6 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Financial Highlights Financial Highlights - Five Year Review In Bds $’000 2024 2023 2022 2021 2020 Statement of financial position: Assets Cash and equivalents 365,133 356,952 376,390 350,989 261,089 Investments 158,379 113,377 69,958 62,840 55,075 Loans to Members (net) 1,131,733 1,146,391 1,114,980 1,054,665 1,046,080 Property and Equipment 46,780 48,657 51,377 52,507 53,772 Other Assets 59,334 58,364 60,493 56,176 56,696 Total Assets 1,761,360 1,723,741 1,673,198 1,577,177 1,472,712 Liabilities and Owner’s Equity Liabilities Deposits 1,524,797 1,500,899 1,453,146 1,374,306 1,279,598 External Debt - - - - - Other 41,708 34,153 35,658 29,705 24,150 1,566,505 1,535,052 1,488,804 1,404,011 1,303,748 Equity Share Capital 13,651 13,334 12,901 12,357 12,008 General & Other Reserves 175,200 170,439 166,742 156,436 148,952 Retained earnings 6,004 4,916 4,751 4,373 8,004 194,855 188,689 184,394 173,166 168,964 Total Liabilities and Owner’s Equity 1,761,360 1,723,741 1,673,198 1,577,177 1,472,712 Statement of income: Interest Income 87,099 88,928 86,601 83,591 89,897 Interest Expense 19,644 21,273 22,139 23,177 23,547 Net Interest Income 67,455 67,655 64,462 60,414 66,350 Other income 5,663 4,867 4,580 3,721 4,512 Net income and other income 73,118 72,522 69,042 64,135 70,862 Impairment expense 2,676 4,766 6,498 9,247 6,123 Net operating income 70,442 67,756 62,544 54,888 64,739 Total operating expenses 61,622 59,662 52,277 46,869 47,647 Net income before extra-ordinary items 8,820 8,094 10,267 8,019 17,092 Derecognition of Government Securities Reversal of Impairment on Investment in Subsidiary - 1,307 - Tax of Assets - - - - Net income after extra-ordinary items 8,820 9,401 10,267 8,019 17,092
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