127 CONSOLIDATED FINANCIAL STATEMENTS 2024 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 …continued 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 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 …continued 2023 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interes bearin Assets Cash resources 360,744, 28 1,4 3,272 18,58 ,011 – 2,002,4 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 iabilities D posits 842,508,421 240,954,764 591,967,737 36,751,664 Loans payabl – – – ,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 ados Public Workers’ Co-op rative Cr di Union L mited o the Consolidated Financial Stateme ts 31, 2024 ed in Barbados dollars) nancial Risk Management …co tinued erest rate risk …continu d 2023 Up to 3 months $ Wi hin 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest be ing $ T sets sh resources 360,744,428 1,423,272 18,587,011 – 12,002,420 392,757 ancial investme ts 2,356,241 9,43 ,432 12,700,719 11,487,555 ,078,547 40,055 ans and advances 41,606,406 34,222,385 260,347,773 1,077,880,610 11,283,525 1,425,340 her assets 3,797 ,743 67,427 93,066 22,115,239 22,287 tal assets 404,710,872 45,085,832 291,702,930 1,089,461,231 49,479,731 1,880,440 abilities posits 842,508,421 240,954,764 591,967,737 36,751,664 – 1,712,182 ans payable – – – 1,232,484 – 1,232 mbursable shar s – – – – 22,725,836 22,725 her liabilities 854,916 1,058,134 4,043,440 1,359,869 13,479,392 20,795 tal liabilities 843,363,337 242,012,898 596,011,177 39,344,017 36,205,228 1,756,936 erest rate gap (438,652,465) (19 ,927,066) (304,308,247) 1,050,117,214 13,274,503 123,503 dos Public Workers’ Co- perative Credit Union Limited the Cons lida ed Financial Stateme ts 1, 2024 in Barbados dollars) ncial Risk Man gement …conti ued st rate risk …conti ued 20 3 Up to 3 months $ Within 3 - 12 nths $ Wit i 1 - 5 years $ Over 5 y ars $ Non-interest bearing $ Tot resources 360,744,428 1,423,27 18,587,011 – 12,002,420 392,75 ,13 cial investments 2,356,241 9,432,432 12,700,719 11,487,55 4,078,547 40,055,49 s and advances 41,60 ,406 34,22 ,385 260,347,773 1,077,880,610 11,283,525 1,425,340,69 asset 3,79 7,743 67,427 93,066 22,115,239 22,287,27 sset 40 ,710,872 45,085,832 291,702,930 1,089,461,2 1 49,479,7 1 1,880,440,59 lities sit 842,508,421 240,954,764 591,967,73 36,751,664 – 1,712,182,58 s pay ble – – – 1,23 ,48 – 1,23 ,48 bursable shares – – – – 22,725,836 22,725,83 liabilities 854,916 1,058,134 4,043,440 1,359,869 13,479,392 20,795,75 liabilities 843,36 ,337 24 ,012,89 596,011,177 39,344,017 36,205,228 1,756,936,65 st rate gap (438,652,465) (196,927,066) (304,308,247) 1,05 ,117,214 13,274,503 123,503,93 os Public Worke s’ Co-operative Credit Un o Limited e Consolidate Fina cial Statements 20 4 Barbados dollar ) 87 l Risk Management …conti ued rate risk …conti ued 2023 Up to 3 months $ Within 3 - 12 months $ With n 1 - 5 years $ Over 5 years $ Non-interest bearing $ Total $ ou ces 360,744, 28 1, 23, 7 18,587,011 – 2,002,42 392,75 ,13 l investmen s 2,356,241 9,432,4 2 12,700,719 11,487,555 4,078,54 40,055,49 nd advances 41,60 ,406 34,222,385 260, 7,773 1,077,880,610 1,283,5 5 1,425,340,699 set 3,79 7,743 67,427 93,066 22,115,2 9 22,287,27 set 40 ,710,8 2 45, 85, 32 291,702,930 1,089,461,231 49,479, 31 1,880,440,596 es 842,508,421 240,954,764 591,967,737 36,751, 64 – 1,712,182,586 yable – – – 1,232, 84 – 1,23 ,48 sa le share – – – – 22,725,836 22,725,836 bilit es 854,916 1,058,134 4,043, 40 1,359,869 13,479,3 2 20,795,751 abilities 843,36 ,3 7 24 ,012,898 596,011, 77 39,344,017 36,205,2 8 1,756,936,657 rate gap (438,652,4 5) (196,927,066) (304,308, 47) 1,05 ,117,2 4 3,274,503 