BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2022 38 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Consolidated Statement of Financial Position As at March 31, 2022 With comparative figures as at March 31, 2021 (Expressed in Barbados dollars) Assets Notes 2022 2021 Cash resources Financial investments: Amortized cost 11 12 $ 408,398,711 28,134,472 381,844,691 27,813,739 FVOCI 12 3,858,833 4,138,502 Loans and advances 13 1,398,822,369 1,330,140,118 Property and equipment 14 62,176,434 61,604,156 Pension plan asset 15 4,175,858 1,176,257 Corporation tax recoverable 326,810 326,810 Other assets 16 25,859,901 20,854,384 Total Assets $ 1,931,753,388 1,827,898,657 Liabilities and Equity Liabilities Deposits 17 $ 1,699,398,957 1,616,271,520 Loans payable 18 1,277,297 1,317,476 Reimbursable shares 20,756,626 14,702,164 Corporation tax payable 67,192 133,523 Asset tax payable 8 561,612 321,612 Deferred tax liability 9 94,459 68,076 Other liabilities 19 24,013,302 21,126,864 Total Liabilities 1,746,169,445 1,653,941,235 Equity Share capital 20 12,900,720 12,357,000 Statutory reserves 21 158,063,412 150,541,981 Other reserves 22 13,285,169 9,818,900 Retained earnings 1,334,642 1,239,541 Total Equity 185,583,943 173,957,422 Total Liabilities and Equity $ 1,931,753,388 1,827,898,657 The accompanying notes form an integral part of these consolidated financial statements. Approved by the Board of Directors on November, 24 2022 and signed on its behalf by: ............................................................... ..................................................... Jameela Hollingsworth Courtney Gibson President Treasurer ϲ Other assets 16 Total Assets Liabilities and Equity Liabilities Deposits 17 Loans payable 18 Reimbursable shares Corporation tax payable Asset tax payable 8 Deferred tax liability 9 Other liabilities 19 Total Liabilities Equity Share capital 20 Statutory reserves 21 Other reserves 22 Retained earnings Total Equity Total Liabilities and Equity The accompanying notes form an integral part of these consolidate Approved by the Board of Directors on November, 24 2022 and ............................................................... Jameela Hollingsworth President i 16 25,859,901 20,854, $ 1,931,753,388 1,827,898, 17 $ 1,699,398,957 1,616,271, 18 1,277,297 1,317, 20,756,626 14,702, 67,192 133, 8 561,612 321, 9 94,459 68, 19 24,013,302 21,126, 1,746,169,445 1,653,941, 20 12,900,720 12,357, 21 158,063,412 150,541, 22 13,285,169 9,818, 1,334,642 1,239, 185,583,943 173,957, Equity $ 1,931,753,388 1,827,898, an integral part of these consolidated financial statements. rectors on November, 24 2022 and signed on its behalf by: ........ . ......................................... Courtney Gibson Treasurer
RkJQdWJsaXNoZXIy MTA2MDM=