Separate Annual Report 2021

105 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | SEPARATE FINANCIAL STATEMENTS 2021 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Separate Financial Statements For the year ended March 31, 2021 (Expressed in Barbados dollars) 85 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: 2021 Up to Within Within Over Non-interes 3 months 3-12 months 1 - 5 years 5 years bearing Cash resources $ 351,242,038 11,770,422 24,701,005 - Financial investments Debt securities - amortized cost 358,928 - 13,052,947 10,232,022 Loans and advances 34,991,779 58,617,897 204,434,722 756,620,821 Due from related companies 280,209 845,898 4,647,792 4,054,585 18,614,805 Other assets - - - - 10,433,278 Total assets $ 386,872,954 71,234,217 246,836,466 770,907,428 29,048,083 Deposits $ 716,566,922 125,849,255 495,183,394 36,706,645 Reimbursable shares - - - - 14,702,164 Other liabilities 152,763 469,774 1,383,083 73,862 12,923,728 Total liabilities 716,719,685 126,319,029 496,566,477 36,780,507 27,625,892 Interest rate gap $ (329,846,731) (55,084,812) (249,730,011) 734,126,921 1,422,191 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Separate Financial Statements For the year ended March 31, 2021 (Expressed in Barbados dollars) 23. Financial Risk Management, continued Market risk, continued Interest rate risk , continued 2020 Up to Within Within Over Non-interes 3 months 3-12 months 1-5 years 5 years bearing Cash resources $ 265,505,460 17,662,094 11,734,496 - Financial investments Debt securities - amortized cost - - 7,436,198 10,799,874 Loans and advances 31,942,823 47,459,811 217,715,855 748,961,582 Due from related companies 276,442 834,526 4,585,309 5,244,331 17,805,941 Other assets - - - - 12,122,951 Total assets $ 297,724,725 65,956,431 241,471,858 765,005,787 29,928,892 Deposits $ 639,791,025 114,372,572 489,284,919 36,149,180 Reimbursable shares - - - - 13,229,324 Other liabilities 136,589 459,018 1,979,290 195,284 8,151,524 Total liabilities 639,927,614 114,831,590 491,264,209 36,344,464 21,380,848 Interest rate gap $ (342,202,889) (48,875,159) (249,792,351) 728,661,323 8,548,044 ADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED the Separate Financial Statements ear ended March 31, 2021 ed in Barbados dollars) 85 nancial Risk Management, continued rket risk, continued erest rate risk , continued ummary of the Credit Union’s interest rate gap position is as follows: 2021 Up to Within Within Over Non-interest 3 months 3-12 months 1 - 5 years 5 years bearing Total sh resources $ 351,242,038 11,770,422 24,701,005 - - 387,713,465 ancial investments Debt securities - amortized cost 358,928 - 13,052,947 10,232,022 - 23,643,897 ans and advances 34,991,779 58,617,897 204,434,722 756,620,821 - 1,054,665,219 e from related companies 280,209 845,898 4,647,792 4,054,585 18,614,805 28,443,289 her assets - - - - 10,433,278 10,433,278 tal assets $ 386,872,954 71,234,217 246,836,466 770,907,428 29,048,083 1,504,899,148 posits $ 716,566,922 125,849,255 495,183,394 36,706,645 - 1,374,306,216 imbursable shares - - - - 14,702,164 14,702,164 her liabilities 152,763 469,774 1,383,083 73,862 12,923,728 15,003,210 tal liabilities 716,719,685 126,319,029 496,566,477 36,780,507 27,625,892 1,404,011,590 erest rate gap $ (329,846,731) (55,084,812) (249,730,011) 734,126,921 1,422,191 100,887,558 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Separate Financial Statements For the year ended March 31, 2021 (Expressed in Barbados dollars) 85 23. Financial Risk Manage ent, continued Market risk, continued Interest rate risk , continued A summary of the Credit Union’s interest rate gap position is as follows: 2021 Up to Within Within Over Non-interes 3 months 3-12 months 1 - 5 years 5 years bearing Cash resources $ 351,242,038 11,770,422 24,701,005 - Financial investments Debt securities - amortized cost 358,928 - 13,052,947 10,232,022 Loans and advances 34,991,779 58,617,897 204,434,722 756,620,821 Due from related companies 280,209 845,898 4,647,792 4,0 4,585 18,614,805 Other assets - - - - 10,433,278 Total assets $ 386,872,954 71,234,217 246,836,466 770,907,428 29,04 ,083 Deposits $ 716,566,922 125,8 9,255 495,183,394 36,706,645 Reimbursable shares - - - - 14,702,164 Other liabilities 152,763 469,774 1,383,083 73,862 12,923,728 Total liabilities 716,719,685 126,319,029 496,566,477 36,780,507 27,625,892 Interest rate gap $ (329,846,731) (55,084,812) (249,730,011) 734,126,921 1,422,191 ARBADOS PU LIC WORKERS' CO-OPERATIVE CREDIT UNION L MITED tes to the Separate Financial Sta ments r the year ended March 31, 2021 xpressed in Barbados dollars) Financial Risk Management, continu d Market risk, continued Interest rate risk , continued 2020 Up to Within Within Over Non-inter st 3 months 3-12 months 1-5 years 5 years bearing To Cash resources $ 265,505,460 17,662,094 11,734,496 - - 294,902,0 Financial investments Debt securities - amortized cost - - 7,436,198 10,799,874 - 18,236,0 Loans and advances 31,942,823 47,459,811 217,715,855 748,961,582 - 1,046,080,0 Due from related companies 276,442 834,526 4,585,309 5,244,331 17,805,941 28,746,5 Other assets - - - - 12,122,951 12,122,9 Total assets $ 297,724,725 65,956,431 241,471,858 765,005,787 29,928,892 1,400,087,6 Deposits $ 639,791,025 114,372,572 489,284,919 36,149,180 - 1,279,597,6 Reimbursable shares - - - - 13,229,324 13,229,3 Other liabilities 136,589 459,018 1,979,290 195,284 8,151,524 10,921,7 Total liabilities 639,927,614 114,831,590 491,264,209 36,344,464 21,380,848 1,30 ,74 ,7 Interest rate gap $ (342,202,889) (48,875,159) (249,792,351) 728,661,323 8,548,044 96,338,9 RBADOS PU LIC WO KERS' CO-OPERATIVE CREDIT UNION L MITED tes to the Separate Financial Sta ments r the year ended March 3 , 2021 xpressed in Barbados dollars) 85 Financial Risk Management, continued Market risk, continu d Interest rate risk , con inued A summary of the Credit Union’s inter st rate gap position is as foll ws: 2021 Up to Within Within Over Non-inter