CAPITA FINANCIAL SERVICES INC. (ST. LUCIA BRANCH) Notes to the Financial Statements March 31, 2024 (expressed in Eastern Caribbean dollars) 49 20 Financial Risk Management ...continued Currency risk ...continued 2023 Eastern Caribbean $ Barbados $ Total $ Assets: Cash resources 5,197,502 – 5,197,502 Loans and advances 23,926,043 5,789,959 29,716,002 Due from related company – 675,567 675,567 Other assets 310,703 – 310,703 Total Financial Assets 29,434,248 6,465,526 35,899,774 Liabilities: Customer deposits 32,438,101 – 32,438,101 Loans payable 1,653,084 – 1,653,084 Other liabilities 223,444 – 223,444 Total Financial Liabilities 34,314,629 – 34,314,629 Liquidity risk Liquidity risk is the risk that the Branch is unable to meet its payment obligations associated with its financial liabilities when they fall due and to replace funds when they are withdrawn. The consequence may be the failure to meet obligations to repay depositors and fulfil commitments to lend.
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