Consolidated Annual Report 2022

123 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | CONSOLIDATED ANNUAL REPORT 2022 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2022 (Expressed in Barbados dollars) 92 25. Financial Risk Management, continued 25.4 Market risk, continued Interest rate risk A summary of the Group’s interest rate gap position is as follows: 2022 Up to Within Within Over Non-interest 3 months 3-12 months 1-5 years 5 years bearing Assets Cash resources $ 388,880,049 2,269,186 9,921,574 - 7,327,902 4 Financial investments 872,035 15,038,204 10,473,968 1,750,265 3,858,833 Loans and advances 34,032,222 72,267,093 219,540,136 1,060,766,804 12,216,114 1,3 Other assets - - 54,355 120,848 19,861,480 Total assets 423,784,306 89,574,483 239,990,033 1,062,637,917 43,264,329 1, Liabilities Deposits 824,472,905 246,563,968 591,286,031 36,972,328 103,725 1,6 Loans payable - - - 1,277,736 - Reimbursable shares - - - - 20,756,626 Other liabilities 526,884 1,015,371 4,742,939 1,371,148 16,356,960 Total liabilities 824,999,789 247,579,339 596,028,970 39,621,212 37,217,311.00 Interest rate gap $ (401,215,483) (158,004,856) (356,038,937) 1,023,016,705 6,047,018 1, OS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Consolidated Financial Statements ended March 31, 2022 n Barbados dollars) cial Risk Manag ment, continued t risk, continued st rate risk, continued mary of the Group’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 s esources $ 360,682,039 9,627,748 4,180,117 - 7,354,787 381,844,691 cial investments 440,084 482,949 14,531,007 12,359,699 4,138,502 31,952,241 and advances 40,157,602 68,425,478 236,749,360 951,966,141 32,841,537 1,330,140,118 assets - - - - 14,600,484 14,600,484 assets 401,279,725 78,536,175 255,460,484 964,325,840 58,935,310 1,758,537,534 ties its 774,974,849 234,255,741 569,626,322 37,253,104 161,504 1,616,271,520 payable - - - 1,317,476 - 1,317,476 ursable shares - - - - 14,702,164 14,702,164 liabilities 329,503 469,774 1,383,083 73,862 18,870,642 21,126,864 iabilities 775,304,352 234,725,515 571,009,405 38,644,442 33,734,310 1,653,418,024 st rate gap $ (374,024,627) (156,189,340) (315,548,921) 925,681,398 25,201,000 105,119,510 OS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Consolidated Financial Statements ended March 31, 2022 n Barbados dollars) 92 cial Risk Management, continued t risk, continued st rate risk mary of the Group’s interest rate gap position is as follows: 2022 Up to Within Within Over Non-interest 3 months 3-12 months 1-5 years 5 years bearing Total s esources $ 388,880,049 2,269,186 9,921,574 - 7,327,902 408,398,711 ial investments 872,035 15,038,2 4 10,473,968 1,750, 65 3,858,833 31,993,305 and advances 34,032,222 72,267,093 219,540,136 1,060,766,804 12,2 6,114 1,398,822,369 assets - - 54,355 20,848 9,861,480 20,036,683 assets 423,784,306 89,574,483 239,990,033 1,062,637,917 43,264,329 1,859,251,068 ties its 824,472,905 246,563,968 591,286,031 36,972,328 103,725 1,699,398,957 payable - - - 1,277,736 - 1,277,7 6 ursable shares - - - - 20,756,626 20,756,626 iabilities 526,884 