis on projected benefit obligation: Reasonably possible changes at the reporting date to one of the relevant actuarial assumptions, holding other assumptions constant, would have affected the defined benefit obligation by the amounts shown below: Increase Decrease Discount rate (1% movement) (2,587,789) 3,432,179 Future salary growth (0.5% movement) 1,236,337 (1,121,785) As mortality continues to improve, estimates of life expectancy are expected to increase. The effect on the projected benefit obligation of an increase of one year in the life expectancy is approximately $289,828. 16. Other Assets Other assets are comprised of the following: Notes 2021 2020 Accounts receivable $ 13,360,253 12,494,851 Prepaid employee benefit 19 2,139,664 2,268,845 Prepaid expenses 4,114,236 2,720,844 Premiums receivable 1,200,386 618,152 Interest receivable on cash resources 59 23 Dividend receivable - 30,000 Other Assets re Goodwill Group 28 39,786 39,786 $ 20,854,384 18,172,501
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