12 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Consolidated Financial Highlights Financial Highlights - Five Year Review In Bds $’000 2023 2022 2021 2020 2019 Statement of financial position: Assets Cash and equivalents 371,940 388,880 362,535 279,870 216,110 Investments 60,873 51,512 51,263 53,688 61,974 Loans to Members (net) 1,425,341 1,398,822 1,330,140 1,311,851 1,235,760 Property and Equipment 58,053 62,176 61,604 61,852 59,772 Other Assets 29,286 30,363 22,357 19,530 18,476 Total Assets 1,945,493 1,931,753 1,827,899 1,726,791 1,592,092 Liabilities Deposits 1,712,183 1,699,399 1,616,272 1,527,678 1,400,074 External Debt 1,232 1,277 1,317 1,342 13,520 Other 44,006 45,492 36,352 30,606 27,362 1,757,421 1,746,168 1,653,941 1,559,626 1,440,956 Equity Share Capital 13,334 12,901 12,357 12,008 11,401 General & Other Reserves 175,853 171,314 160,361 151,057 139,597 Retained earnings -1,115 1,370 1,240 4,100 138 188,072 185,585 173,958 167,165 151,136 Total Liabilities and Owner’s Equity 1,945,493 1,931,753 1,827,899 1,726,791 1,592,092 Statement of income: Interest Income 105,721 103,466 100,004 106,307 104,657 Interest Expense 26,966 28,447 29,753 30,957 33,491 Net Interest Income 78,755 75,019 70,251 75,350 71,166 Other income 8,003 8,033 6,337 6,883 5,890 Net income and other income 86,758 83,052 76,588 82,233 77,056 Impairment loss on goodwill 0 0 0 0 2,910 Impairment expense 6,824 7,383 10,071 6,445 4,151 Net operating income 79,934 75,669 66,517 75,788 69,995 Total operating expenses 71,349 63,452 55,932 56,383 54,441 Net income before extra-ordinary items 8,585 12,217 10,585 19,405 15,554 Derecognition of Government Securities - - 4,038 Levies and Taxation 940 1,081 1,059 1,010 772 Net income after taxes 7,645 11,137 9,526 18,395 10,744
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