JPSCU AR 2018 finan web
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NOTES TO THE FINANCIAL STATEMENTS<br />
For the year ended 31st December <strong>2018</strong><br />
(Expressed in Jamaican Dollars unless otherwise indicated)<br />
4. Financial Instruments and Financial Instruments Risk Management cont'd:<br />
c) Market Risk (cont'd)<br />
The following table summarises the interest rate gap and the cumulative interest rate gap of the Credit Union analysing its assets and liabilities into periodical interest<br />
rate movements:<br />
ii) Interest Rate Risk (cont'd)<br />
Within 1 1 to 3 3 to 12 1 to 5 Over 5 Non-rate<br />
Month Months Months Years Years Sensitive Total<br />
$ $ $ $ $ $ $<br />
ASSETS<br />
Earning Assets<br />
Liquid Assets 369,425,994 57,519,415 440,368,903 78,588,210 - - 945,902,522<br />
Loans to Members 343,728,436 84,389,714 19,395,685 1,490,621,151 713,612,130 - 2,651,747,116<br />
Financial Investments - 93,123,745 246,000,000 33,372,147 62,272,334 434,768,226<br />
Investment Property - - - - - 13,973,347 13,973,347<br />
713,154,430 141,909,129 552,888,333 1,815,209,361 746,984,277 76,245,681 4,046,391,211<br />
Non-Earning Assets<br />
Liquid Assets<br />
Cash in hand and at bank 30,954,679 - - - - - 30,954,679<br />
Other Assets<br />
Receivables 13,473,420 6,387,255 9,153,009 - - - 29,013,684<br />
44,428,099 6,387,255 9,153,009 - - - 59,968,363<br />
Property, Plant & Equipment - - - - - 81,693,082 81,693,082<br />
Retirement Benefit Asset - - - - - 50,792,000 50,792,000<br />
- - - - - 132,485,082 132,485,082<br />
TOTAL ASSETS 757,582,529 148,296,384 562,041,342 1,815,209,361 746,984,277 208,730,763 4,238,844,656<br />
JPS & Partners Co-operative Credit Union 36
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