1,015,371 4,742,939 1,371,148 16,356,960 24,013,302 iabilities 824,999,789 247,579,339 596,028,970 39,621,212 37,217,311.00 st rate gap $ (401,215,483) (158,004,856) (356,038,937) 1,023,016,705 6,047,018 1,745,446,621 113,804,447 ARBADOS PUBLIC WORKERS’ CO-OPERAT VE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2022 (Expressed in Barbados dollars) 92 25. Financial Risk Management, continued 25.4 Market risk, continued Interest rate risk A summary of the Group’s interest rate gap position is as follows: 2022 Up to Within Within Over Non-interest 3 months 3 12 months 1-5 years 5 years bearing Assets Ca h resources $ 388,880,049 ,269,186 9,921,574 - 7,327,902 4 Financial investments 72, 35 15,038,204 10,473,968 1,750,265 3,858,833 Loans and advances 34,03 ,222 72,267,093 2 9,54 ,136 ,060, 66,804 1 ,21 ,114 1,3 Other assets - - 5 ,355 120, 48 9,8 1,480 Total assets 423,784,306 8 ,574,483 239,990,033 1,062,637,917 43,264,329 1, Liabilities Deposits 824,472,905 246,56 ,968 5 1,286,031 36,9 ,328 103,725 1,6 Loan payable - - - 1,2 7,736 - Reimbursable shares - - - - 20,756,626 Other liabilities 526,884 1,015,371 4,742,939 1,371,148 16,3 ,960 Total liabilities 824,999,789 247,579,339 596,0 8,970 39,621,212 37,217,311.00 Interest rate gap $ (4 1,21 ,483) (158,004,856) (356,038,937) 1,023,016,705 6,047,018 1, BAR ADOS PUBLIC WORKERS’ CO-OPERATIVE CR DIT UNION LIMITED Notes to the C nsolidated Financial Statements For the year nded March 31, 2022 (Expresse in Barbados dollar ) 92 25. Fin cial Risk Ma agement, continued 25.4 Market risk, continued Interest rate risk A summary of the Group’s interest rate gap position is as follows: 2022 Up to Within Within Over Non-interest 3 months 3-12 months 1-5 years 5 years beari g Assets Cash resource $ 388,880,049 2,269,186 9,921,574 - 7,327,902 408,398 Fina cial investment 872,035 15,038,204 10,473,968 1,750,265 3,858,8 31,993 Loans and advances 34,032,222 72,267,093 219,540,136 1,060,766,8 4 12,216,114 1,398,822 Other assets - - 54,35 12 ,848 19,861,480 20,036 Total assets 423,78 ,306 89,574,483 239,990,033 1,062,637,917 43,264,329 1,859,25 Liabilities Deposits 824,472,905 246,563,9 8 591,286,031 36,972, 28 103,725 1,699,398 Loans payable - - - 1,277,736 - 1,277 Reimburs ble sh res - - - - 20,756,626 20,756 Other liabilities 526,884 1,015,371 4,742,939 1,371,148 16,356,960 24,013 Total liabilities 824,999,78 247,579,339 596,028,97 39,621,212 37,217,311.00 Interest rate gap $ (401,215,483) (158,004,856) (356,038,937) 1,023,016,705 6,047,018 1,745,44 113,80 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Note to the Consolid ted Financial Statements For the year ende March 31, 2022 Expressed in Ba bados doll rs) 92 25. Financi l Risk Man gement, conti ued 25.4 Market risk, conti ued Inter st rate isk A summary of the Group’s interest rate gap position is a f ll ws: 20 2 Up to With n With n Over Non-i terest 3 months 3-12 months 1-5 years 5 years bearing To Assets Ca h resourc s $ 388,880,049 2,269,186 9,921,574 - 7,327,902 408,398,7 Financial investments 872,035 15,038,204 10,473,968 1,750,265 3,858,833 