72 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) 47 15 Other assets Other assets are comprised of the following: 2026 $ 2025 $ Accounts receivable (i) 26,581,456 21,060,742 Prepaid investment (ii) – 15,000,000 Prepaid employee benefit 1,710,347 1,770,586 Prepaid expenses 4,034,877 4,363,066 Other assets re Goodwill Credit Union 23,667 39,786 32,350,347 42,234,180 (i) Accounts receivable are recorded at their invoiced amounts and are non-interest bearing. Expected credit loss allowance totalling $115,639 (2025 - $485,561) is included within accounts receivable. (ii) As at March 31, 2026 there were no investments with effective dates after the reporting period which were prepaid. 16 Deposits This amount comprises: 2026 $ 2025 $ Saving deposits 718,637,838 684,555,378 Deposits payable on fixed date 878,169,457 828,620,808 Registered retirement savings plan deposits (i) 50,938,314 50,810,622 1,647,745,609 1,563,986,808 Interest payable 1,152,076 1,381,931 1,648,897,685 1,565,368,739 (i) The Credit Union operates two registered retirement savings plans for the benefit of its members. The legacy plan guarantees a minimum return on plan deposits of 5.0% while the new plan guarantees 1.0% above the minimum deposit rate. At March 31, 2026, the minimum deposit rate was 0.35% (2025 - 0.5%).
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