COMPANIES ACT, CAP. 308

Pranvera Inc.

NOTICE IS HEREBY GIVEN that the sole shareholder of PRANVERA INC. has by Special Resolution authorised and directed that the Company be dissolved and liquidated voluntarily in accordance with the provisions of Section 367 of the Companies Act.

Dated this 27th day of April 2023.

TREVOR P. NAGAI

Director.

NOTICE NO. 2

COMPANIES ACT, CAP. 308

Sarmin Mining Inc.

NOTICE IS HEREBY GIVEN that the sole shareholder of SARMIN MINING INC. has by Special Resolution authorised and directed that the Company be dissolved and liquidated voluntarily in accordance with the provisions of Section 367 of the Companies Act.

Dated this 27th day of March 2023.

TREVOR P. NAGAI

Director.

NOTICE NO. 3 BARBADOS

NOTICE NO. 4

In the Estate of

In the Matter of the Estate of

JASPER WATSON also known as JASPER MERLIE WATSON

Deceased

NOTICE IS HEREBY GIVEN in accordance with Section 31 of the Trustee Act, Chapter 250 of the Laws of Barbados that all persons having any debts, claims or demands upon or against the Estate of JASPER WATSON also known as JASPER MERLIE WATSON, deceased late #8 1st Avenue Wanstead Terrace in the parish of Saint James in this Island who died in Barbados on the 2nd day of July 2015, are hereby required to send particulars in writing of his or her debts or claims duly attested to the undersigned qualified Administratrix of the said Estate ANGELUS LEARLEEN LASCIEL WATSON, C/o Cyrillene Thomas-Mascoll, Attorney- at-Law of “JuroMed” No. 2 St. Clair Gardens, Perry Gap, Roebuck Street in the parish of Saint Michael in Barbados on or before the 2nd day of July, 2023 after which date the Administratrix will proceed to distribute the assets of the said deceased having regard only to the valid claims and demands of which she shall then have had notice and will not in respect of the property so distributed be liable to any person of whose claim she shall not then have had notice.

AND all persons indebted to the said Estate are requested to settle their indebtedness without further delay.

Dated this 1st day of May 2023. CYRILLENE THOMAS-MASCOLL,

Attorney-at-Law

for the Administratrix of the

Estate of JASPER WATSON also known as

JASPER MERLIE WATSON, deceased.

EZRA MOSELEY also known as EZRA ALPHONSA MOSELEY

NOTICE IS HEREBY GIVEN PURSUANT

TO SECTION 31 of the Trustee Act, Cap. 250 that any person having any debt, interest, claim or demand upon or affecting the Estate of EZRA MOSELEY also known as EZRA ALPHONSA MOSELEY late of Lot 4 Walrond Village in the parish of Christ Church, who died at Balls in the parish of Christ Church on the 6th day of February 2021, is required to send written particulars of their duly attested debt, interest, claim, or demand to KIMBERLEY RUDDER, Executrix of the Estate of the said EZRA MOSELEY also known as EZRA ALPHONSA MOSELEY in care of Veronica M. McFarlane, Attorney-at-Law, of Kadison Chambers, No. 7 Thomas Daniel Building, Hincks Street, Bridgetown in the parish of Saint Michael on or before the 19th day of June 2023 after which time the said Executrix will distribute the Estate among persons entitled thereto having regard only to the debts, interest, claims or demands of which she shall have notice and will not in respect of the property so distributed be liable to any person whose claim she shall not then have had notice.

And all persons indebted to the said Estate are

requested to settle their account without delay.

Dated this 27th day of April 2023.

VERONICA M. McFARLANE

Attorney-at-Law for KIMBERLEY RUDDER,

Executrix of the Estate of EZRA MOSELEY also known as EZRA ALPHONSA MOSELEY.

NOTICE NO. 3 (second publication)

SUPREME COURT OF BARBADOS IN THE HIGH COURT OF JUSTICE

CLAIM NO. LTP 0051 OF 2020

IN THE MATTER OF THE LAND (TITLE PROCEEDINGS) ACT, 2011 (section 3);

AND IN THE MATTER OF ALL THAT land situate at Clarkes Road No. 2, Derricks in the parish of Saint James in this Island formerly said to contain by admeasurement 499.5 square metres but by more recent survey made and certified by Philip McA. Price, Land Surveyor, on the 14th day of January 2020 found to contain by admeasurement 495.3 square metres or thereabouts ABUTTING AND BOUNDING towards the North on Clarkes Road No. 2 leading in one direction to Highway 1 and in the other direction to a Cul de sac on the Plan towards the East on lands now or formerly of Ursula Lashley on the Plan towards the South on lands now or formerly of Violet Allen on the Plan towards the West on lands now or formerly of Shirley Scott on the Plan or however else the same may abut and bound.

NOTICE OF APPLICATION FOR DECLARATION OF OWNERSHIP AND CERTIFICATE OF TITLE

TAKE NOTICE that JUDE ELIZABETH LAWRENCE of Clarkes Road No. 2, Derricks in the parish of Saint James in this Island, has applied to the High Court for a declaration of her ownership and a Certificate of the title in respect of the land described above.

Any person having any adverse claim, lien or charge or right or interest against the said land should submit the claim duly authenticated on oath to the Registrar of the Supreme Court, Bridgetown, on or before the 14th day of June 2023 and immediately thereafter serve a true copy on the undersigned.

Any other person who has any information relating to the ownership of the said land is invited to submit such information in writing to the Registrar of the Supreme Court, Bridgetown on or before the 14th day of June 2023.

Dated the 17th day of April 2023.

