112 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2024 (expressed in Barbados dollars) 23 Financial risk management …continued Market risk …continued Interest rate risk …continued A summary of the Credit Union’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 $ Cash resources 373,603,398 11,683,498 63,217,792 – – Financial investments Debt securities - amortised cost – 6,101,392 16,684,330 9,717,102 – Securitized Deposit- amortised cost 187,427 576,334 3,460,761 25,175,619 – Debt securities - FVTPL – 59,452 10,000,000 – – Loans and advances 33,801,296 31,592,119 222,403,471 843,936,236 – Due from related companies 290,911 878,204 5,238,398 – 16,670,748 Total assets 407,883,032 50,890,999 321,004,752 878,828,957 16,670,748 Deposits 813,155,468 117,557,387 557,667,554 36,416,656 – Reimbursable shares – – – – 27,361,694 Other liabilities 228,406 500,168 620,584 – 12,998,082 Total liabilities 813,383,874 118,057,555 558,288,138 36,416,656 40,359,776 Interest rate gap (405,500,842) (67,166,556) (237,283,386) 842,412,301 (23,689,028) Barbados Public Workers’ Co-operative Credit Un on Limited Notes to the Separate Fin ncial Statements March 31, 2024 expressed in Barbados dollars) 3 Financial risk management …co tinued Market risk …continued Interest rate risk …continued A summary of the Credit Union’s interest ra gap position is as follow : 2024 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Cash resources 373,603,398 11,683,498 63,217,792 – – 4 Financial investme ts Debt securities - amortised cost – 6,101,392 16,684,330 9,717,102 – Securitized Deposit- am rtised cost 187,427 576,334 3,460,761 25,175,619 – Debt securities - FVTPL – 59,452 10,000,0 0 – – Loans and adv ces 33,801,296 31,592,1 9 222,403,471 843,936,2 6 – 1,1 Due from r lated companies 290,911 878,204 5,238,398 – 16,670,748 Total asse s 407,883,032 50,890,999 321,004,752 878,828,957 16,670,748 1,6 Deposits 813,155,468 117,557,387 557,667,554 36,416,656 – 1,5 Reimbursable shares – – – – 27,361,694 Other liabilities 228,406 500,168 620,584 – 12,998,082 Total liabilities 813,383,874 118,057,555 58,288,138 36,416,656 40,359,776 1,5 Interest ra gap (405,500,842) (67,166,556) (237,283,386) 842,412,301 (23,689,028) 1 rbados Public Workers’ Co- perative Credit Union Limited es to he Separate Financial Statements rch 31, 2024 ressed in Barb dos dollars) Financial r sk management …continued Market risk …continued Interest rate risk …continued A summary of the Credit Union’s interest ra e gap position is as follows: 2024 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Cash resource 373,603,398 11,683,498 63,217,792 – – 448, Financial investments Debt securities - amortised cost – 6,101,392 16,684,330 9,717, 02 – 32, Securitized Deposit- amortised cost 187,427 576,334 ,460,761 25,175,619 – 29, Debt securiti s - FVTPL – 59,452 10,0 0, 0 – – 10, Loans and advances 33,801,296 31,592,119 222,403,471 843,936,236 – 1,131, Due from related compani s 290, 11 878,204 5,238, 98 – 16,670, 48 23, Total assets 407,883,0 2 50,890, 99 321,004,752 878,828,957 16,670, 48 1 675, Deposits 813,155,46 117,557,387 557,667,554 36,416,656 – 1,524, Reimbursabl shares – – – – 27,361, 94 27, Other liab lities 228,406 500,168 620,584 – 12,998,0 2 14, Total liab lities 813,383, 74 118,057, 55 558,2 8,138 36,416,656 40,359,776 1 566, Interest ra e gap (405,500,842) (67,166,556) (237,283,386) 842,412,301 (23,689,028) 10 , bados Public Workers’ Co- perative Cred t Union Limited t he Separate Fina c al Statements 31, 2024 sed in Barb dos dollars) na c al risk management …continued arket risk …continued erest rat risk …continued summary of the Credit Union’s interest rate gap position is as follows: 2024 Up to 3 months $ With n 3 - 12 months $ With n 1 - 5 years $ Over 5 years $ Non-i terest bearing $ T sh resource 373,60 ,398 11 683,498 6 217,79 – – 448,50 nancial nvestme t Debt securiti s - amortised co t – 6,101,392 16 684,330 9 717, 02 – 32,502 Securitized Deposit- amortised cost 187,427 576,334 3 460,761 25 175,619 – 29,400 Debt securiti s - FVTPL – 59,452 10 0 0, – – 10,059 ans and advance 33,801,296 3 5 2,119 22 403,471 84 9 6,236 – 1,131,733 ue from related companies 290, 11 878,204 5 38, 98 – 16,670, 48 23,078 tal asset 407,883,0 2 50 890, 99 321 004,752 878 828,957 16 670, 48 1,675,278 posits 813, 55,468 17 557,387 66 ,554 36 416, 56 – 1,524,797 imbursable shares – – – – 27,361, 94 27,361 her liab lities 228,406 5 0,168 620,584 – 12,998,0 2 14,3 7 tal liabilit es 813,383, 74 118 