BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2022 12 Consolidated Financial Highlights Financial Highlights - Five Year Review In Bds $’000 2022 2021 2020 2019 2018 Statement of financial position: Assets Cash and equivalents 388,880 362,535 279,870 216,110 112,849 Investments 51,512 51,263 53,688 61,974 76,711 Loans to Members (net) 1,398,822 1,330,140 1,311,851 1,235,760 1,174,576 Property and Equipment 62,176 61,604 61,852 59,772 59,741 Other Assets 30,363 22,357 19,530 18,476 22,011 Total Assets 1,931,753 1,827,899 1,726,791 1,592,092 1,445,888 Liabilities Deposits 1,699,399 1,616,272 1,527,678 1,400,074 1,259,922 External Debt 1,277 1,317 1,342 13,520 15,230 Other 45,492 36,352 30,606 27,362 23,277 1,746,168 1,653,941 1,559,626 1,440,956 1,298,429 Equity Share Capital 12,901 12,357 12,008 11,401 10,706 General& Other Reserves 171,314 160,361 151,057 139,597 126,948 Retained earnings 1,370 1,240 4,100 138 9,805 185,585 173,958 167,165 151,136 147,459 Total Liabilities and Owner’s Equity 1,931,753 1,827,899 1,726,791 1,592,092 1,445,888 Statement of income: Interest Income 103,466 100,004 106,307 104,657 101,056 Interest Expense 28,447 29,753 30,957 33,491 32,166 Net Interest Income 75,019 70,251 75,350 71,166 68,890 Other income 8,033 6,337 6,883 5,890 6,129 Net income and other income 83,052 76,588 82,233 77,056 75,019 Impairment loss on subsidiary 0 0 0 2,910 0 Impairment expense 7,377 10,071 6,445 4,151 6,942 Net operating income 75,675 66,517 75,788 69,995 68,077 Total operating expenses 63,458 55,932 56,383 54,441 49,778 Net income before extra-ordinary items 12,217 10,585 19,405 15,554 18,299 Derecognition of Government Securities - - 4,038 - Taxes 1,080 1,059 1,010 772 932 Net income after taxes 11,137 9,526 18,395 10,744 17,367
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