113 SEPARATE FINANCIAL STATEMENTS 2024 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 2023 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-intere bearin Cash resources 357,042,421 7,724,987 70,941,034 – Financial investments Debt securities - amortised cost – 1,485,901 12,697,987 7,506,531 Debt securities - FVTPL – – – 10,000,000 Loans and advances 41,313,771 29,129,436 231,190,615 844,757,475 Due from related companies 287,299 770,532 4,760,430 1,743,851 17,029,06 Total assets 398,643,491 39,110,856 319,590,066 864,007,857 17,029,06 Deposits 795,901,600 137,501,807 531,072,268 36,423,130 Reimbursable shares – – – – 22,725,83 Other liabilities 224,492 682,949 1,371,932 966 9,147,43 Total liabilities 796,126,092 138,184,756 532,444,200 36,424,096 31,873,26 Interest rate gap (397,482,601) (99,073,900) (212,854,134) 827,583,761 (14,844,20 B rbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2024 (expressed in Ba bados dollars) 23 Financial risk management …continued Marke risk…continued Interest rate risk …continued 2023 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-intere bearin Cash resources 357,042,421 7 724 87 70 941 034 – Financial investments Debt securities - amortised cost – 1 485 901 12 6 7 987 7 506 531 Debt securities - FVTPL – – – 10 000 000 Loans and advances 41,313,771 29,129,436 231,190,615 844,757,475 Due from related companies 287,2 9 77 532 4 76 430 1 743 1 Total a sets 3 8 643 491 9 110 56 319 590 0 6 864 007 857 17,029,06 Deposits 795,901 600 137,501 807 53 0 2 268 36,423,130 Reimbursable shares – – – – 22,725,83 Other i i 2 4 4 6 2 949 1 371 932 96 9 147 43 Total liabilities 7 6 126 092 138,184,756 53 44 200 36 424 096 31 73 6 Interest rate gap (397,482,601) (99,073,900) (212,854,134) 827,583,761 (14,844,20 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Fin ncial Statements March 31, 2024 (expressed in Barbados dollars) 23 Financial isk management …continued Market risk …continued Interest rate risk …continued 2023 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Cash resources 357,042,421 7,724,987 70,941,034 – – Financial i v s ments Debt securities - amortised cost – 1,485,901 12,697,987 7,506,531 – Debt securities - FVTPL – – – 10,000,000 Loans and adv ces 41,313,771 29,129,436 231,190,615 844,757, 75 – 1 Due from r lated companies 287,299 770,532 4,760,430 1,743,851 17,029,066 Total assets 398,643,491 39,110,856 319,590,066 864,007,857 17,029,066 1 Deposits 795,901,600 137,501,807 531,072,268 36,423,130 – 1 Reimbursable shares – – – – 22,725,836 Other liabilities 224,492 682,949 1,371,932 966 9,147,431 Total liabilities 796,126,092 138,184,756 532,444,200 36,424,096 31,873,267 1 Interest ra gap (397,482,601) (99,073,900) (212,854,134) 827,583,761 (14,844,201) Barbados Public Workers’ Co- perative Credit Union Limited otes to he Separate Financial Statements March 31, 2024 xpress d in Barb dos dollars) 3 Financial r sk manageme t …conti ued Market risk …continued Interest rate risk …continued 2023 Up to 3 months $ With n 3 - 12 months $ With n 1 - 5 years $ Over 5 years $ Non-i terest bearing $ Cash resource 357,042,4 1 7,724,987 70,941,034 – – 43 Financial nvestments Debt securities - amortised cost – 1,485,901 12,697,987 7,506,531 – 2 Debt securities - FVTPL – – – 10,0 0,0 0 1 Loans and a vances 41,313,771 29,129,436 231,190,615 844,757,4 5 – 1,14 Due from rela d compani s 287,299 770,532 4,760,430 1,743,851 17,029,066 2 Total asset 398,643,491 3 ,110,856 319,5 0,066 864,007,857 7,029,066 1 63 Deposits 795, 01,600 137,501,807 531,072,268 36,423,1 0 – 1 50 Reimbursabl share – – – – 22,7 5,836 2 Other liab lities 224,492 682,949 1,371,932 966 ,147,431 1 Total liabilit s 796,126,092 138,184,756 532,444,200 36,424,096 31,873,267 1 53 Interest rate gap (397,482,601) (99,073,900) (212,854,134) 827,583,761 (14,8 4,201) 1 rbados Public Workers’ Co- perative Credit Union Limited s o the S parate Financial Statem n s ch 31, 2024 essed in Barbado ollars) Financial risk management …continued Market risk …continued nterest ra e risk …continued 2023 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Cash resourc 357,042, 21 7,724,98 70,941,034 – – 435,7 Financial investme t Debt securities - amortised cost – 1,485,901 12,697, 87 7,506,531 – 21,6 Debt securities - FVTPL – – – 1 ,000,00 10,0 Loans nd adv nces 41,313,771 29,129,436 231,190,615 844,757,475 – 1,146,3 Due from relat d companies 287,299 770,532 4,760,430 