Consolidated Annual Report 2015

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED CONSOLIDATED ANNUAL REPORT 2015 68 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2015 (Expressed in Barbados dollars) 57 25. Financial Risk Management…(continued) 25.4 Market risk…(continued) Interest rate risk A summary of the Groupʼs interest rate gap position is as follows: 2015 Up to Within Within Over Non-interest 3 months 3-12 months 1-5 years 5 years bearing Assets Cash resources $ 66,903,483 16,985,915 19,218,200 1,488,980 4,175,828 1 Financial investments 2,082,500 5,714,239 8,004,503 13,150,000 2,033,220 Loans and advances 17,451,443 28,850,836 213,952,597 645,804,655 - 9 Other assets - - - - 6,383,058 Total assets 86,437,426 51,550,990 241,175,300 660,443,635 12,592,106 1, Liabilities Deposits 480,508,713 114,971,690 287,900,537 31,931,000 - 9 Loans payable 779,448 2,345,924 15,349,402 33,560,168 - Reimbursable shares - - - - 6,700,221 Other liabilities 5,498,287 - - - 4,525,210 Total liabilities 486,786,448 117,317,614 303,249,939 65,491,168 11,225,431 9 Interest rate gap $ (400,349,022) (65,766,624) (62,074,639) 594,952,467 1,366,675 2015 Up to Within Within Over Non-interest 3 months 3-12 months 1-5 years 5 years bearing Total Assets Cash resou ces $ 66,903,483 16,985,915 19,218,200 ,488,980 4 175 828 108,772,406 Financial i vestments 2,082,500 5,714,239 8,004,503 13,1 ,000 2 033 22 30,984,46 Loans and advances 17,451,443 28,850,836 213,952,597 64 ,804,655 - 906,059,531 Other assets - - - - 6,383,058 6,38 ,058 Total assets 86,437,426 51,550,990 241,175,300 660,443,635 12,592,106 1,052,199,457 Liabilities Deposits 480,508,713 114,971,690 287,900,537 31,931,000 - 915,311,940 Loans payable 779,448 2,345,924 15,349,402 33,560,168 - 52,034,942 Reimbursable shares - - - - 6,700,221 6,700,221 Other liabilities 5,498,287 - - - 4,525,210 10,023,497 Total liabilities 486,786,448 117,317,614 303,249,939 65,491,168 11,225,431 984,070,600 Interest rate gap $ (400,349,022) (65,766,624) (62,074,639) 594,952,467 1,366,675 68,128,857