Page 27 University of Technology, Jamaica Notes to the Financial Statements 31 March 2020 (expressed in Jamaican dollars unless otherwise indicated) 3. Financial Risk Management (Continued) (c) Market risk (continued) Currency risk (continued) 2019 Jamaican$ STG US$ CAN$ Euro Total J$’000 J$’000 J$’000 J$’000 J$’000 J$’000 Financial assets Long term investments 38,913 - 313,926 - - 352,839 Accounts receivable 954,569 - 185,722 - - 1,140,291 Reverse repurchase agreements 854,378 29,595 955,445 - 10,666 1,850,084 Cash in hand and at bank 155,238 19,436 14,980 788 34,622 225,064 Total financial assets 2,857,476 49,031 1,470,073 788 45,288 3,568,278 Financial liabilities Accounts payable 816,746 - - - - 816,746 Designated receipts 7,000 - - - - 7,000 Bank overdraft 10,420 - 1,096 - - 11,516 Total financial liabilities 834,166 - 1,096 - - 835,262 Net financial position 2,023,310 49,031 1,468,977 788 45,288 2,733,016 University of Technology, Jamaica 143
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