CYRILLENE S. THOMAS-MASCOLL

Attorney-at-Law for the Claimant

whose place of business and address for service is Excelsior Chambers, “Juromed”, No. 2, St. Clair Gardens,

Perry Gap, Roebuck Street in the parish of Saint Michael, BB 11083.

NOTICE NO. 4 (second publication) BARBADOS

SUPREME COURT OF BARBADOS IN THE HIGH COURT OF JUSTICE

CLAIM NO. LTP0008 of 2023

IN THE MATTER OF: The Land (Title Proceedings) Act, 2011 (section 3)

AND IN THE MATTER OF ALL THAT land situate at Seaview in the parish of Saint James in Barbados containing by admeasurement 8,095.6 square metres or thereabouts ABUTTING AND BOUNDING towards the West on lands of Diana Blackman, Althea Webster, Helena Harewood, Lilian Webster and Fitz Wickham, Elliott Sandiford, Jennifer Greaves and Keith Mayers, towards the South on lands of Sandy Lane Property Ltd, towards the East on lands of Brenda Farley and on Nicholls Road and towards the North on the Public Road which leads in one direction to Holetown and in the other direction to St Thomas Church or however else the same may abut and bound as shown on a Plan of the said land certified on the 6th day of October 2021 by Lennox J. Reid, Land Surveyor and recorded in the Lands and Surveys Department on the 6th day of October 2021 as number 1266/2021 together with the dwellinghouse thereon.

NOTICE OF APPLICATION FOR DECLARATION OF OWNERSHIP AND CERTIFICATE OF TITLE

TAKE NOTICE that OWEN OSBOURNE of Seaview in the parish of Saint James in Barbados the duly qualified acting Executor and Personal Representative of the Estate of LEOTTA VIOLA OSBOURNE also known as VIOLA OSBOURNE, deceased has applied to the High Court for a declaration of his ownership as Executor and Personal Representative aforesaid and a Certificate of Title in respect of the land described above.

Any person having any adverse claim, lien or charge or right or interest against the said property should submit the claim duly authenticated on oath to the Registrar of the Supreme Court, Bridgetown, on or before the 8th day of June 2023.

Any other person who has any information relating to the ownership of the said property is invited to give such information in writing to the Registrar of the Supreme Court, Bridgetown, on or before the 8th day of June 2023.

Dated the 17th day of April 2023.

KEITH A E MAYERS QC

Attorney-at-Law for the Claimant, whose place of business and address for service is: “Emmanuel House”,

Pinfold Street, Bridgetown, Barbados BB11127.

NOTICE NO. 5

SUPREME COURT OF BARBADOS IN THE HIGH COURT OF JUSTICE

CLAIM NO. LTP25 of 2021

IN THE MATTER OF: The Land (Title Proceedings) Act, 2011 (Section 3);

AND IN THE MATTER OF: ALL THAT land situate at St. Martins in the parish of Saint Philip in this Island and found to contain by a recent survey dated the 31st day of January, 2020 by D. G. Godson, Land Surveyor 490.4 square metres or thereabouts and recorded at the Lands and Surveys Department on the 04th day of February, 2020 ABUTTING AND BOUNDING towards the North on lands of P. S. Budget Foods Ltd. and towards the East also on lands of P. S. Budget Foods Ltd. and towards the West on lands of Dodbrook Weekes and towards the South on other portions of a public road which leads to St. Martins Church, or however else the same may abut and bound together with a dwelling house thereon.

NOTICE OF APPLICATION FOR DECLARATION OF OWNERSHIP AND CERTIFICATE OF TITLE

TAKE NOTICE that WINSTON POLLARD of Rock Hall in the parish of Saint Philip, has applied to the High Court for a declaration of his ownership and a certificate of title in respect of the property described above.

Any person having an adverse claim, lien or charge or right or interest against the said property should submit the claim duly authenticated on oath to the Registrar of the Supreme Court, Bridgetown, on or before the 31st day of May, 2023.

Dated the 27th day of April 2023.

R.E. GUYSON MAYERS, Attorney-at-Law for the Claimant,

whose place of business and address for service is REGM Chambers, No. 16 Stanmore Lodge,

Black Rock, St. Michael.

NOTICE NO. 6

SUPREME COURT OF BARBADOS IN THE HIGH COURT OF JUSTICE

CLAIM NO. LTP 9/2023

IN THE MATTER OF THE LAND (TITLE PROCEEDINGS)

ACT, 2011 (section 3);

AND IN THE MATTER OF ALL THAT land/property situate at Maxwell Hill in the parish of Christ Church in this Island and containing by admeasurement 1014.1 square metres of which

35.4 square metres is in Right of Way certified on the 1st day of October, 2020 by James A. Browne, Land Surveyor ABUTTING and BOUNDING to the North by a Public Road known as Maxwell Main Road leading to Graeme Hall in one direction and Cane Vale in the other to the East by lands of Erna Dyal to the South on lands of Hugh Grannum and to the West by lands of Oliver Smith or however else same may abut and bound

TAKE NOTICE that MICHAEL ALEXANDER GROSVENOR of 7166 Bird

Cherry Street, Las Vegas, Nevada, 89148 in the United States of America has applied to the High Court for a Declaration of Ownership and a Certificate of Title in respect of the property described above.

Any person having any diverse claim, lien or charge or right or interest against the property identified above should submit the claim duly authenticated on oath to the Registrar of the Supreme Court, Bridgetown on or before the 13th day of June, 2023 and immediately thereafter serve a true copy on the undersigned.

Any other person who has information relating to the ownership of the property identified above is invited to give such information in writing to the Registrar of the Supreme Court, Bridgetown on or before 13th day of June, 2023.

Dated the 1st day of May 2023.

