33 SEPARATE FINANCIAL STATEMENTS 2026 Barbados Public Workers’ Co-operative Credit Union Limited Separate Statement of Changes in Equity For the year ended March 31, 2026 (expressed in Barbados dollars) Notes Share capital $ Statutory reserves $ Other reserves $ Retained earnings $ At April 1, 2024 13,650,780 166,925,879 8,272,841 6,004,118 Net income for the year – – – 5,177,556 Other comprehensive loss – – (593,642) – Issue of shares 18 467,520 – – – Redemption of shares 18 (132,720) – – – Transfer to statutory reserves 19 – 34,364 – (34,364) Entrance fees 19 – 17,030 – – Transfer to special reserves 20 – – 1,022,257 (1,022,257) Special reserves released to retained earnings 20 – – (824,375) 824,375 Net reserve for interest on non-performing loans 20 – – 1,445,710 (1,445,710) Distributions to members 8 – – – (2,696,190) At March 31, 2025 13,985,580 166,977,273 9,322,791 6,807,528 Net income for the year – – – 9,212,727 Other comprehensive gain – – (1,791,456) – Issue of shares 18 473,440 – – – Redemption of shares 18 (108,000) – – – Transfer to statutory reserves 19 – 5,896,283 – (5,896,283) Entrance fees 19 – 17,560 – – Transfer to special reserves 20 – – 865,201 (865,201) Special reserves released to retained earnings 20 – – (761,831) 761,831 Net reserve for interest on non-performing loans 20 – – (233,466) 233,466 Distributions to members 8 – – – (2,274,015) At March 31, 2026 14,351,020 172,891,116 7,401,239 7,980,053 The accompanying notes form an integral part of these separate financial statements. Barbados Public Workers’ Co-operative Credit Union Limited Separate Statement of Changes in Equity For the year ended March 31, 2026 (expressed in Barbados dollars) Notes Share capital $ Sta utory res rves $ Other res rves $ Retained earnings $ At April 1, 2024 13,650,780 166,925,879 8,272,841 6,004,118 Net income for the year – – – 5,17 ,556 Other comprehensive loss – – (593,642) – Issue of shares 18 467,520 – – – Redemption of shares 18 (132,720) – – – Transfer to sta u ory res rves 19 – 34,364 – (34,364) Entrance fees 19 – 17,030 – – Transfer to special res rves 20 – – 1,022,257 (1,022,257) Special reserves rel ased to retained earnings 20 – – (824,375) 824,375 Net reserve for inter st on non-performing loans 20 – – 1,445,710 (1,4 5,710) Distributions to members 8 – – – (2,696,190) At March 31, 2025 13,985,580 166,97 ,273 9,32 ,791 6,807,528 Net income for the year – – – 9,212,727 Other comprehensive gain – – (1,791,456) – Issue of shares 18 473,4 0 – – – Redemption of shares 18 (108,00 ) – – – Transfer to sta u ory res rves 19 – 5,896,283 – (5,896,283) Entrance fees 19 – 17,560 – – Transfer to special res rves 20 – – 865,201 (865,201) Special reserves rel ased to retained earnings 20 – – (761,831) 761,831 Net reserve for inter st on non-performing loans 20 – – (23 ,46 ) 23 ,46 Distributions to members 8 – – – (2, 74,015) At March 31, 2026 14,351,020 172,891, 16 7,401,239 7,980, 53 The accompanying notes form an integral part of these separ te financial sta ements. Barbados Public Workers’ Co-operative Credit Union Limited Separate Statement of Changes in Equ ty For the year nded March 31, 2026 (expressed in Barbados dollars) Notes Share capital $ Statutory reserv s $ Other reserv s $ Retained earnings $ At April 1, 2024 13,650,780 166,925,879 8,272,841 6,004,118 194, Net income