37 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | SEPARATE FINANCIAL STATEMENTS 2022 9 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Separate Statement of Cash Flows (continued) For the year ended March 31, 2022 (Expressed in Barbados dollars) Notes 2022 2021 Cash Flows from Financing Activities Principal portion of lease liability 17 $ (936,398) (690,698) Issue of shares 18 634,800 430,560 Entrance fees received 19 26,450 17,940 Redemption of shares 18 (91,080) (81,960) Distributions to members 8 (2,646,505) (3,608,173) Net cash used in financing activities (3,012,733) (3,932,331) Net increase in cash and cash equivalents 25,400,856 89,899,978 Cash and cash equivalents, beginning of year 350,988,776 261,088,798 Cash and cash equivalents, end of year 9 $ 376,389,632 350,988,776 The accompanying notes form an integral part of these separate financial statements.
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