BERMUDA MONETARY AUTHORITY
Statement of Financial Position
As at June 30, 2024 and December 31, 2023
June December
|
(In thousands of Bermuda dollars) |
|
2024 UNAUDITED |
2023 AUDITED |
|
|
|
|
|
|
Assets |
|
|
|
|
Current assets |
|
|
|
|
Cash and cash equivalents |
|
105,096 |
119,500 |
|
Accounts and other receivables |
|
1,504 |
2,495 |
|
Prepayments |
|
3,128 |
2,435 |
|
Stock of numismatic items |
|
1,542 |
1,547 |
|
Stock of notes and coins for circulation |
|
2,690 |
2,096 |
|
Investments |
|
47,808 |
27,090 |
|
|
|
161,768 |
155,163 |
|
Non-current assets |
|
|
|
|
Investments |
|
106,352 |
67,157 |
|
Property and equipment |
|
21,192 |
21,256 |
|
Intangible assets |
|
5,968 |
6,578 |
|
|
|
133,512 |
94,991 |
|
|
|
|
|
|
Total Assets |
|
295,280 |
250,154 |
|
|
|
|
|
|
Liabilities |
|
|
|
|
Current liabilities |
|
|
|
|
Accounts and other payables |
|
9,260 |
14,312 |
|
Deferred income |
|
52,632 |
288 |
|
Lease liabilities |
|
40 |
84 |
|
Notes and coins in circulation |
|
174,790 |
189,024 |
|
Unappropriated net Income |
|
12,041 |
- |
|
|
|
248,763 |
203,708 |
|
Non-current liabilities |
|
|
|
|
Lease liabilities |
|
104 |
- |
|
|
|
104 |
- |
|
Equity |
|
|
|
|
Capital subscribed |
|
20,000 |
20,000 |
|
General reserve |
|
26,413 |
26,446 |
|
|
|
46,413 |
46,446 |
|
Total Liabilities and Equity |
|
295,280 |
250,154 |
Note: In accordance with Part VI section 28(3) (b) of the Bermuda Monetary Act 1969 the Authority has published its half-year Statement of Financial Position (unaudited) as at 30th June 2024.