123,503,93 Public Workers’ Co-operative Credit Unio Limited Consolidated Financi l Statements 24 arbados dolla ) 87 Risk Management …con i ued ate isk …conti ued 20 3 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-inter s bearing $ Total $ rces 360,744,428 1,423,272 18,587,011 – 12,002,4 0 392,757 131 nvestmen s 2,356,241 9,432,4 2 12,700,719 11,487,555 4,078,5 7 40,055,494 advances 41,60 ,406 34,222,385 260,347,773 1,077,880,610 11,283,525 1,425,340 699 ts 3,79 7,743 67,427 93,066 22,115,239 22,287 272 s 40 ,710,872 45,085,832 91,702,930 1, 89,461,231 49,479,731 1,880,4 0 596 842,508,4 1 240,95 ,764 591,967,737 36,751,6 4 – 1,712,18 ,586 ble – – – 1,23 ,48 – 1,232, 84 le shares – – – – 22,725,836 22,7 5 836 lities 854,916 1,058,134 4,043,4 0 1,359,869 13,479,392 20,795 751 lities 843,36 ,3 7 24 ,012,898 596,011,177 39,344,017 36,205,228 1,756,9 657 e gap (438,652,465) (196,927,0 6) (304,308,247) 1,05 ,1 7,214 13,274,503 123,50 9 9 ublic Workers’ Co-operative Credit Union Limited nsolidated Financial Statements ados dollars) 87 sk Managem nt …continued risk …continued 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 18,5 7,0 1 – 2,002,42 392,757,131 stme ts 2,356,241 9,432,432 12,700,7 9 1 ,487,555 4,078,54 0,055,494 nces 41,606,406 34,222,385 2 0,347,773 1,07 ,880 61 1 ,283,5 5 1 4 ,3 0 699 3,797 7,743 67,427 93,066 22,115,239 22, 87,27 404,71 ,8 2 45,085,832 291,702,93 1,089,46 31 49, 79,731 1 880,440 596 842,508,421 40,95 ,764 591, 67,737 36,751,664 – 1,712,182 586 – – – 1,232,484 – 1,232,484 har – – – – 22,7 5,836 22,7 5,836 es 854,916 ,058,134 4,043,440 1,359,869 13,479,392 20,795,751 es 843,363,3 7 242,012,898 596,011,177 39, 44,017 36,205,2 8 1 756,936 6 ap (438,652,4 ) (19 , 27,066) (304,308,247) 1,050,117,2 4 13,274,50 12 ,503,939 blic Workers’ Co-operativ Cr dit Union L mited lidated Fin nci l Statements s oll rs) 87 Man gem nt …continued …continued 2023 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-i terest bearing $ Total $ 360,744,428 1 423, 72 18 587,011 – 12,002,4 392,757,131 e ts 2,356,241 9 432,432 1 700,719 11 487,555 4 078,547 40,055,494 es 41,606,40 34 222,385 60 347,7 1 07 88 ,6 0 11 283,525 1,425,340,699 3,797 7,743 67,427 93,066 22 115,239 22,287,2 404,710,872 45 085, 32 291 70 ,930 089 461,231 4 479, 31 ,880,440,596 842,50 ,421 240 954,764 591 967,737 36 51,664 – 1,7 2,182,586 – – – ,232,484 – 1,232,484 res – – – – 22,725,836 22,725,836 854,916 1 058,134 4 043, 4 359,869 13 47 ,3 2 20,795,7 1 843,363,3 7 242 01 ,898 596 011, 77 39 344,017 36 205,228 1,7 6,936,657 (438,652,465) (196 927,066) (30 308,247) 1 05 117,2 4 13 274,503 1 3,503,9 9 s Public Workers’ Co-operative red t Union Limited Consolidated Fin ncial Statem nts 024 Barbados dollars) 87 al Risk Managem nt …continued a e risk …continued 2023 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-in erest bearing $ Total $ ources 360,7 ,428 1,423,272 18,587,011 – 12, 02,4 0 392,757,131 i ves ments 2,356, 41 9,432,432 12,7 0,719 1,487,555 4,078,547 40,0 5,494 d adv nces 41,606,406 34, 2,385 260,34 ,773 1,0 7,880,610 1,283,525 1,425,340,699 et 3,797 ,743 67,427 93,0 6 2, 15, 39 ,287, 2 ets 404,710,872 45,085,832 291,702,930 ,089,461,231 49,479,731 1, 80,440,596 es 842,508,4 1 240,954,764 591,96 ,737 36,751, 64 – 1,712, 82,586 yable – – – 1,232,484 – 1,232,484 sable shar s – – – – 2,725,836 2,7 5,836 b l ties 854,916 1,058, 34 4,043, 40 1,359,869 13,479, 2 20,795,7 1 b l ties 84 ,36 , 37 242,012,898 596,0 ,177 39,3 4,017 36,205,228 1,7 6,936, 57 at gap ( 38,652,465) (196,927,066) (304,308,247) 1,050, 17,214 1 ,274,503 123,503,9 9
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