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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)
52
23. Financial Risk Management…(continued)
Market risk…(continued)
Interest rate risk
…(continued)
2013
Up to
Within
Within
Over
Non-intere
3 months 3-12 months
1-5 years
5 years
bearin
Cash resources
$
45,860,776
62,430,614
1,949,030
-
-
Financial investments - Held to maturity
-
1,268,955
10,459,000
4,650,000
-
Loans and advances
12,550,422
20,302,715 191,512,204 427,502,609
-
Due from related companies
-
-
-
-
13,034,57
Other assets
-
-
-
- 2,933,76
Total assets
$ 58,411,198 84,002,284 203,920,234 432,152,609 15,968,34
Deposits
$ 433,022,008
45,009,357
171,811,516
22,560,464
-
Loans payable
1,090,830
3,337,039
19,921,280
31,083,225
-
Reimbursable shares
-
-
-
-
5,726,04
Other liabilities
-
-
-
- 4,215,56
Total liabilities
434,112,838 48,346,396 191,732,796 53,643,689 9,941,61
Interest rate gap
$ (375,701,640) 35,655,888 12,187,438 378,508,920 6,026,72
013
Up to
Within
Within
Over Non-interest
3 onths 3-12 months 1-5 years 5 years bearing Total
Cash resources $ 45,860,776 62,430,614 1,949,030 -
-
110,240,42
Financial investments -
Held to maturity
-
1,268,955 10,459,000 4,650,000
-
16,377,955
Loans and advances
12,550,422 20,302,715 191,512,204 427,502,609
-
651,867,950
Due from rela ed companies
-
-
-
-
13,034,575 13,034,575
Other asset
-
-
-
-
2,93 ,76 2,933,768
Total assets
$ 58,411,198 84,002,284 203,920,234 432,152,609 15,968,343 794,454,668
Deposits $ 433,022,008 45,009,357 171,811,516
22,560,464
-
672,403,345
Loans payable
1,090,830
3, 37,039 19,921 280 31,083,225
-
55,432,374
Reimbursable shares
-
-
-
-
5,726,048 5,726,048
Other liabilities
-
-
-
-
4,215,566 4,215,566
Total liabilities
434,112,838 48,346,396 191,732,796 53,643,689 9,941,614 737,777,333
Interest rate gap $ (375,701,640)
35,655,888 12,187,438 378,508,920 6,026,729 56,677,335