126 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Consolidated Financial Statements March 31, 2024 (expressed in Barbados dollars) 25 Financial Risk Management …continued 25.5 Interest rate risk A summary of the Group’s interest rate gap position is as follows: 2024 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interes bearin Assets Cash resources 396,426,509 10,982,153 5,322,631 – 11,656,32 Financial investments 4,968,291 59,452 36,879,012 10,499,824 Loans and advances 35,530,307 39,570,496 271,614,788 1,045,260,550 2,573,93 Other assets – – 159,723 – 23,450,32 Total assets 436,925,107 50,612,101 313,976,154 1,055,760,374 37,680,57 Liabilities Deposits 871,926,863 205,373,366 600,602,439 36,621,728 129,70 Loans payable – – – 1,181,900 Reimbursable shares – – – – 27,361,69 Other liabilities 361,254 904,478 2,798,988 757,757 16,956,99 Total liabilities 872,288,117 206,277,844 603,401,427 38,561,385 44,448,39 Interest rate gap (435,363,010) (155,665,743) (289,425,273) 1,017,198,989 (6,767,81 bados Pu lic Workers’ Co-operative Credit Union Limited s to the C nsolidat d Financial Statements h 31, 2024 ssed in Barbados dollars) inancial Risk Management …continued nterest rate risk A summary of the Group’s interest rate gap position is as follows: 2024 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Assets Cash resources 396,426,509 10,982,153 5,322,631 – 11,656,320 424,38 inancial investments 4,968,291 59,452 36,879,012 10,499,824 – 52,40 oans and advances 35,530,307 39,570,496 271,614,788 1,045,260,550 2,573,933 1,394,55 Other assets – – 159,723 – 23,450,326 23,61 Total assets 436,925,107 50,612,101 313,976,154 1,055,760,374 37,680,579 1,894,95 Liabilities Deposits 871,926,863 205,373,366 600,602,439 36,621,728 129,709 1,714,65 oans payable – – – 1,181,900 – 1,18 Reimbursable shares – – – – 27,361,694 27,36 Other liabilities 361,254 904,478 2,79 ,988 757,757 16,956,993 21,77 Total liabilities 872,288,117 206,277,844 603,401,427 38,561,385 44,448,396 1,764, 7 nterest rate gap (435,363,010) (155,665,743) (289,425,273) 1,017,198,989 (6,767,817) 129,97 ados Public Workers’ Co-op rative Credit Union Limited o the Consolidated Fina cial S atements 31, 20 4 ed in Barbados dollars) a cial Risk Man gement …conti u d rest rate risk ummary of the Group’s interest rate gap position is a follow : 20 4 Up to 3 months $ With n 3 - 12 months $ With n 1 - 5 years $ Over 5 years $ Non-i terest bearing $ To et h resources 396,426,509 10,982,153 5,3 2,6 1 – 11,65 ,320 42 ,387, ancial investments 4,968,291 59,452 36,879,012 10,4 9,8 4 – 52,406, ns and a vances 35,530,3 7 39,570,496 271,614,788 1,045,260,550 2,573,933 1,394,550, er asset – – 159,723 – 23,450,326 23,610, al sset 436,925,107 50,612,101 313,976,154 1,055, 0,374 37, 80,579 1,894,954, bilit es osit 871,926,8 3 205,373,366 600,602,439 36,6 1,728 129,709 1,714,654, ns payable – – – 1,18 ,900 – 1,18 , mbursable shares – – – – 27,361,694 27,361, er liabilit es 361,254 904,478 2,798,9 8 757,757 16,956,993 21,779, al liabilit es 872,288,117 206,277,844 603,401, 27 8,561,385 44,448,396 1,764,977, rest rate gap (435,36 ,010) (1 5, 65,743) (289,425,273) 1,017,198,989 (6,767, 17) 129,977, os Public Workers’ Co-operative Credit Union Lim ted e Consolidated Financial Statements 2024 Barbados ollars) 8 ial Risk Management …continued rate risk mary of the Group’s interest rate gap posit on as follows: 2024 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Total $ sourc 396,426,509 10,982,153 5,322,631 – 11,656,320 424,387,61 l investment 4,968,291 5 ,452 36,879,012 10,499,82 – 52,406,579 d dv nces 35,530,307 39,570,496 271,614,788 1,045,26 , 50 2,573,933 1,394,5 0,074 sset – – 159,723 – 23,450, 26 23,610,049 sset 436,925,107 50,612,101 313,976,154 1,055,76 ,374 37,680,579 1,894,954,315 ies s 871,926,863 205,373,366 600,602,439 36,621,728 129,709 1,714,654,105 ayable – – – 1,181,900 – 1,181,900 rsable shares – – – – 27,361,694 27,361,694 abilities 361,254 904,478 2,798,988 75 ,75 16,956,993 