120 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | SEPARATE FINANCIAL STATEMENTS 2022 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Separate Financial Statements For the year ended March 31, 2022 (Expressed in Barbados dollars) 94 24. Fair Value, continued 2021 Total Level 1 Level 2 Level 3 balance Investment securities Equity securities - FVOCI - quoted $ - 890,000 - 890,000 - FVOCI - unquoted - - 1,581,253 1,581,253 $ - 890,000 1,581,253 2,471,253 The following table shows a reconciliation of all movements in the fair value of financial investments categorised within Level 2 between the beginning and end of the reporting period. 2022 2021 Balance - beginning of year $ 890,000 1,550,000 Unrealised loss - (660,000) Balance - end of year $ 890,000 890,000 The following table shows a reconciliation of all movements in the fair value of financial investments categorised within Level 3 between the beginning and end of the reporting period. 2022 2021 Balance - beginning of year $ 1,581,253 1,415,242 Unrealised gain 146,747 141,161 Purchases 42,000 24,850 Balance - end of year $ 1,770,000 1,581,253 There were no transfers in or out of Level 3 during the year ended March 31, 2022 (2021: nil).
RkJQdWJsaXNoZXIy MTA2MDM=