(Jamaica) Limited - FirstCaribbean International Bank

notes to the Financial Statements
Year Ended 31 October 2009
(Expressed in Jamaican dollars unless otherwise indicated)
35. Financial Risk Management (Continued)
(h) Cash flow and fair value interest rate risk (continued)
The Bank
Immediately
Rate Within 3 3 to 12 1 to 5 Over 5 non Rate
Sensitive (1) Months Months Years Years
(2&3)
Sensitive Total
$’000 $’000 $’000 $’000 $’000 $’000 $’000
As at 31 October 2008
Cash and balances with
Central Bank 812,413 1,937,776 3,525,000 – – 1,892,824 8,168,013
Due from other banks – 4,674,153 806,738 – – 506,526 5,987,417
Derivative financial
instruments – – – – – – –
Other assets – – – – – 1,389,154 1,389,154
Investment securities – 857,836 50,728 20,000 161,700 375,264 1,465,528
Government securities
under reverse
repurchase agreements – 44,441 11,170 – – – 55,611
Loans and advances
to customers 2,249,827 2,215,818 3,937,652 6,120,078 13,402,318 – 27,925,693
Property and equipment – – – – – 547,867 547,867
Retirement benefit asset – – – – – 806,060 806,060
Total assets 3,062,240 9,730,024 8,331,288 6,140,078 13,564,018 5,517,695 46,345,343
Customer deposits 7,342,855 22,355,158 8,625,932 171,448 247,185 – 38,742,578
Debt securities in issue – – 499,950 – – – 499,950
Other liabilities – – – – – 547,651 547,651
Taxation payable – – – – – 204,479 204,479
Derivative financial
instruments – 210,858 – – – – 210,858
Deferred tax liabilities – – – – – 182,756 182,756
Retirement benefit
obligation – – – – – 54,720 54,720
Total liabilities 7,342,855 22,566,016 9,125,882 171,448 247,185 989,606 40,442,992
Total interest rate
sensitivity gap (4,280,615) (12,835,992) (794,594) 5,968,630 13,316,833 4,528,089 5,902,351
Cumulative gap (4,280,615) (17,116,607) (17,911,201) (11,942,571) 1,374,262 5,902,351 –
As at 31 October 2007
Total interest rate
sensitivity gap (69,149) (11,594,065) (4,486,321) 6,386,254 10,405,275 4,513,613 5,155,607
Cumulative gap (69,149) (11,663,214) (16,149,535) (9,763,281) 641,994 5,155,607 –
(1)
This represents those financial instruments whose interest rates change concurrently with a change in the
underlying interest rate basis, for example base rate loans.
(2)
This includes financial instruments such as equity investments.
(3)
This includes non-financial instruments.
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