105 SEPARATE FINANCIAL STATEMENTS 2026 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2026 (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: 2026 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Cash resources 435,674,316 12,462,284 65,136,283 – – Financial investments Debt securities - amortised cost – 1,437,640 47,255,749 32,737,598 – Securitized Deposit- amortised – 357,843 – 25,428,964 – cost Debt securities - FVTPL – 59,452 10,000,000 – – Loans and advances 33,110,894 21,774,818 196,958,506 898,032,858 – Due from related companies 310,631 931,894 2,899,227 – 17,843,111 Total assets 469,095,841 37,023,931 322,249,765 956,199,420 17,843,111 Deposits 900,649,529 138,615,723 575,907,790 33,724,643 – Reimbursable shares – – – – 35,237,989 Other liabilities 23,963 36,951 12,948 – 16,280,468 Total liabilities 900,673,492 138,652,674 575,920,738 33,724,643 51,518,457 Interest rate gap (431,577,651) (101,628,743) (253,670,973) 922,474,777 (33,675,346 bados Public Workers’ C -operative Credit Union Limited to the Separate Financial S atements h 31, 2026 sed in Barbado dollars) nancial risk management …continued arket risk …continued terest rate risk …continued summary of the Credit Union’s interest rate gap position is as foll ws: 2026 Up to 3 months $ Within 3 - 12 months $ W thin 1 - 5 years $ Over 5 years $ Non-int est bearing $ T sh resources 435,674,316 12,462,284 65,136,283 – – 513,272 nancial investments Debt securities - amortised co t – 1,437,640 47,255,749 32,737,598 – 81,430 Securitized Deposit- amortised – 357,843 – 25,428,964 – 25,786 cost Debt securities - FVTPL – 59,452 10,000,000 – – 10,059 ans and advances 33,110,894 21,774,818 196,958,506 898,032,858 – 1,149,877 ue from related companies 310,631 931,894 2,89 ,227 – 17,843,111 21 984 otal assets 469,095,841 37,023,931 322,249,765 956,199,420 17,8 3,111 1 802 412 eposits 900,649,529 138,615,723 575,907,790 33,724,643 – 1,648,897 imbursable shares – – – – 35,237,989 35 237 her liabilities 23,963 3 ,951 12,948 – 16,280,468 16 354 otal liabilities 900,673,492 138,652,674 575,920,738 33,724,643 51,518,457 700 490 erest rate gap (431,577,651) (101,628,743) (253,670,973) 922,474,777 (33,6 5,346) 101 922 Barbados Public Workers’ Co-operative Cr dit Union Limited Notes to he Separate Financial Statemen s March 31, 2026 (expressed in Barb dos dollar ) 23 Financial risk a agement …continued Market ris …continued Inte est rate risk …continued A summary of the Credit Union’s interest rate gap positi n is as follows: 2026 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Cash resourc 435,674,31 12,462,28 65,136,283 – – Financial investment Debt securities - amor ised cost – 1,437,640 47,255,749 32,737,598 – Securitized Deposit- amor ised – 357,84 – 25,428,96 – cost Debt securities - FVTPL – 59,452 10,000,0 – – Loans and advances 33,110,894 21,774,8 8 196,958,506 98,032,858 – Due from related companies 310,631 931,894 2,899,2 7 – 17,843,111 Total assets 469,095,841 37,023,9 1 322,249,76 956,19 ,420 17,843,111 Deposits 900,649,529 138,615,723 575,907,790 33,724,643 – Reimbursable sh res – – – – 35,237,989 Other liabilities 23,963 36,951 12,948 – 16,280,468 Total liabilities 900,673,492 138,652,674 575,920,738 33,724,643 1,518,457 Interest rate gap (431,577,651) (101,628,743) (253,670,973) 922,474,777 (33,675,34 ) B rbados Public Workers’ Co- perative Credit Union Limited Notes to he Separate Financi l Statements March 31, 2026 xpressed in Barbados dollars) 3 Fina cial risk management …conti ued Market risk …conti ued Interest rate risk …conti ued A summary of the Credit Unio ’s interest ra e gap position is as follows: 2026 Up to 3 months $ Within 3 - 12 months $ With n 1 - 5 years $ Over 5 years $ Non-i terest bearing $ Cash esources 435,674,316 2,462,284 5,136,283 – – 5 Financial nvestments Debt securities - amortised cost – 1, 37,640 7,255,749 32,737,598 – Securitized Deposit- amorti ed – 357,843 – 25,428,964 – cost Debt securities - FVTPL – 59,452 10, 0, 00 – – Loans and a vances 33,110,894 21,774,818 196, 58, 06 898,032,858 – 1,1 Due from related companies 10,631 31,894 2,899,227 – 17,843,111 Total asset 469,0 5,841 7,023,931 322, 49,765 56,199,420 17,843,111 1,8 Deposits 900,649,529 38,615,723 5 5, 07,790 33,724,643 – 1,6 Reim ur able ha es – – – – 35,237,989 Other l abiliti s 23,963 36,951 12,948 – 16,280,468 Total liabilit es 900,673,492 138,652,674 5 5,920,738 3,724,643 51, 8,457 1,7 Inter st ra e gap (431, 77,651) (10 ,628,743) (25 ,670,973) 22,4 4, 77 (33,675,346) 1 