st 3 months 3-12 months 1 - 5 years 5 years bearing To Cash resources $ 351,242,038 11,770,422 24,701,005 - - 387,713,4 Financial investments Debt securities - amortized cost 358,928 - 13,052,947 1 ,232,022 - 23,643,8 Loans and advances 34,991,779 5 ,617,897 204,434,722 756,620,821 - 1,054,665,2 Due from related compani s 280,209 845,898 4,647,792 4,054,585 1 ,614,805 28,443,2 Other assets - - - - 10,433,278 10,433,2 Total assets $ 386,872,954 71,234,217 246,836,466 770,907,428 29,048,083 1,504,899,1 Deposits $ 716,566,92 125,849,255 495,183,394 3 ,706,6 5 - 1,374,306,2 Reimbursabl shares - - - - 14,702,164 14,702,1 Other liabilities 152,763 469,774 1,383,083 73,862 12,923,728 15,003,2 Tot l liabilities 71 ,719,685 126,319,02 496,566,477 36,780,507 27,625,892 1,404,011,5 Inter st rate gap $ (329,846,731) (55,084,812) (249,730,011) 734,126,921 ,422,191 100,887,5 RBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED s to the Separa e Financial Statements he year ended March 31, 2021 ressed in Barbados dollars) Financial Risk Management, conti ued Market risk, continued Interest rate risk , continued 2020 Up to Within Within Over Non-inter st 3 months 3-12 months 1-5 years 5 years bearing Tota Cash resources $ 265,505,460 17,6 2,094 1 ,734,496 - - 294,902,050 Financial investments Debt securities - amortized cost - - 7,436,198 10,79 ,874 - 18,236,072 Loans and advances 31,942,823 47,459,811 217,715,855 748,961,582 - 1,046,080, 71 Due from related companies 276,442 834,526 4,585,309 5,244,331 17,805,941 28 746 549 Other assets - - - - 12,122,951 12 122 951 Total assets $ 297,724,725 65,956,431 241,471,858 765,005,787 29,928,892 1,40 ,087,69 Deposits $ 639,791,025 114,372,572 489,284,919 36,149,180 - 1,279,597,696 Reimbursable shar s - - - - 13,2 9,324 13 229 324 Other liabilities 136,589 459,018 1,979,290 195,284 8,151,524 10 921 705 Total liabilit es 639,927,614 1 4,831,590 491,264,209 36,34 ,464 21,380,848 1,303,748,72 Interest rate gap $ (342,202,8 9) (48,875,159) (249,792,351) 728,661,323 8,548,04 96 3 968 RBADOS PUBLIC WORKERS' CO-OPE ATIVE CREDIT UNION LIMITED s to the Separate Financial Statements he year ended March 31, 2021 ressed in Barbados dollars) 85 Financ al Risk Ma gement, continued Market risk, continued Inter st rate risk , continued A summary of the Cred t Union’s inte st rate gap pos tion is as follows: 2021 Up to Within Within Over Non-inter st 3 months 3-12 months 1 - 5 years 5 years bearing Tota Cash resources $ 351,242,038 1 ,7 0,422 24,701,0 5 - - 387,713,465 Financial inv stments Debt securities - amortized cost 358,928 - 13,052,947 10,232,02 - 23,643,897 Loans and advances 34,991,779 58,617,897 204,434,722 756,620,821 - 1,054,665,219 Due from related companies 280,209 845,898 4,647,792 4,054,585 18,614,805 28,443,289 Other assets - - - - 10,433,278 10,433,278 Total assets $ 386,872,954 71,234,217 246,836,466 7 0,907,428 29,048,083 1,504,89 ,14 Deposits $ 716,566,922 125,849,255 495,183,394 36,706,645 - 1,374,306,216 Reimbursable shares - - - - 14,702,164 14,702,164 Other liabilities 152,763 469,774 1,383,083 73,862 12,923,728 15,003,210 Total liabilitie 716,719,685 126,319,029 496,56 ,47 36,780,507 27,625,892 1,404,01 ,59 Interest rate gap $ (329,846,731) (5 ,084,812) (249,730,011) 734,126,921 1,42 ,191 10 ,8 7,5 8 BADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED o the Separate Financi l tatements e year ended March 31, 2021 ssed in Barbados dollars) Financial Risk Management, conti ued Market risk, conti ued nter st rate risk , continued 20 0 Up to Within Within Over Non-inter st 3 months 3-12 months 1-5 years 5 years bearing Total Cash resources $ 265, 05,460 17,662,094 11,734,496 - - 294,902,05 Financial investments Debt securities - amortized cost - - 7,436,198 10,799,874 - 18,236,072 Loans and adv nces 31,942,823 47,459,811 217,715,855 748,961,582 - 1,046,080,071 Due from relat d companies 276,442 834,526 4,585,309 5,244,331 17,805,9 1 28,746,549 Other assets - - - - 12,122,951 12,122,951 Total assets $ 297, 24,725 65,956,431 241,471,858 765,005, 87 29,928,892 1,400,087,693 Deposit $ 639,791,025 114,372,572 489,284,919 36,149,180 - 1,279,597,69 Reimbursable shares - - - - 13,229,324 13,229,324 Other liabilities 136,589 459,018 1,979,2 0 195,284 8,151,524 10,921,705 Total li bilities 639, 27,614 114,831,590 491,264,209 36,344,464 21,380,848 1,303,748,725 nter st rate gap $ (342,202,889) (48,875,159) (249,792,351) 728,661,3 3 8,548,044 96,338,968 BADOS PUBLIC WORKERS' CO- PERATIVE CREDIT UNION LIMITED o the Separate Fi ancial Statements e year en ed March 31, 021 ss d in Barbados dollars) 85 Financial Risk M nagement, continued Market risk, continued nter st rate risk , continued A summary of the Credit Union’s inter st rate gap osition is as foll ws: 2021 Up to Within Within Over No -inter st 3 months 3-12 months 1 - 5 years 5 years bearing Total Cash resources $ 351,24 ,038 11,770,422 24,701,005 - - 387, 13,465 Financial investments Debt securities - amortized cost 358,928 - 13,052,947 10, 32,022 - 23,643,897 Loans and adv nces 34,991,779 58,617,897 204,434,722 756,620,821 - 1,054,665,219 Due from related companies 280,209 845,898 4,647,792 4,054, 85 18,614,805 28,443,289 Other assets - - - - 10,433,278 10,433,278 Total assets $ 386,872,954 71,234,217 246,836,466 770,907,428 29,048,083 1,504,899,14 Deposits $ 716,566,922 125,849,255 495,183,394 36,706,645 - 1,374,306,216 Reimbursable shares - - - - 14,702,164 14,702,164 Other liabilities 152,763 469,774 1, 83,083 73,862 12,923,728 15,003,210 Total liabilities 716,719,685 126,319,029 496,566,477 36,780,507 27,625,892 1, 04,011,590 nter st rate gap $ (329,846,731) (55,084,812) (249,730, 11) 734,126,921 1,422, 9 100,887,558 ADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED the Separate Financ al Statements year end d March 31, 2021 sed in Barbados dollars) nancial Risk Management, con inued arket risk, continued teres rate risk , continued 2020 Up to Within Within Over Non-interest 3 months 3-12 months 