THERON I.S. MENDES,

Attorney-at-Law for the Claimant,

whose place of business & address for service is Court Caribbean Law Practice,

George Washington House, Bush Hill, The Garrison, St. Michael.

NOTICE NO. 7

SUPREME COURT OF BARBADOS IN THE HIGH COURT OF JUSTICE

CLAIM NO. LTP 10/2023

IN THE MATTER OF THE LAND (TITLE PROCEEDINGS)

ACT, 2011 (section 3);

AND IN THE MATTER OF ALL THAT land/property situate at Maxwell in the parish of Christ Church in this Island and containing by admeasurement 9337.1 square metres of which 672.3 square metres is in Road Reserve certified on the 1st day of October, 2020 by James A. Browne, Land Surveyor ABUTTING and BOUNDING to the North by a public road leading to Maxwell Top Road in one direction and a public road leading to Silver Hill in the other to the East by a public road leading to Silver Hill in one direction and Maxwell Hill Road in the other and by lands of Carmen Blades to the South by a public road known as Maxwell Hill Road leading to Graeme Hall in one direction and to Cane Vale in the other and to the West by Lands of Richard Knight et al and Josephine Yarde, Deceased or however else same may abut and bound with a dwelling house thereon.

TAKE NOTICE that MICHAEL ALEXANDER GROSVENOR of 7166 Bird

Dated the 1st day of May 2023.

THERON I.S. MENDES,

Attorney-at-Law for the Claimant,

whose place of business & address for service is Court Caribbean Law Practice,

George Washington House, Bush Hill, The Garrison, St. Michael.

NOTICE NO. 8

SUPREME COURT OF BARBADOS IN THE HIGH COURT OF JUSTICE

CLAIM NO. LTP 0025 of 2022

IN THE MATTER OF THE LAND (TITLE PROCEEDINGS)

ACT, 2011 (Section 3);

AND IN THE MATTER OF ALL THAT piece or parcel of land situate at Sugar Hill in the parish of Saint Joseph in this Island containing by admeasurement 1974.2 square metres as shown on a plan certified on August 22nd, 2018 by Lennox J. Reid, Land Surveyor, ABUTTING and BOUNDING on the West on a Public Road which leads to Melvin Hill in one direction and to Lammings in the other direction to the North on lands of Orwyn Sandiford to the East on lands of Winston Sandiford and to the South on lands of Leon Devonish or however else the same may abut and bound.

NOTICE OF APPLICATION FOR DECLARATION OF OWNERSHIP AND CERTIFICATE OF TITLE

TAKE NOTICE that ORMAN COLERIDGE GREAVES of 11608 Mordente

Drive, Clinton, Maryland 20735 in the United States of America, the Executor of the Estate of DORALEEN GREAVES, has applied to the High Court for a declaration of his ownership and a certificate of the title in respect of the property described above.

Dated the 1st day of May 2023.

TASSIEA S. BRYAN

Attorney at Law Corporate Legal No. 6 8th Avenue Belleville St. Michael.

TRIDENT INSURANCE COMPANY LIMITED

2022 FINANCIAL RESULTS (AUDITED)

Extracts from the 2022 Fianancial Statements (Audited)

Statement of Financial Position – Liquidating Basis

As at December 31, 2022 (expressed in Barbados dollars)

December 31, 2022

Assets

December 31, 2021

Opinion

REPORT OF THE INDEPENDENT AUDITOR

ON THE SUMMARY FINANCIAL STATEMENT

TO THE SHAREHOLDERS OF TRIDENT INSURANCE

Cash and cash equivalents

Term deposits Financial investments

Insurance balances receivable Miscellaneous assets and provisions Reinsurance assets

Deferred acquisition cost Income tax assets

Investment in associated company Right-of-use assets

Fixed assets

1,712,793

906,097

3,230,994

1,431,466

424,249

7,302,848

– 328,666

3,041,525

–

2,449,339

897,230

3,600,186

2,487,132

1,399,950

10,956,848

58,383

334,238

3,016,197

1,931,314

72,229

The summary financial statements, which comprise the statement of financial position as at December 31, 2022, the summary statement of comprehensive loss, statement of changes in equity and summary cash flow statement for the year ended December 31, 2022, and related notes, are derived from the audited financial statements of Trident Insurance Company Ltd. (“the Company”) for the year ended December 31, 2022.

In our opinion, the accompanying summary financial statements are consistent, in all material respects, with the audited financial

Total assets 18,378,638 27,203,046

Liabilities

statements, on the basis described in Note 1.

Basis for Opinion

Accounts payable and accrued liabilities	935,074	2,611,810	on Auditing (“ISAs”). Our responsibilities under those standards are
Insurance balances payable Lease liabilities	2,096,059-	1,243,7322,135,296	further described in the Auditor’s Responsibilities for the Audit of the
Insurance liabilities	12,058,539	17,491,688	Financial Statements section of our report. We are independent of
			the Company in accordance with the International Ethics Standards
Total liabilities	15,089,672	23,482,526	Board for Accountants’ (“IESBA”) International Code of Ethics for
Shareholder’s equity			Professional Accountants (including International Independence
Share capital	3,000,000	3,000,000	Standards) (“IESBA Code”), and we have fulfilled our other ethical
Surplus reserve	1,935,787	1,935,787	responsibilities in accordance with the IESBA Code. We believe that
Catastrophe reserve fund	1,155,201	1,155,201	the audit evidence we have obtained is sufficient and appropriate to
Accumulated deficit	(2,802,022)	(2,370,468)	provide a basis for our opinion.
Total equity	3,288,966	3,720,520	Emphasis of Matter

We conducted our audit in accordance with International Standards

Total liabilities and equity 18,378,638 27,203,046

The accompanying notes form an integral part of these financial statements.

