41 SEPARATE FINANCIAL STATEMENTS 2024 Barbados Public Workers’ Co-operative Credit Union Limited Separate Statement of Changes in Equity For the year ended March 31, 2024 (expressed in Barbados dollars) Notes Share capital $ Statutory reserves $ Other reserves $ Retained earnings $ At April 1, 2022 12,900,720 156,740,595 10,001,846 4,751,441 Net income for the year – – – 9,401,583 Other comprehensive loss – – (2,810,674) – Issue of shares 18 544,080 – – – Redemption of shares 18 (110,640) – – – Transfer to statutory reserves 19 – 6,046,842 – (6,046,842) Entrance fees 19 – 22,670 – – Transfer to special reserves 20 – – 1,093,624 (1,093,624) Special reserves released to retained earnings 20 – – (1,071,296) 1,071,296 Net reserve for interest on non-performing loans 20 – – 415,128 (415,128) Distributions to members 8 – – – (2,752,616) At March 31, 2023 13,334,160 162,810,107 7,628,628 4,916,110 Net income for the year – – – 8,820,458 Other comprehensive loss – – (207,635) – Issue of shares 18 431,580 – – – Redemption of shares 18 (114,960) – – Transfer to statutory reserves 19 – 4,097,877 – (4,097,877) Entrance fees 19 – 17,895 – – Transfer to special reserves 20 – – 1,040,140 (1,040,140) Special reserves released to retained earnings 20 – – (1,157,692) 1,157,692 Net reserve for interest on non-performing loans 20 – – 969,400 (969,400) Distributions to members 8 – – – (2,782,725) At March 31, 2024 13,650,780 166,925,879 8,272,841 6,004,118 The accompanying notes form an integral part of these separate financial statements. Barbados Public Workers’ Co- perative Credit Union Limited Separate Statement of Changes in Equity For the y ar ende March 31, 20 4 (expressed in Barb dos dollars) Notes Share capital $ Statutory reserv s $ Other reserv s $ Retained earnings $ At pril 1, 20 2 12,900,720 156,740,595 10,0 1,846 4,751,441 Net income for the y ar – – – 9,401,583 Other comprehensive loss – – (2,810,674) – Issue of shares 18 544,080 – – – Redemption f shares 18 (110,640) – – – Transfer to statutory eserv s 19 – 6,046,842 – (6,046,842) Entrance f es 19 – 22,670 – – Transfer to special reserv s 20 – – 1,093,624 (1,093,624) Special reserves r leas d to retained arnings 20 – – (1,071,296) 1,071,296 Net reserv for interest on non-perfo ming loans 20 – – 415, 28 (415, 28) Distributions to me bers 8 – – – (2,752,616) At March 31, 20 3 13,3 4,160 162,810, 7 7,628,628 4,916, 10 Net income for the y ar – – – 8,820,458 Other comprehensive loss – – (207,635) – Issue of shares 18 431,580 – – – Redemption f shares 18 (114,960) – – Transfer to statutory eserv s 19 – 4,097,8 7 – (4,097,8 7) Entrance f es 19 – 17,895 – – Transfer to special reserv s 20 – – 1,040,140 (1,040,140) Special reserves r leas d to retained arnings 20 – – (1,157,692) 1,157,692 Net reserv for interest on non-perfo ming loans 20 – – 969,400 (969,400) Distributions to me bers 8 – – – (2,782,7 5) At March 31, 20 4 13,650,780 166,925,879 8,272,841 6,004,118 The accompanying otes form an integral part of these s parate financial statem nts. Barbados Public Worke s’ Co-operative Credit Union L mited Separate St tement of Changes in Equity For the year end d March 31, 2024 (expressed in Barbados dollars) Notes Share capital $ Statutory reserve $ Other reserv $ Retain d earnings $ At April 1, 2022 12,900,720 156,740,595 10,00 ,846 4,751,441 184,3 Net incom for the yea – – – 9,401,583 9,4 Other compr hensive loss – – (2,810,674) – (2,8 Issue of shares 18 544,080 – – – 