31,993,3 Loa s and advances 34,032,222 72,267,093 219,540,136 1,0 0,766,804 12,216,114 1,398,822,3 Other asse s - - 54,355 120,84 19,861,480 20,036,6 Total ssets 423,784,306 89,574,483 239,990,033 1,062,637,917 43,264,329 1,859,25 ,0 Liabilities Deposit 824,472,905 246,563,968 591,286,031 36,972,328 103,725 1 699,398,9 Loans pay ble - - - 1,277,736 - 1,277,7 Reimbursable shares - - - - 20,756, 2 20,756, Other liabilit es 526,884 1,015,371 4,742,93 1,37 ,148 16,356,960 24,013,3 Total liabili ies 824,99 , 89 247,579,339 596,028, 70 39,621,21 37,217,311.00 Interest rate gap $ (401,215,483) (158,004,856) (356,038,937) 1,023,016,7 5 6,047,018 ,745,446,6 113,804,4 ARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED tes to he Consolidate Financial St tements r the year ended Ma ch 31, 20 2 xpressed in Barbados d llars) 92 . Financi l Risk Management, continued .4 Market risk, conti ued Inter st rate risk A summary of the Group’s interest rate gap position is as foll ws: 20 2 Up to Within Within Over Non-interest 3 months 3-12 months 1-5 years 5 years bearing Tota Asset Cash resources $ 388,880,049 2,269,186 9,921,574 - 7,327 9 2 408,398,711 Financial investments 872,035 15,038,204 10,473,968 1,750 265 3,85 3 31,993,305 Loans and dvan es 34,032 22 72,267,093 219,540,136 1,060 766,804 12,216 1 4 1,398 822,369 Other asset - - 54,3 5 120,84 19,861,480 20,036,683 Total asset 423,784,306 89,574,483 239,990 33 1,062 637,9 43,264 32 1,859 251,068 Liabil ties Deposit 824,472,905 246,563,9 8 591,286,0 1 36,972 328 103,725 1,699 398,957 Loans pay bl - - - 1,277 736 - 1,277 736 Reimbursable share - - - - 20,756 6 20,756 62 Other liabilit es 526,884 1,015 371 4,742 93 1,371 148 16,356 960 24,013 302 Total liabi ities 824,99 ,789 247,579,339 596,028,970 39,621,21 37 217,3 1.00 Interest rate gap $ (401,215 483) (158,004,856) (356,038,9 7) 1, 23 016,705 6,047, 8 1,745 446,621 113, 04,447 RBADOS PUBLIC WORKERS’ CO-OPERATIVE CRED T UNION LIMITED s to the Consolida ed Financial St teme ts he y ar nded March 31, 2022 ressed in Barbados dollars) 92 Financi l R sk Man gement, conti ued Market risk, conti ued Interest rat isk A summary of the Group’s interest ate gap po ition is s foll ws: 2022 Up to With n With n Over Non-interest 3 months 3-12 months 1-5 years 5 years bearing Total Asset Cash resourc $ 388,8 0 049 2 26 186 921 574 - 7,32 902 408 39 711 Financial investment 872,035 15 8 204 10,473 968 1 750 265 3 858 33 31 99 305 Loans and advances 34,0 2,22 7 267,093 219,540 36 1,060,7 6,804 12, 6 4 ,39 22 369 Other assets - - 54,3 5 20,848 19 61 480 20,036 683 Total asset 423,78 306 9 574 483 239 990 033 1,062 637 91 43 264,329 1,859 2 1 068 Liabil ties Deposits 824,472 905 246 563 9 8 91 286 031 3 972 328 103,725 1,699 3 8 957 Loans pay ble - - - 1,277 736 - 1,277 736 Reimbursable shares - - - - 20, 5 62 20 75 62 Other liabilit es 526,884 1 015 371 4 742 939 1 37 148 16 35 960 24,013 302 Total liabi ities 824,999 78 247 57 33 96 028 97 39 621 212 7,21 3 .00 Interest rate gap $ (401,215 483) (158 004 856) (356 038 937) , 23 16 705 047, 18 1, 45 4 6 621 113,804 447 BADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED o the Consolidated Financia St ements year ended March 31, 2022 ssed in Barbados doll rs) 92 Financial Risk Management, continu d Market ris , continued n er st ra e i k A summary of the Gr up’s interest ate gap position is as f llows: 202 Up to Within W thin Over Non-i ter st 3 months 3-12 months 1-5 years 5 years bearing Total Asset Cash esources $ 388,8 0 049 2,2 9 186 9,921 574 - 7,3 902 408,39 711 F nanci l investment 872,035 15, 38 204 10,473 968 1,7 0 265 3,858 3 1,993 305 oans and dvances 34,032 22 2,267 093 219,540 136 1,060 7 6 804 12,216 1 4 1,398 822 69 Other assets - - 4, 55 120,848 9, 61 80 20,0 6 683 Total asset 423,784 306 89,574 4 3 239,990 0 3 1,062 637 91 3, 64 329 1,859 2 1 068 Liabilities Deposit 8 4,472 905 246,563 9 8 591,286 03 36,972 328 103,725 1,699 3 8 957 oans payable - - - 1,277 736 - 1,277 736 Reim ursable hares - - - - 20,756 20,756 Other liabilit es 526,884 1,0 5 37 4,742 939 1,37 148 16,35 960 24, 13 302 Total liabi ities 824,9 9 78 247,579 33 596,028 970 39,6 1 212 37 2 3 1.00 nterest ate gap $ (401,215 83) (158,004 856) ( 56,038 9 7) 1,023 16 705 6,047 18 ,745 446 621 113,804 447 ADOS PUBLIC WORKERS’ CO-OPERATIVE CR DIT UNION L M TED he Consolidated Fina cial Statements ear ende M ch 31, 0 2 ed in Barbados dollars) 92 a ci l R sk Man gement, continued rket ris , continued erest rat risk ummary of the Group’s interest rate gap position a f llows: 0 2 Up to Within W i Over Non-i terest 3 months 3-12 months 1-5 years ars bearing Total et sh resourc $ 3 8,880,049 2,269,186 9,921,574 - 7,327,902 4 8,398,711 a c al investm nts 872,035 15,038,204 10, 73,968 1,750,2 5 3,85 ,833 1,993,3 5 ns and advances 34,032,222 72, 67,093 219,540,136 1,06 ,766,804 12,216,114 1,398,822,369 er as e s - - 54,355 120,848 19, 61,480 2 , 36,6 3 al asset 423,78 ,306 89,574,483 239,990,033 1,0 2 637 917 43,264,329 1,859 51 068 bil t es posits 824,472,905 46, 63, 68 591,286,031 36,972,328 103,7 5 1,699,398,957 ns payable - 1, 77,7 6 - 1,2 7, 36 mbursabl shares - 20,756,626 20,756, 6 er abilities 526,884 ,015,371 ,742,939 1,371,148 16,356,960 24, 13,302 al l abilities 824, 99,78 247,579,339 596,028,97 39,621,212 37, 7,311.00 rest rate gap $ (401,215,483) 158,004,856) 356,038,937) 1,023 16 705 6,047, 18 1, 5,446,621 113 804,447 DOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIM TED e Consolidated Financ al St tements ended M ch 31, 20 2 in Barbados doll rs) 92 nci l R sk Management, continued et ris , continued st ra ri k m ary of the Gr up’s inter st rate gap os tion is as f llows: 20 2 Up to Within Within Over Non-inter st 3 months 3-12 months 1-5 years 5 years bearing Total ts re ourc $ 3 8,880 49 2, 69 186 , 21 574 - 7,327 902 408,39 711 cial investm nt 872,035 15,03 204 10, 73 968 1,750 265 3,858 3 31,993 05 s and advances 34,032 22 72, 67,093 219,540,136 1, 60,766,804 12, 16,1 4 1,398 22 369 a sets - - 54,355 120,848 19, 61 480 20, 36 83 ssets 423,78 306 89,574 3 239, 90 33 1, 62,637 917 43,264 32 1,859,25 06 ties sits 824, 72,905 46, 63 968 591,286 03 36,97 328 103,725 1,699 