CAPITA FINANCIAL SERVICES INC. (ST. LUCIA BRANCH) Notes to the Financial Statements March 31, 2024 (expressed in Eastern Caribbean dollars) 46 20 Financial Risk Management ...continued Interest rate risk Interest rate risk arises when there is a mismatch between the size and maturity of interest earning assets and deposit liabilities such that interest rate charges can expose the Branch to earning volatility. Differences in contractual re-pricing or maturity dates and changes in interest rates may expose the Branch to interest rate risk. The table below summarises the Branch’s exposure to interest rate risk on its interest-bearing assets and liabilities: 2024 Total $ Within 3 months $ Between 3 months to 1 year $ Between 1 to 5 years $ Over 5 years $ Non-interest bearing $ Assets Cash resources 5,511,967 1,416,072 – – – 4,095,895 Loans and advances to customers 30,652,572 705,623 1,322,734 8,260,043 17,969,812 2,394,360 Due from related company 1,325,266 – – – – 1,325,266 Other assets 268,658 – – – – 268,658 Total financial assets 37,758,463 2,121,695 1,322,734 8,260,043 17,969,812 8,084,179 Liabilities Customer deposits 34,128,072 13,552,848 18,218,352 2,209,731 – 147,141 Loans payable 1,587,530 – – – 1,587,530 – Other liabilities 260,796 – – – – 260,796 Total financial liabilities 35,976,398 13,552,848 18,218,352 2,209,731 1,587,530 407,937 Total interest Repricing gap (11,431,153) (16,895,618) 6,050,312 16,382,282
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