37 SEPARATE FINANCIAL STATEMENTS 2023 Barbados Public Workers’ Co-operative Credit Union Limited Separate Statement of Cash Flows …continued For the year ended March 31, 2023 (expressed in Barbados dollars) 9 Notes 2023 $ 2022 $ Brought forward (16,452,260) 28,413,589 Cash flows used in financing activities Principal portion of lease liability 17 (688,398) (936,398) Issue of shares 18 544,080 634,800 Entrance fees received 19 22,670 26,450 Redemption of shares 18 (110,640) (91,080) Distributions to members 8 (2,752,616) (2,646,505) Net cash used in financing activities (2,984,904) (3,012,733) Net (decrease)/increase in cash and cash equivalents (19,437,164) 25,400,856 Cash and cash equivalents, beginning of year 376,389,632 350,988,776 Cash and cash equivalents, end of year 9 356,952,468 376,389,632 The accompanying notes form an integral part of these separate financial statements.
RkJQdWJsaXNoZXIy MTA2MDM=