Separate Annual Report 2021

109 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | SEPARATE FINANCIAL STATEMENTS 2021 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Separate Financial Statements For the year ended March 31, 2021 (Expressed in Barbados dollars) 90 24. Fair Value, continued 2020 Total Level 1 Level 2 Level 3 balance Investment securities Equity securities - FVOCI - quoted $ - 1,550,000 - 1,550,000 - FVOCI - unquoted - - 1,415,242 1,415,242 $ - 1,550,000 1,415,242 2,965,242 The following table shows a reconciliation of all movements in the fair value of financial investments categorised within Level 2 between the beginning and end of the reporting period. 2021 2020 Balance - beginning of year $ 1,550,000 1,705,000 Unrealised loss (660,000) (155,000) Balance - end of year $ 890,000 1,550,000 The following table shows a reconciliation of all movements in the fair value of financial investments categorised within Level 3 between the beginning and end of the reporting period. 2021 2020 Balance - beginning of year $ 1,415,242 884,496 Unrealised gain 141,161 506,356 Purchases 24,850 24,390 Balance - end of year $ 1,581,253 1,415,242 There were no transfers in or out of Level 3 during the year ended March 31, 2021 (2020 - $NIL).