57 / 72
55
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
NON-CONSOLIDATED ANNUAL REPORT 2014
BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED
Notes to the Non-consolidated Financial Statements
For the year ended March 31, 2014
(Expressed in Barbados dollars)
45
23. Financial Risk Management…(continued)
Credit risk…(continued)
The tables below show the credit quality and aging analysis by class of financial assets.
2014
Neither past due Past due but
Individually
nor impaired
not impaired
impaired
Total
Cash resources
$ 109,228,502
-
- 109,228,502
Financial investments:
Held to maturity
20,395,633
-
-
20,395,633
Loans and advances:
Consumer
380,726,564
67,989,507
29,662,385 478,378,456
Mortgages
171,136,834
33,795,704
16,283,713 221,216,251
Business
1,035,304 1,535,229
721,534 3,292,067
Total
$ 682,522,837 103,320,440 46,667,632 832,510,909
2013
Neither past due Past due but
Individually
nor impaired
not impaired
impaired
Total
Cash resources
$ 110,240,420
-
- 110,240,420
Financial investments:
Held to maturity
16,377,955
-
-
16,377,955
Loans and advances:
Consumer
360,267,077
61,637,149
32,186,327 454,090,553
Mortgages
160,567,645
33,109,415
18,328,783 212,005,843
Business
1,399,101 1,172,605
717,336 3,289,042
Total
$ 648,852,198 95,919,169 51,232,446 796,003,813
Within the Credit Union, past due but not impaired loans represents loans which are in arrears
between 1 to 90 days where the specific details on those loans indicate recovery is not at issue.