83 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2022 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) 52 15. Pension Plan Asset, continued g) Sensitivity analysis on projected benefit obligation: Reasonably possible changes at the reporting date to one of the relevant actuarial assumptions, holding other assumptions constant, would have affected the defined benefit obligation by the amounts shown below: Increase Decrease Discount rate (1% movement) (2,150,614) 2,811,400 Future salary growth (0.5% movement) 1,016,893 (918,981) As mortality continues to improve, estimates of life expectancy are expected to increase. The effect on the projected benefit obligation of an increase of one year in the life expectancy is approximately $289,828. 16. Other Assets Other assets are comprised of the following: Notes 2022 2021 Accounts receivable $ 19,459,152 13,360,253 Prepaid employee benefit 19 2,018,414 2,139,664 Prepaid expenses 3,804,804 4,114,236 Premiums receivable 537,745 1,200,386 Interest receivable on cash resources - 59 Other Assets re Goodwill Group 28 39,786 39,786 $ 25,859,901 20,854,384
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