75 CONSOLIDATED FINANCIAL STATEMENTS 2025 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Consolidated Financial Statements March 31, 2025 (expressed in Barbados dollars) 37 9 Taxation …continued Deferred taxation The movement of deferred tax liability is as follows: 2025 $ 2024 $ Beginning of the year 137,637 36,175 Deferred tax charge 11,700 101,462 End of year 149,337 137,637 The accumulated losses for tax purposes which may be carried forward and set off against future taxable income are as follows: CAPITA Financial Services Inc. St. Lucia Year of loss Losses b/fwd $ Incurred $ Utilised $ Expired $ Losses c/fwd $ Expiry date 2019 51,144 – – – 51,144 2025 2020 110,883 – – – 110,883 2026 2021 228,076 – – – 228,076 2027 2022 313,935 – – – 313,935 2028 2023 255,246 – – – 255,246 2029 2024 234,830 – – – 234,830 2030 2025 – 291,304 – – 291,304 2031 1,194,114 291,304 – – 1,485,418
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