f r the year – – – 5,177, 6 5, Other comprehensiv los – – (593,642) – ( Issue of hares 18 467,520 – – – Redemption of shares 18 (132,720) – – – ( Transfer to statutory reserves 19 – 34,364 – (34,364) Entrance fees 19 – 17,030 – – Transfer to sp cial reserves 20 – – 1,022,257 (1,022,257) Special reserves released to retained arnings 20 – – (824,375) 824,375 Net reserve fo int rest on non-perf rming loa s 20 – – 1,445,7 0 (1,445,7 0) Distributions to members 8 – – – (2,696,190) (2, At March 31, 2025 13,985,580 166,977,273 9,322,7 1 6,807,528 197, Net income f r the year – – – 9,212,727 9, Other comprehensiv ga n – – (1,791,456) – (1, Issue of hares 18 473,4 0 – – – Redemption of shares 18 (108,00 ) – – – ( Transfer to statutory reserves 19 – 5,896,283 – (5,896,283) Entrance fees 19 – 17,560 – – Transfer to sp cial reserves 20 – – 865,201 (865,201) Special reserves released to retained arnings 20 – – (761,831) 761,831 Net reserve fo int rest on non-perf rming loa s 20 – – (233,466) 233,466 Distributions to members 8 – – – (2,274,015) (2, At March 31, 2026 14,351,020 172,891,116 7,401,239 7,980,053 202, The accompanying notes form an integral pa t of these separate fin ncial statemen s. Barbados Public Workers’ Co-operative Credit Union Lim ted Separate Statem nt of Changes in Equity For the yea end d March 31, 2026 (expressed in Barbados dollars) Notes Share capit l $ Statu ory rese ves $ Other rese ves $ Retained earnings $ T At April 1, 2024 13,650 78 166,925 879 ,272 841 6,004 118 194, 53 Net income for the y ar – – – 5,177 556 ,177 Other comprehensive loss – – (593,642) – (593, Issue of share 18 467,520 – – – 467, Redemption of shares 18 (132,720) – – – (132, Transfer to statutory reserves 19 – 34,36 – (34,36 ) Entra ce fees 19 – 17,030 – – 17, Transfer to special rese ves 20 – – 1,022 257 (1,022 257) Special rese ves re ea d to retained earnings 20 – – (824,375) 824,375 Net reserve fo inter st on non-performing loans 20 – – 1,445 710 (1,445 710) Distributions o memb r 8 – – – (2,696 1 0) (2,696 At March 31, 2025 13,985 5 0 166,977 2 3 9, 22 791 6,807 528 197,093 Net income for the y ar – – – 9,212 727 9,212 Other comprehensive gain – – (1,79 456) – (1,79 Issue of share 18 473, 40 – – – 473, Redemption of shares 18 (108,0 0) – – – (108, Transfer to statutory reserves 19 – 5,896 283 – (5,896 283) Entra ce fees 19 – 17,560 – – 17, Transfer to special rese ves 20 – – 865,201 (865,201) Special rese ves re ea d to retained earnings 20 – – (761,83 ) 761,83 Net reserve fo inter st on non-performing loans 20 – – (233,466) 233,466 Distributions o memb r 8 – – – (2,274 015) (2,274 At March 31, 2026 14,351 020 72,891 1 6 7,401 239 7, 80 053 202,623 The accompanying notes form an integral part of these s parate financi l st tements. bados Public Workers’ Co-operative Cr dit Union L mited at t tement of Cha g s in Equity he year ended March 31, 2026 ssed in Barbados dollars) 8 Notes Share capital $ Statuto y reserves O her r Retain d earning Total ril 1, 2024 13,650,780 16 ,925,879 8,272, 41 6,004,118 194,853,6 come for the y ar – 5,177, 56 5,177, comprehensive lo s – (593,642) – (593,642) of hares 18 467,520 – 467,520 mption of shares 18 (132,720) – (132,720) er to t tutory rese ves 19 – 34,364 – (34,364) – nce fees 19 – 17,030 – 17,030 er to pecial re erv s 20 – 1,022,257 (1,02 , ) – al reserves