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, 2025 (expressed in Barbados dollars) 23 Financial risk management …continued Market risk …continued Interest rate risk …continued 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 290,912 878,204 5,238,398 – 16,670,748 Total assets 407,883,033 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 (405,500,841) (67,166,556) (237,283,386) 842,412,301 (23,689,028) ados Pu lic Workers’ Co-operative Credit Union Limited o the Separa e Financi l Statements 31, 2025 ed in Barbados dollars) ancial risk management …continued rket risk …continued rest rate risk …continued 2024 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-inte est bearing $ T h resources 373,603,398 11,683,498 3,217,792 – – 448,504, ancial investments Debt securities - amortised cost – 6,101,392 6,684,330 9,717,102 – 32,502, Securitized Deposit- amortised cost 187,427 576,334 3,460,761 25,175,619 – 29,400, Debt securities - FVTPL – 59,452 10,000,000 – – 10,059, ns and advances 33,801,296 31,592,119 222,403,471 8 3,936,236 – 1,131,733, e from related companies 290,912 878,204 5,238,398 – 16,670,748 23 07 , al assets 407,883,033 50,890,999 321,004,752 878,828,957 16,670,748 1 5 27 , posits 813,155,468 1 7,557,387 5 7,667,554 3 ,416,656 – 1,524,797, mbursable shares – – – – 27,361,694 27 361, er liabilities 228,406 50 ,168 620,584 – 12,998,082 14 347, al liabilities 813,383,874 11 ,05 ,555 558,288,138 36,416,656 40,359,776 1 566 505, rest rate gap (405,500,841) (67,166,556) (237,283,386) 842,412,301 (23,689,028) 108 772, Barbados Public Workers’ Co-operative Credit Un on Limited Notes to the Separate Financial Statements March 31, 2025 xpressed in Barbado dollar ) 3 Financial risk manageme …co inued Market risk …continued Interest rate risk …continued 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- amortised cost 187,427 576,334 3,460,761 25,175,619 – Debt securities - FVTPL – 59,452 1 ,000,0 0 – – Loans and dv ces 33,801,296 3 ,592,1 9 222,403,471 84 ,936,2 6 – 1,1 Due from r lated companies 290,912 878,204 5,238,398 – 16,670,748 To al asse s 407,883,033 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 813,383,874 118,057,555 558,288,138 36,416,656 40,359,776 1,5 Int rest ra gap (405,500,841) (67,166,556) (237,283,386) 842,412,301 (23,689,028) 1 rbados Public Workers’ Co- perative Credit Union L mited es to the Separate Financial Stat m nts rch 31, 2025 ressed in Barba os dollars) Financial r sk managem nt …continued Market risk …continued Interest rate risk …continued 2024 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Cash resource 37 603,398 11,683,498 63,217,792 – – 448, Fin ncial investments Debt securities - amo tised cost – 6,101,392 16,684,330 9,717,102 – 32, Securitized Deposit- amortised cost 18 ,427 576,334 ,4 0,761 25,175,619 – 29, Debt securities - FVTPL – 9,452 10, 0 ,0 0 – – 10, Loa s nd adv nces 33 801,296 31,592,119 222 03,471 8 3,9 ,236 – 1 1, Due from related compani s 290,912 878,204 5,23 ,398 – 16,670,748 23, Total a sets 407 88 ,0 3 50,890,999 321 004,752 8,828,957 16,670,748 1 675, Deposits 813 155,46 117,55 ,387 557,667,554 36,41 ,656 – 1 524, Reimbursable share – – – – 27 361,694 27, Other iabilities 228,406 500,168 620,584 – 12 998,0 2 14, Total liab lities 81 383,874 118,0 7,555 5 8,28 ,138 36,41 ,656 40,359,776 1 56 , Inte est ra e gap (405 500,841) (67,16 ,556) ( 37 2 3,386) 842,412,301 (23,689,028) 10 , ados Public Workers’ Co-operative Cr dit Union Limited to the Separat Financial Statemen s 31, 2025 ed in Barbados o lars) nancial risk managem nt …continued arket risk …continued erest rate risk …continued 2024 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-i terest bearing $ T sh resources 373,60 ,398 11,683,498 6 ,217,79 – – 48,50 ancial nvestme ts Debt securities - amortised cost – 6,101,392 16,684,330 9,717,102 – 32,502 Securitized Deposit- amortis d cost 187,427 576,334 3,460,761 25,175,619 – 29,400 Debt securities - FVTPL – 59,452 10,0 0, 0 – – 10,059 ans and adv nces 33,801,296 3 ,592,119 22 ,403,471 84 ,9 6,236 – 1,131,733 e from related compani s 290, 1 878,204 5, 38,398 – 16,670,748 23,078 tal a sets 407,883,0 3 50,890,999 321,004,752 878,82 ,957 16,670,748 1,675,278 posits 813, 55,468 17,557,387 ,667,554 36,416,656 – 1,524,797 imbursable sh res – – – – 27,361,694 27,361 her liabilities 228,406 5 0,168 620,584 – 12,998,082 14,3 7 tal liab lities 813,383,874 118,057,555 5 8,2 8,138 36,416,656 40,359,776 1, 66,50 erest ra e gap (405,500,841) (67,166,556) (237,283,386) 842, 12,301 (23,689,028) 108,772 os Public Workers’ Co- perative Credit Union Limited he S parat Fin ncial Statements 2025 n Barbados dollars) 8 cial risk management …continued t risk …continued ra e risk…continued 2024 Up to 3 months $ Within 3 - 12 onths Wit in - 5 years Over 5 ars Non-interest bearing Total $ source 373,60 398 11, 83 498 63,217 792 – 448,504 688 l investm nts t securities - amo tised cost – 6,101 392 16,684 330 9,717 102 – 32,50 824 uritized Depos t- amortised 187,42 576,334 ,460 7 1 25,17 619 – 29,400 141 t securities - FVTPL – 59,4 2 10,00 – 10,059 4 2 nd adv ces 33,801 296 31,592 119 222,403 71 8 3,936 2 – 1,13 7 3 122 m relat d compani s 290,912 878,204 5,238 39 – 16,670 748 23,078 262 ssets 407,883 03 50, 9 9 9 321,004 752 8 8, 2 957 16,670 748 1 675 2 8 489 s 813,155 468 117,55 38 557,66 554 36,41 65 – 1,524 797 065 ursable shares – 27,361 694 27,361 694 abi ties 228,406 500,168 62 ,584 – 12,998 082 14,347 2 0 abilities 813,38 874 118,057 5 5 8,28 13 36,41 65 40,359 776 1,566 05 999 at gap (405,5 0 841) (67,1 6 55 ) (237, 83 3 6) 842,41 301 (23,689 028) 10 ,772 490 Public Worke s’ Co-operativ Credit Un on L m ted eparate Financial S ateme s 5 bados doll rs) 80 r sk manage e t …continued k…continued i k …con inu d 2024 Up to 3 months $ Wi hin 3 - 12 months $ W thin 1 - 5 years $ Over 5 years $ Non-inte est b ing $ Tot l $ ces 373,603,398 11,683,498 63,217,792 – – 448,504,68 vestmen s uritie - amortised c t – 6,101,392 16,684,330 9,717,102 – 32,502,824 ed D pos - amort sed 187,42 576,334 3,460,7 1 25,175,619 – 29,400,141 uritie - FVTPL – 59,4 2 10,000,0 – – 10,059,452 dvances 33,801,296 31,592,119 222,40 ,471 843,936,2 6 – 1,131,733 122 lated companies 290,912 878, 04 5,238,398 – 16,670,748 23,078 262 407,883,03 5 ,89 ,9 9 321, 04,752 878,828,957 16,670, 48 1,6 5,278 489 813,155,468 117, 5 ,38 557,667,554 36,41 ,65 – 1,524,797 065 le shares – – – – 27,361,694 27,361 694 ties 228,406 500,168 620,584 – 12,998,08 14,347 240 ties 813,383,874 118,057,5 5 558,28 ,13 36,41 ,65 40,359,776 1,566,505 999 g p (405,500,841) (67,166,556) (237,283,3 6) 842,412,301 (23,689,028) 108,772 490 blic Workers’ Co-op ative Credit Union L m ted ate Financial Statemen s os oll rs) 80 manage e t …continued ontinued k …con inued 2024 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Total $ 373,60 , 98 11,6 498 63,217 792 – – 448,504 68 ments es - amortised cost – 6,101 392 6, 84 330 9,717 102 – 32,50 824 eposit- amo tised 187,42 5 6,334 3,460 7 1 25,17 619 – 29,400 141 es - FVTPL – 59,4 2 10,00 – – 10,059 4 2 ces 33,801,296 31,59 119 2 2,403 71 843,936 2 – 1,13 ,7 3 22 d companies 290,912 878,204 5,238 39 – 16,670 748 23,0 8 262 407,883,03 50,89 9 9 321,004 752 878, 957 16,6 0 748 ,675,2 8 489 813,155,468 117,55 38 57,66 5 4 3 ,41 65 – 1, 24,797 065 ar s – – – – 27,361 694 27,3 1 94 228,406 500,168 20,584 – 12,998 08 14,347 2 0 813,38 , 74 118,057 5 5 8,28 13 36,41 65 40,359 776 1,566, 05 999 (405,5 0,841) (67,1 6,55 ) (237, 83,386) 4 ,41 ,301 ( 3,689 0 8) 10 ,772 490
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