69
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
CONSOLIDATED ANNUAL REPORT 2016
BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED
Notes to the Consolidated Financial Statements
For the year ended March 31, 2016
(Expressed in Barbados dollars)
57
25. Financial Risk Management,
continued
25.4 Market risk,
continued
Interest rate risk
A summary of the Group’s interest rate gap position is as follows:
2016
Up to
Within
Within
Over
Non-interest
3 months
3-12 months
1-5 years
5 years
bearing
Total
Assets
Cash resources
$ 73,065,324
46,374,356
4,028,158
-
4,875,828 128,343,666
Financial investments
79,986
2,471,442
19,970,869
10,102,741
2,405,377
35,030,415
Loans and advances
23,917,100
31,142,146 234,395,420 711,975,322
-
1,001,429,988
Other assets
-
-
-
-
10,649,438
10,649,438
Total assets
97,062,410
79,987,944 258,394,447 722,078,063
17,930,643 1,175,453,507
Liabilities
Deposits
510,870,196 177,981,421 328,560,068
36,383,171
-
1,053,794,856
Loans payable
699,074
2,125,387
13,455,642
24,731,227
-
41,011,330
Reimbursable shares
-
-
-
-
7,165,090
7,165,090
Other liabilities
-
-
-
-
12,716,477
12,716,477
Total liabilities
511,569,270 180,106,808 342,015,710
61,114,398
19,881,567 1,114,687,753
Interest rate gap
$ (414,506,860)
(100,118,864)
(83,621,263)
660,963,665
(1,950,924)
60,765,754
