Consolidated Annual Report 2014

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED ANNUAL REPORT 2014 74 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) 60 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: 2013 Up to Within Within Over Non-interest 3 months 3-12 months 1-5 years 5 years bearing Assets Cash resources $ 64,136,924 49,920,700 - - 3,375,829 Financial investments 327,656 2,268,955 10,459,000 6,594,742 - Loans and advances 14,075,514 21,067,420 209,831,569 529,639,996 - Other assets - - - - 5,017,755 Total assets 78,540,094 73,257,075 220,290,569 536,234,738 8,393,584 Liabilities Deposits 475,441,737 80,393,748 193,559,391 22,925,464 - Loans payable 1,103,485 3,337,039 20,240,673 49,794,950 - Reimbursable shares - - - - 5,726,048 Other liabilities 5,152,543 - - - 6,254,677 Total liabilities 481,697,765 83,730,787 213,800,064 72,720,414 11,980,725 Interest rate gap $ (403,157,671) (10,473,712) 6,490,505 463,514,324 (3,587,141) 2013 Up to Within Within Over Non-interest 3 months 3-12 months 1-5 years 5 years bearing Total Assets Cash resources $ 64,136,924 49,920,700 - - 3,375,829 117,433,453 Financial investments 327,656 2,268,955 10,459,000 6,594,742 - 19,650,353 Loans and advances 14,075,514 21,067,420 209,831,569 529,639,996 - 774,614,499 Other assets - - - - 5,017, 55 5,017,755 Total assets 78,540,094 73,257,075 220,290,569 536,234,738 8,393,584 916,716,060 Liabilities Deposits 475,441,737 80,393,748 193,559,391 22,925,464 - 772,320,3 0 Loans payable 1,103,485 3,337,039 20,240,673 49,794,950 - 74,476,147 Reimbursable shares - - - - 5, 6,048 5,726,048 Other liabilities 5,152,543 - - - 6,254,677 11,407,220 Total liabilities 481,697,765 83,730,787 213,800,064 72,720,414 11,980,725 863,929,755 Interest rate gap $ (403,157,671) (10,473,712) 6,490,505 463,514,324 (3,587,141) 52,786,305