75 SEPARATE FINANCIAL STATEMENTS 2025 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2025 (expressed in Barbados dollars) 43 13 Pension plan asset …continued d) (ii) Plan assets consist of the follow: 2025 $ 2024 $ Equities 9,559,592 8,813,154 Bonds 9,896,470 9,428,673 Other (1,365) 17,055 19,454,697 18,258,882 The assets of the plan are invested in segregated funds. The major asset categories underlying the plan assets are as follows: 2025 2024 Mortgages 16.79% 16.35% Bonds 32.94% 33.58% Equities 43.17% 43.85% Property 4.07% 4.13% Other 3.03% 2.08% e) The amounts recognised in the statement of income are as follows: 2025 $ 2024 $ Current service cost 699,239 606,362 Past service cost – – Interest cost on obligation 1,294,215 1,175,680 Expected return on plan assets (1,535,032) (1,411,039) Administrative expenses 24,651 24,767 Net pension expense included in staff costs (Note 6) 483,073 395,770 f) The amounts recognised in other comprehensive income are as follows: 2025 $ 2024 $ Remeasurement (gain)/loss on obligation (547,475) 37,698 Remeasurement loss on plan assets 1,034,343 284,717 486,868 322,415
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