41 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2022 9 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Consolidated Statement of Cash Flows, continued For the year ended March 31, 2022 With comparative figures for the year ended 2021 (Expressed in Barbados dollars) Notes 2022 2021 Cash flows used in Financing Activities Repayment of loans payable $ (40,179) (24,110) Principal portion of lease liability (1,855,357) (1,209,593) Entrance fees received 21 26,450 17,940 Issue of shares 20 634,800 430,560 Redemption of shares 20 (91,080) (81,960) Distributions to members 10 (2,646,505) (3,608,173) Net cash used in financing activities (3,971,871) (4,475,336) Net increase in cash and cash equivalents 26,345,311 82,665,201 Cash and cash equivalents, beginning of year 362,534,738 279,869,537 Cash and cash equivalents, end of year 11 $ 388,880,049 362,534,738 The accompanying notes form an integral part of these consolidated financial statements.
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