6 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Financial Highlights Financial Highlights - Five Year Review In Bds $’000 2025 2024 2023 2022 2021 Statement of financial position: Assets Cash and equivalents 388,629 365,133 356,952 376,390 350,989 Investments 179,426 158,379 113,377 69,958 62,840 Loans to Members (net) 1,127,964 1,131,733 1,146,391 1,114,980 1,054,665 Property and Equipment 47,836 46,780 48,657 51,377 52,507 Other Assets 67,691 59,335 58,364 60,493 56,176 Total Assets 1,811,546 1,761,360 1,723,741 1,673,198 1,577,177 Liabilities and Owner’s Equity Liabilities Deposits 1,565,369 1,524,797 1,500,899 1,453,146 1,374,306 External Debt - - - - Other 49,083 41,708 34,153 35,658 29,705 Total liabilities 1,614,452 1,566,506 1,535,052 1,488,804 1,404,011 Equity Share Capital 13,986 13,651 13,334 12,901 12,357 Statutory & Other Reserves 176,300 175,199 170,439 166,742 156,436 Retained earnings 6,808 6,004 4,916 4,751 4,373 Total Equity 197,094 194,854 188,689 184,394 173,166 Total Liabilities and Owner’s Equity 1,811,546 1,761,360 1,723,741 1,673,198 1,577,177 Statement of income: Interest Income 86,573 87,099 88,928 86,601 83,591 Interest Expense 17,898 19,644 21,273 22,139 23,177 Net Interest Income 68,675 67,455 67,655 64,462 60,414 Other income 5,817 5,663 4,867 4,580 3,721 Net income and other income 74,492 73,118 72,522 69,042 64,135 Impairment expense 1,636 2,676 4,766 6,498 9,247 Net operating income 72,856 70,442 67,756 62,544 54,888 Total operating expenses 67,679 61,622 59,662 52,277 46,869 Net income before extra-ordinary items 5,177 8,820 8,094 10,267 8,019 Derecognition of Government Securities Reversal of Impairment on Investment in Subsidiary - 1,307 - Net Surplus 5,177 8,820 9,401 10,267 8,019
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