BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2016
68
BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED
Notes to the Non-consolidated Financial Statements
For the year ended March 31, 2016
(Expressed in Barbados dollars)
53
24. Financial Risk Management,
continued
Market risk,
continued
Interest rate risk
,
continued
A summary of the Credit Union’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
Cash resources
$ 49,511,549 48,622,522 4,028,158
-
-
102,162,229
Financial investments – Held-to-maturity
-
2,471,442 17,650,000 8,952,741
-
29,074,183
Loans and advances
18,523,795 29,718,531 211,981,543 557,614,901
-
817,838,770
Due from related companies
-
-
-
-
17,307,614 17,307,614
Other assets
-
-
-
-
5,112,570
5,112,570
Total assets
$ 68,035,344 80,812,495 233,659,701 566,567,642 22,420,184 971,495,336
Deposits
$ 459,528,786 84,320,773 286,521,344 32,528,788
-
862,899,691
Loans payable
699,074 2,125,387 11,224,805 8,234,049
-
22,283,315
Reimbursable shares
-
-
-
-
7,165,090
7,165,090
Other liabilities
-
-
-
-
8,558,025
8,558,025
Total liabilities
460,227,860 86,446,160 297,746,149 40,762,837 15,723,115 900,906,121
Interest rate gap
$ (392,192,516)
(5,633,665) (64,086,448) 525,804,805 6,697,069 70,589,245
