62 / 72
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2014
60
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)
51
23. Financial Risk Management…(continued)
Market risk…(continued)
Interest rate risk
…(continued)
A summary of the Credit Union’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
Cash resources
$
50,444,111
52,168,830
6,615,561
-
-
Financial investments - Held to maturity
-
7,286,633
5,459,000
7,650,000
-
Loans and advances
14,676,516
23,231,331 194,048,142 452,375,490
-
Due from related companies
-
-
-
-
17,107,462
Other assets
-
-
-
- 3,124,648
Total assets
$ 65,120,627 82,686,794 206,122,703 460,025,490 20,232,110
Deposits
$ 428,314,292
42,421,541 225,024,499
26,006,498
-
Loans payable
4,468,769
2,470,525
14,233,408
22,515,771
-
Reimbursable shares
-
-
-
-
5,351,432
Other liabilities
-
-
-
- 7,967,387
Total liabilities
432,783,061 44,892,066 239,257,907 48,522,269 13,318,819
Interest rate gap
$ (367,662,434) 37,794,728 (33,135,204) 411,503,221 6,913,291
2014
Up to
Within
Within
Over Non-interest
3 months 3-12 months 1-5 years 5 years bearing Total
Cash resour es $ 50,444,111 52,168,830 6,615 561
-
-
1 9,228,502
Financial investments -
Held to maturity
-
7,286,633 5,459,000 7,650,000
-
20,395,633
Loans and advances
14,676,516 23,231,331 194,048,142 452,375,490
-
684,331,479
Due from rel ted companies
-
-
-
-
17,107,46 17,107,46
Other assets
-
-
-
-
3,124,648 3,124,648
Total assets
$ 65,120,627 82,686,794 206,122,703 460,025,490 20,232,110 834,187,724
Deposits $ 428,314,292 42,421,541 225,024,499 26,006,498
-
721,766,830
Loans pay ble
4,468,769
2,470,525 14,233,408 22,515,771
-
43,688,47
Reimbursable shares
-
-
-
-
5,351,432 5,351,432
Other liabilities
-
-
-
-
7,967,387 7,967,387
Total liabilities
432,783,061 44,892,066 239,257,907 48,522,269 13,318,819 778,774,122
Interest rate gap $ (367,662,434)
37,794,728 (33,135,204) 411,503,221 6,913,291 55,413,602