76 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) 49 20. Other Reserves Other reserves is comprised of the following: 2022 2021 Fair value reserve (i) $ 1,034,165 887,417 Special funds (ii) 1,414,647 1,521,415 Donated equity (iii) 26,909 26,909 Defined benefit plan (iv) 2,619,950 (271,016) Reserve for interest on non-performing loans (v) 4,906,175 4,875,917 $ 10,001,846 7,040,642 (i) Fair value reserve The fair value reserve represents the net effect of fair value gains or losses on FVOCI investment securities held. The movement on the fair value reserve for the year is as follows: 2022 2021 Balance, beginning of year $ 887,417 1,406,356 Unrealised fair value gain (loss) 146,748 (518,939) Balance, end of year $ 1,034,165 887,417
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