Page 200 - RFHL ANNUAL REPORT 2025 ONLINE_NEW

198 • Republic Financial Holdings Limited 2025 Annual Report • FINANCIALS

Notes to the Consolidated Financial Statements

For the year ended September 30, 2025. Expressed in millions of Trinidad and Tobago dollars, except where otherwise stated.

28 Maturity analysis of assets and liabilities (continued)

Within After
2024 one year one year Total

ASSETS
Cash on hand 1,452 – 1,452
Statutory deposits with Central Banks 7,281 – 7,281
Due from banks 6,802 – 6,802
Treasury Bills 7,682 – 7,682
Advances 13,693 53,606 67,299
Investment securities 8,034 12,482 20,516
Investment interest receivable 212 9 221
Other assets 1,039 33 1,072
Investment in associated companies – 78 78
Premises and equipment 44 3,317 3,361
Right-of-use assets 8 483 491
Intangible assets – 937 937
Net employee defined benefit asset – 945 945
Deferred tax assets 11 325 336
Taxation recoverable 2 65 67

46,260 72,280 118,540

LIABILITIES
Due to banks 463 – 463
Customers’ current, savings and deposit accounts 89,788 4,616 94,404
Other fund raising instruments 2,737 728 3,465
Debt securities in issue – 1,031 1,031
Lease liabilities 14 503 517
Taxation payable 298 – 298
Accrued interest payable 175 28 203
Other liabilities 1,934 186 2,120
Net employee defined benefit liabilities – 33 33
Deferred tax liabilities 13 508 521

95,422 7,633 103,055

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.