6 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Financial Highlights Financial Highlights - Five Year Review In Bds $’000 2023 2022 2021 2020 2019 Statement of financial position: Assets Cash and equivalents 356,952 376,390 350,989 261,089 197,824 Investments 113,377 69,958 62,840 55,075 57,098 Loans to Members (net) 1,146,391 1,114,980 1,054,665 1,046,080 997,535 Property and Equipment 48,657 51,377 52,507 53,772 54,725 Other Assets 58,364 60,493 56,176 56,696 45,135 Total Assets 1,723,741 1,673,198 1,577,177 1,472,712 1,352,317 Liabilities and Owner’s Equity Liabilities Deposits 1,500,899 1,453,146 1,374,306 1,279,598 1,175,004 External Debt - - - - - Other 34,153 35,658 29,705 24,150 23,077 1,535,052 1,488,804 1,404,011 1,303,748 1,198,081 Equity Share Capital 13,334 12,901 12,357 12,008 11,401 General & Other Reserves 170,439 166,742 156,436 148,952 138,632 Retained earnings 4,916 4,751 4,373 8,004 4,203 188,689 184,394 173,166 168,964 154,236 Total Liabilities and Owner’s Equity 1,723,741 1,673,198 1,577,177 1,472,712 1,352,317 Statement of income: Interest Income 88,928 86,601 83,591 89,897 89,383 Interest Expense 21,273 22,139 23,177 23,547 26,140 Net Interest Income 67,655 64,462 60,414 66,350 63,243 Other income 4,867 4,580 3,721 4,512 3,772 Net income and other income 72,522 69,042 64,135 70,862 67,015 Impairment expense 4,766 6,498 9,247 6,123 3,771 Net operating income 67,756 62,544 54,888 64,739 63,244 Total operating expenses 59,662 52,277 46,869 47,647 46,340 Net income before extra-ordinary items 8,094 10,267 8,019 17,092 16,904 Derecognition of Government Securities 3,635 Reversal of Impairment on Investment in Subsidiary 1,307 - 1,307 Tax of Assets - - - - Net income after extra-ordinary items 9,401 10,267 8,019 17,092 11,962
RkJQdWJsaXNoZXIy MTA2MDM=