Page 162 - RFHL ANNUAL REPORT 2024_ONLINE

160 Notes to the Consolidated Financial Statements
For the Year Ended September 30, 2024.
Expressed in millions of Trinidad and Tobago dollars, except where otherwise stated.

22. Risk management (continued)
22.3 Liquidity risk (continued)

The Asset/Liability Committee (ALCO) sets targets for daily float, allowable liquid assets and funding diversification in
line with system liquidity trends. While the primary asset used for short-term liquidity management is the Treasury Bill,
the Group also holds significant investments in other Government securities, which can be used for liquidity support.
The Group continually balances the need for short-term assets, which have lower yields, with the need for higher asset
returns.

22.3.1 Analysis of financial liabilities by remaining contractual maturities
The table below summarises the maturity profile of the Group’s financial liabilities at September 30 based on
contractual undiscounted repayment obligations, over the remaining life of those liabilities. These balances
include interest to be paid over the remaining life of the liabilities and will therefore be greater than the carrying
amounts on the Consolidated statement of financial position. Refer to Note 28 for a maturity analysis of assets
and liabilities.

Financial liabilities - on Consolidated statement of financial position
On Up to one 1 to 5 Over 5
2024 demand year years years Total

Due to banks 428 35 – – 463
Customers’ current, savings
and deposit accounts 80,046 13,603 2,326 1,070 97,045
Other fund raising instruments – 2,800 771 – 3,571
Debt securities in issue – 59 292 1,353 1,704
Lease liabilities – 157 235 479 871
Other liabilities 732 359 74 123 1,288

Total un-discounted financial
liabilities 81,206 17,013 3,698 3,025 104,942

2023

Due to banks 295 3 – – 298
Customers’ current, savings
and deposit accounts 77,448 11,001 2,002 – 90,451
Other fund raising instruments – 2,961 752 – 3,713
Debt securities in issue – 605 1,217 45 1,867
Lease liabilities 5 104 172 260 541
Other liabilities 625 284 79 66 1,054

Total un-discounted financial
liabilities 78,373 14,958 4,222 371 97,924