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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.