Consolidated Annual Report 2015

43 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED CONSOLIDATED ANNUAL REPORT 2015 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2015 (Expressed in Barbados dollars) 30 12. Loans and Advances (i) Loans and advances are comprised of the following: 2015 Consumer Business Mortgages Total Performing loans $ 514,838,559 9,086,493 337,363,411 861,288,463 Non-performing loans 33,119,424 598,947 28,802,731 62,521,102 Gross loans 547,957,983 9,685,440 366,166,142 923,809,565 Less: provision for impairment (17,036,003) (294,476) (5,858,141) (23,188,620) $ 530,921,980 9,390,964 360,308,001 900,620,945 Add: interest receivable 5,438,586 $ 906,059,531 2014 Consumer Business Mortgages Total Performing loans $ 467,840,785 2,570,533 316,321,985 786,733,303 Non-performing loans 31,108,593 721,534 24,586,589 56,416,716 Gross loans 498,949,378 3,292,067 340,908,574 843,150,019 Less: provision for impairment (16,754,197) (462,395) (5,395,013) (22,611,605) $ 482,195,181 2,829,672 335,513,561 820,538,414 Add: interest receivable 4,610,710 $ 825,149,124 Finance leases at March 31, 2015 amounted to $28,770 (2014 - $28,770). A portfolio of mortgage loans of a subsidiary has been pledged as security for certain customer deposits totalling $18,800,000 (2014 - $18,800,000). At March 31, 2015 a floating charge of $15,000,000 (2014 - $15,000,000) over these deposits had been formalised.