110 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) 23 Financial risk management …continued Market risk …continued Interest rate risk …continued 2022 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-intere bearin Cash resources 381,618,833 14,001,846 24,377,478 – Financial investments Debt securities - amortised cost – 14,226,169 9,463,637 – Loans and advances 29,712,489 59,446,640 189,271,838 836,548,620 Due from related companies 283,732 760,965 4,701,326 2,956,354 17,338,57 Other assets – – – – 13,599,42 Total assets 411,615,054 88,435,620 227,814,279 839,504,974 30,937,99 Deposits 749,953,484 127,280,518 539,342,341 36,569,722 Reimbursable shares – – – – 20,756,62 Other liabilities 244,874 640,186 2,071,431 12,245 11,932,15 Total liabilities 750,198,358 127,920,704 541,413,772 36,581,967 32,688,77 Interest rate gap (338,583,304) (39,485,084) (313,599,493) 802,923,007 (1,750,78 Public Workers’ Co-operative Credit Union Limited eparate Financial Statements 3 rbados dollars) 83 risk management …continued k …continued e risk …continued 2022 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Total $ ces 381,618,833 14,001,846 24,377,478 – – 419,998,157 vestments urities - amortised cos – 14,226,169 9,463,637 – – 23,689,806 dvances 29,712,489 59,446,640 189,271,838 836,548,620 – 1,114,979,587 lated companies 283,732 760,965 4,701,326 2,956,354 17,338,575 26,040,952 – – – – 13,599,421 13,599,421 s 411,615,054 88,435,620 227,814,279 839,504,974 30,937,996 1,598,307,923 749,953,484 127,280,518 539,342,341 36,569,722 – 1,453,146,065 le shares – – – – 20,756,626 20,756,626 ties 244,874 640,186 2,071,431 12,245 11,932,153 14,900,889 ities 750,198,358 127,920,704 541,413,772 36,581,967 32,688,779 1,488,803,580 gap (338,583,304) (39,485,084) (313,599,493) 802,923,007 (1,750,783) 109,504,343 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2023 (expressed in Barbados dollars) 23 Financial risk management …continued Market risk …continued Interest rate risk …continued 2022 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-inter st bearing $ Cash resources 381,618,833 14,001,846 24,377,478 – – Financial investment Debt securities - amortised cost – 14,226,169 9,463,637 – – Loans and advances 29,712,489 59,446,640 189,271,838 836,548,620 – Due from related companies 283,732 760,965 4,701,326 2,956,354 17,338,575 Other assets – – – – 13,599,421 Total assets 411,615,054 88,435,620 227,814,279 839,504,974 30,937,996 Deposits 749,953,484 127,280,518 539,342,341 36,569,722 – Reimbursable shares – – – – 20,756,626 Other liabilities 244,874 640,186 2,071,431 12,245 11,932,153 Total liabilities 750,198,358 127,920,704 541,413,772 36,581,967 32,688,779 Interest rate gap (338,583,304) (39,485,084) (313,599,493) 802,923,007 (1,750,783) Barbados Public Wo kers’ o-operat ve Credit Union Lim ted Notes to the Separate Financial Statements March 31, 2023 (expres ed in Barbados llars) 23 Financial risk management …continued Market risk …continued Inter st rate risk …continued 202 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Cash resources 381,618,833 14,001,846 24,377 4 8 – – Financi l inv tments Debt securities - amortised cost – 14,226,169 9,463 637 – – Loans nd dvances 29,712,489 59 44 640 18 271 8 8 836,548 620 Due from related companies 283 732 760 9 5 4 70 326 2 956 354 17,338,575 Other assets – – – – 3 599 421 Total asset 411,6 5,054 88,435,620 227,814,279 839,504,97 30,9 7,996 Deposits 749,953,484 127,280,518 539,342, 1 36,569 722 – Reimbursable shares – – – – 20,756, 26 Other liabilitie 244,874 640,186 2,071,431 12,245 11 932 153 Total li bilities 750,198,35 127,9 0,704 541,413,772 36,581,967 32,688,779 Interest ate gap (338,583,304) (39,485,0 4) (313,599,4 3) 802,923,007 (1,750,783) ados Public Workers’ Co-operative Credit Union Limited the Separate Financial Stateme ts 1, 2023 d in Barbados dollars) ncial risk management …continued ket risk …continued est rate risk …continued 2022 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ To resources 381,618,833 14,001,846 24,377,478 – – 419,998,1 nc al investments ebt securities - amortised cost – 14,226,169 9,463,637 – – 23,689,8 s and advances 29,712,489 59,446,640 189,271,838 836,548,620 – 1,114,9 9,5 from related compani s 283,732 760,965 4,701,326 2,956,354 17,338,575 26,040,9 r assets – – – – 13,599,421 13,599,4 l assets 411,615,054 88,435,620 227,814,279 839,504,974 30,937,996 1,598,307,9 osits 749,953,484 127,280,518 539,342,341 36,569,722 – 1,453,146,0 mbursable shares – – – – 20,756,626 20,7 6,6 r liabilities 244,874 640,186 2,071,431 12,245 11,932,153 14,900,8 l liabilities 750,198,358 127,920,704 541,413,772 36,581,967 32,688,779 1,488,803,5 est rate gap (338,583,304) (39,485,084) (313,599,493) 802,923,007 (1,750,783) 109,504,3 bados Public Workers’ Co-op ative Credit Union L m ted to the Separate Financi l S atements 31, 2023 sed in Barb dos dollars) nancial risk anagement …co tinued arket risk …continu d e est rate risk …con inued 2022 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 y ars $ Non-interest bearing $ T sh resources 381,618,833 14,001,846 24,377,478 – – 419,998 nancial investme t Debt securities - amortised cost – 14,226,169 9,463,637 – – 23,689 ans and advances 29,712,489 59,446,640 189,271,838 836,548,620 – 1,114, 79 ue from related companies 283,732 760,965 4,701,326 2,956,354 17,338,575 26,040 her assets – – – – 13,599,421 13,59 tal assets 411,615,054 88,435,620 227,814,279 839,504,974 30,937,996 1,598,307 posits 749,953,484 127,280,518 539,342,341 36,569,722 – 1,453,146 imbursable shar s – – – – 20,756,626 20,756 her liabilities 244,874 6 0,186 2,071,431 2,245 11,932,1 3 14,900 al liabilities 750,198,358 127,920,704 541,413,772 6,581,967 32, 88,779 1,488,803 erest rate gap (338,583,304) ( 9,485,084) (313,599,493) 802, 23,007 (1,750,783) 09,504 bados Public Workers’ Co-op rative C edit Union Lim ted to the Sep rate Financi l Statements 31, 2023 sed in Barbados dollars) nancial risk management …co tinued arket risk …co tinued rest rate risk …con inued 2022 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-int rest bearing $ T sh resource 381,61 ,833 14,001,846 24,377,478 – – 419,998 nancial investments Debt securities - amortised cost – 14 22 169 463 6 7 – 23 68 ans and advances 29,712 489 59,446 640 189 27 838 836 548 620 – 1,114 79 ue from related compani s 283,732 760,965 4,701,326 2,956,354 7 338 