117 SEPARATE FINANCIAL STATEMENTS 2024 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2024 (expressed in Barbados dollars) 83 24 Fair value …continued 2023 Level 1 $ Level 2 $ Level 3 $ Total balance $ Investment securities Equity securities - FVOCI - quoted – 890,000 – 890,000 - FVOCI - unquoted – – 2,040,336 2,040,336 Debt securities - FVTPL – – 10,000,000 10,000,000 – 890,000 12,040,336 12,930,336 The following table shows a reconciliation of all movements in the fair value of financial investments categorised within Level 2 between the beginning and end of the reporting period. 2024 $ 2023 $ Balance - beginning of year 890,000 890,000 Unrealised gain 50,000 – Balance - end of year 940,000 890,000 The following table shows a reconciliation of all movements in the fair value of financial investments categorised within Level 3 between the beginning and end of the reporting period. 2024 $ 2023 $ Balance - beginning of year 12,040,336 1,770,000 Unrealised gain/(loss) 124,232 (39,084) Purchases – 10,309,420 Balance - end of year 12,164,568 12,040,336 There were no transfers in or out of Level 3 during the year ended March 31, 2024 (2023: nil).
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