56 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2026 (expressed in Barbados dollars) 31 4 Other income 2026 $ 2025 $ Fee income 3,005,173 2,524,680 Legal income 1,355,272 1,283,674 Rental income 115,695 111,513 Bad debt recoveries 2,364,670 1,762,789 Dividend income 149,742 49,090 Gain on disposal of property and equipment 173,919 85,534 7,164,471 5,817,280 5 Expected credit losses Notes 2026 $ 2025 $ Loans and advances 11 408,529 1,093,872 Undrawn loan commitments 22 (17,042) 5,958 Accounts receivable 15 115,639 485,761 Financial investments 10 (58,746) 41,913 Term deposits 9 (18,990) 8,312 429,390 1,635,816 6 Staff costs Note 2026 $ 2025 $ Salaries 21,498,364 23,362,367 National Insurance Scheme contributions 2,009,953 1,955,882 Pension plan - defined benefit plan 14 563,369 483,073 Other costs 2,074,412 1,458,652 26,146,098 27,259,974
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