Separate Annual Report 2023

34 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Separate Statement of Financial Position As at March 31, 2023 (expressed in Barbados dollars) 6 Approved by the Board of Directors on June 20, 2023 and signed on its behalf by: __________________________________ ___________________________________ Courtney Gibson Cameron Haynes President Treasurer Notes 2023 $ 2022 $ Assets Cash resources 9 435,708,442 419,998,157 Financial investments: - Amortised cost 10 21,690,419 23,689,806 - FVOCI 10 2,930,336 2,660,000 - FVTPL 10 10,000,000 – Loans and advances 11 1,146,391,297 1,114,979,587 Property and equipment 12 48,657,495 51,376,612 Pension plan asset 13 3,115,674 4,175,858 Investment in subsidiary 14 12,500,000 11,192,600 Due from related companies 21 24,591,178 26,040,952 Other assets 15 18,156,575 19,084,610 Total Assets 1,723,741,416 1,673,198,182 Liabilities and Equity Liabilities Deposits 16 1,500,898,805 1,453,146,065 Reimbursable shares 22,725,836 20,756,626 Other liabilities 17 11,427,770 14,900,889 Total Liabilities 1,535,052,411 1,488,803,580 Equity Share capital 18 13,334,160 12,900,720 Statutory reserves 19 162,810,107 156,740,595 Other reserves 20 7,628,628 10,001,846 Retained earnings 4,916,110 4,751,441 Total Equity 188,689,005 184,394,602 Total Liabilities and Equity 1,723,741,416 1,673,198,182 The accompanying notes form an integral part of these separate financial statements. .��

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