JPSCU AR 2018 finan web

NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31st December 2018
(Expressed in Jamaican Dollars unless otherwise indicated)
4. Financial Instruments and Financial Instruments Risk Management cont'd:
c) Market Risk (cont'd)
ii) Interest rate risk (cont'd)
LIABILITIES:
Interest-Bearing Liabilities
Within 1 1 to 3 3 to 12 1 to 5 Over 5 Non-rate
Month Months months years Years Sensitive Total
$ $ $ $ $ $ $
Members' Voluntary Share
Capital 189,378,174 252,504,232 315,630,290 353,505,925 151,502,540 - 1,262,521,161
Savings Deposits - 82,673,473 591,455,774 904,193,311 362,804,428 - 1,941,126,986
189,378,174 335,177,705 907,086,064 1,257,699,236 514,306,968 - 3,203,648,147
Non Interest-Bearing Liabilities
External credits - - 13,120,062 - - - 13,120,062
Payables 2,341,332 11,240,303 21,098,854 - - - 34,680,489
Accruals - - 17,292,930 - - - 17,292,930
2,341,332 11,240,303 51,511,846 - - - 65,093,481
Capital and Reserves - - - - - 965,275,214 965,275,214
TOTAL LIABILITIES AND
CAPITAL 191,719,506 346,418,008 958,597,910 1,257,699,236 514,306,968 965,275,214 4,234,016,842
Net Interest Rate Gap 565,863,023 (198,121,624) (396,556,568) 557,510,125 232,677,309 (756,544,451) 4,827,814
Cumulative Interest Rate
565,863,023 367,741,399 (28,815,169) 528,694,956 761,372,265 4,827,814 9,655,628
Gap
Within 1 1 to 3 3 to 12 1 to 5 Over 5 Non-rate
Month Months Months Years Years Sensitive Total
$ $ $ $ $ $ $
Total Assets 612,589,943 542,160,735 433,838,135 1,693,409,767 651,421,946 202,488,432 4,135,908,958
Total Liabilities & Capital 32,689,396 189,153,845 746,356,811 1,940,790,339 380,116,646 934,521,185 4,223,628,221
Net Interest Rate Gap 579,900,547 353,006,890 (312,518,675) (247,380,572) 271,305,300 (732,032,753) -
Cumulative Interest Rate Gap 579,900,547 932,907,437 620,388,762 373,008,190 644,313,489 (87,719,263) (87,719,263)
37 Annual Report 2018