59 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) 31 3. Net Interest Income 2022 2021 Interest income Loans and advances $ 84,181,033 81,494,810 Financial investments 1,599,049 1,457,555 Cash resources 821,133 639,096 $ 86,601,215 83,591,461 Interest expense Deposits $ 21,974,772 23,057,675 Lease liability 164,046 118,942 22,138,818 23,176,617 Net interest income $ 64,462,397 60,414,844 4. Other Income 2022 2021 Fee income $ 2,006,808 1,618,777 Legal income 1,191,798 1,326,721 Rental income 146,757 19,494 Bad debt recoveries 1,117,780 760,654 Dividend income 67,954 (4,403) Loss on disposal of property and equipment 48,605 - $ 4,579,702 3,721,243 5. Expected Credit Losses Notes 2022 2021 Loans and advances 11 $ 6,648,132 9,301,376 Undrawn loan commitments 22 (35,010) 173,022 Financial investments 10 (13,152) (305,002) Term deposits 9 (101,634) 77,780 $ 6,498,336 9,247,176
RkJQdWJsaXNoZXIy MTA2MDM=