1-5 years 5 years bearing Total ash resources $ 265, 05,460 17,662,094 11,734, 96 - - 294,902,050 nanc al investments Debt securities - amortized cost - - 7,436,198 10,799,874 - 18,236,072 ans and advances 31,942,823 47,459,811 217, 15,855 748,961,582 - 1,046,080,071 ue from related companies 276,442 834,526 4,585,309 5,244,331 17,805,941 28,746,549 her assets - - - - 12,122,951 12,122,951 otal asset $ 297, 24,725 65,956,431 241,471,858 765,005,787 29, 28, 92 1,400, 87,693 eposits $ 639,791,025 114,372,572 489,28 ,919 36,14 ,1 0 - 1,279,597,696 eimbursable share - - - - 13,229,324 13,229,324 her liabilities 136,589 459,018 1,979,290 195,284 8,151,524 10,921,705 otal li bilities 639, 27,614 114,831,590 491,26 ,209 36,344, 21,380,848 1,303,748,725 erest rate gap $ (342, 02,889) (48,875,159) (249,792,351) 728,661,323 8,54 ,044 96,338,968 ADOS PUBLI WORKERS' CO-OPERATIVE CREDIT UNION LIMITED the Separate Financ al Statements year nd d March 31, 2021 sed in Barbados dollars) 85 nancial Risk Management, continued arket risk, continued teres rate risk , co tinu d summary of the Credit Union’s nterest rate gap pos ti n s as follows: 2021 Up to Within Within Over Non-interest 3 months 3-12 months 1 - 5 years 5 years bearing Tot l ash resources $ 351,242,038 11,770 42 24,70 005 - - 387, 13,465 nancial investments Debt securities - amortized cost 358,928 - 13,052,947 10,232 2 - 23,643,897 ans and adv nces 34,991,77 58,617 897 204,434 722 756,620 821 - 1,054,665,219 ue from related companies 280,209 845,898 4,647,792 4,054,58 18,614,805 28,443,289 her assets - - - - 10,433,278 10,433,278 otal assets $ 386,872,954 71,234 217 246,836 466 770,907 428 29,048 083 1,504,8 9,148 eposits $ 716,566,9 2 125,849,255 495, 83 394 36,706 45 - 1,374,306,216 eimbursable shares - - - - 14,702,164 14,702,164 her liabilities 152,763 469,774 1,383,083 73,862 12,923,728 15,003,21 otal liabilitie 716,719,685 126,3 9 02 496,56 477 36,780 07 27,625 89 1,404,011,590 erest rate gap $ (329,846,731) (55,084,812) (249,730, 11) 734,126,921 1,422,191 100,887,55 DOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED h Separ te Financial Statements ar end d March 31, 2021 d in Barbados dollars) ancial Risk Management, co tinued ket risk, conti ued rest rate risk , conti ued 20 Up to Within Within Over Non-inter st 3 months 3-12 months 1-5 years 5 years bearing Total h resources $ 265, 05,46 17,662,094 11,734, 96 - - 294,902,05 ncial i vestments ebt securities - amortized cost - - 7,436,198 10,799,874 - 18,236,072 ns and advances 31,942,823 47,459,811 2 7,715,855 748,961,5 2 - 1,046,080, 71 from relat d compani s 276,442 834,526 4,585,309 5,244,331 17,805,941 28,746,549 er assets - - - - 12,122,951 12,122,951 al assets $ 297, 24,725 65,95 ,431 241,471,858 765,005,787 29, 28, 1,400, 87,693 osits $ 639,791,025 114,372,572 489,284,919 36,149,180 - ,279,59 ,6 6 mbursa le share - - - - 13,229,324 13,229,3 4 er liabilities 136,589 459,018 1,979,290 195,284 8,151,524 10,921,7 al li bi ities 639, 27,614 1 4,83 ,590 4 1,264,209 36,34 , 21,380,84 1,303,748,725 st rate gap $ (342, 02,889) (48,875,159) (249,792,351) 728,661,323 8,548,04 96,338,9 8 DOS PUBLIC WORKERS' CO-OPERATIVE REDIT UNION L MITED h Separ te Financial Statements ar nd d March 31, 2021 d in Barbados dollars) 85 ancial Risk Management, co tinued ket risk, continued rest rate risk , continued m ary of the Credit Union’s inter t rate gap osit on is as follow : 2021 Up to Within Within Over Non-inter st 3 months 3-12 months 1 - 5 years 5 years bearing Total h resources $ 351,242,038 1 ,7 0,42 4,701,0 5 - - 387, 13,465 ncial investments ebt securities - amortized cost 358,928 - 13,052,947 10,232,02 - 23,643,897 ns and advances 34,9 1,7 9 58,617,897 204,434,72 56,620,821 - 1,054,6 5,219 from relat d companies 280,209 845,898 4,647, 92 4,054,585 18,614,805 28,4 3, 89 er assets - - - - 10,43 ,278 10,43 ,278 al as ets $ 386,872,954 71,234,217 46,836, 6 7 0,90 ,428 9,048,083 1,504,899,148 osits $ 716,566,92 125,849, 5 495,183, 94 36,706, 45 - 1,374,306,216 mbursable shares - - - - 14,702, 64 14,702, 64 er liabilities 152,763 469,774 1,383,083 73,862 12,923,728 15,0 3,210 l li bilities 716,719,685 126,319,029 496,566,47 36,780,507 27,625,89 1,404,011,590 st rate gap $ (329,846,731) (55,084,812) (249,730, 1 ) 734,126,921 1,422, 91 00,8 7,5 DOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UN ON L MITED Separate Financial Sta ements ended March 31, 2021 n Barbados dolla s) cial Risk Management, o tinued et risk, continued st rate risk , continued 2020 Up to Within Within Over Non-inter st 3 months 3-12 months 1-5 years 5 years bearing Total resou ces $ 265, 05,46 17,662,094 11,734, 96 - - 294,902,05 cial investments bt securities - amortized cost - - 7,436,198 10,799,8 4 - 18,236,072 and advances 31,942,823 47,459,811 2 7, 15,855 748,961,582 - 046,080, 71 om r lated companies 276,442 834,526 4,585,309 5,244,331 17,805,941 28,746,549 asse - - - - 12,122,951 12,122,951 assets $ 297, 24,725 6 ,95 ,431 24 ,471,858 765,005,787 29, 28, 1 400, 87,6 3 its $ 639,791,025 14,372,572 489, 84,9 9 36,149,1 0 - 1 279,59 ,696 bursable share - - - - 13,229,3 4 13,229,324 liabi ities 136,589 459,018 1,979,2 0 195,284 8,151,524 10,921,705 liabilities 639, 27,614 1 ,83 ,590 4 1,264,209 36,344, 6 21,380,84 1 303,748,725 st rate gap $ (342, 02,889) (48,875,159) (249,792,351) 728,661,323 8,548,04 96,338,968 DOS PUBLIC WORKERS' CO- PERATIVE CREDIT UN ON L M TED Separ te Financial S a em nts end d March 31, 2021 n Barbados doll rs) 85 c al Risk Management, co inued et risk, continued s rate isk , continued ary of the Credit Union’s i ter st rate gap ositi n is as follows: 2021 Up to Within Within Over Non-inter st 3 months 3-12 months 1 - 5 years 5 years bearing Total resou ces $ 351,242,038 11,770,422 4,701, 05 - - 387, 13,465 cial investments bt securities - amortized cost 358,928 - 13,052,947 10,232,0 2 - 3,643,897 and a vances 34,991,77 58,617,897 204, 34,722 756, 20,821 - 1 054,66 ,219 om r lated companies 