41 CONSOLIDATED FINANCIAL STATEMENTS 2026 Barbados Public Workers’ Co-operative Credit Union Limited Consolidated Statement of Changes in Equity For the year ended March 31, 2026 (expressed in Barbados dollars) Notes Share capital $ Statutory reserves $ Other reserves $ Retained earnings $ At April 1, 2024 13,650,780 168,460,792 12,286,387 1,050,469 Net income for the year – – – 6,018,439 Other comprehensive income – – (519,247) – Issue of shares 19 467,520 – – – Redemption of shares 19 (132,720) – – – Transfer to statutory reserves 20 – 190,097 – (190,097 Entrance fees 20 – 17,030 – – Transfer to special reserves 21 – – 1,022,257 (1,022,257 Special reserves released to retained earnings 21 – – (824,375) 824,375 Reserve for interest on non-performing loans 21 – – 2,902,113 (2,902,113 Distributions to members 10 – – – (2,692,640 At March 31, 2025 13,985,580 168,667,919 14,867,135 1,086,176 Net income for the year – – – 10,067,501 Other comprehensive income – – (1,647,725) – Issue of shares 19 473,440 – – – Redemption of shares 19 (108,000) – – – Transfer to statutory reserves 20 – 6,222,404 – (6,222,404 Entrance fees 20 – 17,560 – – Transfer to special reserves 21 – – 865,201 (865,201 Special reserves released to retained earnings 21 – – (761,831) 761,831 Reserve for interest on non-performing loans 21 – – 1,199,198 (1,199,198 Distributions to members 10 – – – (2,274,015 At March 31, 2026 14,351,020 174,907,883 14,521,978 1,354,690 The accompanying notes form an integral part of these consolidated financial statements. Barb dos Public Workers’ Co-operative Credit Union Limited Consolidated Statement of Changes in Equity For the year ended March 31, 2026 (expressed in Barbados dollars) Notes Share capital $ Statutory reserv $ Other reserve $ Retain d earnings $ At April 1, 2024 13,650,780 168,460,792 12,286,387 1,050,469 Net income f r the year – – – 6,018,439 Other comprehensive income – – (519,247) – Issue of share 19 467,520 – – – Redemption of share 19 (132,720) – – – Transfer to statutory reserv 20 – 190,097 – (190,097) Entrance fees 20 – 17,030 – – Transfer to special r serv 21 – – 1,022,257 (1,022,257) Special reserves released to retained earnings 21 – – (824,375) 824,375 Reserve for interest on non-performing loa s 21 – – 2,902,113 (2,902,113) Distributions o members 10 – – – (2,692,640) At March 31, 2025 13,985,580 168,667,919 14,867,135 1,086,176 Net income f r the year – – – 10,067,5 1 Other comprehensive income – – (1,647,725) – Issue of share 19 473,4 0 – – – Redemption of share 19 (108,00 ) – – – Transfer to statutory reserv 20 – 6,222,404 – (6,222,404) Entrance fees 20 – 17,560 – – Transfer to special r serv 21 – – 865,201 (865,201) Special reserves released to retained earnings 21 – – (761,831) 761,831 Reserve for interest on non-performing loa s 21 – – 1,199,198 (1,199,198) Distributions o members 10 – – – (2,274,015) At March 31, 2026 14,35 ,020 174,90 ,883 14,52 ,978 1,354,690 The accompanying notes form an integral pa t of these consolidated financial statements. arb dos Public Workers’ Co-operative Credit Union Limited nsolidated Statement of Changes in Equity r the year ended March 31, 2026 