REPUBLIC BANK ANNUAL REPORT 2015 - page 130

Republic Bank Limited
128
For the year ended September 30, 2015. Expressed in thousands of Trinidad and Tobago dollars ($’000) except where otherwise stated
Notes to theConsolidatedFinancial Statements
4
Financial
21 RISK MANAGEMENT
(continued)
21.4 Market risk
(continued)
21.4.2 Currency risk
(continued)
The principal currencies of the Group’s subsidiary and associated company investments are TTD, USD, GYD, XCD, BDS,
Ghana Cedi (GHS) and Suriname SRD.
The tables below indicate the currencies to which the Group had significant exposure at September 30, on its non-trading
monetary assets and liabilities and its forecast cash flows. The analysis also calculates the effect of a reasonably possible
movement of each currency rate against the Trinidad and Tobago dollar, with all other variables held constant.
TTD
USD
BDS
GHS
Other
Total
2015
Financial assets
Cash and cash equivalents
352,743
186,847
108,247
91,262
191,386
930,485
Statutory deposits with
Central Banks
4,364,178
17,871
464,920
86,771
693,552
5,627,292
Due from banks
2,611,970
3,324,254
8,535
43,291
1,554,945
7,542,995
Treasury Bills
3,485,001
1,200,164
1,476,997
6,162,162
Investment interest
receivable
31,587
26,732
2,479
6,864
6,738
74,400
Advances
20,135,442
4,600,371
4,584,901 1,128,182
2,559,102
33,007,998
Investment securities
3,783,046
3,560,128
436,823
169,720
144,675
8,094,392
Total financial assets
34,763,967 11,716,203
6,806,069 1,526,090
6,627,395 61,439,724
Financial liabilities
Due to banks
386,010
11,846
24,929
131,350
554,135
Customers’ current, savings
and deposit accounts
25,976,898 10,115,620
5,446,552
823,041
7,349,471
49,711,582
Other fund raising
instruments
1,839,374
66,870
333,440
346,885
2,586,569
Debt securities in issue
1,055,029
14,964
122,959
1,192,952
Interest payable
20,743
5,290
7,824
28,502
6,232
68,591
Total financial
liabilities
29,278,054 10,214,590
5,787,816 1,346,316
7,487,053 54,113,829
Net currency risk exposure
1,501,613
1,018,253
179,774
(859,658)
Reasonably possible change
in currency rate (%)
1% 1% 3%
1%
Effect on profit before tax
15,016
10,183
5,393
(8,597)
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