NOTES TO THE FINANCIAL STATEMENTS AT 31ST DECEMBER, 2013
(continued)
6.
FINANCIAL ASSETS
Loans and Receivables
Bank of St. Lucia – Fixed rate note
Grenada Co-operative Bank Limited - Fixed deposit
RBTT Bank Grenada Limited – Fixed deposit
Flexible premium annuity
Government of Grenada - Treasury bills
Government of St. Lucia - Treasury bills
Government of Antigua & Barbuda – Treasury bills
Government of St. Vincent – Fixed rate bond
Grenada Co-operative League Limited - Fixed deposit
- Deposit account
Caribbean Money Market Brokers Limited
Grenada Union of Teachers Credit Union - Fixed deposit
Communal Co-operative Credit Union Ltd - Fixed deposit
2013
2012
848,000
2,597,256
500,000
1,509,712
2,921,360
1,942,725
499,290
788,392
682,278
57,571
407,958
2,536,006
1,815,000
14,101,362
-
17,105,548
1,509,712
$14,101,362
Less: Provision for impairment
848,000
1,045,000
3,020,060
1,351,700
532,756
1,002,214
1,219,030
61,350
427,336
2,688,166
1,905,750
$15,595,836
Available - for - Sale
East Caribbean Cooperative Central Limited
- 5,000 shares of $100 each
Grencan Investments Limited
- 40,000 ordinary shares of $2.50
Grenada Co-operative League Limited
- 11,717 ordinary shares of $5.00 each
East Caribbean Home Mortgage Bank
- 194 shares of $160 each
- 625 shares of $160 each
- 1,560 shares of $160 each
East Caribbean Home Mortgage Bank – debenture
Grenada Co-operative Bank Limited
- 47,765 shares of $7.00 each
50,000
50,000
100,000
100,000
76,095
76,095
31,040
100,000
249,600
-
19,400
100,000
249,600
50,000
334,355
334,355
$941,090
$979,450
67