Page 122 - RB GRENADA ANNUAL REPORT 2025_ONLINE

122 • Republic Bank (Grenada) Limited 2025 Annual Report • FINANCIALS

Notes to the Financial Statements

For the year ended September 30, 2025. Expressed in Thousands of Eastern Caribbean dollars ($’000), except where otherwise stated.

10 Deferred tax assets and liabilities
Components of deferred tax assets and liabilities
a Deferred tax assets

Credit/(Charge)
Other
Opening Statement comprehensive Closing
2025 balance of income income balance

Post-retirement medical and group life obligation 1,459 209 69 1,737
Leased assets, net – 11 – 11
IFRS 9 provision 1,479 429 – 1,908

2,938 649 69 3,656

2024

Post-retirement medical and group life obligation 1,586 140 (267) 1,459
Leased assets, net 64 (64) – –
Pension liability 1,117 (1,117) – –
IFRS 9 provision 2,632 (1,153) – 1,479

5,399 (2,194) (267) 2,938

b Deferred tax liabilities

(Credit)/Charge
Other
Opening Statement comprehensive Closing
2025 balance of income income balance

Core deposits 588 (174) – 414
Leased assets, net 5 (5) – –
Pension asset – 97 (97) –
Premises and equipment 280 161 – 441

873 79 (97) 855

2024

Core deposits 899 (311) – 588
Leased assets, net – 5 – 5
Pension asset – (1,056) 1,056 –
Premises and equipment 172 108 – 280

1,071 (1,254) 1,056 873