108 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2023 (expressed in Barbados dollars) 80 23 Financial risk management …continued Liquidity risk and funding management …continued Analysis of financial liabilities by remaining contractual maturities The table below summarises the maturity profile of the undiscounted cash flows (including estimated interest payments) of the Credit Union’s financial liabilities as of March 31, 2023 and March 31, 2022 on the basis of their earliest possible contractual maturity. Liquidity risk - Financial liabilities 2023 Within 3 months $ Within 3-12 months $ Within 1-5 years $ Over 5 years $ Total $ Deposits 799,742,597 142,056,538 558,950,193 64,663,625 1,565,412,953 Reimbursable shares – – 22,725,836 – 22,725,836 Other liabilities 251,788 9,756,874 1,442,305 139,545 11,590,512 799,994,385 151,813,412 583,118,334 64,803,170 1,599,729,301 2022 Within 3 months $ Within 3-12 months $ Within 1-5 years $ Over 5 years $ Total $ Deposits 753,165,831 131,323,722 567,852,513 66,086,919 1,518,428,985 Reimbursable shares – – 20,756,626 – 20,756,626 Other liabilities 276,912 10,656,046 2,282,566 2,030,732 15,246,256 753,442,743 141,979,768 590,891,705 68,117,651 1,554,431,867 Market risk Market risk is the risk that the fair value or future cash flows of financial instruments will fluctuate due to changes in market variables such as interest rates, foreign exchange rates and equity prices. The Credit Union is mainly exposed to interest rate risk. The Credit Union’s exposure to currency risk is minimal since it does not have any significant foreign currency denominated assets.
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