34 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Separate Statement of Cash Flows For the year ended March 31, 2026 (expressed in Barbados dollars) 9 Notes 2026 $ 2025 $ Cash flows from operating activities Net income for the year 9,212,727 5,177,556 Adjustments for: Depreciation 12 3,088,446 3,719,722 Expected credit losses 5 429,390 1,635,816 Gain on disposal of property and equipment 4 (173,919) (85,534) Interest income 3 (85,728,431) (86,572,875) Interest expense 3 18,366,094 17,897,996 Pension expense 14 563,369 483,073 Dividend income 4 (149,742) (49,090) (54,392,066) (57,793,336) Changes in operating assets and liabilities (Increase)/decrease in loans and advances (22,826,111) 3,505,685 Decrease/(increase) in other assets 9,883,833 (21,728,414) Increase in deposits 83,758,801 41,131,712 Increase in reimbursable shares 2,618,752 5,257,543 Decrease in due from related companies 282,105 811,294 Increase in other liabilities 401,760 2,880,626 Net cash from/(used) in operations 19,727,074 (25,934,890) Interest received 86,211,623 85,200,949 Interest paid (18,595,949) (18,458,034) Pension contributions paid 14 (952,447) (910,296) Net cash generated from operating activities 86,390,301 39,897,729 Cash flows used in investing activities Purchase of investments (41,379,123) (10,511,700) Investments redeemed – 1,858,127 Purchase of property and equipment 12 (6,418,408) (4,776,006) Proceeds from sale of property and equipment 235,787 85,534 Dividends received 4 149,742 49,090 Net cash used in investing activities (47,412,002) (13,294,955) Carried forward 38,978,299 26,602,774
RkJQdWJsaXNoZXIy MTA2MDM=