Non-Consolidated Annual Report 2014

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BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED NON-CONSOLIDATED ANNUAL REPORT 2014
BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED
Notes to the Non-consolidated Financial Statements
For the year ended March 31, 2014
(Expressed in Barbados dollars)
49
23. Financial Risk Management…(continued)
Liquidity risk and funding management...(continued)
Liquidity risk – Financial liabilities
2014
Within Within Within Over
3 months 3-12 months 1-5 years 5 years
Deposits $ 437,551,212 43,336,394 254,423,149 57,825,354
Loans payable 5,023,152 3,996,839 22,730,389 29,383,545
Reimbursable shares - - 5,351,432 -
Other liabilities - 5,424,060 - 2,543,327
$ 442,574,364 52,757,293 282,504,970 89,752,226
2013
Within Within Within Over
3 months 3-12 months 1-5 years 5 years
Deposits $ 440,591,759 46,820,262 195,468,065 50,226,708
Loans payable 1,910,823 5,705,827 29,690,437 39,720,736
Reimbursable shares - - 5,726,048 -
Other liabilities - 4,215,566 - -
$ 442,502,582 56,741,655 230,884,550 89,947,444
BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED
Notes to the Non-consolidated Financial Statements
For the year ended March 31, 2014
(Expressed in Barbados dollars)
23. Financial Risk Management .
Market risk
Market risk is the risk that the fair value or future cash flows of financial instruments will fluctuate due
to changes in market variables such as interest rates, foreign exchange rates and equity prices. The
Credit Union is mainly exposed to interest rate risk. The Credit Union’s exposure to currency risk is
minimal since it does not have any significant foreign currency denominated assets.
Interest rate risk
Interest rate risk is the risk of loss from the fluctuations in the future cash flows or fair values of
financial instruments because of a change in market interest rates. It arises when there is a mismatch
between interest-bearing assets and interest-bearing liabilities, which are subject to interest rate
adjustments, within a specified period. It can be reflected as a loss of future net interest income and/or
a loss of current market values.
2014
Within Within Within Over
3 months 3-12 months 1-5 years 5 years Total
Deposits $ 437,551,212 43,336,394 254,423,14 57,825,354 7 3,136,109
Loans paya le 5,023,152 3,996,839 22,730,389 29,383,54 61,133,925
Reimbursable shar - - 5,351,432 - 5,351,432
Other liabilities - 7,967,387 - - 7,967,387
$ 442,574,364 55,300,620 282,504,970 87,208,899 867,588,853
2013
Within Within Within Over
3 months 3-12 months 1-5 years 5 years Total
Deposits $ 440,591,759 46,820,262 195,468,065 50,226,708 733,106,794
Loans payable 1,910,823 5,705,827 29,690,437 39,720,736 77,027,823
Reimbursable shares - - 5,726,048 - 5,726,048
Other liabilities - 4,215,566 - - 4,215,566
$ 442,502,582 56,741,655 230,884,550 89,947,444 820,076,231