21
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
CONSOLIDATED ANNUAL REPORT 2015
8
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
Consolidated Statement of Cash Flows
For the year ended March 31, 2015
With comparative figures for 2014
(Expressed in Barbados dollars)
Notes
2015
2014
Cash Flows from Financing Activities
Net decrease in loans payable
(11,931,202) (10,510,003)
Issue of shares
584,280
521,400
Entrance fees received
24,345
21,725
Redemption of shares
(60,720)
(41,520)
Distributions to members
(1,958,497) (1,888,408)
Net cash used in financing activities
(13,341,794) (11,896,806)
Net (decrease) increase in cash and cash equivalents
(16,144,326)
7,136,058
Cash and cash equivalents, beginning of year
72,273,515
65,137,457
Cash and cash equivalents, end of year
10
$ 56,129,189
72,273,515
The accompanying notes form an integral part of these consolidated financial statements.
