34 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | SEPARATE FINANCIAL STATEMENTS 2022 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Separate Statement of Financial Position As at March 31, 2022 (Expressed in Barbados dollars) Assets Notes 2022 2021 Cash resources 9 $ 419,998,157 387,713,465 Financial investments - Amortised cost 10 23,689,806 23,643,897 - FVOCI 10 2,660,000 2,471,253 Loans and advances 11 1,114,979,587 1,054,665,219 Property and equipment 12 51,376,612 52,507,345 Pension plan asset 13 4,175,858 1,176,257 Investment in subsidiary 14 11,192,600 10,192,600 Due from related companies 21 26,040,952 28,443,289 Other assets 15 19,084,610 16,364,651 Total Assets $ 1,673,198,182 1,577,177,976 Liabilities and Equity Liabilities Deposits 16 $ 1,453,146,065 1,374,306,216 Reimbursable shares 20,756,626 14,702,164 Other liabilities 17 14,900,889 15,003,210 Total Liabilities 1,488,803,580 1,404,011,590 Equity Share capital 18 12,900,720 12,357,000 Statutory reserves 19 156,740,595 149,395,379 Other reserves 20 10,001,846 7,040,642 Retained earnings 4,751,441 4,373,365 Total Equity 184,394,602 173,166,386 Total Liabilities and Equity $ 1,673,198,182 1,577,177,976 The accompanying notes form an integral part of these separate financial statements. Approved by the Board of Directors on October 25, 2022 and signed on its behalf by: ............................................................... ............................................................... Jameela Hollingsworth Courtney Gibson President Treasurer ϲ Investment in subsidiary 14 Due from related companies 21 Other assets 15 Total Assets Liabilities and Equity Liabilities Deposits 16 Reimb rsable shares Other liabilities 17 Total Liabilities Equity Share capital 18 Statutory reserves 19 Other reserves 20 Retained earnings Total Equity Total Liabilities and Equity The accompanying notes form an integral part of these separate fin Approved by the Board of Directors on October 25, 2022 and s ............................................................... . Jameela Hollingsworth C President T BARBADOS PUBLIC WORKERS’ CO- PERATIVE CREDIT UNION LIMITED Separate S atement of Financi l Positi n As at M rch 31, 202 (Express d in Barbados llars) Asset Notes 202 2021 Cash resources 9 $ 419,998,157 387,713,465 Financi l investments - Amortised cost 10 23,689,806 23,64 ,897 - FVOCI 10 2,660,00 2,471,253 Loans d dv nces 11 1,114,979,587 1,054,665,219 Property and equipment 12 51,376,612 52,507,345 Pensio plan asset 13 4,175,858 1,176,257 Investment in sub idiary 14 11,192,600 10,192,600 Due from relat d companies 21 26,040,952 28,443,289 Other asset 15 19,084,610 16,364,651 Total Asset $ 1,673,198, 82 1,577,1 ,9 6 Liab lities and Equity Liabilities Deposits 16 $ 1,453,146,065 1,374, 06,21 Reimbursable shares 20,756,62 14,702,164 Other liabi ties 17 14,900,889 15,003,210 Total Li bilities 1,488,803,580 1,404,011,590 Equity Share capit l 18 12,900,72 12,357,000 Statu ory rese ves 19 156,740,595 149,395, 79 Other rese ves 20 10,001,846 7,040,6 2 Retained earnings 4,751,44 4,373, 65 Total Equity 184,39 ,602 173, 66,38 Total Li bilities and Equity $ 1,673,198, 82 1,577,1 ,9 6 The accompanying notes form an integral p rt of these separate financi l st tements. Approved by the Board of Directors n October 25, 02 and signed on its behalf by: ....... . ....... . Jameela Hollingsworth Courtney Gibson Presid nt Treasurer ϲ 12 51,376,612 52,507,3 13 4,175,858 1,176,2 14 11,192,600 10,192,6 nies 21 26,040,952 28,443,2 15 19,084,610 16,364,6 $ 1,673,198,182 1,577,177,9 ity 16 1,453,146,065 1,374,306,2 2 ,756,626 14,702,1 17 14,9 0,889 15,003,2 s 1,488,803,580 1,404,011,5 18 12,900,720 12,357,0 19 156,740,595 149,395,3 20 10,001,846 7,040,6 4,751,441 4,373,3 184,394,602 173,166,3 s and Equity $ 1,673,198,182 1,577,177,9 s form an integral part of these s parate financial statements. d of Directors on October 25, 2022 and signed on its behalf by: ......................... ........................................................... h Courtney Gibson Treasurer
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