30 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Separate Statement of Income For the year ended March 31, 2026 (expressed in Barbados dollars) 5 Notes 2026 $ 2025 $ Interest income 3 85,728,431 86,572,875 Interest expense 3 (18,366,094) (17,897,996) Net interest income 3 67,362,337 68,674,879 Other income 4 7,164,471 5,817,280 Net interest and other income 74,526,808 74,492,159 Expected credit losses 5 (429,390) (1,635,816) Net operating income 74,097,418 72,856,343 Staff costs 6 26,146,098 27,259,974 Operating expenses 7 35,650,147 36,699,091 Depreciation 12 3,088,446 3,719,722 Total expenses 64,884,691 67,678,787 Net income for the year 9,212,727 5,177,556 The accompanying notes form an integral part of these separate financial statements.
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