Separate Annual Report 2021

33 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | SEPARATE FINANCIAL STATEMENTS 2021 10 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Separate 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 Principal portion of lease liability 17 $ (690,698) (732,358) Issue of shares 18 430,560 732,120 Entrance fees received 19 17,940 30,505 Redemption of shares 18 (81,960) (124,320) Distributions to members 8 (3,608,173) (3,574,873) Net cash used in financing activities (3,932,331) (3,668,926) Net increase in cash and cash equivalents 89,899,978 63,264,991 Cash and cash equivalents, beginning of year 261,088,798 197,823,807 Cash and cash equivalents, end of year 9 $ 350,988,776 261,088,798 The accompanying notes form an integral part of these separate financial statements.