BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
CONSOLIDATED ANNUAL REPORT 2016
70
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)
58
25. Financial Risk Management,
continued
25.4 Market risk,
continued
Interest rate risk,
continued
A summary of the Group’s 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
Total
Assets
Cash resources
$ 56,129,189
27,760,209
19,218,200
1,488,980
4,175,828 108,772,406
Financial investments
2,082,500
5,714,239
8,004,503
13,150,000
2,033,220
30,984,462
Loans and advances
17,451,443
28,850,836 213,952,597 645,804,655
-
906,059,531
Other assets
-
-
-
-
6,383,058
6,383,058
Total assets
75,663,132
62,325,284 241,175,300 660,443,635
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
$ (411,123,316)
(54,992,330)
(62,074,639)
594,952,467
1,366,675
68,128,857