057, 55 5 8 2 8,138 36 416, 56 40 3 9,776 1, 66,50 erest rate gap (405,500,842) (67 166,556) (237 283,386) 842 12,301 (23 689,028) 108,772 dos Public Workers’ Co-operativ Cr dit Union Limited he S parat Financial St ments , 2024 in Barba os d llars) cial risk m n gement …conti ued et risk …continued st rate risk …cont nued mary of the Credit Union’s interest rate gap position s as follows: 2024 Up to 3 months $ Within 3 - 12 months Withi 1 - 5 years Over 5 years Non-inter st bearing Tota $ esources 373,60 ,398 11,683,498 63,217,79 – 448,504,68 i l investments bt securities - amortised cost – 6,101,392 16,684,330 9,717,102 – 32,50 ,82 uritized Deposit- amorti ed t 187,42 576,334 3,460,761 25,17 ,619 – 29,400,14 bt securities - FVTPL – 59,452 10,00 ,00 – 10,059,45 d advances 33,801,296 1,592,119 222,403,471 843,936,236 – 1,131,733,122 om related comp nies 290,911 878,204 5,238,398 – 16,670,748 23,078,261 asset 407,883,032 50,89 ,999 321,004,752 878,82 ,957 16,670,748 1,675,278,488 its 813,155,468 1 7,55 ,387 557,66 ,5 4 36,41 ,656 – 1,524,797,065 ursable sh res – 27,361,694 27,361,69 liabili ies 228,406 500,168 62 ,584 – 12,998,082 14,347,24 li bilities 813,383,874 1 8,057,555 558,28 ,138 36,41 ,656 40,359,776 1,566,50 ,999 t rate gap (405,500,842) (67,166,556) (237,283,386) 842,41 ,301 (23,689,028) 108,772,48 Public Workers’ Co-ope ative Credit Un on L m ted Separat Fin ncial tatements 24 arbados ollars) 78 risk management …continu d sk …continued te risk …continued y of the Credit Union’s i terest ate gap positi is a follows: 2024 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Total $ rces 373,60 398 11,683 498 63,217 792 – – 448,504 688 vestments curitie - amo tis d cost – 6,101 392 16,684 330 9,7 7 102 – 32,50 824 zed Deposit- am rtised 187,42 576,334 3,460 761 25,17 619 – 29,400 141 curitie - FVTPL – 59,4 2 10,00 – – 10,059 4 2 dva ces 33,801 296 31,592 119 222,403 71 8 3,936 23 – 1,13 7 3 122 lated compani s 290,911 878,204 5,238 39 – 16,670 748 23,078 261 ts 407,883 032 50,89 9 9 321,004 752 8 8, 2 957 16,670 748 1,675 2 8 48 813,155 46 117,55 38 557,66 554 36,41 65 – 1,524 797 065 bl shares – – – – 27,361 694 27,361 694 lities 228,406 500,168 620,584 – 12,998 082 14,347 2 0 lities 813,38 874 118,057 555 5 8,28 13 36,41 65 40,359 776 1,56 05 999 gap (405,5 0 842) (67,1 6 55 ) (237, 83 386) 842,41 301 (23,689 028) 10 ,772 489 ar ados Pu lic e s o-opera ive Credi U n Li it Notes to th Sep rate Fin ncial Stat men ch 31, 0 expres in Barbados do lar ) 23 Fin nci l ri k manag ment …co inu Mar et risk …continu Interes rate risk …c ntinu A umma y of the Cred t Union’s i terest ra gap po it on i as fo low : to 3 months $ ithi 3 - 12 months $ ithin 1 - 5 year $ ver 5 year $ No -inte t e i $ Cash r so r es 3, , 1, , 3, , Financial inv st e ts Debt securi es - amortise cost 6, , 6, , 9, , Securitiz d Deposit- a ortise c t , , 3, , 5, , Debt se urities - VTPL , 0, , Loans nd dvance 3, , 1, , 222, , 43, , – , Due from r lat d compa i s , , 5, , 6, ,7 Tot l e s 7, , 0, , 321, , 78, , 6,6 ,7 8 1, eposits 3, , 17, , 57, , 6, , – 1, Reimb r bl shares 7, ,6 Other liabilities , , , 2, ,0 Total liabilitie 3, , 18, , 58, , 6, , 0,3 ,7 6 1, Interest rat ga ( ,5 0,84 ) ( 7,1 6,556) (23 ,2 3, 8 ) 42,4 ,30 ( ,6 9,02 ) dos Public Worke s’ Co-op rative Cr di Union L mited the Separate Financial St temen s 1, 2024 d in Barbados dollars) ncial risk manageme t …co tinued ket risk …continued st rate isk …con inued mmary of the Credit Union’s inter s rate gap pos tion is as f ll ws: 20 4 Up to 3 months $ Wi hin 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-inter st b ring $ Tot resou ces 37 ,603, 98 11,6 3,498 63,217,792 – – 4 8,50 ,6 cial investme ts ebt secur ties - amortised c s – 6,10 ,392 16,684, 30 9,71 ,102 – 32,502,8 ecur tized Deposit- amort sed st 187,427 576, 34 3,460,761 25,175,6 9 – 29, 00,1 ebt secur ties - FVTPL – 59,452 10,0 , – – 1 , 59,4 s and advances 33,801,296 31,5 2, 19 22 ,403,471 843,936,236 – ,1 ,73 from related companies 290,911 87 ,204 5,238,398 – 16,670,748 23,0 8,2 l ssets 407,883,032 50,8 0, 9 321,004,752 87 ,828,957 16,670, 48 ,675,2 8 4 sit 813,155,468 117,557,38 557,667, 4 3 ,416,65 – 1,524,797 0 bur abl hare – – – – 27,361,694 27,3 1,6 r l ab l ties 228,406 500,168 620,584 – 12,998,08 14,347,2 liab li ies 1 , 3, 74 118,057, 5 8,288,13 36,416,65 40,359, 76 1,566,505 9 st rate gap (4 5,500,842) ( 7,1 6, 5 ) (2 7,28 ,386) 42,412,30 (23,6 9,0 ) 10 ,77 ,4
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