CAPITA FINANCIAL SERVICES INC. (ST. LUCIA BRANCH) Notes to the Financial Statements March 31, 2024 (expressed in Eastern Caribbean dollars) 52 20 Financial Risk Management ...continued Liquidity risk management approach ...continued 2023 Total $ Within 3 months $ Between 3 months to 1 year $ Between 1 to 5 years $ Over 5 years $ Assets Cash resources 5,197,502 4,661,742 535,760 – – Loans and advances to customers 40,869,424 2,907,734 2,726,293 14,479,988 20,755,409 Due from related company 675,567 675,567 – – – Other assets 310,703 310,703 – – – Total assets 47,053,196 8,555,746 3,262,053 14,479,988 20,755,409 Liabilities Customer deposits 32,438,101 12,740,087 19,185,092 512,922 – Loans payable 1,653,084 – – – 1,653,084 Other liabilities 223,444 223,444 – – – Total liabilities 34,314,629 12,963,531 19,185,092 512,922 1,653,084 Net liquidity gap (4,407,785) (15,923,039) 13,967,066 19,102,325 Capital management The Head Office is required to hold capital for the Branch. The regulatory capital required is monitored and reported to the Central Bank of Barbados on a quarterly basis.
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