pressed in Barbados dollars) Notes Share capital $ Statutory reserv $ Other reserv $ Retain d earnings $ April 1, 2024 13,650,780 168,460,792 1 ,286,387 1,050,469 195, income f r the year – – – 6,018,439 6, er compreh nsive income – – (519,247) – ( ue of share 19 467,520 – – – demption of shares 19 (132,720) – – – ( nsfe to statutory re erv s 20 – 190,097 – (190,097) rance fees 20 – 17,030 – – nsfe to special eserv s 21 – – 1,022,257 (1,022,257) cial reserv s rel ased to tained earnings 21 – – (824,375) 824,375 erve fo inte est on non-perf rming loans 21 – – 2,902,113 (2,902,113) tributions to members 10 – – – (2,692,640) (2, March 31, 2025 13,985,580 168,667,919 4,867,135 1,086, 76 198, income f r the year – – – 10,067,5 1 10, er compreh nsive income – – (1,647,725) – (1, ue of share 19 473,4 0 – – – demption of shares 19 (108,00 ) – – – ( nsfe to statutory re erv s 20 – 6,222,404 – (6,222,404) rance fees 20 – 17,560 – – nsfe to special eserv s 21 – – 865,201 (865,201) cial reserv s rel ased to tained earnings 21 – – (761,831) 761,831 erve fo inte est on non-perf rming loans 21 – – 1,199, 98 (1,199, 98) tributions to members 10 – – – (2,274,015) (2, March 31, 2026 14,35 ,020 174,90 ,883 14,52 ,978 1,354,690 205, accompanying notes form an integral pa t of these consolidated financial statements. ados Public Workers’ C -operative Credit Union Lim ted idate Statement of Changes in Equity e yea nded March 31, 2026 ed in Barba o dollars) Notes Share capit l $ tatu ory reserves $ Other rese ves $ Retained arnings $ To l 1, 2024 13,650 78 168,4 0 792 12,286 3 7 1,050 469 195,448 ome for th y ar – – – 6,018 439 6,018 omprehensive income – – (519,247) – (519, shares 19 467,520 – – – 467, tion of shares 19 (132,720) – – – (132, r to statutory r serves 20 – 190,0 7 – (190,0 7) e fees 20 – 17,030 – – 17, r to special rese ves 21 – – 1,022 257 (1,022 257) reserves released to re ain d earnings 21 – – (824,375) 824,375 for interest on n -performing l ans 21 – – 2,90 113 (2,90 113) tions o mem rs 10 – – – (2,69 640) (2,69 ch 31, 2025 13,985 5 0 168,6 7 919 14,867 135 1,086 17 198,606 ome for th y ar – – – 10,067 501 0,067 omprehensive income – – (1,647 725) – (1,647 shares 19 473, 40 – – – 473, tion of shares 19 (108,0 0) – – – (108, r to statutory r serves 20 – 6,222 404 – (6,222 404) e fees 20 – 17,560 – – 17, r to special rese ves 21 – – 865,201 (865,201) reserves released to re ain d earnings 21 – – (761,83 ) 761,83 for interest on n -performing l ans 21 – – 1,199 1 8 (1,199 1 8) tions o mem rs 10 – – – (2,274 015) (2,274 ch 31, 2026 14,351 020 174,907 883 14,521 978 1,354 690 205,13 ompanying notes form an integral part of these consolidated financial st ments. os Public Worke s’ C -operativ Credit Union Limited d Statement of Changes in Equity ended March 31, 2026 Barbado dollars) 9 Notes Share capital $ tatutory reserv $ O her res rv $ Retained a nings $ Total $ 024 13,650,780 168,460,792 12,286,38 1,050,469 19 ,4 8,428 r th y ar – – – 6,018,439 6,018,439 hensive income – – (519,247) – (519,247) s 19 467,520 – – – 467,520 f shares 19 (132,720) – – – (132,720) atutory reserves 20 – 190,097 – (190,097) – 20 – 17,030 – – 