Separate Annual Report 2021

71 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) 49 20. Other Reserves Other reserves is comprised of the following: 2021 2020 Fair value reserve (i) $ 887,417 1,406,356 Special funds (ii) 1,521,415 1,070,138 Donated equity (iii) 26,909 26,909 Defined benefit plan (iv) (271,016) (214,667) Reserve for interest on non-performing loans (v) 4,875,917 5,210,079 $ 7,040,642 7,498,815 (i) Fair value reserve The fair value reserve represents the net effect of fair value gains or losses on FVOCI investment securities held. The movement on the fair value reserve for the year is as follows: 2021 2020 Balance, beginning of year $ 1,406,356 1,055,000 Unrealised fair value (loss) gain (518,939) 351,356 Balance, end of year $ 887,417 1,406,356