BERMUDA MONETARY AUTHORITY - Half-Year (Unaudited) Statement of Financial Position for the Period Ended 30 June 2019

Notice type

Government Notice

Public Notification

Notice ID

GN0877/2019

Public Authorities / Department

Bermuda Monetary Authority

Publication date

24 July, 2019

BERMUDA MONETARY AUTHORITY

Statement of Financial Position

As at June 30, 2019 and December 31, 2018

June December

(In thousands of Bermuda dollars) 2019 2018

Assets
Current assets
Cash and cash equivalents	72,213	44,996
Accounts and other receivables	898	1,834
Prepayments	1,028	982
Stock of numismatic items	1,062	810
Stock of notes and coins for circulation	4,924	4,896
Investments, at amortised cost	12,045	5,012
	92,170	58,530
Non-current assets
Investments, at amortised cost	95,896	103,110
Property and equipment	22,163	21,729
Intangible assets	4,518	5,574
	122,577	130,413
Total Assets	214,747	188,943
Liabilities
Current liabilities
Accounts and other payables	5,580	6,783
Deferred income	22,939	488
Notes and coins in circulation	144,905	141,915
Due to the Consolidated Fund
of the Government of Bermuda	1,566	-
	174,990	149,186
Equity
Capital subscribed	20,000	20,000
General reserve	19,757	19,757
	39,757	39,757
Total Liabilities and Equity	214,747	188,943

Note: In accordance with section 28(3) of the Bermuda Monetary Act 1969 the Authority has published its half-year balance sheet (unaudited) for the period ended 30^th June 2019.

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