49 CONSOLIDATED FINANCIAL STATEMENTS 2024 Barbados Public Workers’ Co-operative Credit Union Limited Consolidated Statement of Cash Flows …continued For the year ended March 31, 2024 (expressed in Barbados dollars) 9 Notes 2024 $ 2023 $ Brought forward 27,609,803 (13,004,971) Cash flows from financing activities Repayment of loans payable (50,584) (44,813) Principal portion of lease liability (1,623,098) (1,593,943) Entrance fees received 21 17,895 22,670 Issue of shares 20 431,580 544,080 Redemption of shares 20 (114,960) (110,640) Distributions to members 10 (2,782,725) (2,752,617) Net cash used in financing activities (4,121,892) (3,935,263) Net increase/(decrease) in cash and cash equivalents 23,487,911 (16,940,234) Cash and cash equivalents, beginning of year 371,939,815 388,880,049 Cash and cash equivalents, end of year 11 395,427,726 371,939,815 The accompanying notes form an integral part of these consolidated financial statements.
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