5 Redemption of shares 18 (110,640) – – – (1 Transfer to statutory reserv 19 – 6,046,842 – (6,046,842) Entrance fees 19 – 22,670 – – Transfer to special reserves 20 – – 1,093,624 (1,093,624) Special reserves l ased to retained earnings 20 – – (1,071,296) 1,071,296 Net reserv for interest on non-performing loans 20 – – 415,128 (415,128) Distributions to members 8 – – – (2,752,616) (2,7 At March 31, 2023 13,334,160 162,8 0, 07 7,628,628 4,916,110 88,6 Net incom for the yea – – – 8,820,45 8,8 Other compr hensive loss – – (207,635) – (2 Issue of shares 18 431,580 – – – 4 Redemption of shares 18 (114,960) – – (1 Transfer to statutory reserv 19 – 4,097,877 – (4,097,877) Entrance fees 19 – 17,895 – – Transfer to special reserves 20 – – 1,040,140 (1,040,140) Special reserves l ased to retained earnings 20 – – (1,157,692) 1,157,692 Net reserv for interest on non-performing loans 20 – – 969,400 (969,400) Distributions to members 8 – – – (2,782,725) (2,7 At March 31, 2024 13,650,780 166,925,879 8,272,841 6,004,118 94,8 The accompanying notes form an integr l pa t of these separat financial statements. Barbados Public Workers’ Co-operativ Credit Union Lim ted Separate Statemen of Changes in Equity For the year nded March 31, 2024 (expr ssed in Barbados ollars) Notes Share capit l $ Statu ory rese ves $ Other r se v s $ R tained earnings $ To At April 1, 2022 12,900,720 156,740,595 10,001,846 4,751,441 184,39 ,6 Net income for he year – – – 9,401,583 9,401,5 Other comprehensive loss – – (2,810,674) – (2,810,6 Issue of shares 18 544,080 – – – 544,0 Redemption of shares 18 (110,64 ) – – – (110,6 Transfer to statu ory rese ves 19 – 6,04 ,8 2 – (6,04 ,8 2) Entra ce fe s 19 – 22,670 – – 22,6 Transfer to special rese ves 20 – – 1,093,624 (1,093,624) Special rese ves released to r tained earnings 20 – – (1,07 ,296) 1,07 ,296 Net rese ve fo inter st on non-performi g loans 20 – – 415,128 (415,128) Distribut on to member 8 – – – (2,75 ,616) (2,75 ,6 At March 31, 2023 13,334,160 2,810,107 ,628, 28 4,916,110 88,6 9,0 Net income for he year – – – 8,820,458 ,820,4 Other comprehensive loss – – (207,635) – (207,6 Issue of shares 18 431,580 – – – 431,5 Redemption of shares 18 (114,960) – – (114,9 Transfer to statu ory rese ves 19 – 4,097,87 – (4,097,87 ) Entra ce fe s 19 – 17,895 – – 17,8 Transfer to special rese ves 20 – – 1,040,140 (1,040,1 ) Special rese ves released to r tained earnings 20 – – (1,157,692) 1,157,692 Net rese ve fo inter st on non-performi g loans 20 – – 969,400 (969,400) Distribut on to member 8 – – – (2,78 , 25) (2,78 , At March 31, 2024 13,650,780 166,925,879 8,272,841 6,004,118 94,853,6 The accompanying notes form a integral par of these separate financial s atements. rbados Public Workers’ Co-op rative Credit Unio Limited rate St temen of Changes i Equity he year ended March 31, 2024 essed in Barbado doll rs) 7 Notes Share capital $ t tutory reserv $ Other res rv $ Retain d arnings $ Total $ pril 1, 2022 12,900,72 156,740,595 10,001,846 4,751,441 184,394,602 ncome for the year – – – 9,401,583 9,401,583 comprehensiv loss – – (2,810,674) – (2,810,674) of share 18 544,080 – – – 544,080 mption of shar 18 (110,640) – – – (110,640) fer to sta utory re erv 19 – 6,046,842 – (6,046,842) – nce fees 19 – 22,670 – – 22,670 fer to special re erv 20 – – 1,093,624 (1,093,624) – al reserve r leased to r tained earn gs 20 – – (1,071,296) 1,071,296 – es rv for in e st on n n-performing 20 – – 415,128 (415,128) – bution to