BERMUDA MONETARY AUTHORITY
Statement of Financial Position
As at June 30, 2023 and December 31, 2022
|
(In thousands of Bermuda dollars) |
|
June 2023 UNAUDITED |
December 2022 |
|
|
|
|
|
|
Assets |
|
|
|
|
Current assets |
|
|
|
|
Cash and cash equivalents |
|
156,286 |
131,866 |
|
Accounts and other receivables |
|
1,373 |
1,101 |
|
Prepayments |
|
2,034 |
2,122 |
|
Stock of numismatic items |
|
1,635 |
1,489 |
|
Stock of notes and coins for circulation |
|
2,662 |
2,763 |
|
Investments |
|
17,068 |
20,002 |
|
|
|
181,058 |
159,343 |
|
Non-current assets |
|
|
|
|
Investments |
|
77,224 |
69,525 |
|
Property and equipment |
|
20,116 |
19,841 |
|
Intangible assets |
|
6,675 |
6,428 |
|
|
|
104,015 |
95,794 |
|
|
|
|
|
|
Total Assets |
|
285,073 |
255,135 |
|
|
|
|
|
|
Liabilities |
|
|
|
|
Current liabilities |
|
|
|
|
Accounts and other payables |
|
6,531 |
10,963 |
|
Deferred income |
|
34,337 |
341 |
|
Lease liabilities |
|
159 |
177 |
|
Notes and coins in circulation |
|
190,316 |
192,594 |
|
Due to the Consolidated Fund |
|
|
|
|
of the Government of Bermuda |
|
3,752 |
2,723 |
|
|
|
235,095 |
206,798 |
|
Non-current liabilities |
|
|
|
|
Lease liabilities |
|
0 |
84 |
|
|
|
0 |
84 |
|
Equity |
|
|
|
|
Capital subscribed |
|
20,000 |
20,000 |
|
General reserve |
|
29,978 |
28,255 |
|
|
|
49,978 |
48,255 |
|
Total Liabilities and Equity |
|
285,073 |
255,137 |
Note: In accordance with Part VI section 28(3) (b) of the Bermuda Monetary Act 1969 the Authority has published its half-year balance sheet (unaudited) for the period ended 30th June 2023.