126 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Consolidated Financial Statements March 31, 2023 (expressed in Barbados dollars) 94 26 Fair Value …continued Determination of fair value and fair value hierarchy …continued Level 3: techniques which use inputs which have a significant effect on the recorded fair value that are not based on observable market data. If one or more of the significant inputs is not based on observable market data, the instrument is included in Level 3. The following table presents the Credit Union’s financial instruments that are measured at fair value. 2023 Level 1 $ Level 2 $ Level 3 $ Total balance $ Investment securities Equity securities - FVOCI - quoted 340,770 890,000 – 1,230,770 - FVOCI - unquoted – – 2,847,777 2,847,777 Debt securities -FVTPL – – 10,000,000 10,000,000 340,770 890,000 12,847,777 14,078,547 2022 Level 1 $ Level 2 $ Level 3 $ Total balance $ Investment securities Equity securities - FVOCI - quoted 391,395 890,000 – 1,281,395 - FVOCI - unquoted – – 2,577,438 2,577,438 391,395 890,000 2,577,438 3,858,833
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