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2 Material accounting policies (continued)
2.6 Summary of material accounting policies (continued)

s Fiduciary assets
The Group provides custody, trustee and investment management services to third parties. All related assets are held
in a fiduciary capacity and are not included in these Consolidated financial statements as they are not the assets of
the Group. These assets under administration at September 30, 2025, totaled $55.9 billion (2024: $57.4 billion).

t Earnings per share
Data on basic earnings per share has been computed by dividing the net profit attributable to equity holders of the
parent by the weighted average number of ordinary shares in issue during the year.

For the diluted earnings per share, the weighted average number of ordinary shares in issue is adjusted to assume
conversion of all dilutive potential ordinary shares. The Group has one category of dilutive potential ordinary shares,
which are share options granted to Executive Management.

The difference between the weighted average number of shares used as the denominator in calculating basic earnings
per share and that used for calculating diluted earnings per share is due to share options granted during the year.

u Foreign currency translation
The individual financial statements of each Group entity is presented in the currency of the primary economic
environment, in which the entity operates (its functional currency). The Consolidated financial statements are
expressed in Trinidad and Tobago dollars, which is the functional currency of the parent.

Monetary assets and liabilities of the Parent, which are denominated in foreign currencies are expressed in Trinidad
and Tobago dollars at rates of exchange ruling on September 30. Non-monetary assets and liabilities denominated
in foreign currencies are translated at historic rates. All revenue and expenditure transactions denominated in foreign
currencies are translated at mid-exchange rates and the resulting profits and losses on exchange from these trading
activities are dealt with in the Consolidated statement of income.

The assets and liabilities of subsidiary companies are translated into Trinidad and Tobago dollars at the mid-rates of
exchange ruling at the Consolidated statement of financial position date (except for the subsidiary bank in Suriname,
where the rates were impacted by the economy of which was considered hyperinflationary on July 1, 2021), and all
resulting exchange differences are recognised in OCI. All revenue and expenditure transactions are translated at an
average rate.

The results and financial position of a group entity whose functional currency is the currency of a hyperinflationary
economy shall be translated into a different presentation currency using the following procedure: all amounts (i.e.
assets, liabilities, equity items, income and expenses, including comparatives) shall be translated at the closing rate at
the date of the most recent statement of financial position date.

When the economy of the entity ceases to be hyperinflationary, the entity shall discontinue the application of IAS
29 ‘Financial Reporting in Hyperinflationary Economies’ prospectively from that date. The amounts expressed in the
measuring unit current at the end of the last period in which IAS 29 was applied become the basis for carrying
amounts in subsequent financial statements. Thereafter, these amounts are translated into the presentation currency
using the normal translation procedures that is, assets and liabilities are translated at rates of exchange ruling on
September 30, and income and expenses are translated at the mid-exchange rates where appropriate.