398 957 s payable - - - 1,277 36 - 1,277 36 bursabl shares - - - - 20,756 6 20,756 6 liab lities 526,884 1,01 37 4,742 939 1,37 48 16,35 960 24, 13 02 liabilities 824,999 789 247,579 339 596,028 970 39,621 212 37 17 31 .00 st rate gap $ (401,215,483) (158,004,856) (356,038,937) 1,023,016,705 6,047 018 1, 45,446 621 13, 04 447 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2022 (Expressed in Barbados dollars) 25. Financial Risk Management, continued 25.4 Market risk, continued Interest rate risk, continued A summary of the Group’ 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 be ring Assets Cash resources $ 3 0,682,039 9,627,748 4,180,117 - 7,354,787 3 Financial investments 440,084 482,949 14,531,007 12,3 9,699 4,138,502 Loans and advances 40,157,602 68,425,478 23 ,749,360 951,966,141 32,841,537 1,3 Other assets - - - - 14,600, 84 Total assets 401,279,725 78,536,175 255,460,484 964,325,840 58,935,310 1, Liabilities Deposits 774,97 ,849 234,255,741 569,626,322 37,2 3,104 161,504 1,6 Loans payable - - - 1,317,476 - Reimbursable shares - - - - 14,702,164 Other liabilities 329,503 469,774 1, 3,083 73,862 18,870,642 Total liabilities 7 5,304,352 234,725,515 571,009,405 38,644,442 33,734,310 1, Interest rate gap $ (374,024,627) (1 6,189,340) (315,548,921) 9 5,681,398 25,201,000 1 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CR DIT UNION LIMITED Notes to the Consolidated Financial Statements For the year nded March 31, 2022 (Expr ssed in Barbados dollars) 25. Fin c al R sk Management, continued 25.4 Market risk, continu d Interest rate risk, continued A summary of the Group’s interes 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 Assets Cash resourc $ 360,682,039 9,627,748 4,180,117 - 7,354,787 381,844 Fina cial investment 440,0 482,949 14,531,007 12,359,699 4,138,502 31,952 Loan and advances 40,157,602 68,425,478 236,749,3 0 951,966,1 1 32,841,537 1,330,140 Other assets - - - - 14,600,484 14,600 Total assets 401,279,725 78,536,17 255,460,48 964,325,840 58,935,310 1,758,53 Liabilities Deposits 774,974,84 234,255,741 569,626,322 37,253, 04 161,504 1,616,271 Loans payable - - - 1,317,476 - 1,317 Reimbursable shares - - - - 14,702,164 14,702 Other liabilities 329,50 469,77 1,383,08 73,862 18,870,642 21,126 Total liabilities 775,304,352 34,725,515 71,009,405 38,644,442 33,734,3 0 1,653,41 Interest rate gap $ (374,024,627) (156,189,340) (315,548,921) 925,681,398 25,2 1,000 105,119 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2022 (Expressed in B bado doll rs) 25. F nanc al Risk Management, continued 25.4 Market r sk, continued Inter st rate risk, continued A summary of the Group’s inter st rate gap position is as f llows: 20 1 Up to Within Within Over Non-i ter st 3 months 3-12 months 1-5 years 5 years bearing To Assets Cash resources $ 360,682,039 9,627,748 4,180,117 - 7,354,787 381,844,6 Financial investme ts 440,084 482,949 14,53 ,007 12,359,699 4,138,502 31,952,2 Lo s and advances 40,157,602 68,425,478 236,749,360 951,966,141 32,841,537 ,330,140 1 Other asse s - - - - 14,600, 8 14,600,4 Total ssets 401,279,725 78,536,175 