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A30
A30
| FInAnCIAL RISk MAnAGEMEnT|
Unit Trust Corporation Annual Report 2012
Trinidad and Tobago Unit Trust Corporation
Notes
to the Consolidated
Financial Statements
FOR THE YEAR ENDED
31 DECEMBER, 2012
Expressed in
Trinidad and Tobago dollars
Less than 1 Between 1 Over 5 Non-Interest
Total
year and 5 years years Bearing
$’000 $’000 $’000 $’000 $’000
At 31 December, 2012
Assets
Cash & Cash Equivalents 615,584 - - - 615,584
Money Market Instruments 88,737 - - - 88,737
Fixed Income Securities 1,646,668 - 18,066 - 1,664,734
Equities & Mutual Funds -
-
- - 391,782 391,782
Liabilities -
Financial Instruments (1,577,918) - - - (1,577,918)
Other Liabilities (5,701) (7,886) (2,459) - (13,587)
Rate Re-pricing Position 767,370 (7,886) 15,607 391,782 1,166,873
Less than 1
year
Between 1
and 5 years
Over 5
years
Non-Interest
Bearing
$’000 $’000 $’000 $’000 $’000
At 31 December, 2011
Assets
Cash & Cash Equivalents 308,035 - - - 308,035
Money Market Instruments 52,510 - - - 52,510
Fixed Income Securities 2,276,887 22,696 - - 2,299,583
Equities & Mutual Funds - - - 304,425 304,425
Liabilities
Financial Instruments (2,458,816) - (3,810) - (2,462,626)
Other Liabilities - (7,805) - - (7,805)
Rate Re-pricing Position 178,616 14,891 (3,810) 304,425 494,122
Given the above rate re-pricing profile, a change in short term market rates of interest
of 1% effective from 31 December, 2012 would have modified net interest income over
the coming twelve months by an estimated TT$1.8 million (2011: TT$4.2 million) with all
other variables held constant.
Total