Consolidated Annual Report 2016

41 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED CONSOLIDATED ANNUAL REPORT 2016 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Consolidated Financial Statements For the year ended March 31, 2016 (Expressed in Barbados dollars) 29 12. Loans and Advances (i) Loans and advances are comprised of the following: 2016 Consumer Business Mortgages Total Performing loans $ 558,134,102 8,896,892 392,080,969 959,111,963 Non-performing loans 35,061,187 646,858 21,150,390 56,858,435 Gross loans 593,195,289 9,543,750 413,231,359 1,015,970,398 Less: provision for impairment (16,354,985) (151,572) (5,689,580) (22,196,137) $ 576,840,304 9,392,178 407,541,779 993,774,261 Add: interest receivable 7,655,727 $ 1,001,429,988 2015 Consumer Business Mortgages Total Performing loans $ 515,355,552 9,086,493 344,958,076 869,400,121 Non-performing loans 32,602,431 598,947 21,208,066 54,409,444 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 Non-performing loans comprise of: i. Loans and advances of the parent that are in arrears over 90 days, which are either past due but not impaired or individually impaired ii. Non accrual loans of a subsidiary.