Approved by the Board of Directors on April 27, 2023

Director Director

Summary Statement of Comprehensive Income – Liquidating Basis

As at December 31, 2022 (expressed in Barbados dollars)

We draw attention to Note 2 in the summary financial statements, which explains that the going concern basis of preparing the financial statements has not been used as a result of the decision to liquidate the Company. Our opinion is not modified in respect of this matter.

Summary Financial Statements

December

31,

2022

December

31,

2021

financial statements and the audited financial statements do not reflect the effects of events that occurred subsequent to the date of our report on the audited financial statements.

The Audited Financial Statements and Our Report Thereon

GROSS PREMIUM WRITTEN – 6,420,549

We expressed an unmodified audit opinion on the audited financial

Underwriting income Investment income Other income

1,031,198

410,552

668,245

7,093,380

140,206

53,381

statements in our report dated April 28, 2023.

Management’s Responsibility for the Summary Financial Statements

Management is responsible for the preparation of the summary

Total revenue 2,109,995 7,286,967

Underwriting expenses

financial statements on the basis described in Note 1.

Auditor’s Responsibility

Net loss and loss expenses

(281,822)

(2,758,448)

Our responsibility is to express an opinion on whether the summary

Other underwriting expenses

(39,224) (1,663,345)

financial statements are consistent, in all material respects, with the

audited financial statements based on our procedures, which were conducted in accordance with International Standard on Auditing (ISA) 810 (Revised), Engagements to Report on Summary Financial Statements.

–	(321,046)	(4,421,793)
Selling, general and administrative expenses	(1,685,416)	(2,765,715)
Share of results in associated company	25,328	147,844
Income/(loss) before taxation	128,861	247,303
Taxation (35,143) (46,259)
Net income for the year	93,718	201,044
Othercomprehensive(loss)/incomefortheyear	(525,272)	312,711
Totalcomprehensive(loss)/incomefortheyear	(431,554)	513,755

Ernst & Young Ltd. Barbados

April 28, 2023

TRIDENT INSURANCE COMPANY LIMITED

2022 FINANCIAL RESULTS (AUDITED)

Extracts from the 2022 Fianancial Statements (Audited)

Summary Statement of Cash Flows – Liquidating Basis

As at December 31, 2022 (expressed in Barbados dollars)

	December 31,2022$	December 31,2021$
Cash used in operating activities	(381,332)	(355,129)
Withholding and other taxes paid	(18,842)	(47,308)
Interest received	134,477	129,194
Pension contributions paid	(77,597)	(79,000)
Net cash operating activities	(343,294)	(352,243)
Net cash investing & financing activities	(147,374)	(128,016)
Decrease in cash and cash equivalents	(736,546)	(480,259)
Cash and cash equivalents – beginning of year	2,449,339	2,929,598
Cash and cash equivalents – end of year	1,712,793	2,449,339

Statement of Changes in Equity – Liquidating Basis

As at December 31, 2022 (expressed in Barbados dollars)

	Share Capital$	Surplus reserve$	Catastrophe reserve fund$	Accumulateddeficit$	Total$
Balance at December 31, 2020	3,000,000	1,935,787	1,155,201	(2,884,223)	3,206,765
Net income for the year	–	–	–	201,044	201,044
Other comprehensive income
Items that will not reclassified to profit and loss- Pension Plan remeasurement	–	–	–	312,711	312,711
Balance at December 31, 2021	3,000,000	1,935,787	1,155,201	(2,370,468)	3,720,520
Net Icome for the year	–	–	–	93,718	93,718
Other comprehensive loss
Items that will not reclassified to profit and loss- Pension Plan remeasurement	–	–	–	(525,272)	(525,272)
Balance at December 31, 2022	3,000,000	1,935,787	1,155,201	(2,802,022)	3,288,966

The accompanying notes form an integral part of these financial statements.

Note 1

The summary financial statements are prepared in accordance with criteria developed by management. Under management’s established criteria, management discloses the statement of financial position, statement of comprehensive loss, statement of changes in equity and statement of cash flows. These summary financial statements are derived from the audited financial statements of Trident Insurance Company Ltd. for the year ended December 31, 2022, which are prepared in accordance with International Financial Reporting Standards.

Note 2

The financial statements of the Company have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB). These financial statements have been prepared on a liquidating basis which contemplates the realisation of assets and the discharge of liabilities on the termination of the Company.

TRIDENT INSURANCE COMPANY LIMITED

2022 FINANCIAL RESULTS (AUDITED)

Extracts from the 2022 Fianancial Statements (Audited)

Statement of Financial Position – Liquidating Basis

As at December 31, 2022 (expressed in Barbados dollars)

Summary Statement of Comprehensive Income – Liquidating Basis

As at December 31, 2022 (expressed in Barbados dollars)

Assets

December 31, 2022

December 31, 2021

December

31,

2022

Cash and cash equivalents	1,712,793	2,449,339
Term deposits	906,097	897,230	GROSS PREMIUM WRITTEN	–	6,420,549
Financial investments	3,230,994	3,600,186
Insurance balances receivable	1,431,466	2,487,132	Underwriting income	1,031,198	7,093,380
Miscellaneous assets and provisions	424,249	1,399,950	Investment income	410,552	140,206
Reinsurance assets	7,302,848	10,956,848	Other income	668,245	53,381
Deferred acquisition cost	–	58,383
Income tax assets	328,666	334,238	Total revenue	2,109,995	7,286,967
Investment in associated company	3,041,525	3,016,197
Right-of-use assets	–	1,931,314
Fixed assetsTotal assets	-18,378,638	72,22927,203,046	Underwriting expenses
			Net loss and loss expenses	(281,822)	(2,758,448)
Liabilities			Other underwriting expenses	(39,224)	(1,663,345)
Accounts payable and accrued liabilities	935,074	2,611,810	–	(321,046)	(4,421,793)

