BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
CONSOLIDATED ANNUAL REPORT 2015
42
BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED
Notes to the Consolidated Financial Statements
For the year ended March 31, 2015
(Expressed in Barbados dollars)
29
11. Financial Investments
Financial investments comprise:
2015
2014
Held to maturity
Government securities
$ 25,109,000
20,109,000
Interest receivable
729,462
286,633
$ 25,838,462 20,395,633
During the year ended March 31, 2015, interest rates varied from 4.13% to 8.50% per annum (2014 -
1.75% to 8.50%).
2015
2014
Available-for-sale
Equities - quoted
$
1,350,698
1,443,169
Equities - unquoted
682,522
664,348
$ 2,033,220
2,107,517
2015
2014
Loans and receivables
Government securities
$
3,045,493
2,870,118
Interest receivable
67,287
311,458
$ 3,112,780
3,181,576
During the year ended March 31, 2015, interest rates varied from 6.12% to 7.38% per annum (2014 –
4.25% to 7.40%).
Investments include treasury bills of $2,150,000 (2014 – $2,150,000) held as a result of a subsidiaryʼs
regulatory requirement to maintain 1.5% of total domestic deposits as a statutory reserve.