r l ased to tained e nings 20 – (824,375) 824, – serve for inte est on – erformi g loa s 20 – 1,445,710 (1,445, ) – butions to members 8 – (2,696,190) 2,6 6, arch 31, 2025 13,985,580 166,977,273 9,322,791 6,80 ,528 197,093,172 come for the y ar – 9,212,727 9,212, compreh nsive gain – (1,791,456) – (1,791,456) of hares 18 473,440 – 473,440 mption of shares 18 (108,000) – (108,000) er to t tutory rese ves 19 – 5,896,283 – (5,896,283) – nce fees 19 – 17,560 – 17,560 er to pecial re erv s 20 – 865,201 (865,2 ) – al reserves r l ased to tained e nings 20 – (761,831) 761,8 – serve for inte est on erformi g loa s 20 – (233,466) 233,4 – butions to members 8 – (2,274,015) 2,274, arch 31, 2026 14,351,020 172,891,116 7,401,239 7,980,053 202,623,428 companying notes form integral pa t of these sep rate financial statements. dos Public Workers’ Co-operative Credit Union Lim ed S atement of Chang s in Equity ear nd d March 31, 2026 in Barbados dollars) 8 Notes Share capit l $ Statu ory rese ves $ O her res ves $ Retained arnings $ Total $ , 2024 13,650 78 166,925 879 8,272 841 6,004 11 194,853 618 e for the year – – – 5,177 556 ,177 556 pre ensive loss – – (593,642) – (593,642) ares 18 467,520 – – – 467,520 n of shares 18 (132,720) – – – (132,720) statutory r serves 19 – 34,36 – (34,36 ) – ees 19 – 17,030 – – 17,030 special res ves 20 – – 1,022 257 (1,0 2 257) – e v s released to r tain earnings 20 – – (824,375) 824,375 – e for int res on – ming loans 20 – – 1,445 710 ( ,445 710) – ns t mem rs 8 – – – (2,696 1 0) (2,69 1 0) 31, 2025 13,985 5 0 166,977 2 3 9,322 791 6,807 5 8 197,0 3 172 e for the year – – – 9,212 727 9,21 72 pre ensive gain – – (1,79 456) – (1,79 456) ares 18 473, 40 – – – 473, 40 n of shares 18 (10 ,0 0) – – – (108,0 0) statutory r serves 19 – 5,896 283 – (5,896 283) – ees 19 – 17,560 – – 17,560 special res ves 20 – – 865,201 (865,201) – e v s released to r tain earnings 20 – – (761,83 ) 761,83 – e for int res on ming loans 20 – – (233,466) 233,466 – ns t mem rs 8 – – – (2,274 015) (2,274 015) 31, 2026 14,351 020 17 ,891 116 7,401 239 7,980 053 2 2,623 4 8 panying notes form an i tegral part of these separat financial stateme ts. s Pu lic Worker ’ Co- perative Credit Un on Limited atement of Chang s in Equ ty nded March 31, 2026 Barbados ollars) 8 Notes Share capital $ t tutory reserv s O her s Retained arnings Tot l 024 13,650,780 166 925 879 8 272 41 6 004 118 194 853 r the y ar – 5,177,556 hensive loss – (593,642) – (593,642) s 18 467,520 – 467,520 f shares 18 ( 32,720) – (132,7 0) tut ry reserves 19 – 34, 64 – (34, 64) – 19 – 17,030 – 17,030 ecial reserv s 20 – 1,022, 57 ( ) – s r leased to retained arnings 20 – (824,375) 5 – r in er st on – g loans 20 – 1,445,710 ( ) – o members 8 – (2,696,190) 2025 13,985,580 166 77 273 9 322 791 6 807 528 197 093 172 r the y ar – 9,212,7 7 , 1 hensive gain – (1,791,456) – (1,791,456) s 18 473,440 – 473,440 f shares 18 ( 08,000) – (108, 00) tut ry reserves 19 – 5,896,283 – (5,896,283) – 19 – 17,560 – 17,560 ecial reserv s 20 – 865,201 ( 6 ) – s r leased to retained arnings 20 – (761,831) 6 1 – r in er st on g loans 20 – (233,466) 3 6 – o members 8 – (2,274,015) , 7 2026 14,351,020 172 89 116 7,40 39 ,980 053 202,623 428 yi g otes form n integral p rt of these separate fin ncial sta emen s.
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