116 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2025 (expressed in Barbados dollars) 84 24 Fair value …continued 2024 Level 1 $ Level 2 $ Level 3 $ Total balance $ Investment securities Equity securities - FVOCI - quoted – 940,000 – 940,000 - FVOCI - unquoted – – 2,105,116 2,105,116 Debt securities - FVTPL – – 10,059,452 10,059,452 – 940,000 12,164,568 13,104,568 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. 2025 $ 2024 $ Balance - beginning of year 940,000 890,000 Unrealised gain 40,000 50,000 Balance - end of year 980,000 940,000 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. 2025 $ 2024 $ Balance - beginning of year 12,164,568 12,040,336 Unrealised (loss)/ gain (146,774) 124,232 Balance - end of year 12,017,794 12,164,568 There were no transfers in or out of Level 3 during the year ended March 31, 2025 (2024: nil).
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