BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED
Notes to the Non-consolidated Financial Statements
For the year ended March 31, 2013
(Expressed in Barbados dollars)
45
24. Financial Risk Management…(continued)
Market risk…(continued)
Interest rate risk
…(continued)
2012
Up to
Within
Within
Over
Non-inte
3 months 3-12 months
1-5 years
5 years
bea
Cash resources
$
27,958,028
62,733,150
-
-
-
Financial investments - Held to maturity
-
208,370
10,459,000
650,000
-
Loans and advances
13,225,510
10,189,774 187,711,536 431,669,846
-
Due from related companies
-
-
-
-
12,841,
Other assets
-
-
-
- 2,318,
Total assets
$ 41,183,538 73,131,294 198,170,536 432,319,846 15,159,
Deposits
$ 414,125,056
69,851,851 141,932,331
20,525,998
-
Loans payable
1,044,467
3,194,556
19,006,389
36,415,595
-
Reimbursable shares
-
-
-
-
4,532,
Other liabilities
-
-
-
- 2,380,
Total liabilities
415,169,523 73,046,407 160,938,720 56,941,593 6,912,
Interest rate gap
$ (373,985,985)
84,887 37,231,816 375,378,253 8,246,
24.Financial Risk Management…(continued)
Market risk…(conti ued)
Interest rate risk
…
(continued)
A summary of the Credit Union’s interest rate gap position is as follows:
2012
Up to
Within
Within
Over Non-interest
3 months 3-12 months 1-5 years
5 years
bearing
Total
Cash resources
$ 27,958,028 62,733,150
-
-
- 90,691,178
Financial investments -
Held to maturity
-
208,370 10,459,000
650,000
- 11,317,370
Loans and advances
13,225,510 10,189,774 187,711,536 431,669,846
- 642,796,666
Due from related companies
-
-
-
- 12,841,112 12,841,112
Other a sets
- - - - 2,318,313 2,318,313
Total assets
$ 41,183,538 73,131,294 198,170,536 432,319,846 15,159,425 759,964,639
Dep sits
$ 414,125,056 69,85 ,851 141,932,3 1 2 ,525,998
- 646,435,236
Loans payable
1,044,467 3,194,556 19,006,389 36,415,595
- 59,661,007
Reimbur able sh res
-
-
-
-
4,532,147 4,532,147
Other liabilities
- - - - 2,380,846 2,380,846
Total liabilities
$ 415,169,523 73,046,407 160,938,720 56,941,593 6,912,993 713,009,236
Interest rate gap
$ (373,985,985) 84,887 37,231,816 375,378,253 8,246,432 46,955,403
54
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
ANNUAL REPORT 2013
