BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2022 70 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2022 (Expressed in Barbados dollars) 38 9. Taxation, continued The accumulated losses for tax purposes which may be carried forward and set off against future taxable income are as follows: St. Lucia Branch Year of Losses Losses Expiry Loss B/fwd Incurred Utilised Expired C/fwd Date 2017 $ 62,450 - - - 62,450 2023 2018 100,491 - - - 100,491 2024 2019 51,144 - - - 51,144 2025 2020 110,883 - - - 110,883 2026 2021 228,076 - - 228,076 2027 2022 - 172,193 - - 172,193 2028 $ 553,044 172,193 - - 725,237 BPW Financial Holdings Inc. Year of Losses Losses Expiry Loss B/fwd Incurred Utilised Expired C/fwd Date 2015 $ 564,677 - - 564,677 - 2022 2016 637,807 - - - 637,807 2023 2017 106,028 - - - 106,028 2024 2018 157,403 - - - 157,403 2025 2019 160,171 - - - 160,171 2026 2020 156,602 - - - 156,602 2027 2021 136,987 - - - 136,987 2028 2022 - 119,942 - - 119,942 2029 $ 1,921,760 119,942 - 564,677 1,477,025 These losses are as computed by the subsidiaries in its corporation tax returns and have as yet neither been confirmed nor disputed by the tax authorities. 10. Distributions to Members Distributions to members include a dividend of $0.236 (2021 - $0.250) per share, amounting to $609,135 (2021 - $585,225) and interest rebate amounting to $2,037,370 (2021 - $3,022,948).
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