1,743,851 17,029,066 24,5 Total asset 398,64 , 91 39,110,856 319,590,066 864,007,857 17,029,066 1,638,3 Deposits 795,901,600 137,50 ,807 531,072,268 36,423,130 – 1,500,8 Reimbursable sh res – – – – 22,725,836 22,7 Other liabilities 224,49 682,949 1,371,932 966 9,147, 3 11,4 Total liabilities 796,126,092 38,184,756 532,444,200 36,424,096 31,873,267 1,535,0 nterest rate gap (397,482,601) (99,073,90 ) (212,854,134) 827,583,761 (14,844,201) 103,3 dos Public Workers’ Co- perative Credit Union Lim ted the Separa e Fin ncial Statements 1, 2024 d in Barbados dollars) ncial r sk management …o i ued ket risk …continued est ate risk …continued 2023 Up to 3 months $ Within 3 - 12 mont s i hi 1 - 5 year Over y ar Non-interest bearing $ To resource 357,042 421 ,724 987 70,941 034 – – 435,708 4 nci l investm nts ebt securities - amortised cost – ,485 901 12,697 8 7,506 31 – 21,690 4 ebt securities - FVTPL – – 10,00 10,00 s and dvances 41,313 771 29,1 436 231, 90 615 844,757 475 – 1,146 391 2 from r lated companies 287, 99 770,532 4, 6 4 1,743 851 17, 29 66 24,5 1 1 l assets 398,643 491 39,110 856 319, 90 066 864, 07 85 17, 9 66 1 638 381 osits 795,901 6 0 137,501 8 7 531,072 268 6,423 130 – 1,500 898 mbursabl shares – – 22,7 5 836 22,7 5 8 r liabi ties 224,492 682,949 1,37 32 966 9,147 431 1 ,427 7 l liabilities 796,12 092 138, 4 756 532,444 2 0 36, 2 096 31,873 267 1 535 052 4 est a gap (397,482 601) (99,073 900) (212,854 13 ) 827,583 761 (14,84 201) 1 3,328 9 s Public Workers’ C -operative Credit Union L m ted S parate Financial Stateme ts 024 Barbados doll s) 79 al risk managemen …continued isk …con inued ate i k …continued 2023 Up to 3 months $ Within 3 - 12 months $ W thin 1 - 5 years $ Over 5 years $ Non-int est bearing $ Tot l $ urces 357,042 421 7,724 98 0,941 034 – – 435,708 42 investments curitie - amortised cost – 1,485 90 12,6 7 987 7,506 31 – 21,690 419 curities - FVTPL – – – 10,00 0 10,00 0 d dvances 41,313 77 29,1 436 231,190 615 844,757 475 – 1,146,39 297 elated c mpanies 287, 99 770,532 4,760 430 1,7 85 17,029 66 24,591 178 ets 398,643 4 1 39,110 856 3 9,590 066 8 4,0 7 57 17,029 66 1, 38,38 3 6 795,901 600 137,501 80 531,072 268 36,4 3 1 0 – 1,500,898 8 5 able shares – – – – 22,7 5 836 22,7 5 836 bi ties 224,492 682,949 1,37 932 966 9,147 431 11, 27 770 bilities 796,12 0 2 138, 84 756 32,444 200 36,4 4 09 31,873 267 1,535,052 411 ate gap (397,482 601) (99,073 900) (212,854 134) 827,58 761 ( 4,84 201) 03,328 925 Public Workers’ Co-operative Credi Union L m t d parat Financial Statements ados dollars) 79 sk man gement …co tinued …continued ri k …con inued 2023 Up to 3 months $ Wi hin 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest be ing $ Total $ es 357,042 421 7,724 98 0,941 034 – – 435,708, 42 estme ts itie - amortised co – 1,485 90 2,697 987 7,506 31 – 21,690,419 itie - FVTPL – – – 10,000 0 10,00 0 vances 41,313 771 29,1 9 436 231,190 15 844,757 475 – 1,146 39 297 ted co panies 287,299 70,532 4,760 4 0 1,743 85 7,029 6 24 591 8 398,643 4 1 39,110 856 319,590 066 8 4, 07 57 17,029 6 , 38 381 33 795,901 600 137,501 80 531,072 268 36,423 1 0 – ,500 898 8 5 shares – – – – 22,7 5 836 2 es 224,492 682,949 1,371 9 2 966 9,147 4 1 11 42 770 es 796,12 0 2 138, 84 756 32, 44 200 36, 24 09 31,873 267 1,535 052 411 ap (397,482 601) (99, 73 900) (212,854 134) 827,583 761 ( 4,84 201) 03 328 925 bados Public Workers’ Co-operativ Credi Un o L mited to the Separate Fi ncial St ements h 31, 024 sed in Barbado dollars) ancial risk m nagement …co tinued arket isk …continued teres ra e risk …co inued 023 Up to 3 months $ W hin 3 - 12 months $ W thin 1 - 5 years $ Over 5 years $ No -interes b ing $ ash resou ces 357,042,421 7,724,987 70,941,034 – – 435,70 nanc al nvestme ts Deb secu it e - amortised cost – 1,485,901 12,697,987 7,506, 31 – 2 ,69 Deb securit e - FVTPL – – – 10, 0 , 1 , oa s n dvances 41, 13,7 1 29,129,436 231,190, 15 844, 57,475 – 1,146,39 u from relat d companies 287,29 70,532 4,760,430 1,743,851 17,029,06 24,59 ot l as ets 398,643,4 1 39,110,856 319,590,06 864,007, 57 17,029,06 1, 8,38 eposits 795,901,60 137,501,807 531,072,268 36,423,130 – 1, 0 , 9 eimburs le shares – – – – 22,725,836 22,72 ther liabilities 2 4,492 682, 49 1,371,932 96 9,147,431 11,42 otal iab l t es 796,126,092 138,184,756 532, 4 ,20 36, 24, 96 31,873,267 1,535,05 terest rate gap (397,482,601) (99,073,90 ) (2 2,854,134) 827,583,761 (14,84 ,201) 103,32
RkJQdWJsaXNoZXIy MTA2MDM=