Page 178 - RFHL ANNUAL REPORT 2024_ONLINE
P. 178

176    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.

            28. Maturity analysis of assets and liabilities (continued)

                                                                                    Within       After
                2023                                                              one year     one year      Total

                ASSETS
                Cash on hand                                                          1,417         –        1,417
                Statutory deposits with Central Banks                                 7,781         –        7,781
                Due from banks                                                       7,629          –        7,629
                Treasury Bills                                                       7,808          –       7,808
                Advances                                                             10,804     49,852     60,656
                Investment securities                                                5,897       14,319     20,216
                Investment interest receivable                                        200           9         209
                Investment in associated companies                                       –         69          69
                Premises and equipment                                                  86       3,237       3,323
                Right-of-use assets                                                     17        401         418
                Intangible assets                                                        –        978         978
                Pension assets                                                           –        946         946
                Deferred tax assets                                                     18        335         353
                Other assets                                                          1,065         2        1,067
                Taxation recoverable                                                     3         55          58


                                                                                    42,725      70,203     112,928

                LIABILITIES
                Due to banks                                                           298          –         298
                Customers’ current, savings and deposit accounts                    87,608       2,305      89,913
                Other fund raising instruments                                        2,917       733       3,650
                Debt securities in issue                                               471       1,047       1,518
                Lease liabilities                                                      20         412         432
                Provision for post-retirement medical benefits                           –         41          41
                Taxation payable                                                       286          –         286
                Accrued interest payable                                               110         36         146
                Deferred tax liabilities                                                34        453         487
                Other liabilities                                                     1,630       259        1,889

                                                                                     93,374      5,286     98,660



            29. Equity compensation benefits
                Stock option plan
                The Group has a stock option plan for senior executives. Under this arrangement, the holder has the right to purchase a
                specified number of ordinary shares of Republic Financial Holdings Limited at a pre-determined price on or before a pre-
                determined date. Options are granted only when certain pre-determined individual, corporate and strategic objectives are
                realised.
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