111 SEPARATE FINANCIAL STATEMENTS 2025 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2025 (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: 2025 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Cash resources 396,020,540 24,542,812 56,475,683 – Financial investments Debt securities - amortised cost 3,764,500 1,127,615 16,839,124 16,136,843 Securitized Deposit- amortised 176,234 631,577 3,252,127 23,589,981 cost Debt securities - FVTPL – 59,452 10,000,000 – Loans and advances 32,252,960 27,444,446 207,490,547 860,775,594 Due from related companies 294,568 889,245 4,054,585 – 17,028,57 Total assets 432,508,802 54,695,147 298,112,066 900,502,418 17,028,57 Deposits 826,783,886 123,780,419 579,614,178 35,190,256 Reimbursable shares – – – – 32,619,23 Other liabilities 137,785 334,807 113,963 – 15,878,70 Total liabilities 826,921,671 124,115,226 579,728,141 35,190,256 48,497,94 Interest rate gap (394,412,869) (69,420,079) (281,616,075) 865,312,162 (31,469,374 ados Public Workers’ Co-operative Credi Union L mited the Separate Financial Statements 1, 2025 d in Barbados dollars) ancial risk management …continued ket risk …continu d est rate risk …continued mmary of the Credit Union’s interest rate gap position is as follows: 2025 Up to 3 months $ Wi hin 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ To resources 396,020,540 24,542,812 56,475,683 – – 477,039 ncial investme ts ebt securities - amortised cost 3,764,500 1,127,615 16,839,124 16,136,843 – 37,868 ecuritized Deposit- amortised 176,234 631,577 3,252,127 23,589,981 – 27,649 ost ebt securities - FVTPL – 59,452 10,000,000 – – 10,059 ns and advances 32,252,960 27,444,446 207,490,547 860,77 ,594 – 1,127,963 from related companies 294,568 889,245 4,054,585 – 17,028,570 2 ,266 l assets 432,508,802 54,695,147 298,112,066 00,502,418 17,028,570 ,7 ,84 osits 826,783,886 123,780,419 579,61 ,178 35,190,256 – 1,565,368 mbursable shares – – – – 32,619,237 32,619 r liabilities 137,785 334,807 113,963 – 15,878,707 16,465 l liabilities 826,921,671 124,115,226 579,728,141 35,190,256 48,497,944 1,614,453 est rate gap (394,412,869) (69,420,079) (281,616,075) 865,312,162 (31,469,374) 88,393 Barbados Public Workers’ Co-operative Credit Union L mited otes to the Separate Financial Statemen s March 31, 2025 xpressed in Barbados doll rs) 3 Financial risk manageme …continued Market risk …continued Interest rate risk…continued A summary of the Credit Union’s in rest rate gap position is as f llows: 2025 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Cash resources 396,020,540 24,542,812 56,475,683 – – 4 Financial investments Debt securities - amortised c st 3,764,500 ,127,615 6,839,124 16,136,843 – Securitized Deposit- amortised 176,234 631,577 3,252,127 23,589,981 – cost Debt securities - FVTPL – 59,452 1 ,000,00 – – Loans and advances 32,252,960 27,444,446 207,490,547 860,775,594 – 1,1 Due from related companies 294,568 889,245 4,054,585 – 1 ,028,570 To al assets 432,508,802 5 ,695,147 298,112,066 900,502,418 17,028,570 1,7 Deposits 826,783,886 123,780,4 9 579,614,178 3 ,190,256 – 1,5 Reimbursable shares – – – – 32,619,237 Other liabilities 137,785 334,807 113,963 – 15,878,707 Total liabilities 826,921,67 1 4,115,226 579,728,141 3 ,190,256 48,497,944 1,6 In rest rate gap (394,412,869) (69,420,079) (281,616,075) 865,312,162 (31,469,374) rbados Public Wo kers’ Co-operative Credit Union Limited es to the Separ te Financial Sta ements rch 31, 2025 ressed in Barbados dollars) Financial risk management …continued Market risk …continued Interest rate risk …continued A summary of the Credit Union’s interest rate gap pos tion is as foll ws: 20 5 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-in er st bearing $ Cash esource 396,020,540 2 ,542,812 56,475,683 – – 47 F na cial investments Debt securities - amo tised cost 3,764,500 1, 27,615 16,839,124 6,1 6,843 – 3 Securitized Deposit- amortised 176,234 631,577 3, 52,127 23,589, 81 – 2 cost Debt securities - FVTPL – 59,452 10, 0, 0 – – 1 Loans and advances 32,252,960 27, 44, 46 207, 90,547 860,775, 94 – 1,12 Due from related compani s 294,568 889,245 ,0 4,58 – 17,028,570 2 Total ssets 432,508, 02 54,695,147 298,112,066 900,502,418 17,028,570 1 70 Deposit 26,783,886 123,780,419 579,614,178 35,190,256 – 1,56 Reim ursable share – – – – 32,619,237 Other liabilities 137, 85 334,807 113,963 – 15,8 8,707 1 Total liabilities 826,921,671 24,115,226 579,728,141 35,190,256 48, 97,944 1 61 Interest rate gap (394,412,869) (69,420,079) (281,61 ,075) 