BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2016
69
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)
54
24. Financial Risk Management,
continued
Market risk,
continued
Interest rate risk
,
continued
2015
Up to
Within
Within
Over
Non-interest
3 months 3-12 months
1-5 years
5 years
bearing
Total
Cash resources
$ 44,940,484 29,615,243 19,216,995
-
-
93,772,722
Financial investments – Held-to-maturity
2,082,500 5,646,962 7,109,000 11,000,000
-
25,838,462
Loans and advances
14,231,946 25,200,556 190,162,891 516,901,546
-
746,496,939
Due from related companies
-
-
-
-
17,425,274 17,425,274
Other assets
-
-
-
-
3,937,049
3,937,049
Total assets
$ 61,254,930 60,462,761 216,488,886 527,901,546 21,362,323 887,470,446
Deposits
$ 431,817,993 55,072,201 256,421,519 31,804,572
-
775,116,285
Loans payable
765,343 2,332,256 13,298,434 17,049,099
-
33,445,132
Reimbursable shares
-
-
-
-
6,700,221
6,700,221
Other liabilities
-
-
-
-
7,418,620
7,418,620
Total liabilities
432,583,336 57,404,457 269,719,953 48,853,671 14,118,841 822,680,258
Interest rate gap
$ (371,328,406)
3,058,304 (53,231,067) 479,047,875 7,243,482 64,790,188