members 8 – – – (2,752,616) (2,752,616) arch 31, 2023 13,334,160 162,810,107 7,628,628 4,916,110 188,689,005 ncome for the year – – – 8,820,458 8,820,458 comprehensiv loss – – (207,635) – (207,635) of share 18 431,580 – – – 431,580 mption of shar 18 (114,960) – – (114,960) fer to sta utory re erv 19 – 4,097,877 – (4,097,877) – nce fees 19 – 17,895 – – 17,895 fer to special re erv 20 – – 1,040,140 (1,040,140) – al reserve r leased to r tained earn gs 20 – – (1,157,692) 1,157,692 – es rv for in e st on n n-performing 20 – – 969,400 (969,400) – bution to members 8 – – – (2,782,725) (2,782,725) arch 31, 2024 13,650,780 166,925,879 8,272,841 6,004,118 194,853,618 ccompanying notes f rm an i tegral part of these sep rate financial stateme ts. dos Public Workers’ Co-operative redit Union Lim ted S atem n of Changes in Equity year nded March 31, 2024 d in Barbados dollar ) 7 Notes Share capit l $ Statutory reserves $ Other r se ves $ Retained earnings $ Total $ 1, 2022 12,900 72 156,740,59 10,001 846 4,751,44 184,39 ,602 me for the year – – – 9,401 583 9,401,583 mprehensive loss – – (2,810 674) – (2,810 674) hares 18 544,080 – – – 544,080 on of shares 18 ( 10,64 ) – – – (110,64 ) o statutory eserves 19 – 6,04 8 2 – (6,04 8 2) – ees 19 – 22,670 – – 22,670 o special r serves 20 – – 1,093 624 (1,093,624) – serves eleas d to re ain d a ning 20 – – (1,07 296) 1,07 ,296 – e fo interes on no -pe ming 20 – – 415,128 (415,128) – on t membe s 8 – – – (2,75 616) (2,75 ,616) h 31, 2023 13,334 160 1 2,810,107 ,628 6 4,916,1 0 188,6 9,005 me for the year – – – 8,820 458 ,820,458 mprehensive loss – – (207,635) – (207,635) hares 18 431,580 – – – 431,580 on of shares 18 ( 14,960) – – (114,960) o statutory eserves 19 – 4,097 87 – (4,097 87 ) – ees 19 – 17,895 – – 17,895 o special r serves 20 – – 1,040 1 (1,040,1 ) – serves eleas d to re ain d a ning 20 – – (1,157 692) 1,157,692 – e fo interes on no -pe ming 20 – – 969,400 (969,40 ) – on t membe s 8 – – – (2,78 25) (2,78 ,725) h 31, 2024 13,650 78 166,925,879 8,272 841 6,004,118 194,853,6 8 mpanying notes for an in gral part of these separate financial statements. os Public Workers’ Co-op ative dit Un on L mited at ment of Changes in Equ ty r ended M rc 31, 2024 Barbados dollar ) 7 Notes Share capital $ Statutory reserv s $ O her r e v s $ R tained arnings $ Total $ 022 12,900,720 56,740,595 10,001 8 6 4,751 44 184,39 ,602 or the year – – – 9,401,583 9,401 583 hensive loss – – (2,810,674) – (2,810,674) s 18 544,080 – – – 544,080 of shares 18 (110,640) – – – (110,640) atu ory es rves 19 – 6,046,842 – (6,046,842) – 19 – 22,670 – – 22,670 ecial r serves 20 – – 1,093,624 (1,093 624) – v s r l ased to r tained rning 20 – – (1,071,296) 1,07 296 – or int rest on non-perfo mi g 20 – – 415, 28 (415, 28) – to me bers 8 – – – (2,752,616) (2,75 616) , 2023 13,3 4,160 62,8 0, 7 7,628 62 4,916 10 88,689,005 or the year – – – 8,820,458 8,820 458 hensive loss – – (207,635) – (207,635) s 18 43 ,580 – – – 431,580 of shares 18 (114,960) – – (114,960) atu ory es rves 19 – 4,097,8 7 – (4,097,8 7) – 19 – 17,895 – – 17,895 ecial r serves 20 – – 1,040,140 (1,040 1 ) – v s r l ased to r tained rning 20 – – (1,157,692) 1,157 692 – or int rest on non-perfo mi g 20 – – 969,400 (969,400) – to me bers 8 – – – (2,782,7 5) (2,78 7 5) , 2024 13,650,780 66,925,879 8,272 841 6,004 118 94,853,618 nyi g n tes form an integral p rt of these separate fin ncial stateme ts.
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