255,460, 84 964,32 , 40 58,935,310 1,758,537 5 Liabilities Deposit 774,974,849 234,255,741 569,626,322 37,253,104 6 ,504 1,616,27 5 Loans payable - - - 1,317,476 - 1,317,4 Reimbursable shares - - - - 14,702,16 14,702,1 Other liabilit s 329,503 469,774 1,38 ,083 73, 62 18,870,642 21,126,8 Total liabili ies 775,304,352 234,725, 15 571,009,405 38,644,442 33,734, 10 1,653,418 0 Inter st rate gap $ (374,024, 27) (156,189,340) (315,548,921) 925,681,398 25,201,000 105,119,5 ARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED tes to the Consolidated Fina cial St tements r the year ende M ch 31, 20 2 xpr ssed in Barbad d llars) . Financi l R sk Management, continued .4 Market r sk, conti ued Interest rate risk, conti ued A summary of the Group’s interest rate gap position is as foll ws: 20 1 Up to With n With n Over Non-i terest 3 months 3-12 months 1-5 years 5 years bearing Tota Asset Cash resource $ 360,682 039 9,627 748 4,180 17 - 7,354 7 381,844 691 Fina cial investments 440,084 482,94 14,531 007 12,359 69 4,138 502 31,952 241 Loans and dvances 40,157 602 68,425 78 236,749 360 951,966 14 32,841 5 7 1,330 14 8 Other asset - - - - 14,600 48 14,600 48 Total sset 401,279 725 78, 36 175 255,460 8 964,325 840 58,935 310 1,758 537 4 Liabil t es Deposit 774,97 849 234,255 741 569,626 3 2 37,253 104 161,504 1,616 271 520 Loans pay ble - - - 1,317 476 - 1,317 476 Reimbursable share - - - - 14,702 164 14,702 164 Other liabilities 329,503 469,774 1,38 0 73,862 18,870 642 21,126 864 Total liabi t es 775,304 52 234,725 1 571,009 4 5 38,644 4 2 33,734 310 1,653 418 024 Interest rate gap $ (374,024 6 7) (156,189 40) (315,548 21) 925,681 398 25,201 0 105,119 5 0 RBADOS PUBLIC WORKERS’ CO-OPERATIVE CRED T UNION LIMITED s to the Consolidated Financial Stateme ts he y ar nded March 31, 2022 ressed in Barbados dollars) Financ al R sk Managem nt, continued Market isk, continued Interest at isk, continued A summary of the Group’ interest rate gap po ition s foll ws: 20 1 Up to Within With n Over Non-i terest 3 months 3-12 months 1-5 years 5 years bearing Total Asset Cash resourc $ 360,682,039 9 627,748 4 180, 17 - 7,354,787 81 844,691 Fina cial investm nt 440,08 4 2,949 14 531,007 12 359,69 4 138,502 1 95 ,241 Loans and advances 4 ,157,602 68 425, 78 2 749,360 951 9 6,141 32 8 ,537 1 330 14 , 18 Other assets - - - - 14,600,484 14 600,484 Total sset 401,279,725 8 536,17 255 460, 8 9 325,840 58 935,310 1,7 8,53 , 4 Liabil ties Deposit 77 ,97 ,84 23 255,741 569 626,3 2 37 253,104 61,504 1,616 271,520 Loans pay ble - - - 1,317,476 - 1,317,476 Reimburs ble shares - - - - 4,702,164 4 702,164 Other liabilities 329,50 469,77 1 383,0 7 ,862 18 70,642 21 1 6,864 Total liabi ties 77 ,304, 52 23 725,51 571 009,4 5 38 644,4 2 3 734,310 ,653,418,02 Interest rate gap $ (374,02 ,6 7) (156 189,340) (315 5 8,921) 925 681,398 25 201,0 0 1 5 119,5 0 BADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED o the Consolidate F nancia St ements year nded March 31, 2022 ssed in Barbados doll rs) F nancial R sk Management, continued M rket r sk, continued nter st rat ri k, continued A