Consolidated Annual Report 2014

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED ANNUAL REPORT 2014 73 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2014 (Expressed in Barbados dollars) 59 24. Financial risk management…(continued) 24.4 Market risk…(continued) Interest rate risk A summary of the Group’s interest rate gap position is as follows: 2014 Up to Within Within Over Non-interest 3 months 3-12 months 1-5 years 5 years bearing Assets Cash resources $ 54,399,903 57,686,650 6,615,562 - 3,925,828 Financial investments - 7,348,091 6,429,118 7,650,000 2,150,000 Loans and advances 17,998,638 26,486,549 217,272,682 563,391,255 - Other assets - - - - 5,718,238 Total assets 72,398,541 91,521,290 230,317,362 571,041,255 11,794,066 Liabilities Deposits 446,337,560 105,556,359 261,032,948 26,125,028 - Loans payable 4,495,688 2,489,103 16,844,938 40,136,415 - Reimbursable shares - - - - 5,351,432 Other liabilities 5,740,183 - - - 6,213,876 Total liabilities 456,573,431 108,045,462 277,877,886 66,261,443 11,565,308 Interest rate gap $ (384,174,890) (16,524,172) (47,560,524) 504,779,812 228,758 2014 Up to Within Within Over Non-interest 3 months 3-12 months 1-5 years 5 years bearing Total Assets Cash resources $ 69,302,8 3 47,283,740 2,115,562 - 3,925,828 122,627,943 Financial investments - 7,348,091 6,429,118 7,650,000 2,150,000 23,577,209 Loans and advances 17,998,638 26,486,549 217,272,682 563,391,255 - 825,149,124 Other assets - - - - 5,718,238 5,718,238 Total assets 87,301, 51 81,118,380 225,817,362 571,041,255 11,794,066 977,072,514 Liabilities Deposits 446,337,560 105,556,359 261,032,948 26,125,028 - 839,051,895 Loans payable 4,495,688 2,489,103 16,844,938 40,136,415 - 63,966,144 Reimbursable shares - - - - 5,351,432 5,351,432 Other liabilities 5,740,183 - - - 6,213,876 11,954,059 Total liabilities 456,573,431 108,045,462 277,877,886 66,261,443 11,565,308 920,323,530 Interest rate gap $ (369,271,980) (26,927,082) (52,060,524) 504,779,812 228,758 56,748,984