280,2 9 845,898 4,6 7,792 4,054, 8 18,614,805 28,443,289 asse s - - - - 10,433,278 10,433,278 assets $ 386, 72,954 71,234,217 246,836,4 6 770,90 ,428 9,048,0 3 1,504,899,148 its $ 716,5 6,922 1 5,849,255 49 ,183, 94 36,706,645 - 1 374,306,216 bursa le share - - - - 14,702,164 14,702,164 liabi ities 152,763 469,774 1,383,083 73,862 12,923,728 15,003,21 li bilities 716,719,685 126,319,029 496,566,477 36, 80,5 7 2 ,625,89 1,404, 11,590 st rate gap $ (329,846,731) (55,084, 12) (249,730,011) 734,126,921 ,422,191 100,887,55 ADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNIO LIM TED he Separate Fi ncial Statements ear nded March 31, 021 ed in Barb dos do lar ) anci l Risk Managem nt, co tinued rket risk, co tinued res rate risk , co tinued 20 Up t Within Within ver Non-interest 3 months 3-12 months 1-5 years years bearing otal h resou ces 2 5, 05,46 17,662,094 1 ,734,496 - - 2 4,90 , 5 ancial investments Debt securities - amortized cost - - 7,43 ,198 0,799,874 - ,236,07 ns and advances ,942,823 47,459,811 17,715,855 748,961,582 - 1,046,080,071 e from related companies 276,44 834,526 4,585,309 5,244,331 17,805,941 28,746,549 er assets - - - - 12,122,951 2,122,951 l asset 2 7,7 4,725 ,95 ,431 41,471, 58 765,005, 87 29,928,892 1,400,087,693 posits 6 9,791,025 1 ,372,572 489,28 , 19 36,149,180 - 1,27 ,597, 96 mbursable sh res - - - - 13,229,324 13,229,324 er liabilities 1 ,589 4 ,018 1, 7 ,2 0 1 ,284 8,151,524 10,921,705 al liab lities 6 ,927,614 11 ,83 ,590 491,26 ,209 36,344, 64 21,380, 48 1, 03,748,725 rest ra e gap (3 2, 02,889) ( 8,875,159) (249,79 ,351) 728,661, 23 8,54 ,044 96,338,968 OS PUBLIC WORKERS' CO- PERATIV CR DIT UNION LIMITED S parate Financ al Statements nd d March 31, 2021 Barbados dollars) al Risk Management, continued risk, continued rate risk , continued 2020 Up to Within Within Over Non-interest 3 months 3-12 months 1-5 years 5 years bearing Total sources $ 265, 05,46 17, 62,094 11,734,496 - - 294,902, 5 al investments securities - amortized cost - - 7,436,198 10,799,8 4 - 18,236,072 and advances 31,942,823 47,459,811 217,715,855 748,961,582 - 1,046,080,071 m related companies 276,442 834,526 4,585,309 5,244,331 17,805,941 28,746,549 ssets - - - - 12,122,951 2,122,951 sset $ 297, 24,725 6 ,9 ,431 24 ,471,858 65,005,787 29,928,8 1,400, 87,693 s $ 639,791,025 4,372,572 489, 84,9 9 36, 49,180 - 1,279,59 ,696 rsable shares - - - - 13,229,3 4 13,229,324 abilities 136,589 459,018 1,979,2 0 195,284 8,151,524 10,921,705 bilit es 639, 27,614 11 ,83 ,590 491,264,209 36,344, 6 21,380, 4 1,303,748,7 5 ra e gap $ (342, 02,889) (48,875,159) (249,7 2,351) 728,6 1,323 8,54 ,04 96, 8, 68 OS PUBLIC WORKERS' CO-OPERATIV CR DIT UNION LIM TED S par te Fin nc al St tem nts nd d March 31, 2021 Barb dos ollars) 85 l R sk Managem nt, continued isk, continued ate risk , continued mary of the Cr di Union’s nterest ra e gap pos tion is as follows: 2021 Up to Within Within Over Non-interest 3 months 3-12 months 1 - 5 years 5 years bearing Total ources $ 351,242 038 11,770 422 24,701 0 5 - - 387,713 465 al investments securities - amor ized cos 358,92 - 13,052 947 10,232 0 - 23,64 897 and advances 34,9 1 7 9 58,617 89 204,434,722 756,620,8 1 - 1,054,665,219 m elated companies 280, 09 845, 98 4,647,792 4,054,585 18,614 805 28,443,289 ssets - - - - 10,433,278 10,433,278 s ets $ 386,872 954 71,234 17 2 6,83 46 770,90 4 8 29,048 83 1,504 89 48 s $ 716,566,922 125,849 55 5,183 394 6,70 6 5 - 1,37 , 06 21 rsable shares - - - - 14,702 64 14,702,164 abilities 152,763 469,774 1,383 0 3 73,862 12,923,728 15,003,2 0 bilities 716, 9 685 26,319 02 4 ,56 477 36, 80 507 27,625 892 1,404 01 590 ate gap $ (329,846 731) (55,084 81 ) (2 9,730 011) 734, 26 9 1 1,422 191 100,887 55 Cash resources Fi ancial investments L a Due from related companies 8 ,2 9 8 5 98 4 47 92 4 05 , 5 8 , $ 16 56 ,92 s - 0 1 ab lities 1 2 63 4 9,7 4 38 Total lia Interest rate gap (32 4 ,7 1 5 8 ,81 ) 2 9 7 0 1 ) 7 2 1 1 1 RBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED s to the Separate Financial Statements he year ended March 31, 2021 ressed in Barbados dollars) 85 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: 2021 Up to Within Within Over Non-interest 3 months 3-12 months 1 - 5 years 5 years bearing Tota Cash r source $ 351,242,038 11,770,422 24,701,005 - - 387,713,46 Finan al investmen s Debt securities - amortized cost 358,928 - 13 052 947 10 232 0 - 23 643 89 Loans and advances 34,991 77 58,617 8 7 20 434 72 756 620 821 - 1,054 665 1 Due from related companies 280,209 845,898 4,647,792 4,054,585 8 614 805 28 4 28 Other ass ts - - - - 10,433,278 10,433,27 Total assets $ 386,872,954 71,234,217 246,836,466 770,907,428 29,048,083 1,504,899,14 D posits $ 716,566,922 125,849,255 495,183,394 36,706,645 - 1,37 3 6 21 Re mbursable shares - - - - 4 702 164 4 7 2 16 Other liabilities 152,763 469,774 1,383,083 73,862 12,923,728 15,003,21 Total liabilities 716,719,685 126,319,029 496,566,477 36,780,507 27,625,892 1,404,011,59 Interest rate gap $ (329,846,731) (55,084,812) (249,730,011) 734,126,921 1,422,191 100,887,558 D I K ' CO O R U O I T D o t e a a e in al St t m nded r 1, 20 d arba 5 n i k M n n ar i n n isk n m ar t r i rest rat g f 0 p t i on n r hs - 2 5 ear C s o 0 7 4 7 0 - 4 5 F nancial v t e s Debt e - a 9 13 052 947 10 232 0 2 - 3 3 897 L s d dv 3 991,779 ,617 8 7 434 22 6 620 821 - 054 665 1 Due f o r lat p i 2 8 5 8 8 6 7 2 0 5 8 614 805 28 44 89 er s t 4 2 4 2 8 Tot as 9 2 2 4 4 0 0 5 ,8 ,1 D p i s 9 2 3 7 6 - 37 3 6 216 Re mb rs l 7 1 7 1 4 l 7 7 3 0 8 9 7 0 2 0 o a i i i e 6 0 4 7 5 6 8 4 ,0 ,5 Int rest rate g 8 0 4,8 2) 7 9 4 1 5 BADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED o the Separate Financial Statements year ended March 31, 20 1 ssed in Barbados dollars) 85 Financial Risk Management, conti ued Market risk, conti ued nter st rate risk , conti ued A summary of the Credit Union’s interest rate gap position is as foll ws: 2021 Up to With n With n Ov r Non-interest 3 months 3-12 months 1 - 5 years 5 years