summary of the Group’s interest ate gap position is as f llows: 20 1 Up to Within Within Over Non-interest 3 months 3-12 months 1-5 years 5 years bearing Total Asset Cash resources $ 360,682 039 9,627 748 4,180 17 - 7,354 787 381,844 691 F nanci l investment 440,08 482,949 14,531 007 12,359 69 4,138 502 31,952 241 oans and dvances 40,157 602 68,425 78 236,749 360 951, 66 141 32,841 537 1,330 14 18 Other assets - - - - 14,600 484 14,600 484 Total asset 401,279 725 78,536 17 255,460 8 964,325 840 58,935 310 1,758 3 4 Liabil ties Deposit 774,9 84 234, 55 741 569,626 3 2 37,253 104 161,504 1,616 271 520 oans payable - - - 1,317 476 - 1,317 476 Reimbursable shares - - - - 14,702 164 14,702 164 Other liabilit es 329,50 469,77 1,38 0 73,862 18,870 642 21,1 6 864 Total liabi ies 775,304 52 34,725 51 71,009 4 5 38,644 4 2 33,7 4 310 1,653 18 2 nter st ate gap $ (374,02 ,6 7) (156, 89,340) (315,548,921) 925,681 398 25,201 0 0 105, 19 5 0 ADOS PUBLIC WORKERS’ CO-OPERATIVE CR DIT UNION LIMITED he Consolidated Financial St tements ear nde M ch 31, 2022 ed in Barbados dollars) anci l Risk Management, continued rket ris , continued erest rat risk, conti ued ummary of the Group’s interest rate gap position is a foll ws: 0 1 Up to Within Over Non-i terest 3 months 3-12 s 1-5 year bearing Total set sh resourc s $ 3 0,682 039 627 748 4 180 117 - 7,354 87 3 1 84 691 anc al investment 440,08 82 49 14,531 007 2 359 699 4 138 502 31 952 241 ns and dvances 40,157 602 68 425 478 236 749 360 51 966 41 32 841 537 3 0 140 118 er asse s - 14,600 84 60 al sset 401,279 725 78 36 17 255 460 8 964 325 840 58 93 31 1,7 8 5 4 bil t es posit 774,9 84 23 255 7 1 69 26 322 37 53 104 6 5 61 27 20 ns p y ble - ,317 476 - ,317 476 mbursable shares - 14,702 164 70 er liabili ies 329,50 46 77 1, 8 08 7 862 18,870 64 21 126 864 al liabi t es 775,304 52 34 725 15 71 009 40 38 644 42 3 73 310 1,653 418 02 rest rate gap $ (374,024 6 7) 156 189 340 315 548 921 92 681 398 2 20 00 0 119 51 DOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED e Consolidated Financ al Stateme ts r nded M rch 31, 2022 in Barbados doll rs) ncial Risk Man gement, continued et sk, continued st rat risk, continued m ary of the Group’s interest rate gap osition is as f ll ws: 2021 p to With n Within ver Non-i ter st 3 months 3-12 months 1-5 years 5 years bearing Total t re ourc $ 360,682 039 9,627 748 4,180 17 - 7,354 787 381,844 691 ci l investm nt 440,08 82,949 14,531 007 12,359 69 4,138 502 1,952 241 s nd dvances 40,157 602 68,425 78 236,749 360 51,9 6 141 32,841 537 1,330 14 18 assets - - - - 14,600 484 14,600 484 ssets 401,279 725 78, 36 17 255,460 8 964,325 840 58,935 310 ,758,53 34 ties sit 74,9 84 234,255 741 69,626 3 2 37, 53 104 161,504 ,616 271 520 s payable - - - 1,317 476 - 1,317 476 bursable shares - - - - 14,702 164 14,702 164 liabilit es 329,50 469,77 1,383 0 7 ,862 18, 70 642 21,126 864 liabi ties 75,304 52 34,725 515 71,009 4 38,644 4 2 33,734 310 ,653,418 02 st rate gap $ (374,024,6 7) (156,189,340) (315,5 8,921) 925,681 398 25,201 0 0 05,119 5 0

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