Non-Consolidated Annual Report 2015

BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED NON-CONSOLIDATED ANNUAL REPORT 2015 36 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) 24 11. Loans and Advances…(continued) (ii) The movement in the provision for impaired loans is as follows: 2015 Consumer Business Mortgages Total Balance, beginning of year $ 16,754,196 462,395 4,118,331 21,334,922 Amounts charged off (3,061,940) (82,101) - (3,144,041) Loan impairment expense 3,343,747 (85,818) 454,028 3,711,957 Balance, end of year $ 17,036,003 294,476 4,572,359 21,902,838 Individual impairment $ 13,079,751 221,696 3,408,911 16,710,358 Collective impairment 3,956,252 72,780 1,163,448 5,192,480 $ 17,036,003 294,476 4,572,359 21,902,838 2014 Consumer Business Mortgages Total Balance, beginning of year $ 17,068,869 240,879 2,306,874 19,616,622 Amounts charged off (2,626,995) (64,034) - (2,691,029) Loan impairment expense 2,312,322 285,550 1,811,457 4,409,329 Balance, end of year $ 16,754,196 462,395 4,118,331 21,334,922 Individual impairment $ 12,894,657 347,027 3,014,549 16,256,233 Collective impairment 3,859,539 115,368 1,103,782 5,078,689 $ 16,754,196 462,395 4,118,331 21,334,922