64 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) 32 8 Distributions to members Distributions to members include a dividend of $0.242 (2024: $0.247) per share amounting to $669,920 (2024: $648,454) and interest rebate amounting to $2,026,270 (2024: $2,134,271). 9 Cash resources 2025 $ 2024 $ Cash on hand 12,390,561 12,782,139 Cash and cash equivalents 376,238,243 352,350,855 Total cash and cash equivalents 388,628,804 365,132,994 Term deposits 88,495,538 83,448,689 Total gross cash resources 477,124,342 448,581,683 Less: expected credit loss allowance (85,307) (76,995) 477,039,035 448,504,688 The average effective yield on cash resources during the year was 0.46% (2024 - 0.48%). The movement in expected credit loss allowance on term deposits is as follows: Note 2025 $ 2024 $ Balance at beginning of year 76,995 68,586 Expected credit loss on term deposits 5 8,312 8,409 Balance at end of year 85,307 76,995 At March 31, 2025, $85,307 (2024: $76,995) of the expected credit loss allowance relate to term deposits classified as stage 1. At March 31, 2025, cash resources carry interest rates varying from 0.0 % to 3.5 % per annum (2024 - 0.0% to 3.5%).
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