17,030 ecial res ve 21 – – 1,022,257 (1,0 2,257) – es rel ased to ret ined earnings 21 – – (824,375) 824,375 – ter st on non-performing loa s 21 – – 2,902,113 (2,902,113) – o member 10 – – – (2,692,640) (2,692,640) , 2025 13,985,580 16 ,667,919 14,867,135 1,086,176 19 ,606,81 r th y ar – – – 10,067,5 1 10,067,5 1 hensive income – – (1,647,725) – (1,647,725) s 19 473,4 0 – – – 473,4 0 f shares 19 (108,00 ) – – – (108,00 ) atutory reserves 20 – 6,222,404 – (6,222,404) – 20 – 17,560 – – 17,560 ecial res ve 21 – – 865,201 (865,201) – es rel ased to ret ined earnings 21 – – (761,831) 761,831 – ter st on non-performing loa s 21 – – 1,199,198 (1,199,198) – o member 10 – – – (2,274,015) (2,274,015) , 2026 14,35 ,020 174,9 ,883 14,52 ,97 1,354,690 20 ,135,571 nying notes form an integral pa t of these consolidated financial sta men s. Public W rkers’ Co-operativ Cred t Union Limited tatement of Changes in Equity ded March 31, 2026 bados ollars) 9 Notes Share capit l $ Statuto y reserves O her e R tain d earning Total 13,650,780 168,460,792 12 286,387 1 050,469 1 5,448,428 e year – 6,018,439 6 018,4 sive ncome – (519,247) – (519,247) 19 467,520 – 467,520 ares 19 (132,720) – (132,720) ory rese ves 20 – 190,0 7 – (190,097) – 20 – 17,030 – 17,030 l re erves 21 – 1,022,257 (1 022,2 7) – eleased to etain d arni gs 21 – (824,375) 824, – st on non-p forming loans 21 – 2,902,113 (2 902,1 3) – members 10 – (2,692,640) 2 692, 0) 25 13,985,5 0 168,667,919 14 867,135 1 086,17 198,606,810 e year – 10,067,50 0 67,5 sive ncome – (1,647,725) – (1,647,725) 19 473,440 – 473,440 ares 19 (108,000) – (108,000) ory rese ves 20 – 6,222,404 – (6,222,404) – 20 – 17,560 – 17,560 l re erves 21 – 865,201 (865, ) – eleased to etain d arni gs 21 – (761,83 ) 761, – st on non-p forming loans 21 – 1,199,1 8 (1 199,1 8) – members 10 – (2,274,015) 2 274, 5) 26 14,351,020 174,9 7,883 14 521,978 1 354,690 2 5,135,571 g notes form an int gral part of these consolidat d financial t tement . blic Workers’ Co-operative Cr dit Union Lim ted em n of Changes i Equity d Ma ch 31, 2026 os dollar ) 9 Notes Share capit l $ Statutory reserv s $ Other r serv s $ Retained arnings $ Total $ 13,650,780 168,460,792 12,286,387 1,050,469 195,448, 28 ear – – – 6,018,439 6,018,439 n m – – (519,247) – (519,247) 19 467,520 – – – 467,520 s 19 (132,7 0) – – – (132,7 0) ese ve 20 – 190,097 – (190,097) – 20 – 17,030 – – 17,030 serv s 21 – – 1,022, 57 (1,02 ,257) – as d to retained earning 21 – – (824,375) 824,375 – n no -perf rming loans 21 – – 2,902,113 (2,902,113) – bers 10 – – – (2,692,640) (2,692,640) 13,985,580 168, 67,919 14,867, 35 1,086,176 198,606,810 ear – – – 10,067,5 1 1 ,067,5 1 n m – – (1,647,725) – (1,647,725) 19 473,440 – – – 473,440 s 19 (108, 00) – – – (108, 00) ese ve 20 – 6,222,404 – (6,222,404) – 20 – 17,560 – – 17,560 serv s 21 – – 865,201 (865,201) – as d to retained earning 21 – – (761,831) 761,831 – n no -perf rming loans 21 – – 1,199,1 8 ( ,199, 8) – bers 10 – – – (2,274,015) ( ,274,015) 14,351,020 174,907,883 14,521,978 1,354,690 205,135,571 tes form an integral p r of hese cons lidated f nancial statements.
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