December

31,

2021

Insurance balances payable Lease liabilities

Insurance liabilities

2,096,059

– 12,058,539

1,243,732

2,135,296

17,491,688

Selling, general and administrative expenses Share of results in associated company

(1,685,416)

25,328

(2,765,715)

147,844

Total liabilities 15,089,672 23,482,526

Shareholder’s equity

Income/(loss) before taxation 128,861 247,303

Share capital Surplus reserve

Catastrophe reserve fund Accumulated deficit

3,000,000

1,935,787

1,155,201

(2,802,022)

3,000,000

1,935,787

1,155,201

(2,370,468)

Taxation (35,143) (46,259)

Net income for the year 93,718 201,044

Total equity 3,288,966 3,720,520

Total liabilities and equity 18,378,638 27,203,046

The accompanying notes form an integral part of these financial statements.

Approved by the Board of Directors on April 27,2023

Other comprehensive (loss)/income for the year (525,272) 312,711

Total comprehensive (loss)/income for the year (431,554) 513,755

Director Director

Summary Statement of Cash Flows – Liquidating Basis

As at December 31, 2022 (expressed in Barbados dollars)

Statement of Changes in Equity – Liquidating Basis

As at December 31, 2022 (expressed in Barbados dollars)

Surplus Catastrophe

Accumu-

December 31,

2022

December 31,

2021

Capital

reserve

reserve fund

lated deficit

Total

Cash used in operating activities (381,332) (355,129)

Withholding and other taxes paid (18,842) (47,308)

Interest received 134,477 129,194

Pension contributions paid (77,597) (79,000)

Net cash operating activities (343,294) (352,243)

Net cash investing & financing activities (147,374) (128,016)

Decrease in cash and cash equivalents (736,546) (480,259)

Cash and cash equivalents – beginning of year 2,449,339 2,929,598

Cash and cash equivalents – end of year 1,712,793 2,449,339

Balance at December 31, 2020 3,000,000 1,935,787 1,155,201 (2,884,223) 3,206,765

Net income for the year – – – 201,044 201,044

Other comprehensive income Items that will not reclassified to profit and loss

Pension Plan remeasurement – – – 312,711 312,711Balance at December 31, 2021 3,000,000 1,935,787 1,155,201 (2,370,468) 3,720,520
Net Icome for the year – – – 93,718 93,718Other comprehensive loss Items that will not reclassified to profit and loss
Pension Plan remeasurement – – – (525,272) (525,272)

Balance at December 31, 2022 3,000,000 1,935,787 1,155,201 (2,802,022) 3,288,966

Opinion

The accompanying notes form an integral part of these financial statements.

REPORT OF THE INDEPENDENT AUDITOR ON THE SUMMARY FINANCIAL STATEMENT

TO THE SHAREHOLDERS OF TRIDENT INSURANCE

Summary Financial Statements

In our opinion, the accompanying summary financial statements are consistent, in all material respects, with the audited financial statements, on the basis described in Note 1.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (“ISAs”). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the International Ethics Standards Board for Accountants’(“IESBA”) International Code of Ethics for Professional Accountants (including International Independence Standards) (“IESBA Code”), andwehave fulfilled our other ethical responsibilities in accordance with the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter

The summary financial statements do not contain all the disclosures required by International Financial Reporting Standards (IFRS). Reading the summary financial statements and the auditor’s report thereon, therefore, is not a substitute for reading the audited financial statements and the auditor’s report thereon. The summary financial statements and the audited financial statements do not reflect the effects of events that occurred subsequent to the date of our report on the audited financial statements.

The Audited Financial Statements and Our Report Thereon

We expressed an unmodified audit opinion on the audited financial statements in our report dated April 28, 2023.

Management’s Responsibility for the Summary Financial Statements

Management is responsible for the preparation of the summary financial statements on the basis described in Note 1.

Auditor’s Responsibility

Our responsibility is to express an opinion on whether the summary financial statements are consistent, in all material respects, with the audited financial statements based on our procedures, which were conducted in accordance with International Standard on Auditing (ISA) 810 (Revised), Engagements to Report on Summary Financial Statements.

Ernst & Young Ltd. Barbados

April 28, 2023

Note 1

Note 2

TRINIDAD AND TOBAGO INSURANCE LIMITED

ABRIDGED SEPARATE AND CONSOLIDATED FINANCIAL STATEMENTS

–..!!.t_!! 31 DECEMBER 2022

INDEPENDENT AUDITOR’S REPORT ON THE ABRIDGED SEPARATE AND CONSOLIDATED FINANCIAL STATEMENTS

TO THE SHAREHOLDER OF TRINIDAD & TOBAGO INSURANCE LIMITED

Report on the Audit of the Abridged Separate and Consolidated Financial Statements Opinion

The summary separate and consolidated financial statements, which comprise the summary separate

and consolidated statement of financial position as at December 31, 2022, the summary separate and consolidated statements of income, summary separate and consolidated comprehensive income, summary separate and consolidated changes in equity and summary separate and consolidated cash flows for the year then ended, and related summary notes, are derived from the audited separate and consolidated financial statements of Trinidad and Tobago Insurance Limited (the “Group”) for the year ended December 31, 2022.

In our opinion, the accompanying summary separate and consolidated financial statements are consistent, in all material respects, with the audited separate and consolidated financial statements, on the basis described in Note 2 (i).

