58 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) 33 8 Distributions to members Distributions to members include a dividend of $0.236 (2025 - $0.242) per share amounting to $690,909 (2025 - $669,920) and interest rebate amounting to $1,583,106 (2025 - $2,026,270). 9 Cash resources 2026 $ 2025 $ Cash on hand 9,925,133 12,390,561 Cash and cash equivalents 415,278,262 376,238,243 Total cash and cash equivalents 425,203,395 388,628,804 Term deposits 88,135,805 88,495,538 Total gross cash resources 513,339,200 477,124,342 Less: expected credit loss allowance (66,317) (85,307) 513,272,883 477,039,035 The average effective yield on cash resources during the year was 0.45% (2025 - 0.46%). The movement in expected credit loss allowance on term deposits is as follows: Note 2026 $ 2025 $ Balance at beginning of year 85,307 76,995 Expected credit (release)/loss on term deposits 5 (18,990) 8,312 Balance at end of year 66,317 85,307 At March 31, 2026, $66,317 (2025 - $85,307) of the expected credit loss allowance relates to term deposits classified as stage 1. At March 31, 2026, cash resources carry interest rates varying from 0.0% to 3.5% per annum (2025 - 0.0% to 3.5%).
RkJQdWJsaXNoZXIy MTA2MDM=