rbados Public Workers’ Co-operative Cr d t Union Limited s o he S parat Financial S atem n s ch 31, 2026 ess d in Barbados llars) Financial risk management …continued Market risk …continued nt rest rate risk …continued A summary of the Credit Union’s i t rest rate gap position s s follows: 2026 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Cash resources 435,674, 1 12,46 ,28 65,136,283 – – 513,2 Financial investme t Debt securities - amortised cost – 1,437,640 47,255,749 32,737,598 – 81,4 Securitized Deposit- amortised – 357,84 – 25,428,96 – 25,7 cost Debt securities - FVTPL – 59,452 1 ,00 ,0 – – 1 ,0 Loans a d advances 33,110,894 21,774,818 196,958,506 898,032,858 – ,149,8 Due from related companies 310,631 931,894 2,899,2 7 – 17,843, 11 21,9 Total asset 469,095,841 37,023,931 32 ,249,765 956,199,420 17,843, 11 1,802,4 Deposits 900,649,529 138,615,723 575,90 , 90 33,724,643 – 1,64 ,8 Reimbursable sh res – – – – 35,237,989 35,2 Other liabilities 23,96 36,951 12,948 – 16,280,4 8 16,3 Total li bilities 900,673,492 138,652,674 575,920, 38 33,724,643 51,518,457 1,700,4 nt rest rate gap (431,577,651) (101,628,743) (253,670,973) 922,4 4,777 (33,675, 46) 101,9 dos Public Workers’ Co-operative Credit Un on Lim ted the Separate Financial St teme ts 1, 20 6 d in Barbados ollars) ci l risk man gement …conti ued ket risk …conti ued est rat risk …conti ued mmary of the Credit Union’s i terest ate gap position is as foll w : 20 6 Up to 3 months $ Within 3 - 12 months it in 1 - 5 years Over 5 e s Non-inter st bearing To resources 435,674 316 12,46 284 65,136 3 – – 513,272 8 ci l i vestme ts ebt securitie - amortised cost – 1,437 640 47,255 7 9 32,7 7 598 – 81,430 9 ecuritized D posit- am rtised – 357,843 – 25,4 8 964 – 25,786 ost ebt securities - FVTPL – 59,4 2 10,00 – 10,059 4 s nd vances 33,110 894 21,774 18 196,958 506 89 ,032 858 – 1,149 877 0 from related compani s 310,631 931,894 2,899 227 – 17,843 1 1 21,984 l ssets 469,095 841 37,023 931 322,249 765 956,199 420 17,843 111 1,802 41 0 osit 900,649 52 138,615 723 5 ,907 90 33,724 643 – 1,648 897 mbursabl shares – – 35,2 7 989 35,2 7 9 r liabi t es 23,96 36, 51 12, 48 – 16,280 468 16,35 l liabi ities 900,673 492 138, 52 74 57 ,920 738 3 ,724 643 51,518 457 1,700 49 0 es rat gap (431,577 651) (10 ,628 743) (253,670 9 3) 922,4 4 7 7 (33,675 346) 10 ,922 0 s Public Workers’ C -operative Cr di Union Lim ted Separat Financial S ateme s 026 Barbado doll rs) 80 al r sk manage e t …continued isk…continued ate isk …con inu d ry of the Credit Union’s i tere t ate gap position is a f llows: 2026 Up to 3 months $ Within 3 - 12 months $ W thin 1 - 5 years $ Over 5 years $ Non-int est bearing $ Total $ urces 435,674 16 12, 6 284 65,136 283 – – 513,272,883 i vestment curi ies - amortised cost – 1,437 640 47,255 749 32,7 598 – 81,430,987 tiz d Deposit- amor ised – 357,843 – 25,4 8 964 – 25,786,807 curi ies - FVTPL – 59,4 2 10,00 – – 10,059,4 2 d advances 33,110 894 21,774 8 8 96,958 506 898,032 8 8 – 1,149 877,0 6 related companies 310,631 931,894 2,899 227 – 17,843 111 2 984,863 ets 469,095 841 37,023 931 22,249 765 9 6,199 420 17,843 11 1 02 4 2, 68 900,649 52 138,615 723 575,907 790 33,724 643 – 1,648 897,6 5 able sh res – – – – 35,2 7 989 5 237,98 bi ties 23,96 3 ,951 12,948 – 16,280 468 1 354, 30 bi ties 900,673 492 138,652 4 575,920 738 33,724 643 51,518 457 00 90, ate gap (431,577 651) (101,628 743) (253,670 9 3) 922,474 7 7 (33,675 346) 101 922, 64 ublic Workers’ Co-op rative Credit Unio L m t arate Financial Statements ados doll rs) 80 k management …ontinued …continu d isk …continued the Credi Union’s interes rate gap po ition i as follows: 2026 Up to 3 months $ Within 3 - 12 months $ Within 1 - 5 years $ Over 5 years $ Non-interest bearing $ Total s 435,674 316 12,46 284 5,136 83 – – 513,272,883 stments ities - amortis d cost – 1,437 640 47,255 49 32, 7 98 – 81,430,987 Deposit- amortised – 357,843 – 25,4 8 964 – 25,786,807 ities - FVTPL – 59,4 2 10,00 – – 10,059,4 2 v ces 33,110 894 21,774 818 96,958 506 898,032 58 – 1,149,877,0 6 ted compani s 310,631 931,894 2,899 227 – 17,843 111 2 ,984,863 469,095 841 37,023 931 22,249 765 9 6,199 4 0 17,843 111 1 802,412,068 900,649 52 138,615 723 575,907 790 3,724 643 – 1,648,897,685 shares – – – – 35,2 7 989 35,237,989 es 23,96 6,951 2,948 – 16,280 468 16,354, 30 es 900,673 492 138,652 674 575,920 7 33,724 643 51,518 57 1 00,490,004 p (431,577,651) (101,628, 43) (253,670,9 3) 922,474 777 ( 3,675 346) 101,922,064
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