575 26 40 her assets – – – – 13,599,421 13,599 t l assets 411,615,054 88,435,620 227,814,279 839,504,974 30,937,996 1,598,307 po its 749,953,484 127,280,518 539,342,341 36,569,722 – 1,453 14 imbursable s a es – – – – 20 756 626 20 756 her liabilities 244,874 6 0,186 2,071,431 2,245 11,932,153 14,900 tal liabilities 750,198,358 127,920,704 541,413,772 6,581,967 32, 88,779 1,488,803 erest rate gap (338,58 ,304) ( 9,485,084) ( 13,599,493) 802, 23,007 (1,750,783) 109,504 dos Public Workers’ Co-operative Credit Union Limited he Sepa ate F nancial S atements 1, 2023 in Barb do dollars) ncial risk man gement …continued et risk …continued st rate risk …continu d 20 2 Up to 3 months $ With n 3 - 12 months $ W th n 1 - 5 years $ Over 5 years $ Non-i terest b aring $ Tot resources 381,6 8,833 14,00 ,846 24,377,4 8 – – 419,9 8,15 cial nvestments bt s curitie - amort ed cost – 14,226,1 9 9,463, 7 – – 23,689, 0 s and a vances 29,712,489 59,4 6,640 189,271,838 836,548,620 – 1,114,979,58 rom related companies 83,732 760,9 5 4,701,326 2,956,354 17,338,57 26 0 0 95 assets – – – – 13,599,421 13 599 2 sset 411,6 5,0 4 88,435,620 227,814,279 839,504,974 30,937,9 6 1,598 30 2 sits 749,953,484 127, 80,518 539, 42,341 36,5 9,722 – 1,453,146,0 bursable shares – – – – 20,756,626 20 75 62 liab liti s 244,874 640,1 6 2, 71,431 12,2 5 11,932,153 14 9 0 88 l abilit es 750,198,358 127,920,7 4 541, 3,7 2 36,58 ,967 32,68 ,779 1,488 03 58 st ra e gap (338,5 3,304) ( 9,485,084) (31 ,599,493) 802,9 3,007 (1,750,783) 109 504 3 dos Public Workers’ Co-operative Credit Union Limited he Separate Fina cial S atements 1, 20 3 in Barb do dol ars) ncial risk man gement …continued et risk …continued est rate risk …continu d 20 Up to 3 months $ Withi 3 - 12 months $ W thin 1 - 5 years $ Over 5 years $ Non-i terest b ring $ Tot resourc 381,6 8,833 14,001,846 24,377,4 8 – – 419,9 8,15 cial nvestments bt se urities - amortised cost – 14 22 169 463 6 7 – 23 68 80 s nd a vances 29,71 489 59,446 640 189 27 838 836 548 620 – 1,1 4 979 58 rom related companie 283,7 2 760,965 4,701,326 2,956,354 7 3 8 575 26 040 95 as ets – – – – 13,599,421 13,599,42 as et 411,6 5,0 4 88,435,620 227,814,279 839,504,974 3 ,93 ,996 1,598,307,92 sits 749,953,484 127, 80,518 539, 42,341 6,5 9,722 – 1,453 14 06 bu sable hares – – – – 20 756 6 6 20 756 62 liab lities 244,874 640,186 2, 71,431 12,245 1 ,932,153 14,900,88 liabilit es 750,198,358 127,920,7 4 541, 3,772 36,581,967 32,688,779 1,4 , 03,58 st ra e gap (338,5 3,304) (39,485,084) (313,599,493) 802,9 3,007 (1,75 ,783) 109,504,3 s Public Workers’ Co-operative Credit Union Limited Separ Financ al Statements 023 Barb dos dollars) 83 al risk m nagem nt …conti ued risk …continued rat risk …continued 02 Up to 3 months $ W thin 3 - 12 months $ W thin 1 - 5 years $ Over 5 years $ Non-interest bearing $ Tot l $ ourc 38 ,618,833 14,00 ,846 24,37 ,478 – – 41 ,998,157 i vestments securities - amortised co t – 14,22 ,169 9,4 ,637 – – 23,6 9,80 advances 29,712,489 59,446 640 189,271 838 836,54 ,620 – 1,114,979 587 m related companies 283 32 760 965 4,701 326 2,95 354 17,338,575 26 040, 52 ts – – – – 13,599 421 1 ,599,421 et 41 ,61 ,054 88,435,620 227,814,279 839,504,974 30,937,996 