119 CONSOLIDATED FINANCIAL STATEMENTS 2023 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Consolidated Financial Statements March 31, 2023 (expressed in Barbados dollars) 25 Financial Risk Management …continued 25.4 Interest rate risk A summary of the Group’s interest rate gap position is as follows: 2023 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interes bearin Assets Cash resources 360,744,428 1,423,272 18,587,011 – 12,002,42 Financial investments 2,356,241 9,432,432 12,700,719 11,487,555 4,078,54 Loans and advances 41,606,406 34,222,385 260,347,773 1,077,880,610 11,283,52 Other assets 3,797 7,743 67,427 93,066 22,115,23 Total assets 404,710,872 45,085,832 291,702,930 1,089,461,231 49,479,73 Liabilities Deposits 842,508,421 240,954,764 591,967,737 36,751,664 Loans payable – – – 1,232,484 Reimbursable shares – – – – 22,725,83 Other liabilities 854,916 1,058,134 4,043,440 1,359,869 13,479,39 Total liabilities 843,363,337 242,012,898 596,011,177 39,344,017 36,205,22 Interest rate gap (438,652,465) (196,927,066) (304,308,247) 1,050,117,214 13,274,50 Public Workers’ Co-operative Credit Union Limited onsolidated Financial Statements 3 rbados dollars) 87 Risk Management …continued e risk of the Group’s interest rate gap position s as follows: 2023 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Total $ ces 360,744,428 1,423,272 18,587,011 – 12,002,420 392,757,131 vestments 2,356,241 9,432,432 12,700,719 11,487,555 4,078,547 40,055,494 dvances 41,606,406 34,222,385 260,347,773 1,077,880,610 11,283,525 1,425,340,699 3,797 7,743 67,427 93,066 22,115,239 22,287,272 s 404,710,872 45,085,832 291,702,930 1,089,461,231 49,479,731 1,880,440,596 842,508,421 240,954,764 591,967,737 36,751,664 – 1,712,182,586 ble – – – 1,232,484 – 1,232,484 le shares – – – – 22,725,836 22,725,836 ties 854,916 1,058,134 4,043,440 1,359,869 13,479,392 20,795,751 ities 843,363,337 242,012,898 596,011,177 39,344,017 36,205,228 1,756,936,657 gap (438,652,465) (196,927,06 ) (304,308,247) 1,050,117,214 13,274,503 123,503,939 ados Public Workers’ Co-operativ Credit Union Limited o the Consolidated Financial Statements 31, 2023 d in Barbados dollars) ancial Risk Managemen …continu d rest rate risk mmary of the Group’s interest rate gap position is as follow : 2023 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-inter st bearing $ To ets h resources 360,744,428 1, 23, 72 8,587,011 – 1 ,002,420 392,757,1 ncial investments 2,356,241 9,432, 32 12,700,719 11,487,555 ,0 8, 47 0,05 ,4 ns a d advances 1,606,406 4,222,385 260,347,773 1,077,880,610 11,283,525 1,425,340,6 er assets 3,797 7,743 67, 27 93,066 2,115,239 22,287,2 al assets 404,710,872 45,085,83 2 1,702,93 1,089,461,231 49,479,731 1,880,440,5 bilities osits 8 ,508,421 240,954,764 591,967,737 3 ,751,664 – 1,712,182,5 ns payable – – – 1,232,484 – 1,232,4 mbursable shares – – – – 22,725,836 22,725,8 er liabilities 854,916 1,058, 34 ,043,4 0 1,359,869 13,479,3 2 20,795,7 al liabilities 84 ,363,337 242,012,898 596,011,177 39,344,017 36,205,228 1,756,936,6 rest rate gap (438,652,465) (19 ,927,066) (30 ,308,247) ,050,117,214 13,2 4,503 12 ,503,9 os Public Workers’ C -operative Credit Union Limited e Consolidated Financial Stat ments 2023 Barba os dollars) 8 ial Risk Managem nt …continued ra e risk mary of the Group’s inte est rate gap posit on s as follows: 2023 Up to 3 months $ Within 3 - 12 months $ With n 1 - 5 years $ Over 5 years $ Non-interest bearing $ Total $ sources 360,744,428 1,423,272 18,587,011 – 12,002,420 392,757,131 al investments 2,356,241 9, 32,432 12, 00,719 11,48 ,555 4,078,547 40,055,49 nd adv nces 41,606,406 34,222,385 260,347,773 1,077,880,610 11,283,525 1,425,340,699 set 3,797 7,743 67,427 93,066 22,115,239 22, 87,272 set 404,710,872 45,085,832 291,702,930 1,089,461,231 49,479,731 1,880,440,596 ies s 842,508,421 240,954,764 591,967,737 36,751,664 – 1,712,182,586 ayable – – – 1,232,484 – 1,232,484 rsable shares – – – – 22,725,836 2 ,725,836 abilities 