68 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Consolidated Financial Statements March 31, 2026 (expressed in Barbados dollars) 36 4 Other Income 2026 $ 2025 $ Fee income 9,219,806 7,861,718 Legal income 1,355,272 1,283,674 Rental income 115,695 129,947 Bad debt recoveries 2,391,006 1,853,422 Insurance agency commissions 1,662,480 1,626,846 Dividend income 149,742 49,090 Gain on disposal of property and equipment 894,914 282,736 Lease income 1,363,770 1,299,433 Other 13,937 – 17,166,622 14,386,866 5 Staff Costs Note 2026 $ 2025 $ Salaries 25,038,830 26,431,780 National insurance scheme contributions 2,290,340 2,227,510 Pension plan - defined contribution plan 90,201 75,285 Pension plan - defined benefit plan 15 563,369 483,073 Other costs 2,757,910 1,684,091 30,740,650 30,901,739 6 Expected Credit Losses Notes 2026 $ 2025 $ Loans and advances 13 854,455 312,867 Undrawn loan commitments 23 (17,042) (27,135) Accounts receivable 16 115,639 485,761 Financial investments 12 (75,401) 41,913 Term deposits 11 (19,663) 8,312 857,988 821,718
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