Non-Consolidated Annual Report 2015

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED NON-CONSOLIDATED ANNUAL REPORT 2015 35 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Non-consolidated Financial Statements For the year ended March 31, 2015 (Expressed in Barbados dollars) 23 11. Loans and Advances (i) Loans and advances are comprised of the following: 2015 Consumer Business Mortgages Total Performing loans $ 491,662,619 2,458,562 220,158,090 714,279,271 Non-performing loans 30,986,219 598,947 19,309,332 50,894,498 Gross loans 522,648,838 3,057,509 239,467,422 765,173,769 Less: provision for impairment (17,036,003) (294,476) (4,572,359) (21,902,838) $ 505,612,835 2,763,033 234,895,063 743,270,931 Add: interest receivable 3,226,008 $ 746,496,939 2014 Consumer Business Mortgages Total Performing loans $ 448,716,071 2,570,533 204,932,538 656,219,142 Non-performing loans 29,662,385 721,534 16,283,713 46,667,632 Gross loans 478,378,456 3,292,067 221,216,251 702,886,774 Less: provision for impairment (16,754,196) (462,395) (4,118,331) (21,334,922) $ 461,624,260 2,829,672 217,097,920 681,551,852 Add: interest receivable 2,779,627 $ 684,331,479 The average yield on loans for the year was 8.92% (2014 – 9.30%).