bearing Total Cash resources $ 351,24 ,038 11,770,422 24,701,005 - - 387,713,465 Financial investm nts Debt securities - amortized cost 358,928 - 13,052,947 10,23 ,022 - 23,643,897 Loans and advances 34,991,779 58,617, 97 204,43 ,72 756,620,821 - 1,054,665,21 Du from related companies 280,209 845,89 4,647,792 4,054,585 18 614, 05 28 443,289 Other assets - - - - 10,433,278 10,433,278 Total assets $ 386,872,954 71,234,217 246,836,466 770,907,428 29,048,083 1,504,899,148 Deposit $ 716,566,922 125,849,255 495,183,394 36,706,645 - 1,374,306,216 Reimbursable shares - - - - 14 702,164 14 702,164 Other liabilit es 152,763 469,774 1,38 ,083 73,862 12,923,728 15,003,210 Total liabilities 716,719,685 126,319,029 496,566,477 36,780,507 27,625,892 1,40 ,011,590 nterest rate gap $ (329,846,731) (55,084,812) (249,730,011) 734,126,921 1,422,19 100,887,558 ADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED the Separate Financial Statements year nd d March 31, 2021 ed in Barbados dollars) 85 nancial Risk Management, continued arket risk, continued terest rate risk , continued summary of the Credit Union’s interest rate gap position s as follows: 2021 Up to Within Within Over Non-interest 3 months 3-12 months 1 - 5 years 5 years bearing Total ash resourc s $ 351,242,038 11,770,42 24,701,0 5 - - 387,713,465 nancial investments Debt securities - amortized cost 358,928 - 13 052,94 10 32,02 23 643,897 ans and adv n es 34,9 1,7 58,617, 97 204 434 722 756 620 821 - 1,054,665, 1 ue from related companies 280,209 845,898 4,647,792 4,054,585 18 614,805 28 4 ,289 her assets - - - - 10,433,278 10,433,278 otal assets $ 386,872,954 71,234,217 246,836,46 7 0,907,428 29,048,083 1,504,899,148 eposit $ 716,566,92 125,849,25 495,183,394 36,706,645 - 1,374,3 6,216 imbursable shares - - - - 14 702,164 14 702,164 her liabilities 152,763 469,7 4 1,383,083 73,862 12,923,728 15,0 3,210 otal liabilities 716,719,685 126,319,029 496,566,47 36,780,507 27,625,892 1,404,011,590 erest rate gap $ (329,846,731) (55,084,812) (249,730,011) 734,126,921 1,422,191 100,8 7,5 8 DOS PUBLIC WORKERS' CO- PERATIVE CREDIT UNION LIM TED he S par te Financial Statements ar nd d March 31, 2021 d in Barbados dollars) 85 anc al Risk Management, co inued ket risk, continued r st ra e risk , continued mmary of the Credit Union’s inter st rate gap osition is as follows: 2021 Up o Within Within Ove Non-inter st 3 months 3-12 months 1 - 5 years 5 years bearing Total h resources $ 351,242,038 11,770,422 24,701,005 - - 387,713,465 ncial investments ebt securities - amortized cost 358,928 - 13,052,947 10,232, 2 23 43 897 ns and advances 34,991,77 5 ,617,897 204 34 22 756 620 821 - 1,054 665 1 from relat d companies 280,209 845,898 4,647,792 4,054,58 8 614 805 28 4 89 er assets - - - - 10,433,278 10,433,278 al assets $ 386,872,954 71,234,217 246,836,466 770,907,428 29,048,083 1,504,899,148 osits $ 716,566,922 125,849,255 495,183,394 36,706, 45 - 1,37 3 6 16 mbursable share - - - - 4 702 164 4 7 2 164 er liabilities 152,763 469,774 1,383,083 73,862 12,923,728 15,003,21 al liabi ities 716,719,685 126,319,029 496,566,477 36,780,507 27,625,89 1,404,011,590 st rate gap $ (329,846,731) (55,084,812) (249,730,011) 734,126,921 1,422, 91 00,887,55 DOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UN ON L MITED Separ te Financial Statements end d March 31, 2021 n Barbados dollars) 85 cial Risk Management, continued et risk, continued st rate risk , continued ary of the Credit Union’s i ter st rate gap ositi n is as follows: 2021 Up to Within Within Over Non-inter st 3 months 3-12 months 1 - 5 years 5 years bearing Total resources $ 351,242,038 11,770,422 24,701,005 - - 387, 13,465 c l investments bt securities - amortized cost 358,928 - 13,052,947 10 32,022 3 43,8 7 and advances 34,991,779 58,617,897 20 , 34,722 756 620, 21 - 1 054,665,219 om related companies 280,209 845,898 4,647,792 4,054,585 18,614,805 28 43, 89 asset - - - - 10,433,278 10,433,278 assets $ 386,872,954 71,234,217 246,836,466 770,90 ,428 29,048,083 1,504,899,148 it $ 716,566,922 125,849,255 49 ,183, 94 36,706, 45 - 1,37 ,306,216 ursable shares - - - - 14 702,164 4 702, 64 liabi it es 152,763 469,774 1,383,083 73,862 12,923,728 15,003,210 liabilities 716,719,685 126,3 9,029 496,566,477 36,780,507 27,625,89 1,404,011,590 st rate gap $ (329,846,731) (55,084,812) (249,730,011) 734,126,921 1,422,191 100,887,558 OS PUBLIC WORKERS' CO-OPERATIVE CR DIT UNION LIM TED S parate Fin nc al Statem nts nded March 31, 2021 Barbados dollars) 85 al Risk Managem nt, continued risk, continued ra risk , continued mary of the Credi Union’s nterest rate gap position s as follows: 2021 Up to Within Within Over Non-inte est 3 months 3-12 months 1 - 5 years 5 years bearing Total sources $ 351,242,038 1 ,7 0,422 24,701, 5 - - 387,71 ,465 al investments securities - amortized cost 358,928 - 13,052,947 10 232 0 23, 43 897 and advances 34,991,77 58,617,897 20 434, 22 756 620,821 - 1,0 4,66 , 19 m related companies 280,209 845,89 4,647,792 4,054, 8 8 614,805 28 4 , 89 sse s - - - - 10,43 ,278 10,43 ,278 s ets $ 386,872,954 71,234,217 246,836,466 7 0,90 ,428 29,048,083 1,504,899,14 s $ 716,566,922 125,849,255 495,183, 94 36,706, 45 - 1,37 ,3 6,216 rsable shares - - - - 4 702 164 4 7 2 164 abilities 152,763 469,7 1,383,08 73,862 12,923,728 15,0 3,21 abilit es 716,719,685 126,319,029 496,566,477 36, 80,50 27,625,89 1,404,011,59 rate gap $ (329,846,731) (55,084,812) (249,730,011) 734, 26,92 1,422,191 100,8 7,5 BARBADOS PUBLIC W RKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to he Separate Financial Statements For the year ended March 31, 2021 (Exp essed in Barbados dollars) 85 23. Fi ncial Risk Ma agement, continued Market risk, continued I terest rate risk , continued A summary of th C dit Union’s in erest rate gap position is as follows: 2021 Up o Within Within Over N n-in e es 3 months 3-12 months 1 - 5 years 5 years be ring Cash resources $ 351,242,038 1 ,770,422 24,701,005 - Financial investments Debt securities - amortized