BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2022 78 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) 47 14. Property and Equipment, continued Maturities of Leases Maturities of our lease liabilities on an undiscounted basis as of March 31, 2022 are presented below along with the current and non-current lease liabilities on a discounted basis. 2022 2021 Within 1 year 1,876,239 1,751,222 Within 1-5 years 5,625,887 4,262,233 Thereafter 1,454,290 75,970 Total future payments on an undiscounted basis 8,956,416 6,089,425 Less: Present value discount (1,316,114) (1,834,280) Present value of lease liabilities 7,640,302 4,255,145 Current portion 1,723,652 1,751,222 Non-current portion 5,916,650 2,503,923 Weighted-average remaining lease term (in years) 5.96 years 2.76 years Weighted-average discount rate 4.95% 4.95% Lease liability is presented as part of ‘Other Liabilities’ in Note 19.
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