Summary Separate and Consolidated Financial Statements

The summary separate and consolidated financial statements do not contain all the disclosures required by International Financial Reporting Standards (“IFRSs”). Reading the summary separate and consolidated financial statements and the auditor’s report thereon, therefore, is not a substitute for reading the audited separate and consolidated financial statements and the auditor’s report thereon.

The Audited Separate and Consolidated Financial Statements and Our Report Thereon

We expressed an unmodified opinion on the audited separate and consolidated financial statements in our audit report dated 21 March 2023.

Management’s Responsibility for the Summary Separate and Consolidated Financial Statements

Management is responsible for the preparation of the summary separate and consolidated financial statements on the basis described in Note 2 (i).

Auditor’s Responsibilities for the Audit of the Separate and Consolidated Financial Statements

Our responsibility is to express an opinion on whether the summary separate and consolidated financial statements are consistent, in all material respects, with the audited separate and consolidated financial statements based on our procedures, which were conducted in accordance with International Standard on Auditing (ISA) 81O (Revised), Engagements to Report on Summary Financial Statements.

Port of Spain, TRINIDAD:

21 March 2023

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TRINIDAD AND TOBAGO INSURANCE LIMITED

ABRIDGED SEPARATE AND CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022

ABRIDGED SEPARATE AND CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 31 December 2022 • Expressed in thousands of Trinidad and Tobago Dollars

2021	Parent2022		2022	Group2021
68,568	59,565	AssetsCash and short-term funds	465,534	419,239
8,015	7,994	Fixed deposits	53,187	53,468
353,381	282,376	Investment securities	2,481,335	2,708,252
1,534	1,194	Interest receivable	9,129	10,843
72,032	70,626	Insurance receivables	81,694	79,585
–	–	Loans and advances	208,126	214,359
14,781	18,231	Other receivables and prepayments	22,699	22,858
3,563	6,707	Taxation recoverable	7,785	3,747
162,435	197,744	Reinsurance assets	218,682	179,803
101,297	124,208	Investment properties	156,616	109,227
2,355	2,417	Right-of-use assets	6,003	8,084
66,790	66,790	Investments in subsidiaries	–	–
62,009	50,436	Property and equipment	72,454	81,228
30,490	43,288	Intangible assets	68,032	45,073
4,395	4,467	Deferred tax asset	6 505	6,144
77,055	73,371	Employee benefit asset	137,804	142,484
1,028,700	1,009,414	Total assets	3,995,585	4,084,394
81,414	68,790	LiabilitiesInsurance and other payables	92,089	98,863
–	–	Taxation payable	10	167
2,383	2,296	Lease liabilities	6 344	8,416
36,291	37,594	Deferred tax liability	153,625	174,245
3,551	3,982	Employee benefit obligation	6,899	6,502
–	–	Investment contract liabilities	282,978	273,901
328,650	373,051	Insurance contract liabilities	1,785,172	1,705,772
452,289	485,713	Total liabilities	2,327,117	2,267,866
19,070	19,070	EquityStated capital	19,070	19,070
15,944	15,944	Catastrophe reserve	15,944	15,944
541,397	488,687	Retained earnings	1,632,801	1,780,770
576,411	523,701	Equity attributable to the equity holders of the Parent	1,667,815	1,815,784
–	–	Non-controlling interest	653	744
–	–	Total equity	1,668,468	1,816,528
1,028,700	1,009,414	Total liabilities and equity	3,995,585	4,084,394

The full Audited Financial Statements can be accessed at each of its offices during normal business

hours in accordance with section 80 (2) of the FIA and section 152 (2) of the IA.

The accompanying notes form an integral part of these abridged separate and consolidated financial

statements.

These abridged separate and consolidated financial statements were approved by the Board of Directors

and authorised for issue on March 21st, 2023 and signed on its behalf by:

Ray A. Sumairsingh M. Musa Ibrahim

Chairman Managing Director

TRINIDAD AND TOBAGO INSURANCE LIMITED

ABRIDGED SEPARATE AND CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022

ABRIDGED SEPARATE AND CONSOLIDATED STATEMENT OF INCOME

For the Year ended 31 December 2022 • Expressed in thousands of Trinidad and Tobago Dollars

2021	Parent2022		2022	Group2021
598,993 (357,651)	697,365 (479,169)	Gross insurance contracts premium revenue Reinsurers’ share of insurance contracts premium revenue	864,257 (475,361)	793,322 (349,057)
241,342 (32,858)	218,196 (40,425)	Net insurance contracts premium revenue Gross change in unearned premium provision and unexpired risk	388,896 (40,425)	444,265 (32,858)
32,405	40,353	Reinsurers’ share of change in unearnedpremium provision and unexpired risks	40,353	32,405
(453)	(72)	Net change in unearned premium provision and unexpired risks	(72)	(453)
240,889	218,124	Net insurance revenue	388,824	443,812
29,610	9,987	Investment income	(34,550)	291,150
66,174	74,234	Other income	87,374	76,456
336,673	302,345	Total revenue	441,648	811,418
(165,148)	(188,286)	Gross claims incurred	(377,377)	(383,049)
14,350	24,339	Reinsurer’s share of gross claims incurred	39,568	22,030
(150,798)	(163,947)	Net insurance claims incurred	(337,809)	(361,019)
–	–	Interest charged on investment contracts	(12,186)	(11,783)
(148,276)	(148,790)	General administrative and selling expenses	(213,165)	(199,954)
(299,074)	(312,737)	Total claims incurred and other expenses	(563,160)	(572,756)
37,599	(10,392)	Net (loss)/profit before taxation	(121,512)	238,662
(11,388)	(4,853)	Taxation expense	3,616	(37,545)
26,211	(15,245)	Net (loss)/profit after taxation	(117,896)	201,117
		(Loss)/Profit attributable to:
26,211	(15,245)	Equity holders of the Parent	(117,811)	201,022
–	–	Non-controlling interest	(85)	95
26,211	(15,245)		(117,896)	201,117

The full Audited Financial Statements can be accessed at each of its offices during normal business

hours in accordance with section 80 (2) of the FIA and section 152 (2) of the IA.

