114 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2023 (expressed in Barbados dollars) 87 24 Fair value …continued 2022 Level 1 $ Level 2 $ Level 3 $ Total balance $ Investment securities Equity securities - FVOCI - quoted – 890,000 – 890,000 - FVOCI - unquoted – – 1,770,000 1,770,000 – 890,000 1,770,000 2,660,000 The following table shows a reconciliation of all movements in the fair value of financial investments categorised within Level 2 between the beginning and end of the reporting period. 2023 $ 2022 $ Balance - beginning of year 890,000 890,000 Unrealised loss – – Balance - end of year 890,000 890,000 The following table shows a reconciliation of all movements in the fair value of financial investments categorised within Level 3 between the beginning and end of the reporting period. 2023 $ 2022 $ Balance - beginning of year 1,770,000 1,581,253 Unrealised gain (39,084) 146,747 Purchases 309,420 42,000 Balance - end of year 2,040,336 1,770,000 There were no transfers in or out of Level 3 during the year ended March 31, 2023 (2022: nil).
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