REPUBLIC BANK LIMITED
50
ConsolidatedStatement of Financial Position
As at September 30, 2014. Expressed in thousands of Trinidad and Tobago dollars ($’000)
Notes
2014
2013
As at Oct 1
(Restated)
2012
(Restated)
ASSETS
Cash and cash equivalents
565,225
526,383
486,893
Statutory deposits with Central Banks
4,834,456
4,332,600
3,972,810
Due from banks
8,345,146
9,237,076
7,224,545
Treasury Bills
5,905,053
5,723,076
4,806,156
Investment interest receivable
72,136
65,487
78,503
Advances
4
27,095,407
25,235,517
23,317,199
Investment securities
5
8,260,382
8,131,047
7,788,049
Investment in associated companies
6
345,942
445,377
207,162
Premises and equipment
7
1,573,503
1,584,014
1,558,285
Goodwill
8
300,971
485,971
485,971
Pension assets
9
1,299,725
1,292,988
1,264,920
Deferred tax assets
10
184,154
142,973
131,000
Taxation recoverable
49,607
47,034
49,782
Other assets
11
539,809
362,822
255,015
TOTAL ASSETS
59,371,516
57,612,365
51,626,290
LIABILITIES AND EQUITY
LIABILITIES
Due to banks
69,957
73,349
84,506
Customers’ current, savings and deposit accounts
12
43,770,760
42,098,310
37,090,139
Other fund raising instruments
13
3,357,833
3,404,974
2,691,762
Debt securities in issue
14
1,066,802
1,229,058
1,240,547
Pension liability
9
57,275
50,337
56,609
Provision for post-retirement medical benefits
9
423,502
304,850
222,155
Taxation payable
73,043
160,991
104,795
Deferred tax liabilities
10
468,036
492,260
473,014
Accrued interest payable
40,591
51,966
62,898
Other liabilities
15
1,297,394
1,230,236
1,089,515
TOTAL LIABILITIES
50,625,193
49,096,331
43,115,940
EQUITY
Stated capital
16
704,871
649,932
628,150
Statutory reserves
1,202,364
1,068,708
892,652
Other reserves
17
744,363
1,052,182
783,805
Retained earnings
5,785,296
5,449,009
5,539,069
Attributable to equity holders of the parent
8,436,894
8,219,831
7,843,676
Non-controlling interest
309,429
296,203
666,674
TOTAL EQUITY
8,746,323
8,516,034
8,510,350
TOTAL LIABILITIES AND EQUITY
59,371,516
57,612,365
51,626,290
The accompanying notes form an integral part of these consolidated financial statements.
These financial statements were approved by the Board of Directors on November 5, 2014 and signed on its behalf by:
Ronald F. deC. Harford David Dulal-Whiteway William P. Lucie-Smith Jacqueline H.C. Quamina
Chairman
Managing Director
Director
Corporate Secretary