854,916 1,05 ,134 4,043,440 1,359,869 13,479,392 20, 95,751 bilities 843, 63,337 242,012,898 596,011,177 39,344,017 36, 05,228 1,756,936,657 rate gap (438,652,465) (196,927,066) (304,308,247) 1,050,117,214 13,274,503 123,503,939 Public Workers’ Co-operative Credit Union Limited Consolidated Fina cial Statements 3 arbados dollars) 87 Risk Man gement …continued ate risk y of the Group’s interest rate gap position is as follows: 2023 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Total $ rc 360,744,428 1,423,2 2 18,587,0 1 – 12,002,4 392,757 131 nvestment 2,356,241 9,432,4 2 12,700,719 11,487, 5 4,078,5 7 40,055 494 a vances 41,606,40 34,222,385 260,347, 73 1,077,880,610 11,283,525 1,425,340 699 3,797 7,743 67,427 93,0 22,115,23 22, 87 2 t 404,710,872 45,085,832 291,702,930 1,089,461,231 49, 79,731 1,880,4 0 596 842,508,421 240,95 ,764 591, 67,737 36,7 1, 64 – 1,7 2, 82,586 able – – – 1,232,484 – 1,232,484 ble shares – – – – 22,725,836 22,7 5 836 lit es 854,916 1,058,134 4,043, 40 1,359,869 13,479,392 20,795 7 1 lit es 843,363, 7 242,012,898 596,011,1 7 39, 44,017 36,205, 28 1,756,9 657 e gap (438,652,465) (196, 27,0 6) (304,308,247) 1,050, 17,214 13,274,503 123,50 9 9 Public Workers’ Co-operativ Credit Un on L mited nsolidated Financi l Sta ements bados dollars) 87 Risk Management …cont nued isk of the Gr up’s interest rate g p position is as follows: 2023 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-inter s bearing $ Total $ es 360,74 , 28 1,423,272 18,587,0 1 – 12,0 ,420 392,757,131 estmen s 2,356,241 9,432,432 12,70 ,7 9 11,487,555 4,078,547 40, 5 ,494 dvances 41,606,40 34,2 ,385 260,347,773 1,077,8 0 10 11,283,525 1,425,340 699 3,797 7, 43 67,42 93,06 22,1 5,239 2 , 87,27 404,710,872 45,08 ,832 91,702,930 1,089,46 231 49,479,731 1,880,4 596 842,508,421 40,954,764 591,967,737 36,751,664 – 1,712,18 586 le – – – 1,232,484 – 1,232,484 e shares – – – – 22,725,836 2 ,725,836 ies 854,916 1,058,134 4,043,4 0 1,359,869 13,479,392 20,795,751 ies 843, 6 , 37 242,01 ,898 596,01 ,177 39,34 ,017 36,205,228 1,756,93 7 g p (438,652,465) (196,927,06 ) (304,308,247) 1,050,1 7 214 13,274, 123,50 ,939 blic Wo ke s’ Co-operative Credit Union Lim ted olidated Financial St tements os dollars) 87 k Managem nt …continued k he Group’s interes ra e gap position is as follow : 2023 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Total $ 360,744,428 1,423,27 18,587,011 – 12,00 ,42 392,757,13 me ts 2,356,241 9,432, 12,700, 19 11,487,555 4,078,54 40,055,494 ces 41,606,4 3 ,222,385 6 ,347,773 1,077,880 61 11,283,5 5 1 425,3 0 699 3,797 7,743 67,42 93,066 2 ,115,239 22,287, 7 404,71 ,8 2 45,085,832 291,702,93 1,0 9,461 23 49,479,731 1 880,440 596 842,508,421 240,95 ,76 591,967,73 3 , 51,664 – 1 7 2,182 5 6 – – – 1,232,484 – 1,232,484 ar s – – – – 22,725,836 22,725,836 854,916 1,058,134 4,043,4 0 1,359,86 13,479,392 20,795, 5 843,36 , 7 242,012,898 596,011,177 3 ,344,017 36,205, 8 1 756,936 657 (438,652, ) (196,927,066) (304, 08,247) 1,050,117 2 4 13,274,503 123,50 ,939 ic Workers’ Co-operative Credit Union L mited dat d Financial Statements dollars) 87 M nageme t …co inued Group’s inter st rate gap p si ion is as follows: 20 3 Up to 3 months $ With n 3 - 12 months $ With n 1 - 5 years $ Over 5 years $ Non-interest bearing $ Total $ 360,744, 28 1,423, 72 18 5 7,011 – 12 002,4 0 39 ,75 ,131 nt 2,356, 41 9,432,432 12 700,719 1 487,555 4 078,5 7 0,055, 94 s 41,606, 06 34,22 , 85 260 347,7 3 1 0 880 610 1 283,525 1 4 ,340 699 3,79 7,743 67,427 93,066 22 115, 39 22, 87, 2 40 ,710,872 45,085, 32 91 702, 30 1 89 461 231 49 79, 31 1 880,440 596 842,508, 1 2 0,954,764 591 67,737 36 751,6 4 – 1,7 2, 82 586 – – – 1,23 ,484 – 1,23 ,484 s – – – – 22,7 5,836 22,7 5,836 854,916 ,058,134 4 0 3, 0 1 359,869 13 479,3 2 20,795,7 1 843,36 ,3 7 242,012,898 596 011, 77 39 44,017 36 205,228 1 756,936 657 (438,652,465) (19 , 27,0 6) (3 4 308,2 7) 1 050 1 7 214 13 274,503 12 ,503,9 9
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