865,312,162 (31,469,374) 8 ados Pu lic Workers’ Co-operative Credit Union Lim ted o the Separa e Financi l Statem nts 31, 2025 ed in Barbados d llars) nanc al risk m nagem nt …continued rket risk …continued erest rat risk …continued u mary of the Cr dit Union’s interest rat gap pos tion is as follows: 2025 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ T sh resourc 396,020,540 24,542,812 56,475, 83 – – 4 7,03 anci l i vestment Debt secur ti s - amortised co t 3,764,500 ,127,6 5 16,839,124 16,136,84 – 37,86 Securitized Deposit- amortis d 176,234 631,577 3,252,1 7 23,58 ,981 – 27,64 cost Debt secur ties - FVTPL – 59,452 1 , , – – 1 ,05 ans d adv nces 3 ,252,960 27, ,446 207,490,547 860, 7 ,594 – ,127,96 e from related compani s 294,568 89,245 4,054,58 – 17,028,570 ,2 tal asset 432,50 ,802 54,695,147 298, 12,066 9 0,5 2,418 17,028,570 1,702,84 posits 826,7 3,886 123,780,419 579,614,178 35,190,256 – 1,565,36 mbursable shares – – – – 32,619, 37 32,61 her liabil ties 13 ,785 34,807 13,963 – 15,878,70 16,46 ta li bi t es 826,921, 71 124, 5,226 579,728,141 35,190,256 48,497,944 1,61 ,45 erest rat gap (39 ,412,869) (69,42 ,079) (281,616,075) 865 312,162 (31,469,374) 8,39 os Public Workers’ Co- perative Credit Union L mited e Separate Financial Statements 2025 Barbados dollars) 79 ial risk managem nt …continued isk …continued ra e isk …continued ary of the Credi Un on’s interes ra e g p pos tion i as f llows: 2025 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interes bearing $ Total ou ce 396,020,540 2 ,542,812 56,475,683 – – 477,039,035 al investmen s s curiti s - amo tised cost 3,764,500 1,127,615 16,839,124 16, 36,843 – 37,868,08 ritized Depos t- amo t sed 176,234 631,577 3,252,127 23,589,981 – 27,649,919 s curiti s - FVTPL – 59,452 10,0 0,00 – – 10,059,452 nd adv nces 32,252,960 27,444,446 207,490,54 860,775,594 – 1,127,963,547 m elated companies 294,568 889,245 ,054, 85 – 17,028,570 22,266,968 sets 432,508,80 54,695,147 298,112,066 900,502,418 17,028,570 1 702,847,0 3 s 826,783,88 123,780,419 579,614,1 8 35,190,256 – 1,565,368,7 9 rsable share – – – – 32,619,2 7 32, 19, abilities 137,785 334,807 113,963 – 15,878, 07 16,465,26 ab lities 826,921,671 124,115,2 6 579, 28,141 35,190,256 48, 97, 4 1 61 , 53,238 ra e g p (394,412,869) (69,420,07 ) (281,616, 75) 865,312,1 2 (31,469,374) 88,393,765 Public Workers’ Co- perative Cred t Union Limited Separate Fin ncial Statements 5 a bados dollar ) 79 risk management …continu d …conti ued risk …continued y of the Credit Unio ’s in erest ra gap position is as follows: 20 5 Up to 3 months $ With n - 12 months $ With n 1 - 5 years $ Over 5 years $ Non-i terest bearing $ Tot l $ rc 396,020,540 4,5 2 812 56,475 683 – – 477,039,035 vestments curities - amort sed cost 3,764,500 1 127 615 16,839 4 16, 3 43 – 37,868,0 2 zed Deposit- amortised 176,234 6 1,5 7 3 252,1 7 23,589 981 – 27,649,91 curities - FVTPL – 59,452 10,0 0, 0 – – 10,059,452 a v nce 32,252,960 27 444 6 207 490 5 7 860 75 5 4 – 1,127,963,547 lated compani s 294,568 89, 45 4 054, 5 – 17,028,570 22, 66,9 8 s 432,508,802 54,695 147 2 8 112 066 90 ,5 2,418 17,028,570 1,702,847,003 826,783, 86 12 780 419 579 614 78 35 190 256 – 1,565,368,739 ble sh res – – – – 32,619, 37 3 ,619,237 ities 137,785 334,80 113,963 – 15,878, 07 16,4 5,262 lit es 826,921, 71 4 15 2 6 79 28 41 35 90 256 48 497 44 1,6 4,453,2 8 gap (394,412,869) (69,420 079) (281 6 6 075) 8 5,312, 62 (31,469,374) 88,393,765 u lic Workers’ C -operative Cr dit Union Lim t d arat Fin ncial S a ments o dollars) 79 k m nagement …conti ued …cont nued sk …continued the C dit Union’s in rest ate gap positi n as foll ws: 2025 Up to 3 months $ Within 3 - 12 months $ W thi 1 - 5 years $ Over 5 years $ Non-int est be ing Total $ 396,020,54 24,542,812 56,475,683 – 477,039,035 tments ies - amor ed co t 3,764,500 1,127,615 16,839, 24 16,13 ,8 3 – 37,868,082 D posit- amorti d 176,234 631,577 ,252,127 23,589,981 – 27,649,91 ies - FVTPL – 59,4 2 10,00 ,00 – 10,059,4 2 ces 32,25 ,960 27,444,446 2 7,490,54 8 0, 75,594 – 1,127,963,547 d comp ni s 294,568 89,245 4,05 , 85 – 17,028,57 2 266,968 432,508,802 54,695,147 298,11 ,066 90 50 418 7, 8,57 ,702,84 , 03 826,783,8 6 123,7 0,4 9 579,614, 78 35,190,256 – 1,565,3 8,739 hares – – – – 32,619,237 32 619,237 s 137,785 334, 07 113,96 – 15,878,707 16 465,262 s 826,9 1,67 24, 15,2 79,7 8, 41 35, 90,256 48,497,94 1, 1 ,453,238 p (394,412,869) (69,420,079) (281,616,075) 865,312,162 (31,469,37 ) 88,393,765
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