69
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
CONSOLIDATED ANNUAL REPORT 2015
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)
58
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:
2014
Up to
Within
Within
Over
Non-interest
3 months
3-12 months
1-5 years
5 years
bearing
Cash resources
$
54,399,903
57,686,650
6,615,562
-
3,925,828
Financial investments
-
7,348,091
6,429,118
9,800,000
2,107,517
Loans and advances
17,998,638
26,486,549
217,272,682
563,391,255
-
Other assets
-
-
-
-
5,718,238
Total assets
72,398,541
91,521,290
230,317,362
573,191,255
11,751,583
Liabilities
Deposits
446,337,560
105,556,359
261,032,948
26,125,028
-
Loans payable
4,495,688
2,489,103
16,844,938
40,136,415
-
Reimbursable shares
-
-
-
-
5,351,432
Other liabilities
5,740,183
-
-
-
6,213,876
Total liabilities
456,573,431
108,045,462
277,877,886
66,261,443
11,565,308
Interest rate gap
$ (384,174,890) (16,524,172) (47,560,524) 506,929,812
186,275
2014
Up to
Within
Within
Over Non-interest
3 months 3-12 months 1-5 years 5 years bearing Total
Assets
Cash resources
$ 54,399,903 57,686,650 6,615,562
-
3,925,828 122,627,943
Financial investments
-
7,348,091 6,429,118 9,800,000 2,107,517 25,684,726
Loans and advances
17,998,638 26,486,549 217,272,682 563,391,255
-
825,149,124
Other assets
-
-
- -
5,718,238 5,718,238
Total assets
72,398,541 91,521,290 230,317,362 573,191,255 11,751,583 979,180,031
Liabilities
Deposits
446,337,560 105,556,359 261,032,948 26,125,028
-
839,051,895
Loans payable
4,495,688
2,489,103 16,844,938 40,136,415
-
63,966,144
Reimbursable shares
-
-
-
-
5,351,432 5,351,432
Other liabilities
5,740,183 -
- -
, 13,876 11,954,0 9
Total liabili ies
456,573,431 108,045,462 277,877,886 6 ,261,443 11,565,308 920,323,530
Interest rate gap
$ (384,174,890) (16,524,172) (47,560,524) 506,929,812 186,275 58,856,501