cost 358 928 - 13 52 947 10 232 0 2 Loans and advances 34 9 1,779 58 617,8 7 204 434, 2 756 620,821 Due from related companies 280,209 845,898 4,647,792 054,585 1 ,614 805 Other assets - - - - 10,433,27 Total assets $ 386,872,954 71 234,217 246 836,466 770,907,428 29,048,0 3 D posits $ 716 566,922 125,849,255 495,183,394 36 706,6 5 Reimbursabl shares - - - - 4,702,164 Other liabilities 152,763 469,774 1 383,083 73,862 2,9 3,728 Total liabilities 716 71 , 85 12 319,029 496, 66,477 36,780,507 27,62 ,892 Interest rate gap $ (3 9, 46,731) (55,084,812) ( 49,730,011) 734, 26,921 1,422,191 ARBADOS PU LIC WORKERS' C -OP RATIVE CREDIT UN ON L MITED t s to the Separate F nancial Statements r the year ended March 31, 2021 xpressed in Barbado dollars) 85 F nancial Risk Management, continu d Market risk, continued In erest rate risk , con inued A summary of the Credit Un on’s interest rate gap position is as foll ws: 2021 Up to Within Within Over Non-inte e t 3 months 3-12 months 1 - 5 years 5 years bearing To Cash r sources $ 351,242,038 1,770,4 2 24,701,005 - - 387,713,4 F nancial nvestments Debt s curities - amortized cost 358 928 - 13 052 947 10 232 0 2 3 43 8 Loans and advan s 34,991 779 5 ,617 7 20 434, 2 7 6 620 82 - 1,054 665 Due from related compani s 280,209 845,898 4,647,792 4,054,585 8 614 805 28 4 Other assets - - - - 10,4 3,278 10,4 3,2 Total assets $ 386,872,954 7 ,234,217 2 ,836,466 770,907,4 8 29,048,083 ,50 ,8 9,1 Deposits $ 716,566,9 2 1 ,849,255 495,183,394 36,706,645 - ,37 3 6 2 R imburs ble shar s - - - - 4 702 164 4 7 2 1 O her l abilities 152,763 469,774 1,383,083 73,86 1 ,923,728 15,003,2 Total liabilities 716,7 9,685 126,319,029 496,5 6,4 36,780,50 27,625,892 ,404,0 1,5 Interest rate gap $ (329,846,731) ( 5,08 ,812) (249,730,0 ) 734,126,92 1,4 2,191 1 0,8 7,5 eparate a t y d d d ar olla n M m i t a gap p sitio f n r 5 ye r 0, 387 i ecurities - amortized cost 358 928 - 0 2 7 d 3 58, 8 - u o l 6 8 9 T tal a 2 0 D 495,183,394 36,706,645 - 6 1 1 3 7 3,210 8 59 t ) DOS L C W R ERS' CO- P R I REDI U ON M D o he S parate Fina c Sta eme e yea nd d arch 3 2021 ssed in Ba os do lars 85 na i l Ris Mana me , cont d arket risk c nt d er st rate r sk , co i d u mary of the Cre t U ion’s interest r e gap osition is a ol ws 2021 U to it ithin No -int res on s 3- on - y years r ng o Ca h esources $ 351,242, 3 11 770, 24 701, 387,713, Fina ci l nv tm nt Debt securities - amortize cost 358 28 - 13 05 10 32 23 64 Loans and advances 34 9 1,7 9 8,617, 9 204,434, 2 756 620 - 1 0 4 66 21 Due from r ated companies 280,2 9 845,898 4,647, 4 0 4, 18 614 5 28 443 28 Other assets - 10 433, 8 10 433,27 Total ssets $ 386,872, 71 234, 1 246,836, 6 7 0,907, 29 048, 83 1 504,899, Deposi $ 716,566, 125,849, 495,183,3 4 36,706,645 - 1 374 30 1 Reimbursabl shares - - 14 702 4 14 7 2 16 O er liabilit es 152, 469, 1 383, 73 12 923, 8 15 0 3,210 Total li bili ies 716,719,685 26,319, 2 496,566, 36 780, 27 6 5, 92 1 404,011, 0 nterest ra e gap $ (329,846, 3 ) 55 084, ) (249,73 , ) 734,126, 1 422, 91 100,8 7,55 S P W ERS PE VE E ED he Se arate Fina c t eme r d ar h 3 021 os rs) 85 i Man me n d r i on d r r t s c d ma of h C t n i te e gap pos t n s a U W th i er on int es n 3- on - ears ng a e o e 351 24 11 70 2 24 0 005 38 ,71 a c a i t nt bt s rities - amortized cost 358 928 - 13 2 94 10 32 23 4 an ance 34 9 7 58,617 8 7 20 434 2 756 620 821 - 1 0 4 r m re at com ani 280, 9 845 898 4 64 , 92 4 0 58 8 1 0 28 4 s 10 33, 10 33, sset 386 87 71 34 17 246 836 66 7 0 907 428 29 48 83 1 5 4, , s ts 716 56 125 849 255 495, 83 394 36,706 645 - 1 3 im ur le h r s 4 0 64 4 ti 15 46 774 1 3 , 3 73 8 2 12 2 , 28 15 , 1 liab e 716 71 26 3 9 02 496 56 477 36 80 07 27 25 892 1 4 4, , e e r t ga 329 46, 55 4 12) 249 30 734 12 1 4 2 1 100 8 R ' O ER E D D te Finan t n c n ar os l ) 85 R g t ue o ti ue ont n y n r r ga ositio s as f s o t W t ve t r s 12 o e r ars ur 13, ves e ts ec r ties - amortized cost 358 928 - 1 nc s 17, 2 0 1 m r l t n , 9 9 e e s i s 9 ,183, 94 36,706, 45 bur abl s r e ab 7 t e r g 4 PU LIC WO ERS' CO OPERA I E CR DIT UN O LIM ED Se te Financ al St eme ts nd d Ma ch 31, 2021 i Barba s dollars) 85 cial R sk Manageme , co inue risk, on inu s ra e risk , on in d a y of he Credi Union’s nteres rate ga osition is as ollow : 20 Up to ithin Within Ove No -interest mo hs 3-12 mo hs 1 - 5 y ars y rs i al resources 242,038 1 7 0,422 4 701,005 3 , 13,465 c al investments bt securities - amortized co t 58,928 - 13 052,947 10,232,02 23,643,897 and advan es 34,991,779 58,617 897 204 34,722 56,620,821 - 0 4,665,219 om related companies 2 ,209 845,898 4,64 , 92 4,054,58 8,614,805 28 4 3, 9 assets - ,433,278 433,278 as ts ,872,954 7 234,2 7 24 836, 6 77 90 ,428 048,083 1,50 ,899,1 8 sits $ 566,922 1 849, 5 495,183, 94 36,706, 45 - 37 ,306,216 bursable shares - - - - 4,702, 64 4 7 2, 64 liabil ties 763 46 7 4 38 ,083 7 862 1 923,7 8 0 3,21 li bilities 71 719,685 12 319,029 49 566,477 3 780,507 2 625,89 1,40 ,0 1,590 rate gap ( 2 ,846,731) (55 084,812) ( 49 73 , 11) 734 126,921 42 ,191 ,887,55 PU LI WORKE CO OP RA CR DIT UN O IM D epar Financial t eme ts nd d Ma ch , 2 21 Barba s dollar ) 85 l Risk a a e en , co inue is o inue rate risk , continue y o redit Union’s i er s ra e ap osition s a follows 2021 Up t i in Wi hin ver Non-inter s h 3-12 on hs 1 - 5 ear 5 e r be i g l sou ces 3 1, 42, 38 1 770, 2 4,701, 5 3 7, 13,465 al investments securities - amortized cost 358,928 - 13,052, 7 10,232, 2 , 3,8 7 nd adv nces 34, 1,77 58,617, 7 204, 34,722 756, 20, 1 - ,0 4, 6 ,2 m r lated companies 2 0,209 845, 98 4,647, 9 4,05 , 8 18,614, 5 2 ,4 3, 9 s ets - 0 33, 8 10,4 3, 8 ssets 3 6, 72, 54 7 234, 7 246,836, 66 770,90 , 8 9,048, 3 1,504,89 ,148 s 7 6, 66, 22 12 849, 55 49 ,183, 94 36,706, 5 - 1,374,30 ,2 rsa le sh re - 14,702, 4 14,7 2, 4 abilities 63 46 74 1,38 , 8 7 2 1 ,923, 8 15, 3, abi ities 71 19, 85 126 3 9, 29 49 ,566, 77 36, 80, 7 2 ,625, 1,404,01 ,590 rate ap $ 3 9, 46, 1) (55 084, ) (249 730, 1) 734,126, 21 ,42 , 9 100, 87, 5 u O RBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED es to the Separate Financial Statements the year ended March 31, 2021 pressed in Barbados dollars) Financial Risk Management, continued Market risk, continued Interest rate risk , continued 2020 Up to Within Within Over Non-interest 3 months 3-12 months 1- years 5 years bearing Tota Cash resources $ 265,505,460 17,662,094 11,734,496 - - 294,902,05 Financial investm nts Debt securities - amortized cost - - ,436,198 10,799,874 - 18,236, Loans and advances 31,942,823 47,459,811 217,715,855 748,961,582 - 1,046,080,07 Due from related companies 276,442 834,526 4,585,309 5,244,331 7,805,94 28,746,54 Other assets - - - - 12,122,951 12,122,95 Total assets $ 297,724,725 65,956,431 241,471,858 765,005,787 29,928,892 1,400,087,69 Deposits $ 639,791,025 114,372,572 489,284,919 36,149,180 - 1,279,597,69 Reimbursable shares - - - - 13, 29,3 3,2 9,32 Other liabilities 136,589 459,018 1,979,290 195,284 8,151,524 10,921,70 Total liabilities 639,927,614 114,831,590 491,264,209 36,344,464 21,380,848 1,303,748,72 Interest rate gap $ (342,202,889) (48,875,159) (249,792,351) 728,661,323 8,548,044 96,338,96 RBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED s to the Separate inancial Stat ents he year ended March 31, 20 ressed in Barbados dollar ) Financial Risk Man gement, c tin ed Market risk, co tinue Intere t rate ris , c tin 20 Up to Within Within ve Non int re t 3 onths -12 m ths 1-5 y 5 y s bearing ot Cash re ources $ 2 ,5 ,4 0 ,6 ,0 4 ,7 ,4 - 2 ,9 ,0 0 Financial nvestments Debt securities - am rtiz d co t 436 198 10 799 874 18 236 2 Loans and dvan es ,942 823 ,459 811 2 7 71 855 7 8 961 582 - ,046 080 07 Du from relate comp ie 2 ,4 2 8 ,5 6 4,5 ,3 9 5,2 ,3 7 805 4 28 746 549 Other ass t - ,1 ,9 ,1 ,9 1 Total as $ 2 ,7 ,7 5 ,9 6,4 1 2 ,4 1,8 8 7 ,0 ,7 7 ,9 ,8 ,4 ,0 ,6 Depo its $ 6 9,7 ,0 5 1 4,3 2,5 4 9,2 ,9 9 6,1 ,1 0 - ,279 597 696 Re mbursable s a e - 3 229 3 3 2 9 3 Oth r liabilitie 1 ,5 9 4 ,0 8 ,9 ,2 0 1 ,2 4 ,1 ,5 ,9 ,7 5 Tot l liabilit e 6 ,9 7,6 4 1 ,8 1,5 0 4 ,2 ,2 9 ,3 ,4 4 ,3 ,8 ,3 ,7 ,7 Int rest rat g $ 3 ,2 ,8 9) ( ,875,1 9) 24 ,7 2,3 1) 7 ,6 ,3 3 ,5 ,0 ,3 ,9 8 BADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED to the Separate Fina cial Statements e year ended March 31, 2021 ssed in Barbados dollars) Financial Risk Man gement, conti ued Market risk, conti ued nter st rate risk , conti ued 20 0 Up to Withi Withi Over Non-inter st 3 months 3-12 months 1-5 years 5 years bearing Total C sh resources $ 265,50 ,460 17,662,094 11,734,496 - - 294,902,05 Fina cial investments Debt se urities - amortized cost - - 7, 36,1 8 10,799,874 - 1 ,236, 2 Loans and a vances 31,9 2,823 47,4 9,811 217,715,855 748,961,582 - ,046,08 ,071 Due from related companie 276,442 834,526 4,58 ,309 5,244,331 7,80 , 4 28,746,549 Other assets - - - - 12,122,951 12,122,951 Total ssets $ 297,724,725 65,956,431 241,471,85 765,005,78 29,928,892 1,400,087,693 Deposit $ 639,791,025 114,372,572 489,284,91 36,149,180 - ,279,597,69 Re mbursable shares - - - - 3, 29,3 13,229,324 Other liabilit es 136,589 459,018 1,97 ,290 195,284 8,15 ,524 10,921,705 Total liabilit es 639,927,614 114,831,590 491,264,209 36,344,46 21,380,848 1,30 ,748,725 nterest rate gap $ (342,20 ,889) (48,875,159) (249,792,351) 728,661,323 8,548,044 96,338,968 ADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED the Separate Financial Statements year end d March 31, 2021 sed in Barbados dollars) nancial Risk Management, continued arket risk, continued terest rate risk , continued 2020 Up to Within Within Over Non-interest 3 months 3-12 months 1-5 years 5 years bearing Total ash resources $ 265,505,460 17,662,094 11,734,496 - - 294,902,050 nancial investments Debt securities - amortized cost - - 436,198 10,799,874 18,236, 2 ans and adv nces 31,942,823 47,459,811 217,715,855 748,961, 2 - 1,046,080,071 ue from relat d companies 276,442 834,526 4,585,309 5,244,331 7,805, 4 8,746,549 her assets - - - - 12,122,951 12,122,951 otal asset $ 297,724,725 65,956,431 241,471,858 765,005,787 29,928,892 1,400,087,693 eposits $ 639,791,025 114,372,572 489,284,919 36,149,180 - 1,279,597,696 eimbursable shares - - - - 13, 29,3 3,2 9,324 her liabi ties 136,589 459,018 1,979,290 195,284 8,151,524 10,921,705 otal li bilities 639,927,614 1 4,831,590 491,264,209 36,344,46 21,380,848 1,303,748,725 erest rate gap $ (342,202,8 9) (48,875,159) (249,792,351) 728,661,323 8,548,044 96,338,968 DOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED he Separ te Financial Statements ar end d March 31, 2021 d in Barbados dollars) ancial Ri k Management, continued ket risk, continued r st rate risk , continued 2020 Up to Within Within Over Non-inter st 3 months 3-12 months 1-5 years 5 years bearing Total h resources $ 265, 05,46 17,662,094 11,734, 96 - - 294,902,05 ncial i vestments ebt securiti s - amortized cost - - ,436,198 0,799,874 18 236 72 ns and adv nces 31,942,823 7,459,811 217,71 ,855 748,961,582 - 1,046 080,071 f om relat d companies 276,442 834,526 4,585,309 5,244,331 7 805 4 28 746,549 er assets - - - - 12,122,951 12,122,951 al assets $ 297, 4,725 65,95 ,431 241,471,858 765,005,787 29, 28, 1,400, 87,693 osits $ 639,791,025 114,372,572 489,284,919 36,149,180 - 1,279 59 ,696 mbursable hare - - - - 13 229 3 3 2 9,324 er liabilities 136,589 459,018 1,979,2 0 195,284 8,151,524 10,92 ,705 al li bilit es 639, 27,614 114,83 ,590 491,264,209 36,344, 6 21,380,84 1,303,748,725 st rate gap $ (342, 02,889) (48, 75,159) (249,792,351) 728,661,323 8,548,04 96,338,968 DOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UN ON L MITED Separ te Financi l Sta ements end d March 31, 2021 n Barbados dollars) cial Risk Management, con inued et risk, continued s rate risk , continued 2020 Up to Within Within Over Non-inter st 3 months 3-12 months 1-5 years 5 years bearing Total resources $ 265, 05,46 17,662,094 11,734, 96 - - 294,902,05 cial investments bt securities - amortized cost - - 436 19 10 79 8 4 18 236 2 and adv c s 31,94 823 47,459 811 2 