BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
CONSOLIDATED ANNUAL REPORT 2015
68
BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED
Notes to the Consolidated Financial Statements
For the year ended March 31, 2015
(Expressed in Barbados dollars)
57
25. Financial Risk Management…(continued)
25.4 Market risk…(continued)
Interest rate risk
A summary of the Groupʼs interest rate gap position is as follows:
2015
Up to
Within
Within
Over
Non-interest
3 months
3-12 months
1-5 years
5 years
bearing
Assets
Cash resources
$
66,903,483
16,985,915
19,218,200
1,488,980
4,175,828
1
Financial investments
2,082,500
5,714,239
8,004,503
13,150,000
2,033,220
Loans and advances
17,451,443
28,850,836
213,952,597
645,804,655
-
9
Other assets
-
-
-
-
6,383,058
Total assets
86,437,426
51,550,990
241,175,300
660,443,635
12,592,106
1,
Liabilities
Deposits
480,508,713
114,971,690
287,900,537
31,931,000
-
9
Loans payable
779,448
2,345,924
15,349,402
33,560,168
-
Reimbursable shares
-
-
-
-
6,700,221
Other liabilities
5,498,287
-
-
-
4,525,210
Total liabilities
486,786,448
117,317,614
303,249,939
65,491,168
11,225,431
9
Interest rate gap
$ (400,349,022) (65,766,624) (62,074,639) 594,952,467
1,366,675
2015
Up to
Within
Within
Over Non-interest
3 months 3-12 months 1-5 years 5 years bearing Total
Assets
Cash resou ces
$ 66,903,483 16,985,915 19,218,200
,488,980 4 175 828 108,772,406
Financial i vestments
2,082,500
5,714,239 8,004,503 13,1 ,000 2 033 22 30,984,46
Loans and advances
17,451,443 28,850,836 213,952,597 64 ,804,655
-
906,059,531
Other assets
-
- - -
6,383,058 6,38 ,058
Total assets
86,437,426 51,550,990 241,175,300 660,443,635 12,592,106 1,052,199,457
Liabilities
Deposits
480,508,713 114,971,690 287,900,537 31,931,000
-
915,311,940
Loans payable
779,448
2,345,924 15,349,402 33,560,168
-
52,034,942
Reimbursable shares
-
-
-
-
6,700,221 6,700,221
Other liabilities
5,498,287 - - -
4,525,210 10,023,497
Total liabilities
486,786,448 117,317,614 303,249,939 65,491,168 11,225,431 984,070,600
Interest rate gap
$ (400,349,022) (65,766,624) (62,074,639) 594,952,467 1,366,675 68,128,857
