74 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) 42 11 Cash Resources …continued At March 31, 2026, cash resources with the exception of mandatory reserve deposits with Central Bank of Barbados carry interest rates varying from 0.0% to 4.5% per annum (2025 - 0.0% to 4.5%). 12 Financial Investments 2026 $ 2025 $ Debt securities: Amortised cost Sovereign bonds 81,550,581 40,462,038 Interest receivable 697,403 300,540 Gross debt securities 82,247,984 40,762,578 Less: expected credit loss allowance (98,715) (174,116) Total debt securities 82,149,269 40,588,462 Equity securities: FVOCI Corporate equity - quoted 1,541,182 1,363,235 Corporate equity - unquoted 2,825,686 2,765,780 Total equity securities 4,366,868 4,129,015 FVTPL Preferred shares 10,000,000 10,000,000 Interest receivable 59,452 59,452 Total equity securities 10,059,452 10,059,452 Total financial investments 96,575,589 52,776,929 The movement in expected credit loss allowance on debt investments at amortised cost is as follows: 2026 $ 2025 $ Balance at beginning of year 174,116 132,203 Expected credit (release)/loss on investments (75,401) 41,913 Balance at end of year 98,715 174,116 The expected credit loss allowance at March 31, 2026 relating to debt securities classified as stage 1 was $98,715 (2025 - $174,116).
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