Credit Union Annual Report 2021 V2 - Flipbook - Page 38
THE CAYMAN ISLANDS CIVIL SERVICE ASSOCIATION (CICSA)
CO-OPERATIVE CREDIT UNION LIMITED
STATEMENT OF FINANCIAL POSITION
(Expressed in Cayman Islands Dollars)
ASSETS
Cash on hand and at bank (Note 3)
Fixed deposits (Note 3)
Securities at fair value through profit or loss (Note 4)
Mortgage and personal loans including interest receivable, net ofloan
loss provision (Note 5)
Receivable and other assets (Note 25)
Repossessed collateral (Note 5)
Fixed assets (Note 6)
Right-of-use asset (Note 6)
Investment property (Note 7)
Total assets
LIABILITIES AND RESERVES
Liabilities:
Members' deposits (Note 8)
Members' shares (Note 9)
Accounts payable and accrued expenses (Note 26)
Lease obligations (Note 6)
Total liabilities
2021
$
$
$
Reserves:
Statutory reserve (Note I 0)
Permanent shares (Note JO)
Mortgage/Information technology Fund (Note J J)
Development fund (Note J2)
Undistributed SUIJ>lus
Total reserves
July 31
46,060,135
87,670,602
2,781,773
323,228,957
205,465
403,315
6,308,109
79,292
1,833,496
468,571,144
22,703,631
403,902,700
1,391,228
82,550
428,080, I 09
$
$
$
30,061,503
395,950
904,974
627,904
8,500,704
40,491,035
Total liabilities and reserves
$
468,571,144
2020
50,996,069
54,213,478
2,704,215
294.271,188
334,426
167,400
5,869,135
55,209
1,833,496
410,444,616
24,175,030
346,256,528
1,700,262
56,318
372,188,138
27,920,266
353,050
904,974
627,904
8,450,284
38,256,478
$
410,444,616
Approved for issue on behalf of The Cayman Islands Civil Service Association (CICSA) Co-operative Credit Union
Limited's Board of Directors by:
Directors
November 12, 2021
Date
The accompanying notes are an integral part of these financial statements.
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