71 CONSOLIDATED FINANCIAL STATEMENTS 2026 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Consolidated Financial Statements March 31, 2026 (expressed in Barbados dollars) 39 9 Taxation …continued Deferred taxation The movement of deferred tax liability is as follows: 2026 $ 2025 $ Beginning of the year 149,337 137,637 Deferred tax charge 26,382 11,700 End of year 175,719 149,337 The accumulated losses for tax purposes which may be carried forward and set off against future taxable income are as follows: CAPITA Financial Services Inc. St. Lucia Year of loss Losses b/fwd $ Incurred $ Utilised $ Expired $ Losses c/fwd $ Expiry date 2020 110,883 – – (110,883) – 2026 2021 228,076 – – – 228,076 2027 2022 312,707 – – – 312,707 2028 2023 273,451 – – – 273,451 2029 2024 174,830 – – – 174,830 2030 2025 262,612 – – – 262,612 2031 2026 – 1,129,670 – – 1,129,670 2032 1,362,559 1,129,670 – (110,883) 2,381,346
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