21,779,470 bilities 872,28 ,117 206,277,844 603,401,427 38,561,38 44,448,396 1,764,97 ,16 rate gap (435,363,010) (155,665,743) (289,425,273) 1,017,198,989 (6,767,817) 129,9 7,146 Public Workers’ Co-operative Cr dit Union Limited Consolidated F na cial Statements 4 arbados dolla s) 86 Risk Man geme t …continued at isk y of the Group’s interest rate gap position is a foll ws: 2024 Up to 3 months $ With n 3 - 12 months $ With n 1 - 5 years $ Over 5 years $ Non-i terest bearing $ Tot l $ rce 396,426,509 10,982,153 5,322,631 – 11,656,320 424,387 613 nvestment 4,968,291 59,452 36,879,012 10,499,824 – 52,406,579 advances 35,530,3 7 39,570,496 271,614,788 1,045,260,550 2,573,933 1,394,550 0 4 t – – 159,723 – 23,450,326 23,610 049 t 436,925,107 50,612,10 313,976,154 ,055,760,374 37,680,5 9 1,894,954 315 871,926,8 3 205,373,366 600,602,4 9 36,621,728 129,709 1,714,654,105 able – – – 1,181,900 – 1,18 ,900 ble shares – – – – 27,361,694 27,361 694 lit es 361,254 904,478 2,798,988 757,75 16,956,993 21,779 470 lities 872,28 ,117 206,27 ,844 603,401,4 38,5 1,385 44,448,39 1,764,977 169 e gap (435,363,01 ) (155,665,743) (289,42 ,273) 1,017,19 ,98 (6,767,8 7) 129,977 146 ublic Workers’ Co-operative C edit Union Lim te nsolidated Financial Statements dos d llars) 86 sk Manageme t …conti ued risk the Group’s int est rate gap position s as follows: 2024 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Total $ 396,426,509 10,982,153 5,322,631 – 1,656,320 424,387,61 stment 4,968,291 59,4 2 36,879,012 10,499,82 – 52,406,579 ances 35,5 0,307 39,5 0,496 271,614,788 1,0 5,260, 50 2, 73,933 1, 94,550,074 – – 159,723 – 23,450, 26 23, 10,049 436,925,107 0,612,101 313,976,154 1,055,760,374 37,680,579 1,894, 54,315 871,926,863 05,373,366 600, 02,439 36,621,728 129,709 1,714,654, 05 – – – 1,181,900 – 1,181,900 shares – – – – 27,361,694 27,361,694 s 361,254 904,478 2, 98,988 757,7 16,956,993 21,779,470 es 872,288,117 206,2 7,844 603, 01,427 38,561,38 44,448,396 1,764,977, 6 p (435,363,010) (155,665,743) (289, 25,273) 1,017,198,989 (6,767,81 ) 129,977,146 blic Workers’ Co- perative Cr dit Union Limited lidated F n ncial St tem nts s dollar ) 86 Management …continued Group’s interest rate gap position is s follows: 2024 Up to 3 months $ Wi hin 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-i terest b ing $ Total $ 396,426,50 10,982, 53 ,322,631 – 11,656,320 424,387,61 e ts 4,968,291 59,452 36,879,012 0,499,824 – 52,406, 79 es 35,530, 7 39,570,4 6 271,6 , 88 1 045,260,550 2,573,9 3 1, 94,550,074 – – 159,723 – 23,450,326 23,610,049 436,925,107 50,612, 1 313,976, 54 1 0 5,760,374 37,680,5 9 1,8 4, 4,315 871,926,8 3 205,373,366 600, 2,439 6, 21,728 129,709 1,714,654,105 – – – 1,181,900 – 1,181,900 r s – – – – 27,361, 94 27,3 1, 94 361,254 904,478 ,798, 8 57,75 16,956,993 21,779,470 872,28 ,11 06,277,844 03,401,427 3 ,561, 5 4 ,4 8,396 1,7 ,977,169 (435,363,010) (155,665,743) (289,425, 73) 1 0 ,198, 9 (6, 7,817) 29,977,146 os Public Wo kers’ C -operative Credit Un on Limited e Consolidated Financial S atemen s 024 Barb dos dol ar ) 86 l Risk Ma agement …con inued ate risk ary of the Group’s intere ra e g p position is as fol ows: 024 Up to 3 months $ Within 3 - 12 months $ Within 1 5 years $ ver 5 years $ Non-int rest bearing $ otal $ ources 396,42 ,509 10,982, 53 5, 22,631 – 11,656,320 24,387 613 l investm nts 4, 68,291 59,4 2 36,879,012 10,499,824 – 52,406 79 nd advances 3 ,5 0, 07 39,570,4 6 271,614, 88 1,045 260,5 2,573,93 1,394 550 074 ets – – 159,723 – 23,450,326 23,61 049 sets 436,925,107 50,6 2,1 1 13,976, 54 1,055 60,374 37,680,5 9 1,894 95 315 es 871,926,863 205,37 ,366 600,6 2,439 3 ,621,7 8 129,70 1,714 65 05 y ble – – – ,18 ,900 – ,18 900 sable sh res – – – – 27,361,694 27,361 694 bilities 361,254 90 ,478 2,798,98 5 ,7 16, 5 ,993 21, 79 4 0 bi ties 72,288,117 206,277,844 603,4 1,427 38,561, 5 4 ,4 8,396 1,764 977 169 ate g p (4 5,363,010) (155,66 ,743) (289,425,273) 1,017 198,989 (6,767,817) 129,977 146
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