1,598,307,92 749,953,484 1 7,280,518 5 9,342,341 3 ,569,722 – 1,453, 4 ,065 sable shares – – – – 20,756,626 20 7 6,626 ilities 244,874 640,186 2,071,431 12,245 11,932 153 14,90 ,889 b lit es 750,198,358 127,92 ,704 5 ,413,772 36,58 ,967 32,688,779 1,4 8,803,580 a e gap (338,58 ,304) (39,485,084) (313,59 ,493) 80 ,923,007 (1,750,783) 109,50 ,343 s Publ c Workers’ Co-operative Credit Union Limited Separa Financ al Statem nts 023 Barb dos llars) 83 al risk managem nt …conti ued risk …continued rat risk …continued 202 Up to 3 months $ Withi 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Total ourc 381,618 833 14,001 846 24,377 478 – – 419,998 157 investments ecurities - amortised co t – 1 22 169 463 6 7 – 23 68 806 d dvanc s 9,712 489 59,44 640 189 27 838 836 548 620 – 1,11 979 587 m related companies 283,7 2 760,965 4,701 326 2,956 354 7 338 575 26 0 0 952 et – – – – 13,599 421 1 ,599 421 set 411,615 054 88,435 620 227,814 279 839,504 974 30,937 96 1,598 307 923 749,953 484 127,280 518 539,342 41 36,569 722 – 1,453 4 65 sable hares – – – – 20 756 626 2 756 626 bi ities 244,874 640,186 2,071 431 12,245 11,932 153 14,900 889 b lit es 750,198 358 127,920 704 541,413 772 36,581 967 32,688 779 1,488 803 580 a e gap (338,583 304) (39,485 084) (313,599 493) 802,923 007 (1,750, 83) 109,5 4 343 Public Workers’ Co-operative Cr dit Union Lim ted parate Fin ncial Stat ments bados llar ) 83 sk management …conti ued …cont nued risk …continued 202 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ To l $ es 381,618, 3 14,0 1,8 6 24,37 ,478 – – 419,9 8, 57 estments rities - amor sed cost – 14,2 6, 69 9,463,637 – – 23,689,806 vance 29,712,489 59,4 6,640 189,271,838 36,548,620 – 1,114,979,587 ated companies 283, 32 760,965 4,701,326 2,956, 54 17,3 8,5 5 26,040,952 – – – – 13,59 ,421 13,59 ,421 411,615,054 88,435,620 227,814, 9 839,504,974 30,937,9 6 1,598,307, 23 749,953, 84 127,280,518 539,342, 41 36,569,72 – 1,453,146,065 e shares – – – – 20,756,626 20,756,626 es 24 ,874 640,186 2,071,431 12,245 11,932,153 14,90 ,8 9 ies 750,198,358 127,920,704 541,413,7 2 36,581,9 7 32,68 ,7 9 1,48 ,803,5 0 gap (3 8,583, 04) (39,485,084) (313,59 ,493) 802,923, 7 (1,750,783) 109,504,343 Public Workers’ Co-operative Credit Union Lim ted parate Financial Statements ba os llar ) 83 sk manageme t …co i ued …cont nued risk …continued 202 Up 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Tot l $ es 381,618 33 14,001 8 6 24,377 4 8 – – 419,998 57 estme ts rities - amort ed cost – 14 22 169 463 6 7 – 23 68 806 va ces 29,712 489 59,446 640 189 2 8 8 36 548 620 – 1,114 979 587 ated companies 283,732 760,9 5 4,701 326 2,956 3 4 7 338 575 26 040 952 – – – – 13,599 421 13,599,421 411,6 5 054 88,435 620 227,814 9 839,504 97 30,9 7 996 1,598,307, 23 749,953 84 127,280 518 539,342 1 36,569 722 – 1,453 14 065 e shares – – – – 20 756 626 20 756 626 es 244,87 640,186 2,071 43 12,245 11,932 53 14,900,889 ies 750,198 35 127,9 0 704 541,413 772 36,581 9 7 32,688 779 1,488,803,5 0 gap (338,583 04) (39,485,0 4) (313,599 4 3) 802,923 07 (1,750 783) 109,5 4,343 blic Worke s’ Co-operative Credit Un on Lim ted ate Financial Statements dollars) 83 ma agement …continued ontinued …continued 202 