CAPITA FINANCIAL SERVICES INC. (ST. LUCIA BRANCH) Notes to the Financial Statements March 31, 2024 (expressed in Eastern Caribbean dollars) 48 20 Financial Risk Management ...continued Currency risk Currency risk arises when future commercial transactions, recognised assets and liabilities are denominated in a currency that is not the Branch’s functional currency. The Branch is exposed to foreign exchange risk primarily with respect to Barbados dollars. Management monitors economic and political conditions in the countries in which it operates for risks of currency fluctuations. 2024 Eastern Caribbean $ Barbados $ Total $ Assets: Cash resources 5,511,967 – 5,511,967 Loans and advances 25,232,067 5,420,505 30,652,572 Due from related company – 1,325,266 1,325,266 Other assets 268,658 – 268,658 Total Financial Assets 31,012,692 6,745,771 37,758,463 Liabilities: Customer deposits 34,128,072 – 34,128,072 Loans payable 1,587,530 – 1,587,530 Other liabilities 260,796 – 260,796 Total Financial Liabilities 35,976,398 – 35,976,398
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