12 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Consolidated Financial Highlights Financial Highlights - Five Year Review In Bds $’000 2024 2023 2022 2021 2020 Statement of financial position: Assets Cash and equivalents 395,428 371,940 388,880 362,535 279,870 Investments 81,366 60,873 51,512 51,263 53,688 Loans to Members (net) 1,394,550 1,425,341 1,398,822 1,330,140 1,311,851 Property and Equipment 55,747 58,053 62,176 61,604 61,852 Other Assets 29,225 29,286 30,363 22,357 19,530 Total Assets 1,956,316 1,945,493 1,931,753 1,827,899 1,726,791 Liabilities and Owner’s Equity Liabilities Deposits 1,714,654 1,712,183 1,699,399 1,616,272 1,527,678 External Debt 1,182 1,232 1,277 1,317 1,342 Other 49,656 44,006 45,492 36,352 30,606 1,757,421 1,746,168 1,653,941 1,559,626 1,440,956 Equity Share Capital 13,651 13,334 12,901 12,357 12,008 General& Other Reserves 180,747 175,853 171,314 160,361 151,057 Retained earnings 1,050 -1,115 1,370 1,240 4,100 195,448 188,072 185,585 173,958 167,165 Total Liabilities and Owner’s Equity 1,960,940 1,945,493 1,931,753 1,827,899 1,726,791 Statement of income: Interest Income 101,451 105,721 103,466 100,004 106,307 Interest Expense 24,908 26,966 28,447 29,753 30,957 Net Interest Income 76,543 78,755 75,019 70,251 75,350 Other income 14,724 8,003 8,033 6,337 6,883 Net income and other income 91,267 86,758 83,052 76,588 82,233 Impairment (gain) loss on subsidiary 0 0 0 0 0 Impairment expense 3,002 6,824 7,383 10,071 6,445 Net operating income 88,265 79,934 75,669 66,517 75,788 Total operating expenses 77,099 71,349 63,452 55,932 56,383 Net income before extra-ordinary items 11,166 8,585 12,217 10,585 19,405 Derecognition of Government Securities - - Taxes 960 940 1,081 1,059 1,010 Net income after taxes 10,206 7,645 11,137 9,526 18,395
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