70 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) 38 9 Taxation …continued The accumulated losses for tax purposes which may be carried forward and set off against future taxable income are as follows: CAPITA Financial Services Inc. St. Lucia Year of loss Losses b/fwd $ Incurred $ Utilised $ Expired $ Losses c/fwd $ Expiry date 2017 42,083 – – (42,083) – 2023 2018 107,620 – – – 107,620 2024 2019 113,759 – – – 113,759 2025 2020 89,089 – – – 89,089 2026 2021 93,750 – – – 93,750 2027 2022 172,193 – – – 172,193 2028 2023 – 232,318 – – 232,318 2029 619,982 232,318 – – 810,217 BPW Financial Holdings Inc. Year of loss Losses b/fwd $ Incurred $ Utilised $ Expired $ Losses c/fwd $ Expiry date 2016 639,892 – – (639,892) – 2023 2017 106,028 – – – 106,028 2024 2018 157,403 – – – 157,403 2025 2019 160,171 – – – 160,171 2026 2020 156,602 – – – 156,602 2027 2021 136,987 – – – 136,987 2028 2022 119,942 – – – 119,942 2029 2023 – 249,480 – – 249,480 2030 1,477,027 249,480 – (639,892) 1,086,615 These losses are as computed by the subsidiaries in their corporation tax returns and have as yet neither been confirmed nor disputed by the tax authorities. 10 Distributions to Members Distributions to members include a dividend of $0.246 (2022 - $0.236) per share amounting to $621,397 (2022 - $609,135) and interest rebate amounting to $2,131,219 (2022 - $2,037,370).
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