The accompanying notes form an integral part of these abridged separate and consolidated financial

statements.

TRINIDAD AND TOBAGO INSURANCE LIMITED

ABRIDGED SEPARATE AND CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022

ABRIDGED SEPARATE AND CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

For the Year ended 31 December 2022 • Expressed in thousands of Trinidad and Tobago Dollars

Parent Group

2021 2022 2022 2021

26,211 (15,245) Net (loss)/profit after taxation (117,896) 201,117

Other comprehensive gain/(loss)

Other comprehensive gain/(loss) not to be reclassified to separate statement of income or loss

in subsequent periods:

Re-measurement gain/(loss)8,486 (6,877) on defined benefit plans	(10,418)	14,604
(2,311) 1,912 Income tax effect	2,797	(3,841)
Total comprehensive (loss)/income32,386 (20,210) for the year, net of tax	(125,517)	211,880
Attributable to:32,386 (20,210) Equity holders of the Parent	(125,426)	211,785
– – Non-controlling interest	(91)	95
32,386 (20,210)	(125,517)	211,880

The full Audited Financial Statements can be accessed at each of its offices during normal business hours in accordance with section 80 (2) of the FIA and section 152 (2) of the IA.

The accompanying notes form an integral part of these abridged separate and consolidated financial statements.

ABRIDGED SEPARATE AND CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

For the Year ended 31 December 2022 • Expressed in thousands of Trinidad and Tobago Dollars

Parent	Stated capital	Statutory surplus reserve	Catastrophereserve	Retained earnings	Total
Balance at 1 January 2021	19,070	102,615	15,944	430,794	568,423
Reclassification of statutory surplus reserve	–	(102,615)	–	102,615	–
Total comprehensive income	–	–	–	32,386	32,386
Dividends 2021	–	–	–	(24,398)	(24,398)
Balance as at 31 December 2021	19,070	–	15,944	541,397	576,411
Total comprehensive loss	–	–	–	(20,210)	(20,210)
Dividends 2022	–	–	–	(32,500)	(32,500)
Balance as at 31 December 2022	19,070	–	15,944	488,687	523,701

TRINIDAD AND TOBAGO INSURANCE LIMITED

ABRIDGED SEPARATE AND CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022

ABRIDGED SEPARATE AND CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (CONTINUED)

For the Year ended 31 December 2022 • Expressed in thousands of Trinidad and Tobago Dollars

Total equity

Statutory attributable to Non- Stated surplus Catastrophe Retained equityholders controlling

Group capital reserve reserve earnings of the Parent interest Total

Balance at 1 January 2021 19,070 102,615 15,944 1,502,584 1,640,213 649 1,640,862

Reclassification of statutory

surplus reserve (Note 2) – (102,615) – 102,615 – – – Total comprehensive income – – – 211,785 211,785 95 211,880 Other life insurance

reserve movements – – – (11,816) (11,816) – (11,816)

Dividends 2021 – – – (24,398) (24,398) – (24,398)

Balance as at

31 December 2021 19,070 – 15,944 1,780,770 1,815,784 744 1,816,528

Total comprehensive

income – – – (125,426) (125,426) (91) (125,517)

Other life insurance

reserve movements – – – 9,957 9,957 – 9,957

Dividends 2022 – – – (32,500) (32,500) – (32,500)

Balance as at

31 December 2022 19,070 – 15,944 1,632,801 1,667,815 653 1,668,468

The full Audited Financial Statements can be accessed at each of its offices during normal business hours in accordance

with section 80 (2) of the FIA and section 152 (2) of the IA.

The accompanying notes form an integral part of these abridged separate and consolidated financial statements.

TRINIDAD AND TOBAGO INSURANCE LIMITED

ABRIDGED SEPARATE AND CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022

ABRIDGED SEPARATE AND CONSOLIDATED STATEMENT CASH FLOWS

For the Year ended 31 December 2022 • Expressed in thousands of Trinidad and Tobago Dollars

Parent Group

2021 2022 2022 2021

Cash flows from operating activities

37,599 (10,392) Net (loss)/profit before taxation (121,512) 238,662

Adjustments to reconcile net profit to net cash generated from operating activities:

(2,239) (1,931) Gain on employee benefits (3,249) (3,110)

6,267 6,901 Depreciation and amortisation 11,866 11,163

(10,840) 12,174 Net (gain)/loss on revaluation of investments 119,892 (170,499)

(3,555) (3,926) Realised (gain)/loss on sale of equities (3,926) (16,469) Loss/(gain) on revaluation of

– (6,810) investment property 6,188 3,910

– – Loss on disposal of property and equipment 1 12

Amortisation of premiums on

245 220 investment securities 220 245

46 (282) Impairment expense/(write-back) (96) (5,499)

(1,451) (1,567) (Gain)/loss on foreign exchange 2,734 (1,319)

Operating profit before working

26,072 (5,613) capital changes 12,118 57,096

(52,097) (37,013) (Increase)/decrease in receivables (32,372) (48,386)