7 71 8 5 748 961 582 - 1 046 080 071 om r lated companies 276,442 834,526 4,585,309 5,244,331 7 805 4 28 746 549 asset - - - - 12,122,951 2,122,951 assets $ 297, 4,725 6 ,95 ,431 24 ,471,858 765,005,787 29, 28, 1,400,087,693 it $ 639,791,025 114,372,572 489,284,919 36,149,180 - 1,279 597 696 ursa le shares - - - - 13 229 3 3 9 3 4 liabi ties 136,589 459,018 1,979,2 0 195,284 8,151,524 10,92 ,705 liabilities 639, 27,614 11 ,83 ,590 491,264,209 36,344, 6 21,380,84 1,303,748,725 st rate gap $ (342, 02,889) (48,875,159) (249,792,351) 728,661,323 8,548,04 96,338,968 OS PUBLIC WORKERS' CO-OPERATIVE CR DIT UNIO LIMITED S parate Fin nc al Statem nts nded March 31, 2021 Barbados doll rs) al Risk Management, continued risk, continued ra risk , continued 2020 Up to Within Within Over Non-interest 3 months 3-12 months 1-5 years 5 years bearing Total sources $ 265,505,46 17,662,094 11,734,496 - - 294,90 , 5 al investments securities - amortized cost - - 436 98 10 799 874 18 236 and advan es 31,942 823 47,459 811 217 71 55 748 961 582 - 1,046 08 071 m related companies 276,4 834,526 4,585,309 5,24 ,3 1 7 805 4 28 746 549 ssets - - - - 12,122,95 2,12 ,95 s ets $ 297,724,725 6 ,95 ,431 24 ,471,858 765,005,787 29,928,8 1,400,087,693 s $ 639,791,025 14,372,572 489, 8 ,919 36,149,180 - 1,279 597 696 rsable shares - - - - 13 229 3 3 2 9 324 abilities 136,589 459,018 1,979,2 0 195,284 8,151, 24 10,92 ,705 abil t es 639, 27,614 11 ,83 ,590 491,26 ,209 36,344, 6 21,380, 4 1,303,748,725 rate gap $ (342,202,8 9) (48,875,159) (249,792,351) 728,661,323 8,548,04 96,3 8,968 BARBADOS PUBLIC W RKERS' CO-OPERATIVE CREDIT UNION LIMITED Not s to the Separate Financial Statements For the year ended March 31, 2021 (Exp essed in Barbados dollars) 23. Fi cial Risk Management, continued Market risk, continued Inter st rate risk , continued 2020 Up to Within Within Over Non-interes 3 mont s 3-12 months 1-5 years 5 years be ring Cash resources $ 2 5 5 5,460 17 662,094 11,734,496 - Financial nvestments D bt securities - amortized cost - - 436 198 10 799 874 Loan and advan es 31,942 823 47,4 9 11 217 71 855 7 8 96 582 Due from related companies 27 , 2 834, 26 585,309 ,2 ,33 7 805 Other assets - - - - 12 122 Total assets $ 2 7 724,725 65 956,431 241 4 1,858 765 005,787 29,928,892 D posits $ 6 9 791,025 1 372,572 48 2 4,919 36,149 80 Reimbursabl shares - - - - 3 229 3 Other liabilities 136,589 45 , 18 1 979,290 195,284 8 1 1 524 Total liabilities 639 927,6 4 11 831,590 91 2 ,209 6 344,464 1,380,848 Interest rate gap $ (342 202,889) (48 875,159) (249,79 ,351) 72 661,32 8 548 044 ARBADOS PU LIC WORKERS' CO-OPERATIV CREDIT U ION L MITED t s to the Separate F nancial Sta ments r the year ended March 31, 2021 xpressed in Barbado dollars) Fin ncial Ri k Management, continued Market risk, continu d In e es rate risk , continued 2020 Up to Within Within Over Non-int r st 3 months 3-12 months 1-5 years 5 years bearing To Cash r sources $ 265,5 5,460 17, 62,094 1,73 ,496 - - 294,9 2,0 F nancial investments Debt s curi ies - amortized cost - - 436 198 10 7 9 874 18 236 Loans and advanc 31,942 823 47,459 8 1 217 71 8 5 748 961 582 - 1,046 080 0 Due from related compani 276, 42 834,526 4,585,309 5,2 4, 31 7 805 4 28 746 5 O her a sets - - - - 12,1 2,951 12,1 2,9 Total a sets $ 297,724,725 65,956,431 241,471,858 765, 05,787 2 ,9 ,892 1,4 0,087,6 Deposit $ 639,79 ,025 14,372,57 489,284,919 36,149,180 - 1,279 597 6 R imbursable shar s - - - - 13 29 3 3 9 3 Other liabilities 136,589 459,018 1,979,290 195,284 8,151,524 10,921,7 Tot liab l ties 639,927,6 4 14,831,5 0 491,264,209 36,3 ,464 21,3 0,848 1,303,748,7 Interest rate gap $ (342,202, 89) (48,875,159) (249,792,351) 728, 61,323 8,5 8,0 4 6, 38,9 A O B IC W R R C O E A I C D T U O L IT to e arat Fi a h y a n e a r sed in arb d do a Fina isk M em Ma ke r I t st at on 0 Up W t t e on t r 3- 1- a a a a s u c $ 5 6 2 7 2 a nve t ents ebt secu e or i e 436 1 9 8 2 van 9 2 4 9 5 8 1 5 04 08 ue fr r m 6 4 4 5 85 3 44 3 8 5 9 7 6 5 e 1 2 t et $ 4 9 6 1 5 0 87 e its $ 1 0 2 5 4 9 1 9 1 2 59 i ur har 9 9 3 e l a ie 6 9 79 5 51 9 ot b li 7 1 4 3 3 0 0 748 r t r e $ ( 20 9 ( 87 9 ( 79 1 1 8 3 ADO UB IC RS' O ERAT V E IT U L M D to the p t Fi a cial St e year n e ch ssed n Barbado ll s) Financi l Ri k e t, cont ue r t sk, cont nu t r t r e k , cont ued U t W th n W t n v r Non i te st 3 12 5 y a s yea s in o l Cash esou c 26 5 5 17 662 11 734 294 9 2 F na ci l investm Debt ecuri ies a tiz d st 436 8 10 799 74 18 236 2 ans and advances 31,942 47,459 217 715 85 748 961 58 - 1,046 080 D rom r l d om i 276 834 4 585 5 244 7 805 4 28 746 549 O h s t 12 122 12 122 l a s 9 724 5 956 241 471 765 005 2 8 1 40 087 D p sit 639 791 114 372 489 284 36 149 - 1, 79 597 Re burs bl shares - - 13 29 3 2 9 O her lia li s 136 459 1 79 195 8 151 0 921 l l ie 63 927 1 4 831 491 264 36 3 4 21 3 0 1 303 748 ter st rate 34 202 48 875 249 792 728 661 8 5 8 4 6 338 S PUB I E S PER VE E I I I E a n se ar ci R em n t a c a i r z , , a v , fr m a a , 2 s , mbur b s , , U I WO R ' ERA VE DIT L D ra e na i t ar a arbados d la c i k a m t i u e r s nt n s ra nue p t W e n r 3- 1- a a a r u i l ve ents t s ur t s a o - - 9 1 3 7 n a es 2 1 1 85 96 58 - 1, 7 r r d 0 4 s a e its - 1, 9 bu h r - - - - 2 2 l b i r t r ( 42 ( ( P LI WO CO P R V N O E S t ina c t eme M ch 0 B bados o s l s anag e c i u n i e s t U h t on i s 12 h 5 s s i so c s 9 9 a v t s i amo t 436 8 10 799 4 8 236 72 and dv c 42 23 459 11 7 1 5 8 61 82 6 0 0 0 1 om la d i 3 8 9 4 1 7 805 4 28 746 549 e s 5 5 s 3 4 7 93 i 7 8 4 8 9 5 696 b rs l s a e 3 229 324 3 2 9 324 i i s 7 0 5 4 0 l ie 6 4 3 8 25 at p 4 8 8 59 4 5 4 6 S PUB I CR IT U L M rat F men nd M c ado l l R k a , d c nue r k U N on 50 l v e o 6 8 10 99 4 8 2 6 2 and dv e 42 23 59 11 7 5 8 1 2 1, 6 0 0 071 d ,72 8 7 79 1, 9 5 696 s h r 3 2 9 3 3 2 9 3 4 l 5 2 2 ( 3 , A summary of the Credit 2 2 U 3 mon s 3 2 o s ye r F o 2 0 0 4 , 64 ,7 ,0 4 5 1 ,61 7 6 i - - - 1 ,7 , t 5 ,7 6 7 1 $ 9 6 3 ) (5 4 2 ( 4 , 3 ,0 1 34 6,92 ,422, 91