73 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) 41 11 Cash Resources 2026 $ 2025 $ Cash on hand 35,576,508 51,336,256 Cash and cash equivalents 415,278,262 376,238,243 Total cash and cash equivalents 450,854,770 427,574,499 Term deposits 24,986,505 24,631,759 Mandatory reserve deposits with Central Bank of Barbados 8,748,701 8,748,701 Total cash resources 484,589,976 460,954,959 Less: expected credit loss allowance (69,284) (88,947) Balance at end of year 484,520,692 460,866,012 The average effective yield on cash resources during the year was 0.07% (2025 - 0.08%). The movement in expected credit loss allowance is as follows: 2026 $ 2025 $ Balance at beginning of year 88,947 80,635 Expected credit (release)/loss on other term deposits (19,663) 8,312 Balance at end of year 69,284 88,947 At March 31, 2026, $69,284 (2025 - $88,947) of the expected credit losses relates to term deposits classified as stage 1. Mandatory reserve deposits with the Central Bank are non-interest bearing and represent a CAPITA Financial Services Inc.’s regulatory requirement to maintain a percentage of deposit liabilities as cash or deposits with the Central Bank. These non-interest bearing funds are not available to finance day-to-day operations and as such, are excluded from cash resources to arrive at cash and cash equivalents for the purpose of the consolidated statement of cash flows.
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