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Total $ 381,618 83 4,001 846 24, 77 4 8 – – 419,998 157 ents - mortised c st – 14,226 169 9,463 637 – – 23,689 806 c s 29,712 489 59,446 640 89,271 838 836,548 620 – 1,114 979 587 companies 283 3 760 965 4,701 326 2,9 354 7,338 575 26 040 52 – – – – 13,599 421 13, 99 421 411,6 5 05 88, 35 620 227,814 279 839,5 4 97 30,9 7 96 1,598 307 923 749,953 484 127,2 0 518 9,3 2 1 36,569 722 – 1,453 146 065 res – – – – 20,756 62 20 7 6 626 244,874 640,186 2,071 431 12,245 11,932 1 3 14,90 889 750,198 35 27,9 0 04 541,413 772 36,581 967 2,688 779 1,488 803 580 (338,583 304) (39, 85 0 4) (313,599 4 3) 802,923 007 (1, 50 83) 109,5 4 343 blic Workers’ Co-opera ive Credit Un on Lim ted ate Financi l Statements d lla s) 83 ma agement …ontinued ontinued …con inued 2022 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-inte est bearing $ Total $ 381,618 83 4,001 846 24,377 4 8 – – 419,998 157 ents - mortised c st – 4 22 16 463 6 7 – 23 68 806 ces 29,712 489 59,446 640 189 27 838 836 548 620 – 1,114 979 587 companies 283,732 60,9 5 4,701 326 2,956 3 7 338 575 26 040 952 – – – – 13,599 421 13,599 421 411,6 5 05 88, 35 620 227,814 279 839,504 97 30,9 7 96 1,5 8 307 923 749,953 484 127,2 0 518 539,342 1 36,569 722 – 1,453 14 065 r s – – – – 20 756 626 20 756 626 244,87 640,186 2,071 43 12,245 1,932 153 4,900 889 750,198 35 27,9 0 04 41,413 772 36,581 967 32,688 779 1,488 803 580 (338,583 304) (39, 85 0 4) (313,599 4 3) 02,923 007 (1, 50 83) 109,5 4 343 c Workers’ C - perative Credit Union L mited Financial Statements ollars) 83 ge e t …continued nued continued 202 Up to 3 months $ Within 3 - 12 months $ With n 1 - 5 years $ Over 5 years $ Non-i ter st b a ing $ To al $ 381,6 8, 33 14,001,8 6 24,377,478 – – 419,9 8, 57 s amor i d cos – 14,226, 69 9,463, 37 – – 23,689,806 29,712,489 59,446,640 189,271,838 3 ,548,620 – 1,1 4,979 587 mpanies 283,732 760,965 4,701,326 2,956, 54 17,338,5 5 26,040,952 – – – – 13,599,421 13,599,421 411,6 5,054 88,435,620 227,814, 9 839,504,974 30,937,996 1,598,307, 23 749,953, 84 127,280,518 539,342, 41 36,5 9,722 – 1,453,146 065 – – – – 20,756,6 6 20,75 ,626 244,874 6 0,186 2,071,431 12,245 11,932,153 1 ,900,889 750,198,3 8 127,920,704 541, ,772 36,581,9 7 32,688,779 1,488, 03,5 0 (338,5 3, 04) ( 9, 85,084) (313,599,49 ) 802,9 3, 7 (1, 50,783) 109,5 4,343 c Workers’ Co-operative Credit Union L mited Financial Sta me s ollar ) 83 gement …continued nued continued 202 Up to 3 months $ Withi 3 - 12 months $ W thin 1 - 5 years $ Over 5 years $ Non-i t r st bearing $ Total $ 381,6 8, 33 14,001,8 6 24,377,478 – – 419,9 8, 57 s amor i ed co t – 14 22 169 463 6 7 – 23 68 806 29,712 489 59,446 640 189 27 838 36 548 620 – 1,1 4 979 587 mpanies 283,7 2 760,965 4,701,326 2,956,354 7 3 8 575 26 040 952 – – – – 13,599,421 13,599,421 411,6 5,054 88,435,620 227,814, 9 839,504,974 3 ,937,996 1,598,307, 23 749,953, 84 127,280,518 539,342, 41 6,5 9,722 – 1,453 14 065 – – – – 20 756 626 20 756 626 244,874 640,186 2,071,431 12,245 1 ,932, 53 1 ,900,889 750,198,358 127,920,704 541, 3,772 36,581,9 7 32,688,779 1,488, 03,5 0 (338,5 3, 04) (39, 85,084) ( 13,599,493) 802,9 3, 07 (1, 50,783) 1 9,504,343
RkJQdWJsaXNoZXIy MTA2MDM=