40,970 (12,711) Increase/(decrease) in payables (12,649) 40,345

32,049 44,401 Increase/(decrease) in insurance contracts 84,907 120,782

46,994 (10,936) Cash generated from operations 52,004 169,837

(12,682) (4,810) Taxes paid (8,762) (17,661)

Cash generated from/(used in)

34,312 (15,746) operating activities 43,242 152,176

Cash flows from investing activities

Additions to property and equipment,

(30,676) (24,289) intangible assets, leased assets (35,061) (45,788) Proceeds from sale/maturity of investments

144,922	98,824	and fixed deposits	503,243	1,047,287
(137,415)	(35,293)	Purchase of investments and fixed deposits	(438,929)	(1,286,032)
–	–	Net increase in loans and advances	6,300	(7,245)
(23,169)	39,242	Cash (used in)/generated from investing activities	35,553	(291,778)
(24,398)	(32,500)	Cash flows from financing activitiesDividends paid to shareholders	(32,500)	(24,398)
(24,398)	(32,500)	Cash used in financing activities	(32,500)	(24,398)
		Net (decrease)/increase in cash
(13,255)	(9,004)	and cash equivalents	46,295	(164,000)

Cash and cash equivalents

81,823 68,568 at the beginning of the year 419,239 583,239

Cash and cash equivalents

68,568	59,565	at the end of the year	465,534	419,239
		Represented by:
47,089	38,865	Cash on hand and at bank	431,359	370,291
21,479	20,700	Short-term deposits	34,175	48,948
68,568	59,565		465,534	419,239
		Supplemental information:
15,716	11,973	Interest and dividends received	97,826	108,276

The full Audited Financial Statements can be accessed at each of its offices during normal business hours in accordance with section 80 (2) of the FIA and section 152 (2) of the IA.

The accompanying notes form an integral part of these abridged separate and consolidated financial statements.

Probate Advertisement

NOTICE NO. 9 BARBADOS

IN THE SUPREME COURT OF THE JUDICATURE

High Court

In the Estate of

DENNIS LAYNE also known as DENNIS EBENEZER LAYNE

Deceased

PUBLIC NOTICE is hereby given that an application is being made for the following Grant of Administration namely:-

LETTERS OF ADMINISTRATION to the

Estate of DENNIS LAYNE also known as DENNIS EBENEZER LAYNE late Lot 48 Trents in the parish of Saint James in this Island who died at the Queen Elizabeth Hospital on the 28th day of January 2023 by RUBY BAHADUR the Spouse of the deceased.

The Registrar will after fourteen days from the date of this advertisement in the Official Gazette proceed with the above named application for Administration.

Dated the 1st day of May, 2023.

PHILIP A. McWATT

Attorney-at-Law.

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Printed and Published by

the Barbados Government Printing Department

VOL. CLVIII No. 42

Part C

BRIDGETOWN, BARBADOS, 1ST MAY, 2023

ContentsDuty Leave: The Hon. Sir Patterson Cheltenham, K.A.,Chief Justice 1Lost Policy Notices for Wayne Gibbs 1Retitrements from the Public Service 2	NOTICE NO. 2 SAGICOR LIFE INC. WAYNE GIBBS of No. 4 Banyan Court Apts, Chelsea Road, St. Michael having made sworn deposition that Policy No. S00088269 issued by Sagicor Life Inc., on his life has been lost and having made application to the Directors to grant a duplicate of the same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy asked for will be issued. Dated the 10th day of March, 2023.By Order, ALTHEA C. HAZZARDCorporate Secretary.
NOTICE NO. 1 Government Notice Duty Leave The Hon. Sir Patterson Cheltenham, K.A., Chief Justice, has been granted three (3) days’ duty leave from 23rd to 25th April, 2023, to attend the Caribbean Court of Justice Trust Fund Board of Trustees Meeting, to be held on 24th April, 2023 in Trinidad and Tobago.
	NOTICE NO. 3 SAGICOR LIFE INC. WAYNE GIBBS of No. 4 Banyan Court Apts, Chelsea Road, St. Michael having made sworn deposition that Policy No. S05113979 issued by Sagicor Life Inc., on his life has been lost and having made application to the Directors to grant a duplicate of the same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy asked for will be issued. Dated the 10th day of March, 2023.By Order, ALTHEA C. HAZZARDCorporate Secretary.

GOVERNMENT NOTICE

Retirements from the Public Service

The following persons have retired/will retire from the Public Service with effect

from the dates indicated:-

Name/Post Ministry/Department Effective Date

Ms. Jennifer Cornibert Health and Wellness 2023-04-01

Clerical Officer

Mr. Melvin Nowell Housing, Lands and Maintenance 2023-03-20

Technician I

Ms. Beverley D. Forde	Soil Conservation	2023-03-01
Clerical Officer	Agriculture, Food and
	Nutritional Security

Mr. Lyman F. Clement	Agriculture, Food and	2023-03-01
Maintenance Supervisor	Nutritional Security

Mr. Trevor T. Greene	Transport, Works and	2023-03-19
Operator V	Water Resources

Mrs. Yvonne Y. Blenman Health and Wellness 2023-03-17

Dental Assistant

Mr. Ronald D. Brathwaite	Government Industrial Schools	2023-03-01
Vice Principal	Home Affairs and Information

Ms. Catherine Cook	Agriculture, Food and	2023-03-02
Supervisor	Nutritional Security

Mr. Wellington H. C. Greenidge	Post Office	2023-03-15
Postmaster	Home Affairs and Information

(M.P. PK 524, PM 13, PB 1377, PW 320, PR 201, PP 977, PJ 136, PT 923, PW 454)

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Printed and Published by

the Barbados Government Printing Department

Gazette May 1, 2023 Part B & C VOL CLVIII No. 42

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